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

Summary Minutes of March 11, 2019 Call

The Technology and Electronic Trading Subcommittee held a call on March 11, 2019.

The call convened at approximately 11:00 a.m. via telephone. The following Subcommittee members were on the call:

Dan Allen
John Bagley
Horace Carter
Amar Kuchinad
Rick McVey
Larry Tabb
Sonali Theisen
Michael Heaney

The following other persons joined the call:

Laura Klimpel, DTCC
Irving Klubeck, Pershing
Claire Santaniello, Pershing
Jason Brasile, State Street

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

Lizzie Baird
David Dimitrious
Tom Eady
Matt Lee
Jeff Mooney
Patrick Norton
Sharon Park
Justin Pica
Tyler Raimo
Ben Bernstein

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

Ahmed Abonamah
Adam Wendell

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

Abby Kim
Michael Schihl
Seung Won Woo

The Subcommittee continued their discussion of matters concerning the clearance and settlement of corporate bond and municipal securities trades. The Subcommittee heard from representatives of DTCC, Pershing, and State Street on matters related to clearance and settlement and discussed opportunities to increase the efficiency of the settlement process for corporate bonds and municipal securities.  

The call concluded at approximately 12:00 p.m.