June 20, 2012 - FIF Front Office Meeting Agenda

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

Meeting Agenda

  • FINRA Updates (Racquel Russell, Brant Brown, FINRA)
    • Jun 6, 2012: SR-FINRA-2012-025 – Proposed Rule Change to Adopt FINRA Rule 5270 (Front Running of Block Transactions) in the Consolidated FINRA Rulebook
    • Jun 4, 2012: SR-FINRA-2011-058 – Proposed Rule Change to Amend FINRA Rule 6433 (Minimum Quotation Size Requirements for OTC Equity Securities)
    • May 31, 2012: SR-FINRA-2012-026 - Notice of Filing of Proposed Rule Change Relating to the Handling of Stop and Stop Limit Orders
  • Market-Wide Circuit Breakers
    • Jun 13, 2012: UTP Vendor Alert #2012-3 - UTP Message Format Release to Support Limit Up-Limit Down and Market Wide Circuit Breaker Proposals
    • Jun 6, 2012: NASDAQ ERA #2012-6 – Market-Wide Circuit Breaker Changes Approved by the SEC, Effective February 4, 2013
    • Jun 6, 2012: SR-FINRA-2011-054 – Approval of Rule Change to Update Rule 6121 (Trading Halts Due to Extraordinary Market Volatility) and Amend Rule 6440 (Trading and Quotation Halt in OTC Equity Securities)
    • Jun 1, 2012: Market-Wide Circuit Breaker Approval Order
  • NASDAQ Updates (Michael Blaugrund, NASDAQ)
    • May 24, 2012: SR-NASDAQ-2012-066 – Proposed Rule Change To Adopt A New Market Maker Peg Order To Provide Similar Functionality As The Automated Functionality Provided To Market Makers
  • Limit Up-Limit Down – Implementation Date: Feb 4, 2013
    • Next FIF Limit Up-Limit Down WG Meeting Date - Jun 27 @ 10:30 AM ET
    • Jun 13, 2012: UTP Vendor Alert #2012-3 - UTP Message Format Release to Support Limit Up-Limit Down and Market Wide Circuit Breaker Proposals
    • Jun 12, 2012: FIF Limit Up-Limit Down Summary
    • Jun 6, 2012: ERA #2012-7 – Limit Up-Limit Down Plan Approved by the SEC, Effective February 4, 2013
    • Jun 1, 2012: National Market System Plan Approval Order
  • Large Trader Reporting
    • FIF Large Trader Reporting – Current Documents
  • May 8, 2012: IIROC Short Sale Amendments
  • Additional Updates
    • Legal Entity Identifier (LEI)
      • FIF Meeting on LEI Update with DTCC, FIX Protocol and OFR - Jun 26 @ 11 AM ET
      • Jun 1, 2012: Milestone Reached for the Global Initiative to Establish a Legal Entity Identifier (LEI)
      • May 2, 2012: LEI TEST File Download now available
    • FINRA Updates
      • May 31, 2012: SR-FINRA-2012-024 - Notice of Filing of a Proposed Rule Change Relating to FINRA Rule 4210 Margin Requirements
      • FINRA Know Your Customer and Suitability
        • May 18, 2012: Regulatory Notice 12-25 – Additional Guidance on FINRA’s New Suitability Rule – Implementation Date: Jul 9, 2012
        • May 18, 2011: Regulatory Notice 11-25 – New Implementation Date for and Additional Guidance on the Consolidated FINRA Rules Governing Know-Your-Customer and Suitability Obligations
      • May 10, 2012: Trade Reporting FAQs Updated (Sections 309, 501, 502, Questions Q500.1, Q603.1, Q603.4 and Q603.5)
    • May 29, 2012: SR-2012-067 – Proposal to Update the NASDAQ Options Market Quote Mitigation Rule
    • NYSE Retail Order Program
      • May 4, 2012:  SR-NYSEAmex-2011-84, SR-NYSE-2011-55 - Notice of Designation of Longer Period for Commission Action on Proceedings to Determine Whether to Disapprove Proposed Rule Changes, as Modified by Amendments Nos. 1 and 2, Adopting NYSE Rule 107C to Establish a Retail Liquidity Program for NYSE-Listed Securities on a Pilot Basis Until 12 Months From Implementation Date, and Adopting NYSE Amex Rule 107C to Establish a Retail Liquidity Program for NYSE Amex Equities Traded Securities on a Pilot Basis Until 12 Months From Implementation Date – New date: Jul 6, 2012
    • Mini Options
      • Jun 1, 2012:  SR-ISE-2012-26 - Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change to List and Trade Option Contracts Overlying 10 Shares of a Security – Jul 23, 2012
      • May 21, 2012: SR-NYSEArca-2012-26,  - Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change to List and Trade Option Contracts Overlying 10 Shares of a Security (“Mini-Options Contracts”) and Implement Rule Text Necessary to Distinguish Mini-Options Contracts from Option Contracts Overlying 100 Shares of a Security (“Standard Contracts”) – New date: Jul 8, 2012
    • New Options Exchanges
      • Jun 1, 2012: NASDAQ OMX BX Options – Jun 29, 2012 (Pending SEC approval)
      • May 7, 2012: MIAX Options – Sep 2012 (Pending SEC approval)
    • Apr 17, 2012: New OPRA Binary Formats – Testing begins April 5th.  Production Date:  November 5, 2012
    • Consolidated Audit Trail
  • FIF Monthly Reports
    • Jun 2012 Initiatives Tracker – Sign up for Initiatives Tracking Report Alerts
    • Jun 2012 Milestones Tracker
    • FIF Market Share May 2012 Report – Sign up for Market Share Report Alerts
    • FIF Market Dynamics May 2012 Report – Sign up for Market Dynamics Report Alerts
  • Upcoming FIF Events
    • Jun 19, 2012: FIF Market Structure Lifecycle Event in NY Sponsored by Equinix
  • Next Meeting Date: Jul 17 @ 4 PM ET