Equity Market Structure Advisory Committee — Regulation NMS Subcommittee

Summary Minutes of October 11, 2016 Call

The Trading Venues Regulation Subcommittee held a call on October 11, 2016, to discuss potential topics for further Subcommittee review.

The call convened at approximately 10:30 a.m. via telephone.  The following Subcommittee members were on the call:

Reggie Browne
Richard Ketchum
Joseph Mecane
Maureen O’Hara
Joe Ratterman
Gary Stone

The following person was also on the call:

Stephanie Dumont, FINRA
Alex Ellenberg, FINRA

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

Nancy Burke-Sanow
Katie Levine
Debby Flynn
Arisa Kettig

The main order of business was to discuss potential topics that the Subcommittee may focus on, including exchanges’ limitation of liability rules, centralization of regulatory functions, and the utility and framework of the consolidated market data feeds.

The call concluded at approximately 10:55 a.m.