FIF has scheduled the next call for the Short Sales / Reg SHO / Short Reporting Working Group for Thursday August 13 at 11 am ET. FIF members will provide an update on FIF member discussions with FINRA relating to the rule filing by FINRA to amend short interest reporting.

The CAT Monthly Update Working Group call for August will be on Thursday August 13 at 2 pm ET. The Working Group will review guidance and updates from CAT LLC 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.

FIF has scheduled a call for the Compliance and Surveillance Working Group for Monday August 17 at 1 pm ET. The Working Group will discuss creating a contact list (similar to the CAT Contact List) to assist broker-dealers with onboarding broker-dealer counterparties and conducting periodic refresh processes with broker-dealer counterparties. The Working Group will also discuss challenges with implementing supervisory controls for single stock futures.

Order Protection Rule. This past week FIF hosted two calls for the Equity Market Regulations Working Group to continue discussion of the SEC rule proposal to rescind SEC Rules 611 (Order protection rule) and 610(e) (Locking or crossing quotations). The Working Group discussed a revised draft comment letter, including sections on the following topics: the rulemaking process; best execution; the NBBO; automated and manual quotations; and exchange order types. Short Interest Reporting. FIF hosted a call for the Short Sales / Reg SHO / Short Reporting Working Group to provide an update on...

According to Markets Media, Cboe Global Markets, Inc., a leading global markets operator and pioneer in equity and index derivatives, announced that Cboe Clear Europe, its pan-European clearing house, plans to expand its Securities Financing Transactions (SFT) clearing service to include the lending of Fixed Income instruments beginning August 24 – a significant milestone in the firm’s strategy to bring the benefits of central clearing to the global securities lending market.

According to Markets Media, Miami International Holdings (MIAX), which operates regulated exchanges across multiple asset classes, launched its first group of Bloomberg index products in May this year as it aims to grow its financial futures suite. Thomas Gallagher, chairman and chief executive of MIAX, said on the second quarter results call on August 5th that the group was “thrilled” to launch its first Bloomberg index products. He said they were an important milestone that create the foundation for its financial futures ecosystem.

FIF has posted on our public website a Rule 605 Fact Sheet. The Rule 605 Fact Sheet provides information to the public to explain the new Rule 605 Summary Report. FIF has added a link to the Rule 605 Fact Sheet on the FIF homepage. FIF would like to thank Brent Arnold, Mark Davies and Sarah Phillips for drafting the Rule 605 Fact Sheet and creating the associated diagrams. FIF would also like to thank the other members of the Rule 605 Working Group for providing input on the Fact Sheet and the diagrams.

FIF has scheduled the next call for the Short Sales / Reg SHO / Short Reporting Working Group for Monday August 3 at 11 am ET. FIF members will provide an update on FIF member discussions with FINRA relating to the rule filing by FINRA to amend short interest reporting.

FIF has scheduled two calls for this week for the Equity Market Regulations Working Group to continue discussion of a draft FIF comment letter in response to the SEC rule proposal to rescind Rules 611 (the order protection rule) and 610(e) (locking or crossing quotations). The first call is scheduled for Monday August 3 at 1 pm ET; the second call is scheduled for Tuesday August 4 at 11 am ET.