The next meeting of the FIF Reg SHO Working Group will be Tuesday July 20 at 2 pm (ET). The Working Group will continue its review of FINRA Regulatory Notice 21-19, “Short Interest Position Reporting Enhancements and Other Changes Related to Short Sale Reporting”. The Working Group also will review the first draft of an FIF comment letter on the Regulatory Notice. All members of the FIF Reg SHO Working Group are included on the invite. To join the Reg SHO Working Group, update your profile, or contact This email address is being protected from spambots. You need JavaScript enabled to view...

On July 27 at 11 am ET, Professor James Angel of the Georgetown University McDonough School of Business will present to the FIF Front Office Committee his views on the recommendations for the SEC’s regulation of short selling published by Better Markets.

On July 16, 2021, FIF and the Chair of the FIF Rule 606 Working Group participated on a call with SEC staff to discuss requests for written guidance submitted by FIF relating to reporting of options routing, reporting of various ATS scenarios and the Rule 606 definition of customer. The SEC staff have requested that FIF submit in writing more specific scenarios relating to options routing where FIF members seek additional guidance. The next meeting of the FIF Rule 606 Working Group will be scheduled for the week of July 26.

The discussion is on the U.S. settlement cycle being shortened to T+1 and now is the time to understand the implications. You can learn more at our expert roundtable - Thursday, July 29, 2021, 11:00 a.m. ET. Session topics include the impacts to trade affirmation, settlement errors and fails, securities lending, corporate actions, and more. Click here to register for free today.

On July 16, 2021, FIF Members participated on a call with SEC staff to discuss Rule 605 for options. This call was requested by the SEC staff, who are considering the expansion of Rule 605 to cover options. The next meeting of the FIF Rule 605 Working Group will be scheduled for the week of August 2.

On July 16, 2021, FIF Members participated on a call with FINRA CAT personnel during which FINRA CAT personnel provided feedback on questions and comments previously submitted by FIF. FIF will review this feedback on the next CAT CAIS Working Group call, which is scheduled for Wednesday, July 21 at 11am ET.

FIF CAT Tech Specs Working Group. The CAT Tech Specs Working Group discussed issues and questions from FIF members relating to the new AVP allocationType for Phase 2d, the SLD handlingInstruction, and manual algo instruction scenarios. The Working Group continued its discussion of options error scenarios and reporting for partial cancels for Phase 2d, including a review of survey responses from FIF members relating to partial cancels. The Working Group reviewed responses from FINRA CAT to FIF member questions relating to options allocations, manual responses to options solicitations,...

JPMorgan Chase & Co's Securities Services division is setting up a new data business which will be led by Gerard Francis according to a story in Reuters news. The new Data Solutions business will bring together several projects already underway at the bank including post-trade analytics services and a new asset manager platform. The move comes as banks look to modernize systems and take better advantage of the vast amounts of data that they process and store. This includes offering more high quality analytics and data-based tools to their clients, such as investment firms and...

Jordan & Jordan, a leading veteran-owned FinTech company, announced the successful closing of two transactions to Broadridge and TRG, enabling the company to focus on its core businesses and to reinvest in developing opportunities in software and solutions. The company will continue to serve its diverse customer base and tackle new industry trends through its market data, technology, and association practices. The Market Data practice is focused on market data licensing support, consulting, audit management, and market data evaluation and optimization. J&J’s Technology practice...