FIF Front Office Committee Meeting -  Focused on order management and trading system issues resulting from proposed rule changes (SEC, FINRA, SROs) and other initiatives impacting exchange traded equities and options, and OTC transactions. Find this month's agenda here. FIF CAT Tech Spec Working Group - FIF reviewed identified issues that will directly impact member firms implemenation of CAT.  We focused on reducing the content of these items to allow ThesysCAT to focus on those questions that may directly impede CAT implemenation.  FIF sumbitted a list of...

FIF Back Office Committee Meeting - Provided guidance and insight on implementation issues relating to exchange, utility, and industry initiatives as well as regulatory changes affecting securities processing and reporting. 11/20 Agenda FIF CAT Tech Spec Working Group - FIF reviewed identified issues that will directly impact member firms implemenation of CAT.  We focused on reducing the content of these items to allow ThesysCAT to focus on those questions that may directly impede CAT implemenation. FIF CAT Industry Testing Subgroup - Reviewed the updated meeting...

LTR Phase Three -  FIF met with members to provide an update on the Commission's recent stance LTR Phase Three, and next steps for the industry.  FIF will schedule a follow up call the for the week of the 26th.  FIF CAT Tech Spec Working Group - Members raised a number of outstanding issues in the spec that have not been resolved.  FIF understands that a number of the issues within the spec may prevent industry members from performing coding, may require costly and unnecessary systems builds (due to ambiguous guidance/ lack of guidance). Therefore, FIF is...

FIF Rule 605 Subgroup -  Reviewed the content of the meetings with the SEC staff and covered next steps. FIF CAT Tech Spec Working Group - During the kick-off meeting for the working group a number of members provided suggestions regarding how best to maximize the efficiency of this working group to 1) provide industry members with an opportunity to propose additional use cases/scenarios to be included in the scenarios portion of the spec and 2) analyze the requirements portion of the spec, elicit best practices from peer firms, and pose questions/proposed FAQs to the...

Phase 2c Rep Order Linkage – Prep for Nov 7 SRO Deep Dive - Prepared for an in-person meeting with the SROs on Wednesday, November 7th to address the challenges of reporting phase 2c representative order linkages to the CAT. FIF CAT FDID Subgroup - FIF focused on the updated meeting materials in preparation for the Nov 13th in-person meeting with the SROs on outstanding FDID issues.  Of note, we worked off of the premise that account number will not be permissible as an FDID, and therefore our goal will be to outline the challenges of the current FDID construct and to...

FIF Manual Events Subgroup - Held an in-person half day meeting with the SROs/ThesysCAT discussing the subgroups recommendations on manual events. FIF Front Office Committee Meeting -  Focused on order management and trading system issues resulting from proposed rule changes (SEC, FINRA, SROs) and other initiatives impacting exchange traded equities and options, and OTC transactions. Find this month's agenda here. FIF CAT Working Group - Reviewed Phase 2b Options definitions and scope, reviewed CAT Matching Criteria requirements (routedOrderID/sessionID), ran...

FIF CAT Options Subgroup - Reviewed the options scenerios proposed proposed/discussed with Industry Members in preparation for the a follow up discussion with the SROs/ThesysCAT. FIF FDID Subgroup -  Reviewed the current SRO FDID construct in preparation for an in-person discussion on November 13.  FIF highlighted the challenges related to maintaining/updating unique FDIDs at the Broker-Dealer/Vendor level.  FIF will be holding a follow up discussion on Wednesday, October 24 to discuss the recommendations. FIF CAT Working Group - Reviewed the initiatives being pursued in...

FIF Back Office Committee Meeting - Provided guidance and insight on implementation issues relating to exchange, utility, and industry initiatives as well as regulatory changes affecting securities processing and reporting. 10/9 Agenda FIF Manual Events Subgroup - Discussed whether it will be feasible for your firm to report the manual order with the representative flag populated and indicating the orderID of the electronic message on the manual New Order Event.  A follow up discussion with the SROs/ThesysCAT has been scheduled for Tuesday, October 16th. FIF Error Correction...

FIF CAT Tech Spec Review Working Group -  Finished our review of the Tech Spec and reviewed the comment letter to ThesysCAT.  FIF submitted a full comment letter and associated feedback to ThesysCAT, the SROs, and the SEC on Monday, October 1. FIF Manual Events Subgroup - Reviewed the materials on Manual Route Events as a follow-up to our discussions with the SROs FIF Error Correction Subgroup -  Revived the Error Correction Subgroup to discuss zero-based file location index provided in the feedback files and the requirement that all feedback files will be submitted to...