FIF OTC Options Reporting Working Group. The OTC Options Reporting Working Group continued its review of the draft FIF comment letter on FINRA Regulatory Notice 22-14, “OTC Options Reporting: FINRA Requests Comment on Proposed Trade Reporting Requirements for Over-The-Counter Options Transactions”.    Back Office Committee. The Back Office Committee reviewed applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month. The spotlight presenter was Renuka Gupta of OASIS Pro Markets, who discussed The Potential for Blockchain in Settlement. Please find...

FIF OTC Options Reporting Working Group. The OTC Options Reporting Working Group reviewed the first draft of an FIF comment letter on FINRA Regulatory Notice 22-14, “OTC Options Reporting: FINRA Requests Comment on Proposed Trade Reporting Requirements for Over-The-Counter Options Transactions”.    FIF TRACE Working Group. The Working Group discussed a recent update from FINRA on TRACE reporting for Covered Depository Institutions. The Working Group reviewed a request from FINRA and the MSRB for a discussion on collecting pre-trade information for fixed income securities. The...

FIF OTC Options Reporting Working Group. The OTC Options Reporting Working Group continued its discussion of FINRA Regulatory Notice 22-14, “OTC Options Reporting: FINRA Requests Comment on Proposed Trade Reporting Requirements for Over-The-Counter Options Transactions”.  FIF Compliance Working Group. Ignacio Sandoval of the Morgan Lewis law firm discussed the SEC’s Semi-Annual Regulatory Agenda published in June, including planned rule adoptions, planned rule proposals and proposed long-term actions. The presentation focused on rules and proposals relating to trading and markets....

FIF Rule 605 Working Group. The Rule 605 Working Group reviewed a draft letter to the Director of the SEC’s Division of Trading and Markets relating to remarks by SEC Chair Gensler on the potential expansion of Rule 605 reporting.  FIF OTC Options Reporting Working Group. The OTC Options Reporting Working Group continued its discussion of FINRA Regulatory Notice 22-14, “OTC Options Reporting: FINRA Requests Comment on Proposed Trade Reporting Requirements for Over-The-Counter Options Transactions”.  FIF Data and Technology Committee. The FIF Data and Technology Committee...

Front Office Committee. The Front Office Committee reviewed applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges. The spotlight presenter was Patrick Dote of Imperative Execution, who discussed Navigating Trading During Recent Market Volatility. Please find the July Agenda here. 

OTC Options Reporting Working Group. This group held its first call to discuss FINRA Regulatory Notice 22-14, “OTC Options Reporting: FINRA Requests Comment on Proposed Trade Reporting Requirements for Over-The-Counter Options Transactions”. Rule 605 Working Group. The Rule 605 Working Group discussed recent statements by SEC Chair Gensler on the potential expansion of Rule 605 reporting and next steps for FIF. Rule 606 Working Group. The Rule 606 Working Group continued its discussion of Rule 606 reporting of held and not held orders and the SEC’s recent FAQ updates on Rule 606...

FIF CAT Monthly Update Working Group. The CAT Monthly Update Working Group reviewed guidance and updates from the SROs and FINRA CAT on CAT transaction reporting and CAT CAIS reporting during the prior month. The Working Group reviewed the current areas of focus for FIF members and the current open issues for CAT transaction reporting and CAT CAIS reporting. FIF CAT Transaction Reporting Working Group. The CAT Transaction Reporting Working Group reviewed feedback from FINRA CAT relating to the atsDisplayInd field, reporting the accountHolderType for an account for a broker-dealer,...

Front Office Committee. The FIF Front Office Committee reviewed applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges. The spotlight presenter for the meeting was Chris Sparrow, who discussed Adverse Selection in Volatile Markets. Data and Technology Committee. The FIF Data and Technology Committee reviewed capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets. The spotlight presenter for the meeting was Stefanos Barzinas of the NYSE, who discussed the surge in off hours trading...

Back Office Committee. The FIF Back Office Committee reviewed applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month. The spotlight presenter for the meeting was Allison Gott of Paxos, who provided an update on Paxos’ clearing agency filing. Please find the meeting agenda here.  FIF TRACE/Fixed Income Working Group. The FIF TRACE/Fixed Income Working Group reviewed a draft comment letter on the recent rule filing by FINRA with the SEC (SR-FINRA-2022-013) to require reporting of transactions in U.S. Treasuries as soon as practicable, but no later than...