May 2018
Feature Article


85th Annual Market Structure Conference: Shaping the Future
by Mike Rask
Hodges Capital & STA Chairman

Shaping the Future . We chose this as the 2018 Market Structure Conference title because we felt it captured the industry’s proactive response to changes in market structure brought on by technology and a regulatory regime that has shifted in the aftermath of the 2016 Presidential Election.
 
Technology and regulation have always had an influence on our industry, however most of us would be hard-pressed to find a point in history when their combined influences were felt to the degree we are experiencing today. Innovative technology like blockchain, as well as legacy technology (as in all things big data), are impacting market structure. We've also never been influenced to this extent by regulation, both domestic and international. Given these influences, a proactive response is appropriate and necessary.
 
As an organization that serves the individual, our goal is to inspire industry professionals to be proactive in shaping their future as well. This industry is constantly evolving and maintaining necessary skills is a challenge, even for the most talented of us. As this year’s theme is woven into panel discussions and fireside chats, we hope our attendees will not only be inspired to be proactive career-wise, but also better educated and informed. 
 
While the conference title changes each year, you can expect certain parts of the program to be consistent with years past. We will kick off Wednesday morning with the 3 rd Annual STA Women in Finance Symposium in the main conference hall. The Buy-Side Roundtable will feature a presentation by TABB Group’s Larry Tabb followed by a group discussion. Other topics will include: Equities , Exchange-Traded Products , Listed Options and MiFID II . Look for more details on content and speakers in the coming months. 
 
We hope you will be able to join the 700 financial services professionals we expect to see in Washington DC this October. Until then, on behalf of the entire STA Board we wish you and your families a happy and safe summer! 
Thank You Sponsors!
2018 Conference Information
STA in DC

STA Letter on Proposed Access Fee Pilot

"STA believes that the impact access fees have on our market structure has evolved since they were originally implemented. Therefore, we support a review of them that includes conducting a pilot which can produce empirical data." more here .
STA Taking Stock
brought to you by JonesTrading

Mom was right, they are our nation's best

In our industry, the word “best” is associated with accomplishment and titles like, CEO. But, for my Mother it was about service and sacrifice for others that deemed a person to be one of “our nation’s best" and there is no greater sacrifice than giving one’s life in the service for others. more here.
Visit Taking Stock
STA Open Call
 brought to you by Virtu

ICYMI: Acess Fee Pilot - May 8
Presented by: Adam Sussman, Head of Market Structure, Liquidnet

SEC's proposed access fee pilot will study the effects that transaction-based fees and rebates may have on order routing behavior, execution quality and market quality in NMS Securities.

STA Women in Finance
brought to you by Thomson Reuters

Making compassionate connections with your children
by Janis Gioia, MAEd.

Jennifer Morgan rushes in the door at 6:30 pm on an early night, hoping the new nanny remembered to start dinner. She hasn’t stopped for twelve hours, but the Starbucks Venti in her left hand will propel her through this second shift, the best part of her day.

Three little bodies scamper down the hall and wrap around her legs. In a unison chorus they proclaim, “Mommy’s home!”

After setting her briefcase and coffee on the hall table Jennifer gathers her children into a warm, giggly and rather sticky group hug. Read more here .
Visit STA WIF News
Upcoming Affiliate Events
 brought to you by Citadel Securities

June 8-11 - San Francisco STA 88th Annual Conference, Pebble Beach Resorts. details

June 14-15 - STA St. Louis Annual Summer Outing, Westin St. Louis. details

June 21 - Ohio STA Annual Summer Outing, Cleveland Marriott Downtown. details
Grassroots Giving
SecureFutures - Financial literacy for teens : Founded in 2006, SecureFutures' mission is to provide financial literacy programs and resources that empower students to make sound financial decisions. Click here to help support this important organization targeting today's youth.

Learn more about
Media Inquiries
Mark Dowd
Forefront Communications Group
973-761-0960