Equity Market Structure Conference

Overview

SIFMA’s Equity Market Structure Conference gathers the industry’s leading experts to discuss today’s equity markets and the ever-evolving regulatory framework that guides them.

Program

7:30am – 5:30pm

Registration Desk Hours

7:30am – 8:15am

Continental Breakfast

8:15am – 4:30pm

8:15am – 8:20am

Participants

T.R. Lazo

Speaker

T.R. Lazo

Managing Director & Associate General Counsel, Equities

SIFMA

T.R. Lazo’s Biography

8:20am – 8:30am

Participants

Randy Snook

Speaker

Randy Snook

Executive Vice President, Business Policies & Practices

SIFMA

Randy Snook’s Biography

8:30am – 9:00am

Participants

The Honorable Hester M. Peirce

9:00am – 9:30am

Participants

Brett Redfearn

Speaker

Brett Redfearn

Director, Division of Trading and Markets

U.S. Securities and Exchange Commission

Brett Redfearn’s Biography

9:30am – 10:30am

While the U.S. equity market is known globally as one of the best functioning and most efficient markets, it continues to advance and has room for continued enhancement. The current…

While the U.S. equity market is known globally as one of the best functioning and most efficient markets, it continues to advance and has room for continued enhancement. The current market structure has lead to an array of trading venues and heightened competition, which has lowered trading costs for investors. This panel will discuss recent market developments that promote competition, incentivize liquidity, and encourage long-term value creation.

Participants

Annette Nazareth, Jonathan A. Clark, Roman Ginis, Michelle Greene, Chuck Mack

Moderator

Annette Nazareth

Partner, Financial Institutions

Davis Polk & Wardwell LLP

Annette Nazareth’s Biography

Panelists

Jonathan A. Clark

Chief Executive Officer

Luminex

Jonathan A. Clark’s Biography

Michelle Greene

Chief Policy Officer

The Long-Term Stock Exchange

Michelle Greene’s Biography

Chuck Mack

Deputy Head of US Equities

NASDAQ

Chuck Mack’s Biography

10:30am – 10:45am

Sponsored by ITG

Sponsored by ITG

10:45am – 11:45am

Today’s equity markets operate under an SRO model that was adopted by Congress in the 1970s. However, the markets have evolved significantly since then, with exchanges shifting from member owned…

Today’s equity markets operate under an SRO model that was adopted by Congress in the 1970s. However, the markets have evolved significantly since then, with exchanges shifting from member owned utilities to for-profit companies, and now competing with broker-dealers for order flow. This panel will consider the role of SROs in today’s markets, and how the SRO model should evolved to reflect today’s market realities.

Participants

Michael Masone, Reggie Browne, Jeffrey S. Davis, John Ramsay

Moderator

Michael Masone

Director, Equities, Markets & Securities Services

Citigroup

Michael Masone’s Biography

Panelists

Reggie Browne

Senior Managing Director and Global Co-Head, ETF Group

Cantor Fitzgerald & Co.

Reggie Browne’s Biography

Jeffrey S. Davis

Vice President & Deputy General Counsel

NASDAQ

Jeffrey S. Davis’s Biography

John Ramsay

Chief Market Policy Officer, Equity Trading Platform

IEX Group, Inc.

John Ramsay’s Biography

11:45am – 12:45pm

As highlighted in the U.S. Treasury's report on capital markets, some commentators believe equity market structure does not support the growth of public companies, particularly for less liquid stocks. This…

As highlighted in the U.S. Treasury's report on capital markets, some commentators believe equity market structure does not support the growth of public companies, particularly for less liquid stocks. This panel will consider various ways to enhance market structure for smaller companies.

Participants

Sapna C. Patel, Michael Blaugrund, Doug Clark, Nathaniel N. Evarts, Joseph C. Gawronski, Vlad Khandros

Moderator

Sapna C. Patel

Executive Director, Head of Americas Market Structure & Liquidity Strategy

Morgan Stanley

Sapna C. Patel’s Biography

Panelists

Michael Blaugrund

Head of Equities

New York Stock Exchange

Michael Blaugrund’s Biography

Doug Clark

Head of Americas Market Structure

ITG

Doug Clark’s Biography

Nathaniel N. Evarts

Head of Trading, Americas

State Street Global Advisors

Nathaniel N. Evarts’s Biography

Joseph C. Gawronski

Chief Operating Officer

Rosenblatt Securities Inc.

