Equity Market Structure Advisory Committee — Market Quality Subcommittee

Summary Minutes of June 16, 2016 Meeting

The Market Quality Subcommittee held a call on June 16, 2016, to discuss and finalize the Subcommittee’s preliminary recommendations.

The call convened at approximately 1:00 p.m. via telephone. The following Subcommittee members were on the call:

Matt Andresen
Reginald Browne
Kevin Cronin
Mehmet Kinak
Maureen O’Hara
Jamil Nazarali
Eric Noll

The following staff from the Division of Trading and Markets joined the call:

John Roeser
Daniel Gray
Alex Jadin
Vince Vuong
Arisa Kettig

The following staff from the Division of Economic and Risk Analysis also joined the call:

Austin Gerig
Claudia Moise

The first order of business was to further discuss and finalize the Subcommittee’s preliminary recommendations related to limit-up/limit-down, market wide circuit breakers, and the market opening process and procedures.

The next order of business was a discussion regarding next steps regarding a review of small and mid-cap liquidity issues.

The meeting concluded at approximately 2:30 p.m.