|
|
NEWSLETTER UPDATE
May 2013 Edition |
 CONTACT STA212.837.7765
|
|
Security Traders Association's
80th Market Structure Conference:
"Wall Street and Washington DC;
Finding the Midpoint"
Washington DC October 2-4, 2013
by Tom Carter
| |
In the coming months the STA Board will be working diligently on putting together our 80th Market Structure Conference program titled, "Wall Street and Washington, DC; Finding the Midpoint."
We chose this title because it serves as a visual on where the forces of market structure need to focus their attention. Today, despite the common goal shared by our law-makers, regulators and the financial industry for protecting the interests of individual investors, finding a midpoint where decisions can be made and implemented is very challenging. (See more on the title "Swedesboro NJ, the Mother of All Midpoints.") We hope that by the time you leave our conference, you will see STA as being an intermediary between these forces and that as an association we possess the required skills of neutrality and intellectual capital to play this critical role.
You should also know that his year's program will take into account much of the feedback we received from those of you who took the time to provide praise and constructive criticism on last year's event. This year the goal of education is the same, but as you read on you will notice that our approach has changed. Below is a list of promises that we at the STA Board will make to you, our member, on what you can expect from us at this year's event. As you read this contract, we hope you will see that we listened to your opinions and have adjusted our program accordingly. We hope you find what we've done to be what you'd like to see the STA provide, but not so much that you stop providing criticism. We want to be better for you.
Thank you, and we look forward to seeing in Washington.
We the STA Board promise to you, our member, that for STA's 80th Annual Market Structure Conference, we will:
- Provide educational content that benefits the individual buy- and sell-side traders across multiple asset class.
- Provide more audience interaction, Q&A and fewer speeches.
- Design panel discussions around particular issues with experts from the cross sections of our industry to provide their role and perspective.
- Educate congressional members, regulatory leaders and their respective staffs on our financial industry.
- Provide opportunities to enjoy the conference with your family.
|
|
"Swedesboro NJ, the
Mother of All Midpoints"
|
 Swedesboro, NJ (population: 2,486) is 115 miles from the steps of the United States Capitol and the front doors of our financial industry's most iconic symbol, the New York Stock Exchange. It is, metaphorically, the mother of all midpoints. But you will find no billboards along US I-95 advertising Swedesboro's geographical distinction and it is unlikely its citizens know of the potential tourist attraction that lies below their feet.
Our industry conducts a large portion of our business at the midpoint. It is the place where most buyers meet sellers, ideas become reality and the capital-formation process is consummated. It is where a lot good occurs for a broad range of individuals, with the help of an intermediary.
Today, our lawmakers, regulators and the financial industry are engaged in a three-way tug of war, which is ironic given that all three parties want what is in the best interests of individual investors. Despite this common goal, challenges still exist for getting these parties to the midpoint, where decisions can be made and implemented for the greatest good of the individual investor.
At this year's conference, the STA will advance our role in creating that midpoint - bringing together lawmakers, regulators and the industry for a reasoned, constructive discussion of the serious issues that face our financial markets. With your valuable input, the STA can be an intermediary in this mother of all trades. As we all know, the role of the intermediary is crucial and requires a combination of neutrality and wisdom. We hope that by the time you leave the conference you'll see STA as possessing both those qualities and you will become more involved.
|
Warren Buffett: Cost of Investing is 'Peanuts'
|
"The frictional costs of investing -- in a real investing manner -- are really peanuts. I mean they're far less than that the costs of real estate, or farms, or all kinds of things. Unless you turn it to your disadvantage by trying to do a lot of trading or something of this sort, it's a very, very inexpensive market to operate in." Warren Buffett, Interviewed by CNBC, May 6, 2013
|
|
| |
This communication was brought to you by:
|
|
|
|
News from "the Hill"
|  | |
Washington DC Update
SEC Small Business
Advisory Committee
See presentations by: |
Upcoming Events
|  | |
STA Open Call for Members
"Congressional Legislation on
Tick Study Pilot"
Thursday, May 30, 2013
4:30 PM EDT to 5:15 PM
|
|
Regulatory Updates
| |
Provided by:
|
|
|
Photo Gallery
| |
Provided by media partner:
| | STA of Los Angeles 78th Annual Conference |
|
|
|
|
Disclaimer:
This document prepared by the office of the Security Traders Association. This publication is for information purposes only and is based on information, data and notes from sources considered to be reliable; however, we do not guarantee accuracy, originality or reliability of such. Nothing contained herein is intended to be, nor should it be construed as, investment advice; nor should it be considered a solicitation to buy or sell any security or other financial products. Any comments or statements made herein do not necessarily reflect the thoughts of Security Traders Association Employees, its Board of Governors or its affiliates. |
|
|
