• Date: Thursday, April 16, 2009 @ 4:00 PM ET
• Location: Jordan & Jordan. 5 Hanover Sq. FL. 2, New York, NY, 10004 (Registration required for security)

Meeting Agenda

• Rule 92 / Manning Harmonization
  1. FINRA 09-15 – FINRA Requests Comment on Proposed Consolidated FINRA Rules Governing Limit and Market Order Protection. Comment Period Expires April 24, 2009
  2. NYSE InfoMemo 09-13 – Request for Comments: Proposed Harmonization of NYSE and NYSE Amex Equities Rule 92 and FINRA's Manning Rule
• OATS
1. FINRA OATS Compliance – New FAQ on Sponsored Access (see last question on sponsored access)
2. FINRA OATS OTC – New FAQ on Pink Link
3. FINRA Request for Feedback regarding implementation impact of several OATS changes. Specifically, what are the implementation issues / considerations of firms and service bureaus to provide:
   1. Identifiers linking related ISO orders so that each related ISO order would include the same identifier?
   2. The price at which firms route orders;
   3. Routed Order Identifiers, for both Inter-firm Routes and Exchange Routes, that are unique to the firm within the day (with limited exceptions such as when the Bunched Route Flag is set to Y. What is the feasibility of using a unique routed order ID when submitting a route report.  While today firms have the ability to re-use routed order IDs, FINRA is considering requiring that they be unique so that they can narrow their matching criteria by Routed ID.  
• Short Sale Regulation
1. SEC Proposal on Amendments to Regulation SHO – Comments Available
2. April 8th 2009 SEC Open Meeting
1. SEC Seeks Comments on Short Sale Price Test and Circuit Breaker Restrictions
2. Chairman Schapiro Opening Statement Before the Commission Open Meeting
3. In a letter to the SEC , NASDAQ OMX, NYSE Euronext, BATS and the National Stock Exchange proposed a Modified Uptick Rule that would enhance current rules designed to prevent abusive short selling
4. DirectEdge submitted a comment letter to the SEC, outlining the consequences of the Modified Uptick Rule.
• NYSE Updates
1. SEC Release No. 34-59621; File No. SR-NYSE-2009-30 – Extension of Operative Date of NYSE Rule 92(c)(3) from March 31, 2009 to July 31, 2009
2. SEC Release No. 34-59613; File No. SR-NYSE-2009-27 – NYSE Rule 124 Amended to Execute the Odd-Lot Portion of a Part of a Round-Lot Order Pursuant to the Same Pricing Methodology Used for Odd-Lot Orders
3. NYSE Trading Technology Information Memo, March 27, 2009 – New Database (SDBK): Cancel Replace to Reduce Functionality
• FINRA Updates
1. SR-FINRA-2009-010 - Proposed Rule Change Relating to the Expansion of TRACE to Include Agency Debt Securities and Primary Market Transactions
• Options Update
1. Options Penny Pilot Program Update – Extension to July 3, 2009
2. FINRA 09-18 – Electronic Blue Sheet Submissions Following Implementation of the Option Symbology Initiative
3. Release No. 34-59647; File No. 4-546 – Proposed Options Order Protection and Locked/Crossed Market Plan by NYSE AMEX, CBOE, ISE, Nasdaq, NYSE Arca, and Phlx (See SEC questions on p. 20)