CFS Conference event
The Industrial Organisation of Securities and Derivatives Markets: Competition, Liquidity and Network Externalities
3rd International Conference
Organizers: Center for Financial Studies and Deutsche Börse AG
After very successful conferences in 2008 and 2010, the Center for Financial Studies and the Deutsche Börse are now jointly hosting the 3rd international conference on "The Industrial Organisation of Securities and Derivatives Markets: Competition, Liquidity and Network Externalities".
Today, over-the-counter (“OTC”) and exchange-traded markets for securities and derivatives are complementary and competing segments of the global financial trading markets. OTC and exchange markets have a number of significant interrelations. Innovations in both areas of trading and clearing activity in recent years have increased the various economic avenues through which the two interact. At the same time, such innovations have also led to increased competition between major market participants and institutions, which has increased the array of alternatives from which end users can choose to meet their risk-management and trading needs.
Financial innovations and the dynamics of rapidly adjusting business and institutional models continue to be a challenge not only for an evaluation of the costs and benefits of such markets, but also for the appropriate regulatory design. Taking for example the European regulatory initiatives like the European Market Infrastructure Regulation (“EMIR”), the Review of the Markets in Financial Instruments Directive (“MiFID II”) or the new Capital Requirements Directive (“CRD IV”), changing the rules of clearing and trading operations for market intermediaries, clearinghouses and trading venues will impact the liquidity formation and resilience across OTC and exchange-traded markets.
The conference is organized by Peter Gomber, Goethe University Frankfurt and E-Finance Lab and Erik Theissen, University of Mannheim and Center for Financial Studies.
Please register online following the link at the bottom of the page.
The number of participants is limited.
The conference fee is 150€ for academics and 300€ for practitioners.
A 100€ surcharge applies for participants registering after May 31st. The conference fee includes coffee breaks and lunch.
A special contingent has been reserved at Hotel Mercure Eschborn Süd. You will receive further information upon registration.
CFS Research Conference
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