March 19, 2015 - FIF Front Office Meeting Agenda

Meeting Agenda

  • Introduction - FIF's New Managing Director - Mary Lou Von Kaenel
  • Real Time Clearing Impact on Trade Reporting
    • Meeting with DTCC/FINRA on Real-Time Clearing: Friday, March 20th, 2015 @ 10AM ET
      • Agenda:
        • Review of current NSCC plans including outreach to date
        • Review of equity trading scenarios including impact on Equity Trading Reporting FAQs
        • Next Steps
      • Outlook invites were previously sent, if you did not receive it, please email fifinfo@fif.com.
  • FINRA Trade Reporting FAQs
    • Mar 16, 2015: FINRA Response to FIF Questions on Trade Reporting FAQs
  • TRF Reporting Changes
    • Mar 18, 2015: NASDAQ Alert 2015-1 - Nasdaq Updates FIX and CTCI TRF Specifications for FINRA Amendments
    • Regulatory Notice 14-21 - New Effective Date - July 13th, 2015
    • FIX and CTCI Specifications Page
  • CBOE Options Tied to Stock - Update from CBOE
  • SIP Changes
    • Feb 26, 2015: UTP Vendor Alert #2015-4- UTP SIP to Modify Sale Condition Modifiers in July 2015
    • Feb 25, 2015: SIAC Notice 6113 - Redefined/New CTS Sale Conditions
    • Feb 9, 2015: UTP Vendor Alert #2015-2 - Implementation of New UTP Message Header Formats
    • Feb 4, 2015:Implementation of New CTS and CQS Expanded Message Header Formats
  • ORF Updates
    • Mar 16, 2015: Revised OTC Reporting Facility (ORF) Platform API Specification
    • Mar 13, 2015: OTC Trade Reporting Maximum Volume Per Transaction
  • FIF Working Group Updates - Join Working Groups
    • Consolidated Audit Trail WG
      • Updated Clock Sync Survey Results 
      • Exemptive Relief Requests 
      • CAT Amended NMS Plan Released
    • FINRA CARDS
      • Feb 24, 2015: Senator Crapo Letter on FINRA CARDS
    • Tick Size WG
      • Feb 26, 2015: 34-74388 - Notice of Designation of a Longer Period for Commission Action on the Proposed National Market System Plan to Implement a Tick Size Pilot Program On a One-Year Pilot Basis by BATS Exchange, Inc., BATS Y-Exchange, Inc., Chicago Stock Exchange, Inc., EDGA Exchange, Inc., EDGX Exchange, Inc., Financial Industry Regulatory Authority, Inc., NASDAQ OMX BX, Inc., NASDAQ OMX PHLX LLC, The Nasdaq Stock Market LLC, New York Stock Exchange LLC, NYSE MKT LLC, and NYSE Arca, Inc.  See also: Notice: Rel. No. 34-73511.
  • FIF Regulatory Initiatives Tracking Site - (Requires FIF Website Login)
  • FIF Monthly Reports
    • Market Share Report
    • Market Dynamics Report
    • Market Share Executive Summary
    • Market Dynamics Executive Summary
  • Extended Trading Hours
    • Mar 16, 2015: CBOE RG15-043 - Operational Settings for Extended Trading Hours Session - Updated 
    • Mar 2, 2015: CBOE RG15-033 - Additional Extended Trading Hours Session Trading
    • Feb 27, 2015: CBOE RG15-032 - Give Up of Clearing Trading Permit Holders for Extended Trading Hours
    • Feb 26, 2015: CBOE RG15-029 - Operational Settings for Extended Trading Hours Session - Updated
    • Feb 23, 2015: CBOE IC15-012 - Extended Trading Hours Session - PULSe Trader Workstation Access
    • Feb 18, 2015: CBOE RG15-025 - Extended Trading Hours Session Testing
    • Feb 18, 2015: CBOE RG15-024 - Extended Trading Hours Risk Disclosure
    • Feb 2, 2015: New OPRA Early Extended Trading Session Testing Dates
  • Additional Updates - Equities
    • Mar 18, 2015: SR-NYSEMKT-2015-19 - Proposal to Amend Rule 13 - Equities (Orders and Modifiers) Relating to Pegging Interest
    • Mar 17, 2015: SR-NASDAQ-2015-022 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Rule 4751(h)(5) Relating to Market Hours IOC Orders
    • Mar 13, 2015: NASDAQ Alert 2015-32 - Reminder and Update: Nasdaq Changes the Processing of Orders Around the Market Close Event
    • Mar 12, 2015: SR-NYSEMKT-2015-18 - Proposal to Amend Rule 900.3NY(w) (Orders Defined) and Rule 980NY(d)(1) (Complex Order Trading) to Delete the PNP Plus Designation for Electronic Complex Orders From Its Rules. 
    • Mar 6, 2015: SR-NYSEMKT-2015-14 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Extend the Pilot Program for the Exchange's Retail Liquidity Program, which is Currently Scheduled to Expire on March 31, 2015, until September 30, 2015. See also SR-NYSEMKT-2015-14.
    • Mar 2, 2015: Trader Update: Pillar: Phase 1 Functional Platform Changes. See also: NYSE Pillar Website.
    • Mar 2, 2015: SR-NYSEArca-2015-11 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Specifying in Exchange Rules the Exchange's Use of Certain Data Feeds for Order Handling and Execution, Order Routing, and Regulatory Compliance.  See also SR-NYSEMKT-2015-09.
