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May 2019
From the Hill

Treasury Executive Session
On Thurs., May 30, U.S. Treasury Secretary Steven T. Mnuchin convened a closed-door meeting of the Financial Stability Oversight Council (Council) in executive session at the U.S. Department of the Treasury (Treasury). In addition to other topics, the Council heard a presentation from SEC staff on several topics related to equity market structure. The presentation addressed issues including market volatility, securities exchanges’ “maker-taker” pricing model, and market data and access. Minutes and the SEC report are not yet publicly available. 
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.
Ms. Allison Lee, Nominee for SEC Commissioner
The Senate Banking Committee will meet in Open Session on Wed., June 5 at 10:00 a.m. ET to conduct a hearing on several nominations. One of which is Allison Lee of Colorado, who is nominated for SEC Commissioner. Assuming Ms. Lee is approved by the Committee, a full Senate would be the next and final step towards an appointment.
New SEC Guidance on Market Data Fee Filings
This guidance discusses several aspects of Fee Filings, with a focus on how SRO's can ensure that they have clearly described their proposed fees and addressed how they satisfy Exchange Act requirements that, among other things, fees be (i) reasonable, (ii) equitably allocated, (iii) not unfairly discriminatory, and (iv) not an undue burden on competition.  
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" & 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 files letter on proliferation of strikes in options 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
To the Women of STA
KeyBanc Capital Markets & STA WIF Co-Chair

Today more than 20 percent of STA affiliate boards are comprised of women in the financial services industry. While this figure under represents the overall figures of women in finance, it is an improvement and more importantly, a large enough figure to build cultures of inclusion that promote and sustain a sense of belonging for other women across the network of STA affiliates.

Their names and affiliate organizations are listed below. If you know any of them, please take a moment to thank them for their service to our industry. Appreciation for their efforts to lead and inspire others to do the same is well deserved. 
Taking Stock
 brought to you JonesTrading

Mom was right, they are our nation's best
by Jim Toes , STA
Our country’s veterans are our nation’s best. They are that co-worker who inspires us to be our best version, the neighbor who makes us feel a little bit safer and the friend we seek out for perspective on everyday problems. While Memorial Day is about honoring the fallen, veterans help us understand the character of those who sacrificed for us and have so deservedly come to earn our thoughts, prayers and gratitude tomorrow and every day.
Upcoming Events
 brought to you by Citadel Securities
STA Affiliate Summer Events!
STA St. Louis "STASL"
Summer Outing
June 19-20, 2019
Four Seasons St. Louis
Cocktail Reception, Golf & Brewery Tour

Guest Speakers

Scott Wren, Market Strategist
Wells Fargo

Craig Fehr, Market Strategist
Edward Jones  
Summer Event
June 13-14, 2019
Hilton Cleveland Downtown
Dinner with Guest Speaker & Golf 

Guest Speaker

Julian Emanuel, Chief Equity
& Derivatives Strategist

Minnesota STA "MSDA"
Summer Conference
July 11-12, 2019
The Marquette Hotel, Minneapolis

Guest Speaker

Craig Johnson, Technical Market Strategist
Piper Jaffray
JR Overcome Show Podcasts

Best of luck to long-time STA supporter
Jason Redman
on his "word of the day" podcasts

Taya Kyle
Author & Military Veteran's Family Activist
The JR Overcome Show by two Navy SEALs: Jason “Overcome” Redman, Author of The Trident , Motivational Speaker and Founder of the Overcome Academy, and Ray “Cash” Care, Co-Star from the hit television show The Selection, Fitness Expert and Motivational Speaker.
STA in the News
brought to you by Forefront Communications 
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