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Cmte Financial Services (R)
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Subcommittee to Assess Market Structure and Impact on Innovation, Competition and Quality


Washington, Jun 19 -

Financial Services subcommittee hearing on Wednesday will examine the U.S. equity markets and how the current market structure impacts smaller issuers. 

“Ensuring we have the deepest, most vibrant capital markets in the world is my top priority as Chairman of the Capital Markets Subcommittee.  I’m looking forward to hosting a wide swath of market participants to examine ways we  can increase competition, foster innovation and facilitate greater access to capital so American businesses can grow our economy and create American jobs,” said Rep. Scott Garrett.

During the hearing, the Subcommittee will also review draft legislation, the “Liquidity Enhancement for Small Public Companies Act,” designed to increase liquidity to smaller issuers and help smaller companies to go public.

The hearing will take place at 9 a.m. on Wednesday in room 2128 Rayburn.

Witnesses scheduled to testify:

Panel I

Daniel Coleman, Chief Executive Officer, GETCO

Kevin Cronin, Global Head of Equity Trading, INVESCO, on behalf of the Investment Company Institute

Joe Gawronski, President and Chief Operating Officer, Rosenblatt Securities Inc.

Thomas Joyce, Chairman and Chief Executive Officer, Knight Capital Group

Duncan Niederauer, Chief Executive Officer, NYSE-Euronext

Cameron Smith, President, Quantlab Financial LLC

Panel II

Dan Mathisson, Managing Director, Credit Suisse Securities LLC

William O’Brien, Chief Executive Officer, Direct Edge

Jeffrey Solomon, Chief Executive Officer, Cowen and Company

Jim Toes, President and Chief Executive Officer, Security Traders Association

David Weild, Senior Advisor, Capital Markets Group, Grant Thornton, and Chairman and Chief Executive Officer, Capital Markets Advisory Partners