Baruch College

Liquidity:  How to Find it, Regulate it, Get it

Tuesday, November 1, 2016

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

Conference Organizers
Robert A. Schwartz
Larry Tabb


Bats Global Markets
BIDS Trading
CBOE Holdings, Inc.
CODA Markets
Modern Markets Initiative
OTC Markets Group, Inc.
Portware, a Factset Company
TABB Group



Liquidity is to a market as oil is to machinery – without either, neither will run.  Recognizing its importance, issues concerning liquidity are much in the focus of regulators on both sides of the Atlantic.  Is liquidity adequate for large cap stocks?  What are the liquidity problems facing small and mid-caps, large institutional investors, and other financial instruments? Is special regulation called for?  How can a greater liquidity supply be achieved? These questions will be prominent among the issues that the conference will address.

Registration fee of $495 (US) per attendee must be received by October 1, 2016.  After this date, registration will be $595 (US).  To register, please print the registration_form and email to or fax to Eileen Stempel at 646-312-3530. For more information, please call 646-312-3512 or email A select number of academicians may attend at a special rate.


12:00 Luncheon

David Christy
, Provost, Baruch College, CUNY
Larry Tabb, CEO, TABB Group
Robert Schwartz, Marvin M. Speiser Professor of Finance, Zicklin School of Business, Baruch College


Panel: Indexing, ETFs, and Robos - Are Stocks an Endangered Species?
Moderator: Larry Tabb,
Professor Ayan Bhattacharya, Baruch College
Tal Cohen, SVP - North American Equities, Nasdaq
William Looney, Director, Global Head Client Services, CBOE
Phil Mackintosh, Head of Trading Strategy & Analysis, KCG


Panel: How Technology is Transforming Liquidity Provision
Moderator: Bruce Weber
, Dean and Professor of Business Administration, Alfred Lerner College of Business and Economics, University of Delaware
Bryan Christian, SVP, Head of U.S. Sales, Bats Global Markets
Bill Harts, CEO, Modern Markets Initiative
Tim Mahoney, CEO, BIDS
Henri Waelbroeck, PH.D., Global Head of Research, Portware, a Factset Company


Opening Address: Rainer Riess, Director General, Federation of
European Securities Exchanges


Refreshment Break


Panel: What Can Be Done to Drive Mid- and Small-Cap Liquidity
Moderator: Justin Schack, Managing Director/Partner, Rosenblatt Securities, Inc.
R. Cromwell Coulson, President, CEO & Director, OTC Markets Group, Inc.
David Firmin, Head of Algorithmic Trading Sales, Americas, Instinet
Jim Ross, Managing Director of Institutional Equities, CODA Markets
David Weisberger, Managing Director, Trading Services, IHS-Markit


Panel: New Approaches for Creating Liquidity
Moderator: Ian Domowitz, Managing Director, CEO, ITG Solutions Network
Robert Barnes, CEO, Turquoise, LSEG
William Dove, Chief Executive Officer, Extraordinary Re
Amy Edwards, Assistant Director, Office of Market, U.S. Securities and Exchange Commission
Robert Schwartz, Marvin M. Speiser Professor of Finance, Zicklin School of Business, Baruch College
Greg Wojckiechowski, President & CEO, The Bermuda Stock Exchange


Fireside Chat: Michael S. Piwowar, Commissioner, U.S. Securities and Exchange Commission interviewed by Larry Tabb, CEO, TABB Group

  5:45 Wine Reception