Modern Financial Markets: The Role of High-Frequency Trading
April 19, 2016
On Tuesday, April 19th, the Program in the Law and Economics of Capital Markets is Co-hosting an evening conference event, Modern Financial Markets: Role of High Frequency Trading with Yeon-Koo Che, Kelvin J. Lancaster Professor of Economic Theory of the Economics Department, Columbia University. The conference will be held at Columbia Law School in room JG 106 from 6-8 pm. The event will feature a panel discussion with Lawrence Glosten (Columbia Business School), Adam Clark-Joseph (University of Illinois), Matt Trudeau (IEX), Sophie Moinas (Toulouse School of Economics), and Terrence Hendershott (UC Berkeley, Haas School of Business). Merritt Fox (Columbia Law School) will moderate the discussion.
Larry Harris: Transaction Costs, Trade Throughs, and Riskless Principal Trading
April 21, 2016
There will be a Fellows Workshop with Larry Harris, Fred V. Keenan Chair in Finance and Professor of Finance and Business Economics of the USC Marshall School of Business on April 21, 2016. Larry will present his paper analyzing the costs of trading bonds using previously unexamined quotations data consolidated across several electronic bond trading venues, Transaction Costs, Trade Throughs, and Riskless Principal Trading.
The paper is available online via SSRN at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2661801
A Discussion with Myron Scholes
May 12, 2016
We are excited to announce that Nobel Prize winning economist, and Frank E. Bluck Professor of Finance Emeritus of Stanford Graduate School of Business, Myron Scholes, will present his paper co-authored with Ashwin Alankar and Peter Blaustein, The Cost of Constraints: Risk Management, Agency Theory and Asset Prices at the final workshop of the semester.
The paper is available online at: https://www.gsb.stanford.edu/faculty-research/working-papers/cost-constraints-risk-management-agency-theory-asset-prices