Global Equity Markets Seminar – GEMS 2008

"GEMS is a unique learning experience as well as an excellent opportunity to engage in an exchange of ideas with other industry leaders." - Reto Francioni, CEO, Deutsche Börse

Dates
Monday, June 23 through Wednesday June 25, 2008, with a reception on Sunday evening, June 22

Location
Hilton Frankfurt
Hochstrasse 4
60313 Frankfurt, Germany

Seminar Organizers
Robert A. Schwartz, Zicklin School of Business, Baruch College, CUNY
Benn Steil, Council on Foreign Relations
Bruce W. Weber, London Business School

Host
Deutsche Börse (https://deutsche-boerse.com)
in cooperation with Zicklin School of Business, Baruch College, CUNY

Sponsors
IBM
Investment Technology Group
Liquidnet Europe
NYSE Euronext
Pipeline Trading Systems

THE SEMINAR

• The benefits and limitations of different trading structures
• The impact of technology on the development of trading systems and market structure
• The role of dealer intermediaries
• Trading without intermediaries
• The changing needs of institutional investors
• Combining different trading structures to construct a superior trading environment
• The changing governance structure and role of exchanges
• The changing requirements for effective market regulation, including an analysis of EU and US regimes
• The effect of cross-border competition and collaboration on European and US trading structures

GEMS features a series of interactive computer simulation sessions designed to provide participants with hands-on experience in making tactical trading decisions, and implementing them in different market environments.  The simulation exercises are an invaluable tool for deepening understanding of how the structure of trading influences actual trading behavior.

Participants enter orders into a computer-driven market that generates order flow, responding directly to participants’ orders.  Participants see their results in real-time, and analyze them with the instructors after play.  Continuous order driven and quote driven markets are simulated, along with hybrid market structures that incorporate call auctions and dark liquidity pools.
*TraderEx, LLC [Bill Abrams, Robert Schwartz, Greg Sipress, Bruce Weber]

Fee
The registration fee is US $3000 if received by May 31, 2008.  After May 31, the fee will be US $3600. The registration fee covers lunch, dinner and refreshments, as well as course materials.

To Register
Please fax (1-646-312-3530) or email (antoinette_colaninno@baruch.cuny.edu) the registration form (pdf, acrobat file*) to Toni Colaninno.  Please call 1-646-312-3512 with any questions.
*Download the latest version of Adobe Acrobat

Hotel Information
Please fax (49-69-1338-06030) the Hotel Reservation Form (pdf, acrobat file*). to the Hilton Frankfurt.  Reservations made by alternate means will not qualify for group rates.  PLEASE RESERVE BY June 1st, 2008.  After June 1st, 2008 availability and price can no longer be guaranteed.
*Download the latest version of Adobe Acrobat