May 23, 2017 - FIF Front Office Meeting Agenda

Meeting Details

  • When: Tuesday, May 23, 2017 @ 4:00 PM ET
  • Where: Click here to join the meeting

Meeting Agenda

  • FINRA
    • CAT
      • May 15, 2017: SR-FINRA-2017-013 - Proposed Rule Change Relating to Elimination and Modification of Duplicative Rules After Implementation of the Consolidated Audit Trail.
      • May 8, 2017:  SR-FINRA-2017-011 - Proposed Rule Change to Adopt a Fee Schedule to Establish the Fees for Industry Members Related to the National Market System Plan Governing the Consolidated Audit Trail.
    • TRACE
      • May 18, 2017: SR-FINRA-2017-015 - Proposed Rule Change to Amend FINRA Rule 7730 to Make Available a New End-of-Day TRACE Transaction File.
      • May 12, 2017: SR-FINRA-2017-012 - Proposed Rule Change to Amend FINRA Rule 7730 to Reduce the Delay Period for the Historic TRACE Data Sets Relating to Corporate and Agency Debt Securities.
      • May 4, 2017:  TRACE Workshop Recording -  FINRA staff reviewed relevant rules and regulations, provided a demonstration of new related forms, and discussed testing and other relevant technical information related to TRACE for Treasuries.
      • April 26, 2017: TRACE For Treasuries Specification Updates.
      • April 10, 2016: TRACE Testing for Trade Reporting of Treasury Securities.
    • Tier Size Pilot
      • May 16, 2017: SR-FINRA-2017-014 - Proposed Rule Change to Extend the Tier Size Pilot of Rule 6433 (Minimum Quotation Size Requirements for OTC Equity Securities).
    • Tick Sized Pilot
      • May 5, 2017: Appendix B Data Publication Delayed Until August 31, 2017
      • April 28, 2017: SR-FINRA-2017-010 - Proposed Rule Change to Amend Rule 6191 to Modify the Date of Appendix B Website Data Publication Pursuant to the Regulation NMS Plan to Implement a Tick Sized Pilot Program.
    • OATS
      • April 24, 2017: FINRA Guidance on OATS Exchange Route Matching.  
  • SEC
    • May 4, 2017:  Press Release 2017-94 - Jay Clayton sworn in as SEC Chair.
    • May 3, 2017:  Press Release 2017-91 - The SEC in conjunction with FINRA will hold their National Compliance Outreach Program for Broker-Dealers on July 27.
    • April 28, 2017: 34-80549 - Notice of Filing and Immediate Effectiveness of the Fourteenth Amendment to the National Market System Plan to Address Extraordinary Market Volatility.
    • April 13, 2017: 34-80455 - Order Approving the Thirteenth Amendment to the National Market System Plan to Address Extraordinary Market Volatility.
  • SROs
    • CAT
      • May 16, 2017: CAT Participant Specs
      • May 16, 2017: CBOE CAT Retirement Plan
      • May 16, 2017: NYSE CAT Retirement Plan
      • May 16, 2017: NASDAQ CAT Retirement Plan
      • MAY 16, 2017: NASDAQ PHLX Retirement Plan
      • May 16, 2017: NASDAQ BX Retirement Plan
      • May 16, 2017: BOX CAT Retirement Plan
      • May 16, 2017: BAT CAT Retirement Plan
      • April 13, 2017: CAT Industry Webcast Presentation & Recording
  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • May 24, 2017: FIF will be holding a CAT Working Group meeting to discuss the SRO Retirement Plans.
      • May 23, 2017:  FIF held a meeting subgroup to discuss issues related to firm designated ID.
      • May 19, 2017:  FIF held a CAT Working Group meeting
      • May 11, 2017: CAT Working Group will form a subgroup to discuss issues related to firm designated ID.
      • March 2, 2017: FIF submitted a comment letter to the SEC addressing various clock synchronization issues related to CAT and FINRA Rule 4590
      •  CAT NMS Plan Website
    • Tick Sized Pilot WG
      • April 5, 2017:  FIF submitted a comment letter on proposed methodology of B.I, B.II, and B.IV data.
      • FIF held a WG call on March 8th to discuss FINRA's proposed masking methodology of B.I, B.II, and B.IV data.
    • Mark-Up/Mark-Down WG
      • May 18, 2017:  FIF held a working group meeting.
