CALL FOR PAPERS We are pleased to announce that the Paris Bourse (Socit des Bourses Franaises), is organizing a conference that will be held in Paris on December 19-20, 1996. TOPICS: The conference will focus on equity market microstructure. Papers are invited on topics including, but not limited to: market quality (including market liquidity, transparency and efficiency, competition between markets, consolidation vs. fragmentation), order placement strategies, dual-listing, small company trading vs. large company trading, institutional trading, the interaction between corporate governance and market structure, market mechanisms, and econometric analysis (joint impact of prices and volume, nonlinear dynamic modeling). Academicians and Practitioners are cordially invited to participate. Papers may be empirical studies or theoretical work with applied implications. They must be of practical relevance for market participants and organizers. REGULATIONS: Papers will be refereed by members of the program committee. Approximately 15 papers will be selected. The first page of the paper should contain the title, name of the author(s), complete address, telephone and fax numbers, and E-mail address(es). Multiple authors should indicate who will be attending and who will present the paper. Authors will be notified of the program committee's decision by the end of September 1996. TRAVEL EXPENSES: Travel support will be provided to authors whose papers are selected. AWARDS: The committee will select three outstanding papers to receive competitive research awards of US $3,000 each, based on the quality of research and relevance to the French equity market. THE SCHOOL: The Bourse is centralized, order-driven, and fully- computerized. A complete database published on CD-ROM containing all trades, quotes and orders in all equities is made available on request. PROGRAM COMMITTEE: The members of the program committee are: Yakhov Amihud (New York University), Bruno Biais (University of Toulouse-IDEI, co-chairman of the committee), James Dow (London Business School), Roland Gillet (SLSE-E.LABORES Universit Catholique de Lille), Lawrence Glosten (Columbia University), Christian Gourieroux (CREST), Jacques Hamon (University of Paris- Dauphine), Joel Hasbrouck (New York University), Lawrence Harris (University of Southern California), Pierre Hillion (INSEAD), Bertrand Jacquillat (University of Paris-Dauphine, co-chairman of the committee), Ananth Madhavan (University of Southern California), Maureen O'Hara (Cornell University), Marco Pagano (Universit di Napoli Federico II), Ailsa Roll (London School of Economics), Hans Stoll (Vanderbilt University), Robert A. Schwartz (Stern School of Business, NYU), Chester Spatt (Canergie Mellon University), and Xavier Vives (Institut d'Analisi Economica). DEADLINE: The deadline for submitting papers is June 28, 1996. CONTACT: Authors are encouraged to submit their papers as soon as possible to: Name: Didier Davydoff E-mail: 100633.457(a)compuserve.com Postal: Director of Research & Planning SBF-Paris Bourse 39, rue Cambon 75001 Paris France -- =========================================================================