The FIF Front Office Committee tracks Short Sale Circuit Breaker implementation at the industry level. The following links point to websites and documents and are updated periodically and maintained on a best efforts basis. Please check the source websites (SEC, Exchange, etc.) for the most current information. Email updates for this page to to=fifinfo@fif.com" target="_blank" style="color: rgb(0, 123, 160); text-decoration: none; outline: 0px; font-weight: bold; line-height: inherit;">fifinfo@fif.com. Links added since the last update are highlighted as *NEW*.
Short Sale Monitoring
- NYSE Listed Securities
- FTP NYSE Listed Securities
- NASDAQ Listed Securities
- FTP NASDAQ Listed Securities
FIF
SEC
- Apr 10, 2012: Updated Regulation SHO FAQ 2.4(A)
- Feb 07, 2011; SEC grants NYSE’s request for Exemptive Relief
- Jan 20, 2011; Updated Short Sale FAQs Available
- Nov 04, 2010; Press Release: SEC Extends New Short Sale Rule Compliance Date to Feb 28, 2011
- Nov 04, 2010; SEC Notice on Extension of Short Sale Rule Compliance Date
- Oct 06, 2010; Responses to Frequently Asked Questions Concerning Rule 201 of Regulation SHO
- Feb 28, 2010; Release No. 34-61595 – Amendments to Regulation SHO – Effective Date: May 10, 2010, Compliance Date: Nov 10, 2010
- Feb 24, 2010; SEC Approves Short Selling Restrictions
- Sep 08, 2009; SEC Responses to Frequently Asked Questions concerning Regulation SHO web page
- Apr 10, 2009; SEC Proposed Amendments to Regulation SHO
Exchanges/SIP
- Jan 31, 2011; NYSE sell Short Restriction Industry Testing on 2/12/11 and 2/26/11
- Jan 28, 2011; NASDAQ Data Technical News #2011-3 - Reg SHO Testing Availability
FINRA OATS/Trade Reporting
- Nov 08, 2010; FINRA OATS Reporting Technical Specifications Update
- Nov 04, 2010; OATS Release Delayed
- Oct 12, 2010; Regulatory Notice 10-48 – Amendments to FINRA Trade Reporting and OATS Rules to Reinstitute Short Sale Exempt Marking and to Require Price and Short Exempt Identifier on Route Reports
- Sep 27, 2010; New FAQs, C85 and C86, and Additional Time to Test OATS Release
- Sep 01, 2010; OATS Telephone Conference - Sep 8 @ 4:15 PM ET
- Aug 6, 2010; SR-FINRA-2010-043: Proposed Rule Change to Reinstitute Short Exempt Marking for Trade Reporting and OATS.
- Jun 28, 2010; OATS to Reinstate Short Exempt Code
- Jun 07, 2010; OATS Reporting Technical Specifications
NASDAQ ACT
- Nov 9, 2011; Equity Technical Update #2011-15 – NASDAQ ACT Technology Modifications to Support Short Sale Reporting Changes via FIX – Effective December 12, 2011 *NEW*
- Nov 10, 2010; Equity Technical Update #2010-25 - NASDAQ ACT to Disallow Short Sale Exempt Indicators Until February 28, 2011
- Sep 21, 2010; Equity Technical Update #2010-15 - NASDAQ ACT to Offer Testing for Reg SHO Changes on Saturday, September 25, 2010
- Jul 28, 2010; Equity Technical Update #2010-11 - NASDAQ ACT to Reintroduce Support of Short Sale Exempt Codes
- Apr 19, 2010; Equity Technical Update #2010-7 - NASDAQ ACT Unsolicited Messages to Include Short Sale Information Effective April 26, 2010
BATS
- Feb 23, 2011; SR-BATS-2011-002, SR-BYX-2011-002 – Approval to Amend BATS/BYX Rules in Connection with the Implementation of Amendments to Reg SHO
- Feb 02, 2011; BATS Regulation SHO Update and Testing Opportunity on Saturday, February 12, 2011
- Jan 25, 2011; SR-BATS-2011-002 – BATS Proposed Rule Change on Short Sale Price Sliding
- Nov 05, 2010; BATS Exchange Regulation SHO Amendment FAQ *Last Updated Nov 5*
- Nov 05, 2010; Short Sale Circuit Breaker Order Handling Scenarios
