Salomon Center for the Study of Financial Institutions | Derivatives 2009: Looking Towards the Future

The NASDAQ OMX Derivatives Research Project

DERIVATIVES 2009: LOOKING TOWARDS THE FUTURE

The current financial crisis has had a major impact on the derivatives field and it is not clear where things are going from here. It will be a year since the crisis broke open last September, making it a good time to gather and think about the implications for the future. Academics have had our models "stress tested," let us say, and we have learned a lot from this natural experiment about how our financial markets actually work. At the very least, we have acquired some interesting new data points to look at. For practitioners, their entire world has been stress tested and the repercussions are pervasive.

The conference will be a one-day event featuring presentations of new research, as well as discussions focused on the changing environment for both academics and practitioners and how we should respond to it. For academics: How should academic derivatives modeling incorporate what we have learned in the crisis? What new insights have we obtained and what new research directions will develop from them? For practitioners: What long term changes are needed in the derivatives marketplace, the regulatory environment, and the practice of trading? How well do the current plans for restructuring the system meet the needs of the marketplace?

Conference Organizer:
Stephen Figlewski
Professor of Finance, NYU Stern School of Business

Program: