Equity Market Structure Advisory Committee — Market Quality Subcommittee
Summary Minutes of June 29, 2016 Meeting
The Market Quality Subcommittee held a call on June 29, 2016, to discuss issues related to liquidity on small cap issuers.
The call convened at approximately 1:00 p.m. via telephone. The following Subcommittee members were on the call:
The following industry participants joined the call:
Dick Cancelmo, Bridgeway Capital Management
Cromwell Coulson, OTC Markets
Nick Thadaney, TMX
The following staff from the Division of Trading and Markets joined the call:
The first order of business was presentations by Messrs. Coulson, Thadaney, and Cancelmo regarding their views of issues affecting the liquidity of small cap stocks.
Following these presentations, the Subcommittee members and industry participants discussed issues raised and potential revisions to the Subcommittee’s preliminary recommendations, including incorporating input from industry participants.
The meeting concluded at approximately 2:35 p.m.