The CAT Monthly Update Working Group will meet on Thursday July 7 at 2 pm ET to review guidance and updates from the SROs and FINRA CAT on CAT transaction reporting and CAT CAIS reporting during the prior month. The Working Group also will review the current areas of focus for FIF members and the current open issues for CAT transaction reporting and CAT CAIS reporting.

On June 22, 2022, FINRA published Regulatory Notice 22-14, “OTC Options Reporting: FINRA Requests Comment on Proposed Trade Reporting Requirements for Over-The-Counter Options Transactions”. At the request of FIF members, FIF has scheduled a member call to discuss this Regulatory Notice. The call will be on Monday July 11 at 11 am ET. If you are interested in participating in member discussions on this topic, please send a note to This email address is being protected from spambots. You need JavaScript enabled to view it., and we will include you in these discussion.

FINRA is sponsoring an industry webinar on TRACE reporting by Covered Depository Institutions. The webinar will be on Tuesday July 12, 2022 at 2 pm ET. During the call, FINRA will address administrative requirements, technical setup and support, software testing, the project timeline, and other questions participants may have about the project. Registration is required and is available via this link.

The FIF Rule 606 Working Group will meet on Thursday July 14, 2022 at 2 pm ET to continue its discussion of Rule 606 reporting of held and not held orders and the SEC’s recent FAQ updates on Rule 606 reporting for fractional share orders. 

The next Front Office Committee call will be on Tuesday July 19, 2022 at 11 am. The spotlight presenter will be Patrick Dote of Imperative Execution, who will discuss Navigating Trading During Recent Market Volatility.

FIF has created a sub-group that is focused on FINRA rapid remediation for CAT. If you are interested in participating in these discussions, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..

This is a reminder that FIF Membership allots your firm an uncapped amount of users, so make sure to get your colleagues involved today. Simply direct them to https://www.fif.com/index.php/register where they can fill out the New User Registration Form. At the bottom of this form is a place for them to subscribe to working groups and committees, they can simply check off any they're interested in. If you have any questions, let us know at This email address is being protected from spambots. You need JavaScript enabled to view it.. 

FIF is pleased to welcome Provable Markets LLC to the FIF Community.

On June 24, 2022, FIF submitted a comment letter to the SEC on the rule filing by FINRA (SR-FINRA-2022-013) to require reporting of transactions in U.S. Treasuries as soon as practicable, but no later than one hour after execution, and to require that electronic executions in U.S. Treasuries be reported to TRACE using the same time increment as recorded by the execution system for the transaction. FIF would like to thank the members of the TRACE/Fixed Income Working Group for their contributions in the drafting of this comment letter.