Algorithmic and high-frequency trading have become the norm for electronic trading of financial assets worldwide. The new trading paradigm with a focus on ultra-short time horizons and the trading process rather than the asset itself, has led to lower bid-ask spreads but also to less benign market phenomena such as the “flash crash” of May 2010. Questions arise naturally as to whether high-frequency trading is harming conventional low-frequency and long term investors. Tools to measure and manage risk and profitability in the presence of high-frequency trading have yet to be developed for market participants and regulators.
The 5th annual Swissquote Conference will feature the latest research on algorithmic and high-frequency trading by leading experts and scholars in the field. The event addresses academics and practitioners alike, and shall foster the interaction among individuals and across institutions.
Friday November 7, 2014
News Report: a summary of the event can be found here.
Some Pictures of the event
Speakers and program overview:
|08:30 – 09:00||Registration and welcome coffee
|09:00 – 09:15||Welcome address|
|09:15 – 10:00||Richard Olsen (OLSENINVEST)
“The Future of Digital Markets“, Talk, Video
| 10:00 – 10:45
||Thierry Foucault (HEC Paris)
“News Trading and Speed“, Talk, Video
|10:45 – 11:15||Coffee break|
|11:15 – 11:40|| Christian A. Katz (CEO SIX Swiss Exchange)
“A factual view of HFT“
|11:40 – 12:45||Panel discussion (C. Katz, A. Kirilenko, A. Kyle, R. Olsen)
“Benefits, risks, and future of high-frequency trading“
|12:45 – 13:45||Lunch|
|13:45 – 14:30||Charles Jones (Columbia University)
“Potential Pilot Problems“, Talk, Video
| 14:30 – 15:15
||Robert Almgren (Quantitative Brokers and New York University)
“Using a Market Simulator to Develop Execution Algorithms“, Talk, Video
|15:15 – 15:45||Coffee break|
|15:45 – 16:30||Albert Kyle (University of Maryland)
“The Flash Crash: The Impact of High Frequency
Trading on an Electronic Market“, Talk, Video
|16:30 – 17:15|| Andrei Kirilenko (MIT)
“High Frequency Trading“, Talk, Video
Registration: Participation is free but places at the conference are limited. Please register here.