Equity Market Structure Advisory Committee — Market Quality Subcommittee
Summary Minutes of October 31, 2016 Meeting
The Market Quality Subcommittee held a call on October 31, 2016, to discuss exchange-traded funds (ETFs).
The call convened at approximately 9:00 a.m. via telephone. The following Subcommittee members were on the call:
The following industry participants joined the call:
Bill Belden, Guggenheim
Brandon Clark, Legg Mason
George Foster, ProShares
Nicole Hunter, Blackrock
Dave Lavalle, StateStreet
Rich Ledee, ProShares
Eric Pollackov, Invesco
Ben Slavin, WisdomTree
The following staff from the Division of Trading and Markets joined the call:
The following staff from the Division of Economic and Risk Analysis also joined the call:
The main order of business was a roundtable discussion among the Subcommittee members and industry participants focused on ETF issues. ETF related topics of discussion included capital formation, market structure, initial and continued listing standards, market maker programs and obligations, order types, and investor education.
The meeting concluded at approximately 10:50 p.m.