Golden Networking Launching Tech2Trade Expo's Derivatives Trading Forum 2013 in New York, July 30
Golden Networking brings Tech2Trade Expo 2013 (http://www.Tech2TradeExpo.com), World's Most Influential Alternative Investments Conference Series, including Derivatives Trading Forum 2013, "Global Implementation of Regulatory Reform in the $640 Trillion OTC Derivatives Market," New York City, London, Chicago, Singapore and Frankfurt.
- New York, NY (1888PressRelease) June 05, 2013 - The trading of derivatives, largely privately negotiated and traded, is going through significant transformation, in what constitutes the biggest financial regulatory revamp since the 1930s. In recent years, derivatives have constituted huge profit machines at institutions like Bank of America, Citigroup, Goldman Sachs, JPMorgan and Morgan Stanley, which control 90% of all such contracts. In response to the global financial crisis and subsequent recession, authorities in both sides of the ocean passed the Dodd-Frank Wall Street Reform and Consumer Protection Act and the European Market Infrastructure Regulation (EMIR), the most significant pieces of financial regulation since the Great Depression; both have particular significance for OTC derivatives trading and market participants.
On December last year, the European Commission adopted technical standards produced by the Paris-based European Securities and Markets Authority (ESMA), which seek to implement parts of the European Market Infrastructure Regulation (EMIR), including stricter standards for central counterparties (CCPs). Last May, US regulators from the Commodity and Futures Trading Commission (CFTC) announced changes in the way that commodities are traded in a bid to help strengthen the financial system. "Now investment companies have to receive price quotes from a minimum of two banks, potentially giving smaller banks and investment houses the chance to go into the market and increase competition." said Edgar Perez, author of The Speed Traders and the forthcoming Knightmare on Wall Street. "Moreover, many types of derivatives that have traded exclusively in private must now shift to a regulated trading platform" Mr. Perez emphasized. The platforms, known as Swap Execution Facilities (SEFs), will open a rare window into the somewhat secretive world of derivatives trading.
Following the entry into force of these regulations, market participants are dealing with a complex list of requirements to be fulfilled at different deadlines in the coming months. For market participants, the key challenge will be to meet the central clearing and trade reporting obligations, while regulators strive to ensure consistency with foreign jurisdictions so as to limit the unintended effects of extraterritoriality.
Golden Networking is pleased to host at Tech2Trade Expo 2013's Derivatives Trading Forum 2013 (http://www.DerivativesTradingForum.com), this July 30 in New York City, September 18 in London., October 8 in Chicago, October 24 in Singapore and November 21 in Frankfurt. Derivatives Trading Forum 2013 aims at critically reviewing recent regulatory developments and identifying opportunities and challenges in the implementation process, which may influence its full entry into force in America, Europe and Asia. This recent regulation, with its implementing rules, will certainly reshape OTC derivative markets and produce structural changes in the financial industry, with effects for the real economy.
Golden Networking's Derivatives Trading Forum 2013, "Global Implementation of Regulatory Reform in the $640 Trillion OTC Derivatives Market", will provide attendees with answers to all their questions on how to successfully navigate the new regulatory landscape for over-the-counter and exchange-traded derivatives, devise profit-increasing strategies to enhance the performance of their trading desks and anticipate further developments in the industry.
Recognized industry experts will provide attendees with the information they are looking for in an open and unbiased environment. Leaders in the industry will also discuss long-term market and industry perspectives, taking into consideration the interaction of the Dodd-Frank Act and EMIR with other pieces of legislation.
Derivatives Trading Forum 2013, co-located with Hedge Funds Leaders Forum 2013 and 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 info ( @ ) goldennetworking dot net.
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