Briefings

Week InAdvance: February 1, 2016

Industry executives, regulators and academics will join the Securities and Exchange Commission's Market Structure Advisory Committee to discuss causes and impacts of the August 24, 2015 market volatility, when wild swings in the exchange-traded fund prices led to more than 1,000 trading halts. The session is open to the public, can be viewed live on the SEC website, www.sec.gov, and will be archived on the SEC website to view after the meeting. Members of the public are welcome to submit comments electronically or on paper that will become part of the public record of the meeting. The panel, which was formed to give the SEC a mechanism to receive advice and recommendations, will hear from representatives of NYSE and Nasdaq as well as fund executives and academics. Their agenda will focus on "certain issues affecting customers" in the current equity market structure environment. An agency analysis released in December linked the August volatility to stock exchange rules that had been intended to limit extreme price movements. The study offered no proposals for policy changes, but provided a blueprint for discussing structure changes in stock and ETF trading.

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