December 17, 2013 - Front Office Meeting Agenda

Meeting Agenda

  • Limit Up-Limit Down
    • Dec 05, 2013: BATS Limit Up/Limit Down Update
    • Dec 04, 2013: Equity Trader Alert #2013 - 111 - Limit Up/Limit Down Plan Update; See also Equity Regulatory Alert #2013 - 13
    • Nov 15, 2013: SR-ISE-2013-59 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Address the Treatment of Certain Stop Orders During a Limit State or Straddle State
    • Limit Up-Limit Down Relevant Links
  • ADF Reactivation
    • Dec 11, 2013: SR-FINRA-2013-052 - Notice of Filing of a Proposed Rule Change Relating to Alternative Display Facility New Entrant
    • Dec 02, 2013: FINRA Announces ADF Participant
    • Dec 02, 2013: UTP Vendor Alert #2013 - 13 - FINRA Alternative Display Facility (ADF) Plans to Reactivate as UTP Participant in February 2014
    • Oct 30, 2013: SR-FINRA-2013-031 - Order Instituting Proceedings to Determine Whether to Approve or Disapprove Proposed Rule Change Relating to Participation on the Alternative Display Facility
  • Intended Market Notice
    • Dec 13, 2013: Equity Regulatory Alert #2013 - 11 - UPDATED 12/13/13: FINRA Introduces Intended Markets NASDAQ and FINRA/OTC as Matching Criteria for Trade Reports
  • Odd Lot / Stop Orders (Effective Date: December 9th)
    • Dec 12, 2013: SR-CHX-2013-21 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Permit the Reporting of Odd Lot Transactions for Inclusion on the Consolidated Tape and Clarify the Operation of the Market Order Type
    • Dec 09, 2013: NYSE Arca Odd Lot Executions Trade Reporting Issue
    • Dec 05, 2013: SR-NYSE-2013-78 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend its Price List to Specify the Exclusion of Odd Lot Transactions from Consolidated Average Daily Volume Calculations for a Limited Period of Time for Purposes of Certain Transaction Pricing on the Exchange Through January 31, 2014
    • Nov 22, 2013: SR-NYSE-2013-78 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Proposes to Amend its Price List to Specify the Exclusion of Odd Lot Transactions from Consolidated Average Daily Volume Calculations for a Limited Period of Time for Purposes of Certain Transaction Pricing on the Exchange
    • Nov 21, 2013: Equity Technical Update #2013 - 33 - Odd Lot Reporting to the Consolidated Tape and Revised Sale Conditions
    • Nov 19, 2013: Odd Lots to the Tape and Revised Sale Conditions - Update; See also NYSE Arca Notice
    • Nov 19, 2013: SR-NYSEMKT-2013-94 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Revising Rule 61(a)(iii) – Equities to Harmonize the Existing Rule Text With the Recent Amendment to the CTA Plan, and Concordant Change to The Nasdaq UTP Plan, Which Provides That Odd-Lot Transactions Are To Be Reported On The Consolidated Tape; See also SR-NYSE-2013-75
  • FINRA Wash Sale Proposal: 
    • Dec 03, 2013: SR-FINRA-2013-036 - Notice of Filing of Amendment No. 1 and Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change Relating to Wash Sale Transactions and FINRA Rule 5210 (Publication of Transactions and Quotations) 
    • See FIF and FINRA Comment Letters here
  • IIROC Updates
    • Dec 11, 2013: 13-0298 - Proposed Guidance Respecting the Expansion of Single-Stock Circuit Breakers
    • Dec 03, 2013: 13-0290 - Gatekeeper and Notice Requirements For Direct Electronic Access and Routing Arrangements
  • Open / Pending Issues
    • NYSE Account Type Indicator: Aug 23, 2013: Information Memo 13-17 - Account Type Indicator Phase-In Extended to February 3, 2014
    • FINRA OTC Trade Halts: ORF Announcements
    • ORF Migration
      • Dec 06, 2013: FINRA Board of Governors Meeting
      • Nov 11, 2013: Modified and New Specifications for Reporting OTC Equity Trades to New ORF Platform; See also Migration Date Set for Reporting OTC Equity Trades to New FINRA OTC Reporting Facility - Migration Date: April 28, 2014
    • FINRA Hybrid Securities Proposal: See Comments relating to FINRA Hybrid Securities Proposal here
  • FIF Working Group Updates 
    • Symbology WG
      • Dec 11, 2013: Equity Trader Alert #2013 - 115 - NASDAQ Expanded Suffix Symbology Update
      • Nov 19, 2013: FIF NASDAQ Expanded Symbology Matrix
      • Nov 15, 2013: FIF Comment Letter on NASDAQ Expanded Suffix Symbology
      • Nov 05, 2013: Equity Technical Update #2013 - 30 - Suffix Symbology Test Symbol Update
      • Oct 31, 2013: Frequently Asked Questions NASDAQ Expanded Suffix Symbology Plans
    • Large Trader / EBS WG - Sign up for Large Trader Reporting Working Group Alerts
      • Nov 01, 2013: Regulatory Notice 13-38 - FINRA and ISG Extend Effective Date for Certain Electronic Blue Sheet Data Elements
