May 20, 2014 - Front Office Meeting Agenda

Meeting Agenda

  • OCIE Cybersecurity Initiative Overview: John Polise - Associate Director (Market Oversight)
    • Apr 15, 2014: OCIE Cybersecurity Initiative
  • FINRA Updates
    • FINRA CARDS
      • May 19, 2014: Rick Ketchum's Speech at FINRA Annual Conference
      • See Regulatory Notice 13-42 and Comment Letters here 
    • FINRA Hybrid Securities
      • May 16, 2014: Regulatory Notice 14-23 - FINRA Issues an Interpretation to Clarify the Classification and Trade Reporting of Certain “Hybrid” Securities to FINRA - Effective Date: June 16, 2014
    • FINRA Self-Trading 
      • May 01, 2014: SR-FINRA-2013-036 - Order Approving Proposed Rule Change, as Modified by Amendment No. 1, Relating to Self-Trades and FINRA Rule 5210 (Publication of Transactions and Quotations)
    • ATS Transparency
      • May 16, 2014: ATS Data Website - Beginning Monday, June 2, 2014, FINRA will make ATS Transparency Data available on its website at https://ats.finra.org; See also ATS Web User Guide
      • Alternative Trading System Transparency Page - SEC Approves New Requirements for Alternative Trading Systems - The ATS reporting requirement will be implemented beginning May 12, 2014. The first ATS reports for the week of May 12 through May 16, 2014, will then be due by May 28, 2014. Each ATS must begin reporting order and trade information to FINRA using a unique MPID by November 10, 2014; See also February 14th Regulatory Notice 14-07
      • Apr 15, 2014: SR-FINRA-2014-018 - Proposed Rule Change to Adopt FINRA Rule 4553 to Establish a Fee Schedule for Access to Alternative Trading System Volume Information Published on FINRA’s Website; See Comment Letters here
    • OATS/Trade Reporting WG
      • May 15, 2014: Regulatory Notice 14-21 - SEC Approves Amendments to Equity Trade Reporting and OATS Rules - Effective Dates: OATS: April 7, 2014; ORF: September 15, 2014; ADF and TRFs: (millisecond reporting): September 29, 2014; ADF and TRFs (remaining amendments): First Quarter 2015 - (Responding to FIF Delay Request)
      • May 12, 2014: SR-FINRA-2014-024 - Proposed Rule Change Relating to the Definition of “Reporting Member” in the Order Audit Trail System Rules
      • May 09, 2014: OATS Reporting Technical Specifications
      • Apr 23, 2014: Changes to Order/Trade Matching Requirements for OTC Equity Securities
      • OATS Partial Cancel Discussion: Thursday, May 29th @ 11 AM ET
    • ORF Migration
      • ORF Technical Notices 
      • May 20, 2014: ORF Paperwork Contact List - To be added to this list, email fifinfo@fif.com
      • May 05, 2014: A7834 - FINRA Over the Counter Reporting Facility (ORF)
      • May 01, 2014: FINRA has updated its ORF Participant and Legal Agreements
  • Additional Updates - Equities
    • May 01, 2014: SR-NSX-2014-14 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Cease Trading on the NSX Trading System; See also Information Circular 14-048
    • Apr 30, 2014: SR-NYSEMKT-2014-37 - Notice of Filing of Proposed Rule Change Adding New Paragraphs (j) and (k) to Rule 128 - Equities, Entitled “Clearly Erroneous Executions For Equities”; See also SR-BATS-2014-014, SR-BX-2014-021, SR-CHX-2014-06, SR-FINRA-2014-021, SR- ISE-2014-25, SR-NASDAQ-2014-044, SR-NSX-2014-08, SR-NYSE-2014-22, SR-NYSEARCA-2014-48, SR-Phlx-2014-27, SR- BYX-2014-007, SR-EDGA-2014-11, SR-EDGX-2014-12
  • FIF Working Group Updates - Join Working Groups
    • Rule 605/606 Disclosure WG
      • Next Meeting Date: Friday, May 30th @ 1 PM ET
    • Options Tied to Stock
      • May 13, 2014: SR-CBOE-2014-040 - Notice of Filing of a Proposed Rule Change Relating to Orders That Are Tied to Stock
      • Next Meeting Date: Thursday, May 22nd @ 12 PM ET
