Meeting Details

• Date: Tuesday, April 14, 2009 @ 11 AM ET

Meeting Agenda

• TRACE Expansion: SR-FINRA-2009-010 - Proposed Rule Change Relating to the Expansion of TRACE to Include Agency Debt Securities and Primary Market Transactions (Justin Tubiolo)
• FINRA OATS Implementation Questions
  • What are the implementation issues/considerations of firms and service bureaus to provide:
    • Identifiers linking related ISO orders so that each related ISO order would include the same identifier?
    • The price at which firms route orders;
    • 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.  
• FIF Cost-Basis WG Update
• Options Symbology Initiative Update (FIF OSI relevant Links page)
1. FINRA 09-18 – Electronic Blue Sheet Submissions Following Implementation of the Option Symbology Initiative
2. NSCC A#6808 – Options Symbology Initiative(OSI) – ACATS & CBRS Mandatory Modifications – Effective Date: Feb 8, 2010
• Treasury Markets Practice Group (TMPG) Recommended Fails Charge – Effective Date: May 1, 2009
1. Treasury Market Best Practices Revised
2. U.S. Treasury Securities Fails Charge Trading Practice
3. Frequently Asked Questions: Claiming a Fails Charge for a Settlement Fail
• DTCC Updates
1. NSCC A#6802 – Revised Implementation Date for use of Correspondent data in RTTM Municipal Bond Trade Matching & Permitting Trade Modifies of Unmatched Corporate, Municipal & UIT (CMU) Trades After Submission Date
2. NSCC A#6791 – NSCC enhancements to the Networking Services for DTCC WebDirect and mainframe users – Effective Date: May 18, 2009
3. DTCC White Paper: Service Description for Central CounterParty (CCP) for Mortgage-Backed Securities – The Next Steps
4. DTCC #4904-09 – Optional Use of The Depository Trust Company's (“DTC”) Mandatory Exchange Platform for Rule 144A and Reg. S Securities that have become unrestricted securities.
5. NSCC A#6798 – Enhancements to Mutual Fund Profile Daily Price & Rate Service – Effective Date: May 18, 2009
• Front Office Updates
1. Rule 92/Manning Harmonization: FINRA 09-15  and Proposed Harmonization of NYSE and NYSE Amex Equities Rule 92 and FINRA's Manning Rule. FIF to comment by April 24, 2009
2. Modified Uptick Rule: Nasdaq/NYSE/BATS/NSX letter to the SEC and DirectEdge comment letter to the SEC, outlining the consequences of the Modified Uptick Rule.