Douglas Cifu, President and Chief Operating Officer, Virtu Financial LLC
Virtu Financial LLC is a leading electronic trading firm and market maker, actively trading equities, fixed-income securities, currencies, and commodities on trading venues ranging from exchanges to electronic communication networks and other off-exchange trading platforms.
The final workshop of the fall 2012 semester focused on the increasingly prominent issue of high-frequency trading. In connection with this Fellow Workshop, and the Program's long-term goal of maintaining part of this website as a central repository for capital markets-related work drafted by scholars, legal practitioners, market participants, regulators, and news reporters, the Program has put together a Current Topics section focused on high-frequency trading on our new website which will be going live in February.
Clearing (With Particular Application to Derivatives and CDOs)
(presented on December 9, 2010)
Craig Pirrong, Professor and Director of Energy Markets for Global Energy Management Institute at the University of Houston. Professor Pirrong is a leading expert on derivatives pricing and discussed his work concerning clearing, with particular application to derivatives and CDOs.
Current Issues in Security Regulation (presented on May 13, 2010)
Commissioner Troy A. Paredes of the U.S. Securities and Exchange Commission was the presenter.Due to the nature of Commissioner Paredes presentation it was off the record.
Do Stock Markets and Clearing Organizations Have Market Power? (presented on February 25, 2010) Allen Ferrell, Harvey Greenfield Professor of Securities Law at Harvard University Law School was the presenter.
Market Fragmentation, Including the Effect of Dark Pools (presented on September 24, 2009) Maureen O’Hara, Robert W. Purcell Professor of Management and Professor of Finance at Cornell University’s Johnson School of Business was the featured presenter.
Actions of European Securities Regulators in the Face of the Current Financial Crisis (presented on February 19, 2009)
Eddy Wymeersch, Chairman of the Committee of European Securities Regulators (CESAR) and
Chairman of the Supervisory Board of the Belgian Banking, Finance and Insurance Commission
was the featured presenter.