The U.S. Securities and Exchange Commission has released the full agenda and speaker list for its Sept. 17 roundtable on “24-hour trading.” The meeting will be held at SEC headquarters from 10 a.m. to 4 p.m., open to the public, and livestreamed on the SEC website.
Three panels will cover readiness, resilience, and market impact
The agenda is divided into three panel discussions. The first panel will look at readiness for a 24-hour market. Topics include the preparedness of trading platforms and brokerages, overnight surveillance, closing-price processes, changes to clearing and settlement, and investor protection.
Speakers on that panel come from Robinhood, the New York Stock Exchange, BlackRock, Virtu Financial, Cboe, BNY Pershing, UBS, FINRA, and Bruce Markets.
The second panel will focus on operational resilience in a 24-hour market. It will cover system readiness, Reg SCI compliance, failover and capacity planning, continuity of market data, cybersecurity, and overnight staffing.
Participants in the second session include Jane Street, State Street, Samsung, Charles Schwab, Nasdaq, Interactive Brokers, DTCC, Exegy, and MEMX.
The third panel will examine the expected effects of extended trading on liquidity and capital formation, along with the infrastructure required for a future move toward 7×24 trading.
That session will include speakers from OTC Markets, BNP Paribas, 24X, Invesco, Citadel Securities, DriveWealth, Blue Ocean, Citi, and ModernIR.
SEC leadership and trading officials will also appear
According to the published schedule, the SEC Chair and commissioners will deliver opening remarks. Jamie Selway, director of the Division of Trading and Markets, will also attend.
Roundtable marks a key step in SEC planning under Atkins
The roundtable is described as a key step in the SEC’s push under Atkins to move U.S. equities toward around-the-clock trading, shifting the issue from policy discussion into concrete operational preparation.