The spring Finance Friday's series for the Babson community, including graduate and undergraduate students, faculty, staff, alumni and friends, will cover various finance topics featuring Babson faculty, alumni and industry thought leaders. We're excited to kick off our Finance Friday series with a conversation between Professor Erik Sirri and David Whitcomb '63, founder of Automated Trading Desk and pioneer of computerized trading. In this session, they'll reflect back on the markets, the evolution of electronic trading, and the sale of ATD to Citigroup for $680 million. Erik and David will also discuss how these pioneering activities helped shape today's market environment. David Whitcomb '63 , Founder and Chairman Emeritus of Automated Trading Desk, LLCDavid Whitcomb, Founder and Chairman Emeritus of Automated Trading Desk, LLC, the pioneer high frequency trading firm. ATD was sold to Citigroup in 2007 and at the time of its sale accounted for 7% of all volume on the NYSE & NASDAQ Stock Markets. He received a Bachelor of Science in Economics (With Highest Distinction) from Babson College in 1963 and a PhD (With Distinction, Friedman Prize) from Columbia University in 1968. After research/faculty positions at the RAND Corporation, NYU & City University of New York, he joined Rutgers University in 1975 and retired as Professor of Finance Emeritus in 1999. One of the first researchers in the microstructure of securities markets, he has published in all the major finance & economics journals and is listed among the Top 100 researchers in financial economics (1974-1998). His business honors include Entrepreneur of the Year (Regional winner for the Carolinas) and Outstanding Financial Executive (Financial Management Association). Erik R. Sirri, Professor of Finance and Chair of the Finance Division at Babson College Erik Sirri is a Professor of Finance and Chair of the Finance Division at Babson College. His research interests include the interaction of securities law and finance, securities market structure, investment management, and capital markets. From 2006-2009 he was the Director of the Division of Trading and Markets at the U.S. Securities and Exchange Commission, where he was responsible to the Commission for matters relating to the regulation of stock and option exchanges, national securities associations, brokers, dealers, clearing agencies, transfer agents, and credit rating agencies. He served as the Commission's Chief Economist from 1996-1999, and was an Assistant Professor of Finance at the Harvard Business School from 1989 to 1995. Sirri received his B.S. in Astronomy from the California Institute of Technology in 1979, an M.B.A. from the University of California, Irvine, in 1984, and his Ph.D. in Finance from the University of California, Los Angeles, in 1990. His published writings appear in academic journals, practitioner journals, and books. He has served on the boards of securities exchanges, mutual funds, industry associations, and foundations.
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