May 24, 2016 - Front Office Committee - Meeting Agenda

Meeting Agenda

  • FINRA Updates
    • ATS
      • May 10, 2016: SR-FINRA-2016-010 - Order Approving a Proposed Rule Change to Adopt FINRA Rule 4554, Alternative Trading Systems - Recording and Reporting Requirements of Order and Execution Information for NMS Stocks
      • Apr 22, 2016: SR-FINRA-2016-010 - Response to Comments
      • Apr 22, 2016: FINRA Reg Notice 16-14 - FINRA Announces Implementation Date for Publication of ATS Block-Size Trade Data
    • OATS
      • May 20, 2016: OATS Changes with Non-Member Identification Release (effective August 1, 2016)
      • FINRA Rule 4554 - ATS Order Book reporting on OATS (effective November 2016)  (We will probably want to convene the ATS Working Group to review these draft specs)
    • TRACE
      • Apr 27, 2016: FINRA Reg Notice 16-15 - Exemption from Trade Reporting Obligation for Certain Transactions on Alternative Trading Systems
      • FIX Tags for ATS Identification for TRACE and MSRB Reporting (version 6)
  • NYSE Account Type Indicators
    • May 17, 2016: Questions Posed to ISG re: NYSE Changes to Account Type Indicators
    • May 2, 2016: OATS for all NMS Stocks FAQ - FINRA has updated FAQ #17 for OATS to reflect the change in NYSE Account Type Indicators (ATIs)
  • FIF Working Group Updates - Join Working Groups
    • Consolidated Audit Trail (CAT)
      • May 17, 2016: SEC Notice of Filing of the Consolidated Audit Trail National Market System Plan and Request for Comment
      • May 6, 2016: FIF Formed Seven “Sub-Groups” to Address Members’ Concerns and Open Questions Related to Amended CAT NMS Plan
      • CAT NMS Plan Website
      • FIF CAT Working Group Resources
    • Tick Size Pilot
      • May 20, 2016: NYSEMKT-2016-56 - Proposal to implement the quoting and trading provisions of the Plan to Implement a Tick Size Pilot Program submitted to the Commission pursuant to Rule 608 of Regulation NMS under the Act
      • 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
  • 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
    • May 18, 2016: Nasdaq ERA20164 - Nasdaq Makes Preparations To Shorten Settlement Cycle from T+3 to T+2
    • May 16, 2016: Nasdaq ERA2016-3 - Guidance on Test Stock Usage
    • May 16, 2016: NYSEMKT-2016-54 - Proposal to Amend Rule 13 Equities and Related Rules Regarding Market Orders
    • May 12, 2016: SR-NYSEArca-2016-44 - Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change Amending NYSE Arca Equities Rule 7.31P(h) to Add a New Discretionary Pegged Order
    • May 10, 2016: SR-BX-2016-024 -  Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Modify the Maximum Number of Times an Order on BX May Be Updated Before the System Cancels the Order
    • May 9, 2016: NYSE Pillar: Phase I Update –Symbol Migration Update
    • Apr 21, 2016: SR-NYSEMKT-2016-31 - Notice of Designation of Longer Period for Commission Action on Proposed Rule Change Amending Rule 123C-Equities to Provide for How the Exchange Would Determine an Official Closing Price if the Exchange is Unable to Conduct a Closing Transaction
  • Additional Updates - Options
    • May 16, 2016: SR-NYSEARCA-2016-65 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the Definition of Professional Customer in Rule 6.1A(a)(4A)
    • May 16, 2016: SR-NYSEMKT-2016-53 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the Definition of Professional Customer in Rule 900.2NY(18A)
    • May 12, 2016: SR-CBOE-2016-034 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to Split-Price Priority
    • May 11, 2016: MIAX Options Interface Specification Update
    • May 10, 2016: CBOE RG16-092 - Booking of MKT-Sell Orders in No-Bid Series
    • May 5, 2016: SR-MIAX-2016-11 - Amend Rule 100 Relating to Priority Customer Definition
    • Apr 28, 2016: CBOE RG16-087 - Update to Frequent Trader Program
    • Apr 22, 2016: SR- BOX-2016-16 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to (i) Amend BOX Rule 7280 (Bulk Cancellation of Trading Interest) to Adopt a Kill Switch and (ii) Amend BOX Rule 7110 (Order Entry) to Modify the Circumstances That Will Prevent a Session Order From Being Cancelled
  • Next Meeting Date: Tuesday, June 21, 2016 @ 4 PM ET