Alumni

Trading in a High Frequency World

Finance Roundtable

June 4, 2014: 6:00 PM - 8:00 PM

Please join the Chicago Booth Finance Roundtable for a lively discussion on a wide range of topics pertaining to trading in the modern era.  

Where

Gleacher Center
Room 100
450 N. Cityfront Plaza
Chicago, Illinois

Event Details

Two months ago Michael Lewis, appearing on 60 Minutes to promote his new book Flash Boys, boldly proclaimed that the stock market is rigged and that everybody invested in the market is a victim. Flash Boys soared to the #1 spot on Amazon the day it was released and has maintained a top of the New York Times Best Sellers list since then. In the aftermath of this controversial declaration there has been a great deal of outrage and confusion about how trading works in the modern era. Is the market really rigged? Are we all indeed victims?

Our panelists will attempt to demystify the trading world in order to separate fact from fiction. We will review the evolution of trading and discuss where it is heading. We will address the role of cutting edge technology and innovative trading tools and what is being done to ensure that they do not destabilize the entire system. We will talk about the impact of HFT, the Flash Crash, and other recent scandals and put them in proper context. Most importantly, we will discuss what is being done to ensure that investors receive fair execution and that the marketplace continues to function in an orderly fashion.

Our esteemed panel represents a diverse set of roles and opinions on the evolution of trading, the current landscape, and the challenges we will need to overcome.

We look forward to your participation in this spirited roundtable discussion.

Speaker list and bios will be released shortly

Thanks,
Your Chicago Booth Finance Roundtable Committee

Cost

$7 in advance

$10 at the door

Registration

Register Online

Deadline: 6/4/2014

Program

6:00 PM-6:30 PM: Networking and Cocktails

6:30 PM-8:00 PM: Program Discussion and Q&A

Speaker Profiles

Richard A. Vigsnes (Speaker)
Senior Vice President, The Northern Trust Company, Chicago

Richard A. Vigsnes is a Senior Vice President at The Northern Trust Company, Chicago. He heads the global equity trading effort that supports Northern Trust Asset Management with desks in Chicago, London and Hong Kong. Rich previously worked at UBS in Stamford, Connecticut from 1992 to 2004 most recently as an Executive Director.

Rich received a B.A. degree in Economics from North Central College and a M.S. degree in Financial Economics from Marquette University.

Young Kang (Speaker)
Global Head of Electronic Products, Citi Global Markets Inc. :Citi Electronic Markets

Young Kang joined Citi in April '07 and is Global Head of Algorithmic Products for the Electronic Markets business managing a team of quantitative algo product developers around the world. His focus is to innovate and optimize Citi's suite of algorithmic products to provide best execution on behalf of clients in an ever changing market place. Young is also responsible for smart order routing and liquidity management globally including Citi Equities expanding footprint of algorithmic products and direct market access to emerging markets. He also jointly oversees pre and post trade analytics. Highlights of his achievements thus far include the implementation of a globally consistent product line, optimization of algo internalization, enhancement of Citi Match functionalities, and launch of the new algorithmic trading engine and infrastructure. Citi's algorithmic products are currently available in over 40 markets worldwide.

Most recently, he has been appointed to manage Citi owned dark pools globally including Citi Match and Citi Cross.

Prior to joining Citi, Young served at SAC Capital, Stamford, CT for 4 years, managing algorithmic strategies and front office trading technology. He worked with many sell-side brokers to design new algorithmic strategies which revolutionized equities trading. Prior to SAC, he worked for JPMorgan.

Mr. Kang holds a dual B.S. degree in Engineering/Engineering and Public Policy from Carnegie Mellon University in Pittsburgh, PA.

Remco Lenterman (Speaker)
Director, IMC Financial Markets

Remco is Managing Director at IMC Financial Markets and is responsible for Global Corporate Development and market Structure. IMC Financial Markets is a leading principal trading and market making firm employing close to 450 people with offices in Chicago, Amsterdam, Zug, Hong Kong and Sydney. Prior to assuming his role at IMC, Remco spent 16 years at Goldman Sachs as Managing Director responsible for Pan European Equity trading and 4 years as managing director at Kempen & Co, responsible for Securities. Remco is currently also the Chairman of the FIA European Principal Traders Association.

Questions

Guy Lakonishok, '09 

Other Information

This is a closed event to the press. If you have any questions, please contact Nicole Niermeyer (Nicole.niermeyer@chicagobooth.edu)

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