What to Make of 1656 Pages of SEC Proposed Market Structure Reforms
Guest: Mehmet Kinak, Global Head of Equity Trading, T. Rowe Price, Jim Toes, President, Security Traders Association, Doug Clark, Head of Equity Product Design, TMX Group
Host: Peter Haynes, Managing Director and Head of Index and Market Structure Research, TD Securities
In Episode 50, we bring together an all-star cast of market structure experts to dig into the SEC's proposed equity market structure reforms. Our guests first try to explain what the SEC is hoping to accomplish with its proposed rules, and what changes, if any, Canada will need to mimic. We then tackle several of the important proposals in detail including tick reform, access fees, new round lot definitions and the relevance of the NBBO, order transparency, retail auctions and best execution. We finish with musings over bargaining chips the SEC can dangle to get some of the most important reforms across the finish line, because it is not clear if all of these rules will survive industry scrutiny and potential litigation.
Global Head of Equity Trading, T. Rowe Price
Global Head of Equity Trading, T. Rowe Price
Global Head of Equity Trading, T. Rowe Price
President, Security Traders Association
President, Security Traders Association
President, Security Traders Association
Head of Equity Product Design, TMX Group
Head of Equity Product Design, TMX Group
Head of Equity Product Design, TMX Group
Managing Director and Head of Index and Market Structure Research, TD Securities
Managing Director and Head of Index and Market Structure Research, TD Securities
Managing Director and Head of Index and Market Structure Research, TD Securities