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Conference Audio Files
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A panel discussion at the FIA Trading IT Conference in New York
With the increased automation of trading and the proliferation of products that are traded, setting and adapting static pre-trade limits manually has become unworkable and costly. In addition, the increase in use of algorithms and direct access to exchanges make it difficult to calculate exposures and cut off inappropriate trading in a timely fashion. This panel will discuss how the combination of automated risk calculation and availability of open APIs on both trading platforms and exchange interfaces is creating a whole new breed of algorithmic risk tools. Panelists include market risk practitioners, exchange staff who are designing risk systems, vendors who create automated and distributed risk tools, and traders who embed risk control into their trading algorithms.
With the increased automation of trading and the proliferation of products that are traded, setting and adapting static pre-trade limits manually has become unworkable and costly. In addition, the increase in use of algorithms and direct access to exchanges make it difficult to calculate exposures and cut off inappropriate trading in a timely fashion. This panel will discuss how the combination of automated risk calculation and availability of open APIs on both trading platforms and exchange interfaces is creating a whole new breed of algorithmic risk tools. Panelists include market risk practitioners, exchange staff who are designing risk systems, vendors who create automated and distributed risk tools, and traders who embed risk control into their trading algorithms.
A panel discussion at the FIA Trading IT Conference in New York
This session will cover how both trading firms and algo providers are managing the risks associated with algorithmic trading. Panelists will distinguish between algos used for profit generation and algos used to manage order execution. What are the responsibilities of the algo provider vs. the algo user? Our panel of algo experts will debate various ways of managing algos and the implications of pending regulations.
This session will cover how both trading firms and algo providers are managing the risks associated with algorithmic trading. Panelists will distinguish between algos used for profit generation and algos used to manage order execution. What are the responsibilities of the algo provider vs. the algo user? Our panel of algo experts will debate various ways of managing algos and the implications of pending regulations.
A panel discussion at the FIA International Derivatives Conference in Boca Raton, Florida
The so-called flash crash has brought a high level of scrutiny to how algorithms are used to execute orders. All types of market participants, not just high-frequency traders, are using algorithms to trade faster and more efficiently. How has the flash crash changed the way the buy-side evaluates algos? What are the responsibilities of the algo provider versus the algo user? Our panel of algo experts will debate various ways of managing algos and discuss how various regulatory approaches would help and which ones would harm the market.
The so-called flash crash has brought a high level of scrutiny to how algorithms are used to execute orders. All types of market participants, not just high-frequency traders, are using algorithms to trade faster and more efficiently. How has the flash crash changed the way the buy-side evaluates algos? What are the responsibilities of the algo provider versus the algo user? Our panel of algo experts will debate various ways of managing algos and discuss how various regulatory approaches would help and which ones would harm the market.
A panel discussion at the FIA Futures & Options Expo in Chicago
As more and more traders clamor for faster speed and ask to go to the exchange directly in a facility co-located with the matching engine, the fear that unintended or illegal trades can occur before anything can be done to stop them has increased. The FCMs who clear the trades, the exchanges, and the regulatory authorities have struggled to come up with appropriate risk control mechanisms that are technologically feasible. The trading firms agree that risk management is appropriate but want to ensure that the same risk standards are applied equally across all participants. The traders are also concerned that applying traditional regulations such as wash trade prevention becomes more complex in a world where multiple algorithms operate simultaneously, pursuing completely different strategies. What can be done to address risk and regulation in a high speed environment?
As more and more traders clamor for faster speed and ask to go to the exchange directly in a facility co-located with the matching engine, the fear that unintended or illegal trades can occur before anything can be done to stop them has increased. The FCMs who clear the trades, the exchanges, and the regulatory authorities have struggled to come up with appropriate risk control mechanisms that are technologically feasible. The trading firms agree that risk management is appropriate but want to ensure that the same risk standards are applied equally across all participants. The traders are also concerned that applying traditional regulations such as wash trade prevention becomes more complex in a world where multiple algorithms operate simultaneously, pursuing completely different strategies. What can be done to address risk and regulation in a high speed environment?
A panel discussion at the FIA Futures & Options Expo in Chicago
The FIA Market Access Working Group released in April recommendations for controls exchanges that allow direct access should have in place. The FIA then surveyed 55 exchanges around the world to determine which exchanges offer direct access and the controls they are considering or currently offer. This panel will discuss the results of the survey and various regulatory, exchange and private sector initiatives that address controlling risk in a high-frequency trading environment.
The FIA Market Access Working Group released in April recommendations for controls exchanges that allow direct access should have in place. The FIA then surveyed 55 exchanges around the world to determine which exchanges offer direct access and the controls they are considering or currently offer. This panel will discuss the results of the survey and various regulatory, exchange and private sector initiatives that address controlling risk in a high-frequency trading environment.
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