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