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From the Hill

SEC extends compliance date on Rule 606
SEC has decided to extend the date by which broker-dealers will be required to collect information required by Rules 606(a) and 606(b) from May 20th to October 1st.
SEC announces agenda for FinTech Forum
In Nov. 2018, the SEC announced the formation of its Strategic Hub for Innovation and Financial Technology, SEC FinHub. Among the goals or purposes of the FinHub is to enable the SEC to actively engage with innovators, developers and entrepreneurs. SEC Staff and FinHub is hosting a 2019 FinTech Forum on Fri., May 31, beginning at 9:30 a.m. ET. The forum will feature four panels, click More for agenda and speaker list.
FINRA request for comments on corporate bonds
FINRA has issued Regulatory Notice 19-12 to request comment on a proposed pilot program to study changes to corporate bond block trade dissemination based on recommendations of the SEC Fixed Income Market Structure Advisory Committee (FIMSAC). Comments due Tues., June 11.
SEC Commissioner Peirce on Crypto & Grill
SEC Commissioner Hester Peirce discusses the role and responsibilities of the SEC, and how that impacts the crypto landscape with Crypto & Grill.
Open Call Report

 SEC FinHub Guidance on "Investment Contracts" of Digital Assets
On Wed., April 24, the STA Foundation hosted an Open Call with AlphaPoint's Chief Legal Officer Kristin Boggiano and Global Head of Trading Markets Kapil Rathi to discuss the SEC FinHub's guidance on investment contracts of digital assets.
STA in DC

STA meets with congressional staff, presents Talking Points
In STA's March meetings with congressional staff, topics of discussion included Rule 606, Transaction Fee Pilot, ETPs, market data and more.
STA files letter on proliferation of strikes in option markets
STA feels it imperative to relay its view that the proliferation of series of options for quoting and trading (“strikes”, or “strike prices”) has overly complicated the options markets and necessitated excessive (and thus inefficient) consummations of technology. If left unabated, this condition may degrade market quality as measured by spreads; liquidity - both displayed and total available per strike.
STA Women in Finance
Excellence in Journalism
Virtu Financial & STA WIF Co-Chair

Competing against the rise of blogs, alternative financial online news and just about anyone with a mobile device and Twitter handle, the job of today’s financial journalist is challenging, especially for women in what is still a male dominated industry.

The STA WIF Committee is thrilled that Bloomberg's Annie Massa has accepted being the recipient of this inaugural award and we look forward to presenting it to her at our 3 rd Annual Evening of Recognition & Education on Tues., May 21 in New York City.

Please join us in congratulating Annie Massa!
STA Women in Finance is pleased to announce

2019 Ken Heath Award Recipients


Brian Fagen, Deutsche Bank Securities

Andrew Mannarino, Citadel Securities

Brian Schell, Cboe Global Markets

Tito Singh, CRISIL
Taking Stock
 brought to you JonesTrading

What would Denzel do?
by Jim Toes , STA
It’s a question often asked, “If Hollywood made a movie about your life, what actor or actress would you want to play you?” For me the answer is simple, Denzel Washington. An extraordinary actor with a cool disposition both on and off camera. Denzel doesn’t know this, but we share a common bond. We both attended Fordham University in the Bronx around the same time. It was through this network that I would hear of Denzel’s acts of generosity that would go largely unnoticed in the public eye.
Upcoming Events
 brought to you by Citadel Securities
STA Affiliate Spring Events!
Kansas City Securities Association
39th Annual Spring Outing
Thursday, May 9

No Other Pub by Sporting KC
Kansas City, MO
Boston STA
Annual Gala
May 9-10

The International Golf Club
Bolton, MA
Carolina STA
Annual Conference
May 16-18

Charleston Marriott
Charleston, SC
New Location!
#GrassrootsGiving

Minnesota Security Dealers Association
Minnesotans’ Military Appreciation Fund (MMAF) is a statewide fundraising initiative by the citizens of Minnesota, for Minnesota military personnel and their families. Launched in August 2005, MMAF is a non-partisan, non-political, 501(c)(3) nonprofit corporation. The mission of MMAF is to say “thanks” to Minnesota service members and their families who are making sacrifices in defense of our freedoms in combat zones around the world.
Appetite for Disruption Podcasts

Special thanks to Troy Paredes ,
Founder, Paredes Strategies LLC, and his co-host Lee Schneider
for compiling a three-episode podcast series
on the most talked about issues facing our markets today.

In these interviews with
Chris Concannon , President & COO of MarketAxess,
Troy and Lee cover a variety of topics including AI, blockchain,
the role of human beings, the speed of markets and more.
Stocks Trade Really Fast, Part 1
We chat with Chris Concannon, formerly President & COO of Cboe Global Markets and now the same at MarketAxess. We spoke with Chris (before he switched jobs) about the role of technology, the role of humans, the speed of markets, and regulation and complexity.

Stocks Trade Really Fast, Part 2
We continue our discussion with Chris Concannon from when he was still an executive at Cboe (he’s now at MarketAxess). We explore the future of exchange technology, including the impact of artificial intelligence and blockchain.

Special Episode: Live at STA's Annual Market Structure Conference
Insight into the trading world, AI, blockchain, and other developments impacting our securities markets, financial institutions and investors. Recorded when Chris was still President & COO of Cboe (before he moved to MarketAxess), Chris gives his usual candid take on things.

View and listen in iTunes  here and in Stitcher  here.

*Nothing in these, or any other episode is advice of any kind.
Please contact your own experts to help with investment,
legal, regulatory or other advice.
STA in the News
brought to you by Forefront Communications

Illinois Lawmakers Push for FTT
In the U.S. there is no taxation without representation. And the much derided financial transaction tax is getting some legislative support from Illinois legislators. According to Jim Toes, Chief Executive Officer of the Security Traders Association, this isn’t the first time the equity trading our industry has faced this issue, and while details have yet to unfold, a proposed FTT will most likely espouse the perceived attributes of past versions. 
STA Offers Complimentary DC Conference Registration Packages
The Security Traders Association is going the extra mile to help displaced workers. In recognition of the changing trading workplace and extended time that securities workers might be out of work, Jim Toes and the STA are offering up to ten Complimentary Conference Registration Packages for its Annual Market Structure Conference, Oct. 2-4, 2019 at the JW Marriott Washington DC. According to the STA, the new initiative is geared towards individuals who are in between jobs and actively pursuing a new opportunity within the securities industry.
STA Student in Finance Membership

STA has created a new membership classification for full-time undergraduate and postgraduate students called  Student in Finance, or “STA SIF . ” STA SIF Membership is FREE and is ideal for students who want to be informed on topics and issues within the financial services industry and to connect with securities industry professionals.

If you have or know a student who wants to take their first step towards the financial services industry, have them apply today!
STA 86th Annual Market Structure Conference
 October 2-4, 2019
JW Marriott, Washington DC
Media Inquiries
Sam Belden
Forefront Communications Group
212-320-8986
sbelden@forefrontcomms.com