SEC Announces Agenda And Panelists For Roundtable On Preparations For 24-Hour Trading
| Agenda | |
| 9 a.m. | Doors Open |
| 10 a.m. | Opening Remarks – SEC Chairman and Commissioners and Jamie Selway, Director, SEC's Division of Trading and Markets |
| 10:30 a.m. | Data Presentation – SEC's Division of Trading and Markets – Office of Analytics and Research |
| Presenter: Dan Mathisson | |
| 11 a.m. | Panel One – Preparedness for a 24-Hour Market |
Panel One will examine preparations for the launch of 24‐hour trading, focusing on exchange and broker‐dealer readiness, overnight surveillance, closing‐price processes, clearance and settlement changes, and investor‐protection practices. The panel will also highlight what has been completed, what remains, and expected liquidity conditions as markets move toward near‐continuous trading.
Moderators: Jon Kroeper, SEC Division of Trading and Markets, and Katie Kolchin, Securities Industry and Financial Markets Association
Panelists:
- Matt Billings, Robinhood Josh Burch, NYSE Hubert De Jesus, BlackRock JD Del Raso, Virtu Financial Heidi Fischer, Cboe Ron Hooey, BNY Pershing Todd Lopez, UBS Robert McNamee, FINRA Jason Wallach, Bruce Markets
| 12:15 p.m. | Lunch Break |
| 1:15 p.m. | Panel Two – Resiliency in a 24-Hour Market |
Panel Two will explore operational resiliency in a 24‐hour market, including systems readiness, Regulation SCI considerations, failover and capacity planning, market‐data continuity, shortened maintenance windows, cybersecurity, and staffing models for overnight operations. The panel will focus on how firms are preparing to maintain orderly markets during continuous trading.
Moderators: Partick Norton, SEC Division of Trading and Markets, and Jim Toes, Security Traders Association
Panelists:
- Diwa Cody, Jane Street Nat Evarts, State Street Jiyoung Jung, Samsung Todd Lard, Schwab Chuck Mack, Nasdaq Steve Sosnick, Interactive Brokers Brian Steele, DTCC David Taylor, Exegy Quito Zuba, MEMX
| 2:30 p.m. | Break |
| 2:45 p.m. | Panel Three – Expected Impacts and Consideration of Next Steps |
Panel Three will discuss expected impacts on liquidity and capital formation as trading expands, including how market participation may evolve, potential effects on issuers, and considerations for“Day 2” regulatory and market‐structure initiatives. The panel will also look ahead to future expansions toward 24x7 trading and the infrastructure changes required to support them.
Moderators: Peggy Sullivan, SEC Division of Trading and Markets, and Adrian Griffiths, MEMX
Panelists:
- Cromwell Coulson, OTC Markets Group Brian Fagen, BNP Paribas Dmitri Galinov, 24X Will Geyer, Invesco Michael Harrington, Citadel Securities Naureen Hassan, DriveWealth Brian Hyndman, Blue Ocean Michael Masone, Citi Tim Quast, ModernIR
| 4 p.m. | End of Program |
Source: Newsfile SEC Press Digest
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