PR.com (press release) - New York, NY, June 05, 2010 --(PR.com)--
John Netto, Founder and Chief Executive Officer of M3 Capital, and Keynote Speaker at upcoming GoldenNetworking.net's High-Frequency Trading Happy Hour (http://www.HFTHappyHour.com), on "How to Efficiently and Effectively Attract Capital to High-Frequency Trading Strategies", was quoted by Reuters' Jonathan Spicer on his article "Revamp looms as trading experts huddle at SEC". Mr. Spicer attended High-Frequency Trading Leaders Forum 2010 last week, and was able to interact with a who's who in the High-Frequency Trading world.
"The Securities and Exchange Commission hosts the roundtable as hopes wane that anyone will pinpoint a single cause of the May 6 crash, in which the Dow Jones industrial average plunged some 700 points in minutes before sharply rebounding. A person familiar with the ongoing investigation said it is focused on connections between the futures and cash equities markets, and whether futures trading precipitated the plunge. Even more changes could come, as the plunge gave credence to some long-shot ideas mulled by regulators over the last year, such as saddling high-frequency traders with commitments to trade. The crash 'happened in a very extreme way at a velocity that we had yet to see, and it ... really exposed some of the microstructure issues that we have,'
John Netto, founder and CEO of brokerage M3 Capital, said at the High-Frequency Trading Leaders Forum here last week."
Hundreds of executives, professionals and investors in the High-Frequency Trading, Hedge Funds, Fund of Funds, Proprietary Trading, Quantitative and Algorithmic Trading worlds will meet at swanky Johnny Utah's, June 8th, starting at 6PM, for an evening of upscale business networking over drinks and complimentary appetizers.
