The Industrial Organisation of Securities and Derivatives Markets

17 July 2015

4th International Conference on:
The Industrial Organisation of Securities and Derivatives Markets: High Frequency Trading

Frankfurt, Germany, 17 July 2015

Organizers: Center for Financial Studies and Deutsche Börse AG

After three very successful conferences in 2008, 2010 and 2013 the Center for Financial Studies (CFS) and Deutsche Börse AG are now jointly hosting the 4th Conference on The Industrial Organisation of Securities and Derivatives Markets: High Frequency Trading.

The objective of the conference is to bring together academics, policy makers and regulators, practitioners and members of the industry to focus on state-of-the-art academic research in an environment that stimulates discussions and an exchange of ideas. The conference will also feature panel discussions with policy makers, regulators and market practitioners.

Topics

Algorithmic trading strategies using High Frequency Trading (HFT) technology account for a large fraction of cash equity, derivatives and foreign exchange trading activity in today’s markets. HFT operators claim they enhance market liquidity. Ultra-fast traders, by this account, are intermediaries that smooth market movements by buying and selling at very tight spreads when other investors are not interested. However, HFT opponents worry that HFT creates a false impression of liquidity. Going further, there are concerns over aggressive, destabilizing trading strategies in vulnerable market conditions.

Download the Agenda

 

Conference Chairs

Peter Gomber, Goethe University Frankfurt
Erik Theissen, University of Mannheim

Program committee

Ekkehart Boehmer (Singapore Management University)
Jonathan Brogaard (University of Washington)
Thierry Foucault (Groupe HEC)
Peter Gomber (Goethe University Frankfurt)
Joachim Grammig (University of Tübingen)
Kai-Oliver Maurer (University of Applied Sciences Fulda)
Albert Menkveld (VU University Amsterdam)
Sophie Moinas (University of Toulouse)
Martin Reck (Deutsche Börse AG)
Ryan Riordan (Queen's University)
Erik Theissen (University of Mannheim)
Mark Van Achter (Erasmus University Rotterdam)
Gunther Wuyts (KU Leuven)
Rafael Zajonz (Deutsche Bundesbank)
Thorsten Freihube (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin)

Conference Costs

The conference fee is EUR 150 for academics and EUR 300 for practitioners. Presenters are exempt from the conference fee. You are invited to register as a regular participant by 15 June 2015. Please note that the system will be automatically closed once the capacity is reached. There is also a late fee of an additional EUR 100 for registration after June 15.

 

Press representative can register by sending an email to CFS_media(at)ifk-cfs.de. Please note that the conference will take place under the Chatham House Rules.

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