Rosenblatt’s 15th Annual

Global Exchange Leader Conference

Event by Invitation Only
September 29, 2022
New York City
2023 Early Registration Request
Convene Conference Center
237 Park Avenue
(entrance on Lexington b/w 45th & 46th)

2022 Confirmed Speakers

2022 Confirmed Panels

European Market Structure & Regulation: Continental Divide

It turns out the sloganeers were right — Brexit indeed meant Brexit. And now the UK and European Union are increasingly pursuing separate paths to markets regulation, including different policies on such critical topics as dark and OTC trading. All of this means not just more fragmentation and complexity for market participants, but also the real possibility that market shares will shift between the two jurisdictions, with related implications for the future of major financial centers in the region. Our panel, featuring policymakers from the UK and France as well as the region’s biggest venue operator and a major agency broker, attempt to make sense of it all.

Look, Up in the Sky — It’s a Bird, It’s a Plane, It’s… an Exchange?

Exchange groups are beginning to contemplate and plan for a future in which matching engines and data feeds migrate from physical data centers to cloud-hosted environments. Within the past year, for example, both CME Group and Nasdaq have announced partnerships — with Google and Amazon Web Services, respectively — to bring today’s exchanges into the cloud. Such a move could transform low-latency trading, creating both opportunity and risk as the world of servers in cages that proprietary-trading firms and major brokerage houses have spent decades optimizing gives way to a new and unfamiliar landscape. We’ll discuss these issues from every angle with senior executives at AWS, Nasdaq and powerhouse trading firm Jane Street.

The Future of Retail Brokerage: Will Regulation Disrupt the Disruptors?

A host of disruptive newcomers has transformed retail brokerage in recent years, attracting individual traders with slick apps and commission-free transactions. These firms soared to new heights as pandemic lockdowns and stimulus checks lured a new generation to participate in financial markets. But now, as regulators respond to 2021’s “meme-stock” frenzy with a host of sweeping reforms, these disruptors may find themselves disrupted by strict new rules that upend the market-structure status quo. How will they respond? Senior executives from three major trading apps discuss what the future holds.

Buy-Side Head Traders: Keeping Up with the Drumbeat of Change

With technology constantly advancing, data forever expanding, “meme-stock” fever raging and regulators preparing to upend equity market structure, managing a buy-side trading desk is more challenging than ever. How do today’s trading chiefs make the most of the latest innovations, analyze broker performance, source liquidity amid surging off-board segmentation and keep up with structural complexity — including the prospect of 24/7 trading? Hear top traders representing a diverse array of asset managers share their views on these important topics.  

US Equity Market Structure & Regulation: A New Regime Awaits

After soaring pandemic volatility, volume and retail participation triggered unprecedented disruptions in US equity markets, Securities and Exchange Commission Chair Gary Gensler is pushing through sweeping, once-in-a-generation reforms. The raft of rule proposals is expected to upend everything from tick sizes to off-exchange internalization. How will they affect market participants? Who will be the winners and losers? Hear executives from major exchanges, brokers and money managers offer their views on what could be the biggest revamp of US equity market structure since the last major regulatory overhaul began a quarter-century ago.

