10:59 AM
SEC Pushes Market Technology Roundtable to Oct. 2
The Securities and Exchange Commission announced the rescheduling of its market technology roundtable to Oct. 2, an event that will bring together market participants of various stripes to determine ways to prevent market-dislocating errors from wreaking havoc on investors.
The roundtable was originally scheduled for Sept. 14. The regulator said it decided to push it back in order to accommodate scheduling conflicts and to better respond to the strong interest the event has generated.
The roundtable will feature two panels, with the first being on how to prevent trading errors. The second will look to determine the best ways for participants to respond to errors and market malfunctions in real-time.
Plans for the roundtable were announced following a year marred by several high-profile market mishaps, from Facebook's disastrous debut on the Nasdaq, to BATS Global Markets' failed initial public offering, and the rogue algo that cost Knight Capital Group $440 million, nearly putting the once-venerable firm out of business.
As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio