On August 17, FIF submitted a comment letter on the SEC rule proposal to rescind the trade through rule and the Reg NMS provisions relating to locking and crossing of quotations. FIF would like to thank the members of the Equity Market Regulations Working Group for their contributions in the drafting of this comment letter.

The next call for the 24x7 Trading Working Group will be on Monday August 24 at 2 pm ET. The Working Group will discuss recent updates from the exchanges relating to order entry, testing and data feeds, the SEC approval of price band protections, expanded TRF operating hours, tracking open issues, and key  challenges faced by market participants for the December 6 live date.

The Front Office Committee will have its next call on Tuesday August 25 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 the Equity Market Regulations Working Group for Tuesday August 25 at 1 pm ET to continue the discussion of FINRA Regulatory Notice 26-15 on modernizing FINRA’s best execution guidance.

The Data & Technology Committee will have its next call on Wednesday August 26 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 a joint call for the CAT Transaction Reporting and CAT Reference Database Working Groups for Wednesday August 26 at 2 pm ET. The Working Groups will discuss a revised draft FIF letter to CAT LLC, FINRA and FINRA CAT relating to changes to reporting of the tradingSession field in connection with the planned expansion of exchange trading hours.

FIF has scheduled a joint call for the Rule 605 and 606 Working Groups for Monday August 31 at 2 pm ET. The Working Groups will discuss issues and questions from FIF members relating to the recently-implemented amendments to Rule 605.

Trade Through Rule. FIF hosted a call for the Equity Market Regulations Working Group to discuss final changes to the FIF comment letter on the SEC rule proposal to rescind the trade through rule and the Reg NMS provisions relating to locking and crossing of quotations. Best Execution. FIF hosted a call for the Equity Market Regulations Working Group to discuss FINRA Regulatory Notice 26-15 on modernizing FINRA’s best execution guidance. Counterparty Onboarding and Periodic Refresh; Supervisory Controls for Single Stock Futures. FIF hosted a call for the Compliance and Surveillance...

According to CoinDesk, Laser Digital became the first new entrant into Japan's crypto industry in four years after its local subsidiary secured registration as a crypto asset exchange service provider just as the country prepares to bring crypto under a financial-instruments framework. The firm will initially offer liquidity services to domestic virtual-asset service providers, the company said Friday. It plans to expand into digital-asset trading opportunities for institutional investors, though a launch date and the full scope of those services have not been announced. The firm...