      • Oct 01, 2013: Exemptive Order Discussion
    • OATS WG
      • Nov 22, 2013: SR-FINRA-2013-050 - Notice of Filing of a Proposed Rule Change Relating to Over-the-Counter Equity Trade Reporting and OATS Reporting
      • Drafting FIF Comment Letter (Will attach draft when completed)
    • Consolidated Audit Trail WG - Sign up for CAT Working Group Alerts
      • Dec 06, 2013: 34-71018 - Order Granting a Temporary Exemption Pursuant to Section 36(a)(1) of the Securities Exchange Act of 1934 from the Filing Deadline Specified in Rule 613(a)(1) of the Exchange Act
      • Nov 15, 2013: 34-70892 - Notice of Filing of Proposed National Market System Plan Governing the Process of Selecting a Plan Processor and Developing a Plan for the Consolidated Audit Trail
      • Nov 07, 2013: Request for Temporary Exemption from SEC Rule 613(a)(l) of Regulation NMS under the Securities Exchange Act of 1934
      • FIF CAT Current Documents
      • CAT NMS Plan - RFP Process
    • Market Stability WG Sign up for FIF Market Stability/Reg SCI Working Group Alerts
      • Dec 12, 2013: SR-NYSE-2013-80 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Offer Risk Management Tools Designed to Allow Member Organizations to Monitor and Address Exposure to Risk
      • Nov 26, 2013: SR-NSCC-2013-12 - Notice of Filing of Proposed Rule Change to Provide Its Members with a Risk Management Tool that Would Enable Members to Monitor Trading Activity and Receive Notifications When Pre-Set Trading Limits are Reached
      • Nov 06, 2013: SR-NYSE-2013-54 - Notice of Filing of Amendment No. 1 and Order Granting Approval to Proposed Rule Changes, as Modified by Amendment No. 1, that Address the Exchanges’ Emergency Powers; See also SR-NYSEARCA-2013-77, SR-NYSEMKT-2013-66
      • Comment Letters on Reg SCI
  • FIF Monthly Reports
    • Sign up for Report Alerts
    • Initiatives Tracker
    • Milestones Tracker(Milestones Listed Below)
      • Feb 03, 2014: Information Memo 13-17 - Account Type Indicator Phase-In Extended to February 3, 2014 - Issued Aug 23, 2013
      • Feb 03, 2014: FINRA Announces ADF Participant - In accordance with its regulatory responsibilities pursuant to Regulation NMS, FINRA is issuing a 60-day pre-quotation notice to advise that the LavaFlow ECN (MPID: FLOW) will become an active quoting participant on FINRA's Alternative Display Facility (ADF). LavaFlow will begin quoting both UTP and CTA listed securities on or after Monday, February 3, 2014.
      • Feb 04, 2014: SR-NYSE-2013-05 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending NYSE Rule 80C, which Provides for Trading Pauses in Individual Securities Due to Extraordinary Market Volatility, Extending the Effective Date of the Pilot Until the Earlier of the Initial Date of Operations of the Regulation NMS Plan to Address Extraordinary Market Volatility or February 4, 2014
      • Feb 10, 2014: Equity Regulatory Alert #2013 - 11 - FINRA Introduces Intended Markets NASDAQ and FINRA/OTC as Matching Criteria for Trade Reports - Issued Dec 13, 2013
      • Feb 24, 2014: Equity Trader Alert #2013 - 111 - Limit Up/Limit Down Plan Update; See also Equity Regulatory Alert #2013 - 13
      • 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
      • May 01, 2014: Regulatory Notice 13-38 - FINRA and the other U.S. members of the Intermarket Surveillance Group (ISG members) have extended the effective date for compliance with certain new data elements for Electronic Blue Sheets (EBS) identified in Regulatory Notice 13-16 to May 1, 2014
      • Jul 14, 2014: Equity Trader Alert #2013 - 115 - Firms should make preparations to support the new symbology format by Monday, July 14, 2014 - Issued Dec 11, 2013
      • Jul 31, 2014: SR-NYSE-2013-48 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Extending the Pilot Period for the Exchange’s Retail Liquidity Program for An Additional 12 Months, to Expire on July 31, 2014
      • Sep 30, 2014: 34-71018 - Order Granting a Temporary Exemption Pursuant to Section 36(a)(1) of the Securities Exchange Act of 1934 from the Filing Deadline Specified in Rule 613(a)(1) of the Exchange Act
      • Nov 14, 2014: SR-FINRA-2013-049 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Extend the Tier Size Pilot of FINRA Rule 6433 (Minimum Quotation Size Requirements for OTC Equity Securities) 
      • Dec 15, 2014: SR-NYSEMKT-2013-83 - The Exchange proposes to amend Commentary .07 to Rule 904 to extend the time period of the SPY Pilot Program, which is currently scheduled to expire on October 15, 2013, through December 15, 2014.
