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

Summary Minutes of June 4, 2018 Call

The Technology and Electronic Trading Subcommittee held a call on June 4, 2018.

The call convened at approximately 2:00 p.m. via telephone. The following Subcommittee members were on the call:

Dan Allen
Brian Archer
John Bagley
Horace Carter
Larry Harris
Amar Kuchinad
Rick McVey
Tom Thees

The following other person joined the call:

Tom Gira, FINRA

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

David Dimitrious
Tom Eady
Molly Kim
Justin Pica
Tyler Raimo
Joanne Rutkowski
Tim White
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:

Louis Craig
Abby Kim
Michael Schihl
Seung Won Woo

The Subcommittee continued their discussion of the current regulatory framework for fixed income electronic trading platforms and considered the oversight of platforms registered as broker-dealers and those that are registered as alternative trading systems.

The Subcommittee also discussed the current availability to market participants of pre-trade price information and considerations for expanding access to that information.

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

The call concluded at approximately 3:15 p.m.