Phil Mackintosh
Traders Magazine Online News

What's Fair? It Depends on Your Point of View

Nasdaq's Phil Mackintosh dives into the pricing and mechanics surrounding IBKR's recent listing switch from IEX.

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Should the SEC allow bitcoin-backed ETFs to hit the market?

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Speaker Bios

Colonel Jack Jacobs

Jack Jacobs entered the U.S. Army in 1966 as a Second Lieutenant through the ROTC program. He served as a platoon leader in the 82nd Airborne Division, executive officer of an infantry battalion in the 7th Infantry Division, and commanded the 4th Battalion 10th Infantry in Panama. He was in Vietnam twice, both times as an advisor to Vietnamese infantry battalions, and he is among the most highly decorated soldiers from that era, having earned three Bronze Stars, two Silver Stars and the Medal of Honor, the nation’s highest combat decoration. Jacobs retired as a Colonel in 1987. He was a founder and Chief Operating Officer of AutoFinance Group Inc, one of the firms to pioneer the securitization of debt instruments; the firm was subsequently sold to Key Bank. He was a Managing Director of Bankers Trust, where he ran foreign exchange options worldwide and was a partner in the institutional hedge fund business. He retired in 1996 to pursue investments.

Rick Ketchum, CEO & President, FINRA

Prior to becoming CEO of FINRA, Mr. Ketchum was CEO of NYSE Regulation from March 2006 to
March 2009. He served as the first chief regulatory officer of the New York Stock Exchange, a position he began in March 2004. From June 2003 to March 2004, Mr. Ketchum was General Counsel of the Corporate and Investment Bank of Citigroup Inc., and a member of the unit’s planning group, Business Practices Committee and Risk Management Committee.  Previously, he spent 12 years at NASD and The Nasdaq Stock Market, Inc., where he served as president of both organizations. Prior to working at NASD and NASDAQ, Mr. Ketchum was at the Securities and Exchange Commission (SEC) for 14 years, with eight of those years as director of the division of Market Regulation.

Chris Mirabile, The

Chris Mirabile is a co-Founder and CEO of the geosocial networking technology, Hotlist. Mirabile, a graduate of New York University Stern School of Business, was the youngest entrant to win the NYU Stern Business Plan Competition, from which was launched, and is now a guest lecturer there. After more than 700,000 nominations for 25 categories, Mirabile was considered one of the top five Entrepreneurs of The Year at the 2011 Consumer Electronics Show, as part of the 2010 Mashable Awards.

Chris Nagy,TD Ameritrade

Managing Director of Order Routing Strategy for TD Ameritrade, moderates a panel of seasoned exchange experts who will discuss vertical integration, globalization and the impact regulation & technology plays on initiatives such as multi-asset trading, globalization, cross market coordination and oversight. What are our exchange leaders doing in anticipation of regulatory initiatives which address fragmentation, volatility and capital formation

Yousef Abbasi, JonesTrading

Currency Issues: The US Dollar, Survival of the Euro & the European Union

Yousef Abbasi will address some of the known and unknown risks in the Eurozone that are impacting the Euro. While the facts continue to shift around the situation, Mr. Abbasi will examine some of the risks of the EU debt crisis as well and conclude with an assessment of what needs to be done to keep a solvent EU.

Nick Colas, ConvergEx

In his role as Chief Market Strategist, Mr. Colas is responsible for analyzing trends in the economy
and financial markets. A seasoned Wall Street analyst and portfolio manager, he is charged with providing ConvergEx clients with the latest, in-depth market analysis and commentary through our daily “Morning Markets Briefing”. He frequently speaks and provides market commentary to the media in both print and interactive mediums. Mr. Colas appears regularly on CNBC, Bloomberg TV, PBS and Fox Business News where he presents analyses and commentary on market trends and developments.

Jason DeSena Trennert, Strategas Research Partners

Jason DeSena Trennert is the Managing Partner and Chief Investment Strategist of the Firm. Jason has been ranked consistently as one of the nation’s top investment strategists. In 2006, he was named to SmartMoney’s Power 30 list of the most influential people in the world of investing. Widely quoted in the domestic and foreign press, he is a regular guest host on CNBC’s Squawk Box. He is the author of the popular investment book, New Markets, New Strategies, published in 2005 by McGraw Hill. Prior to founding Strategas, Mr. Trennert was the Chief Investment Strategist and a Senior Managing Director at International Strategy & Investment (ISI) Group where he built and oversaw two of that Firm’s most popular research efforts, the Company Surveys and its Investment Strategy Group. He has an MBA from The Wharton School at the University of Pennsylvania and BS in International Economics from Georgetown University.

Jamie Selway, ITG

Jamie Selway, Managing Director and Market Structure Analyst for ITG, will moderate a panel of
highly qualified representatives from some of today’s largest sell side firms who service retail
investors. The panel will address many of the perceptions retail investors have about today’s market structure and whether regulatory initiatives are improving investor confidence. Costs and effectiveness of the regulatory initiatives will be discussed, as well as the role broker dealers play in servicing and protecting this class of investor.

