FIF has scheduled two joint calls for the CAT Transaction Reporting and CAIS Working Groups for this week. The first call will be on Monday February 2 at 1 pm ET; the second call will be on Wednesday February 4 at 2 pm ET. The Working Groups will discuss a revised draft FIF comment letter in response to the rule filing by CAT LLC to reduce CAT operating costs.
Digital Asset Securities Working Group
The next call for the Digital Asset Securities Working Group will be on Tuesday February 3 at 2 pm ET. James Dowd, the CEO of North Capital, will discuss the recent collaboration between North Capital and tZero to integrate their respective ATSs. Shawn Sloves, the CEO of Fundamental Interactions, will discuss the proposed Digital Asset Market Clarity Act. Time permitting, the Working Group will also discuss the SEC’s recent FAQs relating to ATSs trading crypto asset securities, the recent Statement of the SEC’s Division of Trading and Markets on the Custody of Crypto Asset Securities...
SIP Odd Lots
FIF has scheduled a call for the Data and Technology Committee for Wednesday February 4 at 11 am ET to discuss the upcoming dissemination of odd lot quotes by the SIPs, which is scheduled for production on May 1.
24x7 Trading Working Group
The 24x7 Trading Working Group will have its next call on Thursday February 5 at 11 am ET. The Working Group will discuss a draft list of issues raised by FIF members relating to the planned expansion of exchange trading hours.
CAT Monthly Update Working Group
The CAT Monthly Update Working Group call for February will be on Thursday February 5 at 2 pm ET. The Working Group will review guidance and updates from the CAT Plan Participants and FINRA CAT during the prior month. The Working Group will also review the current areas of focus for FIF members and the current open issues relating to CAT reporting.
Rule 605 Working Group
The Rule 605 Working Group will have its next call on Tuesday February 10 at 11 am 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.
Expansion of TRF Operating Hours
The next call for the TRF/ORF Working Group will be on Tuesday February 10 at 1 pm ET. The Working Group will discuss a draft FIF letter to FINRA relating to the planned expansion of TRF operating hours.
Working Group Updates 2/2/2026
24x7 Trading Working Group. The 24x7 Trading Working Group discussed the recent Nasdaq rule filing for extended trading hours. The Working Group agreed that FIF would prepare a list of issues and questions raised by FIF members relating to extended hours trading for discussion during the next Working Group call.
TRF Extended Hours. The TRF/ORF Working Group discussed feedback from a recent call with FINRA in response to questions previously raised by FIF relating to the expansion of TRF operating hours. The Working Group discussed current challenges with the FINRA price out of range...
Marex Launches Multi-Asset Derivatives Execution Desk
Marex Group, a diversified global financial services platform, announced the launch of a new Multi-Asset Derivatives Execution desk. Led by Marex’s Head of Listed Rates Execution, Chris Stone and a dedicated team of high and low touch traders and analysts, the desk delivers hybrid coverage across rates, commodities and equities coupled with proprietary market analysis and execution advisory services. Marex’s Multi-Asset Derivatives Execution desk addresses a gap in the market where clients leveraging low touch, algorithmic execution strategies still require access to market...