Dark pools, algorithms, disappearing traders—the markets are being transformed by technology. Capital is increasingly disappearing into markets where immense computational power is required to find trading parties; and algorithms are replacing traders at many funds.
Renowned Wall Street technology analyst Larry Tabb will walk us through the numbers, showing what’s changing, how fast, and where technology is going in money and capital markets.
Larry Tabb is founder and CEO of TABB Group, the financial markets’ research and strategic advisory firm focused exclusively on capital markets. Founded in 2003 and based on the interview-based research methodology of “first-person knowledge” he developed, TABB Group analyzes and quantifies the investing value chain from the fiduciary, investment manager, broker, exchange and custodian, helping senior business leaders gain a truer understanding of financial markets issues.
Before founding TABB Group, he was vice president of TowerGroup’s Securities & Investments practice where he managed research across the capital markets, investment management, retail brokerage and wealth management segments. As the founding member of TowerGroup’s securities and investments business, he was instrumental in growing the business into a global brand representing over 150 research clients around the world.
Quoted extensively and in virtually all industry and general news publications, he has been cited in The Wall Street Journal, Financial Times, Associated Press, The New York Times, CNN, Bloomberg, CNBC, Reuters, Dow Jones News, Barron’s, Forbes, Business Week, Financial News, Wall Street & Technology, Securities Industry News, Waters, Global Investment Technology, Computerworld, eWEEK, American Banker, The Banker, Lipper HedgeWorld, Hedge Fund Review and Wall Street Letter. He continues to be a featured speaker at major industry and business conferences throughout the US, Europe, Asia and Canada.
Prior to joining TowerGroup, he managed business analysis for Lehman Brothers’ Trading Services Division and was responsible for overseeing the specification, testing and implementation of dozens of major systems during his tenure. He also led capital markets technology planning at Lehman Brothers where he developed one- and three-year technology plans from 1988 through 1992. He began his financial markets career managing various operations for the North American Investment Bank of Citibank, including front office trading and finance operations, back-office money market operations and, for US Treasury debt, proprietary trading clearance and settlement operations.
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