January 27, 2014 - Front Office Meeting Agenda

Meeting Agenda

  • Limit Up-Limit Down (BATS, Nasdaq, and NYSE to provide updates)
    • Jan 23, 2014: Summary of the Functionality of the NYSE, NYSE MKT, and NYSE Arca Closing Auctions when an LULD Trading Pause Occurs within the Last 10 Minutes of the Trading Day
    • Jan 23, 2014: NYSE, NYSE MKT and NYSE ARCA Participation in LULD Phase 2b Industry Testing; See also Markets Operations Update
    • Jan 16, 2014: Updated BATS Limit Up/Limit Down FAQ
    • Jan 15, 2014: Amendment No. 1 to SR-BATS-2013-066; See also SR-BATS-2013-066 Notice
    • Jan 13, 2014: Equity Trader Alert #2014 - 3 - Limit Up/Limit Down Update and Testing Details
    • Jan 08, 2014: SR-NASDAQ-2014-004 - Notice of Filing of a Proposed Rule Change by The NASDAQ Stock Market LLC Proposes to Amend Exchange Rule 4754 Governing the NASDAQ Closing Cross (“Cross”)
    • Jan 07, 2014: 4-631 - Amendment #6 of National Market System Plan to Address Extraordinary Market Volatility
    • Dec 31, 2013: Equity Trader Alert #2013 - 124 - Limit Up/Limit Down Exchange Traded Product Tier 1 List Update
  • NYSE Updates
    • Aug 23, 2013: Information Memo 13-17 - Account Type Indicator Phase-In Extended to February 3, 2014
  • FINRA Updates
    • ADF Reactivation
      • Jan 22, 2014: SR-FINRA-2013-031 - Proposed Rule Change Relating to Participation on the Alternative Display Facility - Response to Additional Comment
      • Jan 08, 2014: SR-FINRA-2013-054 - Proposed Rule Change Relating to Capacity Management Plan
      • Jan 02, 2014: SR-FINRA-2013-053 - Proposed Rule Change to Update the Rules Governing the Alternative Display Facility
      • 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 - LavaFlow will begin quoting both UTP and CTA listed securities on or after Monday, February 3, 2014
    • FINRA Wash Sale Proposal 
      • Dec 23, 2013: FIF Comment Letter II on FINRA Wash Sale Proposal. See all Comment Letters here.
      • 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) 
    • FINRA Hybrid Securities Proposal
      • Dec 24, 2013: SR-FINRA-2013-039 - Order Instituting Proceedings to Determine Whether to Disapprove Proposed Rule Change to Clarify the Classification and Reporting of Certain Securities to FINRA
      • See Comments relating to FINRA Hybrid Securities Proposal here
    • FINRA CARDS
      • Dec 23, 2013: Regulatory Notice 13-42 - FINRA Requests Comment on a Concept Proposal to Develop the Comprehensive Automated Risk Data System - Comment Period Ends February 21, 2014
      • Next Meeting Date to Discuss FIF Comment Letter: Friday, January 31st, 2014 @ 11 AM ET
    • ATS Transparency
      • Jan 17, 2014: SR-FINRA-2013-042 - Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, to Require Alternative Trading Systems to Report Volume Information to FINRA and Use Unique Market Participant Identifiers
      • See Comment Letters here
    • FINRA Trade Reporting
      • Updates to FINRA Trade Reporting FAQs - Section 102 and Section 604
    • OATS WG
      • Jan 09, 2014: SR-FINRA-2013-050 - Notice of Designation of Longer Period for Commission Action on Proposed Rule Change Relating to Over-the-Counter Equity Trade Reporting and OATS Reporting - Action Expected by Feb 27, 2014
      • Dec 23, 2013: FIF Comment Letter on SR-FINRA-2013-050 OATS Trade Reporting
      • 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
    • ORF Migration
      • Jan 21, 2014: Revised Migration Date for New OTC Reporting Facility Technology Platform - Firms will begin reporting trades to the ORF on the new platform on Monday, June 2, 2014
      • FINRA Call Rescheduled for February 5th, 2014 from 2:00 PM - 3:30 PM ET
    • Additional FINRA Updates
      • Jan 17, 2014: SR-FINRA-2014-002 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Adopt FINRA Rule 7640A (Data Products Offered By Nasdaq)
      • Jan 10, 2014: SR-FINRA-2014-001 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Extend the Expiration Date of FINRA Rule 0180 (Application of Rules to Security-Based Swaps)
      • Jan 09, 2014: SR-FINRA-2014-003 - Proposed Rule Change to amend FINRA’s Corporate Financing Rules to Simplify and Refine the Scope of the Rules
