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Technology Advisory Committee

  • CFTC’s Technology Advisory Committee
    1155 21st Street, N.W.
    Washington, DC 20581

    March 29, 2012

    Agenda

    9:30 a.m. to 10:00 a.m.

    Check-in with CFTC Reception – Lobby Level

       

    10:00 a.m. to 5:00 p.m.

    TAC Meeting, CFTC Headquarters Conference Center

       

    10:00 a.m. to 10:05 a.m.

    Opening Remarks

    Commissioner Scott D. O’Malia, Chairman, TAC

    10:05 a.m. to 10:15 a.m.

    Opening Remarks of CFTC Commissioners

    Chairman Gary Gensler, Commissioner Jill Sommers, Commissioner Bart Chilton, and Commissioner Mark Wetjen

    10:15 a.m. to 12:30 p.m.

    Panel I: Automated and High Frequency Trading

    Presentations:

    • Introduction of the Subcommittee on Automated and High Frequency Trading

    o Andrei Kirilenko, Chief Economist, CFTC

    • Exchange Oversight of Automated Trading Strategies (ATS) and High Frequency Trading (HFT)

    o Mark Wassersug, Vice President of Operations, ICE

    o Dean Payton, Managing Director & Deputy Chief Regulatory Officer, CME Group

    • An Academic Review of Defining and Measuring HFT Strategies

    o Joel Hasbrouck, Kenneth G. Langone Professor of Business Administration and Professor of Finance, Stern School of Business, New York University

    • Defining ATS vs. HFT Strategies and Their Evolution: A Practitioner’s View

    o Sean Castette, Chief Information Officer, GETCO, LLC

       

    12:30 p.m. to 2:00 p.m.

    Lunch (not provided)

       

    2:00 p.m. to 2:30 p.m.

    Panel II: Final Recommendations from the Subcommittee on Data Standardization

    Presentations:

    • Presentation of Working Groups Recommendations

    o Chuck Vice, President and Chief Operating Officer, ICE

    o Douglass E. Harris, Managing Director, Promontory Financial Group, LLC

    • Open Discussion of Final Recommendations

    o Andrei Kirilenko, Chief Economist, CFTC

    • Full TAC Recommendation Regarding Final Recommendations

    2:30 p.m. to 4:00 p.m.

    Panel III: Credit Limit Checks: Market Structure and Technology Issues

    Presentations:

    • Buy Side

    o Randall Costa, Managing Director, Citadel LLC

    • Sell Side

    o Paul Hamill, Managing Director, UBS

    • Confirm Entity

    o Jeffrey Maron, Managing Director, MarkitSERV

    • Execution Facility

    o Jim Rucker, Head of Credit and Risk, MarketAxess

    • Q & A

    4:00 p.m. to 5:00 p.m.

    Open Discussion and Concluding Remarks

    Commissioner Scott D. O’Malia, Chairman, TAC

See Also:

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