Fixed Income Market Structure Advisory Committee — Technology and Electronic Trading Subcommittee
Summary Minutes of March 5, 2018 Call
The Technology and Electronic Trading Subcommittee held a call on March 5, 2018, to discuss, among other things, matters concerning executing retail customer orders on electronic trading platforms.
The call convened at approximately 11:00 a.m. via telephone. The following Subcommittee members were on the call:
The following other industry participants joined the call:
Tom Vales, TMC Bonds
Kristen Maher, Wells Fargo Advisers
Stephen Winterstein, Wilmington Trust
The following staff from the Division of Trading and Markets joined the call:
The following staff from the Division of Economic and Risk and Analysis also joined the call:
The Subcommittee discussed several issues concerning executing retail customer orders in corporate and municipal bonds including matters concerning aggregating available pricing data, order handling protocols and current industry practices, access to real-time post-trade pricing data, and the utilization of bid wanted auctions.
The Subcommittee decided to speak again in several weeks to further discuss these topics and to potentially begin discussing other topics concerning the operation of fixed income electronic trading platforms.
The call concluded at approximately 12:20 p.m.