Event Agenda

September 29, 2022
7:00am–7:55am EDT
Registration/Breakfast
7:55am–8:05am EDT
Welcome Remarks
Joe Gawronski President of Rosenblatt Securities
Joe Gawronski
CEO
Rosenblatt Securities
rosenblatt securities logo svg
8:05am–8:35am EDT
Robert Cook
Robert Cook
President & CEO
FINRA
Moderator:
Justin Schack headshot
Justin Schack
Partner & Head of Market Structure
rosenblatt securities logo svg
8:35am–9:05am EDT
Jamil Nazarali
Jamil Nazarali
CEO
EDX Markets
Moderator:
Andrew Bond headshot
Andrew Bond
Managing Director
rosenblatt securities logo svg
9:05am–10:05am EDT
US Equity Market Structure & Regulation: A New Regime Awaits
Michael Blaugrund
Michael Blaugrund
COO
NYSE Group
Adam Inzirillo
Adam Inzirillo
SVP, Head of North American Equities
Cboe Global Markets
Gerry O’Reilly
Gerry O’Reilly
Principal, Portfolio Manager
Vanguard
Jeff Starr
Jeff Starr
Managing Director & Head of Operational Services
Charles Schwab
Eric Swanson
Eric Swanson
CEO, Americas
XTX Markets
Moderator:
Justin Schack headshot
Justin Schack
Partner & Head of Market Structure
rosenblatt securities logo svg
10:05am–10:20am EDT
Morning Break
10:20am–10:50am EDT
Doug Cifu
Doug Cifu
CEO
Virtu Financial
Moderator:
Andrew Bond headshot
Andrew Bond
Managing Director
rosenblatt securities logo svg
10:50am–11:20am EDT
Stéphane Boujnah
Stéphane Boujnah
CEO
Euronext
Moderator:
Justin Schack headshot
Justin Schack
Partner & Head of Market Structure
rosenblatt securities logo svg
11:20am–12:05pm EDT
European Market Structure & Regulation: Continental Divide
Rob Boardman
Rob Boardman
CEO, Virtu ITG UK
Virtu Financial
Fabio Braga
Fabio Braga
Manager, Trading & Wholesale Conduct Policy
Financial Conduct Authority
Philippe Guillot
Philippe Guillot
Managing Director, Data & Markets Directorate
AMF | Autorité des Marchés Financiers
David Howson
David Howson
President
Cboe Global Markets
Moderator:
Justin Schack headshot
Justin Schack
Partner & Head of Market Structure
rosenblatt securities logo svg
12:05pm–1:05pm EDT
Lunch Break
1:05pm–1:50pm EDT
Buy-Side Head Traders: Keeping Up with the Drumbeat of Change
Vinod Addidam
Vinod Addidam
Head of Equities and Commodities Global Trading
AQR Capital Management
Eden Simmer
Eden Simmer
EVP & Head of Global Equity Trading
PIMCO
Michael Warlan
Michael Warlan
Head of Global Trading
Third Avenue Management
Moderator:
Justin Schack headshot
Justin Schack
Partner & Head of Market Structure
rosenblatt securities logo svg
1:50pm–2:20pm EDT
Lynn Martin
Lynn Martin
President of NYSE, Chair of ICE Fixed Income and Data Services
NYSE Group
Moderator:
Justin Schack headshot
Justin Schack
Partner & Head of Market Structure
rosenblatt securities logo svg
2:20pm–2:50pm EDT
Adena Friedman
Adena Friedman
President & CEO
Nasdaq
Moderator:
Justin Schack headshot
Justin Schack
Partner & Head of Market Structure
rosenblatt securities logo svg
2:50pm–3:05pm EDT
Afternoon Break
3:05pm–3:45pm EDT
Look, Up in the Sky — It’s a Bird, It’s a Plane, It’s… an Exchange?
Alexander Mirarchi
Alexander Mirarchi
Capital Markets Specialist
Amazon Web Services
Marc Murphy
Marc Murphy
Senior Vice President, Market Services
Nasdaq
Brian Nigito
Brian Nigito
Senior Technologist
Jane Street
Moderator:
Justin Schack headshot
Justin Schack
Partner & Head of Market Structure
rosenblatt securities logo svg
3:45pm–4:30pm EDT
The Future of Retail Brokerage: Will Regulation Disrupt the Disruptors?
Anthony Denier
Anthony Denier
CEO
Webull
Stephen Sikes
Stephen Sikes
COO
Public
Moderator:
Andrew Bond headshot
Andrew Bond
Managing Director
rosenblatt securities logo svg
4:30pm–5:00pm EDT
Haoxiang Zhu
Haoxiang Zhu
Director, Division of Trading and Markets
U.S. Securities and Exchange Commission
Moderator:
Justin Schack headshot
Justin Schack
Partner & Head of Market Structure
rosenblatt securities logo svg
5:00pm–6:00pm EDT
Cocktail Reception

Covid-19 Policies

We are closely monitoring the situation in New York City, as well as the regions from which GELC attendees will be traveling, regarding the Covid-19 pandemic and plan to take the following steps to help attendees protect themselves and reduce spread: