nazarali-ratterman-citadel-conversation

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Why did the SEC form the Equity Market Structure Advisory Committee?
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How is the Equity Market Structure Advisory Committee structured?
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Why does the SEC feel now is the right time for this Committee?
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What is it the current state of the U.S. equities markets? What areas are most in need of reform?
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That’s a good segue into potential market structure reforms. From your vantage point, what are the most important areas for improvement?
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Joe, what’s your perspective on market data charges, kill switches and exchange regulation?
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What other ideas were put forward at the Committee’s first meeting?
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Can you tell us about the agenda of the May 13th meeting? Why did the SEC lead with the trade-through rule?
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How do you see the Equity Market Structure Advisory Committee progressing? Two years from now, how much change do you think the Committee will drive?
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What does it mean for your organizations to be involved in this Committee?

Jamil Nazarali

Jamil Nazarali - Head of Citadel Execution Services (CES), Citadel Securities

Mr. Nazarali oversees Citadel Securities’ client market making offerings in Equities, Options and FX. Mr. Nazarali serves on the Board of Directors of BATS Global Markets. He is also a member of the SEC Equity Market Structure Advisory Committee, Nasdaq Quality of Markets Committee and the SIFMA Market Response Committee. Mr. Nazarali received a bachelor’s degree from the University of Western Ontario and a Master of Business Administration from the University of Chicago.

Joe Ratterman

Joe Ratterman - Chairman of the Board, BATS Global Markets

Joe Ratterman is Chairman of the Board of BATS Global Markets, operator of the largest European equities exchange, the second-largest equities market in the U.S. and a fast-growing U.S. options market. Mr. Ratterman joined BATS as one of 13 founding employees in 2005 and served as CEO from 2007 to 2015. He is the recipient of numerous industry awards, and is an accomplished water skier, rock climber, professional photographer, and Type-rated ATP pilot.

Click here for the SEC website related to the Committee’s mission and work.