Transparency Conference: At What Speed and Cost?

Thursday, June 14, 2018
9:00 a.m. - 5:00 p.m., Reception to follow
Convene 7th Avenue | 810 7th Avenue | 23rd Floor | New York City

*By invitation only

            

Conference Brief

One-day market structure conference in NYC bringing together academics, regulators and practitioners.

Sponsored by a grant from the Norwegian Finance Initiative, and hosted by Columbia Business School's Program for Financial Studies


With sessions on:

Equity market structure
Fixed income market structure
Public vs. private markets
Technology innovations in trading and settlement


Organizers:

Carole Comerton-Forde, University of New South Wales
Terry Hendershott, University of California Berkeley
Charles M. Jones, Columbia Business School
Albert J. Menkveld, VU University Amsterdam
Christine Parlour, University of California Berkeley


For information regarding the conference, contact Melina Denebeim, Director of the Program for Financial Studies, at 646-745-8554 or md2953@gsb.columbia.edu

Working Agenda

Time

Event

9:00 a.m.

Registration and breakfast

9:30-9:45 a.m. Welcome remarks: Charles Jones, Senior Vice Dean; Robert W. Lear Professor of Finance and Economics, Columbia Business School
9:45-10:45 a.m.

Technology and Transparency in the Back Office

Moderator: Christine Parlour, Sylvan C. Coleman Chair in Finance and Accounting, Haas School of Business, U.C. Berkeley

Panelists:
Richard DeMarinis, AVP Enterprise Architecture, Nasdaq
Kavita Jain, Director, Department of Risk and Strategy, FINRA
Emily Schultz, Business Development Manager, Axoni

10:45-11:00 a.m. Coffee break
11:00-12:00 p.m.

Technology and Public versus Private Markets

Moderator: Robert Bartlett, Professor of Law; Faculty Co-Director of the Berkeley Center for Law and Business, U.C. Berkeley

Panelists:
Nico Sand, Founder and CEO, Zanbato
Yazid Sharaiha, Global Head of Investment Strategies, Norges Bank Investment Management
Jeffrey Solomon, Chief Executive Officer, Cowen Investment Management

12:00-12:45 p.m. Lunch
12:45-2:00 p.m.

Fixed Income Market Structure

Moderator: Kumar Venkataraman, Maguire Chair in Energy Management; Professor of Finance, Southern Methodist University Cox School of Business

Panelists:
Michael Fleming, Vice President and Financial Economist, New York Federal Reserve
Amar Kuchinad, Chief Strategy Officer, Trumid
Eric Pitt, Head of High Grade Credit Trading, J.P. Morgan (North America)
Alex Sedgwick, Head of Fixed Income Market Structure and Electronic Trading, Global Trading, T. Rowe Price
Chris White, Founder and CEO, ViableMkts and BondCliQ

2:00-2:15 p.m. Coffee break
2:15-3:30 p.m.

Equity Market Structure

Moderator: Terrernce Hendershott, Willis H. Booth Chair in Finance and Banking, Haas School of Business, U.C. Berkeley

Panelists:
Simon Emrich, Lead Analyst, Investment Strategies, Norges Bank Investment Management
Frank Hatheway, Chief Economist and Senior Vice President, Nasdaq
Larry Tabb, Founder and Research Chairman, TABB Group

3:30-3:45 p.m.

Coffee break

3:45-4:45 p.m.

The Coming Regulatory Challenges

Moderator: Lawrence Glosten, S. Sloan Colt Professor of Banking and International Finance, Columbia Business School

Panelists:
Amy Edwards, Assistant Director, Office of Markets, SEC
Jeffrey Harris, Gary D. Cohn Goldman Sachs Chair in Finance, American University; Director, Division of Economic and Risk Analysis, SEC
Jonathan Sokobin, Chief Economist and Senior Vice President, FINRA
Chester Spatt, Pamela R. and Kenneth B. Dunn Professor of Finance, Tepper School of Business, Carnegie Mellon University; Distinguished Senior Fellow, Golub Center for Financial Policy, MIT Sloan School of Management

4:45-5:00 p.m.

Wrap-up

5:00-6:00 p.m.

Reception

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