Dan Mathisson, Credit Suisse

Mr. Mathisson is a Managing Director at Credit Suisse, where he is the Head of Electronic and Program Trading. He joined Credit Suisse in 2000, and shortly after founded the Advanced Execution Services (AES) team, which is now the global market leader in algorithmic trading. Prior to Credit Suisse, he was the head equities trader at D.E. Shaw. Mr. Mathisson writes a regular column about trading and markets for Traders Magazine. In 2010 he was named #6 on Institutional Investor’s list of the 40 most influential people in financial technology.

Rick Santelli, CNBC

Rick Santelli joined CNBC Business News as on-air editor in June 1999, reporting live from the floor of the Chicago Board of Trade. His focus is primarily on interest rates, foreign exchange, and the Federal Reserve.  A veteran trader and financial executive, Santelli has provided live reports on the markets in print and on local and national radio and television. He joined CNBC from the Institutional Financial Futures and Options at Sanwa Futures, L.L.C. There, he was a vice president handling institutional trading and hedge accounts for a variety of futures related products. Santelli began his career in 1979 as a trader and order filler at the Chicago Mercantile Exchange in a variety of markets including gold, lumber, CD’s, T-bills, foreign currencies and livestock.

David Franasiak, Principal of Williams & Jensen

As a Vice President of Finance and a member of Williams & Jensen’s Executive Committee, David
specializes in a legislative and administrative practice focused on tax, securities, financial institutions and natural resources. Prior to joining Williams and Jensen in 1992, David was a Principal in the Office of the Chairman at Ernst & Young, working on tax, securities and financial institution issues.  STA has enjoyed a 10 year partnership with Williams and Jensen and value their contributions to our Washington DC strategy.

Linda Lord,  UBS Securities

Managing Director, Head of US Legislative and Regulatory Affairs and former Chief Counsel at the U.S. Senate Banking Committee will discuss the level of coordination between governmental and non-governmental regulatory agencies between various countries. Realizing that as financial markets become globally linked, the pressure on regulatory agencies to do no harm to their local markets. The panel will also discuss U.S. regulations that foreign counterparts are less likely to adopt in their own regimes and the competitive risks the U.S. will face.

Alan Grigoletto, Options Industry Council

Institutional clients continue to seek products & platforms that can enable them to better manage
risk. What are the growth drivers for Institutional users? How are the exchanges, brokers and technology service providers helping their clients navigate the complexities of both market structure and regulatory change? Which innovations can help institutional clients more efficiently source sizable liquidity? How is volatility as asset class being used to manage risk? How are institutions dealing with correlated asset risk? What are the overall challenges to both buy side and sell side desks?

Matt Long

The Long Run: A New York City Firefighter’s Triumphant Comeback from
Crash Victim to Elite Athlete

On the morning of December 22, 2005, Matt Long’s life changed in an instant. He was cycling to
work in the early morning when he was struck and run over by a 20-ton bus making an illegal turn.
The injuries he sustained pushed him to the brink of death. He received 68 units of blood in the first 40 hours after the accident and spent 5 months in the hospital. More than 40 operations later, he finally began a grueling rehabilitation regimen.

Matt found the psychological consequences of the accident nearly as hard to process as the physical severities. His doctor had told him he’d be lucky to ever walk again without a cane. Matt fought through months of fear, despair, loneliness, and intense physical and psychological pain to regain the life he once had. His recovery was a miraculous one which included everything from learning to walk again and, a mere three years later, running in the 2008 New York City Marathon. “Running saved my life,” Matt says, and his determination and perseverance has turned him into a symbol of hope and recovery for countless others.

Matt’s story was covered in a wildly popular article in the March 2009 edition of Runner’s World magazine. Matt has since chronicled his life and journey both before and after the accident in his book The Long Run, released in October 2010. Matt has also started the I WILL Foundation which provides coaching, training and financial support to help people overcome adversity and challenges caused by illness or traumatic injury.

Rick Knox, Capital Markets Research

Forecasting Macro Trends.

Richard Knox is the President and Founder of Capital Markets Research, an institutional only quantitative research firm. Capital Markets’ unique research and quantitative models - distributed through Bloomberg and Bloomberg Tradebook - have been utilized by global Portfolio Managers and Traders for over 10 years. In addition, Mr. Knox is CEO of IF Analytics, which offer its patent pending multifactor fundamental correlation engine exclusively within certain McGraw-Hill Financial businesses. Prior to forming Capital Markets Research, Mr. Knox was Vice President of CQG and Executive Vice President of Franklin Trading Company - a CQG affiliate - where he was a member of the executive committee, head of Global Sales, Portfolio Management, Quant System Development, and Risk Management.

Todd Lopez, Goldman Sachs

Todd Lopez, Managing Director and co-head of Americas Sales, Goldman Sachs Electronic Trading will discuss the regulatory and technological changes in how buy-side firms allocate their commission budgets. The panel will address some of the various procedures buy-side firms, of varying asset sizes and corporate structures, use in assessing the value of the services provided by brokers. The panel will also discuss the challenges these processes present and provide commentary on the results they are having on the quality of research and other services.