November 28, 2017 - Front Office Meeting Agenda

Meeting Details

  • When: Tuesday, November 28, 2017 @ 4:00 PM ET

Meeting Agenda

  • FINRA Updates
    • ORF
      • October 23, 2017: FINRA Updates FINRA Transparency Services Uniform Executing Broker Agreement 
    • TRACE
      • November 3, 2017: Regulatory Notice 17-36 - SEC Approves Rule Amendment to Create a New TRACE Security Activity Report and End-of-Day TRACE Transaction File.
      • October 30, 2017: SR-FINRA-2017-032 - Proposed Rule Change to Make Permanent the TRACE Exemption in FINRA Rule 6730(e)(4).
    • Additional FINRA Updates
      • November 14, 2017: FINRA/NYSE TRF - DR IP CHANGE - ACTION REQUIRED
      • October 31, 2017: Regulatory Notice 17-35 - Broker-Dealer, Investment Adviser Firm, Agent and Investment Adviser Representative, and Branch Renewals for 2018.
  • NMS Plans
    • November 21, 2017: 34-82135 -  Notice of Designation of Longer Period for Commission Action on Proceedings to Determine Whether to Approve or Disapprove the Proposed Rule Changes, as Modified by Amendments Thereto, to Eliminate Requirements That Will Be Duplicative of CAT.
    • November 14, 2017: 34-82072 - Notice of Filing and Immediate Effectiveness of the Fortieth Amendment to the Joint Self-Regulatory Organization Plan Governing the Collection, Consolidation and Dissemination of Quotation and Transaction Information for Nasdaq-Listed Securities Traded on Exchanges on an Unlisted Trading Privileges Basis
    • October 18, 2017: 34-81893 - Notice of Filing of the Fourth Amendment to the Plan for the Purpose of Developing and Implementing Procedures Designed to Facilitate the Listing and Trading of Standardized Options
  • Additional SEC Updates
    • November 9, 2017: 33-10435 - Investor Advisory Committee Meeting
    • October 26, 2017: 34-81958 - Notice of Federal Advisory Committee Establishment
  • Congressional Hearings
    • November 30, 2017:  The House Subcommittee on Financial Services will be holding a hearing on the Implementation of CAT Cybersecurity Protocols on Thursday, November 30 at 10:00 am
  • SROs
    • November 13, 2017:  The SROs filed an Exemptive Relief Request from certain provisions of the CAT NMS Plan.
    • November 14, 2017:  Commissioner Clayton issues a statement rejecting the SRO request for exemptive relief as currently proposed.
  • Exchange Updates
    • NYSE- OATS Industry Testing for Tapes B and C.
  • FIF Working Group Updates: Please click here to Join Working Groups.
    • Consolidated Audit Trail (CAT)
      • November 17, 2017: FIF held a CAT Working Group Meeting
      • October 16, 2017:  FIF submitted comments to Thesys CAT on 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
      • November 13, 2017:  FIF met with the SEC, MSRB, and FINRA to discuss potential extention of the Implementation Timeframe
      • 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, December 7 @ 11:00 am ET.
    • LULD
      • The compliance date of recent changes to FINRA Rule 6121 to reflect Amendment 12 of the LULD plan occurred on November 20, 2017
    • Data & Technology
      • Next Meeting: December 20, 2017 @ 10:30 am ET
    • Retail Execution Quality
      • FIF to add marketable limits to Retail Execution Quality Statistics 
    • Reg SCI Working Group
      • Next Meeting, November 30 @ 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
        • November 15, 2017: NYSE GROUP: BUSINESS CONTINUITY PLANNING/DISASTER RECOVERY TESTING OPPORTUNITY ON DEC. 16, 2017
        • November 13, 2017: 34-82066 - Notice of Filing of Amendment No. 3, and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 3, to Amend NYSE Arca Rule 8.700-E and to List and Trade Shares of the ProShares European Volatility Futures ETF.
        • November 13, 2017: SR-NASDAQ-2017-123 - Proposal to list and trade under Nasdaq Rule 5745 the common shares of the exchange-traded managed funds
        • November 13, 2017: SR-NASDAQ-2017-119 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Rule 7014
