CONTACT: GEORGE MCCRORY
300 Plaza Centre One
Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
Release: Apr. 10, 2002
UI hosts financial education conference April 12-14
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
http://www.biz.uiowa.edu/iem, 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.