TMPG Best Practices @ 10: A Look Back and a Look Ahead

October 05, 2017

The Treasury Market Practices Group (TMPG), which is sponsored by the Federal Reserve Bank of New York, is a group of market professionals committed to supporting the integrity and efficiency of the Treasury, agency debt and agency MBS markets. After ten years of these efforts, the TMPG and the New York Fed are hosting a conference to raise awareness about the TMPG’s best practice recommendations – how they evolved over the years and the priorities going forward.

Featured speakers at the conference include Governor Jerome Powell of the Federal Reserve Board of Governors, Counselor to the Secretary Craig Phillips of the U.S. Department of the Treasury, President William Dudley of the New York Fed, and TMPG members Tom Wipf of Morgan Stanley and Sandie O'Connor of JP Morgan Chase.

The conference will mark this milestone in TMPG’s history by underscoring its key initiatives, such as recommendations for the fails charge trading practice, margining of forward-settling agency MBS transactions, and guidance on use of automated trading and financial benchmarks. In addition, a panel of TMPG members will discuss the recently published proposed best practices on information handling, on which the TMPG is seeking comment through mid-October 2017, and provide an opportunity for the audience to engage with the panel. The event will also serve to educate a broader audience of market participants about the TMPG best practices to further promote their adoption, and encourage the industry to raise issues related to the integrity and efficiency of the covered markets to the TMPG for consideration.

Event Details
Date & Time
Thursday, October 5
8:30 a.m. - 12:30 p.m.
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045
Audience is by invitation only. Download the attendee list.
Speaker's Remarks
The Honorable Jerome H. Powell
Member, Board of Governors of the Federal Reserve

  • Proposed Guidance on Information Handling: Changing Market Norms
  • Benefits of Implementing Best Practices: Views from the Field

Please address any questions to TMPG@ny.frb.org
This event is open to members of the press. The keynote address is expected to be on the record, and Chatham House Rule will be in effect for all else, meaning media may report on comments made during the event, but may not attribute remarks to individuals or organizations. To register, contact Suzanne Elio at the New York Fed: suzanne.elio@ny.frb.org.
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