March 21, 2017 - FIF Front Office Meeting Agenda

Meeting Agenda

 

  • FINRA Updates 
    • CAT 
      • March 9, 2017:  Regulatory Notice 17-09 - The National Securities Exchanges and FINRA Issue Joint Guidance on Clock Synchronization and Certification Requirements Under the CAT NMS Plan.
    • TRACE
      • March 10, 2017:  TRACE New Issue Form - On Monday, March 20, 2017, the TRACE New Issue Form, available on the FINRA Firm Gateway, will be modified to require First Settlement Date and Issue Date to be provided on CMO submissions.
      • Feb 27, 2017: TRACE for Treasuries FAQs - FINRA has published a set of FAQs to assist firms with the reporting of Treasuries Transactions for TRACE.
      • Feb 21, 2017:  TRACE Reporting and Dissemination of CMO Trades User Acceptance Test - On Monday, March 20, 2017, FINRA will release new software with changes and enhancements to TRACE trade reporting and dissemination for Collateralized Mortgage Obligation (CMO) securities. Firms that report CMO transactions and TRACE market data consumers of the SPDS and SPDS-144A data feeds must accommodate these changes and enhancements by this date. 
    • Tick Sized Pilot
      • March 3, 2017:  SR-FINRA-2017-006 - Proposed Rule Change to Amend Rule 6191 to Implement an Anonymous, Grouped Masking Methodology for Over-the-Counter Activity in Connection with Website Data Publication of Appendix B Data Pursuant to the Regulation NMS Plan to Implement a Tick Size Pilot Program.
      • Feb 23, 2017:  SR-FINRA-2017-005 - Proposed Rule Change to Amend FINRA Rule 6191 to Modify the Date of Appendix B Website Data Publication Pursuant to the Regulation NMS Plan to Implement a Tick Size Pilot Program. 
  • SEC
    • CAT
      • March 15, 2017:  34-80255 - Financial Industry Regulatory Authority, Inc.; Order Approving Proposed Rule Change to Adopt the FINRA Rule 6800 Series (Consolidated Audit Trail Compliance Rule).
    • SEC Market Structure Advisory Committee Meeting Notice
      • March 14, 2017:  34-80245 - The Securities and Exchange Commission Equity Market Structure Advisory Committee is providing notice that it will hold a public meeting on Wednesday, April 5, 2017.  A webcast will be available.  
    • Limit Up-Limit Down
      • March 10, 2017: 34-80203 - Notice of Filing of the Thirteenth Amendment to the National Market System Plan to Address Extraordinary Market Volatility.
      • January 19, 2017:  34-79845 - Order Approving the Twelfth Amendment to the National Market System Plan to Address Extraordinary Market Volatility.
  • Exchange Updates
    • March 10, 2017: INET Technology Roadmap for ISE - Additional information regarding the migration of the Nasdaq ISE option exchange to Nasdaq’s INET technology
    • March 6, 2017:  NYSE-MKT Trader Update - NYSE Group plans to re-introduce the NYSE MKT exchange as NYSE American (the “Exchange”) leveraging NYSE Pillar technology. NYSE American will be a first-of-its-kind exchange designed for listing small to mid-cap companies that pairs a delay mechanism with a dedicated market maker with quoting obligations for NYSE American issuers.
    • March 1, 2017: SEC-34-80130 - Proposed Amendments to Exchange Act Rule 15c2-12.
    • January 17, 2017:  Global OTC to Extend Quote Migration to May 1, 2017 - Global OTC is extending the date for the removal of its quotes from OTC Markets' OTC Link IDQS.
  • FIF Working Group Updates: Please click here to Join Working Groups
    • Consolidated Audit Trail (CAT)
      • March 9, 2017:  Regulatory Notice 17-09 - The National Securities Exchanges and FINRA Issue Joint Guidance on Clock Synchronization and Certification Requirements Under the CAT NMS Plan.
      • March 1, 2017: On March 1 FIF sent a comment letter to the SEC supporting the exemptive relief request submitted by the CAT Participants, including FINRA, to commence clock synchronization rules for systems that do not capture time in milliseconds on February 19, 2018.
      • Next FIF CAT meeting will be held on Thursday, March 23rd @10:00 am ET.
      • CAT NMS Plan Website
    • Mark-Up/Mark-Down
      • FIF held a joint session with FINRA/MSRB on Thursday, March 16th to review the functionality of the EMMA website.  If you were unable to join and wish to comment on the functionality of EMMA, send your questions/suggestions to us at fifinfo@fif.com and we will pass along your comments to MSRB.
    • TRACE for Treasuries
      • FIF will be holding working group meetings to address implementation concerns pursuant to new TRACE for Treasuries rules.
    • Cost Basis Working Group
      • The next Cost Basis Working Group meeting will be held on Thursday, April 6th @ 11:00 am ET.
    • Data & Technology
      • Next Meeting:  Wednesday, March 22nd @ 10:30 am ET.
    • Monthly Reports/Regulatory Initiatives Tracking Site
      • FIF Retail Execution Quality Statistics
      •  FIF Regulatory Initiatives Tracking Site - (Requires FIF Website Login)
      • Market Data Capacity Statistics – (Requires FIF Website Login)
    • Additional Updates - Equities
      • March 10, 2017: SR-NYSE-2016-44 - Notice of Filing of Amendment No. 4 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment Nos. 1, 2, and 4, Allowing the Exchange to Trade Pursuant to Unlisted Trading Privileges Any NMS Stock Listed on Another National Securities Exchange; Establishing Listing and Trading Requirements for Exchange Traded Products; and Adopting New Equity Trading Rules Relating to Trading Halts of Securities Traded Pursuant to Unlisted Trading Privileges on the Pillar Platform.
      • March 9, 2017: SR-NYSEArca-2017-01 - Notice of Filing of Amendment No. 2 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 2, Amending the NYSE Arca Equities Rule 5 and Rule 8 Series.
      • March 8, 2017: NYSE Number 17-02 - NYSE Consolidated Audit Trail ("CAT") Clock Synchronization Requirements.
      • March 1, 2017: SR-NASDAQ-2017-025 - Proposed rule change to list and trade under Nasdaq Rule 5745 (Exchange-Traded Managed Fund Shares) the common shares of the exchange-traded managed fund.
      • Feb. 28, 2017: SR-NYSEMKT-2017-11 - Exemption Letter.
      • Feb. 28, 2017: SR-NYSE-2017-06 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Rule 103B.
      • Feb. 28, 2017: SR-NASDAQ-2017-015 - Notice of Filing of Proposed Rule Change to Adopt Rule 7017
      • Feb. 24, 2017: Nasdaq Introduces the RFO Indicator for Registered Follow On Offerings.
    • Additional Updates - Options
      • March 8, 2017:  CBOE-RG17-034 - Consolidated Audit Trail ("CAT") Clock Synchronization Requirements
      • March 8, 2017: SR-CBOE-2017-016 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to Complex Order Price Protections
      • March 8, 2017: UPDATED Symbol Migration Schedule for ISE Gemini transition to INET
      • March 1, 2017: SR-BOX-2016-48 - 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 Adopt Rules for an Open-Outcry Trading Floor
      • Feb. 28, 2017: SR-Phlx-2017-19 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Related to Qualified Contingent Cross Orders
      • Feb. 24, 2017: Nasdaq to Launch ISE Gemini on INET
      • Feb. 23, 2017: ISE Gemini Technical Specifications Updated
    • Next Meeting Date:  Tuesday, April 18, 2017 @ 4:00 PM ET.