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Event Detail

Distinguished Speakers Series: Jim McTague (Ended)


How Cyborgs captured Wall Street

Date, Time, and Location:
Wednesday, March 20, 2013 (add this event to your Outlook Calendar)
12:00 pm
The Chicago Club, 81 E. Van Buren St, Chicago, IL  60605   (Driving Directions)

Jim McTague Distinguished Speakers Series:
Jim McTague, Washington Editor, Barron's Magazine

Date, Time, and Location:
Wed., March 20, 2013
12:00 - 1:00 pm
The Chicago Club, 81 E. Van Buren, Chicago, IL

Program Description:
How Cyborgs captured Wall Street

Crap Shoot Investing and Barron's Washington Editor, Jim McTague reveals the twin causes of this massive transformation: high-frequency traders using mathematical hocus pocus, and blundering regulators whose attempts to promote long-term investment have massively backfired.

You'll learn how new exchanges, desperate for cash, are attracting high-frequency traders at everyone else's expense … how "dark pools" of hidden trades are tilting the playing field … how even small investors are promoting dangerous volatility.

Fee:
Members - $45
Non-Members - $55
Student-Members - $10
(payable by cash, check, credit card or function ticket)*

CFA Institute Qualified Activity: Eligible for 1 credit hour

Attire: Business Casual

Menu: Chef's Choice (Vegetarian meal available upon request)

Registration:
Register online below.

Agenda:
11:30 am - 12:00 pm: Registration & Networking
12:00 pm - 1:00 pm: Luncheon Presentation with Q&A

Hosted by: Luncheon Program Advisory Group

Jim McTague, Washington Editor, Barron's Magazine
Jim McTague has been a journalist since 1972 and the Washington-editor of Barron's since 1995. His primary assignment is to cover the White House and the Congress, and report on the nexus between Wall Street and Pennsylvania Avenue. He writes a weekly column as well as features.

Book Cover McTague wrote Crapshoot Investing: How Tech Savvy Traders and Clueless Regulators Turned the Stock market into a Casino. (March 2011: FT Press) Inspired by the Flash Crash of May 6, 2010, the book relates how regulators efforts to make the equities market friendly to long-term investors backfired and allowed short-term traders to stage a takeover, with negative consequences for capital formation in the U.S.

McTague frequently appears on radio and television, commenting primarily on the political news of the day and the implications for investors.

Over the years, McTague has served in the trenches for numerous magazines and newspapers including The Asbury Park Press, USA TODAY, the Philadelphia Daily News, The Dallas Times Herald, and American Banker, where he was a managing editor. He cut his teeth as a business reporter in the mid-1980s covering the S&L crisis from Texas and Washington, D.C.

McTague learned about finance on the Street. For three years in the early 1980s, he was a registered representative for Merrill Lynch, attracted there by the firm's storied training program. He worked in the Harrisburg, Pa. office, where he handled both institutional and retail accounts.

He is a native Philadelphian with an undergraduate degree in English literature from St. Joseph's University, which is located there; and an M.A. in English literature from The Pennsylvania State University, State College, Pa.

*Special Notes Regarding Fees:
Regular and Affiliate Members may apply function tickets as payment for non-member and/or students member. Credit card is required to guarantee ALL reservations. Day-of-event registrations accepted on-site only if applicable and space available. There is a $5 surcharge for walk-ins. Visa, MasterCard, American Express, Discover and Diners Club are accepted. Cancellations accepted until 5:00 pm, March 15.

Passport Program
Members of any CFA society may attend at the CFA Chicago member rate. If you are only a member of CFA Institute, you do not qualify for the society member rate.

CFA Institute CE Qualified Activity
This program qualifies for credit under the guidelines for the CFA Institute Professional Development Program.

Content shared during CFA Society Chicago programs is not, and nothing in it should be construed as, an offer, invitation or recommendation of any specific financial services company or professional, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, any securities in any jurisdiction. By registering for and attending this event, you acknowledge that any photographs that may be taken are the property of CFA Society Chicago and give your consent to their use in CFA Society Chicago's online and print business communications and marketing.