NEW YORK--()--Larry Tabb, CEO of TABB Group, the financial markets research firm focused exclusively on capital markets, has been invited by the US Senate Committee on Banking, Housing, and Urban Affairs to testify at a 10am ET, Thursday, September 20, 2012 open session at 538 Dirksen Senate Office Building, Washington, DC.
“Computerized Trading: What Should the Rules of the Road be?”
The Senate Subcommittee on Securities, Insurance and Investment session on “Computerized Trading: What Should the Rules of the Road be?” will be chaired by US Senator Jack Reed (D-RI) and address six areas of enquiry:
- What are the benefits of automated trading of securities in our marketplace? Are there any disadvantages?
- Does the current market structure allow all investors to participate in the market meaningfully and fairly? Why or why not? Are additional measures needed and appropriate to improve the integrity of our market structure?
- Have high-profile computer trading failures over the past year, such as the recent trading problem at one firm that sent stocks sharply higher and then lower over a period of minutes, discouraged ordinary investors from participating in the stock market? Have these failures and recent volatility with initial public offerings discouraged companies from taking advantage of the capital markets?
- What changes need to be made to help fortify our markets, especially during times of market stress? In particular, is it possible to minimize the systemic effects of a flawed algorithm or a computer strategy gone awry?
- Do regulators have adequate tools to identify and limit manipulative or abusive strategies?
- What, if any, policy changes should be considered by regulators or Congress in order to better protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation?
Tabb will give a five-minute opening address, followed by questions from subcommittee members. He has submitted a 22-page, 15-exhibit written testimony with detailed responses to the six enquiry areas.
TABB Group was founded in 2003 based on the interview-based research methodology of “first-person knowledge” that Tabb developed. He has written extensively on the changing market structure, exchanges and regulatory issues and business continuity as well as new technology trends in cost management, risk management, order management, best execution, algorithmic trading, dark pools, multi- and cross-asset trading, liquidity management, FIX, STP, connectivity, custody and advances in emerging technologies.
A featured speaker at major industry and business conferences throughout the US, Canada, Europe and Asia, he has been quoted in virtually all financial industry and general news publications, including The Wall Street Journal, Financial Times, Associated Press, The New York Times, CNN, Bloomberg, CNBC, Reuters, Dow Jones News, Barron’s, Forbes and Financial News.
About TABB Group
With offices in New York, London and expanding across the Asia-Pacific region, TABB Group is the financial industry’s only strategic advisory and research firm focused solely on capital markets, based on the proven interview-based research methodology of “first-person knowledge” developed by founder Larry Tabb. For more information, visit www.tabbgroup.com. In January 2010, TABB launched TabbFORUM, the online global capital markets community covering opinions and analyses on current industry issues, tracked daily by nearly 13,000 industry professionals.