During 2012 SEFCON III John Lothian News interviewed five key members of the WMBA. Click here to see all the interviews.

Shawn Bernardo is a senior managing director at inter-dealer broker Tullett Prebon and a founding member of the Wholesale Markets Brokers’ Association Americas (WMBAA). As an early developer of electronic market systems, including both Cantor Fitzgerald’s eSpeed and ICAP’s BrokerTec, Bernardo has a unique perspective on the transition to electronic markets and the need for voice services in some markets. In an interview with John Lothian News Editor-at-Large Doug Ashburn at 2012 SEFCON III, Bernardo also discusses the dangers of regulatory arbitrage if final rules favor foreign jurisdictions, as well as the importance of properly managing the costs of new regulation amid declining volumes across asset classes.

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