Fixed Income Market Structure Advisory Committee — Municipal Securities Transparency Subcommittee

Summary Minutes of October 15, 2018 Call

The Municipal Securities Transparency Subcommittee held a call on October 15, 2018.

The call convened at approximately 2:00 p.m. via telephone. The following Subcommittee Members were on the call:

Lynn Martin
Matt Andresen
Michael Heaney
John Bagley
Ananth Madhavan
Horace Carter
Amy McGarrity
Carole Brown

The following staff from the Office of Municipal Securities joined the call:

Rebecca Olsen
Ahmed Abonamah
Ben Tecmire
Will Miller

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

David Dimitrious
Tom Eady
Justin Pica
Ben Bernstein
Elizabeth Baird

The Subcommittee began by discussing issues related to retail participation in the primary offering process. Members also discussed data related to pre-trade transparency. Subcommittee members agreed to invite additional market participants to further discuss retail participation at a Subcommittee meeting later in the week.

The call concluded at approximately 2:40 p.m.