October 2022

Conference Photos

Check out our photo album documenting STA's 89th Annual Market Structure Conference!

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Featured Article

A Friday to Remember: 89th Annual Market Structure Conference Shines a Light on STA’s Mission

by Jim Toes

President & CEO, STA

We're proud to say that STA's 89th Annual Market Structure Conference is in the books. On behalf of our entire Board of Governors, I’d like to once again extend a sincere thank you to all speakers, sponsors and attendees who joined us in Washington DC. Year in and year out, these individuals and firms are the driving force behind our flagship event, helping us to fulfill our mission.

This year’s conference theme, The Inflection Point, underscores many of the key issues facing our industry. On Wednesday and Thursday, a long list of regulators and executives from leading exchanges, broker-dealers, buy-side firms and technology vendors took the stage to discuss topics including SEC rulemaking, payment for order flow, the retail revolution, outsourced trading and more. You can view some of the highlights on our Twitter feed.

But it was perhaps the final day of the conference that best illustrated the purpose of STA. To sum up our mission, we often use the acronym ACES: Advocate, Communicate, Educate, Support. While our Friday agenda was abbreviated – the Acela trains fill up fast, after all – those in attendance experienced a program that exemplified all four of these core pillars. While attendees were able to listen to experts discuss the most pressing topics facing our markets, it was also a chance to take a step back, reflect and renew their involvement in the community that makes being part of STA, and the entire financial services industry, so rewarding.

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STA YouTube Channel

Private Market Ecosystem

Private markets continue to evolve, creating opportunities for managers, investors and companies alike. Earlier this month at STA's 89th Annual Market Structure Conference, Larry Tabb, Head of Market Structure Research at Bloomberg Intelligence, sat down with two industry leaders within the private markets sector: Tom Callahan and Brett Mock, both of Nasdaq Private Market. Tom and Brett gave an update on the private market ecosystem and potential changes on the horizon.

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STA in the News

CFTC’s Behnam Calls FTX Idea a Potential ‘Evolution’ in Market Structure

CoinDesk

FTX’s proposal to cut out the middlemen in U.S. crypto derivatives has shaken traditional financial firms, but the chairman of the Commodity Futures Trading Commission (CFTC) said the idea could mark an “evolution” in the way markets work.

Get Out the Red Bull, 24/7 Stock Trading Is Coming, Market Execs Say

Reuters

Around-the-clock trading, a feature of cryptocurrency markets, is likely coming to U.S. equities within five years, some retail brokerages and exchange operators, including Robinhood Markets and Cboe Global Markets, said on Thursday.

SEC Commissioner Calls on Congress to Pass Crypto Regulatory Bill

Pensions & Investments

Without endorsing a specific bill, SEC Commissioner Hester M. Peirce said Wednesday that Congress should pass legislation to provide regulatory clarity in the cryptocurrency market.

Everything’s Coming Up Gensler

Politico

SEC Chair Gary Gensler is vying to answer the thorniest questions that have hounded the U.S. stock market and crypto marketplaces for years.

It’s riled up everyone from Silicon Valley’s Sand Hill Road to Wall Street. And they’re all in Washington this week to gripe about it.

Securities Regulation at an Inflection Point

PLI inSecurities

Security Traders Association President and CEO Jim Toes joins Chris and Kurt to unpack key themes from the STA’s 89th Annual Market Structure Conference in Washington, D.C., including crypto regulation, best execution, “gamification,” payment for order flow and other market plumbing issues.

STA Women in Finance

7th Annual STA Women in Finance Symposium — Recap

One of STA’s top priorities is to advocate for those who have historically lacked a voice in the financial services industry, and at our 7th Annual STA Women in Finance Symposium, held earlier this month in conjunction with this year's STA Market Structure Conference in Washington DC, more than 110 Symposium attendees were reminded of the challenges, progress and unique opportunities that women face in this sector.

On the stage to facilitate that understanding was keynote Erin Gibbs, Chief Investment Officer, Main Street Asset Management. In an interview moderated by STA WIF Co-Chair Inessa Ruffman, Managing Director at JonesTrading Institutional Services, Ms. Gibbs shared her views on topics ranging from networking to working from home to building a personal brand.

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