PHOTO: A daytrip to NYSE Trading Floor

[Chris]

Dear Students, Alumni, and Professors:

The Quant Network at Baruch's Financial Engineering MS Program would like to invite you to a talk with Murray Teitelbaum of the New York Stock Exchange for a lecture/discussion on financial current events including Archipelago, Sarbanes-Oxley Act, and linear markets.

This seminar will not be held at Baruch but at the New York Stock Exchange where there will be a Q&A session and a visit to the Members Gallery where we can view the actual trading floor!


This is an excellent once in a lifetime opportunity to see the NYSE trading floor in action and a way to increase your knowledge of the financial industry (impress people at those interviews! :))

We need at least 20 people to RSVP by the end of next Friday 3/30 11:59pm so please do respond!

When you RSVP please PM me the following information:

* First Name and Last Name
* Passport ID# (preferred) OR Social Security Number
* Date of Birth

Time: Wednesday, April 18 2pm-3:30pm
Location:New York Stock Exchange (more details to come)

http://www.medgadget.com/archives/img/nyse.jpg

[Andy]

Please RSVP yes/maybe/no even if you are not 100% sure so the organizers can gauge the interest. We will give priority to MFE students. If we don't meet the quota, then we will extend this invitation to the Baruch MBA students.

You can also PM the required information to Chris. I know this is a privacy concern of many but it's for security reason only. Your private information will be treated with utmost care. After all, the document requirement is very reasonable because we are living in a post 9/11 world.

We have been talking about this since last year so I hope to see many of you joining us on this trip.

[woody]

I can go, although it says 'maybe' up there. Chris, you may have to 'remove' me from the 'maybe' so I can add myself to the 'yes.'

[Andy]

I can go, although it says 'maybe' up there. Chris, you may have to 'remove' me from the 'maybe' so I can add myself to the 'yes.'

Give it another try.

[woody]

It worked. Thanks Andy!

[Andy]

Chris,
If you decide to open a few more spots for MBA students you can post this RSVP link on http://theticker.campusave.com/

[Chris]

Sure will do Andy

[Andy]

Wow, look at who just RSVP'ed YES ;)

[woody]

Bump. Just want to keep this topic up top.

[Chris]

Also as a reminder guys I need to get your SSN/PassportID and Date of Birth as soon as possible. I need to provide Murray with this information so he can prepare for our visit.

Thanks,

Chris

[Andy]

Chris,
Sorry for the delay. I PMed you my info.
You mention that we should wear business attire ?

[Bridgett]

Andy,

In my humble opinion, it's better to wear business attire -- you'll never know what impression or connection you might make... so, it's better to prepare and present your best.

[Chris]

Andy,

Just to clarify, he did not explicitly mention to wear formal attire. I read/saw pictures on the internet that other classes that attended wore formal attire.

However, I agree with Bridgett. You should definitely wear formal attire if you are able to since it would leave a good impression.

[Chris]

Hey guys,

I just got a response back from Murray regarding the NYSE event.

Please meet at security entrance at 2 broad st.(corner wall&broad).

Students should read the first two chapters of the booklet NYSE
Guide on the NYSE website-hit the icon -all about the NYSE-then hit
education and scroll down to materials.

Business attire is preferred.

The guide can be found here: http://www.nyse.com/pdfs/nyse_bluebook.pdf

For other education materials you can look at:
http://www.nyse.com/about/education/1098034584990.html

Thanks,

Chris

[Bridgett]

THANK YOU VERY MUCH, CHRIS!!

[Andy]

Let's meet in the Quantnet Lounge at 1pm on Wednesday and leave together. After the visit, we can walk down a couple of block to the bull and WTC to take pictures as a group.

[Chris]

For those who can't meet at QuantNet lounge (i.e. part timers) lets try to meet at the corner of Wall St and Broad at 1:45pm.


http://www.nyse.com/images/contact/img_map.gif

Subways
http://www.nyse.com/images/common/bullet.gif 2, 3 to Wall St.
http://www.nyse.com/images/common/bullet.gif 4, 5 to Wall St./Broadway
http://www.nyse.com/images/common/bullet.gif J, Z to Broad St./Wall St.
http://www.nyse.com/images/common/bullet.gif R, W to Rector St.

Path Trains
http://www.nyse.com/images/common/bullet.gif Hoboken-World Trade Center
http://www.nyse.com/images/common/bullet.gif Newark-World Trade Center


More directions can be found here: http://www.nyse.com/about/newsevents/1095581297148.html

Also people asked how formal the attire that should be worn should be. It seems that it is very formal when visiting there. Here are couple of sites of people here is what they were wearing when they visited just to give you an idea.

http://www.fordham.edu/cba/whatsnew/gallery/galleries/06_11-01_NYSE/index.htm
http://www.salisbury.edu/econfin/NYC2006.htm
http://www.goizuetamag.emory.edu/fall2004/network15.html

[Andy]

Cool, so the dress code for this event will be Business Formal
The dress code for the UBS trading event will be smart casual/business casual

[luso]

Sorry guys, I am not not able to make it today due to some accident.
Hope you guys have fun.

