Member Article

Summit to discuss online trading

Finance, trade and regulation experts are meeting today to consider the risks involved in computer trading for businesses and the public.

The meeting will bring together representatives from the IMF, Bank of England and Bloomberg and will be chaired by Financial Secretary to the Treasury Mark Hoban MP.

The project, entitled “The Future of Computer Trading in Financial Markets”, hopes to make a contribution to efficiency, integrity and resilience of financial markets.

Professor Sir John Beddington, Government Chief Scientific Adviser and the project’s director said:

“As technology advances, an increasing proportion of transactions take place at ever higher speeds and with little human involvement, and it’s vital that we develop a better understanding of how this may affect markets.

It is hoped that the project will enable businesses to adopt an evidence based approach to regulation.

Mark Hoban, Financial Secretary to the Treasury and chair of the project’s High Level Stakeholder Group said:

“Computer trading is a hotly debated issue and our project’s goal is to shed light on its implications for financial markets and their regulation in Europe and elsewhere.

“Today’s meeting brings together international high-level stakeholders from a range of backgrounds to look at the opportunities and challenges presented by computer based trading.”

The meeting will also be advised by the High Level Stakeholder Group who will provide advice on issues they should be addressing and how best to achieve action.

This was posted in Bdaily's Members' News section by Ruth Mitchell .