Golden
Networking brings Tech2Trade Expo 2013 (www.Tech2TradeExpo.com),
World's Most Influential Alternative Investments Conference Series,
including Derivatives Trading Forum 2013, "Global Implementation
of Regulatory Reform in the $640 Trillion OTC Derivatives Market,"
New York City, London, Chicago, Singapore and Frankfurt
(www.DerivativesTradingForum.com).
New
York City, NY, USA (June 3, 2013) -- The trading of derivatives,
largely privately negotiated and traded, is going through significant
transformation, in what constitutes the biggest financial regulatory
revamp since the 1930s. In recent years, derivatives have constituted
huge profit machines at institutions like Bank of America, Citigroup,
Goldman Sachs, JPMorgan and Morgan Stanley, which control 90% of all
such contracts. In response to the global financial crisis and
subsequent recession, authorities in both sides of the ocean passed
the Dodd-Frank Wall Street Reform and Consumer Protection Act and the
European Market Infrastructure Regulation (EMIR), the most
significant pieces of financial regulation since the Great
Depression; both have particular significance for OTC derivatives
trading and market participants.
On
December last year, the European Commission adopted technical
standards produced by the Paris-based European Securities and Markets
Authority (ESMA), which seek to implement parts of the European
Market Infrastructure Regulation (EMIR), including stricter standards
for central counterparties (CCPs). Last May, US regulators from the
Commodity and Futures Trading Commission (CFTC) announced changes in
the way that commodities are traded in a bid to help strengthen the
financial system. Now investment companies have to receive price
quotes from a minimum of two banks, potentially giving smaller banks
and investment houses the chance to go into the market and increase
competition. Moreover, many types of derivatives that have traded
exclusively in private must now shift to a regulated trading
platform. The platforms, known as Swap Execution Facilities (SEFs),
will open a rare window into the somewhat secretive world of
derivatives trading.
Following
the entry into force of these regulations, market participants are
dealing with a complex list of requirements to be fulfilled at
different deadlines in the coming months. For market participants,
the key challenge will be to meet the central clearing and trade
reporting obligations, while regulators strive to ensure consistency
with foreign jurisdictions so as to limit the unintended effects of
extraterritoriality.
Golden
Networking is pleased to host at Tech2Trade
Expo 2013's Derivatives Trading Forum 2013
(http://www.DerivativesTradingForum.com),
this July 30 in New York City, September 18 in London., October 8 in
Chicago, October 24 in Singapore and November 21 in Frankfurt.
Derivatives Trading Forum 2013 aims at critically reviewing recent
regulatory developments and identifying opportunities and challenges
in the implementation process, which may influence its full entry
into force in America, Europe and Asia. This recent regulation, with
its implementing rules, will certainly reshape OTC derivative markets
and produce structural changes in the financial industry, with
effects for the real economy.
Golden
Networking's Derivatives Trading Forum 2013, "Global
Implementation of Regulatory Reform in the $640 Trillion OTC
Derivatives Market", will provide attendees with answers to all
their questions on how to successfully navigate the new regulatory
landscape for over-the-counter and exchange-traded derivatives,
devise profit-increasing strategies to enhance the performance of
their trading desks and anticipate further developments in the
industry. Recognized industry experts will provide attendees with the
information they are looking for in an open and unbiased environment.
Leaders in the industry will also discuss long-term market and
industry perspectives, taking into consideration the interaction of
the Dodd-Frank Act and EMIR with other pieces of legislation.
Derivatives
Trading Forum 2013, co-located with Hedge Funds Leaders Forum 2013
and 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
info@goldennetworking.net.
Media
Contact:
Julia
Petrova
Media
Relations Coordinator
Golden
Networking
+1-414-FORUMS0
