Flash Crash: One Year Later

April 26, 2011

Georgetown Center for Financial Markets and Policy to Host Panels on Problems with U.S. Market Structure and What Can be Done to Prevent Another Flash Crash, May 5

The Center for Financial Markets and Policy at Georgetown University’s McDonough School of Business will host “The Flash Crash: One Year Later,” a conference to discuss the U.S. market structure and lessons learned from the high-speed trading glitch that disrupted financial markets on May 6, 2010.
The event will feature keynote addresses from Kathleen L. Casey, commissioner of the U.S. Securities and Exchange Commission, and Bryan Durkin, chief operating officer of The CME Group, as well as panel discussions. It is part of a series of partnership programs co-sponsored by Georgetown’s McDonough School of Business and Financial Times to focus on the future of the global financial system and the associated public policy issues. Booz Allen Hamilton, BATS Exchange, Direct Edge, and NASDAQ OMX also are key sponsors of this event.
Thursday, May 5, 2011, 1:30 to 6 p.m.
Georgetown University McDonough School of Business
37th & O Streets, NW
Rafik B. Hariri Building, Fisher Colloquium
Washington, D.C.
Participants should register online at http://flashcrash.eventbrite.com. 
Media who are interested in covering the event should contact Teresa Mannix, director of media relations, at (202) 687-4080 or tmm53@georgetown.edu.
The day will begin with opening remarks from Reena Aggarwal, McDonough Professor of Business Administration and director of the Center for Financial Markets and Policy. Between the keynote speakers, the following panels will be offered:
“Is the U.S. Market Structure Flawed? If So, What Should We Do About It?” will feature Chris Isaacson, senior vice president and chief operating officer, BATS Exchange; Vlad Khandros, corporate strategy, Liquidnet; Albert “Pete” Kyle, Charles E. Smith Professor of Finance, University of Maryland; Joe Mecane, executive vice president and co-head of U.S. listing and cash execution, NYSE Euronext; and David Shillman, associate director, Division of Market Regulation, U.S. Securities and Exchange Commission. It will be moderated by Financial Times U.S. Markets Editor Aline van Duyn.

“What Can be Done to Protect Against the Next Flash Crash?” will feature James J. Angel, associate professor of finance, Georgetown University McDonough School of Business; Frank Hatheway, chief economist and senior vice president, NASDAQ OMX Group Inc.; Eric Hess, general counsel, Direct Edge; and Christine Holzem, vice president, Division of Information Technology, Federal Reserve Board. Tim Hall, vice president at Booz Allen Hamilton, will serve as the moderator.
See the full schedule online at http://finpolicy.georgetown.edu/events.
About Georgetown University’s McDonough School of Business
Georgetown University’s McDonough School of Business is a premier business school located at the center of world politics and business in Washington, D.C. Some 1,400 undergraduates, 1,000 MBA students, and 500 participants in executive education programs study business with an intensive focus on leadership and a global perspective. Founded in 1957, the business school today resides in the new Rafik B. Hariri Building, a state-of-the-art facility that blends the tradition of Georgetown University with forward-thinking functionality. For more information about Georgetown’s McDonough School of Business, visit http://msb.georgetown.edu
About the Georgetown Center for Financial Markets and Policy
The Center for Financial Markets and Policy at Georgetown University offers an array of research, commentary, and dialogue regarding critical public policy issues relating to global financial markets. Housed at Georgetown’s McDonough School of Business, the Center sponsors original research, provides thoughtful commentary, and hosts dialogues and conferences involving scholars and practitioners on key financial market issues. Through these activities, the center enriches the intellectual life of the University and the Washington-based policy community, and contributes to an informed public discussion regarding critical financial market debates. Learn more about the center at http://finpolicy.georgetown.edu.
About the Financial Times
The Financial Times, one of the world’s leading business news organizations, is recognized internationally for its authority, integrity, and accuracy. Providing extensive news, comment, and analysis, the newspaper is printed at 23 print sites across the globe, has a daily circulation of 401,072 (ABC figures, November 2009) and a readership of 1.3 million people worldwide. FT.com is the definitive home for business intelligence on the Web, providing an essential source of news, comment, data, and analysis for the global business community. FT.com attracts 11.4 million unique users, generating 83.2 million page views (ABC figures, March 2009) and now has over 1.7 million registered users.