    • Symbology WG
      • Feb 26, 2014: Data Technical News #2014 - 4 - NASDAQ OMX Issues Update on Symbology Initiative
    • Market Stability WG
      • May 05, 2014: A7835 - DTCC Limit Monitoring Email Signup Process
      • Apr 24, 2014: A7824 - DTCC Limit Monitoring MRO Files, Email Functionality & Browser Settings
    • Large Trader / EBS WG
      • LTR & Options Calculation Discussion
      • Next Meeting Date: Wednesday, June 4th @ 11 AM ET
    • Consolidated Audit Trail WG
      • May 09, 2014: FIF CAT WG: Feedback on CAT Reporter Cost Survey
      • May 02, 2014: SROs Announce Members of CAT Development Advisory Group
      • Next Meeting Date: Tuesday, May 20th @ 11 AM ET
    • Market Data Capacity WG
      • OPRA & UTP SIP Updates
      • Next Meeting Date: Wednesday, June 18th @ 10:30 AM ET
  • FIF Regulatory Initiatives Tracking Site - (Requires FIF Website Login)
  • FIF Monthly Reports
    • Market Share Report
    • Market Dynamics Report
    • Market Share & Market Dynamics Executive Summary
  • Additional Updates - Options
    • May 09, 2014: SR-NASDAQ-2014-052 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Extend the Pilot Program Relating to the Elimination of SPY Position Limits; See also SR-BX-2014-025
    • May 09, 2014: SR-Phlx-2014-31 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Qualified Contingent Cross Rebates
    • May 06, 2014: SR-ISE-2014-23 - Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 2, Regarding the Short Term Option Series Program; See also SR-BATS-2014-013
    • May 06, 2014: SR-NASDAQ-2014-043 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change by NASDAQ OMX BX, Inc. Relating to Mini Options; See also SR-BX-2014-020, SR-NYSEARCA-2014-50
    • May 02, 2014: SR-NYSEMKT-2014-42 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 980NY to Adopt Rules Governing an Opening Auction Process for Electronic Complex Orders and to Amend and Reorganize Existing Rules Specifying Available Electronic Complex Order Types and Modifiers; See also SR-NYSEArca-2014-53
    • May 02, 2014: SR-NYSEArca-2014-04 - Notice of Filing of Amendment No. 1 and Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, to Amend NYSE Arca, Inc.’s Rules by Revising the Order of Priority of Bids and Offers When Executing Orders in Open Outcry
    • Apr 29, 2014: Options Trader Alert #2014 - 13 - PHLX Announces Margin Levels for the NASDAQ OMX FX Options
    • Apr 29, 2014: SR-BX-2014-022 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Rule Text Related to Acceptable Trade Range in Chapter VI, Section 10 of the BX Options Rules
    • Apr 29, 2014: SR-BATS-2014-016 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Clarify the Treatment of Intermarket Sweep Orders Entered Prior to the Completion of the Options Opening Process of BATS Exchange, Inc.
    • Apr 28, 2014: Options Regulatory Alert #2014 - 11 - Qualified Contingent Cross Transactions
    • Apr 25, 2014: SR-Phlx-2014-25 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Rules 1064 and 1080
    • Apr 25, 2014: SR-NYSEMKT-2014-17 - Notice of Filing of Amendment No. 2 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 2, Adopting Rule 971.1NY for an Electronic Price Improvement Auction for Single-Leg Options Orders
    • Apr 25, 2014: SR-NYSEMKT-2014-33 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Exchange rules governing Letters of Guarantee and Letters of Authorization
    • Apr 23, 2014: SR-ISE-2014-10 - Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change Related to Complex Orders; See also SR-CBOE-2014-017
  • Register for June 17 FIF Event: A Constructive Conversation on Market Structure, Sponsored by Equinix
  • Next Meeting Date: Tuesday, June 24th @ 4:00 PM ET