[pardasani]

W O W !!!!!...

amazing experience.... Especially seeing the trading floor....

Thanks a lot to everybody who made this possible.....

[Chris]

It definitely was a memorable experience! Its hard to believe that the trading floor below us represented 27 trillion dollars!

Anyway can't wait until you all post the pics.

[Andy]

This was indeed an one in a lifetime experience. Being so close to the famous NYSE trading floor, you could almost feel the energy and money being traded on the flow bellow.


http://img293.imageshack.us/img293/8274/picture697largead3.jpg

[Andy]

http://img175.imageshack.us/img175/7644/picture699largehh3.jpg

[woody]

I uploaded four photos from my camera:

http://www.quantnet.org/photo/showgallery.php?cat=504

[maxrum]

I uploaded four photos from my camera:

http://www.quantnet.org/photo/showgallery.php?cat=504

woody_outside_nyse.jpg is a very good picture :thumbsup:

[Andy]

We spoke with Mr. Murray of the NYSE Euronext about future deals and I thought this article is very timing.

German Exchange to Buy ISE for $2.8B

Monday April 30, 6:23 pm ET
By Joe Bel Bruno, AP Business Writer

Deutsche Boerse Deal to Buy U.S. Options Exchange ISE to Put Pressure on NYSE, Nasdaq NEW YORK (AP) -- With stock options trading now one of the world's fastest growing markets, Deutsche Boerse AG's pact to buy International Securities Exchange Holdings Inc. for $2.8 billion could lead to more deals -- and perhaps a rival bid for the second-largest U.S. options exchange.

The German stock exchange on Monday announced the $2.8 billion acquisition of New York-based ISE, a deal that will create the world's top options market, rivaling U.S. players like the Chicago Board Options Exchange and Chicago Mercantile Exchange.
With ISE investors getting an almost 50 percent premium for their shares, the offer was viewed on Wall Street as being one of the most aggressive made during a period of growing consolidation among global exchanges. It also ups the ante for NYSE Euronext Inc. and Nasdaq Stock Market Inc., both keen on expanding farther into options trading.
"It was somewhat out of character for Deutsche Boerse to be so aggressive, but it shows how important this is for them," said Richard Herr, an analyst with Keefe, Bruyette & Woods. "But, I can't totally rule out a competing bid."

Deutsche Boerse Chief Executive Reto Francioni has been under pressure to strike an international acquisition after his company's efforts to buy Paris-based stock exchange operator Euronext were foiled by the New York Stock Exchange.
The ISE's two top executives -- co-founders David Krell and Gary Katz -- used to run the Big Board's options business. They formed ISE when former NYSE Chairman and CEO Dick Grasso showed little interest in building up an options business.
The NYSE would not comment on the Deutsche Boerse-ISE deal, but analysts were curious to see whether NYSE Euronext CEO John Thain would try to upset the agreement. He wants to expand the NYSE's options platform -- and has not ruled out doing so by acquisition. And, already saddled with absorbing Euronext, a deal with ISE would be far simpler since the options exchange's headquarters is around the corner from the NYSE.
It would also meld with the NYSE's London-based Liffe options exchange, acquired as part of the Euronext deal.

Regardless of whether Thain makes a competing bid, the Deutsche Boerse's move into America was seen as a catalyst for more deals. It could force others to quickly come forward with their own agreements.
"What this does is give any other deals some urgency. If there are two parties out there haggling over price, they tend to settle pretty quickly when another deal happens," said David Easthope, an analyst with business consulting firm Celent LLC.
Intercontinental Exchange Inc. has bid $9.6 billion for the Chicago Board of Trade, which is also considering a rival $8.2 billion offer by the Chicago Mercantile Exchange. The Philadelphia Stock Exchange, the third-largest U.S. options market, is said to be in talks with rivals that include the Nasdaq.

The London Stock Exchange fought off several bids, including a hostile one from the Nasdaq, which is now its largest shareholder.
Robert Greifeld, chief executive of the all-electronic Nasdaq, said he wants to expand the company's options trading this year. The exchange plans to start trading options more heavily once the Securities and Exchange Commissions decides whether to expand a program that would convert decimal trading in options into penny increments.
"Deutsche Boerse competitors in the U.S. certainly need to stand up and take notice, especially given the very public statements by management of both the Nasdaq and NYSE Euronext that left no doubt as to how important derivatives will be to their future success," said Andy Nybo, a senior analyst with consulting firm TABB Group.
However, it was unlikely Greifeld would overpay to buy ISE. He has pledged to shareholders the Nasdaq will not make an acquisition that was too expensive, or would not almost immediately boost earnings.

A spokeswoman for the Nasdaq would not comment.
The Deutsche Boerse statement said ISE shareholders would get $67.50 per share for their stock. That represents a nearly 48 percent premium over Friday's closing price.
Deutsche Boerse said the deal would have to win a majority at an extraordinary ISE shareholders meeting, which it said would take place as soon as possible, and would also require approval by the U.S. Securities and Exchange Commission.
The companies will hold a news conference on Tuesday to unveil details of the acquisition.