Fixed Income Market Structure Advisory Committee — Technology and Electronic Trading Subcommittee

Summary Minutes of January 24, 2020 Call

The Technology and Electronic Trading Subcommittee held a call on January 24, 2020.

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

Dan Allen
John Bagley
Rick McVey
Lee Olesky
Larry Tabb
Sonali Theisen
Brad Winges

The following other persons joined the call:

Lance Dial, Wellington Management
Nora Jordan, David Polk & Wardell LLP
James Wallin, AllianceBernstein
Michael Winnike, Blackrock

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

Ben Bernstein
David Dimitrious
Tom Eady
Arisa Kettig
Justin Pica

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

Ahmed Abonamah

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

Adam Wendell

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

Christian Broadbent
Jacob Krawitz

The Subcommittee discussed the topic of internal fund crosses. The Subcommittee heard from representatives of Wellington Management, David Polk & Wardell LLP, AllianceBernstein, and Blackrock on matters related to the current regulatory framework for cross trades.

The call concluded at approximately 3:00 p.m.