Equity Market Structure Advisory Committee — Committee Members

	Matthew Andresen Matthew Andresen is co-CEO of Headlands Technologies, a global trading firm headquartered in Chicago. Before co-founding Headlands Technologies, he was co-CEO of market making firm Citadel Derivatives Group and before that, he was President and CEO of Island, the largest of the original electronic stock markets. Mr. Andresen served on the Boards of ISE, Direct Edge, and Lava Trading. He holds a B.A. in economics and political science from Duke University. A former world-class fencer, he has been inducted into the Duke Athletics Hall of Fame.
	Reggie Browne Reggie Browne is Senior Managing Director and Global Co-Head of the ETF Group at Cantor Fitzgerald & Co. and previously was Managing Director on the ETF team at Knight Capital Group. He also served as Co-Head and Senior Vice President in the ETF Index Group at Newedge USA and held trading and leadership roles at LaBranche & Co., Susquehanna International Group, and O’Connor & Associates. Mr. Browne has a B.S. in finance from La Salle University.
	Kevin Cronin Kevin Cronin has been the Global Head of Trading for Invesco since 2007 and previously served as its Director of Equity Trading. Before joining Invesco in 1997, Mr. Cronin was Director of Equity Trading for First Union Capital Management and lead fund manager of the Evergreen Enhanced Equity Fund. He is a member of the board of directors of Luminex LLC and also serves on the Investment Company Institute's Equity Markets Committee, the BATS Exchange Institutional Advisory Committee, the Georgia Securities Association, and the Atlanta Society of Financial Analysts. Mr. Cronin holds a B.A. from Indiana University and an MBA from Vanderbilt University. He is a CFA charterholder.
	Brad Katsuyama Brad Katsuyama is the CEO, President, and co-founder of IEX, a stock market owned by mutual funds, hedge funds, family offices, and entrepreneurs that recently raised funds from Spark Capital and Bain Capital Ventures, among others. Mr. Katsuyama spent 12 years at the Royal Bank of Canada, most recently as its Global Head of Electronic Sales and Trading and Head of U.S. Risk Trading. He received the Alumni Gold Medal as the top student in the School of Business and Economics at Wilfrid Laurier University in Waterloo, Ontario, and was profiled in the Michael Lewis book, “Flash Boys.”
	Sen. Ted Kaufman Ted Kaufman is a former U.S. Senator from Delaware and spent 22 years on the staff of U.S. Senator Joe Biden, 19 of those as Chief of Staff. After leaving the U.S. Senate, he was Chair of the Congressional Oversight Panel of the Troubled Asset Relief Program. Sen. Kaufman has taught at Duke University’s Fuqua School of Business and Sanford School of Public Policy and is currently visiting Professor of the Practice at Duke University School of Law. He has a B.S. in mechanical engineering from Duke and an MBA from the University of Pennsylvania’s Wharton School of Business.
	Rick Ketchum Richard Ketchum is former Chairman and CEO of FINRA and previously was CEO of NYSE Regulation. He served as the first chief regulatory officer of the New York Stock Exchange and before that, he was General Counsel of the Corporate and Investment Bank of Citigroup Inc. Mr. Ketchum spent 12 years at NASD and the Nasdaq Stock Market, Inc., serving as president of both organizations, and was at the Securities and Exchange Commission for 14 years, with an eight-year tenure as director of its Division of Market Regulation. He holds a B.A. from Tufts University and J.D. from the New York University School of Law.
	Manisha Kimmel Manisha Kimmel is the Chief Regulatory Officer — Wealth Management for Thomson Reuters and previously was the Managing Director of the Financial Information Forum, where she focused on implementation of market structure initiatives. She also has worked on strategy and technology engagements at Jordan & Jordan. Ms. Kimmel has a B.S. in systems engineering from the University of Pennsylvania and a B.S. in finance and information systems from the university’s Wharton School of Business.
	Mehmet Kinak Mehmet Kinak is a vice president of T. Rowe Price Group Inc. and head of Global Equity Market Structure and Electronic Trading. His primary focus is electronic and program trading, market structure analysis, and transaction cost analysis. Mr. Kinak joined T. Rowe Price Group in 2000 and worked as an investment liaison, portfolio implementation manager and equity trader before assuming his current role in 2014. He has a B.S. in finance from Virginia Polytechnic University.
