FIF CAT Working Group - FIF reviewed the remaining issues raised by FIF Members on recently published FDID guidance, discussed remaining spec issues, introduced the proposed CAT Web Portal and provided a status update on FIX to CAT Mapping.  FIF SEC Rule 606 Working Group - Discussed the SEC's grant of FIF's extension request to extend the 606 compliance date to October 1, 201 and decided upon next steps we need to take in our discussions with the SEC.  FIF will review and finalize a list of questions/proposed responses to remaining FAQs/guidance on Tuesday, April...

FIF CAT Working Group - FIF began with a review of CAT submission, connectivity and security updates. Discussed the revised SRO ATS/Non-ATS cross methodology, CAT definitions and elimination of handling instructions. Provided an update on revised correction/deletion methodology and FDID.  FIF SEC Rule 606 Working Group - FIF reviewed the proposed advocacy with Commission Staff on SEC Rule 606 implementation guidance/dates, along with sections 606(a), 606 (b)(1) and 606 (b)(3).  FIF Back Office Committee Meeting - Provided guidance and insight on implementation issues...

FIF CAT Tech Spec Subgroup - FIF began the meeting with a solicitation of feedback from the group on major issues with v1.1 draft 2 of the CAT Industry Member Technical Spec. FIF then shifted focus to the follow-up items from last week's discussion on sections 5-5.1 (options).  We then continued the review of the CAT options reporting requirements, starting with section 5.4.  FIF SEC Rule 606 Working Group - FIF reviewed the content of the in-person meeting with the SEC Division of Trading and Markets. The group discussed next steps, including creation of FAQs, the...

FIF Cloud Technology Working Group - Ed Featherston of HPE presented a spotlight topic focused on the challenges and benefits of the Cloud migration process. Mr. Featherston's advice ranged from cybersecurity tips to the prep work your firm should consider before starting the migration process to challenges met across implementation.  FIF CAT Tech Spec Subgroup - FIF held two tech spec requirements subgroup meeting the week of April 1.  On Wednesday, April 9, FIF focused on the changes that have been made to the current version of the CAT Industry Member Technical...

FIF FINRA Rule 4370 BCP Working Group - Held our final meeting on rule 4370 in order to elict any last minute recommendations/redactions to the comment letter. FIF CAT Representative Orders Subgroup - FIF reviewed last week's discussion/talking points, polled members asking rather than require CAT Reporters flag representative orders during phase 2a, would a flag that identifies an order as “eligible for customer order allocation/fulfillment” (the SROs will make clear that this flag has nothing to do with subaccount allocations) be workable? ...

FIF Cybersecurity Working Group - Reviewed a Homeland Security Memo for US Owners and Operators Using GPS to Obtain UTC Time and explored the GCA Cybersecurity Toolkit for small to medium sized businesses. FIF CAT Working Group - Reviewed additional Error Correction tools proposed by the SROs/FINRA, the SROs approach to ATS order flow, SRO updates to the negotiated trade/trade as a result of a quote reporting approach, requested feedback on whether the re-ordering of fields within events would cause coding issues in CSV and feedback on the identification of redundant reporting...

FIF CAT Working Group - Reviewed the feedback on the SROs proposed error correction enhancements along with the feedback on the current FDID construct in preparation for an in-person deep-dive session with the SROs. FIF FINRA Rule 4370 (BCP) Subgroup - FIF reviewed FINRAs request for comment on Rule 4370 and began elicting feedback on 8 questions provided by FINRA. FIF CAT Tech Spec Working Group - Continued the review of the CAT tech spec beginning with section 4.4 (Order Accepted Event). FIF SEC Rule 606 Working Group -  Provided a brief update on recent...

FIF CAT Working Group - Reviewed SRO revised FDID guidance. Provided an overview and solicited initial feedback pertaining to several additional error correction features proposed by the SROs. FIF CAT Cybersecurity Subgroup - FIF reviewed prior comments on CAT Cybersecurity.  FIF will resubmit prior comments with supplemental information such as: Data access/governance standards, cloud security standards, and CAT connectivity. FIF CAT Tech Spec Working Group - Continued the review of the spec with section 4 (equity events). FIF SEC Rule 606 Working...

FIF CAT Working Group - Provided an update on SRO deliverables, reviewed the FIF plan with respect to the CAT implementation timelines, reviewed the 2/28 CAT Tech Spec (V1.1) and the updated scenarios document, and requested additional feedback on the issue resolution document. FIF Retail Execution Quality Working Group - The group focused on developing a plan to further promote the FIF 605 modernization recommendations both directly with the Commission as well as across the industry. FIF Cloud Technology Working Group - Mike Mazza (Morgan Stanley) and our...