Trade Internalization
May 9, 2006
Bayards, New York City
(Map)
Preliminary Agenda
8:00 Breakfast with Exhibitors
9:00
Chairperson’s
Opening Remarks
Dave Mortimer,
Managing Director, Algorithmic & Program Trading
Piper Jaffray
9:15
Introduction to Internalization of Trading: Who’s
Doing
It and How?
10:00
“Good” Internalization vs. “Bad” Internalization
10:30 Refreshment Break with Exhibitors
10:45
Impact of Internal Market Regulation on Algorithmic
Trading
and Other Execution Strategies
11:30
Best Execution: Agency vs. Proprietary Trading
12:00 Application
of Transaction Cost Research to Internal
Market
Trading
12:45 Luncheon with Exhibitors
1:45 Global Perspective: Lessons Learned from MiFID
2:30 View from the Buyside: Who Gains, Who Loses?
3:15
Refreshment Break with Exhibitors
3:30
Impact of Soft Dollar Regulations and Other
Regulatory Developments
4:00
New ECNs and Exchange Ownership: Are They Better
Trading
Venues or Simply Private-Label Internalization
Mechanisms?
4:30 Conference Adjourns
