Posted: November 18, 2015
Tick Size Pilot Data Collection Date Moved to April 4, 2016
In light of the SEC’s order exempting FINRA and the other SROs from implementing the Tick Size Pilot until October 3, 2016, and the resulting delay in the data collection start date until April 4, 2016, FINRA has moved the CT and Production dates for the OATS Tick Size changes until February 22, 2016 and April 4, 2016, respectively. The OATS Reporting Technical Specifications have been updated to reflect these new dates. In addition, FINRA has published FAQ on the OATS Tick Size reporting requirements. These OATS Tick Size FAQ can be viewed at http://www.finra.org/industry/tick-size-pilot-oats-data-collection-faq. A new test date and additional information on the reporting requirements for Tick Size Market Maker transaction data will be announced shortly.
Posted: November 16, 2015
FINRA Files Tick Size Data Collection and Quoting and Trading Rules
On November 13, 2015, FINRA filed proposed rules with the SEC governing the data collection requirements for FINRA members with the NMS Plan to Implement a Tick Size Pilot Program (Plan). FINRA also filed proposed rules governing the quoting and trading requirements of the Plan. BATS Exchange, Inc. has also filed similar proposed rules governing exchange member requirements for both the data collection and quoting and trading requirements of the Plan. FINRA’s rule filings may be viewed at http://www.finra.org/industry/tick-size-pilot-program. Also, on November 6, 2015, the SEC issued an order exempting FINRA and the other SROs from implementing the Tick Size Pilot until October 3, 2016. This delay extends the data collection start date until April 4, 2016.