Hurricane Sandy Webinar:
Lessons Learned for the Financial Markets and Mutual Funds 

The 2012 ICI Capital Markets Conference, which was originally scheduled for Friday, November 2 in New York, was cancelled due to damage caused by Hurricane Sandy. In lieu of the conference, ICI hosted a webinar on November 2, 2012, to discuss issues the hurricane raised for the financial markets, as well as other relevant trading and market structure issues.

HIGHLIGHTS

“Fireside Chat” with SEC Commissioner Gallagher and CFTC Commissioner O'Malia

• Responses by SEC and CFTC to Hurricane Sandy
• Challenges facing the financial markets going forward
• Cooperation between SEC and CFTC on regulatory issues
• Does the current regulatory environment work for today’s markets?

Response of the Exchanges to Hurricane Sandy and Technological Challenges: Addressing Concerns of Investors

• Examination of challenges to opening the exchanges post–Hurricane Sandy
• Discussion of exchanges’ disaster recovery plans
• Addressing investor concerns relating to technological failures and automated trading
• Challenges facing exchanges from undisplayed liquidity

Hurricane Sandy, Market Disruptions, and the Role of Technology: Impact on Mutual Funds and the Financial Markets

• SEC, FINRA, and industry views on ensuring efficient market open post–Hurricane Sandy
• Issues specific to mutual funds resulting from Hurricane Sandy and other market disruptions
• Impact of high-frequency trading and algorithmic trading on market risk
• Discussion of recent SEC Market Technology Roundtable; preventing errors and error responses