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 18, 2013) -- Mary Jo White, the recently
named chairman of the Securities and Exchanges Commission, had the
opportunity to highlight the new priorities for the agency.
Enforcement and high-frequency trading figured prominently in the
brief to-do-list she presented to members of the Senate Banking
Committee.
Further
strengthening the enforcement function of the SEC, fair but also bold
and unrelenting, was top of mind in her presentation. Investors and
all market participants, she said, needed to know that the playing
field of the markets was level and that all wrongdoers, individual
and institutional, of whatever position or size, would be
aggressively and successfully pursued by the SEC. Strong enforcement,
she noted, was necessary for investor confidence and was essential to
the integrity of financial markets. Proceeding aggressively against
wrongdoers was not only the right thing to do, but it also would
serve to deter the sharp and unlawful practices of others who must be
made to think twice, and stop in their tracks, rather than risk
discovery, pursuit, and punishment by the SEC.
The
SEC needed, she added, to be in a position to fully understand all
aspects of today's high-speed, high-tech, and dispersed marketplace
so that it could be wisely and optimally regulated, which meant
without undue cost and without undermining its vitality. High
frequency trading, complex trading algorithms, dark pools, and
intricate new order types raised for her many questions and concerns.
Were they problematic for retail and non-institutional investors? Did
they result in unnecessary volatility, or create an uneven playing
field? Or did these modern-day features bring benefits such as
efficiency, price reduction, and healthy competition to our markets?
Did they do all of these things? The experts and studies to date, she
claimed, had not been consistent or definitive in their observations
and findings about whether and to what extent harm was caused by the
current market structure and practices. There must be a sense of
urgency brought to addressing these issues to understand their impact
on investors and the quality of the markets so that the appropriate
regulatory responses could be made. Finally, chairman White committed
herself to work not only to ensure that the SEC had the cutting-edge
technology and expertise necessary to enable it to keep pace with the
markets and its responsibilities to monitor, regulate, and enforce
the securities laws, but also to see around the corner and anticipate
issues.
To
further elaborate on SEC enforcement issues in the world's most
highly sophisticated market structure, Robert Cohen, Assistant
Director of Market Abuse Unit, Division of Enforcement, U.S.
Securities and Exchange Commission, will keynote High Frequency
Trading Leaders Forum 2013 New York City
(http://www.HFTLeadersForum.com),
July 30th, as part of Tech2Trade Expo 2013 New York City
(http://www.Tech2TradeExpo.com).
Cohen
joined the Securities and Exchange Commission in 2004. He has been
involved in significant enforcement actions involving investment
advisers and companies, insider trading, market manipulation, public
company accounting and financial disclosure violations. Currently, he
is responsible for supervising investigations of large-scale market
conduct. Prior to joining the SEC, Cohen was in private practice and
served as a law clerk to the Honorable Alexander Williams, Jr.,
United States District Court for the District of Maryland. He
received his J.D. from New York University School of Law, where he
served on the Law Review, and received a B.S. from Cornell
University.
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
No comments:
Post a Comment