      • Dec 23, 2013: Regulatory Notice 13-44 - FINRA Announces Updates of the Interpretations of Financial and Operational Rules
    • Jan 02, 2014: FINRA 2014 Regulatory and Examination Priorities Letter; See also SEC National Examination Program Examination Priorities for 2014
  • FIF Working Group Updates 
    • Symbology WG
      • Dec 11, 2013: Equity Trader Alert #2013 - 115 - NASDAQ Expanded Suffix Symbology Update
      • Dec 11, 2013: UPDATED NASDAQ Expanded Suffix Symbology Plans
      • Nov 15, 2013: FIF Comment Letter on NASDAQ Expanded Suffix Symbology
    • Large Trader / EBS WG - Sign up for Large Trader Reporting Working Group Alerts
    • Consolidated Audit Trail WG - Sign up for CAT Working Group Alerts
      • Jan 24, 2014: FIF Comment Letter II on CAT Selection Process NMS Plan
      • Dec 23, 2013: FIF Comment Letter on CAT Selection Process NMS Plan
      • 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
      • FIF CAT Current Documents
      • CAT NMS Plan - RFP Process
    • Market Stability WG Sign up for FIF Market Stability/Reg SCI Working Group Alerts
      • Jan 07, 2014: SR-NYSEMKT-2013-106 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending NYSE Rule 928NY to Expand the Scope of the Existing Risk Limitation Mechanism to Address Multiple, Successive Triggers of the Risk Limitation Mechanism; See also SR-NYSEArca-2013-148
      • Dec 23, 2013: FIF Comment Letter on DTCC Limit Monitoring
      • Dec 20, 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
      • 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
      • 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
      • Jun 02, 2014: Revised Migration Date for New OTC Reporting Facility Technology Platform - Firms will begin reporting trades to the ORF on the new platform on Monday, June 2, 2014 - Issued Jan 21, 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
    • Jan 17, 2014: SR-BOX-2014-02 - Notice of Filing of Proposed Rule Change to Amend BOX Rule 8130
    • Jan 17, 2014: SR-BOX-2014-03 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to add Rule 7280 (Bulk Cancellation of Trading Interest)
    • Jan 17, 2014: SR-BOX-2014-04 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Add Rule 7290 (Price Protection for Limit Orders)
    • Jan 17, 2014: SR-CBOE-2014-002 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to the Exchange’s Quote Risk Monitor Mechanism
    • Jan 16, 2014: SR-BATS-2014-003 - Notice of Filing of a Proposed Rule Change, as Modified by Amendment No. 1 Thereto, to Modify the BATS Options Opening Process
    • Jan 02, 2014: SR-NYSEMKT-2013-86 - Notice of Filing of Amendment No. 2 and Order Granting Accelerated Approval of Proposed Rule Change, as Modified by Amendment Nos. 1 and 2 Thereto, to Adopt Commentary .03 to Rule 980NY to Limit the Volume of Complex Orders by a Single ATP Holder During the Trading Day; See also SR-NYSEArca-2013-115
    • Dec 26, 2013: SR-BOX-2013-60 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to the Short Term Options Program; See also IC14-001 
    • Dec 20, 2013: Options Technical Update #2013 - 9 - Specification Updates Related to Acceptable Trade Range; See also Options Trader Alert #2013 - 58
    • Dec 20, 2013: SR-BX-2013-064 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Modify the Definition of “System Securities” in BX Rule 4751(b)
    • Dec 20, 2013: SR-BATS-2013-066 - Notice of Filing of a Proposed Rule Change to Adopt Rules to Hold a Volatility Closing Auction
    • Dec 19, 2013: SR-BOX-2013-43 - Notice of Filing of Amendment Nos. 1 and 2 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment Nos. 1 and 2, to Permit Complex Orders to Participate in Price Improvement Periods
    • Dec 18, 2013: SR-BATS-2013-062 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Modify BATS Options Market Maker Continuous Quoting Obligation Rules 
    • Dec 17, 2013: SR-BX-2013-061 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to Extension of the Exchange’s Penny Pilot Program
  • Additional Updates - Equities