- Oct 19, 2010; BATS Reg SHO Update and Final Reminder of Related Technical Specification Changes Effective Saturday, October 23, 2010
- Oct 14, 2010; BATS Exchange Short Sale Circuit Breaker Order Handling Scenarios
- Sep 21, 2010; BATS Exchange (BZX) to Participate in SIFMA BCP/Reg SHO Testing on Saturday, October 23rd, 2010
- Sep 07, 2010; BATS Exchange (BYX/BZX) TCP FAST PITCH Technical Specification Update
CBSX
- Feb 25, 2011; RG11-033 – Short Sale Marking (Reminder)
- Feb 14, 2011; Regulation SHO Frequently Asked Questions
- Jan 25, 2011; SR-CBOE-2011-005 - Approval of Rule Change Related to Short Sale Order Handling
- Oct 08, 2010; IC10-162 CBSX Trader News Update Industry-Wide Disaster Recovery & New Short-Sell Rule Testing
Chicago Stock Exchange
- Oct 18, 2010; Chicago Stock Exchange Regulation SHO Alternative Uptick Test
- Oct 18, 2010; Chicago Stock Exchange Rule 201 FAQs
Direct Edge
- Nov 15, 2011; Direct Edge Updates FIX Short Sale Order Marking Requirements
- Feb 28, 2011; SR-EDGA-2011-05, SR-EDGX-2011-04 – Approval to Amend EDGA Rules 11.5, 11.9, and 11.15 to Make Certain Changes Consistent with the Upcoming Implementation of Amendments to Reg SHO
- Feb 15, 2011; Industry wide Short Sale Circuit Breaker testing on Saturday, 2/26/11
- Feb 02, 2011; Direct Edge Short Sale Circuit Breaker FAQ
- Oct 19, 2010; Direct Edge Short Sale Circuit Breaker (Rule 201) FAQ *Last Updated Oct 19*
NASDAQ OMX (NASDAQ, NASDAQ OMX BX, and NASDAQ OMX PSX)
- Feb 25, 2011; SR-NASDAQ-2011-030 – Approval to Adopt New Rule 4763 to Implement the Amendments to Regulation SHO
- Feb 25, 2011; SR-BX-2011-010 – Approval to Adopt New Rule 4763 Regarding Short Sales
- Feb 25, 2011; SR-Phlx-2011-27 – Approval to Amendments to Rules 200(g) and 201 of Regulation SHO Applicable to Complex Orders
- Feb 25, 2011; SR-Phlx-2011-25 – Approval to Adopt New Rule 3303 to Implement the Amendments to Reg SHO
- Feb 25, 2011; Options Technical Update 2011-04 – NASDAQ OMX PHLX Updates FIX and SQF Technical Specifications
- Jan 28, 2011; Equity Technical Update 2011-1 - Testing for Reg SHO Changes Available Saturday, February 12, 2011 and Saturday, February 26, 2011
- Jan 28, 2011; NASDAQ Reg SHO FAQs *Last Updated Jan 28, 2011*
- Nov 09, 2010; Equity Technical Update #2010-24 - Update on Changes to Reg SHO
- Nov 04, 2010; Equity Technical Update #2010-23 - Implementation of Regulation SHO Changes Delayed Until February 28, 2011
- Oct 27, 2010; Equity Technical Update #2010-22 - Additional Testing for Reg SHO Changes Available Saturday, November 6, 2010 and During Regular NTF Hours of Operation
- Oct 22, 2010; Equity Technical Update #2010-21 - NASDAQ Testing Facility will Support Testing of Reg SHO Changes
- Oct 19, 2010; Equity Technical Update #2010-20 - Testing for Reg SHO Changes Available Saturday, October 23, 2010
- Sep 10, 2010; UTP Vendor Alert #2010 - 13 Evening Testing Opportunities for New Reg SHO Circuit Breaker Message
- Aug 12, 2010; Equity Technical Update #2010-13 - NASDAQ OMX Announces Update Regarding Short Sale Exempt Codes
- Jul 15, 2010; Data Technical News #2010-23 – NASDAQ OMX Will Introduce New Reg SHO Circuit Breaker Message Format In Fourth Quarter 2010
National Stock Exchange
- Oct 06, 2010; NSX Regulation SHO Short Sale Circuit Breaker
NYSE (NYSE, NYSE Amex and NYSE Arca)
