Arlene McCarthy MEP at The Times: U.K. needs to take a crash course in influencing E.U. partners

Golden Networking hosts the World's Most Influential High-Frequency Trading Conference Series, High Frequency Trading Leaders Forum 2013 London "Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges", March 21 (

New York City, NY, USA (March 12, 2013) -- According to The New York Times, the British government stood isolated last week on an important European Union issue Tuesday after finance ministers from elsewhere in the bloc rejected its effort to water down proposed limits on bankers' bonuses.

The ministers, taking up rules provisionally approved last week by representatives of the European Parliament and member states, broadly agreed on Tuesday to cap bonuses at no more than the annual salary for bankers working in the 27-nation European Union and for those working for European-based banks worldwide. The ministers left the door open for further concessions that could permit some slightly higher bonuses. The bonus caps, which are subject to formal approval by a majority of member states, among other steps, are aimed at reining in the risky, but potentially high-reward, behavior that contributed to the financial crisis.

British officials and bankers have warned that the limits could make it harder to keep London, Europe's main financial hub, competitive with financial centers like New York, Singapore and Hong Kong.

"This government needs to take a crash course in finding friends and influencing E.U. partners," said Arlene McCarthy, a member of Britain's Labour Party in the European Parliament, senior member of the chamber's Economic and Monetary Affairs Committee and speaker at the most influential high-frequency trading conference in the world, Golden Networking's High Frequency Trading Leaders Forum 2013 ( "Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges," London, March 21. Ms. McCarthy said she supported the caps as the only way to rein in bankers. But she complained that the Cameron government had failed to win more favorable terms for the City "because of a kind of arrogance" toward its partners in the European Union.

High-Frequency Trading Leaders Forum 2013, "Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges" ( will bring insights for investors and speed traders who need to protect and refine their competitive advantage in a world dominated by algorithmic and high-frequency trading. Recognized practitioners, regulators, experts, and strategists will return to High-Frequency Trading Leaders Forum 2013 to provide attendees with the information they are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

Topics that will be discussed at High-Frequency Trading Leaders Forum 2013 include the movement toward emerging markets, which is increasingly attuned to the use of bots, and the regulatory environment, specifically how new technologies are changing the game, including a look at the upcoming regulatory changes that undoubtedly will be precipitated by Knight Capital's trading glitch.

High Frequency Trading Leaders Forum 2013 is produced by Golden Networking (, the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by calling +1-414-FORUMS0 or sending an email to

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking

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