The Securities and Exchange Commission today announced that its Equity Market Structure Advisory Committee will hold its second meeting on October 27, beginning at 9:30 a.m. ET. The Commission established the advisory committee in February to provide a formal mechanism through which the Commission can receive advice and recommendations on equity market structure issues.
The meeting will focus on two important market structure topics – Rule 610 of SEC Regulation NMS and the regulatory structure of trading venues.
The committee will discuss the impact of the access fees and rebates that today are widely used by exchanges and other trading venues. This fee structure generally provides rebates to those placing resting orders on the exchange and charges relatively higher fees to those trading with resting orders. The committee will also discuss the current regulatory model for exchanges and other trading venues, including the different regulatory frameworks applicable to exchanges and other trading venues. In addition, the committee will discuss recent market volatility and any market structure issues it may have revealed.
The meeting will be held at the SEC’s headquarters at 100 F Street, N.E., Washington, D.C., and is open to the public. It also will be webcast live on the SEC’s website, www.sec.gov, and will be archived on the website for later viewing.
Members of the public who wish to provide their views on the matters to be considered by the advisory committee may submit comments electronically or on paper. Please submit comments using one method only. Information that is submitted will become part of the public record of the meeting.
Send paper submissions in triplicate to Brent Fields, Secretary, Securities and Exchange Commission, 100 F Street, N.E., Washington, D.C. 20549-1090.
All submissions should refer to File Number 265-29, and the file number should be included on the subject line if e-mail is used.
9:30 a.m. Welcoming Remarks by Chair White, Commissioners, and Director of Trading and
Markets Stephen Luparello
10:00 a.m. Presentation on Rule 610 by SEC staff
10:15 a.m. Presentation and Q&A on Rule 610
11:30 p.m. Committee Discussion of Rule 610
12:30 p.m. Lunch/Administrative Session
1:30 p.m. Presentation on Regulatory Structure of Trading Venues by SEC staff
1:45 p.m. Presentation and Q&A on Regulatory Structure of Trading Venues
2:45 p.m. Committee Discussion on Regulatory Structure of Trading Venues
3:45 p.m. Discussion of Recent Market Volatility
4:15 p.m. Discussion of Next Steps
4:30 p.m. Adjournment