    • Feb 27, 2015: SR-NYSEMKT-2015-09 - Proposal to Specify in Exchange Rules the Exchange's Use of Certain Data Feeds for Order Handling and Execution, Order Routing, and Regulatory Compliance
    • Feb 26, 2015: SR-BATS-2015-09 - Notice of Filing of a Proposed Rule Change to Amend Rules 11.9, 11.12, and 11.13 of BATS Exchange, Inc.; Correction
    • Feb 26, 2015: SR-EDGA-2015-12 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Rule 11.11, Routing to Away Trading Centers, to Delete References to the ROLF Routing Option, Which Routed Orders to LavaFlow ECN. See also SR-EDGX-2015-11.
    • Feb 25, 2015: FINRA Notice P602490 - OTCE Symbol Request Form added to the TRACE New Issue Form
    • Feb 24, 2015: SR-CHX-2015-01 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Concerning the Use of Market Data Feeds by the Exchange
    • Feb 24, 2015: SR-NYSEMKT-2015-11 - Proposal to Specify in Exchange Rules the Exchange's Use of Certain Data Feeds for Order Handling and Execution, Order Routing, and Regulatory Compliance
    • Feb 24, 2015: SR-BATS-2015-14 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Eliminate Rule 13.4, "Assigning of Registered Securities in the Name of a Member or Member Organization."
    • Feb 20, 2015: SR-NASDAQ-2015-016 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend Chapter V, Regulation of Trading on NOM, to Extend the Pilot Program Under Section 3(d)(iv)
    • Feb 20, 2015: SR-NASDAQ-2015-014 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Postpone Implementation of Changes to Rules 4751(h) and 4754(b) Relating to the Closing Process
    • Feb 19, 2015: SR-NYSEMKT-2015-10 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Extending the Pilot Period Applicable to Rule 953.1NY(c), Obvious and Catastrophic Errors, Until October 23, 2015
    • Limit Up - Limit Down
      • Feb 20, 2015:SR-Phlx-2015-19 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Extend the Pilot Program Regarding Exchange Rule 1047(f)(v)
      • Feb 19, 2015: SR-BOX-2015-13 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Extend the Pilot Program That Suspends Certain Obvious Error Provisions During Limit Up-Limit Down States in Securities That Underlie Options Traded on the Exchange
      • Feb 19, 2015: 34-74323 - Order Approving the Eighth Amendment to the National Market System Plan to Address Extraordinary Market Volatility by BATS Exchange, Inc., BATS Y-Exchange, Inc., Chicago Board Options Exchange, Incorporated, Chicago Stock Exchange, Inc., EDGA Exchange, Inc., EDGX Exchange, Inc., Financial Industry Regulatory Authority, Inc., NASDAQ OMX BX, Inc., NASDAQ OMX PHLX LLC, The Nasdaq Stock Market LLC, National Stock Exchange, Inc., New York Stock Exchange LLC, NYSE MKT LLC, and NYSE Arca, Inc. See also: 34-74110
  • Additional Updates - Options
    • Mar 16, 2015: SR-BATS-2015-16 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Adopt Rule 12.14, Front Running of Block Transactions
    • Mar 13, 2015: PHLX #2015-7 - PHLX Modifies Guidelines of Granting Trade Halt Re-Opening Quote Parameter Relief
    • Mar 12, 2015: SR-CHX-2015-02 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Concerning the CHX Routing Services
    • Mar 11, 2015: SR-NASDAQ-2015-019 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Penny Pilot Options
    • Mar 11, 2015: PHLX #2015-1 - PHLX Updates Technical Specifications
    • Mar 6, 2015: MIAX Regulatory Circular 2015-14 - Option Classes to be Added to the Penny Pilot Program on March 9, 2015
    • Mar 5, 2015: CBOE RG15-037 - Publication of Expected Opening Price/Size and Imbalance Information on Volatility Index Options and Futures Settlement Days
    • Mar 3, 2015: CBOE RG15-036 - Bid-Ask Differentials and Minimum Quote Size
    • Feb 26, 2015: SR-CBOE-2015-011 - Order Granting Accelerated Approval of a Proposed Rule Change to Amend Exchange Rules Related to Order Tickets
    • Feb 25, 2015: Options Trader Alert #2015-6- BX Options Enhances Opening Process
    • Feb 23, 2015: SR-CBOE-2015-021 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to Chicago Board Options Exchange, Incorporated's Order Handling System and Order Management Terminal
    • Feb 20, 2015: Regulatory Circular RG15-026 - Transition of Certain Regulatory Services Performed on Behalf of the Exchanges by FINRA
    • Feb 19, 2015: SR-BX-2015-012- Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the BX Options Rules to Extend the Pilot Program Under Chapter V, Section 3(d)(iv)
    • Feb 19, 2015: BATS Options Capacity Designation Update
    • Feb 19, 2015: SR-BX-2015-010 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Modify and Reorganize Chapter VI (Trading Systems), Section 8 (BX Opening and Halt Cross) of the Exchange's Options Rules
    • Feb 19, 2015: SR-CBOE-2015-18 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to Exchange Rule 6.25
    • Feb 18, 2015: SR-MIAX-2015-11 - Amend MIAX Rule 530 to Extend the Pilot Period for the Treatment of Erroneous Transactions During a Limit or Straddle State
  • March 26, 2015: FIF Consolidated Audit Trail Event Sponsored by BNP Paribas