At the request of an FIF member, FIF is creating a new Trump Accounts Working Group. This Working Group will provide a forum for FIF members to discuss technical and operational issues relating to the creation and maintenance of Trump Accounts, including the account transfer process. If you would like to participate in these discussions, 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 Back Office Committee will have its next call on Tuesday February 17 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month.

The next call for the Digital Asset Securities Working Group will be on Tuesday February 17 at 2 pm ET.  The Working Group will discuss the amended rule filing by Nasdaq relating to tokenized securities and the Statement of the SEC’s Division of Trading and Markets on the Custody of Crypto Asset Securities by Broker-Dealers. The Working Group will also continue its discussion of the recent Statement of the SEC’s Divisions of Corporation Finance, Investment Management and Trading and Markets on Tokenized Securities and issues and questions from FIF members relating to the DTCC...

The TRF/ORF Working Group will have its next call on Wednesday February 18 at 10 am ET. The Working Group will discuss survey responses from FIF members relating to SIP fractional shares and the vendor display rule.

FIF has scheduled a joint call for the CAT Transaction Reporting and CAIS Working Groups for Wednesday February 18 at 2 pm ET. The Working Groups will continue their discussion of proposals to reduce CAT operating costs.

FIF has scheduled a call for the Data & Technology Committee for Thursday February 19 at 11 am ET to continue the discussion of the upcoming dissemination of odd lot quotes by the SIPs, which is scheduled for production on April 27, 2026. 

The 24x7 Trading Working Group will have its next call on Thursday February 19 at 2 pm ET. The Working Group will continue its discussion of issues raised by FIF members relating to the planned expansion of exchange trading hours.

The Rule 605 Working Group will have its next call on Monday February 23 at 2 pm ET. The Working Group will continue its discussion of a draft letter to the SEC relating to implementation of the Rule 605 amendments, including reporting for different order types and orders with different characteristics.

The Data & Technology Committee will have its next call on Wednesday February 25 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 Joe Gostomski of SIAC, who will provide an update on OPRA Dynamic Rebalancing.