October 22, 2013 - Front Office Meeting Agenda

Meeting Agenda

  • ATS Transparency (Stephanie Dumont and other FINRA representatives to join the call to discuss)
    • Sep 30, 2013: SR-FINRA-2013-042 - Proposed Rule to Require Alternative Trading Systems to Report Volume Information to FINRA and Use Unique Market Participant Identifiers; See SEC notice SR-FINRA-2013-042
  • Limit Up-Limit Down (NYSE & Nasdaq to discuss)
    • Sep 26, 2013: SR-NYSEMKT-2013-78 - Proposed Rule Change Extending the Pilot Program for Certain Clearly Erroneous Executions Under Rule 128 - Equities and Removing References to Individual Security Trading Pauses Contained in Rule 128(c)(4) - Equities; See also SR-FINRA-2013-041, SR-NSX-2013-19, SR-BX-2013-053, SR-NASDAQ-2013-127, SR-ISE-2013-49, SR-NYSE-2013-65, SR-CBOE-2013-091,  SR-BYX-2013-033, SR-EDGA-2013-28, SR-EDGX-2013-35, SR-BATS-2013-053, SR-CHX-2013-17
    • Sep 26, 2013: 34-70530 - Order Approving the Fifth Amendment to the National Market System Plan to Address Extraordinary Market Volatility
    • Advisory Committee Applications
    • Future LULD Amendments
    • NYSE/Nasdaq Closing Price Filings
    • Limit Up-Limit Down Relevant Links
  • FINRA Trade Reporting
    • Oct 07, 2013: Equity Regulatory Alert #2013 - 10 - FINRA Eliminates the Ability for ACT "Not Ready" Firms to Send Non-locked-in Trade Submissions for Clearing
    • Sep 24, 2013: SR-FINRA-2013-039 - Proposed Rule Change to Clarify the Classification and Reporting of Certain Securities to FINRA
  • FINRA Rule 2111 Suitability
    • Sep 25, 2013: Regulatory Notice 13-31 - FINRA Highlights Examination Approaches, Common Findings, and Effective Practices for Complying with its Suitability Rule
  • Odd Lot / New Modifiers
    • Oct 07, 2013: Data Technical News #2013 - 34 - FINRA to Disseminate Odd Lot Transactions for OTC Equity Securities on TDDS, Effective December 9, 2013; See also FINRA Revises Date to Begin Dissemination of Odd Lot Transactions
    • Oct 07, 2013: UTP Vendor Alert #2013 - 11 - UTP SIP to Postpone New Sale Condition Modifiers and Financial Status Indicator until December 9, 2013
    • Oct 04, 2013: Update 2 - New/Redefined CTS Sale Conditions and New CTS/CQS Financial Status Code/Value (The new release date will be December 9, 2013; October testing dates are cancelled)
    • Sep 17, 2013: SR-CTA-2013-05 - Notice of Filing of the Eighteenth Substantive Amendment to the Second Restatement of the CTA Plan
  • Open / Pending Issues
    • NYSE Account Type Indicator: Information Memo 13-17 - Account Type Indicator Phase-In Extended to February 3, 2014
    • FINRA Wash Sale Proposal: FIF Comment Letter on FINRA Wash Sale Proposal; See also SR-FINRA-2013-036
    • Oct 11, 2013: Migration Date Set for Reporting OTC Equity Trades to New FINRA OTC Reporting Facility - Migration Date: April 28, 2014
    • ADF Modification: SR-FINRA-2013-031 - Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change Relating to Participation on the Alternative Display Facility
  • SEC Market Structure Website
    • Data Visualizations
    • Research and Analysis
  • FINRA Rule 6433 (Minimum Quotation Size Requirements for OTC Equity Securities)
    • Sep 13, 2013: Tier Size Pilot Assessment
    • Nov 12, 2012: Regulatory Notice 12-51 - The revised end date of the pilot is November 12, 2013
  • OATS
    • Oct 17, 2013: OATS Technical Specifications - FINRA will begin publishing EDGA and EDGX Exchange Route Matching statistics to the OATS Production environment on December 2, 2013. These statistics will be available in the CT environment on November 11, 2013; See also FINRA OATS Report
