Global Exchange Leader Conference
237 Park Avenue
(entrance on Lexington b/w 45th & 46th)
2025 Confirmed Speakers
Fireside Chats
Panels
US Market Structure & Regulation: No Rest for the Weary
European Market Structure & Regulation: The Sky Isn’t Falling After All
Water, Water Everywhere: Sourcing Institutional Liquidity in a Complex Market
Running Up That Hill: New Exchanges Take on the Titans
2025 Confirmed Panels
US Market Structure & Regulation: No Rest for the Weary
Former SEC chiefs Jay Clayton and Gary Gensler unexpectedly barraged the industry with controversial equity market-structure proposals — but few of these have been implemented. Now, new Chairman Paul Atkins has wasted no time pursuing a rollback of the very centerpiece of stock-trading regulation: Rule 611, also known as the “trade-through rule,” of Regulation NMS. Is this wise? Will his efforts fare better than those of his predecessors? And what about other potentially massive changes on the horizon, such as equity “tokenization” and keeping markets open overnight? Our panel of senior exchange, sell-side and buy-side speakers covers all the angles.
- Giang Bui, Head of US Equities & Exchange-Traded Products, Nasdaq
- Diwa Cody, Market Structure & Policy Strategist, Jane Street
- Jenny Hadiaris, North America Head of Electronic Execution Services, Citigroup
- Gerry O’Reilly, Principal & Portfolio Manager, Vanguard Group
- Kevin Tyrrell, Head of Markets, NYSE Group
Moderator: Justin Schack, Partner & Head of Market Structure, Rosenblatt
European Market Structure & Regulation: The Sky Isn’t Falling After All
Reports that lit trading in Europe is plunging because of an upsurge in bilateral activity are exaggerated. The region's equity markets, however, would benefit from two developments: greater transparency and consolidation. The European Union's impending consolidated tape will help with the former, while takeovers and regulatory centralization could lead to more of the latter. How different will European equity markets, including the UK and Switzerland, look in a year's time? Don’t miss our senior exchange, sell-side and buy-side panelists’ projections.
- Landis Olson, Head of EMEA, Hudson River Trading
- Nicolas Rivard, Global Head of Cash Equity and Data Services, Euronext
- Virginie Saade, Head of Government & Regulatory Policy, EMEA, Citadel
- Richard Worrell, Co-Head of Equity Trading, London Stock Exchange Group
Moderator: Will Hadfield, European Market Structure Analyst, Rosenblatt
Water, Water Everywhere: Sourcing Institutional Liquidity in a Complex Market
Even with volumes booming, sourcing liquidity in today’s fragmented, complex equity market is a formidable challenge for institutional traders. In a constant quest to minimize transaction costs and boost execution quality for large orders, buy-side traders must balance a dizzying array of options — bilateral or multilateral, lit or dark, public or private — while monitoring outcomes, tweaking tactics and minding the ever-evolving venue and regulatory landscape. Hear esteemed buy-side leaders share a range of strategies for navigating these complex, fast-changing waters.
- Jonathan Clark, Head of Equity Trading, Voya Investment Management
- Frank Loughlin, Global Head of Execution Services, AllianceBernstein
- Bojan Petrovich, Global Head of Equity Trading, JP Morgan Asset Management
- Peder Viervoll, Head of Quantitative Trading, Norges Bank Investment Management
Moderator: Valerie Bogard, US Market Structure Analyst, Rosenblatt
Running Up That Hill: New Exchanges Take on the Titans
The already fiercely competitive US stock-exchange landscape is about to get even more crowded. A host of new entrants is queued up to join the 16 public markets currently vying for volume, despite record off-exchange market share and what could soon be dramatically shifting regulatory sands. Our panel features three upstarts with distinct approaches to innovation and differentiation, in such areas as listings and extended trading hours. But incumbents aren’t going to give ground easily. How will these budding bourses surmount the steep hill before them? And what will it mean for the rest of the industry?
- Dmitri Galinov, Founder & CEO, 24X Exchange
- Daniel Labovitz, CEO, Green Impact Exchange
- Cameron Smith, President, Texas Stock Exchange
Moderator: Valerie Bogard, US Market Structure Analyst, Rosenblatt
Event Agenda
