Organisation: Now in it’s 9th year, Quorum 15 was established to provide an independent and neutral environment for financial market leaders to exchange ideas and formulate responses to our industry’s most pressing challenges. Membership has grown from that initial meeting of 15 members to > 200 heads of desk from leading buy-side and sell-side firms who meet every quarter in 15 Quorums spanning four continents.
Latest Quorum 15 News
New London Quorum streams
In 2013 we continued to grow our membership while ensuring that the value and exclusivity of our Quorums was not in any way compromised. Getting the balance right is not always easy and sometimes means that we have to turn away potential new members, which seems counter intuitive when growing a business under challenging economic conditions. However the unique Quorum 15 format works well because of the exclusive natue of these Quorums and will continue to be a fundamental part of its value proposition.
Fixed Income: Using a formula that has worked well in our London equities Quorums, we decided earlier this year to satisfy demand for fixed income membership by creating a second fixed income stream. Each stream comprises members who cover both Rates and Credit with identical topics covered at each of the two streams. This has the added advantage of being able to offer members a choice of two dates each quarter and during the course of the year our members meet more peers and counterparts, whilst adhering to the table of 15 format.
Q15-SP (fixed income): During 2013 demand for our fixed income Q15-SP membership has also risen steadily from 5 to 9 members. Therefore we have created a second Q15-SP stream, which means that in both Spring and Autumn 2014, there will be an additional Q15-SP breakfast to choose from, comprised of 5 Service Provider members, 5 b/side members and 5 s/side members. The Q15-SP breakfasts are offered to our traditional members over and above the regular quarterly meetings on a first come first served basis.
Q15 membership provides quarterly, targeted and balanced discussion amongst genuine buy-side, sell-side and Service Provider leaders at a fraction of the investment in time and money of a single conference. Quorum 15 is independent, self-financed and operates fairly by charging an annual membership fee. Neither a lobbying body nor industry association, we bring leaders together in frank discussion to identify areas of consensus that can be fed back into their respective associations.
Frankness is encouraged through our policy of operating under the Chatham House Rule. Fairness is ensured by our Competition Law policy which prohibits and discussion that could be considered in any way to be anti-competitive.
To ensure that topics, speakers and content of our Quorums are always relevant and the growth and direction of the firm remain fair and aligned with the interests of its members, we operate advisory boards comprised of a subset of members in each of our global Quorums. To ensure further fairness and diversity, we rotate the advisory board from time to time and maintain a Topics Register, where all members may anonymously nominate key issues they would like to be considered in any given Quorum.
Strategically Driven Outcomes
Q15-SP members join our buy and sell-side Q15 members for biannual executive breakfast meetings and at the annual Q15 evening event.