Fixed Income Market Structure Advisory Committee — Technology and Electronic Trading Subcommittee
Summary Minutes of May 2, 2018 Call
The Technology and Electronic Trading Subcommittee held a call on May 2, 2018.
The call convened at approximately 10:30 a.m. via telephone. The following Subcommittee members were on the call:
The following other persons joined the call:
Rob Dunleavy, Anchorage Capital
Andrew Silverman, Anchorage Capital
The following staff from the Division of Trading and Markets joined the call:
The following staff from the Office of Municipal Securities joined the call:
The following staff from the Division of Economic and Risk and Analysis also joined the call:
Seung Won Woo
The Subcommittee continued their discussion of best practices regarding operating standards for fixed income electronic trading platforms. The Subcommittee discussed the current regulatory framework for fixed income electronic trading platforms and the potential need for increased transparency and uniformity regarding operational standards.
The Subcommittee then discussed the market for providing 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 execution guidance for institutional investors.
The Subcommittee decided to speak again in several weeks to further discuss these topics.
The call concluded at approximately 12:15 p.m.