COMPANY NEWS >> ONLINE TRADING OF ILLIQUID SECURITIES: NEW PLAYERS

A panel of new companies trading assets worth billions--from private stock to private equity to bankruptcy claims--electronically. Event Date: Thursday, July 15th, 2010 at 6:00pm

More than $30 billion in tough-to-trade assets, including private stock (such as Facebook), private equity, bankruptcy claims, distressed debt, restricted stock, and cdos, are now listed to trade online to qualified investors by new companies.

This group of companies is trying to transform the nature of illiquid markets, increasing the transparency and efficiency of the traditional investment banking trading process by using the Internet and technology. Learn about their business models, where it's going, and what it means for traditional players.

Questions the panel will address:
    Given the irregular nature and unusual terms of illiquid securities, can a systemized approach work?
  • How much of a sales effort and screening of investors is involved?
  • How do they approach the need for discretion and negotiation?
  • To what extent will these companies' success threaten traditional investment banking?

Everyone is welcome to come and hear these representatives from some of the biggest players in this emerging industry:

Panel:

Lawrence Allen, CEO, NYPPEX, is based in NYC and specializes in private equity.

Celestino Amore, CEO, IlliquidX, is based in London and specializes in European and Emerging Markets illiquid equity, high yield debt, trade claims, and debt restructurings.

Dan Burstein, Managing Parter, Millenium, which is based in New York, and is a family of private equity funds in technology and venture capital, and makes direct secondary investments in leading private technology companies.

Jeff Thomas, VP, Private Company Stock, SecondMarket, is based in California and specializes in shares of privately held companies.

Moderator: Steve Bertoni, Forbes, is based in NYC and is a Global Wealth reporter with Forbes Media.

DATE

Thursday, July 15, 2010

AGENDA

6:00 - 6:15 PM Registration

6:15 - 7:30 PM Panel and Q & A

7:30 - 8:30 PM Networking Reception

PLACE

 UJA Federation NY
130 E. 59 Street (between Lex & Park)
New York , NY

PRICE

 CBSAC/NY Members: $25
Non-members: $35

REGISTRATION

 Space is limited and will fill up quickly.

NOTES

Networking Reception includes light refreshments.

Please bring a photo ID and allow yourself additional time to get through security.

EVENT ORGANIZERS

We are grateful to Marjorie Churgin of the Finance Committee and Erik Tiltmann of the Private Equity Committee of the Columbia Business School Alumni Club of New York for creating this event. Special thanks also go to Amit Mahajan, CBS'05, for planning this event.