FIF Multi-Client Back Office
The FIF Multi-Client Back Office Committee focuses on the back office issues that service bureaus and clearing firms must address. This committee meets regularly to identify the implementation issues relating to exchange, utility and regulatory initiatives affecting order management and trade processing. Guest speakers from the various regulators and utilities often attend our meetings to provide updates and answer questions relating to their initiatives. When appropriate, this group writes comment letters aimed at highlighting open implementation issues and time frames required for successfully implementation.
Committee Chairs: Susan Crozier, SunGard Brokerage and Clearance Solutions; Bob Linville, Broadridge (SIS)
Relevant Working Groups
Members of the Multi-Client Back Office Committee actively participate in the following working groups:Symbology
This working group reviews the implementation impact of symbology initiatives and makes recommendations on implementation. Nasdaq and OCC symbology initiatives are the focus of this group.
Cost Basis
This working group will address implementation issues associated with the new cost basis requirements as laid out in the Economic Recovery Plan (Section 403 of the Act) passed on October 3, 2008.
Please see FIF Initiatives Tracking for a full list of initiatives that this committee follows.
FIF Multi-Client Back Office Meeting Agendas
Meeting Materials/Minutes
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August 10, 2010 - FIF Multi-Client Back Office Meeting Agenda [Posted: 2010-08-10]
Meeting Agenda including DTCC updates on Cost Basis, Universal Trade Capture, Corporate Actions Re-engineering and Symbology
July 13, 2010 - FIF Multi-Client Back Office Meeting Agenda [Posted: 2010-07-13]
Meeting Agenda including updates from FINRA on recent TRACE enhancements, DTCC updates on Universal Trade Capture, Cost Basis, Consolidated Audit Trail, Corporate Actions and Large Trader Reporting System
June 15, 2010 - FIF Multi-Client Back Office Meeting Agenda [Posted: 2010-06-15]
Meeting Agenda including updates on Cost Basis, Large Trader Reporting System, Consolidated Audit Trail and DTCC Obligation Warehouse
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
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
Nov 04, 2009 - FIF Letter to FINRA on Regulatory Notice 09-53 [Posted: 2009-11-06]
FIF Letter to FINRA regarding FINRA Regulatory Notice 09-53, Increased Margin Requirements for Leveraged ETFs and Associated Uncovered Options
July 24, 2009 - FIF LOPR Comment Letter [Posted: 2009-08-06]
FIF letter to ISG on LOPR addressing the implementing issues of dual submission
May 07, 2009 - FIF Letter to SEC regarding SR–FINRA–2009–010 [Posted: 2009-05-11]
FIF Letter to the SEC regarding FINRA TRACE Expansion
December 03, 2007 - FIF Letter to SEC regarding Rule 2231 [Posted: 2007-12-03]
FIF Letter to the SEC regarding NASD’s proposed Rule 2231 to add additional information to non-institutional customer confirmations for trades in TRACE-eligible securities.
March 24, 2007 - FIF Input to SIFMA Memo on NYSE Rule 409(f) [Posted: 2007-03-25]
FIF input on impact of away market indicators on complying with NYSE Rule 409(f)
NASD Corporate Debt Comment Letter [Posted: 2005-04-27]
FIF Letter to the NASD regarding proposed rules to enhance confirmation disclosure in Corporate Debt Securities.
Archive Documents
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December 9, 2008 - DTCC Strategic Initiatives Presentation [Posted: 2008-12-12]
Meeting materials for DTCC's Strategic Initiatives Presentation.
February 7, 2007 - FIF Call with NASD on OATS for OTC [Posted: 2007-02-07]
Meeting materials for discussion with NASD on OATS to OTC. Feedback led to changes in the scope of OATS for OTC.
July 6, 2006 - SingleBook Implementation Issues Discussion Document [Posted: 2006-07-12]
Combined market data and service bureau letter reviewed with Nasdaq to clarify SingleBook Implementation Issues.
June 13, 2006 - FIF Service Bureau Meeting Notes [Posted: 2006-07-11]
June Service Bureau Meeting Notes - see file for full list of issues covered.
May 9, 2006 - FIF Service Bureau Meeting Notes [Posted: 2006-06-15]
May Service Bureau Meeting Notes - see file for full list of issues covered.
April 2006 - DTCC RECAPS Rewrite Presentation [Posted: 2006-05-24]
April update of DTCC RECAPS re-write
March 14, 2006 - FIF Service Bureau Meeting Notes [Posted: 2006-03-28]
Topics covered include: NASD OATS Phase 3, NSCC Notice A6208 - NSCC Modifies its Trade Submission Practices and Revises Its Clearing Fees, Nasdaq Symbology Changes, OCC Symbology Changes, Reg NMS and updates on issues being monitored.
February 14, 2006 - Service Bureau Meeting Minutes [Posted: 2006-02-27]
Topics discussed include Options Clearing Corp. Symbology, NASD/RTTM TRACE, Regulation NMS, NASD OATS Phase 3, DTCC Underwriting Reengineering Initiative, Issues to Monitor (NASD Rule 2231, SIA BCP Test)
January 10, 2006 - Service Bureau Meeting Minutes [Posted: 2006-02-01]
DTCC Underwriting Reengineering Initiative; NASD OATS Phase 3, NASD Regulatory Filing Application, NASD/RTTM TRACE, Regulation NMS, NASD Rule 2231, Nasdaq Exchange Filing, Service Bureau Participation in SIA BCP Test ? October 14, 2006
January 10, 2006 - Service Bureau Meeting Materials [Posted: 2006-01-10]
Presentation on DTCC's Underwriting Reengineering Initiative presented by Peter Inguanta, Director, Product Marketing and Development
Financial Information Forum. 5 Hanover Square New York, NY. 10004