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

Summary Minutes of April 15, 2020 Call

The Technology and Electronic Trading Subcommittee held a call on April 15, 2020.

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

Dan Allen
John Bagley
Horace Carter
Michael Heaney
Rick McVey
Lee Olesky
Larry Tabb
Sonali Theisen
Brad Winges

The following other persons joined the call:

Lance Dial, Wellington Management
Lynn Martin, ICE
Michael Winnecke, Blackrock

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

David Dimitrious
Tom Eady
Arisa Kettig
Patrick Norton
Justin Pica

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

Ahmed Abonamah

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

Jacob Krawitz

The Subcommittee continued their discussion on internal fund crosses. The Subcommittee heard from representatives of Wellington Management, ICE, and Blackrock on matters related to independent pricing, crossing of liquid and illiquid securities, and safeguards.

The call concluded at approximately 4:00 p.m.