Technology Advisory Committee

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

December 13, 2010

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, Hearing Room

   

10:00 a.m. to 10:15 a.m.

Opening Remarks: Commissioner Scott D. O’Malia, Chairman, TAC, Chairman Gary Gensler, Commissioner Jill Sommers, Commissioner Chilton, and Commissioner Mark Wetjen

10:15 a.m. to 10:25 a.m.

Overview of Meeting and Introduction of Presenters

10:25 a.m. to 12:25 p.m.

Panel I: Swap execution Facilities (SEFs): the New Environment: How will SEFs Function and How Will Participants Aggregate Liquidity.

    Moderator:

    • Michael Cosgrove, Managing Director-Head of Commodities & Energy Brokerage, North America, GFI Group

    Panelists:

    • Kevin McPartland, Director of Fixed Income Research, TABB Group: Market Structure and SEF Aggregators

    • Ben MacDonald, Global Head of Fixed Income Products, Bloomberg LP: Platform Integration

    • Steven Seitz, Counsel, Office of General Counsel, CFTC: Disruptive Trade Practices and SEFs

    • Tomas Zikas, Managing Director and Head of the eRates Business, State Street Global Markets: Market Perspective on Order Interaction

    • Joe Mecane, Executive Vice President and Co-Head of U.S. Listing and Cash Execution, NYSE Euronex: National Market Structure: Lessons Learned

   

12:25 p.m. to 1:45 p.m.

Lunch

   

1:45 p.m. to 3:30 p.m.

Panel II: HFT Anthropological Observations: Defining, Classifying, and Observing High Frequency Traders

Panelists:

    • Aaron Lebovitz, Managing Director of Algorithmic and Event Trading, Infinium Capital Management

    • Richard B. Gorelick, Chief Executive Officer, RMG Advisors, Inc.

    • Tom Gira, Executive Vice President for Market Regulation, FINRA

    • David Leinweber, Head of Lawrence Berkeley National Laboratory Computational Research Division's Center for Innovative Financial Technology

    • E. Wes Bethel, Staff Scientist, Lawrence Berkeley National Laboratory Computational Research Division's Center for Innovative Financial Technology

    • Andrei Kirilenko, Chief Economist, CFTC

3:30 p.m. to 3:45 p.m.

Break (Restrooms are located on the Mall Level)

3:45 p.m. to 4:55 p.m.

Panel III: Nomenclature: Interim Recommendations from the Data Standards Subcommittee

    • CFTC, Office of Chief Economist, Overview

    o Andrei Kirilenko¸ Chief Economist, CFTC; Chairman, TAC Subcommittee on Data Standardization

    • CFTC Staff Summary of Data Collection Efforts

    o John Rogers, Chief Information Officer, Office of Data Technology, CFTC

    • Presentations from the TAC Subcommittee on Data Standardization

    o Working Group I (Product and Entity Identification)

    o Working Group II (Machine-Readable Legal Documents)

    o Working Group III (Semantic Representation of Financial Instruments)

    o Working Group IV (Storage and Retrieval of Financial Data)

4:55 p.m. to 5:00 p.m.

Concluding Remarks of Commissioner Scott D. O’Malia, Chairman, TAC and Discussion of Topics for Next TAC Meeting TBD 2012