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
(www.High-Frequency-Trading-Conference.com).
New
York City, NY, USA (March 12, 2013) -- Philippe Guillot the newly
appointed Executive Director of the Markets Directorate, Autorité
des Marchés Financiers, will be speaker at upcoming, Golden
Networking's High
Frequency Trading Leaders Forum 2013 London,
"Strategic and Tactical Insights for Investors, Speed Traders,
Brokers and Exchanges", March 21. The Markets Directorate is a
new entity formed in 2011 to monitor the markets, infrastructures and
market stakeholders. With a headcount of around 40, it reports to the
Asset Management and Markets Directorate, run by Arnaud Oseredczuk.
The AMF Markets Division monitors financial markets, infrastructures
and market stakeholders.
According
to Waters Technology's Steve Dew-Jones, regulators are giving Mifid
I-which increased competition-a vote of confidence, but are also
highlighting the increased complexity and unintended consequences
that followed the legislation. In this regard, Guillot says that
"market microstructure is incredibly fragile and we do not know
exactly what will happen when we change it."
Mr.
Guillot added: "If you take the minimum resting time
proposition, this is something that is very harsh and there is no way
back after you have done it because if you put it at 500
milliseconds, afterward it will be very difficult to say, 'Oh, maybe
we should have put it at 480 or 520.' Look at what happened in Mifid
I. If you decide to create competition, it's very difficult to come
back, and you have lots of unintended consequences."
Mr.
Guillot began his career in finance in 1987 at DKL James Capel (now
HSBC), where he held various positions focused on financial markets.
In 1991 he joined Enskilda Securities as a market maker, first in
Paris then in London. In 1998 he moved to Crédit Agricole Cheuvreux
in Paris, taking over as head of Facilitation, before being appointed
Group Trading Director in 2006, in Paris then London.
Throughout
all these years, Mr. Guillot has played an active role in numerous
working groups and market authorities dealing with MiFID issues. He
was a member of the Securities Trading Committee of the AFME
(Association for Financial Markets in Europe), and represented
Cheuvreux with the Regulated Markets and MTF (Multilateral Trading
Facilities). Mr. Guillot holds a degree in private law from Paris XI
University.
The
AMF was established by the Financial Security Act of August 1st 2003,
and was formed from the merger of the Commission des Opérations de
Bourse (COB), the Conseil des Marchés Financiers (CMF) and the
Conseil de Discipline de la Gestion Financière (CDGF). The objective
in amalgamating these bodies was to improve the efficiency of
France's financial regulatory system and to give it greater
visibility. The AMF also lends its support to financial market
regulation at the European and International levels.
Mr.
Guillot, 50, began his career in finance in 1987, at DKL James Capel
(now HSBC), where he held various positions working on the markets.
In 1991 he joined Enskilda Securities as a market maker, first in
Paris then in London. In 1998 he moved to Crédit Agricole Cheuvreux
in Paris, taking over as head of Facilitation, before being made
Group Trading Director in 2006, in Paris then London. Throughout all
these years Philippe played an active role in numerous working groups
and market authorities dealing with MiFID issues. He was a member of
the Securities Trading Committee of the AFME (Association for
Financial Markets in Europe), and represented Cheuvreux with the
Regulated Markets and MTF (Multilateral Trading Facilities).
High
Frequency Trading Leaders Forum 2013 is produced by
Golden Networking (http://www.goldennetworking.net),
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 info@goldennetworking.net.
Media
Contact:
Julia
Petrova
Media
Relations Coordinator
Golden
Networking
+1-414-FORUMS0
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