Equity Market Structure Advisory Committee — Regulation NMS Subcommittee
Summary Minutes of May 5, 2016 Call
The Regulation NMS Subcommittee held a call on May 5, 2016, to finalize the framework for the access fee pilot program recommendation (the “Pilot”) that was presented to the full Committee at the April 26, 2016 meeting.
The call convened at approximately 1:00 p.m. The following Subcommittee members were on the call:
The following industry participant was also on the call:
Chris Concannon, BATS Global Markets
Charles Jones, Columbia University
Faris Matalka, E-Trade
Adam Nunes, Hudson River Trading
The following staff from the Division of Trading and Markets joined the call:
The following staff from the Division of Economic and Risk Analysis joined the call:
The main order of business was to discuss, revise, and finalize the Pilot recommendation, including among other things, the number of securities to be included, duration of the Pilot, and items for public comment.
The Subcommittee intends to circulate the revised Pilot framework for a Subcommittee vote.
The call concluded at approximately 1:55 p.m.