Google's partnership with Omnicom to build out the agency's trading desk with the view of putting hundreds of millions of display dollars through automated channels (Google's mostly) could well be a transformational moment for the display market. I could be accused of a certain degree of hyperbole here, but you have to look at the size of this deal and take note of the other significant relationships Google has already established with the biggest media buying agencies. It is slowly bringing the dsplay market under its control. You also need to recognise the significance of how details of the story were released: instead of giving the "scoop" to a trade press journo, it was given to Emily Steel at the WSJ. Google is serious about display, and bringing order to a ridiculously chaotic and opaque market. And it wants Wall Street to know this. Google maybe chasing profit, but in doing so it is pushing innovation in this space. This might be unpalatable for some in our industry who fear change, and would rather keep this innovation at bay. But change is upon us and we, as an industry, must act now.

Unfortunatley there continues to be a real dearth of European-focused events covering the area of automated ad trading and media optimisation. With the intention of fostering informed debate on the evolution of the display market and indeed online advertising as a whole, ExchangeWire is today announcing details of the Ad Trading Summit 2010. It will be the first dedicated European event of its kind, and will look to attract decision makers form agencies, advertisers, ad traders, ad nets, ad exchanges, ad-tech vendors and publishers across Europe. The best minds in the industry will be brought together to discuss and debate the changing face of the European display advertising market, the increasing influence of automated trading platforms and the explosion of the data economy.

Confirmed speakers for the day include: Mike Nolet, AppNexus CTO and Cofounder; Curt Hecht, President, VivaKi Nerve Centre; Martin Kelly, Cofounder and Managing Partner, Infectious Media; and Konrad Feldman, Co-founder and CEO, Quantcast. Additional details on the speaker line-up and agenda will be announced in the coming weeks. ExchangeWire will also bring you the thoughts and opinions of the event's speakers in the run up to the actual event on September 23. Tickets are now on sale – but please note that the numbers are limited. Further event information can be found on the Ad Trading Summit 2010 site.