Financial Markets Quality
Wednesday, September 19, 2012 from 9:30 AM to 6:30 PM
Financial Markets Quality
September 19, 2012
Recent events have raised a number of questions about the quality of financial markets. This timely conference will bring together policymakers, market participants, and scholars to discuss critical issues related to financial market quality and propose solutions for the future.
Welcome: Reena Aggarwal, McDonough Professor of Business Administration and Professor of Finance, McDonough School of Business, Georgetown University
David Thomas, Dean, McDonough School of Business, Georgetown University
Opening Keynote: Maureen O'Hara, Robert W. Purcell Professor of Management and Professor of Finance, Johnson Graduate School of Management, Cornell University
Panel #1: What is securities market quality, and how should it be measured? What factors help or hurt securities market quality? How does market quality impact different classes of investors? What is the role of regulation in enhancing market quality? How does market quality relate to systemic risk? What can be done to enhance market quality?
Moderator: Michael MacKenzie, Financial Times
Andrew Brooks, T. Rowe Price
Kathleen Casey, formerly of the SEC
Chris Isaacson, BATS
Eric Noll, NASDAQ OMX
Joseph Mecane, NYSE Euronext
Luncheon Keynote: Terrance A. Duffy, Executive Chairman and President, CME Group, Inc.
Panel #2: What is the empirical evidence on market quality? Based on data analysis, has market quality improved or deteriorated over time? What is the empirical evidence on the role of alternative trading systems, algorithmic trading, high frequency trading, dark pools, and new trading technology on market quality?
Moderator: James Angel, Georgetown University
Joel Hasbrouck, New York University
Ingrid Werner, Ohio State University
Terry Hendershott, UC Berkeley
Richard Gorelick, RGM Advisors
Frank Hatheway, NASDAQ OMX
Lawrence Harris, University of Southern California
Nobel Laureate Keynote: Robert Engle, Professor of Finance and 2003 Nobel Laureate in Economics, Stern School of Business, New York University Distinguished Visiting Scholar, Georgetown Center for Financial Markets and Policy
|3:30-3:45 pm||Coffee Break|
Panel #3: How is the market quality of non-equity asset classes expected to change? How will implementation of Dodd-Frank and the Volcker Rule impact trading of bonds, derivatives and foreign exchange markets? What changes are expected in the transparency and competitiveness of non-equity markets?
Moderator: Ian Domowitz, ITG
Chris Concannon, Virtu Financial
Andrei Kirilenko, CFTC
Chris Rice, State Street Global Advisors
Closing Keynote: Daniel Gallagher, Commissioner, U.S. Securities and Exchange Commission
When & Where
Georgetown Center for Financial Markets and Policy
Offering innovative and influential thought leadership, the Georgetown Center for Financial Markets and Policy fosters discussion on critical policy and regulatory issues related to global financial markets. The center hosts dialogues, conferences, and events involving leading scholars, practitioners,and policymakers; provides a non-partisan forum for informed discussion; sponsors relevant and impactful research on key global market issues; and engages students interested in finance.
For additional informational, contact:
Assistant Director, Center for Financial Markets and Policy
Visit us online at http://finpolicy.georgetown.edu
Follow us on Twitter @GUFinPolicy