SEC Convenes Key Dialogue on Trade Penetration Bans with Market Leaders

The Securities and Exchange Commission is gearing up for a significant roundtable meeting scheduled for September 18 at its Washington headquarters, bringing together top financial industry stakeholders to examine trade penetration bans and their evolving role in modern markets.

Leading the initiative will be SEC Chairman Paul S. Atkins, who will deliver opening remarks alongside commissioners Caroline Crenshaw and Hester Peirce, as well as Jamie Selway, Director of Trading Markets. This high-level gathering reflects the agency’s commitment to understanding complex market mechanisms from multiple perspectives.

The roundtable meeting will unfold through three distinct thematic panels designed to provide comprehensive coverage of the subject matter. Discussions will draw from two decades of market participant experience, offering historical context and real-world insights into how trade penetration bans have shaped market dynamics over time. Participants will also examine the current application of these policies within today’s market structure and explore potential trajectories for future regulatory development.

The attendee roster underscores the significance of this roundtable discussion, featuring representatives from major financial institutions including Goldman Sachs, JPMorgan Chase, and NASDAQ. This mix of regulatory expertise and industry practitioners ensures that the roundtable meeting will benefit from diverse perspectives and practical knowledge.

The initiative addresses a critical need for dialogue as market structures continue to evolve and regulatory frameworks face pressure to adapt. By convening this roundtable meeting, the SEC aims to establish a foundation for informed policy decisions while ensuring that market participants’ voices shape the conversation around trade penetration bans and broader trading regulations.