Decimalization Roundtable:
Agenda

Hosted by Division of Market Regulation
U.S. Securities and Exchange Commission
December 11, 2000
Room 1C30 - William O. Douglas Room
2:00 p.m. to 5:05 p.m.

In order to facilitate our discussion on decimalization the following agenda has been provided. Discussion times have been recommended so that all the major issues can be addressed during the course of our meeting.

I. INTRODUCTORY REMARKS

Chairman Levitt, Commissioner Hunt, Commissioner Unger

(Time: 2:00 p.m. to 2:05 p.m.)

II. IMPACT OF DECIMALIZATION ON THE MARKETS

1. SPREADS, QUOTES, AND LIQUIDITY

(Time for Discussion: 1 hour: 2:05 p.m. to 3:05 p.m.)

2. PRICE PRIORITY

(Time for Discussion: 1 hour: 3:05 p.m. to 4:05p.m.)

3. ORDER PLACEMENT AND TRADING STRATEGIES

(Time for Discussion: 20 minutes: 4:05 p.m. to 4:25 p.m.)

4. SHORT SALES

(Time for Discussion: 15 minutes: 4:25 p.m. to 4:40 p.m.)

III. SYSTEM ISSUES

(Time for Discussion: 20 minutes: 4:40 p.m. to 5:00 p.m.)

IV. CONCLUDING REMARKS

Annette L. Nazareth
Director of the Division of Market Regulation

(Time: 5:00 p.m. to 5:05 pm.)