THE X SESSIONS
SEC Market Structure Proposal
Q1 2023: Retail Panel
HOST
Adrian Griffiths, Head of Market Structure, MEMX
GUESTS
Mike Masone, Director and Head of Market Structure, Citi
Andrew Upward, ETF Strategist, Jane Street
Jeff Starr, Managing Director Operational Services, Schwab
TOPICS
00:00 | Rule overview |
02:08 | Will the proposed SEC changes do more harm than good to retail market participants? |
04:57 | How would tick size reforms impact retail vs. institutional businesses and alternative trading venues? |
11:24 | How would the proposed tick reform affect market makers? |
12:50 | Would quote harmonization benefit retail investors? Are there better ways to achieve the outcome the SEC is looking for? |
16:02 | Would lowering the access fee cap impact liquidity provision? |
19:42 | What's the right balance to strike on access fees for all sides of the markets? |
24:33 | Would the increased transparency of round lot reform be of value to retail investors? |
26:49 | Would round lot reform allow market makers to quote tighter spreads? |
29:22 | What key takeaways should the SEC take from the industry comment letters? |