Joseph C. Gawronski’s Biography

Vlad Khandros

Director, Market Structure & Liquidity Strategy

UBS AG

Vlad Khandros’s Biography

12:45pm – 1:45pm

Networking Lunch

1:45pm – 2:15pm

Participants

Chris Concannon, Bob Pisani

Speakers

Chris Concannon

President and Chief Operating Officer

Cboe Global Markets

Chris Concannon’s Biography

Bob Pisani

"On-Air" Stocks

CNBC

Bob Pisani’s Biography

2:15pm – 3:15pm

The Consolidated Audit Trail (“CAT”) has been in development since 2012.  With systems being built and implementation dates approaching, industry participants are preparing for a future of CAT reporting.  This…

The Consolidated Audit Trail (“CAT”) has been in development since 2012.  With systems being built and implementation dates approaching, industry participants are preparing for a future of CAT reporting.  This panel will discuss the current status of the CAT project and the impacts that CAT will have on market surveillance techniques and systems.

Participants

Gregg E. Berman, Ph.D., Mark Donohue, Joanna Fields, Thomas Gira, Shane Swanson

Moderator

Gregg E. Berman, Ph.D.

Director of Market Analytics and Regulatory Structure

Citadel

Gregg E. Berman, Ph.D.’s Biography

Panelists

Joanna Fields

Chief Executive Officer & Founder

Aplomb Strategies

Joanna Fields’s Biography

Thomas Gira

Executive Vice President, Market Regulation

FINRA

Thomas Gira’s Biography

Shane Swanson

Chief Compliance Officer

Thesys CAT

Shane Swanson’s Biography

3:15pm – 3:30pm

Networking Break

3:30pm – 4:30pm

The EU's ambitious regulatory goals with MiFID II transformed Europe's financial markets and had a significant impact on the U.S. financial industry. This panel will discuss the impact U.S. regulators…

The EU's ambitious regulatory goals with MiFID II transformed Europe's financial markets and had a significant impact on the U.S. financial industry. This panel will discuss the impact U.S. regulators had in the development of MiFID to ensure a level playing field for U.S. institutions and share their initial reactions since the January 3rd compliance date.

Participants

Jamie Selway, James Baugh, Nanette Buziak, Timothy J. Mahoney, Tara Muller

Moderator

Panelists

James Baugh

Director, Head of Market Structure

Citi

James Baugh’s Biography

Nanette Buziak

Managing Director, Head of Equity Trading

Voya Investment Management

Nanette Buziak’s Biography

Timothy J. Mahoney

Chief Executive Officer

BIDS Trading, L.P.

Timothy J. Mahoney’s Biography

Tara Muller

Managing Director, Electronic Trading

Virtu Financial

Tara Muller’s Biography

4:30pm – 5:30pm

Networking Reception

Venue

India House Club

One Hanover Square
New York, NY 10004

India House is dedicated to serving its members with the highest standard in dining and amenities, and to attract new members for whom India House provides a pleasant place to meet socially and a convenient location to entertain business associates.

Picture of venue

Related Resources

Media

Media Inquiries
Contact Liz Pierce at 212.313.1173.

Media Registration
Contact Emily Reinus at 212.313.1339.

Policy
View SIFMA’s official press policy.

Media Partnerships
Custom media partnership opportunities are available for almost every objective and budget, with benefits including complimentary event passes. Contact Monica Ilyevsky at 212.313.1263.

Terms and Conditions

Code of Conduct
SIFMA meetings and events are intended to educate and engage our members and industry participants in thoughtful conversations. Inappropriate behavior will not be tolerated. SIFMA defines inappropriate behavior as any possible illegal conduct, verbal or physical abuse of any type, use of derogatory or discriminatory language, gestures or actions, unwanted invasions of privacy, any form of harassment, racism, sexism, or any other targeted comments which are intended to cause personal offense to another participant either in-person at the event or through social media channels, or the violation of any local, state, or federal laws or regulations.

If you are involved in or witness an incident at a SIFMA meeting or event that violates this Code of Conduct, please use this anonymous incident report form to let SIFMA know immediately. Please provide as much information as possible about the incident so that we can make a proper investigation. Any violations of law should be reported to law enforcement authorities.

SIFMA will investigate any reported incidents swiftly and confidentially if possible. SIFMA, at our discretion, may act on any reports of inappropriate behavior, including but not limited to removing a participant from the meeting or event and/or bar that person from attending future SIFMA meetings or events. SIFMA shall not refund any money paid for such attendee to attend the meeting or event, or for any travel expenses incurred to attend.

Attendee Roster
For your name to be included in the Attendee Roster, your completed registration form and payment must be received no later than two weeks prior to the event. Registrations received after that time will not be included in the Roster.

Substitutions
Conference registration substitutions are welcome. Email Lizzie Grimm with the following information and we will confirm the change: original registrant’s full name, substitute registrant’s full name, mailing address, title, phone and email.

Cancellations
Refunds will be granted for cancellations made three weeks prior to the start of the event. All cancellation requests are subject to a $100 processing fee and must be made in writing.