Part 3 of the conference contains the mid-day keynote address provided by Reto Francioni, CEO of Deutsch Borse AG. Panel 2 is moderated by Joe Cangemi, Managing Director of ConvergEx Group. It is entitled Competitive challenges in the exchange space? Panelists include Alasdair Haynes, CEO of Chi-X Europe, Bill Harts, Chief Strategy Officer in Thomson Reuters, Gary Stone, Chief Strategy Officer in Bloomberg Tradebook LLC, Wally Sullivan, Managing Partner of Pulse Trading, Peter Jenkins, President of AX Trading and Rob Howe, Corporate Strategist of Liquidnet. Panel 3 is moderated by Bruce Weber, Dean of Lerner College of Business and Economics in University of Delaware. The topic is Wherein lie the growth opportunities? Panelists include Larry Tabb of TABB Group, Ian Domowitz of ITG, Joe Rosen of RKA, Inc., Pinar Emirdag of London Stock Exchange Group, Frank Hatheway of NASDAQ OMX, and Tim Mahoney of BIDS Trading. Panel 4 is moderated by David Weild IV, Founder and Chairman of Grant Thornton LLP and Capital Markets Advisor Partners LLC. Topic is IPO capital raising in the global economy. Panelists include Huseyin Erkan of Istanbul Stock Exchange, Joseph Hall of Davis, Polk & Wardwell LLP, Steve Wunsch of Wunsch Auction Systems, Barry E. Silbert of SecondMarket Inc., and Gregory L. Wright of ThinkEquity LLC. The closing keynote speech is addressed by Larry Leibowitz, COO of NYSE Euronext.