FIF - FIF Front Office Committee

FIF Front Office Committee

The FIF Front Office Committee focuses on order management and trading system issues resulting from regulatory changes (FINRA, SROs, SEC) as well as exchange initiatives. As new issues arise, members of this committee are notified to determine their interest in joining an issue-oriented working group. This committee meets periodically to review front office issues and determine when a new issue working group should be formed.

Please see FIF Initiatives Tracking for a full list of initiatives that this committee follows.

Chairs: Irene Halpin, JP Morgan; Jess Haberman, Fidessa

Relevant Working Groups

Members of the Front Office Committee actively participate in the following working groups:

FIF/FPL Regulatory Reporting
This working group, comprised of FIF and FIX Protocol Ltd (FPL) members, works together in addressing transparency initiatives proposed by SEC and FINRA and promotes standardization in trade reporting.

Short Sale Implementation
This working group will discuss areas/resources impacted, implementation issues and areas requiring clarification from SEC, SROs and other SIPs concerning the SEC Short Sale rule.

Please see FIF Initiatives Tracking for a full list of initiatives that this committee follow

FIF Front Office Meeting Agendas

Meeting Materials/Minutes

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August 17, 2010 - FIF Front Office Meeting Agenda   [Posted: 2010-08-17]
Meeting Agenda including Short Sale, Consolidated Audit Trail and FINRA updates

July 20, 2010 - FIF Front Office Meeting Agenda   [Posted: 2010-07-20]
Meeting Agenda including updates from FINRA, Stock Circuit Breaker, Short Sale and Clearly Erroneous

June 15, 2010 - FIF Front Office Meeting Agenda   [Posted: 2010-06-15]
Meeting Agenda including updates on Large Trader Reporting System, Consolidated Audit Trail, Stock Circuit Breaker and Short Sale

Current Documents

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FIF Term Sheet on SEC Short Sale FAQ 2.4 and 2.5 [Posted: 2010-02-08]
FIF Request for Interpretive Relief With Respect to the Regulation SHO Aggregation and Marking Requirements

SEC Amendments to Short Sale - Excerpt [Posted: 2009-04-28]
Excerpts from the 273 page filing on Amendments to the Short Sale Rule published by the SEC on April 10, 2009.

Comment Letters

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Aug 12, 2010 - FIF Comment Letter to the SEC on Consolidated Audit Trail   [Posted: 2010-08-12]
FIF Letter to the SEC regarding the proposed Consolidated Audit Trail

Jul 26, 2010 - FIF Comment Letter to the SEC on Short Sale Exemptive Relief   [Posted: 2010-07-26]
FIF Letter to the SEC requesting exemptive relief for the facilitation of Customer or Dealer Sell Short Order as Riskless Principal when Firm's position is Net Long

Jul 21, 2010 - FIF Letter to SEC on Clearly Erroneous Executions   [Posted: 2010-07-21]
FIF Letter to the SEC regarding Exchanges and FINRA filings on Clearly Erroneous Executions

Jun 22, 2010 - FIF Letter to SEC on Large Trader Reporting System   [Posted: 2010-06-22]
FIF Letter to SEC regarding the proposed Large Trader Reporting System

Feb 24, 2010 - FIF Comment Letter to the SEC on Publication of Certain Aggregate Daily Trading Volume Data   [Posted: 2010-02-25]
FIF letter to the SEC regarding the use of a separate MPID for reporting the FINRA member firm's ATS dark pool transactions

Sep 23, 2009 - FIF Comment Letter II to the SEC on Short Sale   [Posted: 2009-09-24]
FIF Letter to the SEC offering feedback on proposed Short Sale Amendments

June 19, 2009 - FIF Letter to the SEC on Short Sale   [Posted: 2009-06-26]
FIF Letter to the SEC commenting on proposed Short Sale Amendments

April 24, 2009 - FIF Letter to FINRA and NYSE Euronext on NYSE Regulation Information Memo 09‐13 and FINRA Regulatory Notice 09‐15   [Posted: 2009-04-27]
FIF Letter to FINRA and NYSE Euronext Providing Feedback on NYSE Regulation Information Memo 09‐13 and FINRA Regulatory Notice 09‐15 Based on Input from FIF Members

February 19, 2009 - FIF Letter to SEC regarding SR–NASDAQ–2008–104   [Posted: 2009-03-23]
FIF Letter to the SEC regarding implementation issues associated with the NASDAQ sponsored access proposal

February 29, 2008 - FIF Letter to SEC regarding SR-FINRA-2007-12   [Posted: 2008-02-29]
FIF Letter to the SEC regarding the proposal to amend trade reporting rules to require related market center indicator on certain non-tape reports submitted to FINRA

Archive Documents

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January 20, 2009 - Front Office Meeting   [Posted: 2009-03-31]
Meeting materials for the Front Office WG Meeting. Attachment includes mockup of a Reg NMS Report Card

April 29, 2008 - Front Office Meeting   [Posted: 2008-04-28]
Meeting materials for the Front Office WG Meeting

February 26, 2008 - Front Office Meeting   [Posted: 2008-02-26]
Meeting materials for the Front Office WG Meeting

January 29, 2008 - Front Office / Trade Reporting WG Direction Setting Meeting   [Posted: 2008-01-28]
Meeting materials for Front Office / Trade Reporting WG Direction Setting Meeting

fifinfo@fif.com . 212 422 8568
Financial Information Forum. 5 Hanover Square New York, NY. 10004