	Andrew W. Lo Andrew W. Lo is the Charles E. and Susan T. Harris Professor at the MIT Sloan School of Management. He also is the director of MIT’s Laboratory for Financial Engineering and a principal investigator at MIT’s Computer Science and Artificial Intelligence Lab. Mr. Lo received a B.A. in economics from Yale University and an A.M. and Ph.D. in economics from Harvard University. His research articles, teaching links, and a disclosure statement of all other affiliations are available at http://web.mit.edu/alo/www/.
	Joe Mecane Joe Mecane is the Head of Execution Services at Citadel Securities and is responsible for the firm’s client-facing equity, options and ETF businesses. Prior to joining the firm, he was Global Head of Electronic Equities at Barclays. Before Barclays, Joe worked for the New York Stock Exchange for six years, last serving as the Head of U.S. Equities. Joe’s earlier career included roles at UBS Securities, Charles Schwab & Co., Knight Capital Group and Price Waterhouse. He has an MBA from the University of Pennsylvania’s Wharton School of Business and is a Certified Public Accountant.
	Maureen O’Hara Maureen O'Hara is the Robert W. Purcell Professor of Finance at Cornell University's Johnson Graduate School of Management. She is the former chairman of the board of brokerage firm Investment Technology Group, Inc., and serves on the boards of NewStar Financial and TIAA-CREF. Professor O'Hara was a member of the CFTC-SEC Emerging Regulatory Issues Task Force, the Global Advisory Board of the Securities Exchange Board of India, and the Advisory Board of the U.S. Treasury Department's Office of Financial Research. She has a bachelor's degree in economics from the University of Illinois and a master's in economics and Ph.D. in finance, both from Northwestern University.
	Michael Purpura Michael Purpura is President of D.A. Davidson & Co.’s Individual Investor Group, overseeing the team that offers personalized financial services and straightforward investment advice, with a focus on developing long-term strategies to help clients with their financial aspirations. He joined D.A. Davidson as a Financial Advisor in 1996, subsequently taking on roles with increasing responsibility. Prior to joining D.A. Davidson, he spent four years as a Financial Advisor with Prudential Securities. A graduate of Penn State University, he has been active an active supporter of community events and causes. He represents the second generation of Purpuras to serve in leadership roles with D.A. Davidson Companies.
	Joe Ratterman Joe Ratterman is a member of the Board of Directors of Cboe Global Markets, Inc. joining the Board on February 28, 2017, in connection with the closing of the acquisition of Bats. Mr. Ratterman was one of Bats' founders in 2005, and served as Chairman of Bats from 2015 until its merger with Cboe Global Markets in 2017. Mr. Ratterman also served as its Chairman from June 2007 until July 2012, as President from June 2007 until November 2014 and as CEO from June 2007 until March 2015. Mr. Ratterman holds a bachelor's degree in mathematics and computer science from Central Missouri State University.
	Nancy Smith Nancy Smith is the AARP corporate secretary. Previously, she cofounded and directed RestoreTheTrust.com to educate investors on the Sarbanes-Oxley Act, and was vice president of FOLIOfn, an online brokerage, where she managed the launch of its website, developed products and services, and supervised its research department. Earlier in her career, after serving as New Mexico's director of securities, Ms. Smith became the director of the SEC's Office of Investor Education and Assistance. She also was a senior counsel for the U.S. House of Representatives' Subcommittee on Telecommunications and Finance. She holds a bachelor's degree and a law degree from Georgetown University.
	Chester Spatt Chester Spatt is the Pamela R. and Kenneth B. Dunn Professor of Finance at Carnegie Mellon University's Tepper School of Business. He focuses on topics such as market microstructure, the effect of information and strategic behavior on market processes, and the interaction between the order flow and order book in securities markets. He holds an undergraduate degree in economics from Princeton University and received his master's and Ph.D. in economics from the University of Pennsylvania. He served as the SEC's Chief Economist and Director of its Office of Economic Analysis from July 2004 to July 2007.
	Gary Stone Gary Stone is the Chief Strategy Officer for Bloomberg Tradebook and over the past 14 years has been a Senior Analyst and Director of Trading Research and Strategy. He previously was Vice President of Business Development for Multicast Media Network Inc., and a trader at (BNP) Paribas Corporation. Before that, Mr. Stone worked at the Federal Reserve Bank of New York as an assistant economist in the Domestic Research Group, a programmer/analyst in the Systems Develop Group and as a trader/analyst on the Open Market Trading Desk. He has an MBA from the Stern School of Business at New York University and Bachelors in Computer Sciences from the University of Rochester.