2013-02-01 18:00:47 - Golden Networking brings the World’s Most Influential High-Frequency Trading Conference Series, High Frequency Trading Leaders Forum 2013, "Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges," London, March 21 (http://www.High-Frequency-Trading-Conference.com), with Mr. Philippe Guillot, Executive Director of the Markets Division, Autorité des Marchés Financiers (AMF), as Keynote Speaker
(February 1, 2013, New York) Several European countries have announced their intention to implement a financial transactions tax, a small fee on stock trades meant to raise revenue and slow down some of the high-frequency trading that has come to dominate world markets. The merits of this idea will be discussed at High Frequency Trading Leaders Forum 2013 London ( www.High-Frequency-Trading-Conference.com), "Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges," this March 21 in London.
A transactions tax, in addition to seemingly raising much needed revenue without causing economic damage, would throw some sand in the gears of high-frequency traders. Even one of high-speed trading’s pioneers has admitted that such activity does nothing for the economy: “We are competing
at milliseconds,” he said. “And whether you can shave three milliseconds of an order, has absolutely no social value.” A number of financial industry experts, including several former executives at the nation’s biggest banks, said in a letter that a transactions tax “will rebalance financial markets away from a short-term trading mentality that has contributed to instability in our financial markets.”
Even the U.S. financial industry is growing increasingly concerned that a European push to establish a tax on financial transactions could end up on American shores. A group of investment and business lobbies warned Treasury Secretary Timothy Geithner that while they appreciated the Obama administration’s “sensible” opposition to such a tax, a growing movement in Europe to impose one could throw fragile markets off kilter. The letter was signed by the Securities Industry and Financial Markets Association, the Financial Services Roundtable, the U.S. Chamber of Commerce and the Investment Company Institute.
High Frequency Trading Leaders Forum 2013 London, "Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges" ( www.HFT-Leaders-Forum.com
), will provide attendees in London with the most up-to-date review of where this ever-changing industry stands and how new technology and regulatory developments will impact it. Recognized experts, regulators, and strategists, will return to High-Frequency Trading Leaders Forum 2013 London to provide the information practitioners are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.
High Frequency Trading Leaders Forum 2013 London ( www.High-Frequency-Trading.info
) is produced by Golden Networking ( www.goldennetworking.net
), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by calling +1-414-FORUMS0 or sending an email to firstname.lastname@example.org