New York, NY, April 29, 2010 --(PR.com
)-- Stock exchange operators are pitching U.S. securities regulators on potential programs for quoting low-priced stocks at increments of half a cent, as market authorities consider wide-ranging changes to the way shares are bought and sold in the U.S., reported Reuters News. The extent at which this proposal will impact the activities of High-Frequency Trading players will be discussed at GoldenNetworking.net's High-Frequency Trading Leaders Forum 2010, "Innovating and Profiting from High-Frequency Trading in 2010 and Beyond" (http://www.HFTLeadersForum.com), May 27th, 2010, at New York City's Flatotel Hotel.
Continues Reuters News: "Powerhouses NYSE Euronext and BATS Global Markets have suggested in recent days that the Securities and Exchange Commission test-drive subpenny pricing on exchanges, as a way to lower costs for investors and help exchanges compete with smaller electronic trading venues. Right now, stocks are quoted on exchanges in one-cent increments, after regulators reduced the minimum tick size from an eighth of a dollar in 2001. Traders are able to quote in increments of less than one cent if a stock is trading below $1. Off-exchange trading venues, such as so-called dark pools, don't have such restrictions and are able to quote prices in tiny fractions of a penny, giving investors a broader range of potential quotes. That's seen as a potential advantage over exchanges when it comes to buying and selling heavily traded, low-priced stocks such as Citigroup Inc., Sirius XM Radio Inc. or Bank of America Corp."
High-Frequency Trading Leaders Forum 2010 is produced by GoldenNetworking.net (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs, investors and diplomats, founded by former McKinsey consultant and Columbia Business School MBA Edgar Perez. Upcoming Leaders Forums and Business Networking receptions include:
· High-Frequency Trading Happy Hour, (http://www.HFTHappyHour.com), May 3rd, New York City
· Real Estate Leaders Forum 2010, "Successfully Investing in Distressed Real Estate Assets" (http://www.RealEstateLeadersForum.com), June 17th, New York City
Panelists, speakers and sponsors are invited to contact GoldenNetworking.net by sending an email to firstname.lastname@example.org. GoldenNetworking.net has been frequently featured in the press, including recent articles in The New York Times, "Golden Networking Helps Job Seekers Make Overseas Connections" (http://www.nytimes.com/2009/11/07/nyregion/07network.html) and Columbia Business School's Hermes Alumni Magazine, "10 Under 10" (http://www7.gsb.columbia.edu/alumni/news/ten-under-ten).