Data Minds - October 21, 2021

The Rise of the Retail Investor - Implications for Institutions and Regulators

The last two years have helped foster the perfect trading environment for retail participants. The COVID-19 pandemic, which caused both a surplus in time and money, plus the rise of no-commission trading apps such as Robinhood (and many competitors), lead to an influx of retail traders into the market. Increased participation by retail traders has presented challenges for institutional investors. Those challenges have forced both discretionary and non-discretionary professionals to take an even closer look at the data they use to create edge, to deal with things like inaccessible liquidity on individual stocks. 

You will learn:

  • How can institutional investors overcome the challenges presented by more retail investing? How can data help?

  • How will regulatory action, such as the potential ban on payment for order flow and restrictions against gamification of investing apps, come into play? 

  • Have we seen a major shift in market structure (makeup of institutional vs. retail participants) like this before? Can history provide any clue as to what happens next?

Virtual Panel
October 21, 2021 at 1pm ET | free to attend. Approximately 45 minutes.


Moderator


Tim Baker, CFA
Formerly Head of IEX Cloud

Tim has been a builder and innovator in fintech for the last 20 years.  Following a long stint at UBS, Tim ran content strategy and innovation at Thomson Reuters/Refinitiv, latterly creating Refinitiv Labs, a global team of data scientists and designers leveraging AI/ML, alternative data and blockchain. Most recently Tim led IEX Cloud, an innovative market data API serving institutions, fintechs and individuals. 


Panelists


Jessica Stauth, Ph.D.
Chief Investment Officer - Active Strategies
Geode Capital Management

Jessica is responsible for the oversight of Geode’s active portfolio management and research teams, and for driving strategic initiatives that contribute to investment performance and portfolio risk management.  Previously, she was Managing Director at Fidelity, and held senior quant strategy roles at Quantopian and Thomson Reuters.


Asha Mehta, CFA
Managing Partner & CIO
Global Delta Capital

At Global Delta Capital, Asha’s thematic focus includes Emerging & Frontier Markets and Sustainability Investing.  In prior roles, Asha was Lead Portfolio Manager at Acadian Asset Management as well as an investment banker at Goldman Sachs. Asha was named one of the Top 10 Women in Asset Management by Money Management Executive and was profiled as a "Brilliant Quant" by Forbes magazine. Asha is a Board Member of CFA Society Boston and an Advisor to the High Meadows Institute. 


Chris Petrescu
Founder of CP Capital
Formerly at ExodusPoint and WorldQuant

Chris Petrescu founded CP Capital to bring Data Strategy as a Service to the financial world. Chris was previously Head of Data Strategy at ExodusPoint Capital Management, where he managed global data sourcing and strategic enterprise data efforts across both quantitative and discretionary teams across all asset classes. Chris was also a data strategist at WorldQuant. He speaks frequently at industry events including: AI & Data Science in Trading, Battlefin and Neudata.


Franklin Gold
Co-CEO and Chief Strategy Officer
Orion Trading Systems

Franklin is currently Co-CEO and CSO of Orion Trading Systems, a provider of multi-asset trading software to brokers, educators, and their active trading customers. Prior to Orion, Franklin was a senior vice president at Fidelity Investments where he led the firm's award-winning online research and education for retail customers. He was also responsible for Fidelity's many other capabilities targeted at active traders.