    • Jan 24, 2014: SR-NYSEArca-2014-07 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Updating the Description of the Data Included in the ArcaBook Equities Data Feed
    • Jan 24, 2014: SR-NYSE-2014-04 - Notice of Filing of Proposed Rule Change Relating to a Corporate Action in which Its Indirect Parent, NYSE Euronext Holdings LLC, Will Become a Wholly Owned Subsidiary of IntercontinentalExchange, Inc.; See SR-NYSEArca-2014-08
    • Jan 23, 2014: SR-BATS-2013-059 - Order Granting Approval of Proposed Rule Change in Connection With the Proposed Business Combination Involving BATS Global Markets, Inc. and Direct Edge Holdings LLC
    • Jan 22, 2014: SR-NYSEArca-2014-01 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending NYSE Arca Equities Rule 7.31 to Add a Minimum Execution Size Designation for Tracking Orders and MPL-IOC Orders
    • Jan 21, 2014: SR-NYSEMKT-2014-01 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending NYSE MKT Rule 500 - Equities to Extend the Operation of the Pilot Program that Allows Nasdaq Stock Market Securities to be Traded on the Exchange Pursuant to a Grant of Unlisted Trading Privileges Until the Earlier of a Permanent Approval or July 31, 2014
    • Jan 21, 2014: SR-NYSE-2014-03 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Proposing to Extend the Operation of its Supplemental Liquidity Providers Pilot, Currently Scheduled to Expire on January 31, 2014, Until the Earlier of the Securities and Exchange Commission’s Approval to Make Such Pilot Permanent or July 31, 2014; See also SR-NYSEMKT-2014-03
    • Jan 21, 2014: SR-NYSE-2014-02 - Notice of Filing of Proposed Rule Change Amending Supplementary Material .20 to Rule 103 Which Sets Forth Net Liquid Assets Requirements for Member Organizations that Operate as Designated Market Maker Units; See also Information Memo 14-2
    • Jan 17, 2014: SR-NYSE-2014-01 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Proposing to Extend the Operation of its New Market Model Pilot Until the Earlier of Securities and Exchange Commission Approval to Make Such Pilot Permanent or July 31, 2014; See also SR-NYSEMKT-2014-02
    • Jan 16, 2014: SR-NYSEArca-2013-92 - Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of Proposed Rule Change, as Modified by Amendment No. 1, 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; See also SR-NYSEMKT-2014-05
    • Jan 07, 2014: SR-NYSE-2013-84 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending NYSE Rule 123C(7)(b) to Provide that G Orders with A Price Equal to the Closing Price Are the Last Interest Eligible To Be Used to Offset A Closing Imbalance; See also SR-NYSEMKT-2013-107 
    • Jan 07, 2014: SR-BYX-2014-001 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Extend the Pilot Period for the Retail Price Improvement Program
    • Jan 03, 2014: Financial Products News #2014 - 3 - NASDAQ OMX Announces Launch of Two New Indexes Effective Monday, January 13, 2014
    • Dec 31, 2013: SR-CHX-2013-23 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Provide that the Match Trade Prevention Modifier is Not Compatible With the Fill or Kill Modifier
    • Dec 31, 2013: SR-CME-2013-24 - Order Approving Proposed Rule Change Regarding the Designation of a Primary Backup Data Center
    • Dec 31, 2013: SR-CME-2013-37 -  Notice of Filing and Order Granting Accelerated Approval of Proposed Rule Changes to Amend CME Rule 971.C
    • Dec 30, 2013: Equity Trader Alert #2013 - 123 - NASDAQ OMX Announces 2014 Enhancements and Fee Changes for the NASDAQ Workstation and Weblink ACT
    • Dec 23, 2013: SR-NYSE-2013-21 - Order Approving Proposed Rule Changes Amending NYSE Rule 104 and NYSE MKT Rule 104 – Equities, Each as Modified by an Amendment No. 1, to Codify Certain Traditional Trading Floor Functions that May Be Performed by Designated Market Makers, to Make Exchange Systems Available to DMMs that Would Provide DMMs with Certain Market Information, to Amend the Exchanges’ Rules Governing the Ability of DMMs to Provide Market Information to Floor Brokers, and to Make Conforming Amendments to Other Rules
  • Next Meeting Date: Tuesday, February 18th, 2014 @ 4 PM ET