        • November 10, 2017: Nasdaq To Implement Enhancements to the Closing Cross Process
        • November 10, 2017: Nasdaq Announces 2018 Saturday Testing Schedule
        • November 9, 2017: SR-NASDAQ-2017-122  - A proposed rule change to amend Rule 4702
        • November 8, 2017: SR-NASDAQ-2017-121 - A proposed rule change to clarify the purposes for which the Exchange uses securities information processor data
        • November 7, 2017: 34-82028 - Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to Adopt New Equity Trading Rules to Trade Securities Pursuant to Unlisted Trading Privileges, Including Orders and Modifiers, Order Ranking and Display, and Order Execution and Routing on Pillar, the Exchange's New Trading Technology Platform
        • November 6, 2017: Reminder: Addition of Tapes B&C Test Symbols to NYSE Trades and Imbalances Feeds
        • November 1, 2017: Reminder - NYSE Arca Integrated Feed v2.1
        • October 24, 2017: Nasdaq - 34-81930 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Nasdaq Closing Cross Rules.
        • October 19, 2017: CHX - 34-81913 - Notice of Filing of Amendments No. 1 and No. 2 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendments No. 1 and No. 2, to Adopt the CHX Liquidity Enhancing Access Delay on a Pilot Basis
      • Additional Updates - Options
        • November 13, 2017: Nasdaq ISE, GEMX, and MRX Updates Technical Specification
        • November 9, 2017: NYSE Options: Expansion of Self-Trade Prevention for Market Makers
        • November 3, 2017: RG17-156 Extended Trading Hours - SPX Lead Market Maker 
        • November 2, 2017: RG17-155 Rejection of All-or-None ("AON") Orders in Proprietary Option Classes on the Cboe Options Exchange 
        • October 31, 2017: SR-BatsEDGX-2017-43 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend Rule 20.6, Nullification and Adjustment of Options Transactions including Obvious Errors
        • October 31, 2017: Nasdaq to change System start up time for PHLX, NOM and BX
        • October 30, 2017: SR-Phlx-2017-34 - Notice of Filing of Amendment No. 1, and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, to add an Exception to Phlx Rule 1000(f)(iii) for certain Floor Broker Transactions and add the Snapshot Functionality to the Options Floor Broker Management System
        • October 27, 2017: SR-Phlx-2017-79 - Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 1, to Establish a Nonstandard Expirations Pilot Program on a Pilot Basis, for an Initial Period of Twelve Months from the Date of Approval of this Proposed Rule Change
        • October 27, 2017: RG17-150 PULSe Trader Workstation Enhancement Release 4.6.0 
        • October 23, 2017: SR-BatsEDGX-2017-38 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend Rule 11.10, Order Execution
        • October 23, 2017: SR-BatsEDGX-2017-39 - Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 21.1, Definitions, to Modify Stop Orders and Stop Limit Orders Applicable to the Exchange's Equity Options Platform in Preparation for the C2 Options Exchange, Incorporated Technology Migration
        • October 19, 2017: SR MIAX 2017 44 - Amend Rule 518, Complex Orders, regarding derived order handling.
        • October 18, 2017: Nasdaq Announces Changes to Minimum Quote Size Requirements
        • October 16, 2017: NYSE Options: Expansion of Self-Trade Prevention for Market Makers
      • Next Meeting Date:  Tuesday, December 19, 2017 @ 4:00 PM ET.

_________________________________________________________________

Financial Information Forum
fifinfo@fif.com
Phone: +1 212 422 8568
Fax: +1 212 422 8570
FIF URL: www.fif.com

 

Note: The information contained in this agenda is for FIF member use only. You are hereby notified that any dissemination, distribution or copying of this communication to individuals outside the FIF membership, is strictly prohibited. If you have received this communication in error, please notify the fifinfo@fif.com immediately, and please delete it from your system. Thank you