Financial Markets Conferences

Volatility

Date
Thursday, October 23, 2008

Location
Baruch College
55 Lexington Avenue at 24^th Street
William and Anita Newman Vertical Campus 14^th floor, Conference Center
New York City

Conference Organizer
Robert A. Schwartz

Sponsors

Bids Trading
Deutsche Börse AG
International Securities Exchange
Investment Technology Group
JonesTrading Institutional Services, LLC
Knight/EdgeTrade
Liquidnet, Inc.
NYSE Euronext
PDQ Enterprises, LLC
Pipeline Trading Systems
Rosenblatt Securities Inc.
The NASDAQ OMX Group
White Cap Trading LLC

Purpose
Volatility is very much with us in today’s equity markets. Day-to-day price swings are often large and intra-day volatility elevated, especially at market openings and closings. What explains this? What does this say about the quality of our markets? Can short-period volatility be controlled by better market design and a more effective use of electronic technology? The conference will address questions such as these. In so doing, we seek deeper knowledge of the dynamic process of price formation, and of the market structure and regulatory environment within which our markets function.

Registration
Registration fee of $495 (US) per attendee must be received by October 9, 2008. After this date, registration will be $595 (US). Please print the registration form (pdf, acrobat file*) and fax to Toni Colaninno at 646-312-3530. Call 646-312-3512 with any questions.
*Download the latest version of Adobe Acrobat

Program
8:00	Reception and Coffee
8:45	Greetings – Kathleen Waldron, President, Baruch College, CUNY
9:00	Opening Remarks Robert Schwartz, Speiser Professor of Finance, Zicklin School of Business, Baruch College, CUNY
9:15	Intra-Day Volatility: The Empirical Evidence Moderator - Asani Sarkar, Economist, Federal Reserve Bank of New York Robert Almgren, Adjunct Professor of Mathematical Finance, New York University Albert J. Menkveld, Associate Professor of Finance, UV University Amsterdam Liuren Wu, Associate Professor of Finance, Zicklin School of Business, Baruch College, CUNY
10:15	Opening Address Reto Francioni, CEO, Deutsche Börse
10:45	Refreshment Break
11:15	Mid-Day Address Robert Engle, Professor of Finance, Nobel Laureate 2003, Stern School of Business, New York University
11:45	Volatility and Technology Moderator- Larry Tabb, Founder & CEO, The Tabb Group Ian Domowitz, Managing Director, Investment Technology Group William Geyer, CEO and President, JonesTrading Institutional Services, LLC Ken Hight, Head of Global Equities, Liquidnet, Inc. Henri Waelbroeck, Vice President, Director of Research, Pipeline Trading Systems Joseph Wald, Managing Director, Knight/EdgeTrade
12:45	Lunch
1:45	Volatility and Market Structure Moderator- Terrence Martell, Director, Weissman Center for International Business, Saxe Distinguished Professor of Finance, Baruch College, CUNY George Bodine, Director of Trading, General Motors Investment Management Brendan Doran, Vice President, Business Development, Chi-X Europe Limited Brian Hyndman, Senior Vice President, The NASDAQ OMX Group Tim Mahoney, CEO, Bids Trading Jim Ross, Vice President NYSE Crossing, NYSE Euronext
3:00	Refreshment Break
3:30	Implications for Trading Moderator- George Sofianos, Vice President, Goldman Sachs Harold Bradley, Chief Investment Officer, Ewing Marion Kauffman Foundation Matt Moran, Vice President, Chicago Board Options Exchange Richard Rosenblatt, CEO, Rosenblatt Securities Inc. Keith Ross, CEO, PDQ Enterprises, LLC Robert Shapiro, Executive Director, Morgan Stanley
4:30	Closing Dialog: Robert Greifeld, CEO, The NASDAQ OMX Group with Erin Burnett, Anchor and Reporter, CNBC
5:00	Wine Reception