Lecture series helps traders stay on top of the market

[img_inline align=”right” src=”http://padnws01.mcmaster.ca/images/stock ticker2.jpg” caption=”James Angel, associate professor of finance at the McDonough School of Business at Georgetown University will discuss short selling in the first lecture of the 2007 RS-DeGroote Luncheon Lecture series. File photo”]When a container ship full of nickel hit the rocks (literally) earlier this month, the price of nickel shot up. In response, San Francisco hedge fund Webb Asset Management bought nickel-related equities, betting the metal would continue to rise. At the same time, Webb has been shorting — borrowing and selling — copper equities in the belief that metal's price will continue to fall.

Short selling is an advanced trading strategy in which people borrow shares of a stock that they don't own and then immediately sell the shares. The sellers then buy the shares later at a lower price and pocket the difference as profit.

James Angel, associate professor of finance at the McDonough School of Business at Georgetown University, will discuss short selling in the first lecture of the 2007 RS-DeGroote Luncheon Lecture series.

The series, which began in 2006 with a gift from Market Regulation Services (RS) brings leading experts in market structure and market integrity to Toronto to speak on current research. Lectures are held at the new Ontario Club at 1 King St. West.

The full lineup for the lectures is

Thursday, March 8 12 noon	James Angel, associate professor of finance, The McDonough School of Business at Georgetown University	“Naked Short Selling and Regulation SHO”
Thursday, April 19 12 noon	Adam Reed, assistant professor of finance, Kenan-Flagler Business School, University of North Carolina	“Failure is an Option: Impediments to Short Selling and Options Prices”
Thursday, May 31 12 noon	Reena Aggarwal, Stallkamp Faculty Fellow and professor of finance, The McDonough School of Business at Georgetown University	“Did New Regulations Target Relevant Governance Attributes?”
Monday, June 11 12 noon	Susan Christoffersen, limited term professor of the Canadian Securities Institute Research Foundation – Desautels Faculty of Management – McGill University	“Vote Trading and Information Aggregation”
Monday, Sept. 17 12 noon	Asani Sarkar, senior economist, Federal Reserve Bank of New York	“Two-sided Markets and Inter Temporal Trade Clustering”
Monday, Oct. 22 12 noon	Carole Comerton-Ford, associate professor of finance, University of Sydney, Sydney, Australia	“Closing Price Manipulation on Four North American Markets”

To register for these lectures, call Andrea Mior at 905-525-9140, ext. 26372
or e-mail lectureseries@mcmaster.ca.

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[img_inline align="right" src="http://padnws01.mcmaster.ca/images/stock ticker2.jpg" caption="James Angel, associate professor of finance at the McDonough School of Business at Georgetown University will discuss short selling in the first lecture of the 2007 RS-DeGroote Luncheon Lecture series. File photo"]When a container ship full of nickel hit the rocks (literally) earlier this month, the price of nickel shot up. In response, San Francisco hedge fund Webb Asset Management bought nickel-related equities, betting the metal would continue to rise. At the same time, Webb has been shorting -- borrowing and selling -- copper equities in the belief that metal&#039;s price will continue to fall. <br />
<br />
<p>Short selling is an advanced trading strategy in which people borrow shares of a stock that they don&#039;t own and then immediately sell the shares. The sellers then buy the shares later at a lower price and pocket the difference as profit.</p><br />
<br />
<p>James Angel, associate professor of finance at the McDonough School of Business at Georgetown University, will discuss short selling in the first lecture of the 2007 RS-DeGroote Luncheon Lecture series.</p><br />
<br />
<p>The series, which began in 2006 with a gift from Market Regulation Services (RS) brings leading experts in market structure and market integrity to Toronto to speak on current research. Lectures are held at the new Ontario Club at 1 King St. West.</p><br />
<br />
<p>The full lineup for the lectures is </p><br />
<table width="100%" border="1"><br />
  <tr valign="top"> <br />
    <td>Thursday, March 8<br> 12 noon</td><br />
    <td>James Angel, associate professor of finance, The McDonough School of Business <br />
      at Georgetown University</td><br />
    <td>"Naked Short Selling and Regulation SHO"</td><br />
  </tr><br />
  <tr valign="top"> <br />
    <td>Thursday, April 19<br><br />
      12 noon</td><br />
    <td>Adam Reed, assistant professor of finance, Kenan-Flagler Business School, <br />
      University of North Carolina</td><br />
    <td>"Failure is an Option: Impediments to Short Selling and Options Prices"</td><br />
  </tr><br />
  <tr valign="top"> <br />
    <td>Thursday, May 31<br><br />
      12 noon</td><br />
    <td>Reena Aggarwal, Stallkamp Faculty Fellow and professor of finance, The <br />
      McDonough School of Business at Georgetown University</td><br />
    <td>"Did New Regulations Target Relevant Governance Attributes?"</td><br />
  </tr><br />
  <tr valign="top"> <br />
    <td>Monday, June 11<br><br />
      12 noon</td><br />
    <td>Susan Christoffersen, limited term professor of the Canadian Securities <br />
      Institute Research Foundation - Desautels Faculty of Management - McGill <br />
      University</td><br />
    <td>"Vote Trading and Information Aggregation"</td><br />
  </tr><br />
  <tr valign="top"> <br />
    <td>Monday, Sept. 17<br><br />
      12 noon</td><br />
    <td>Asani Sarkar, senior economist, Federal Reserve Bank of New York </td><br />
    <td>"Two-sided Markets and Inter Temporal Trade Clustering"</td><br />
  </tr><br />
  <tr valign="top"> <br />
    <td>Monday, Oct. 22<br><br />
      12 noon</td><br />
    <td>Carole Comerton-Ford, associate professor of finance, University of Sydney, <br />
      Sydney, Australia </td><br />
    <td>"Closing Price Manipulation on Four North American Markets"</td><br />
  </tr><br />
</table><br />
<p> To register for these lectures, call Andrea Mior at 905-525-9140, ext. 26372 <br />
  or e-mail <a href="mailto:lectureseries@mcmaster.ca">lectureseries@mcmaster.ca</a>.</p>

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