Jan Mossin memorial symposium

A TRADITION AT NHH

The growing footprint of high-frequency traders have led many investors to question the fairness of current market structures.

Financial markets have indeed changed dramatically in recent years. The combination of new regulation with rapid advances in technology has triggered a fundamental transformation that poses huge challenges to practitioners and financial authorities.

The Jan Mossin Memorial Symposium held every fifth year is a tribute to former Professor Jan Mossin and his essential contributions to modern finance. The Memorial Symposium is financed by the Finance Market Fund (Finansmarkedfondet), The Norwegian Finance Initiative (NFI/NBIM) and the Jan Mossin Fund.

During this year's symposium, experts from practics and academia will share insider views of how today's financial markets work, and spell out the implications for investors and regulators.

Read more about Jan Mossin

KEYNOTE SPEAKERS 

  • RONAN RYAN, CHIEF STRATEGY OFFICER, IEX GROUP

Ronan will share his insider knowledge of equity markets and his views on their future. A subject of Michael Lewis' book Flash Boys, Ronan is one of the founding members of IEX Group, which aims to be a fair, simple and transparent market center dedicated to investor protection. 

  • MAUREEN O'HARA, PROFESSOR OF FINANCE, CORNELL UNIVERSITY

Markets are different now, transformed by technology and high frequency trading. Maureen, a former President of the American Finance Association, will describe the new high frequency world, with a particular focus on how high frequency trading affects markets and the strategies of traders.

  • DAVID EASLEY, PROFESSOR OF FINANCE, CORNELL UNIVERSITY

Financial markets are prone to systemic risk due to contagion effects in large networks of trading partners. David, a fellow of the Econometric Society, will focus on financial firms' incentives to expand their trading networks to an extent that can destabilize the financial system.

SYMPOSIUM COMMITTEE

  • Thore Johnsen (NHH)
  • Terje Lensberg (NHH)
  • Klaus Reiner Schenk-Hoppe (Chair, University of Manchester and NHH)

Sponsored by:

Finansmarkedsfondet NFI

 

PROGRAMME, 9 JUNE
10:30-11:00

COFFEE AND REGISTRATION

11:00-11:15

WELCOME

11:15-12:30 Ronan Ryan, IEX Group: "Building an Exchange for Investors"
12:30-13:30

Lunch

13:30-14:45 Maureen O'Hara, Cornell University: "High Frequency Market Microstructure"
14:45-15:10

COFFEE BREAK

15:10-16:25 David Easley, Cornell University: "Network Analysis of Financial Markets"
16:25-16:30

CLOSING

19:00-21:45 Dinner at Lyststedet Bellevue Restaurant (by invitation only)

  

PROGRAMME, 10 JUNE
09:00-09:30

COFFEE AND REGISTRATION

09:30-09:40

WELCOME

SESSION 1:
09:40-10:25 Thierry Foucault, HEC Paris: "Data Abundance and Asset Price Informativeness"
10:25-11:10 Nikolaus Hautsch, University of Vienna: "Volatility, Information Feedback and Microstructure Noise: A Tale of Two Regimes"
11:10-11:30

COFFEE BREAK

Session 2:
11:30-12:15 Bernt Arne Ødegaard, University of Stavanger: "Throttling Hyperactive Robots - Order to Trade Ratios at the Oslo Stock Exchange"
12:15-13:00 Katja Malinova, University of Toronto: "Modern Market Makers"
13:00-13:55

LUNCH

SESSION 3:
13:55-14:40 Jean-Edouard Colliard, HEC Paris: "Financial Transaction Taxes, Market Composition, and Liquidity"
14:40-15:25 Mark van Achter, Rotterdam School of Management: "Trading Speed Competition: Can the Arms Race Go Too Far?"
15:25-15:30

CLOSING