How does #DoddFrank impact the trading community?

The Dodd-Frank Act is not only impacting Wall Street per se, it is also re-shaping the entire trading community. As the specific rules are still gradually rolling out by CFTC, its effect is still not completely clear yet.

Nevertheless, the entire trading community needs to understand the Dodd-Frank Act better. Former Senator Christopher Dodd was actually trying to clarify 5 myths about the Act. One thing is clear though, the Dodd-Frank Act forces more transparency into the over-the-counter derivatives market. Although some people might argue that transparency will kill business innovation and growth, and no one likes to shoulder the burden of compliance. But reckless, unscrutinized risk is what pushed the financial industry into an abyss in the first place, and the law should be in place to protect investors and a healthy economy in general.

At the Trading Congress Chicago 2012 conference, experts will share their ideas to help traders prepare and comply with Dodd-Frank. Ms. Regina Thoele, Senior VP of Compliance of the National Futures Association, will present on how to successfully comply with new rules and initiatives in the changing regulatory environment. And Mr. Jordan Thomas, Partner of Labaton Sucharow LLP, will give a special address on the new Whistleblower provision under Dodd-Frank and its implications.

The Trading Congress is one of the 4 conferences that made up the Trading Show Chicago 2012 event, which will take place at Navy Pier from June 25-27.