FIF CAT Committee and Tech Specs Working Group. The CAT Tech Specs Working Group reviewed draft comments and questions to submit to FINRA CAT relating to the following: equity orders combined with an unlisted option order at a net price; listed option orders combined with an unlisted option order at a net price; reporting of a customer modification or cancel received and processed directly by a downstream desk; and TRF cancels, corrects and reversals. FIF submitted these comments and questions to FINRA CAT. The Working Group reviewed guidance provided by FINRA CAT relating to the OFF,...

FIF CAT Tech Specs Working Group. The CAT Tech Specs Working Group discussed comments and questions for FINRA CAT relating to multi-leg scenarios, reporting of events that occur the evening prior to delisting of a symbol, Net Asset Value workflow, buy-in as agent, and the new numberOfLegs field. The Working Group completed its review and discussion of the FINRA CAT January 8 updates to Phase 2c Reporting Scenarios. The Working Group discussed issues raised by FIF members relating to the ability to report allocation amendments that do not change CAT reportable attributes and false positive...

FIF CAT Tech Specs Working Group. The CAT Tech Specs Working Group discussed issues raised by FIF Members, including reporting for GTX orders, reporting for DRP and DSPP/ESPP scenarios, reporting buy-in capacity, and reporting manual multi-leg scenarios. The Working Group prepared and submitted recommendations to FINRA CAT for the reporting of allocation cancels. The Working Group reviewed FINRA CAT FAQ updates relating to TRF reporting. The Working Group prepared and reviewed responses to FINRA CAT relating to order receipt and acceptance. The Working Group reviewed the January 8 FINRA...

FIF Spotlight on Executive Order 13959. On January 6, FIF hosted a call on the recent Executive Order 13959, which prohibits certain transactions in publicly traded securities of any Chinese military company or any securities that are derivative of, or are designed to provide investment exposure to, such securities. During the call, Robert Dura and Satish Kini of the Debevoise & Plimpton law firm reviewed recent FAQs issued by OFAC relating to the Executive Order.  FIF CAT Committee and Tech Specs Working Group. The CAT Tech Specs Working Group reviewed updated FINRA CAT FAQs...

No working group meetings occured on the week of 12/28

FIF CAT Tech Specs Working Group. The CAT Tech Specs Working Group discussed the recent Exemptive Order issued by the SEC relating to the timeline for the SROs to provide linkage error feedback, the reporting of port-level settings and instructions, and the linkage of representative orders. The Working Group discussed the November Exemptive Order issued by the SEC that provided exemptions for CAT reporting of certain verbal communications. The Working Group discussed issues raised by FIF Members relating to the reporting of allocations, RFQ reporting and OATS retirement. FIF Front Office...

FIF CAT Tech Specs Working Group. The CAT Tech Specs Working Group discussed the new intra-day equity and option symbol file to be provided by FINRA CAT. The Working Group reviewed the December 4 updates to the Phase 2c Reporting Scenarios document, including updates relating to reporting of principal trades to fulfill Manning rule obligations, internal route modifications, eventTimestamp and requestTimestamp relating to Order Modified and Order Cancelled events, reporting for Trailing Stop orders, reporting when the Stop Price is based on an underlying condition, reporting of the CSC...

FIF CAT Tech Specs Working Group. The CAT Tech Specs Working Group reviewed the updates to the Technical Specifications published by FINRA CAT on December 4th, including updates relating to verbal quotes, modifications and cancels, TRF linkage, RFQs, routedOrderID for route modifications, tne new requestTimestamp fields, orderID reporting for modifications, New Quote and Quote Received events, Order Effective events, manual event fields for Multi-Leg events, new Multi-Leg events, and new TTF, TTO and TTS handlingInstructions. The Working Group reviewed new FAQ B68 relating to the...

FIF CAT Tech Specs Working Group. The CAT Tech Specs Working Group reviewed the recently-received responses from FINRA CAT to questions and comments previously submitted by FIF. The Working Group reviewed various issues raised by FIF members, including internal routing scenarios, reporting for foreign securities, and reporting of the symbol for orders received after the close of trading on the evening prior to a symbol change. The Working Group reviewed the new and updated FIX Extension Packs for CAT. The Working Group reviewed the SEC approval of the FINRA rule proposal relating to the...