Panel Discussion – New Realities & The Way Forward
A panel of trading firm executives discussed the opportunities and challenges facing this vibrant Chicago community.
Chair:
Robert Creamer, President & Chief Executive Officer, Geneva Trading, and Chairman, FIA Principal Traders Group
Speakers:
Jason Carroll, Managing Director, Hudson River Trading
Bernie Dan, Chief Executive Officer, Sun Trading
Sebastiaan Koeling, Chief Executive Officer, Optiver US
Remco Lenterman, Managing Director, IMC Trading, and Chairman, FIA European Principal Traders Group
Highlights:
- They all defend HFT and blame the Michael Lewis book Flashboys for all the bad press they get
- All are fearful of ever increasing regulations and cost of compliance
- Over regulation is forcing out risk capital
- Smaller prop firms, let alone individual market-makers are disappearing