Mar 20, 2012 - FIF Front Office Meeting Agenda

The agenda for the March Front Office Committee meeting is included below.

Meeting Details
  • When: Tuesday, March 20, 2012 @ 4 PM ET

Meeting Agenda

  • FIX Protocol Update (Brian Lees, Capital Group)
    • March 12, 2012: FPL Announcement – FPL Buy- and Sell-Side Representatives Create Best Practices Around Execution Venue Reporting (see attached)
  • Market Volatility
    • Excessive Messaging
      • Mar 7, 2012: ETA #13 - NASDAQ, BX and PSX Introduce Excessive Messaging Policy
      • Mar 7, 2012: Direct Edge Introduces Message Efficiency Incentive Program
    • Limit Up Limit Down
      • Feb 27, 2012: Extension of time for SEC Action – New Date: May 31, 2012 
  • FINRA Updates
    • Feb 08, 2012: 12-07 – FINRA Requests Comment on Proposed Amendments Relating to Reporting of OTC Trades Executed in a Mixed Capacity - Comments Due: Mar 26, 2012 (See attached FIF Letter Draft)
  • Large Trader Reporting
    • FIF Large Trader Reporting WG Update
  • Consolidated Audit Trail
    • Mar 2, 2012: FIF Letter to the SEC on Consolidated Audit Trail
  • NYSE Retail Order Program
    • Feb 24, 2012: SR-NYSEAmex-2011-84, SR-NYSE-2011-55 – Notice of Filing of Partial Amendment No. 2 to Proposed Rule Changes, As Modified By Amendment No. 1, Adopting New Rule 107C to Establish a Retail Liquidity Program on a Pilot Basis to Attract Additional Retail Order Flow to the Exchanges – Comment Deadline: Mar 22, 2012
    • Jan 03, 2012: NYSE Response to Comment Letters on New Retail Order Program
    • Dec 19, 2011: SR-NYSEAmex-2011-84, SR-NYSE-2011-55 – Notice of Designation of a Longer Period for Commission Action on Proposed Rule Changes Adopting New NYSE Rule 107C to Establish a Retail Liquidity Program on a Pilot Basis to Attract Additional Retail Order Flow to the Exchange for NYSE-listed Securities and New NYSE Amex Equities Rule 107C to Establish a Retail Liquidity Program on a Pilot Basis to Attract Additional Retail Order Flow to the Exchange for NYSE Amex Equities Traded Securities
    • Oct 25, 2011: NYSE and NYSE Amex Introduce New Retail Order Program
  • Additional Updates
    • Mar 12, 2012: NYSE Trader Update – Comparison Change to use ANON/8602 – See Post Trade Notification
    • Mar 2, 2012: Regulatory Notice 12-13 – SEC Approves Consolidated FINRA Best Execution Rule - Effective Date: May 31, 2012
    • Feb 22, 2012: ETU#2012-5 – NASDAQ ACT System Update to Support FINRA Rule - Effective Date: April 23, 2012
  • FIF Monthly Reports
    • Executive Summary – FIF Market Share and Market Dynamics – Feb 2012
    • FIF Market Share Feb 2012 Report – Sign up for Market Share Report Alerts
    • FIF Market Dynamics Feb 2012 Report – Sign up for Market Dynamics Report Alerts
  • Next Meeting Date: Apr 18 @ 4 PM ET