SEC Chairperson Mary Jo White Issues Statement at Exchange Leaders Meeting Regarding Technology of Market Infrastructure

SEC Chairperson Mary Jo White issued a statement after meeting with the leaders of equities and options exchanges including FINRA, the Depository Trust Clearing Corporation ("DTCC") and the Options Clearing Corporation ("OCC"). Chairperson White scheduled the meeting immediately following the August 22nd interruption in the trading of NASDAQ-listed securities. In her statement, Chairperson White called for market participants and the SEC to work collaboratively to "strengthen critical market infrastructure and improve its resilience when technology falls short." She requested that the groups at the meeting identify a series of measures to address specific areas where the "robustness and resilience of market systems can be improved, including the systems that were at the core of last month's trading interruption."

See: SEC Press Release.See also: Nasdaq Halts Trading Securities Due to Tech Glitch (August 22, 2013).