Traders To Gather at TradeTech to Discuss Sweeping Changes Involving Reg NMS

Business Wire, Dec 14, 2006

Dr. Alan Greenspan Expected To Address Equity Trading Community At New York Meeting

NEW YORK -- TradeTech, the key industry meeting for equity traders, today revealed today that Reg NMS (Regulation National Market System) is expected to be the driving force for the 2007 program. Industry leaders anticipate that Reg NMS will be implemented over the first half of 2007. The rapidly approaching deadline has caused confusion even amongst senior traders at the market's larger asset management firms.

"Although the market has been anticipating this change for the past few years, most asset managers are still uncertain about how precisely Reg NMS is going to affect the way that they're represented in the market," explains Ian McRae, Executive Director, TradeTech. "From best execution requirements to the dissemination of real-time data - traders cannot overestimate the importance of keeping ahead of Reg NMS."

The regulation, which comes from the SEC (Securities and Exchange Commission), was conceived with the idea of enhancing and modernizing the exchanges. Asset management firms will have a chance to discuss best execution in the new market structure at the March meeting. Reg NMS was most recently pushed back from the June 29 deadline. The SEC plans to phase Reg NMS into the market through five stages, the last of which will be completed by next October.

TradeTech, which takes place in New York from March 5-8, is expected to draw more than 650 attendees. With the addition of Dr. Alan Greenspan, as well as 35 executive level buy side traders to the 2007 speaking faculty, TradeTech is expected to sell out before the end of January. TradeTech Canada, which took place in Toronto at the end of November, sold out a month before the event. Traders can register online at www.tradetechusa.com or over the phone at 888-482-6012.

Heads of trading and senior traders from the world's top asset management firms are also expected to speak at TradeTech 2007, including those from Barclays Global Investors, Goldman Sachs Asset Management, Bear Stearns Asset Management, Franklin Templeton, Northern Trust, State Street Global Advisors and Oppenheimer Capital.

About TradeTech

TradeTech was launched as a premier senior level conference for equity traders in 2001 in Europe. In 2005, Worldwide Business Research brought the equity event to the US market to rave reviews. More than 500 delegates attended the premier US event in 2005 and attendance has increased steadily since.

2006 marked the establishment of three new programs including TradeTech Asia and TradeTech Canada. In September, TradeTech West debuted in San Francisco where over 300 attendees, 120 buy side, met to discuss the increasingly difficult challenges facing equity trading desks. TradeTech is now the conference of record for equity traders in Europe, Asia and North America.