February 23, 2016 - Front Office Committee - Meeting Agenda

Meeting Agenda

  • FINRA Updates
    • Clock Synchronization
      • Feb 19, 2016: SR-FINRA-2016-005 - Notice of Filing of a Proposed Rule Change to Reduce the Synchronization Tolerance for Computer Clocks that are Used to Record Events in NMS Securities and OTC Equity Securities
    • OATS
      • Feb 19, 2016: SR-FINRA-2016-006 - Notice of Filing of a Proposed Rule Change to Amend FINRA Rules 7410 (Definitions) and 7440 (Recording of Order Information)
      • Jan 25, 2016: Investors Exchange Registration-OATS Impacts
    • ORF
      • Feb 17, 2016: ORF Testing for OTC Reference Data
      • Feb 3, 2016: OTC Threshold and Equity Short Interest Data Programmatically Available
    • Trade Reporting
      • Jan 20, 2016: FINRA Trade Reporting Notice - OTC Equity Trading and Reporting in the Event of Systems Issues
  • NYSE Updates
    • Jan 28, 2016: SR-NYSE-2015-48 - Order Approving a Proposed Rule Change Deleting Rule 410B Governing Reporting Requirements for OffExchange Transactions
  • IIROC Updates
    • Feb 4, 2016: IIROC Notice 16-0023 - Summary of Comments Received on Proposed Guidance on Time Synchronization
    • Feb 4, 2016: IIROC Notice 16-0022 - Guidance on Time Synchronization
  • FIF Working Group Updates - Join Working Groups
    • Consolidated Audit Trail (CAT) - CAT NMS Plan
      • Feb 10, 2016: FIF Response to Dec 23, 2015 Technical Amendments
      • Feb 8 ,2016: Clean Version of the 12/23/15 Amended and Restated Consolidated Audit Trail National Market System Plan (CAT NMS Plan) Submission
      • Feb 5, 2016: CAT NMS Plan High Level Security Requirements
      • Next Meeting Date: Wednesday, Mar 9th @ 3 PM ET
    • Tick Size Pilot - FINRA Tick Size Pilot
      • Feb 19, 2016: Testing for Tick Size OATS Data Collection and Market Maker Transaction Files
      • Feb 18, 2016: FIF Comments on SR-NYSE-2015-046 Release No. 34-76229 and No. 34-76971
      • Feb 17, 2016: SEC Exemption Under Rule 608(e) of Regulation NMS under the Securities Exchange Act of 1934 from Certain Provisions of the "Plan to Implement a Tick Size Pilot Program"
      • Feb 17, 2016: Tick Size Pilot: Exchange Route Matching for the Chicago Stock Exchange and the National Stock Exchange
      • Feb 17, 2016: SEC 34-77164 - Notice of Filing of Partial Amendment No. 1 and Order Granting Accelerated Approval to a Proposed Rule Change, as Modified by Partial Amendment No. 1, to Adopt FINRA Rule 6191(b) and Amend FINRA Rule 7440 to Implement the Data Collection Requirements of the Regulation NMS Plan to Implement a Tick Size Pilot Program
      • Feb 12, 2016: FINRA’s Response to FIF Comment Letter
      • Feb 11, 2016: Tick Size Sample Security List
      • Feb 9, 2016: Tick Size Pre-Pilot Data Collection Securities and Pilot Securities Files (updated with instructions for automating the download of these lists)
      • Feb 2, 2016: FINRA Guidance on Linking Market Maker Transaction Data
      • Next Meeting Date: Thursday, Feb 25th @ 1 PM ET
  • FIF Retail Execution Quality Statistics
  • 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
  • Additional Updates - Equities
    • Feb 18, 2016: NYSEMKT-2016-29 - Proposal to amend Sections 401 and 402 of the NYSE MKT Company Guide to harmonize the Exchange immediate release and trading halt policies with recent changes made to the comparable policies of the New York Stock Exchange
    • Feb 17, 2016: SR-NASDAQ-2016-026 - A proposed rule change to amend Nasdaq Rule 5745 Exchange Traded Managed Fund
    • Feb 17, 2016: Priority of Bids and Offers and Allocation of Executions
    • Feb 16, 2016: Nasdaq ETA2016-32 - Update: Nasdaq Modifies Functionality for Orders Received in Halted and IPO Securities
    • Feb 16, 2016: Nasdaq ETA2016-30 - Nasdaq to Launch Small Cap Market Quality Pilots
    • Feb 16, 2016: Nasdaq ETA2016-29 - Nasdaq to Launch New Limit-Up, Limit-Down Pricing Pilot
    • Feb 12, 2016: Regulation SCI BCP/DR Testing
    • Feb 10, 2016: Rejection of Marketable Orders Larger Than 1 Million Shares
    • Feb 5, 2016: Trade Data Dissemination Service 2.0 (TDDS 2.0) (Version 9 - Clarified use of Net Direction Change field for Closing Report)
    • Feb 4, 2016: ETA2016-26 - Nasdaq Guidelines for Testing NextShares
    • Jan 28, 2016: Elimination of Stop and GTC Order Types
    • Jan 27, 2016: ETA2016-16 - Nasdaq To Implement Additional Price Protections to the Opening Cross Process
  • Additional Updates - Options
    • Feb 19, 2016: SR-BATS-2016-18 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 11.13(b)(3)(H), Order Execution and Routing, to Amend the Operation of Non-Displayed Orders and Reserve Orders
    • Feb 17, 2016: SR-BOX-2016-08 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Reduce the Order Handling Period for Directed Orders from Three Seconds to One Second
    • Feb 17, 2016: Nasdaq ORA2016-6 - PHLX – Unbundling of Orders
    • Feb 16, 2016: SR-EDGA-2016-02 - Notice of Filing of a Proposed Rule Change, as Modified by Amendment No. 1 Thereto, to Adopt an Early Trading Session and Three New Time-in-Force Instructions
    • Feb 16, 2016: Nasdaq OTU2016-1 - Network Update to Support PHLX Application Changes
    • Feb 10, 2016: Nasdaq OTU2016-2 - PHLX, NOM, and BX Options Updates Technical Specifications
    • Feb 8, 2016: Nasdaq OTA2016-2 - NOM, BX Options, and PHLX Introduce External Kill Switch Functionality
    • Feb 4, 2016: SR-Phlx-2016-10 - Notice of Filing of Proposed Rule Change Relating to Professional Customer Definition
  • Next Meeting Date: Tuesday, March 15th, 2016 @ 4 PM ET