FIF OTC Options Reporting Working Group. The OTC Options Reporting Working Group continued its review of a draft FIF comment letter on FINRA Regulatory Notice 22-14, “OTC Options Reporting: FINRA Requests Comment on Proposed Trade Reporting Requirements for Over-The-Counter Options Transactions”. FIF Rule 606 Working Group. The Rule 606 Working Group discussed a proposal from an FIF member for Rule 606(a) reporting that would be an alternative to the current Rule 606(a) look-through reporting.  FIF TRACE Working Group. The TRACE Working Group reviewed recent feedback from FINRA on...

The next call for the FIF OTC Options Reporting Working Group will be on Monday August 22 at 11 am ET. The Working Group will continue its review of a draft FIF comment letter on FINRA Regulatory Notice 22-14, “OTC Options Reporting: FINRA Requests Comment on Proposed Trade Reporting Requirements for Over-The-Counter Options Transactions”. If you would like to be added to this Working Group, please update your profile or send a note to This email address is being protected from spambots. You need JavaScript enabled to view it..

The Front Office Committee will have its next call on Tuesday August 23 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges.

The FIF Rule 606 Working Group will have its next call on Tuesday August 23 at 3 pm ET to discuss Rule 606(a) reporting issues.  

The Data and Technology Committee will have its next call on Wednesday August 24 at 10 am ET to review capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets. The spotlight presenter will be John Owens of IPC, who will discuss Maximizing Infrastructure Performance for Rising Market Data Volumes.

The next call for the TRACE Working Group will be on Thursday August 25 at 10 am ET. The Working Group will review and discuss the recent SEC approval of FINRA’s rule filing to require TRACE reporting for trades in foreign sovereign bonds. The Working Group also will review the first draft of an FIF comment letter on FINRA Regulatory Notice 22-17 and MSRB Notice 2022-07, which propose to reduce to one minute the timeframe for reporting trades in corporate, agency and muni bonds.

On Thursday September 15 at 2 pm ET, representatives from the EY Tax Team will present on IRC 1446(f), withholding on dispositions of partnership interests. FIF will invite members of the Tax Information Reporting Working Group, the Front and Back Office Committees, and the Compliance Working Group to participate on this call.

FIF OTC Options Reporting Working Group. The OTC Options Reporting Working Group continued its review of the draft FIF comment letter on FINRA Regulatory Notice 22-14, “OTC Options Reporting: FINRA Requests Comment on Proposed Trade Reporting Requirements for Over-The-Counter Options Transactions”.    Back Office Committee. The Back Office Committee reviewed applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month. The spotlight presenter was Renuka Gupta of OASIS Pro Markets, who discussed The Potential for Blockchain in Settlement. Please find...

Austin, TX, August 18, 2022 – S3 today unveiled its Global Options Best Ex & TCA solution for firms looking to satisfy Best Execution obligations for options across all jurisdictions.  S3’s US Options Analytics tool is a well-known industry pioneer that is utilized by all the major players in the industry – now those same methodologies and metrics can be employed to evaluate options execution quality in all markets, including Canada, LATAM, EMEA, and APAC.  “We’ve consistently heard about the need for Canadian options analytics, so we took that a step further and went...