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Options Market Structure Roundtable Agenda

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Published April 2nd, 2026
Detected April 5th, 2026
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Summary

The SEC announced the agenda and panelists for its April 16, 2026 roundtable on options market structure. The roundtable will be held at SEC headquarters in Washington D.C. and webcast live. Three panels will discuss competition in quote-driven markets, customer experience with listed options, and growth challenges in the options market.

What changed

The SEC released a press notice announcing the full agenda and panelist roster for its April 16, 2026 options market structure roundtable. The event will feature three panels: Panel One addresses competition dynamics in quote-driven options markets; Panel Two examines the customer (non-broker-dealer) experience with listed options; Panel Three explores growth opportunities and challenges facing the options market. Each panel includes industry representatives from exchanges, trading firms, and academic experts.\n\nThis is an informational announcement rather than a regulatory action. No compliance obligations or deadlines are imposed. Market participants interested in the SEC's evolving views on options market structure should attend or view the webcast. Comments on the topics discussed may be submitted via the event page. The roundtable may inform future SEC rulemaking or guidance on options market structure.

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Press Release

SEC Announces Agenda and Panelists for Roundtable on Options Market Structure

For Immediate Release

2026-33 Washington D.C., April 2, 2026 —

The Securities and Exchange Commission today announced the agenda and panelists for its April 16, 2026, roundtable on options market structure.

The roundtable will be held at the SEC’s headquarters at 100 F Street, N.E., Washington, D.C., from 9:00 a.m. to 3:15 p.m. ET. The event will be open to the public and webcast live on the SEC’s website.  Doors will open at 8:00 a.m. ET.

For in-person attendance, please register here. Visitors will be subject to security checks.

For online attendance, registration is not necessary; a link to watch the event will be available on April 16 at www.sec.gov, and a recording will be available at a later date on the SEC’s website.

More information, including how to submit comments, is available on the SEC Roundtable on Options Market Structure event page.

Agenda

8:00 a.m.                     Doors Open

9:00 a.m.                     Opening Remarks from SEC Commissioner Hester Peirce, SEC Commissioner Mark Uyeda, and Jamie Selway, Director, SEC’s Division of Trading and Markets

9:30 a.m.                     Data Presentation – SEC’s Division of Trading and Markets – Office of Analytics and Research

Presenters: Jesse Brady and Ethan Coombs

10:00 a.m.                   Panel One – Facilitating Competition in a Quote Driven Market

Panel One will focus on how the current options market structure facilitates or hinders the ability of liquidity providers to compete fairly and freely in furtherance of a robust national market system for standardized listed options.

Moderators: Jamie Selway, Director, and Arun Manoharan, Assistant Director, SEC’s Division of Trading and Markets

Panelists:

  • Ivan Brown, IEX
  • Steve Crutchfield, Formerly of Chicago Trading Company
  • Nathan Duckles, Jane Street Options
  • John Fischer, Citadel Securities
  • John Kinahan, Group One Trading
  • Katie Kolchin, Securities Industry and Financial Markets Association
  • Stewart Mayhew, Cornerstone Research
  • Andrew Schultz, Susquehanna
  • Steve Sosnick, Interactive Brokers
  • Kevin Tyrrell, NYSE 11:15 a.m.                    Break

11:30 a.m.                   Panel Two – Evaluating the Customer Experience

Panel Two will focus on the customer (i.e., non broker-dealer) experience with listed options.

Moderators: Jon Kroeper, Deputy Director, and Eric Juzenas, Associate Director, SEC’s Division of Trading and Markets

Panelists:

  • Geralyn Endo, MEMX
  • Ed Hosty, Robinhood Securities
  • JJ Kinahan, Cboe
  • Stino Milito, DASH Financial Technologies
  • Nathaniel Pomeroy, Wolverine Trading
  • Racquel Russell, FINRA
  • Christopher Schwarz, University of California Irvine
  • Stephen Sikes, Public.com 12:45 p.m.                   Lunch Break

1:45 p.m.                     Remarks from SEC Chairman Paul S. Atkins

2:00 p.m.                     Panel Three – Opportunities and Challenges of Growth

Panel Three will focus on the growth of listed options, the associated challenges and opportunities that growth presents, and the issues that the Commission and market participants should consider in the years ahead.

Moderators: Jamie Selway, Director, and Richard Holley III, Assistant Director, SEC’s Division of Trading and Markets

Panelists:

  • Andrej Bolkovic, Options Clearing Corporation
  • Shelly Brown, MIAX
  • Alicia Crighton, Goldman Sachs
  • Ellen Greene, IMC Trading
  • Kevin Kennedy, Nasdaq
  • Matt MacKenzie, Optiver
  • Dmitriy Muravyev, University of Illinois Urbana-Champaign
  • Jeff Starr, Schwab
  • Jim Toes, Security Traders Association
  • Michael Treacy, Apex Fintech Solutions 3:15 p.m.                     End of Program

Last Reviewed or Updated: April 2, 2026

Named provisions

Panel One - Facilitating Competition in a Quote Driven Market Panel Two - Evaluating the Customer Experience Panel Three - Opportunities and Challenges of Growth

Source

Analysis generated by AI. Source diff and links are from the original.

Classification

Agency
SEC
Published
April 2nd, 2026
Instrument
Notice
Legal weight
Non-binding
Stage
Final
Change scope
Minor
Document ID
2026-33

Who this affects

Applies to
Broker-dealers Investors
Industry sector
5231 Securities & Investments
Activity scope
Capital Markets Options Trading
Geographic scope
United States US

Taxonomy

Primary area
Securities
Operational domain
Compliance
Topics
Capital Markets Financial Services

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