April 19, 2016 - FIF Front Office Meeting Agenda

Meeting Agenda

  • FINRA Updates
    • Clock Synchronization 
      • Apr 8, 2016: SR-FINRA-2016-005 - Order Approving 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
      • Mar 22, 2016: FIF Comment Letter on SR-FINRA-2016-005 (Clock Synch)
    • Exchange Traded-Managed Funds
      • Apr 8, 2016: SR-FINRA-2016-012 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend FINRA Rule 6184 [Transactions in Exchange-Traded Managed Fund Shares ("NextShares")]
    • OATS
      • Apr 5, 2016: SR-FINRA-2016-006 - Order Approving a Proposed Rule Change to Amend FINRA Rules 7410 (Definitions) and 7440 (Recording of Order Information)
    • ORF
      • Apr 4, 2016:  ORF Reference Data Changes - Update
      • Mar 24, 2016: Update: ORF Step In/Step Out Trades
    • Securities Trader Registration
      • Apr 7, 2016: SR-FINRA-2016-007 - Order Approving a Proposed Rule Change to Require Registration as Securities Traders of Associated Persons Primarily Responsible for the Design, Development, Significant Modification of Algorithmic Trading Strategies or Responsible for the Day-to-Day Supervision of Such Activities
  • NYSE Updates
    • Pillar
      • Apr 4, 2016: NYSE Pillar: Phase I Update –Symbol Migration Update
    • Account Type Indicators - FIF Follow-up
  • Professional Customer Designation
    • Apr 11, 2016:  SR-BOX-2016-13 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend BOX Rule 100 (Definitions) Relating to Professionals
    • Mar 30, 2016: CBOE RG16-064 - Professional Orders
    • Mar 25, 2016: SR-CBOE-2016-005 - 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 Interpretation and Policy .01 to Rule 1.1(ggg) Relating to the Professional Customer Definition
    • Mar 25, 2016: SR-Phlx-2016-10 - Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, Relating to the Professional Customer Definition
  • FIF Working Group Updates - Join Working Groups
    • Consolidated Audit Trail (CAT)
      • CAT NMS Plan
      • FIF - CAT Initiatives Page
    • Tick Size Pilot
      • FINRA Tick Size Pilot Page
      • All links to relevant documents and notices tracked by FIF are available on the FIF Tick Size Pilot Initiatives Page
      • Mar 22, 2016: FIF Comment Letter re: Commission’s Accelerated Approval of Partial Amendment 1 to SR-FINRA-2015-047 for Tick Size Pilot Quoting and Trading Rules
  • 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
    • Apr 15, 2016: SR-FINRA-2016-010 - Notice of Designation of Longer Period for Commission Action on a Proposed Rule Change to Adopt FINRA Rule 4554 (Alternative Trading Systems - Recording and Reporting Requirements of Order and Execution Information for NMS Stocks)
    • Alternative Trading System (ATS) Transparency
    • TRACE ATS Identifiers List
    • Apr 12, 2016: Nasdaq ETA2016-79 - NASDAQ Announces Improved Protections for Equity Markets Coming Out of Halts (“Leaky Bands”)
    • Apr 12, 2016: NYSE Info Memo 16-05 - New Registration and Exam Requirements for Floor Clerks
    • Apr 6, 2016: Notice of Equity Market Structure Advisory Committee Meeting - Tuesday, April 26, 2016
    • Apr 5, 2016: SR-NYSEArca-2016-51 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending NYSE Arca Equities Rule 7.16 to Specify that Sell Short Post No Preference Orders and Sell Short PNP Blind Orders Priced At or Below the National Best Bid will be Rejected on Arrival During the Short Sale Period
    • Apr 5, 2016: SR-NYSEArca-2016-15 - Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 1, to Amend Rule 6.67(c) by Revising the Clearing Member Requirements for Entering an Order into the Electronic Order Capture System (“EOC”)
    • Apr 1, 2016: SR– NASDAQ–2016–039 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify the Maximum Number of Times an Order on Nasdaq May Be Updated Before The System Cancels The Order
    • Apr 1, 2016: Nasdaq ETA2016-66 - REMINDER: Nasdaq to Implement Additional Price Protections to the Opening Cross Process
    • Mar 31, 2016: Nasdaq ETA2016-75 - Update: Nasdaq Modifies Functionality for Orders Received in Halted and IPO Securities
    • Mar 30, 2016: Nasdaq ETA2016-70 - Nasdaq Introduces New Compliance Dashboard
    • Mar 25, 2016: SR-NASDAQ-2016-008 - Order Approving Proposed Rule Change, as Modified by Amendment No. 1 Thereto, to Amend Rule 4120
    • Mar 24, 2016: SR-NYSEArca-2016-44 - Notice of Filing of Proposed Rule Change Amending NYSE Arca Equities Rule 7.31P(h) to Add a New Discretionary Pegged Order
    • Mar 23, 2016: SR-NYSEMKT-2016-38 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 13 – Equities to Expand the Availability of Self-Trade Prevention Modifiers to Non-Algorithmically Entered Floor Broker Interest
  • Additional Updates - Options
    • Apr 12, 2016: CBOE RG16-077 - CBOE Test to Simulate Screen-based Trading
    • Apr 12, 2016: CBOE RG16-076 - Quote Tick Inversion Check During Regular Trading Hours
    • Apr 6, 2016: SR-EDGA-2016-02 -  Order Approving Proposed Rule Change, as Modified by Amendment No. 1 Thereto, to Adopt an Early Trading Session and Three New Time-in-Force Instructions
    • Apr 6, 2016: MIAX RC-2016-14 - MIAX 2016 Disaster Recovery Data Center Test Plan
    • Apr 6, 2016: SR-NYSEARCA-2016-49 - Notice of Filing of Proposed Rule Change to Rule 6.64 with Respect to Opening Trading in an Options Series
    • Apr 4, 2016: CBOE RG16-070 - Trade Through and Priority Rules Review and PAR Demonstration
  • Next Meeting Date: Tuesday, May 24, 2016 @ 4 PM ET