  • Additional Updates
    • Oct 11, 2013: SR- BATS-2013-056 - Proposed Rule Change to Amend Rule 12.6 to Conform to FINRA Rule 5320 Relating to Trading Ahead of Customer Orders; See also SR- BYX-2013-036
    • Oct 09, 2013: SR-NYSEArca-2013-92 - Proposed Rule Change to Amend NYSE Arca Equities Rules 7.31, 7.32, 7.37, and 7.38 in Order to Comprehensively Update Rules Related to the Exchange’s Order Types and Modifiers
    • Oct 08, 2013: SR-EDGA-2013-29 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend EDGA Rules 3.2, 13.3, and Adopt Rule 12.14, Front Running of Block Transactions to Conform with the Rules of Other Self-Regulatory Organizations; See also SR-EDGX-2013-36
    • Oct 01, 2013: SR-NYSEMKT-2013-59 - Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change Relating to NDX and RUT Combination Orders
    • Sep 30, 2013:  SR-NASDAQ-2013-102 - Order Approving a Proposed Rule Change to Assume Operational Responsibility for Certain Surveillance Activity Currently Performed by FINRA under the Exchange's Authority and Supervision; See also SR-BX-2013-047
    • Sep 27, 2013: SR-BATS-2013-052 - Proposed Rule Change to Modify the Trading Halt Rule of BATS Options
    • Sep 26, 2013: SR-CBOE-2013-079 - Order Approving a Proposal to Amend Rule 24.7 to Add Factors for Determining Whether to Halt Volatility Index Options Trading
    • Sep 23, 2013: Equity Technical Update #2013 - 29 - Important Information Regarding the NASDAQ Technology Refresh 2013 Phase One
    • Sep 19, 2013: FINRA Issues Public Statement, Framework Regarding FINRA's Approach to Economic Impact Assessment for Proposed Rulemaking
  • FIF Working Group Updates 
    • Symbology WG
      • Sep 27, 2013: NASDAQ Expanded Symbology Concerns/Questions
      • Aug 27, 2013: Equity Trader Alert #2013 - 79 - Nasdaq Announces Expanded Symbology for Nasdaq-Listed Companies, Beginning January 2014
      • Next Meeting Date: Friday, Oct 25th, 2013 @ 11 AM ET
    • Large Trader WG - Sign up for Large Trader Reporting Working Group Alerts
      • Oct 01, 2013: Exemptive Order Discussion
      • Oct 01, 2013: Large Trader Phase 2 Implementation Timing Concerns Draft
      • August 29, 2013: FIF Large Trader FAQs Request
    • Consolidated Audit Trail WG - Sign up for CAT Working Group Alerts
      • Aug 26, 2013: Cover Letter to NMS Plan
      • CAT Selection Process NMS Plan
      • FIF CAT Current Documents
      • CAT NMS Plan - RFP Process
      • CAT Clock Drift Subgroup Next Meeting Date: Wednesday, Oct 23rd, 2013 @ 10 AM ET
    • Market Stability WG - Sign up for FIF Market Stability/Reg SCI Working Group Alerts
      • Sep 20, 2013: SR-NYSEMKT-2013-66 - Notice of Designation of a Longer Period for Commission Action of Proposed Rule Changes that Address the Exchanges' Emergency Powers; See also SR-NYSEArca-2013-77, SR-NYSE-2013-54
      • Comment Letters on Reg SCI
      • Rule 49 Amendment FAQ
      • Aug 29, 2013: FIF Comment Letter on Proposed NYSE Rule 49
  • FIF Monthly Reports
    • Sign up for Report Alerts
    • Initiatives Tracker
    • Milestones Tracker (Milestones Listed Below)
      • Nov 01, 2013: 34-70150 - Phase 2 of Order Temporarily Exempting Certain Broker-Dealers and Certain Transactions from the Recordkeeping and Reporting Requirements of Rule 13h-1 Under the Securities Exchange Act of 1934 - Issued Aug 08, 2013
