The annual SIFMA Equity Market Structure Conference is a one-stop resource for updates from the industry's leading experts on today's markets and the ever-evolving regulatory framework that guides them. On Thursday, May 7, equity market structure leaders gathered in New York to discuss recommendations and actionable changes to enhance fairness, stability and transparency in the U.S. stock market.
SIFMA EVP Randy Snook opens the 2015 Equity Market Structure Conference, stating: Our capital markets provide companies with the capital they need to grow and innovate, to expand services to customers, and to create jobs. What's more, the equity markets are more efficient for investors today than ever before, especially for retail investors.
CNBC'S Bob Pisani hosts the morning Q&A with NYSE Group's Tom Farley. Farley: CAT can be done but it's a tough project; need to implement in a deliberate way. Delays are caused by market complexity.
Market Structure panelists discuss and debate some of the central questions that have developed, including whether access fees should be reduced, and whether off-exchange trading should be subject to a trade-at rule.
Small-Cap and Mid-Cap Stocks panelists raise the need to encourage small companies to list. Brigagliano of Sidley states that small cap liquidity is imperative to capital formation.
Thinking Outside The Box panelists look at the current equity market structure and consider alternative market solutions.
Market Regulation panelists discuss recent and upcoming regulatory developments, including FINRA's Equity Market Structure Initiatives, the SEC's Regulation SCI, and Consolidated Audit Trail.
Citigroup's Michael Masone interviews Chris Concannon, BATS Global Markets' President and CEO. Concannon: The industry's buyside and sell-side participants should be voting members of the SIP Committee.
- SIFMA Executive Vice President Randy Snook Remarks as Prepared for SIFMA 2015 Equity Market Structure Conference - May 7, 2015
- Reuters: BATS seeks to change how U.S. stock market data systems are run
- Bloomberg News: Bats Wants Better Oversight of Stock Market's Underpinnings
- Traders magazine: NYSE President Farley: CAT is Do-Able
- Traders magazine: Scenes from SIFMA's Equity Market Structure Conference 2015 -
Part 1 and Part 2
- Traders magazine: What did pros from the SEC, JPMorgan Chase, UBS, BATS Trading, Nasdaq and other firms have to say about market structure
Are Alternative Market Models the Solution?
SIFMA on Twitter
BATS tiered access fee plan (smaller rebates for thick stocks) broadly supported by Schwab, Blackrock, Goldman reps #sifma— Michael Friedman (@TrilliumMJF) May 7, 2015
CEO Concannon at #SIFMA Market Structure Conf: Industry buyside, sell-side participants should be voting members of the SIP Committee— BATS Global Markets (@BATSGlobal) May 7, 2015