The roundtable will take place from 2:00 p.m. to 5:00 p.m. at:SEC Headquarters: 450 Fifth Street, N.W. Washington, DC, William O. Douglas Room
Chairman Arthur Levitt will deliver opening remarks and Annette L. Nazareth, Director of the Division of Market Regulation, will moderate the roundtable discussions. Participants will include representatives from the stock and options exchanges, the Nasdaq Stock Market, a variety of broker-dealers (including full service and on-line firms, as well as Electronic Communication Networks), other market participants, vendors, and academics.
Some of the topics to be discussed include the effects of decimalization on:
- quote spreads and sizes,
- overall liquidity,
- price priority,
- Order placement and trading strategies,
- short sales, and
- system-related issues.