Equity Market Structure Advisory Committee — Regulation NMS Subcommittee

Summary Minutes of October 11, 2016 Call

The Regulation NMS Subcommittee held a call on October 11, 2016, to consider and discuss the next topics for Subcommittee review.

The call convened at approximately 4:00 p.m. The following Subcommittee members were on the call:

Kevin Cronin
Mehmet Kinak
Joe Mecane
Eric Noll
Joe Ratterman
Chester Spatt
Gary Stone

The following industry participant was also on the call:

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: 

Richard Holley
Arisa Kettig
Erika Berg
Benjamin Brady

The main order of business was to consider and discuss topics that the Subcommittee will focus on next.  Topics discussed included Rule 611 of Regulation NMS, a block-trade exemption, market data, and sub-penny trading.

The Subcommittee intends to meet again to narrow and discuss how to focus their review.

The call concluded at approximately 4:50 p.m.