The Buy-Side Trading Summit is an invitation-only event for the most senior-level buy side executives. If you are a buy-side trader or IT executive at a buy-side firm, this event was designed for you.
This year's event Transforming the Trading Desk — Illuminating the Dark focuses on the continuous evolution of the buy-side trading desk as buy-side traders incorporate cutting edge trading technology and learn to comply with new regulations such as Reg NMS and MiFID.
The trading desk transformation is still in its infancy. Some of the challenges and trends today that will result in technology investment or change include:
* The challenges of integrating order-management systems and execution-management systems, which is an issue almost every buy sider is facing.
* Determining what type of stand to take on soft dollars and possibly adopting commission management arrangements, means adopting new technology to manage these relationships.
* The rapidity at which new crossing networks and dark pools are being launched is creating a conundrum for the buy side—do they need to connect to and tap all of these dark pools? Will the dark pools all one day link to each other to provide one large liquidity pool? Which dark pools are right for which type of fund?
* And, of course, the transformation in the exchange space effects all traders—including the NYSE's union with Euronext and its partnership with Tokyo Exchange, the CBOT's possible deal with either the CME or ISE, and the Nasdaq potentially looking for a partner after being rebuffed by the LSE. The continuous change in the exchange space is causing change and confusion in the marketplace.
* Lastly the multitude of investments by broker-dealers in regional exchanges and in up and coming ECNs is a predictor of an increasingly electronic marketplace, one where all buy side traders need to understand the tools available and the technology trends on the horizon.
Progress Apama joins Advanced Trading at this conference which promises to give you a full download on their Algorithmic Trading Platform.
Official Website: http://advancedtrading.com/summit2007/;jsessionid=55ZZRUK0YDO3OQSNDLPCKH0CJUNN2JVN