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

Summary Minutes of February 25, 2019 Call

The Technology and Electronic Trading Subcommittee held a call on February 25, 2019.

The call convened at approximately 1:00 p.m. via telephone. The following Subcommittee members were on the call:

Matt Andresen
John Bagley
Amar Kuchinad
Rick McVey
Larry Tabb
Sonali Theisen
Michael Heaney

The following other person joined the call:

Michael Contopoulos, Anchorage Capital

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

Lizzie Baird
David Dimitrious
Tom Eady
Matt Lee
Patrick Norton
Ben Bernstein

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

Rebecca Olsen
Ahmed Abonamah
Adam Wendell

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

Abby Kim

The Subcommittee continued their discussion of matters concerning the clearance and settlement of corporate bond and municipal securities trades. The Subcommittee also discussed a recent research paper on the impact of securities lending on corporate bond market liquidity.

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