April 2023

2023 STA DC Spring Update: Women in Finance (And Washington)

By Inessa Ruffman

JonesTrading & STA WIF Chair

Thank you to all who virtually attended our DC Spring Update on April 19! Part of our impressive lineup featured women across the regulatory and financial spaces, weighing in on a number of important issues facing our markets today and in the coming year:

Giang Bui, Head of U.S. Exchange Traded Products, Nasdaq

Jeanine Hightower-Sellitto, Chief Strategy Officer, EDX Markets

Rep. Brittany Pettersen (CO), Member, House Financial Services Committee

Mahlet Makonnen, Principal, Williams & Jensen

Cass Sanford, Deputy General Counsel, OTC Markets Group

Our program featured an interview with Rep. Brittany Pettersen, moderated by Cass Sanford of OTC Markets. As the first woman to represent Colorado's 7th District, Rep. Pettersen spoke on the growing number of women serving in Congress, her gratitude for the women in office who have served before her, and the opportunities for women and mothers serving. Rep. Pettersen also discussed the whirlwind of her first 100 days in Congress - which included the collapse of Silicon Valley Bank - her personal dedication to increased mental health awareness nationwide, and much more.

We'd like to thank the women who made this event possible and all who attended for supporting the important work of STA! We look forward to continuing our effort as an organization to #PutHerOnThePanel at our 90th Annual Market Structure Conference in October.

Check out the latest edition of STA WIF's Changing the Face of Financial Services interview Series featuring Tracy Caliendo, Managing Director, Head Global Commission Management and Hedge Fund Services at Bank of America. 

Tracy Caliendo

Managing Director, Head of Global Commission Management and Hedge Fund Services

Bank of America

Read Interview

Articles of Interest


The Best Paying Jobs in Finance Barely Go to Women


Some of the best paying jobs at the best paying financial services firms in London, barely go to women. Newly released gender pay gap figures in the UK reveal that hedge fund Millennium and electronic trading firm Jane Street - both of which are known for being some of the highest payers in the industry, barely have any women in top roles. 


Why More Female Executive Don't Play Golf - And Why That's a Problem

Wall Street Journal

Female executives face all sorts of barriers when it comes to using one of the great networking tools for business: golf. That’s according to a new study, identifying some of the benefits female executives derive from playing golf, as well as the reasons more female executives don’t golf. The study’s authors conducted a content analysis, reviewing almost 100 articles from academic journals, trade publications, general-interest publications and golf associations.


Breaking The Glass Ceiling: 5 Strategies Women Can Use To Advance In Finance


The finance industry has traditionally been male-dominated, with women facing significant barriers to advancement. While some progress on gender equality has been made in recent years, the industry still has a long way to go. For example, while women make up 52% of the entry-level workforce in financial services, “their representation falls off at every step of the corporate pipeline,” according to a 2021 McKinsey article.


Women's Changing Attitudes Toward Finance

The Street

 The Fidelity report found that “stress” (46%) is the word women most use to describe their emotions surrounding money, far more than men (34%), whose top term is “hopeful” (42%). The good news is that women are tackling stress by taking control of their finances; almost 90% of women say they have made money moves recently or plan to within the next six months. 


US Women Now Make as Much or More Than Men in Half of Marriages


In almost half of opposite-sex marriages in the US, women now earn at least as much or more than their husbands. Nearly one-third of wives earn roughly the same amount as their husbands, while the woman is the primary or sole breadwinner in 16% of marriages, according to a Pew Research Center report released Thursday. Combined, that’s a record high and a threefold surge from 50 years ago, when four in five households relied primarily on the man’s income.


2 Factors Are Stopping Women From Climbing the Career Ladder, but You Can Overcome Them

Yahoo Finance

The number of women in leadership positions in the American workforce has increased by just 1% in the past six years, from 36% in 2016 to 37% in 2022, a recent LinkedIn analysis found. The analysis also found that women are less likely to make the climb from entry-level roles to leadership positions, even in fields where they hold the majority of positions, like hospitality and administrative services.


Save the Date!

8th Annual STA Women in Finance Symposium

October 11, 2023

JW Marriott Washington DC

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