Golden
Networking brings Tech2Trade Expo 2013 (www.Tech2TradeExpo.com),
World's Most Influential Alternative Investments Conference Series,
including High Frequency Trading Leaders Forum 2013, "Strategic
and Tactical Insights for Investors, Speed Traders, Brokers and
Exchanges," New York City, London, Chicago, Singapore and
Frankfurt (www.High-Frequency-Trading-Conference.com).
New
York City, NY, USA (July 22, 2013) -- As reported by Law360,
Senate Democrats told Secretary of the Treasury Jacob Lew that the
Securities and Exchange Commission (SEC) and the Commodity Futures
Trading Commission (CFTC) should streamline their cross-border swaps
rules, saying "conflicting approaches" may create new risk
in global financial markets.
"Creating
an overly complicated compliance system for market participants will
result in conflicting, duplicative or inconsistent rules that could
foster new and unforeseen risks and lead to international regulatory
arbitrage."
The
SEC has proposed its own international derivatives trading rules
allowing for so-called substituted compliance in which European
regulators can substitute their own rules if the SEC deems them
comparable to the Dodd-Frank Act.
But
the CFTC and its Chairman Gary Gensler have taken a tougher stance
than the SEC in seeking to impose capital, reporting, margin and
other rules on foreign firms with at least $8 billion in annual swaps
trading volume. That effort has drawn the ire of European regulators
and House Republicans, who say it could lead to regulatory confusion
and fragmented markets.
"Unfortunately,
to avoid uncertainty, the CFTC, SEC and international regulators need
additional time to get on the same page and resolve their
differences, and ensure that the world's financial regulations are
robust enough to stymie future risks posed to our economy."
Senate
Democrats have applauded the CFTC's approach to extending oversight
of the $700 trillion swaps market under Dodd-Frank to foreign
subsidiaries of U.S. financial institutions. What the impact will be
on HFT will be discussed at High Frequency Trading Leaders Forum 2013
New York City (http://www.HFTLeadersForum.com),
July 30th, part of Tech2Trade Expo 2013 New York City
(http://www.Tech2TradeExpo.com).
Golden
Networking's High Frequency Trading Leaders Forum 2013 will examine
the speed trading industry from various angles, in an opened and
unbiased environment highly conducive to networking. Topics to be
discussed at High Frequency Trading Leaders Forum 2013 will include:
-
Low Latency: How can Ultra-Low Latency be Achieved for High-Frequency
Trading?
-
Emerging Markets: How will Emerging Markets from Brazil to China
Affect the Scope of High-frequency Trading?
-
Robotic Markets: As High-frequency Trading Embraces Robotic Markets
Worldwide, How Will Participants be Able to Find new Opportunities to
Sustain Alpha Creation?
-
Regulatory Impact: With High-frequency Trading in the Spotlight, how
will New Regulations Change the Industry?
-
The Future of HFT: How will High-frequency Trading Evolve in
Ever-changing Technology and Regulatory Environments?
Tech2Trade
Expo 2013, to be held in New York City, London, Chicago, Singapore
and Frankfurt, is the world's most influential alternative
investments forum for the hedge fund, high-frequency trading and
derivatives communities. With dozens of practitioners, experts and
regulators speaking in our programs, Tech2Trade Expo 2013 provides
hundreds of investors, traders and portfolio managers with the key
lessons, proven recipes and penetrating insights they are looking for
to capture alpha in up and down markets.
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 download our Information Package or contact Golden
Networking directly by calling +1-414-FORUMS0 or sending an email to
information@goldennetworking.net.
Media
Contact:
Julia
Petrova
Media
Relations Coordinator
Golden
Networking
+1-414-FORUMS0
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