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

Summary Minutes of March 29, 2018 Call

The call convened at approximately 3:00 p.m. via telephone. The following Subcommittee members were on the call:       

Dan Allen
Brian Archer
Horace Carter
Larry Harris
Amar Kuchinad
Rick McVey
Larry Tabb
Tom Thees
Michael Heaney

The following other persons joined the call:

Sonali Theisen, Citigroup

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

David Dimitrious
Tom Eady
Tyler Raimo
Ben Bernstein

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

Ben Tecmire

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 first discussed the agenda for the upcoming FIMSAC meeting and the panel discussion that will address matters concerning electronic trading in the retail market.

The Subcommittee then discussed matters concerning access to bond reference data. The members discussed the cost of accessing such data, methods for providing access to reference data, and potential related areas for further Subcommittee consideration.

The final topic the Subcommittee discussed was best practices regarding operating standards for fixed income electronic trading platforms.

The Subcommittee decided to speak again in several weeks to further discuss these topics.

The call concluded at approximately 4:30 p.m.