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Session 25: Technology and the Financial Markets: Trading 24/7/360
Technology is critical to financial markets as investors increasingly look across time zones to find the best investments. Cross-border investing requires not only being able to trade 24 hours a day, but more importantly, to manage and trade portfolios around 360 degrees of longitude.
Presentations
Chris Probyn: High Frequency Information for Global Investors
Paul Bennett: Technology and the Economics of Exchanges
Links of Interest
State Street Capital Economic Perspectives
Speakers
David Wyss
Chief Economist
Standard & Poor’s
David A. Wyss is chief economist at Standard & Poor’s, based in New York. In this position, he is responsible for S&P’s economic forecasts and publications, and co-authors the monthly Equity Insight and the weekly Financial Notes. David joined Data Resources, Inc. in 1979 as an economist in the European Economic Service in London, which was acquired by McGraw-Hill. He came back to the United States in 1983 as Chief Financial Economist for DRI/McGraw-Hill, became chief economist for Standard & Poor’s DRI in 1992, and chief economist for Standard & Poor’s in 1999. Before joining DRI, Dr. Wyss was a Senior Staff Economist with the President’s Council of Economic Advisers, Senior Economist at the Federal Reserve Board, and Economic Advisor to the Bank of England.
David holds a B.S. from the Massachusetts Institute of Technology and a Ph.D. in economics from Harvard University. He is on the board of the National Association for Business Economics. David testifies regularly before Congress, is quoted regularly in the press, and has appeared on many major television programs. He has written many articles for popular and professional publications.
Chris Probyn
Chief Economist
State Street Capital
Dr. Christopher Probyn is currently the Chief Economist at State Street Global Advisors in Boston. In this role Chris is primarily responsible for forecasting and analyzing economic events in the world’s major economies, and for evaluating their impacts on financial markets. Chris regularly briefs fixed-income and equity portfolio managers, as well as other corporate personnel on economic matters. He also frequently interacts with clients, preparing and delivering talks on the global economic environment. Previously, Chris was a Director, and Senior Economist at UBS in New York City. He has also worked at Midland Bank International in London, Data Resources in Lexington Massachusetts, and Salomon Brothers, in both London and New York City. Dr. Probyn obtained his BA at Heriot-Watt University, Edinburgh (where he was class valedictorian), his MA from the University of Manchester, and his Ph.D. from the London School of Economics.
Paul Bennett
Senior Vice President and Chief Economist
New York Stock Exchange
Paul B. Bennett is senior vice president and chief economist of the NYSE.
As chief economist and head of the Research department at the New York Stock Exchange, Paul Bennett is responsible for analytic support for the Exchange's various business and public-policy activities, and for support of academic and other professional research into equities market issues.
Before joining the NYSE in 2001, Mr. Bennett was a senior officer and economist of the Federal Reserve Bank of New York, where he had worked since 1978. At the Fed, Mr. Bennett headed the Capital Markets Research division, was editor of the Bank’s research journal and, prior to that, vice president for Fedwire Funds and Securities Transfers, among other responsibilities.
Mr. Bennett has published numerous papers on finance, economics, and securities markets in both academic and practitioner journals.
Mr. Bennett holds a Ph.D. in economics from Princeton University and a B.A. in economics from the University of Chicago.
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