NEW YORK, April 23 /PRNewswire/ -- TradingScreen today unveiled its 2008 Buy-Side Traders' Conference Series, entitled Today's Markets, Tomorrow's Tools: Staying Ahead of the Evolution in Electronic Trading. At five events spanning three continents TradingScreen will play host to some of the industry's leading experts as they discuss how to steer a path through the ever more complex world of electronic trading.
The keynote speaker this year is Robert Kay, managing director of GSCS Information Services. Kay will present the findings of the "The TradingScreen Algorithmic Trading Survey," the largest multi-broker, multi-client analysis to date of Buy-Side clients' use of algorithmic trading tools in global equity markets. Undertaken jointly by TradingScreen and GSCS, the analysis utilizes TradingScreen's unique cache of data from the last five years, and encompasses the trading activity of more than 200 hedge funds and other asset managers worldwide, that between them execute regularly more than a million trades using more than 100 different algorithms from all major investment banks and brokers.
The analysis highlights two key findings: is that algorithms generally outperform similar trades completed without the use of algorithms; and that even the more straightforward algorithms can deliver varying results. Direct comparisons are complex, but it seems clear that some algorithms consistently perform better in certain market conditions than others. "The combination of TradingScreen's data and Robert Kay and GSCS's down to earth research methodology is powerful, and deliver a practical guidance on how to use these new tools that can be of interest even to the most experienced trader," said Philippe Buhannic, chief executive of TradingScreen. "The results will take the debate about the effectiveness of electronic trading tools such as algorithms and dark pools beyond the anecdotal and provide some of the first real insight into how these applications are being used. We intend to develop this into a resource that will prove invaluable not just for trading equities, but for any financial products as they adopt and adapt the equities model."
Kay's keynote will provide the starting point for the panel discussions that follow. Industry leaders will bring clarity to a number of pressing concerns for today's buy-side trader: from the hunt for trading velocity to market volatility; from the growing battle for flow between brokers, exchanges and alternative trading platforms, to how to make multi-asset electronic trading pay.
In recognition of the success of past events, and of its increasing presence in the region, TradingScreen is this year adding Hong Kong to its list of conference venues. The 2008 The TradingScreen Buy Side Traders' Conferences will be held in:
* New York, Thursday, May 1st, W Hotel Union Square
* London, Thursday, May 22nd, Le Meridien Hotel
* Boston, Thursday, June 5th, Four Seasons Hotel
* Hong Kong, Thursday, October 16th, Mandarin Oriental Hotel
* Paris, Thursday, October 30th, Le Grand Hotel Intercontinental
The conference series is supported globally by a leading cast of industry sponsors which include Credit Suisse, Morgan Stanley, UBS, Merrill Lynch, Bear Stearns and JP Morgan.
For more information about these conferences and to request an invitation, please contact TradingScreen at:
New York Sales: +1 212 359 4100
Chicago Sales: +1 312 447 0100
European Sales: +44 (0) 207 149 3100
Asia Pacific Sales: +852 2522 8710
Japan Sales: +81 (3) 4540 8500
Visit: www.tradingscreen.com or email us at sales@tradingscreen.com
ABOUT TRADINGSCREEN:
TradingScreen Inc. is accelerating the technical evolution of the financial markets by providing a fully integrated, customer-oriented trading service platform to institutional investors. The proprietary TradingScreen platform links institutional investors and sell side firms together to facilitate order routing, execution management, clearing, and additional value added services, such as real straight through processing and prime brokerage enabling across all asset classes. TradingScreen provides global coverage from offices in New York, Chicago, Sao Paulo, London, Paris, Hong Kong and Tokyo.
SOURCE TradingScreen
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