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Processing of NYSE Rule 18 Reimbursements

On Wednesday February 22 at 3 pm ET, FIF will host a call for firms to discuss the processing of NYSE Rule 18 reimbursements for the opening-auction system issues that occurred on January 24. The group will discuss whether firms are adjusting trade prices for customers, associated processing and trade reporting issues, cost basis for customers, and other issues that firms want to raise relating to the processing of these reimbursements. If you would like to participate in this discussion, please send a note to This email address is being protected from spambots. You need JavaScript enabled...

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SEC Rule Proposal on Disclosure of Order Execution Information

The next call for the Rule 605 Working Group will be on Thursday February 23 at 11 am ET. The Working Group will continue its discussion of the SEC’s recent rule proposal on Disclosure of Order Execution Information. FIF also has invited members of the Rule 606 Working Group for this call. If you are not a member of the Rule 605 Working Group and would like to participate on these calls, please update your FIF profile or contact This email address is being protected from spambots. You need JavaScript enabled to view it..

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OFR Proposal on Reporting for Bilateral Repos

FIF has scheduled a call for Thursday February 23 at 2 pm ET to review a revised draft of an FIF comment letter on a recent proposal by the Treasury Department’s Office of Financial Research to require daily reporting for non-centrally cleared bilateral repos. FIF has invited members of the new OFR Repo Reporting Working Group and the TRACE/Fixed Income Working Group to participate on this call. If you would like to join the OFR Repo Reporting Working Group, please update your FIF profile or contact This email address is being protected from spambots. You need JavaScript enabled to view it..

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Working Group Update 2/21/2023

SEC Order Competition Rule Proposal. Members of the Data and Technology Committee, the Front Office Committee and the Compliance and Surveillance Working Group continued their discussion of the SEC’s Order Competition Rule proposal, including auction priority rules, the need to ensure sufficient auction capacity before auctions are introduced in production, unsuccessful auctions, attribution of the originating broker, and requirements for the originating broker to maintain anonymity. FIF Rule 605 Working Group. The Rule 605 Working Group continued its discussion of the SEC’s recent...

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SEC Order Competition Rule Proposal

FIF has scheduled a call for Monday February 13 at 2 pm ET to continue the discussion of the SEC’s Order Competition Rule proposal. FIF has invited members of the Data and Technology Committee, the Front Office Committee and the Compliance and Surveillance Working Group to participate on this call. If you would like to participate on this call and are not a member of any of these groups, please update your FIF profile or contact This email address is being protected from spambots. You need JavaScript enabled to view it..

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SEC Rule Proposal on Disclosure of Order Execution Information

The next call for the Rule 605 Working Group will be on Tuesday February 14 at 2 pm ET. The Working Group will continue its discussion of the SEC’s recent rule proposal on Disclosure of Order Execution Information. FIF also has invited members of the Rule 606 Working Group for this call. If you are not a member of the Rule 605 Working Group and would like to participate on these calls, please update your FIF profile or contact This email address is being protected from spambots. You need JavaScript enabled to view it..

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Back Office Committee

The Back Office Committee will have its next call on Tuesday February 21 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month. The spotlight presenter will be Robert Cavallo and John Vinci of DTCC, who will discuss the T+1 testing framework published by DTCC.

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OFR Proposal on Reporting for Bilateral Repos

FIF has scheduled a call for Thursday February 23 at 11 am ET to review a revised draft of an FIF comment letter on a recent proposal by the Treasury Department’s Office of Financial Research to require daily reporting for non-centrally cleared bilateral repos. FIF has invited members of the new OFR Repo Reporting Working Group and the TRACE/Fixed Income Working Group to participate on this call. If you would like to join the OFR Repo Reporting Working Group, please update your FIF profile or contact This email address is being protected from spambots. You need JavaScript enabled to view it..

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SEC Rule Proposal on Minimum Pricing Increments, Access Fees and Transparency of Better Priced Orders

FIF has scheduled a call for Thursday February 23 at 2 pm ET to continue the discussion of the recent SEC rule proposal on Minimum Pricing Increments, Access Fees and Transparency of Better Priced Orders. FIF has invited members of the Data and Technology Committee, the Front Office Committee and the Compliance and Surveillance Working Group to participate on this call. If you would like to participate on this call and are not a member of any of these groups, please update your FIF profile or contact This email address is being protected from spambots. You need JavaScript enabled to view it..

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