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Release: Apr. 10, 2002

UI hosts financial education conference April 12-14

Faculty and students from across the U.S. have been invited to exchange ideas and learn about the future of financial markets at a April 12-14 conference hosted by the University of Iowa Tippie College of Business.

Sponsored by the NASDAQ Educational Foundation and the National Science Foundation, the program will take place in the Pappajohn Business Building on the UI campus.

The NASDAQ portion of the conference kicks off on Friday, when participants will hear from financial market industry professionals and UI finance faculty experts on the future of electronic trading. This portion of the conference has been organized by Professor Thomas George of the UI Department of Finance and will feature Chris Santiago, senior director of NASDAQ Market Services, who will speak on "NASDAQ – Now and the Future."

Following his presentation, participants will hear from faculty from the UI Department of Finance. Professor Ashish Tiwari will talk about market design and compare floor trading and electronic trading, while Professor Thomas Rietz will discuss these issues from an investor's perspective. Finally, Professor Todd Houge will present the securities issuers' viewpoint, focusing on initial public offerings and capital acquisition.

On Saturday and Sunday, April 13 and 14, attendees will learn more about the Iowa Electronic Markets (IEM). The audience will include faculty and students who have never used the IEM as well as a number of seasoned IEM participants. They will discuss and identify "best practices" for integrating the IEM into instruction.

"By participating in the IEM, students prepare to trade in larger volume capital markets, develop critical skills in technology, financial markets, and economics," said Robert Forsythe, senior associate dean of the Tippie College of Business and IEM co-director. "This conference helps us make this curriculum available to a wider audience, increasing its impact on students in underserved populations."

The NASDAQ Educational Foundation and the National Science Foundation are providing funding for the conference that specifically targets faculty and students from historically black colleges and universities, Hispanic serving institutions and other colleges that serve significant populations of "at risk" students. Faculty and students coming to the UI's Henry B. Tippie College of Business are from many different areas and backgrounds, such as two Iowa community colleges serving rural populations, and the University of Texas - Pan American, which has a large Hispanic enrollment and is a short distance from the Mexican border.

Operated by six faculty at the UI's Henry B. Tippie College of Business, the IEM is a small-scale, real money electronic futures market that operates under the auspices of the Commodity Futures Trading Commission. Located at, the IEM trades contracts whose eventual payoffs are tied to real world economic and political events.

This conference is one of a continuing series of IEM initiatives. Since 1997, the IEM has received continuous support from the U.S. Department of Education, National Science Foundation and NASDAQ Educational Foundation to develop economic literacy programs at two- and four-year teaching institutions where there are significant populations of "students at-risk." To date, IEM staff and faculty have worked with faculty from 43 institutions, conducting market training sessions and sharing information.