Competition In A Consolidating Environment: Changing Market Structure Around The World

With the New York Stock Exchange acquiring Archipelago and NASDAQ absorbing INET, market structures in the past year have undergone dramatic change and the process of consolidation is still continuing.

Conference organizer Robert Schwartz, University Distinguished Professor at Baruch College and an international authority on market structure will focus his annual conference to understanding the impact of market realignment and consolidation around the world. How will market consolidation affect competition? Will the altered environment of the exchanges be conducive to growth and better pricing? And what does consolidation say about the ubiquitous nature of technology and the effective handling of order flow? Are new sources of liquidity likely to emerge in this technology-driven environment?

Co-sponsored by a dozen of world’s major capital markets, this conference brings together traders, investment analysts and financial executives from NASDAQ, NYSE, The Chicago Mercantile Exchange, the London Stock Exchange, Deutsche Burse AG and Borsa Italiana, along with leading brokerages, banks and investment houses.

The conference begins at 9:00 am with an opening address by Reto Francioni, CEO of Deutsches Burse AG and concludes at 4:30 pm with an address by John Thaine. The entire event takes place in Baruch College’s Vertical Campus, 55 Lexington Avenue @ 24th Street, in the 14th floor Conference Center. A wine reception at 5 pm concludes the day’s proceedings.

Tuesday, May 2, 2006 at Baruch College


Contact: Zane Berzins 646.660.6113