FIF is pleased to welcome Velocity Clearing to the FIF Community

FIF is excited to announce our 2025 Year-End Holiday Event, hosted by Société Générale on December 4th from 3:00 pm to 7:30 pm ET. After opening remarks from Société Generale, there will be two panels. The panel topics and speakers will be announced soon. This is our most popular event of the year and registration fills up fast, so mark your calendars and plan to arrive early for the last FIF event of the year! FIF Members may register for free here. Non-members who are interested may apply by contacting the program office at This email address is being protected from spambots. You need...

On October 20, FIF submitted a letter to the SEC to request (i) written interpretive guidance that a routing firm is not required to report to CAT port settings applied by a receiving firm, or (ii) in the alternative, exemptive relief to the same effect. FIF would like to thank the members of the CAT Transaction Reporting Working Group for their contributions in the drafting of this letter.  

The next call for the Rule 605 Working Group will be on Monday October 27 at 2 pm ET. The Working Group will continue its discussion of open interpretive questions relating to implementation of the Rule 605 amendments, including reporting for different order types.

FIF is hosting a webinar on Best Execution for the Compliance and Surveillance Working Group. The webinar will be on Monday October 27 at 3 pm ET. The moderator will be Scott Trilling of Fidelity. The panelists will be Mark Davies of S3, Derek Lacarrubba of the K&L Gates law firm, and Ted Karn of The Karn Group. If you would like to submit any questions or topics for the webinar, please send them 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 October 28 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges.

FIF has scheduled a call for Tuesday October 28 at 3 pm ET to review a draft FIF letter to the SEC relating to the implementation date for the Reg NMS amendments relating to minimum pricing increments and access fee caps. FIF has invited the members of the Data and Technology Committee and the Equity Market Regulations Working Group to participate on this call.

The Data & Technology Committee will have its next call on Wednesday October 29 at 10 am ET to review capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets.

FIF has scheduled two calls this week for the SLATE Working Group: the first call will be on Wednesday October 29 at 11 am ET; the second call will be on Thursday October 30 at 11 am ET. The Working Group will continue its discussion of a letter to FINRA relating to SLATE implementation. The Working Group will also continue its discussion of next steps with the SEC.