Yesterday FIF held its largest Chicago event to date in our long history of partnering with Cboe Global Markets. There were two panels, one focusing on regulation and compliance, and the other focusing on trading technology. The compliance panel featured Gregg Berman of Citadel, Angela Lucas of Simplex Trading and Nicole Pursley of Cboe Global Markets. The trading technology panel featured Mike Smith of IPC Systems, Raymond Tsui of SS&C Eze and Jeff Wells of Cboe Global Markets. In-between the two panels, we had a great spotlight presentation from Cboe's Henry Schwartz, who...

On October 26, FIF submitted letters to the CAT Plan Participants and FINRA CAT on (i) CAT reporting for non-executable RFQ responses, and (ii) data requested by FIF members for reconciliation of CAT invoices.

FIF has scheduled a call for Thursday November 2 at 11 am ET to review the SEC’s recent adoption of a rule to require monthly reporting of short positions and short activity. FIF has invited members of the FIF Short Sales / Reg SHO / Short Interest Reporting Working Group to participate on this call. If you would like to participate on this call and are not a member of this Working Group, please update your FIF profile or send a note to This email address is being protected from spambots. You need JavaScript enabled to view it..

The FIF CAT Monthly Update Working Group call for November will be on Thursday November 2 at 2 pm ET. The Working Group will review guidance and updates from the CAT Plan Participants and FINRA CAT on CAT Transaction Reporting and CAT CAIS reporting during the prior month. The Working Group will also review the current areas of focus for FIF members and the current open issues for CAT Transaction Reporting and CAT CAIS reporting.

FIF has scheduled the next call for the FIF Securities Lending Transparency Working Group for Monday November 6 at 2 pm ET. The agenda for the call will be to continue the review and discussion of the SEC’s recently-adopted rule to require Reporting of Securities Loans. The Working Group will discuss various issues relating to the rule proposal, including how end-of-day should be defined, how a platform or venue should be defined, timestamp granularity, how spread-based pricing should be reported and disseminated, and reporting on an “if-known” basis. If you would like to participate on...

FIF has scheduled the next call for the FIF Rule 606 Working Group for Monday November 6 at 3:30 pm ET to continue the discussion of Rule 606 reporting for the pass-through of CAT fees.

An FIF member would like to discuss with other members the requirement under SEC Rule 17a-11(c) for a broker-dealer to provide same-day notice to the SEC and FINRA if the firm fails to make and keep current any books and records required by SEC Rule 17a-3. If you are interested in participating in this  discussion and are not already a participant in the FIF electronic recordkeeping sub-group, please send a note to This email address is being protected from spambots. You need JavaScript enabled to view it..

FIF is excited to announce our year-end event will take place on the evening of Tuesday December 5, and it will be sponsored by Société Générale. Those who were at the last Société Générale event back in 2017 know what a great venue this is, and FIF is excited to partner with Société Générale once again. We are planning on running two panels, with the first focusing on technology, including trading infrastructure in the cloud. The second panel will focus on operational challenges of new regulations in 2024 and beyond. Please save the date on your calendars as December can get busy before...

FIF Securities Lending Transparency Working Group. Ignacio Sandoval of the Morgan Lewis law firm reviewed the SEC’s recent adoption of a rule to require Reporting of Securities Loans. FIF Rule 606 Working Group. The Rule 606 Working Group discussed issues and questions from FIF members, including the period for calculating the exemption from reporting venues that represent less than 5% of routing volume if 90% of routing volume is reported, Rule 606 reporting for the pass-through ofCAT fees, Rule 606 reporting for fractional shares, and links to exchange fee schedules. FIF TRACE Working...