DeFi & NFT

Story: FCA Expands Secondary Markets Advisory Committee to 27 Members Across Key Trading Venues

By Dan Saada

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Who's Sitting at the Table. The member list is dense, and it's worth going through because the names tell you a lot about…

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Electronic Trading, Risk, and What the FCA Wants Fixed. Avery Later from BNY CIO and Michael Kucharski from Barclays Bank Plc both focus on electronic…

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The FCA just made its Secondary Markets Advisory Committee bigger. The regulator expanded the group to 27 members for the two-year term running July 2026 to July 2028 — a move…

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The committee's job is pretty much what it sounds like: help the FCA keep tabs on wholesale secondary markets, push market reforms, and flag risks before they become real problems.

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The expansion goes from 25 to 27 members.

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The member list is dense, and it's worth going through because the names tell you a lot about where the FCA is pulling its intelligence from.

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That's just the first wave. Jennifer Keser from Tradeweb and Nick Dutton from CBOE Europe Ltd bring experience in regulation and market structure — two things the FCA needs badly…

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And then there's the big-bank contingent. Morgan Stanley, J.P. Morgan Securities Plc, and Goldman Sachs International all have seats.

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Buy-side representation isn't thin either.

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Read also: FCA Charges Solicitor Richard Bloomfield with 5 Counts of Insider Dealing in Seraphine Group Case

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Adam Conn from Baillie Gifford Overseas Ltd and Alexandre Roubaud from Blackrock UK both contribute knowledge in trading and exchange-traded funds.

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Dean Shoosmith from Marex and Carla Grundy from TP ICAP round out the risk management and trading venue side.

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Mario Muth from Deutsche Bank AG adds another global fixed income and equity perspective. Arran Rowsell from BGC and Peter Whitaker from Jane Street Financial contribute…

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Read also: FCA Flags Product Design Gaps Even as Firms Post Real Consumer Wins

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The FCA says the committee is tasked with identifying changes and risks that could affect secondary markets, and providing data and analysis to support policy reforms.

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