Fixed Income Market Structure Advisory Committee — Corporate Bond Transparency Subcommittee

Summary Minutes of September 24, 2018 Call

The Corporate Bond Transparency Subcommittee held a call on September 24, 2018 to discuss market conditions in the retail corporate bond market.

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

Dan Allen
Gilbert Garcia
Tom Gira
Larry Harris
Scott Krohn
Amar Kuchinad
Rick McVey
Sonali Theisen
Kumar Venkataraman
Mihir Worah

The following industry participants were on the call:

Steve Boff, Stifel
Thomas Frank, Interactive Brokers
Renzo Iturrino, Fidelity Capital Markets
Kevin Lynyak, Morgan Stanley

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

Elizabeth Baird
Ben Bernstein
David Dimitrious
Tom Eady
Michael Gaw
Molly Kim
Justin Pica
Ted Uliassi

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

Louis Craig
Abby Kim

The following staff from the Division of Investment Management were also on the call:

Christian Broadbent

The industry participants who were on the call shared their views on liquidity, price transparency, and other market conditions in the retail corporate bond market and responded to questions from Subcommittee members.

The call concluded at approximately 11:30 a.m.