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December 1, 2004

At Baruch, Dons Debate Markets

By Staff Reports

The heated debate over market structure has spread to the cloistered corridors of academia. Close to two-dozen universities - one from as far away as French Canada - were represented last month at Baruch College's Equity Microstructure Seminar.

The event organizers included Baruch finance professor Robert Schwartz, whose latest book on market structure - co-authored with Reto Francioni - is reviewed in these pages.

How to teach microstructure and use trading floors in MBA programs were among the topics discussed at the Baruch conference. One of the sponsors was STANY.

"STANY believes that trading is an important discipline that has been heretofore given short shrift in the academic arena," says Kimberly Unger, executive director of STANY. "Market structure issues are critical not just for the trader but for U.S. businesses in general,"