October 24, 2017 - FIF Front Office Meeting Agenda

Meeting Agenda

  • FINRA Updates
    • TRACE
      • October 20, 2017:  SR-FINRA-2017-032 - Proposed Rule Change to Make Permanent the TRACE Exemption in FINRA Rule 6730(e)(4).
      • October 18, 2017:  Technical Notice - TRACE for Treasuries Matching Enhancements.
      • October 18, 2017:  Update - Third-quarter corporate and agency data table for the TRACE Fact Book are now available.
    • Additional FINRA Updates
      • October 5, 2017: Regulatory Notice 17-31 - FINRA Amends Section 13 of Schedule A to the FINRA By-Laws to Establish Charges for New Option to File Websites and Web Pages in Native Format.
      • October 5, 2017: Regulatory Notice 17-30 - SEC Approves Consolidated FINRA Registration Rules, Restructured Representative-Level Qualification Examinations and Changes to Continuing Education Requirements
      • September 29, 2017: Regulatory Notice 17-28 - FINRA Makes Available Frequently Asked Questions and Guidance and Extends Effective Date of Margin Requirements for Covered Agency Transactions
  • SROs
    • LULD
      • October 12, 2017: Nasdaq Limit Up/Limit Down Amendment 12 Update
      • October 4, 2017: NYSE, NYSE AMERICAN, NYSE ARCA: ENHANCEMENT TO REOPENING PROCESS AFTER LULD TRADING PAUSE
      • September 29, 2017: SR-FINRA-2017-031 - Proposed Rule Change to Amend FINRA Rule 6121 to Reflect Recent Amendments to the Regulation NMS Plan to Address Extraordinary Market Volatility
  • Tick Sized Pilot
    • October 9, 2017: SR-NASDAQ-2017-107 - Proposed rule change to amend Nasdaq Closing Cross rules to: (1) reject all Market Maker Peg Orders flagged to participate in the Nasdaq Closing Cross; and (2) account for the minimum increment for Tick Size Pilot securities when re-pricing LOC Orders entered between 3:50 p.m. ET and immediately prior to 3:55 p.m. ET
    • August 31, 2017:  Appendix B Data Publication -  The August publication covers Appendix B data for the period from April 2016 through April 2017. Thereafter, data for a given month will be available on FINRA’s website within 120 calendar days following month end.
  • Additional SEC Updates
    • October 18, 2018:  SEC Appoints Brett Redfearn as Director of Division of Trading and Markets.
  • DOL Fiduciary Rule
    • Update - House Financial Services Committee voted on Oct 12 to kill the DOL Fiduciary Rule and replace it with Investment Advice regulation to be written by the SEC.

Exchange Updates:

    • Oct 12, 2017:  SR-CBOE-2017-064 - Notice of Filing of a Proposed Rule Change Relating to the Creation of an Electronic-Only Order Type.
    • Sept 29, 2017:  SR-C2-2017-025 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend Rule 6.45 Relating to Disaster Recovery.
    • Sept 29, 2017: SR-NYSENAT-2017-04 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Adopt Rules to Establish a Rule Numbering Framework in Connection with the Re-Launch of Trading on the Exchange.
  • FIF Working Group Updates: Please click here to Join Working Groups       


 

    • Consolidated Audit Trail (CAT)
      • October 16, 2017:  FIF submitted comments to Thesys CAT on Industry Member Specification.
      • October 13, 2017:  FIF held a working group meeting on review of CAT Industry Member Specification.
      • September 29, 2017:  FIF submitted a comment letter to the SEC on SRO Retirement Plans.
      • September 25, 2017:  FIF submitted a comment letter to Thesys CAT on Industry Member Specification .
      • September 25, 2017:  FIF held an outreach session with Thesys, covering new order events.
      • September 7, 2017:  Thesys CAT LLC released first draft of Industry Member Technical Specification.
      • September 7, 2017:  FIF participated in Industry Outreach Meeting with Thesys CAT LLC.
      • CAT NMS Plan Website
    • Large Trader Rule Phase 3
      • September 15, 2017:  FIF team met with SEC staff regarding Nov 1, 2017 LTR Phase 3 Compliance Date.
      • September 13, 2017:  FIF submitted a comment letter to the SEC reitering our position that LTR Phase 3 should be eliminated or, alternatively, the compliance date should postponed for three years to November 1, 2020.
    • Mark-Up/Mark-Down WG
      • October 19, 2017:  MSRB to host a webinar on Rule G-15 Rule Changes/Prevailing Market Price Calculation
      • July 12, 2017:  MSRB released FAQs/Guidance on confirms and PMP Calculation 
      • July 12, 2017:  FINRA released FAQs on rule enhancements to Fixed Income Confirmation Disclosures.
    • Cost Basis Working Group
      • The next Cost Basis Working Group meeting will be held on Thursday, November 9 @ 11:00 am ET.
    • LULD
      • FIF held a LULD Working Group call regarding the Amendments to FINRA Rule 6121 on October 6
    • Data & Technology
      • Next Meeting: October 25, 2017 @ 10:30 am ET
    • Retail Execution Quality
      • FIF to add marketable limits to Retail Execution Quality Statistics 
    • Reg SCI Working Group
      • Next Meeting, October 26 @ 3:00 PM ET.
    • FIF Industry Solutions Offering
      • Visit the FIF Industry Solutions Page for the Latest Products & Services from Fellow FIF Members
    • FIF has launched a Reg SCI/Cybersecurity Best Practices Group.  For further information, please contact the program office at fifinfo@fif.com.
    • 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
        • October 6, 2017: NYSE GROUP - MASTER USER AGREEMENT UPDATE
        • October 6, 2017: Nasdaq to Pause Implementation for Enhancements to the Closing Cross Process
        • October 5, 2017: NYSE Number 17-08 - MEMBER OBLIGATIONS UNDER THE MARKET ACCESS RULE
        • October 4, 2017: NYSE PROPRIETARY MARKET DATA - NYSE ARCA INTEGRATED FEED UPDATE REMINDER
        • October 3, 2017: Nasdaq and Nasdaq BX Updates Specifications to Support New Reject Order Reason
        • October 2, 2017: Nasdaq Updates Specifications to Support the Midpoint Extended Life Order
        • September 29, 2017: REVISED PRODUCTION LAUNCH DATE FOR DAILY TAQ - EFFECTIVE MONDAY, NOVEMBER 6, 2017 AND SAMPLE DATA
        • September 27, 2017: SR-NASDAQ-2017-101 - Proposal to extend the date on which certain changes concerning the continued listing requirements for exchange-traded products in the Nasdaq Rule 5700 Series, as well as a related amendment to Nasdaq Rule 5810, are implemented
      • Additional Updates - Options
        • October 6, 2017: Nasdaq Introduces New Compliance Report
        • October 6, 2017: NYSE OPTIONS: UTP CAPACITY EXPANSION - REMINDER
        • October 5, 2017: SR-Phlx-2017-67 - Order Approving a Proposed Rule Change Relating to Quarterly Trading Requirements
        • October 4, 2017: SR-Phlx-2017-75 - Notice of Filing of Proposed Rule Change to Amend Rule 1009 to Modify the Criteria for Listing an Option on an Underlying Covered Security
        • September 29, 2017: PHLX, NOM, BX, ISE, GEMX and MRX New Theoretical Price Calculator Tool for Obvious and Catastrophic Error Theoretical Price Determinations
        • September 25, 2017: CBOE - RG17-134 Electronic Only Orders
        • September 22, 2017: CHX - 34-81683 - Order Approving a Proposed Rule Change Regarding Qualified Contingent Trades and Related Information Recording Obligations by Certain Participants
        • September 22, 2017: Nasdaq ISE Updates Technical Specification
        • September 22, 2017: NYSE OPTIONS - UTP CAPACITY EXPANSION