Member Voices

SEC Market Structure Proposal Q1 2023:Institutional Panel

Hosts

Adrian Griffiths
Head of Market Structure, MEMX

Hosts

Philip Pearson
Head of Electronic Product for the Americas, Barclays
Bojan Petrovich
Global Head of Equity Trading, J.P. Morgan Asset Management
Rich Steiner
Head of Global Market Structure, RBC Capital Markets

Topics

00:00 Rule overview
02:03 What's the overall impact of the SEC's proposed changes to tick sizes, round lots, and access fees for retail and institutional investors?
04:00 Should the SEC take a more moderate approach to tick size changes?
10:47 Would a more moderate tick size approach benefit the buy side?
12:38 Access fee caps: Will they really reduce trading costs?
17:27 The proposed round lot and odd lot changes: Are they beneficial?
21:58 Does adding odd lot quotes to the SIP help the buy side?
23:26 Should the SEC focus on implementing competing consolidators and the rest of the infrastructure rule instead?
25:53 What key takeaways should the SEC take from the industry comment letters?