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Electronic Trading:
Securities Industry Structure and Trends


February 24, 2009
Bayards, New York City
(Map)

7 CPE Credits

 

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Event Location

Instructor

 

Instructor: Joe Rosen, President, RKA Inc. and former Managing Director, Trading Technology, NYSE
Hours: 9:00 am - 4:30 pm. Registration/breakfast at 8:30 am

Electronic trading is being adopted at an accelerating pace across Wall Street writ large, and is likewise rapidly altering the competitive dynamics and very landscape of the global securities and investments industry. 

This wide-ranging one-day seminar/training program -- led by a renowned industry practitioner, author, lecturer and consultant who has been in the thick of the electronic trading revolution since the very beginning, when he helped develop the first automatic execution system in the early 80's -- will help participants in an interactive session answer questions such as:  How will this paradigm shift affect the industry's various players and segments?  Who will win? Who will lose?  What can I and my organization do -- if anything -- to skew the odds in our favor?

Topics to be covered include:

   I.  Industry Overview
  • Segments
  • Players
  • Products
  • Processes
  2.  Electronic Trading [1]
  • What does it mean?
  • Evolution
  • Enablers
  • Role of 'OMS/ORN' vendors
  3.  Electronic Trading [2]
  • Case study of failure
  • Case study of success
  • Determinants of success & failure
  4.  Exchanges & 'Execution Mechanisms/Venues'
  • What do they do, and how do they make money?
  • Equities
  • Fixed Income
  • Derivatives
  • Forex
  • ECNs, ATSs, ...
  5.  Algorithmic Trading
  • What is it?
  • Where did it come from?
  • Why do we care?
  • Where is it headed?
  6.  Role of Regulation & Legal System
  • Sarbox
  • Reg NMS
  • MFID
  • "Best Execution"
  • Consolidation and 'Regulatory Arbitrage'
  • Trading System patents
  7.  Market Structure & Competitive Forces
  • Blurring distinctions between players/segments
  • Who is a customer?
  • Who is a competitor?
  8.  IT & The Securities Industry
  • Spending patterns
  • IT Black Holes & blunders
  • Key success factors = 'Rosen's Rules'





 

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