      • 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
  • Additional Updates - Options
    • Dec 16, 2013: Options Trader Alert #2013 - 57 - NASDAQ OMX Announces Changes to the Penny Pilot Program, Effective January 3, 2014; See also SR-NASDAQ-2013-149
    • Dec 12, 2013: SR-BOX-2013-56 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Extend the Penny Pilot Program
    • Dec 12, 2013: Options Trader Alert #2013 - 56 - PHLX Enhances Complex Order Strategy Protection and ACE Parameter
    • Dec 06, 2013: SR-Phlx-2013-101 - Order Granting Approval of Proposed Rule Change Regarding the Short Term Options Program
    • Dec 04, 2013: SR-NYSEMKT-2013-96 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 925NY to Eliminate the Requirement that Market Makers Comply with the Bid-Ask Differential Requirements Specified in Rule 925NY(b)(4)(A)-(E) When Electronically Bidding and Offering on the Exchange System During the Opening Auction Process
    • Dec 04, 2013: SR-NASDAQ-2013-145 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Acceptable Trade Range
    • Dec 03, 2013: SR-NYSEArca-2013-130 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Commentary .06 to Rule 6.8 to Extend the Pilot Program that Eliminated the Position Limits for Options on SPDR S&P 500 ETF; See also SR-BOX-2013-53, SR-ISE-2013-62
    • Dec 02, 2013: Options Trader Alert #2013 - 55 - Pre-Market Post Only Behavior; See also Options Technical Update #2013 - 8 
    • Nov 22, 2013: SR-NASDAQ-2013-141 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to NOM Market Maker Penny Pilot Options Rebate to Add Liquidity
    • Nov 21, 2013: SR-NYSEArca-2013-42 - Notice of Withdrawal of Proposed Rule Change Amending NYSE Arca Rule 6.72 to Make the Penny Pilot Program for Options Permanent
  • Additional Updates - Equities
    • Dec 12, 2013: SR-NASDAQ-2013-151 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Delay Implementation of Recent Changes to Rule 4120(c)(7)(C)
    • Dec 03, 2013: SR-NYSE-2013-79 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rules 104 and 123C to Specify that Closings May be Effectuated Manually or Electronically
    • Dec 02, 2013: SR-BATS-2013-060 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Modify the Risk Monitoring Functionality Offered by the Exchange
    • Nov 27, 2013: SR-FINRA-2013-037 - Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, to Amend FINRA Rule 5131 (New Issue Allocations and Distributions)
    • Nov 27, 2013: SR- BATS-2013-056 - Order Approving a 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
    • Nov 27, 2013: SR-NYSE-2013-71 - Notice of Filing of Proposed Rule Change Amending NYSE MKT Rules 13 – Equities, 70.25 – Equities, 107C – Equities and 1000 – Equities to Adopt a New Order Type Called a Midpoint Passive Liquidity Order; See also SR-NYSEMKT-2013-84
    • Nov 26, 2013: SR-CHX-2013-20 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Adopt a Match Trade Prevention Modifier for Limit and Market Orders Submitted to the Exchange
    • Nov 21, 2013: SR-NASDAQ-2013-143 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend NASDAQ Rule 4120(c)(7)(C) to Modify the Parameters for Releasing Securities for Trading Upon the Termination of a Trading Halt
    • Nov 21, 2013: SR-NYSE-2013-72 - Notice of Filing of Proposed Rule Change to Establish an Institutional Liquidity Program on a One-Year Pilot Basis; See also SR-NYSEMKT-2013-91
    • Nov 19, 2013: SR-NASDAQ-2013-139 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Regarding Post-Only Orders Received Prior to the Opening
    • Nov 15, 2013: NYSE and NYSE MKT - Support of Multiple Drop Copy Distribution
    • Nov 05, 2013: SR-CBOE-2013-100 - Notice of Filing of a Proposed Rule Change Relating to CBSX Trading Permit Holder Eligibility
  • Next Meeting Date: Tuesday, January 21st, 2014 @ 4 PM ET