STA Magazine: Game Changers and Culture Creators 2016

EVERY YEAR the STA puts a meaningful amount of thought into the title of its annual market structure conference.

This year was no different and we’re pleased to announce that we have chosen the title Game Changers & Culture Creators.We chose this title because we felt it captured the reality our nation is facing with the election of a new President, while also making reference to a STA core value, the individual.

John Russell, Franklin Templeton - Chairman of the Board, STAThis November, our country will elect a new leader. An individual who no matter what side of the aisle you stand on will be a game changer and culture creator. This individual will lead us through economic highs and lows, as well as a complicated geopolitical landscape. Our industry will undoubtedly feel the impact from the result of this democratic process and will need to adapt and change in order to continue to strive.

New game changers and culture creators will undoubtedly emerge and place their mark on our markets. This year’s program will feature updates on some of the issues addressed at last year’s conference like the SEC’s Equity Market Structure Advisory Committee Panel that will have all four (4) subcommittee chairs. In addition, we have added a STA Women in Finance Symposium that will teach effective communication skills for women to use in negotiations and career development. This inaugural event is evolving into a meaningful opportunity for both education and networking and we are confident it will be game changer for STA’s annual conference this year and for years to come.

James Toes - President & CEO, STAWhile we are proud of the success we have achieved with this year’s event, we remain humble and thankful to all who take time away from their personal lives toattend. We hope you’ll be able to join the over 600 hundred financial services professionals we expect this year.

Lastly, we would like to thank all our sponsors.

We appreciate your support and partnerships, for without you, the STA could not achieve its intended goals. Thank you again and we look forward to seeing you in Washington D.C.


Editor’s Note

When was the last time the functioning of equity markets made news?

Dear Fellow STA Member

A note from outgoing Chairman Jon Schneider.

Shining Light on Dark Pools

Venue operators face scrutiny into how they conduct business.

November 8 Looms Large

Clinton or Trump? In a very unconventional election, the Republican candidate is the one feared by Wall Street.

EMSAC Comes of Age

Market structure advisory group ramps up activity, keeps SEC busy with recommendations.

CAT Moves Forward Slowly

The industry is on board with the concept but troubled by some details.

Equity Exchanges Evolve

Competition, fragmentation, and technology are among primary themes for listed-trading venues.

Market Structure Insights

Assessing the Disclose-and-Review approach to best execution. By Andrew Upward, Weeden

Spotlight on HFT Dims

High-frequency trading may not have quite gained acceptance — but at least the pitchforks have been put aside.

T+2 Draws Closer to Reality

But will new technologies complicate the migration?

Maker-Taker Under the Microscope

Has the nearly 20-year-old exchange pricing model outlived its usefulness?

Re-Imagining Reg NMS

Landmark equity-market ruleset is showing its age; how to update?

Options Auctions Vex Market Makers

Sidelines transactions diminish already-challenged displayed liquidity.

The Market Data Battleground

Data fees are ridiculously expensive… at least that’s what the brokers say.

Security Traders Association 80th Annual Conference

April 7, 2016 @ Three-Sixty in NYC.

BSTA Annual Conference

May 19-23, 2016 @ Fenway Park, Boston.

86th Annual SFSTA Conference

June 9-11, 2016 @ The Inn at Spanish Bay.

Markets Media Summer Trading Network

July 13, 2016 @ Google NYC Headquarters.

Minnesota Security Dealers Association Summer Reception

July 14-15, 2016 @ The Foshay Hotel, Minneapolis.