It has been a busy 2011 for equities with two new trading Quorums launched in Asia Pacific- Hong Kong in May and Sydney in September.  On 20th September we were joined in Hong Kong by HKEx's Head of Market Development and the following week in Sydney we heard from ASIC's NSW Commissioner.

On Oct 6th at our New York equity trading Quorum, we will be joined by Greenwich Associates who will be tailoring a one-off session on market trends over the past five years and projecting out to see how those might look five years from now.  There is a link to Greenwich Associates web site on our home page.

Whilst Quorum 15 operates under the Chatham House rule and meeting notes are restricted to members, it would be appropriate to mention that a distinction needs to be made between the private investor and the retail investor; the

This quarter we have decided to step back from the in-depth regulatory discussions that characterized previous Quorums and step back to see how our fixed income world has been changing during the past 5 years and making an educated prediction as to what things might look like 5 years from now.

To guide us through this discussion, we will be joined by Greenwich Associates who will be tailoring a one-off session on on Oct 5th at our New York fixed income trading Quorum.

Comparing very recently collated research to similar research gathered 5 years ago will allow us to see market trends over the past five years.  Using assumptions based on likely regulatory and market structure change we will debate how things might look five years from now and whether that would be a desirable outcome for different market participants.