Fixed Income Market Structure Advisory Committee — Corporate Bond Transparency Subcommittee

Summary Minutes of August 13, 2018 Call

The Corporate Bond Transparency Subcommittee held a call on August 13, 2018 to discuss transparency in the corporate bond market.

The call convened at approximately 12:30 p.m. via telephone. The following Subcommittee Members were on the call:

Gilbert Garcia
Tom Gira
Larry Harris
Scott Krohn
Amar Kuchinad
Rick McVey
Kumar Venkataraman
Mihir Worah
Michael Heaney

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

Ben Bernstein
Tom Eady
Michael Gaw
Molly Kim
Patrick Norton
Justin Pica
Dave Shillman
Ted Uliassi

The following staff from the Office of Municipal Securities were also on the call:

Ahmed Abonamah

The following staff from the Division of Economic and Risk Analysis were also on the call:

Louis Craig
Abby Kim
Michael Schihl

The Subcommittee discussed the takeaways from the panel discussions on pre-trade transparency in Europe and the United States that were part of the July 16 FIMSAC meeting. The Subcommittee also discussed next steps and potential areas of focus for the Subcommittee, including price discovery in the retail and institutional markets and pre-trade markup disclosure.

The call concluded at approximately 1:45 p.m.