Diversity & Inclusion/SEC Fixed Income Proposal/January 6th

January 2021

From the Hill

Chairwoman Waters Announces Financial Services Subcommittee Leadership

“I am pleased to announce the very experienced, dedicated, diverse, and talented leadership of our six Subcommittees,” said Chairwoman Waters. “During the 117th Congress, the Financial Services Committee will continue to work tirelessly to fight the pandemic and make sure the financial system works for everyone."

What a 50/50 Senate Means For Biden and the U.S.

The even Senate split, rare in American history, gives the Biden administration little margin for error and is subject to a power-sharing agreement between the Democratic and Republican leaders.

CFTC and ESMA Sign Enhanced MOU Related to Certain Recognized Central Counterparties

The CFTC and ESMA today announced the signing of a new Memorandum of Understanding (MOU) regarding cooperation and the exchange of information with respect to certain registered derivatives clearing organizations established in the United States that are central counterparties (CCPs) recognized by ESMA under the European Market Infrastructure Regulation (EMIR).

SEC Concept Release on Certain Fixed Income Trading Platforms

On September 28, the SEC proposed rules to extend Regulations ATS and SCI to Treasuries and other Government Securities Markets and a concept release on electronic FI trading platforms for corporate and muni’s. The filing was published in the Federal Register on December 31, which starts the clock for a 60-day comment period.

Taking Stock

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Addressing Inequality: What Will You Do?

by Ray Pellecchia, FINRA

Each of us must plot our own course of action, and my boss, FINRA President and CEO Robert W. Cook, provided a useful example last June, outlining a dozen actions he was taking as part of his commitment to the fight for racial justice and equality. Robert wrote, “Change isn’t just about what our governments should do, what our organizations, such as FINRA, should do, what our teams should do. It is also about what each of us will do as individuals.”

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STA in the News

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Life on Planet Earth Podcast: Interview with Jim Toes, STA

Less than 24 hours after a mob breached our nation’s Capitol, Jim Toes, President & CEO of STA, had the opportunity to speak with John Aidan Byrne on his podcast, Life on Planet Earth. We discussed a range of topics, including how to get past the unfounded claims of a stolen election, the growing need for traders who are well-versed in technology; market structure for small and mid-size companies; and, investor harm that would come with a financial transaction tax.

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STA Women in Finance

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A Little Sunshine

by Julie Andress

KeyBanc Capital Markets & STA WIF Co-Chair

As Joe Biden and Kamala Harris were sworn in as president and vice president, Amanda Gorman became the sixth and youngest poet to recite a poem at the U.S. presidential inauguration ceremony. A mere 22 years old, Amanda joined the likes of Robert Frost and Maya Angelou when she recited her poem, The Hill We Climb. For those who watched it live, or watched it (again) on YouTube, it was mesmerizing.

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Open Call Replay

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Listen or watch a replay of

STA's January 20 Open Call Titled:

Market Data and the Cloud: Rising in Importance

This Open Call covered current trends in market data and cloud deployment, and the unique challenges and benefits the cloud provides financial firms, including fintechs.

Featuring:

David Easthope

Senior Analyst

Greenwich Associates