Markets

The Gensler Market Structure Agenda

July 28, 2022

In Episode 48, the second part of our two-part series on options and equity market structure, we are rejoined by Andrew Shultz, Head of Strategic Options Business at Susquehanna International Group, and Mett Kinak, Global Head of Equity Trading at T. Rowe Price Group. In this episode, Mett's feet are put to the fire with respect to SEC Chair Gary Gensler's proposed equity market structure reforms. Mett weighs in on whether auctions modelled after options market structure can be repurposed for retail equity trading. He also raises concerns about potential tick increment reforms, proposed changes that should steer away from one-size-fits-all solutions, and the harmonization of traded prices across all types of venues. Mett concludes the episode with his thoughts on the Gensler agenda from the D.C. Circuit's recent decision on market data governance. Listen in to understand how this decision could be viewed as an ominous cloud over market structure reform.


Headshot of Peter Haynes


Managing Director and Head of Index and Market Structure Research, TD Securities

Headshot of Peter Haynes


Managing Director and Head of Index and Market Structure Research, TD Securities

Headshot of Peter Haynes


Managing Director and Head of Index and Market Structure Research, TD Securities

Photo of Andrew Schultz


Head of Strategic Options Business, Susquehanna International Group

Photo of Andrew Schultz


Head of Strategic Options Business, Susquehanna International Group

Photo of Andrew Schultz


Head of Strategic Options Business, Susquehanna International Group

Photo of Mett Kinak


Global Head of Equity Trading, T.Rowe Price Group

Photo of Mett Kinak


Global Head of Equity Trading, T.Rowe Price Group

Photo of Mett Kinak


Global Head of Equity Trading, T.Rowe Price Group

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