Capital Markets Consortium

Consolidated Audit Trail Roundtable

November 3, 2010, New York City

The events of May 6th highlighted the need for greater transparency, accountability and control in the financial markets. The SEC’s proposed Consolidated Audit Trail (CAT) could help accomplish these goals. But at what cost? In what time frame? What disruptions would occur to current business practices? The roundtable will provide key industry stakeholders with the ability to share their perspectives on the need for, benefits of, and different approaches to, the Consolidated Audit Trail. This event will provide a unique opportunity to assess the ability of the Consolidated Audit Trail to help restore individual investor confidence and participation in the financial markets.

Agenda

7:15 - 8:00		Registration and Networking Breakfast
8:00 - 8:15		Opening Comments / Introduction of Moderator TED MYERSON, Chief Executive Officer, FTEN Opening Remarks ANNETTE NAZARETH, Partner, Davis Polk & Wardwell (SEC Commissioner, 2005 to 2008) – Moderator
8:15- 11:00		Roundtable discussion to examine proposed SEC Consolidated Audit Trail from perspective of different industry stakeholders, including representatives from each of the following groups: Regulators THOMAS GIRA, Executive Vice President, FINRA Market Regulation Department Additional speakers to be announced Exchanges CLAUDIA CROWLEY, Chief Executive Officer, NYSE Regulation JOHN ZECCA, Senior Vice President, Market Regulation, NASDAQ OMX Group, Inc. Broker / ATS HOWARD MEYERSON, General Counsel and Chief Compliance Officer, Liquidnet Additional speakers to be announced Industry Groups JOSEPH CANGEMI, Managing Director , BNY ConvergEx, Incoming STA (Security Traders Association) Chairman JIM MCHALE, Managing Director and Associate General Counsel, SIFMA Additional speakers to be announced Vendors GARY LAFEVER, General Counsel and Chief Corporate Development Officer, FTEN JUSTIN S MAGRUDER, Founder and President, Noetic Partners, Inc Additional speakers to be announced

Registration
Fee		$125 per person (meal included) This event is closed.
Location

Address

Bayards
One Hanover Square (between Stone and Pearl Streets)
New York, NY 10004

Direction

From West Side Highway:
Take West Side Highway to Battery Park. Make left on Battery Pl., continue until the street turns into State St., then continue for approximately 2 traffic lights and make a left on Hanover Square.

From FDR:
FDR South to Exit 1 (Battery Park, Staten Island Ferry), make right on Broad St. Make right at first traffic light on Water St., go 2 traffic lights to Hanover Square and make a left.

From Brooklyn Battery Tunnel:
When exiting tunnel, stay to the left of the traffic light and turn left at the light. When making the left turn, stay right (do not go into underpass), continue on to Battery Place. Make left on Battery Pl., continue until the street turns into State St., then continue for approximately 2 traffic lights and make a left on Hanover Square.

From Broadway:
Take Broadway South to Liberty Street, make a left on Liberty Street, Continue for 5 Blocks to Pearl Street. Make a right on Pearl Street, Take Pearl Street to Hanover Square

From Brooklyn Bridge:
2nd exit (FDR and Pearl St.) Make a right at traffic light. Take Pearl St. to Hanover Square.

Subway:
#2 or 3 to Wall St.
#4 or 5 to Wall St. or Bowling Green
#R or W to Whitehall St./South Ferry

Clearinghouses as Mitigators of Systemic Risk