This course focuses on the design, operation, and regulation of trading processes, mechanisms, and protocols. The complexity and diversity of today’s stock, bond, and derivative markets are
extensive. For some security, the market has grown into an anonymous network that provides extremely high degrees of access and transparency. At the opposite end of the spectrum, there are marketplaces where one or more traders function as dealers, and reputation and relationship are crucial. Additionally, even though all markets are moving toward an electronic future, yet the rate of advancement and convergence differs greatly. Our markets are filled with conflicts such as efficiency against fairness, competition against regulation, consolidation against fragmentation, speed against stability, etc. Because the course is based on a realistic image of the trading process, we dive into some institutional detail, as well as some legislation and market regulation.

About Instructor: Ivo Balen

Experienced Managing Director with a demonstrated history of working in the banking industry. Skilled in Banking, Treasury products, Capital markets, Structured products, Risk management, Cash management and Custody services. Strong finance professional with a Master focused in Corporate and Investment Banking from SDA Bocconi.



SSBM is a research-based business and management school with faculty from top universities around the world. At SSBM we believe that the quality of an educational program is driven by the lecturer’s knowledge and experience.