18:30 - 21:00
Frankel Leó 30-34. Room G15
Earn a U.S. MBA or Master’s Degree designed for innovative leaders and professionals
Join us for our upcoming Info Session on 12 November!
We will be highlighting our premiere degree programs offered by CEU Business School. Find more information about our degree programs - MBA, MSc in Finance and MSc in Business Analytics here.
The event features a special presentation on Strategic Insider Trading in Foreign Exchange Markets by Peter Szilagyi, Associate Professor of Finance, Director of MSc in Finance program.
"Insider trading studies invariably focus on stock markets due to ease of use of surveillance techniques and the success of prosecutions. Prosecutions of insider trading in the world’s largest financial market – the foreign exchange market - are limited, with one recent exception: the 2015 prosecution of Australian bank trader Lukas Kamay and Australian Bureau of Statistics analyst Christopher Hill for their use of pre-release Australian Bureau of Statistics (ABS) data to profit from movements in the spot Australia-United States dollar (AUD/USD). The Kamay and Hill conviction provides a natural experiment to investigate the actions and impacts of insider traders in one of the least understood financial markets. Our results show that insiders act very strategically to mask their activities, which makes it very difficult to detect their actions. Indeed, Kamay and Hill were never caught by regulators, but instead busted by their own broker – and that broker is now suing his own firm because he was unceremoniously fired for whistleblowing."
18:30-18:40 Welcome Remarks - Prof. Tibor Vörös, Director of Accelerated One-year MBA Program, Senior Lecturer of IT Management and Quantitative Studies
18:40-19:00 When Kamay and Hill met: Strategic Insider Trading in Foreign Exchange Markets; Peter Szilagyi, Associate Professor of Finance
19:00-19:20 Panel Discussion on the CEU Business School Experience with Alumni
19:20-19:30 CEU Business School MBA and Master’s Programs: Brief Facts - Agnes Schram, Manager of Admission and Recruitment
19:30-21:00 Reception to Meet Current MBA Students & Alumni
To attend, please RSVP to email@example.com