      • Nov 04, 2013: Regulatory Notice 13-19 - SEC Approves Amendments to Require Firms to Report OTC Transactions in Equity Securities As Soon As Practicable, But No Later Than 10 Seconds Transactions, Following Execution - Issued May 23, 2013
      • Nov 04, 2013: Equity Regulatory Alert #2013 - 10 - FINRA Eliminates the Ability for ACT "Not Ready" Firms to Send Non-locked-in Trade Submissions for Clearing - Issued Oct 07, 2013
      • Nov 11, 2013: Equity Technical Update #2013 - 29 - Important Information Regarding the NASDAQ Technology Refresh 2013 Phase One. Phase One includes the customer migration of Drop ports only, beginning on or about November 11, 2013 - Issued Sep 23, 2013
      • Nov 11, 2013: OATS Technical Specifications - FINRA will begin publishing EDGA and EDGX Exchange Route Matching statistics to the OATS Production environment on December 2, 2013. These statistics will be available in the CT environment on November 11, 2013; See also FINRA OATS Report - Issued Oct 17, 2013
      • Dec 01, 2013: Deadline for Exchanges and FINRA to submit CAT Plan
      • Dec 02, 2013: OATS Technical Specifications - FINRA will begin publishing EDGA and EDGX Exchange Route Matching statistics to the OATS Production environment on December 2, 2013. These statistics will be available in the CT environment on November 11, 2013; See also FINRA OATS Report - Issued Oct 17, 2013
      • Dec 08, 2013: LULD Phase 2(b) Full Roll-Out Date
      • Dec 09, 2013: Update 2 - New/Redefined CTS Sale Conditions and New CTS/CQS Financial Status Code/Value (Postponing the October testing dates and the implementation which include Odd Lot trade reports to the consolidated tape) - Issued Oct 04, 2013
      • Dec 09, 2013: Data Technical News #2013 - 34 - FINRA to Disseminate Odd Lot Transactions for OTC Equity Securities on TDDS, Effective December 9, 2013 - Issued Oct 07, 2013
      • Dec 09, 2013: UTP Vendor Alert #2013 - 11 - UTP SIP to Postpone New Sale Condition Modifiers and Financial Status Indicator until December 9, 2013 - Issued Oct 07, 2013
      • Dec 13, 2013: RG13-111 - CBOE is planning to submit a rule change filing in the near future that will require all legs of a complex order strategy be included on a single order ticket to qualify for representation and execution as a complex order under applicable Exchange rules - Issued Aug 13, 2013
      • Jan 2014: Equity Trader Alert #2013 - 79 - Nasdaq Will Expand Symbology for Nasdaq-Listed Companies
      • Feb 03, 2014: Information Memo 13-17 - Account Type Indicator Phase-In Extended to February 3, 2014 - Issued Aug 23, 2013
      • Mid 1Q2014: Equity Technical Update #2013 - 29 - Important Information Regarding the NASDAQ Technology Refresh 2013 Phase One. Phase Two, which will include all OUCH and Flite ports, will begin mid-Q1, 2014 - Issued Sep 23, 2013
      • Mar 01, 2014: IIROC Notice 13-0184 - New Canadian DMA Rules: NI 23-103
      • April 28, 2014: Migration Date Set for Reporting OTC Equity Security Trades to New FINRA OTC Reporting Facility - Issued Oct 11, 2013
      • Nov 1, 2015: 34-70150 - Phase 3 of Order Temporarily Exempting Certain Broker-Dealers and Certain Transactions from the Recordkeeping and Reporting Requirements of Rule 13h-1 Under the Securities Exchange Act of 1934 - Issued Aug 08, 2013
    • Market Share Report
    • Market Dynamics Report
    • Market Share & Market Dynamics Executive Summary
  • Next Meeting Date: Tuesday, Nov 19th, 2013 @ 4 PM ET
  • Register Now: FIF Derivatives Event Hosted by CME Group - November 5, 2013 in Chicago, IL