The SEC will be holding a meeting of its Equity Market Structure Advisory Committee on October 27, beginning at 9:30 a.m. ET. This will be the second meeting of the group which was established this past February to provide a formal mechanism for the Commission to receive advice and recommendations on equity market structure issues. The meeting is open to the public and will be live-streamed on the SEC web site.
According to the SEC, 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.