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How the SEC and CFTC can Work Together at Golden Networking’s HFT Conference in New York City

Golden Networking brings Tech2Trade Expo 2013 (www.Tech2TradeExpo.com), World’s Most Influential Alternative Investments Conference Series, including High Frequency Trading Leaders Forum 2013, “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges,” New York City, London, Chicago, Singapore and Frankfurt (www.High-Frequency-Trading-Conference.com).

New York City, NY, USA (July 22, 2013) — As reported by Law360, Senate Democrats told Secretary of the Treasury Jacob Lew that the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) should streamline their cross-border swaps rules, saying “conflicting approaches” may create new risk in global financial markets.

“Creating an overly complicated compliance system for market participants will result in conflicting, duplicative or inconsistent rules that could foster new and unforeseen risks and lead to international regulatory arbitrage.”

The SEC has proposed its own international derivatives trading rules allowing for so-called substituted compliance in which European regulators can substitute their own rules if the SEC deems them comparable to the Dodd-Frank Act.

But the CFTC and its Chairman Gary Gensler have taken a tougher stance than the SEC in seeking to impose capital, reporting, margin and other rules on foreign firms with at least $8 billion in annual swaps trading volume. That effort has drawn the ire of European regulators and House Republicans, who say it could lead to regulatory confusion and fragmented markets.

“Unfortunately, to avoid uncertainty, the CFTC, SEC and international regulators need additional time to get on the same page and resolve their differences, and ensure that the world’s financial regulations are robust enough to stymie future risks posed to our economy.”

Senate Democrats have applauded the CFTC’s approach to extending oversight of the $700 trillion swaps market under Dodd-Frank to foreign subsidiaries of U.S. financial institutions. What the impact will be on HFT will be discussed at High Frequency Trading Leaders Forum 2013 New York City (http://www.HFTLeadersForum.com), July 30th, part of Tech2Trade Expo 2013 New York City (http://www.Tech2TradeExpo.com).

Golden Networking’s High Frequency Trading Leaders Forum 2013 will examine the speed trading industry from various angles, in an opened and unbiased environment highly conducive to networking. Topics to be discussed at High Frequency Trading Leaders Forum 2013 will include:

– Low Latency: How can Ultra-Low Latency be Achieved for High-Frequency Trading?
– Emerging Markets: How will Emerging Markets from Brazil to China Affect the Scope of High-frequency Trading?
– Robotic Markets: As High-frequency Trading Embraces Robotic Markets Worldwide, How Will Participants be Able to Find new Opportunities to Sustain Alpha Creation?
– Regulatory Impact: With High-frequency Trading in the Spotlight, how will New Regulations Change the Industry?
– The Future of HFT: How will High-frequency Trading Evolve in Ever-changing Technology and Regulatory Environments?

Tech2Trade Expo 2013, to be held in New York City, London, Chicago, Singapore and Frankfurt, is the world’s most influential alternative investments forum for the hedge fund, high-frequency trading and derivatives communities. With dozens of practitioners, experts and regulators speaking in our programs, Tech2Trade Expo 2013 provides hundreds of investors, traders and portfolio managers with the key lessons, proven recipes and penetrating insights they are looking for to capture alpha in up and down markets.

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 information@goldennetworking.net.

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net