Presenter: Eric Noll, President & CEO, Convergex
SEC EMSAC inaugural meeting discussion topics
• Should the SEC allow for publically displayed locked markets
• Should the industry allow for locked markets so long as lower access fees are put in place
• Appears to be support among ESMAC members for a block exemption to Rule 611. Details tbd.
• Changing the priority on the book; add customer type to price/time
• Effectiveness of subcommittees for providing recommendations on specific issues to the ESMAC