🗓️ Mark Your Calendar
The SEC's highly anticipated roundtable on Rule 611 of Regulation NMS is set for Dec. 16, 2025. Held at the University of Austin, this event promises to be a deep dive into the intricacies of market regulations. Doors open at 8 a.m. CT, with the main event kicking off at 9 a.m. CT and running until 1 p.m. CT.
"This roundtable is a critical opportunity for industry leaders to discuss potential regulatory changes," said SEC Chairman Paul Atkins.
For those planning to attend in person, make sure to register by Dec. 15, 2025. Online viewers can catch the live webcast on the SEC's website.
📋 What's on the Agenda?
The roundtable will feature three main panels, each focusing on different aspects of Rule 611 and its implications:
-
Panel One: Potential Changes to Rule 610
- Discuss modifications to Rule 610 if Rule 611 is altered or rescinded.
- Key topics: fair access provisions, access fee caps, and prohibition on locked and crossed markets.
- Panelists include: Dmitry Bulkin, Mehmet Kinak, John Ramsay, Brett Redfearn, Oliver Sung, and Kevin Tyrrell.
-
Panel Two: Market Data and Rule 600
- Explore necessary changes to Rule 600 definitions and the impact on market data.
- Key topics: amendments to defined terms, national best bid and offer, market data revenue allocation.
- Panelists include: Valerie Bogard, Jeff Brown, Bill Harts, Jaime Llano, Chuck Mack, and Jeff Starr.
-
Panel Three: Best Execution Guidance
- Focus on enhanced best execution guidance if Rule 611 is changed.
- Key topics: broker-dealer obligations, access fee caps.
- Panelists include: David Brooks, Calvin Hayes, Anna Kurzrok, Chris Nagy, Racquel Russell, and Jamie Schriber.
🏙️ The Venue
The event will take place at the Scarbrough Building, located at 522 Congress Avenue in Austin, Texas. This central location not only offers a historic backdrop but also places attendees in the heart of one of the fastest-growing tech hubs in the U.S.
"Austin is the perfect setting for such a forward-looking discussion," remarked SEC Commissioner Hester Peirce.
Doors open at 8 a.m. CT, and the venue promises to provide a comfortable and engaging environment for all participants.
🖥️ Can't Make It? No Problem!
For those who can't attend in person, the SEC has made it easy to stay in the loop. The entire roundtable will be webcast live on the SEC's website, ensuring that everyone can access the discussions. Additionally, a recording of the event will be available online for those who want to catch up later.
No registration is required for online attendance, making it accessible for anyone interested in the latest regulatory discussions.