- Apr 27, 2011; SR-NYSEAmex-2011-29, SR-NYSE-2011-19, SR-NYSEArca-2011-22 - Approval of Proposed Rule Change Amending Rules to Modify the Exchange's Procedures for Early Termination of the Short Sale Price Test Restrictions of Rule 201 of Regulation SHO Based on a Triggering Transaction that Another Exchange or a Self-Regulatory Organization Has Determined Was a Clearly Erroneous Execution
- Mar 28, 2011; SR-NYSE-2011-11 – Approval of Proposed Rule Change Amending NYSE Rule 440B
- Mar 07, 2011; NYSE Short Sale Restriction Symbol List
- Feb 25, 2011; SR-NYSEArca-2011-05 – Approval to Amend NYSE Arca Equities Rule 7.16 (Short Sales) in Order to Implement the Provisions of Rule 201 of Reg SHO
- Feb 25, 2011; SR-NYSE-2011-07 – Approval to Amend Exchange Rule 1600 (New York Block Exchange) to Add Provisions on Short Sales in Order to Implement the Provisions of Rule 201
- Feb 25, 2011; SR-NYSE-2011-06 – Approval to Adopt Supplementary Material .20 to Rule 123C to Provide for the Treatment of Short Sale Orders at the Close
- Feb 25, 2011; SR-NYSE-2011-05 – Approval to Amend Rule 440B (Short Sales) in Order to Implement the Provisions of Rule 201 of Reg SHO
- Feb 25, 2011; SR-NYSEAmex-2011-09 – Approval to Adopt Supplementary Material .20 to NYSE Amex Equities Rule 123C to Provide for the Treatment of Short Sale Orders at the Close
- Feb 25, 2011; SR-NYSEAmex-2011-08 – Approval to Amend NYSE Amex Equities Rule 440B (Short Sales) in Order to Implement the Provisions of Rule 201 of Reg SHO
- Feb 25, 2011; NYSE Regulation Short Sale Price Test Amendments
- Feb 25, 2011; Updated NYSE Arca SEC Rule 201 (Short Sale) FAQ available
- Feb 23, 2011; Update: NYSE and NYSE Amex Sell Short Processing - New FAQs and revised test script
- Feb 23, 2011; UPDATE: Reg SHO Testing February 26th
- Feb 22, 2011; Update: Sell Short Restriction Industry Testing on 2/19/11
- Feb 16, 2011; Sell Short Restriction Industry Testing on 2/19/11
- Feb 16, 2011; Sell Short Restriction Industry Testing on 2/12/11 - Test Script
- Feb 09, 2011; NYSE Arca Mahwah Testing and Migration Schedule Update
- Feb 11, 2011; Updated NYSE and NYSE Amex Short Sale FAQs
- Feb 07, 2011; SEC grants NYSE’s request for Exemptive Relief
- Feb 04, 2011; Sell Short Restriction Industry Testing on 2/12/11 - Test Schedule
- Jan 31, 2011; NYSE sell Short Restriction Industry Testing on 2/12/11 and 2/26/1
- Nov 05, 2010; New Reg SHO Implementation Date
- Oct 27, 2010; Sell Short Restriction Industry Testing on 10/30/10
- Oct 26, 2010; Update: Sell Short Restriction Industry Testing on 10/23/10 Post Mortem and Additional Testing Opportunities
- Oct 22, 2010; NYSE Arca UPDATE: SIFMA BCP/Reg SHO Testing, October 23, 2010
- Oct 21, 2010; Update: CORRECTION - Sell Short Restriction Industry Testing on 10/23/10
- Oct 19, 2010; NYSE Arca SIFMA BCP/Reg SHO Testing, October 23, 2010
- Oct 18, 2010; NYSE Sell Short Restriction Industry Testing on 10/23/10
- Oct 08, 2010; NYSE Arca SEC Rule 201 (Short Sale) FAQs
- Oct 05, 2010; NYSE/NYSE Amex Alerts enhancements to support SEC Rule 201 Short Sale Restrictions effective on Mon, Nov 15, 2010
- Sep 14, 2010; NYSE, NYSE Amex Reg SHO FAQs
- Aug 03, 2010; Technical Changes in Support of Sell Short Exempt Orders Types
- Aug 02, 2010; Updated NYSE Common Customer Gateway (CCG) Specifications
CTA
- Nov 17, 2010; New CTS/CQS Short Sale Restriction Indicators: Implementation Update
- Jul 16, 2010; New CTS/CQS Short Sale Restriction Indicators
- Sep 10, 2010; UTP Vendor Alert #2010 - 13 Evening Testing Opportunities for New Reg SHO Circuit Breaker Message
- Jul 15, 2010; UTP Vendor Alert #2010-9 - UTP SIP Will Introduce New Reg SHO Circuit Breaker Message Format in Fourth Quarter 2010