CEU Business MS Programs Info Session with Professor Tomy Lee's research talk "Why Trade Over-the-Counter?".
Join us to learn about CEU's full-time/part-time business MS programs:
MS in Business Analytics, MS in Finance, MS Technology Management and Innovation. Hear about the award-winning CEU InnovationsLab incubator, and the scholarship/internship programs contributed by CEU's endowment and industry partners. Have an informal chat with faculty, students and alumni. Get all your questions answered about life at CEU!
To register please RSVP via email to student-info@ceu.edu.
Join the event's live stream on Videosquare, check out its Facebook page.
What to Expect
6:30-6:45 CEU's Business MS programs - quick facts
6:45-7:15 Why Trade Over-the-Counter? Research talk by Professor Tomy Lee
7:15-7:35 CEU Experience panel discussion with students and alumni
7:35-9:00 Reception with students and alumni
Why Trade Over-the-Counter? Research talk by Professor Tomy Lee
Despite the availability of low-cost exchanges, over-the-counter (OTC) trading is pervasive for most assets. In this talk, I outline the differences between exchanges, such as the Nasdaq, versus the OTC market for financial assets. Then I provide an explanation for the prevalence of OTC trading proposed in a recent paper I co-authored with Chaojun Wang (Wharton). Specifically, we show that the OTC dealers cream-skim uninformed investors (e.g., insurance companies) from the exchanges. We predict that assets with worse bid-ask spreads on exchanges are more likely to be exchange traded, as we support using evidence from US stocks. Policy-wise, having an OTC market can reduce welfare while increasing total trade volume and improving the average bid-ask spread. In particular, the OTC market harms welfare for assets that are mostly OTC traded (e.g., swaps and bonds). Our results justify recent policies that seek to end OTC trading for such assets.
Business MS Programs Guided by Industry
Earn a U.S. Master of Science (MS) degree in Vienna and Budapest. Join a world-class international community. Land a job or internship anytime, or continue your career. Join a top partner school on four continents.
Learn more from the CEU Business MS Website and Presentation.
- MS in Business Analytics | 1 year | full-time or part-time
A unique mix of analytics, computer science and business. Learn programming, dive into data analysis, big data and cloud computing, machine learning and data engineering. QS Top 50, CEE #1. - MS in Finance | 1 year | full-time or part-time
A program designed with industry. Focus in on investments and banking, corporate finance or private equity. Embrace data analytics and technology. QS Top 100, CEE #3. - MS in Technology Management and Innovation | 1 year | part-time
Combine your technical expertise with business, finance and leadership skills to become a technology leader, or develop your own startup in the award-winning CEU InnovationsLab incubator. - Fintech Management Parallel Studies | 1 year | full-time or part-time
Earn the MS in Finance and MS in Technology Management and Innovation. Become a fintech leader or develop your fintech startup.
Apply by January 31 for the scholarship and internship programs contributed by CEU's endowment and valued industry partners:
- Future of Big Data Scholarship & Training Program
- Morgan Stanley Internship Program
- Women in Technology Scholarship Program.
See you there!
