March 26, 2008
O'Reilly Money:Tech Conference Explores Intersection of Wall Street and Web 2.0 Technologies
Sebastopol, CA--"Financial markets are both much bigger and much more
valuable than Web 2.0, and have been around a lot longer, but show many of
the same patterns," wrote O'Reilly Media CEO Tim O'Reilly recently. "If
the parallels between Web 2.0 and Wall Street are correct, we can divine
some of the future Web 2.0 trends by watching what's already happened on
His assertion was one of the inspirations for the O'Reilly Money:Tech
Conference, held in New York from February 6-7, 2008. The event was
designed to provide a context and environment for pushing the boundaries
of technological innovations in the financial industry and for examining
their effect on investment opportunities. Social networking tools, data
visualization and mining, unconventional sources of information, and other
on-the-cusp Web 2.0 technologies are profoundly disrupting how Wall Street
conducts business. The first-ever Money:Tech brought together over 400
professional investors and fund managers, researchers, technologists,
entrepreneurs, analysts, and academics to raise the level of awareness and
conversation around these changes.
"The conference is, of course, all about the confluence of Wall Street and
Web 2.0," noted program chair Paul Kedrosky. "And what does that mean?
Well, new ways of Web-2.0-style collaborating are changing money and
investing, with the zero-sum game of Wall Street changing in the process.
At the same time market mash-ups with new sources of web-based
data--auctions, real estate, pricing, weather--are transforming the
never-ending hunt for a money-making edge."
A collaborative event that melded thought leadership with practical
discussions, Money:Tech included two days of plenary sessions,
demonstrations, panels, and keynote presentations. The conference program
featured wide ranging discussions from industry experts such as:
- Jim Cramer (TheStreet.com/CNBC): "Blogs, Boo-yah, and the Future of
- Tim O'Reilly (O'Reilly Media, Inc.), James Altucher (Stockpickr), Graham
Miller (Marketcetera), Steve Bate (FOLIOfn): "Open Source Finance: A
Contradiction in Terms?"
- Michael Simonsen (Altos Research Corp.), Bruce Molloy (Connotate), Matt
Jacobson (Connotate), Michael Sha (Wikinvest), Parker Conrad (Wikinvest),
Fred Speckeen (AERS Terapeak Dataunison): "Data Demos: Real Estate, Wikis,
and the Web"
- Alexander Saint-Amand (Gerson Lehrman Group): "Building An Expert
Exchange: Networks in Decision-Making"
- Steve G. Steinberg (Steinberg Consulting): "Learning to Think Like a
Financial Markets Hacker"
- Randall Winn (Capital IQ), Robert Passarella (Bear Stearns), Kevin
Pomplun (SkyGrid), Renny Monaghan (Salesforce.com): "Building a Better
Information Beast: What Will It Take?"
- Bo Cowgill (Google Economics Group): "Google as Prediction Market"
- David Friedberg (WeatherBill), Michael Ferrari (Weather Trends
International), Robert S. Marshall (WeatherBug): "Do Something About the
Weather: Make Money!"
- Richard Bookstaber (Author, "A Demon of Our Own Design"), Bill Janeway
(Warburg Pincus LLC): "Risk and Financial Technology: Have We Gone Too
- Henry Blodget (Silicon Alley), Barry L. Ritholtz (Fusion IQ), Nouriel
Roubini (RGE Monitor), Jonathan Glick (Gerson Lehrman Group): "Blogs,
Analysts, and the Future of Equity Research"
- Steve Skiena (Stony Brook University): "Money, the Internet, and
- Cathleen Rittereiser (Alternative Asset Managers, L.P. (AAM) ), JP
Rangaswami (BT Design), Sean Park (Sixth Paradigm LLP), Finbar Taggit
(www.fintag.com): "What Do Hedge Fund Managers Really Want?"
Money:Tech's Sponsor Gallery featured the latest offerings from companies
key to the finance market, allowing attendees to make connections and
further their knowledge. Sponsors and exhibitors included: AGORACOM, Dow
Jones, Capital IQ, Connotate, Gerson Lehrman Group, Good Morning Research,
Kapow Technologies, Majestic Research, PredictWallStreet, Thomson
Financial, Trade King, Yahoo! Finance, yoonew, and Zecco Holdings, Inc.
Announcements by participants were also made at the conference:
- AGORACOM announced that the site has recorded 26,802,451 page views in
the first three full months since the launch of its wiki-powered "Investor
Controlled Discussion Forums" on October 11, 2007.
- EventVestor: Anju Marempudi, a speaker at Money:Tech, announced the
launch of eventVestor during his presentation aiming to become the most
comprehensive data and analytics platform for event-driven investment
analysis and business decision-making.
- LinkedIn announced it will launch a primary research service offering a
new way to help its users gather information and tap experts for advice
when they’re making decisions.
- TradeKing announced major new features to its ground-breaking TradeKing
Community. In addition to its signature capabilities such as Certified
Trades, the TradeKing Community now includes more powerful views into
trader rationale through Trade Notes and a new "All-Star Trades" blog,
offering "color commentary" and daily insights from TradeKing experts on
actual member trades, as they happen.
- Wesabe launched an invitation-only preview to its "Automatic Uploader,"
which provides fully automatic updates to Wesabe accounts, and which does
not require any downloads or software to be installed.
- Inkling Markets ran a prediction marketplace throughout the conference;
results can be viewed at: http://moneytech.inklingmarkets.com/.
The debut event drew participants from around the world, innovators as
well as established players, all interested in how to leverage new tools
and gain a competitive edge in the markets. Money:Tech created a fertile
environment for thinking about new ways that money and information change
hands, comparing and contrasting tools, ideas, and other technology
advances in the investment industry.
The second O'Reilly Money:Tech Conference will take place in February of
2009 in New York City. The dates will be announced soon.
For more information on Money:Tech, including agenda and speaker
presentation slides, visit:
For articles, blogs, photos, and other coverage of the event, go to:
If you'd like to stay up to date on information relating to Money:Tech,
sign up for the conference newsletter (login required) at:
To view a video conversation between Tim O'Reilly and Paul Kedrosky on the
future of finance and technology, visit:
For more information on the intersection of money and technology, read
program chair Paul Kedrosky's blog, Infectious Greed, at:
To read Tim O'Reilly's take on the future, go to the O'Reilly Radar at:
If you have ideas about areas you'd like to see included at a future
edition of Money:Tech, send a message to:
For information about exhibiting or sponsoring Money:Tech contact Sharon
Cordesse at (707) 827-7065 or:
If you would like to discuss forming a media or promotional partnership
with O'Reilly for an upcoming event, contact Avila Reese at (707)
O'Reilly Media spreads the knowledge of innovators through its books, online services, magazines, and conferences. Since 1978, O'Reilly Media has been a chronicler and catalyst of cutting-edge development, homing in on the technology trends that really matter and spurring their adoption by amplifying "faint signals" from the alpha geeks who are creating the future. An active participant in the technology community, the company has a long history of advocacy, meme-making, and evangelism.
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