Could ITG’s Jamie Selway be the next Director and head of The Division of Trading and Markets at the Securities and Exchange Commission?

Quite possibly.

Selway declined to comment and it is not clear when a final decision or announcement will be made. The sources asked for anonymity because they were not authorized to speak with the media.

Selway is scheduled to speak at the SIFMA Market Structure conference in New York City today.

A spokesman for incoming SEC Chairman Jay Clayton said Clayton is focused on his confirmation in the Senate right now and would comment further.

Selway’s pedigree as an expert on equity market structure, is well-known throughout Wall Street. Selway co-founded broker White Cap Trading in 2003 and was on the board of directors at exchange operator Bats Global Markets from 2008 to 2015. He has also been a contributor for Traders Magazine.