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 12, 2013) -- For a long time, only a
tiny group of folks like me cared about the structures through which
investors' orders to buy and sell stocks and other financial
instruments were actually traded. Lately, that has changed, as it
will be noted at High Frequency Trading Leaders Forum 2013 New York
City, July 30th, as part of Tech2Trade Expo 2013 New York City
(http://www.Tech2TradeExpo.com).
According
to a Financial Times op-ed, a few years ago, during the peak of the
financial crisis, the rest of the world started waking up to what my
fellow geeks and I had long known: US equity market structure had
undergone a vast, long-term transformation - from a simple, mostly
manual system to an extraordinarily complex, highly automated one -
and that this metamorphosis was spreading to other markets globally.
Once
relegated to obscure trade journals and dry industry conferences,
market structure is now front-page news. And that coverage tends to
focus on episodes in which technology fails: the 2010 "flash
crash" in US markets and, in 2012, the aborted initial public
offering of exchange company BATS Global Markets, systems troubles
that affected the Facebook IPO and a software glitch at Knight
Capital Group.
News
stories, blogs and social media posts refer ominously to such
incidents and, generally, to high-frequency trading, as seriously
damaging investor confidence. The average reader could be forgiven
for thinking that worries over HFT and modern market structure are
driving mom-and-pop investors from the stock market in droves, like
so many terrified villagers in a Godzilla film.
Justin
Schack, managing director and partner at Rosenblatt Securities in New
York, agrees that today's structure may not be pretty, and elements
of it surely need fixing, but it wound up delivering better outcomes
for end investors than what it replaced. Transaction cost data from
multiple vendors show that institutional investors can implement
ideas far more cheaply today than before the transformation. This
includes not just exchange fees and broker commissions, but also the
price impact of large trades hitting the market. New, fundamental
changes to market-structure regulation could trigger another
transformative cycle, with no guarantee that investor outcomes would
improve in the end.
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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