FIF CAT Tech Specs Working Group and FIF CAT Committee. The FIF CAT Tech Specs Working Group reviewed and discussed updates to the Reporting Scenarios issued by FINRA CAT on November 6, including updated scenarios relating to RFQs, floor broker trading, trailing stop orders and allocations. The Working Group reviewed items where additional information is required in the Technical Specifications and Reporting Scenarios documents. The Working Group discussed CAT rejections of orders for a new option series received prior to the first day of trading. The Working Group reviewed comments and...

FIF CAT Tech Specs Working Group and FIF CAT Committee. The FIF CAT Tech Specs Working Group reviewed new and updated FAQs from the SROs relating to buy-ins, OTC link messages, booking for allocations, and the OPT and CND handlingInstructions. The Working Group reviewed proposals to ensure that errors are not assigned to industry members that have reported correctly. The Working Group discussed reporting for various ESPP scenarios. The Working Group and Committee reviewed and discussed the updates to the Technical Specifications and Reporting Scenarios issued by FINRA CAT on November 6,...

FIF CAT Tech Specs Working Group and FIF CAT Committee. The FIF CAT Working Group reviewed the issues discussed during the November 3 FINRA CAT Weekly Industry Testing Checkpoint call, including various exchange linkage error scenarios and guidelines for firms on when to open and update cases with FINRA CAT. The Working Group discussed various issues raised by FIF members, including obtaining guidance on reporting for Manning rule compliance where a firm trades as principal, inconsistent OATS and CAT exchange lists, various exchange linkage error scenarios, challenges with the OSCI...

FIF CAT Tech Specs Working Group and FIF CAT Committee: The FIF CAT Working Group and Committee participated on a call where FINRA provided guidance on the October 26 compliance dates for resolving equities and options interfirm, exchange and TRF linkage validations by 8 am on T+3. The Working Group continued a detailed review of the CAT Phase 2d requirements, including manual workflows for receiving and routing options and multi-leg orders. The Working Group and Committee reviewed various issues raised by FIF members, including aggregated orders where one of two component orders is...

FIF CAT Tech Spec Working Group/CAT Committee: The FIF CAT Tech Spec Working Group and CAT Committee discussed the October 26 and January 4 compliance dates for resolving equities and options interfirm, exchange and TRF linkage validations by 8 am on T+3. The Working Group continued a detailed review of the CAT Phase 2d requirements, including Multi-Leg Order events, Route Modified and Cancelled events, Order Modification and Cancel Request events, responses to RFQs and solicitations, Option Order Internal Route Modified, Cancelled, Modification Request and Cancel Request events, and...

FIF CAT Tech Spec Working Group/CAT Committee: The FIF CAT Working Group commenced a detailed review of the Phase 2d requirements, including an overview of the areas covered by Phase 2d and a focus on the reporting of multi-leg orders. The FIF CAT Tech Spec Working Group and broader CAT Committee reviewed and finalized a draft letter to the CAT Operating Committee requesting extensions of the CAT compliance dates for correcting equity interfirm, exchange and TRF linkage validations and options interfirm and exchange linkage validations. The FIF CAT Committee reviewed the recently posted...

FIF CAT Tech Spec Working Group/CAT Committee: The Working Group and Committee discussed a recent notification from FINRA CAT removing the Phase 2d requirement to provide a new unique orderID on CAT Order Modification and Order Adjustment events and follow-up clarifications requested by FIF, discussed actions to be taken by FIF relating to the October 26 compliance date for firm to firm, exchange and TRF linkage validations, discussed various linkage error issues identified by FIF members, reviewed various questions to be submitted to FINRA CAT by FIF, reviewed various Phase 2c...

FIF CAT Tech Spec Working Group/CAT Committee: The Working Group and Committee discussed a recent notification from FINRA CAT removing the Phase 2d requirement to provide a new unique orderID on CAT Order Modification and Order Adjustment events, reviewed various questions to be submitted to FINRA CAT by FIF, reviewed the FINRA CAT TRF linkage webinar, discussed various TRF linkage issues, provided an update on a draft letter being prepared by FIF identifying challenges with the October 26 linkage compliance date, and reviewed recent FAQ updates relating to trades in a foreign currency...

FIF CAT Tech Spec Working Group/CAT Committee: The Working Group and Committee reviewed the Monthly CAT Implementation Update, TRF linkage error issues, guidelines for reporting routes to NYSE floor brokers, discussed reporting for paired orders, reviewed the FINRA CAT Industry Member Technical Specification call and the Phase 2c Industry Webinar, and discussed various Phase 2c requirements. FIF CAT CAIS Working Group: The FIF CAT CAIS Working Group reviewed the CAIS LTID timeline, reviewed recent FAQs relating to CAIS published by FINRA CAT, reviewed the FDID reconciliation...