      • March 29, 2017:  FIF held a Mark-Up/Mark-Down working group meeting to discuss various implementation issues
      • FIF held a joint session with MSRB on March 29th regarding FINRA Rule 2232/MSRB Rule G-15/G-30 (Mark-Up/Mark-Down). The discussion focused on implementation concerns.
    • Cost Basis Working Group
      • The next Cost Basis Working Group meeting will be held on Thursday, June 8th @ 11:00 am ET.
    • Data & Technology
      • Next Meeting:  May 24, 2017 @ 10:30 am ET
    • FIF Retail Execution Quality Statistics
    • FIF Regulatory Initiatives Tracking Site - (Requires FIF Website Login)
    • FIF Monthly Reports
      • Market Data Capacity Statistics – (Requires FIF Website Login)
    • Additional Updates - Equities
      • May 4, 2017: SR-NYSEMKT-2017-001 - Order Granting Accelerated Approval of Proposed Rule Change, as Modified by Amendment No. 1, to Adopt New Equity Trading Rules to Transition Trading on the Exchange from a Floor-Based Market with a Parity Allocation Model to a Fully Automated Market with a Price-Time Priority Model on the Exchange's New Trading Technology Platform, Pillar.
      • May 2, 2017: SR-NYSEArca-2017-47 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending NYSE Arca Equities Rule 7.35 to Specify Order Handling for an IPO Auction.
      • April 28, 2017: Nasdaq and BX Modify Functionality of Midpoint Orders.
      • April 28, 2017: SR-NASDAQ-2016-120 - Notice of Filing of Amendments No. 1, 2, 3, 4, and 5 and Order Granting Accelerated Approval of a Proposed Rule Change, as Amended, to Establish the Third Party Connectivity 
      • April 21, 2017: SR-NASDAQ-2017-042 - Proposal to amend Rule 4702 and Rule 4703, to clarify the behavior of Orders with Midpoint Pegging that are rejected when the market is crossed, or when there is no best bid and/or offer
      • April 21, 2017: NYSE and NYSE MKT - Priority of Bids and Offers and Limit Order Protection - Update
      • April 21, 2017: SR-NYSEMKT-2016-103 - Notice of Filing of Amendment No. 1 to a Proposed Rule Change Allowing the Exchange to Trade, Pursuant to Unlisted Trading Privileges, Any NMS Stock Listed On Another National Securities Exchange; Establishing Rules for the Trading Pursuant to UTP of Exchange-Traded Products; and Adopting New Equity Trading Rules Relating to Trading Halts of Securities Traded Pursuant to UTP on the Pillar Platform.
      • April 13, 2017: NYSE Group - Pillar Migration Update
      • April 11, 2017: SR-NASDAQ-2017-031 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Rule 4703 (Order Attributes), Rule 4752 (Opening Process), Rule 4753 (Nasdaq Halt Cross) and Rule 4754 (Nasdaq Closing Cross).
    • Additional Updates - Options
      • May 8, 2017: RG17-069 CBOE Bats Integration Conference Call on June 6, 2017
      • May 5, 2017: SR-NYSEArca-2017-24 - Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, Amending Rule 6.80 to Make Permanent a Program that Allows Cabinet Trade Transactions to Take Place at a Price Below $1 Per Option Contract
      • May 4, 2017: Nasdaq PHLX Updates Technical Specifications.
      • April 25, 2017: Nasdaq ISE Announces Updates To Technical Specifications
      • April 25, 2017: Nasdaq ISE Announces Updates to ISE FX Options Opening Time
      • April 21, 2017: SR-CBOE-2017-034 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to Rule 5.7
      • April 17, 2017: SR-Phlx-2017-29 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Customer Rebates and Pricing for Multiply Listed Options.
      • April 13, 2017: RG17-057 CBOE Rule 6.25 and C2 Rule 6.15
      • April 12, 2017: SR-CBOE-2017-032 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to FLEX Options Pilot Program
      • Next Meeting Date:  Tuesday, June 27, 2017 @ 4:00 PM ET.

_____________________
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Fax: +1 212 422 8570
FIF URL: www.fif.com