May 2021
STA Announces Greenwood Project as 2021 Charity
STA, at both the National and the Affiliate level, has long recognized the importance of providing opportunity and education to our younger generation, particularly those who have an interest in the financial services industry. With that in mind, STA is proud to announce Greenwood Project as its 2021 charity. Greenwood Project introduces Black and Latinx college and high school students to careers within financial services. Greenwood Project gives young people strong motivation to succeed in their remaining high school years and also provides a compelling reason to attend college.
Greenwood Project was founded in 2016 in Chicago, IL, by husband and wife team, Bevon and Elois Joseph, with just five students. Now a national organization with a footprint in New York, Boston and Denver, participation has grown to more than 350 students, despite a global pandemic. Greenwood Project students gain real-world experience, networking connections and unmatched exposure to the financial industry through paid summer internships and a rigorous training program. As a result, 75 percent of alumni are working full-time in financial companies.
Greenwood Project is funded in part by donations from firms within financial services and fintech. “Charitable giving has always been one of STA’s core principles,” says Andrew D’Amore, STA Chairman, “and we are proud to help support a worthwhile organization like Greenwood Project in its efforts to introduce students with diverse backgrounds to the securities industry.”
“Many STA member firms tell us they would like to hire more diverse employees. Many talented young people simply don’t know what career opportunities are available in financial services,” said Bevon Joseph, Executive Director and Co-Founder of the Greenwood Project. “We step in the middle and broker that relationship, and we are so pleased to have STA as a strong partner in that process.”
STA will promote Greenwood Project in various ways throughout the year, and we look forward to welcoming them at our Annual Market Structure Conference in Washington DC this October. Find out more about Greenwood Project, including how to get involved, here.
From the Hill

SEC Approves Nasdaq Proposal to Allow IPO Alternative to Raise Funds
The SEC has approved a proposal by exchange operator Nasdaq Inc to allow companies to raise capital through direct listings. In a filing dated May 19, the SEC said Nasdaq's proposed rule change was consistent with the regulator's rules and regulations and could be beneficial to investors as an alternative to a traditional initial public offering.
SEC Approves Registration of First Security-Based Swap Data Repository; Sets the First Compliance Date for Regulation SBSR
The SEC today announced that it has approved the registration of its first security-based swap data repository (SDR). With today’s registration of DTCC Data Repository (U.S.), LLC (DDR), the security-based swap market now has the first SDR that can accept transaction reports.
FINRA Publishes 2021 Industry Snapshot
FINRA today published the 2021 FINRA Industry Snapshot, its annual statistical report on the brokerage firms, registered representatives and market activity that FINRA regulates. The latest edition includes new statistics on U.S. Treasury volume and corporate financing filings.
Waters Announces Subcommittee Vice Chairs for 117th Congress
Today, Congresswoman Maxine Waters, Chairwoman of the House Committee on Financial Services, announced the Financial Services Committee Vice Chairs for the 117th Congress.
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Dangerous Bull
“There has never been a better time in the market’s history to be a retail investor,” said Jim Toes, President and CEO of the Security Traders Association. “Advancements in technology have afforded retail investors unprecedented access to research, market data, investment products and low transaction costs.”
STA Women in Finance
Boards Are Adding More Women and Minorities Ahead of Nasdaq Rule

The pressure is on for boards to diversify, and it’s working. Since last June, 145 S&P 500 companies have added at least one Black director, a “brisk” pace compared to past years, according to recruiter Russell Reynolds Associates. Latino board appointments at public companies quadrupled from a year ago, and women, for the first time, hold almost a third of all seats on the S&P 500. Only one major U.S. initial public offering debuted with an all-male board last year. 
STA Trading Views Podcast
Episode 11: Cboe's Acquisition of BIDS and the Wider Exchange Landscape


Bryan Harkins
President, BIDS Trading


Mehmet Kinak
Global Head of Systematic Trading and Market Structure, T. Rowe Price
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An Alternative CAT Funding Proposal


Michael Blaugrund
Chief Operating Officer 
NYSE Group


Jim Toes
President & CEO

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88th Annual Market Structure Conference
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JW Marriott, Washington DC
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