At the request of MSRB staff, on December 20, 2022 FIF and the FIF TRACE Co-Chairs participated on a call with MSRB representatives to discuss the comment letter that FIF submitted in response to MSRB Notice 2022-07 (“Request for Comment on Transaction Reporting Obligations under MSRB Rule G-14”). FIF has scheduled a call for the TRACE/Fixed Income Working Group for Thursday January 5 at 3 pm ET to discuss the MSRB rule filing. FIF also has scheduled a follow-up call with the MSRB for January 10. 

FIF has scheduled an additional call for the TRACE/Fixed Income Working Group for Monday January 9 at 2 pm ET. The agenda for the call will be to review the first draft of a comment letter on FINRA Regulatory Notice 22-26 (“FINRA Requests Comment on Proposed Changes to TRACE Reporting Relating to Delayed Treasury Spot Trades”). Time permitting, the Working Group also will discuss FINRA Regulatory Notice 22-28 (“TRACE Reporting of Foreign Sovereign Debt Securities: FINRA Adopts Amendments to Require Reporting of Transactions in U.S. Dollar-Denominated Foreign Sovereign Debt Securities to TRACE”).

The next call for the Rule 605 Working Group will be on Tuesday January 10 at 2 pm ET. The agenda for the call will be to discuss the SEC’s recent rule proposal on Disclosure of Order Execution Information. For this call only, FIF also will invite members of the Rule 606 Working Group. If you are not a member of the Rule 605 Working Group and would like to participate on these calls, please update your FIF profile or contact fifinfo@fif.com.

FIF will schedule calls during the week of January 15 to discuss the recent SEC proposals on minimum pricing increments, access fees, transparency of better priced orders and order competition. FIF will announce the specific dates and times in the Weekly News for next week.

FIF would like to thank the FIF Committee and Working Group Chairs for all their contributions during the past year. The following FIF members served as FIF Committee or Working Group Chairs for all or part of 2022:

• ATS Working Group: Jim Dolan (Luminex)
• Back Office Committee: Susan Crozier (FIS); Doug Gifford (Broadridge)
• CAT CAIS: Mark Hendrickson (DA Davidson); Patricia Lahrheim (Pershing); Will Leahey (BetaNXT); Jacki VanMoer (Goldman Sachs)
• CAT Monthly Update Working Group: Chris Bok (OTC Markets)
• CAT Transaction Reporting: David Alazraki (Fidessa); Mitvin Shah (Societe Generale)
• Cybersecurity Working Group: Jim Dolan (Luminex)
• Data and Technology Committee: Rob Wallos (Kyndryl); Jeff Wells (Cboe)
• Front Office Committee: Viktor Grinberg (n-Tier fs); Michael Lurie (Credit Suisse)
• Rule 606 Working Group: Mark Davies (S3)
• Tax Information Reporting Working Group: Stevie Conlon, Anna Vayser, Robert Schwaba (Wolters Kluwer)
• TRACE/Fixed Income: Susan Crozier (FIS); Graf Douglas (Jane Street); Michael Khin (Credit Agricole)

FIF also would like to thank all members who participated on our Committee and Working Group calls, webinars, spotlight presentations, live events, and calls with regulators, all members who contributed towards our comment letters and other submissions to regulators, and all members who submitted questions, comments, agenda items and suggestions to us at fifinfo@fif.com. The FIF agenda is based on the input we receive from FIF members.