Tuesday, September 16, 2008 |
| 7:30 a.m. |
Registration Opens |
| 7:30 - 8:15 a.m. |
Continental Breakfast |
| 8:15 a.m. - 8:45 a.m. |
Welcome and Opening Remarks |
 |
Randy Snook
Senior Managing Director, EVP
Securities Industry and Financial Markets Association
www.sifma.org |
| |
The Art of Uncalculated Risk |
 |
Aaron Brown
Risk Manager
AQR Capital Management
www.aqr.com |
| |
Mr. Brown, the author of several books, will discuss the "art" of risk taking and how it plays into financial services and, in particular, trading. |
| 8:45 a.m. - 9:45 a.m. |
Panel Discussion: |
| |
Market Centers & Execution Venues—The Changing Landscape |
 |
Moderator: Brett Redfearn
Global Head of Liquidity
Electronic Client Solutions (ECS)
JPMorgan Chase & Co.
www.jpmorgan.com |
 |
Neal Brady
Managing Director Business Development
CME Group
www.cmegroup.com |
 |
Brian Hyndman
Senior Vice President
NASDAQ OMX
www.nasdaqomx.com |
| |
Murray White
Senior Vice President
NYSE Euronext Advanced Trading Solutions
www.nyx.com |
 |
Lee Olesky
CEO
Tradeweb
www.tradeweb.com |
 |
William White
Managing Director
Lehman Brothers, Inc.
www.lehman.com |
| |
The wave of market structure changes that hit the US markets in the last two years was virtually unprecedented. With Reg NMS and other changes largely behind us, has the structure of US markets finally settled down or can we expect another wave of change? Have we arrived at the post-duopoly world? How many market centers and dark pools do we really need? Do we have enough, too many, or can we expect more? What changes do we anticipate hitting in 2009? Are we heading toward more consolidation, more fragmentation, or are the new themes going to revolve around multi-asset class trading, trans-atlantic/global platforms, or something else? These questions plus more will be addressed in this panel.
|
| 9:45 a.m. - 10:15 a.m. |
Exhibit Hall Refreshment Break |
| 10:15 a.m. - 11:15 a.m. |
Panel Discussion |
| |
Algorithmic Trading: Can Automation Fill The Information Void? |
 |
Moderator Bill Harts
President
Harts & Company
www.hartsandco.com |
 |
Eugene A. Choe
Advanced Execution Services
Credit Suisse
www.credit-suisse.com |
| |
Keith A. Casuccio
Vice President, Electronic Trading
Morgan Stanley Electronic Trading
www.morganstanley.com |
| |
Peter Sheridan
Head of US Algorithmic Trading
Goldman Sachs Execution & Clearing
www.gs.com |
| |
Ruth Colagiuri
Director, Merrill Lynch Head of Algos, Smart Routing and Crossing Products
Merrill Lynch & Co.
www.ml.com |
| |
Changes in the structure of the brokerage business as well as our overall US markets have led to decreasing liquidity information available to investors. Are the traditional sources – traders, sales traders, specialists, and market makers – still at the center of the order flow? Can technology be used to supplant or increase the knowledge of where liquidity resides? This panel will tap the knowledge of several recognized experts in the field of electronic trading to provide the answers. |
| 11:15 a.m. - 12:15 p.m. |
Panel Discussion |
| |
Counterparty Risk |
 |
Moderator Christopher Ferrari
Managing Director
ICAP
www.icap.com |
 |
Peter Axilrod
Managing Director
Depository Trust & Clearing Corporation
www.dtcc.com |
 |
Chip Carver
Executive Vice President
Markit
www.markit.com |
 |
Athanassios Diplas
Managing Director, Chief Risk Officer and Deputy Chief Operating Officer, Global Credit Trading
Deutsche Bank
www.db.com |
| |
Liquidity can be defined in many ways but, for purposes of this discussion, it refers to an asset's ability to be easily converted through an act of buying or selling without causing a significant movement in the price and with minimum loss of value. That said, an unspoken component of that definition is the ability of your counterparty to stand up to the other side of your trade. How is the industry dealing with the increasing pressures on credit lines? Should market utilities determine best practices? Do we have metrics that can objectively evaluate how we are improving or falling behind? How do we mitigate counterparty risk in this new world?
|
| 12:15 p.m. - 1:15 p.m. |
Exhibit Hall Lunch
Hosted by Broadridge Financial Solutions, Inc. www.broadridge.com |
| 1:15 p.m. - 2:15 p.m. |
Innovations In Market Risk and Liquidity Risk Systems |
 |
Moderator Julio Gomez
CEO
Gomez Markets
www.gomezmarkets.com |
 |
Terry Cunningham
CEO
Coral8, Inc.
www.coral8.com |
 |
Don DeLoach
President and CEO
Aleri, Inc.
www.aleri.com |
.jpg) |
Brian Hart
Managing Director
BearingPoint Financial Services
www.bearingpoint.com |
 |
Jay Morreale
First Vice President - Liquidity and Risk Technology
Merrill Lynch & Co.
www.ml.com |
| |
Because of increased volatility in both price and credit characteristics of securities, firms want to improve visibility into their overall market and liquidity risk positions. In this session we will explore how risk management systems are moving closer to transaction origination. The goal is to accelerate the risk metric calculations from periodic "look-back" methods to real-time reporting, and even pre-trade modeling. Innovative approaches and ground-breaking solutions for this critical arena will be discussed. |
| 2:15 p.m. - 2:45 p.m. |
Exhibit Hall Refreshment Break
Hosted by Micro Design Services
www.microdesignservices.com
Motorola www.motorola.com/enterprise |
| 2:45 p.m. - 3:45 p.m. |
Panel Discussion |
| |
Capacity Planning For Trading |
 |
Moderator Eugene Grygo
U.S. Web Editor
Financial News/Dow Jones
www.dowjones.com |
| |
Michael H. Boston
Principal, Trade Support
Group Operations Manager Securities
Bank of America
www.bofasecurities.com |
 |
Jack Winter
Vice President
NYSE Euronext
www.nyx.com |
 |
James Wolstenholme
Research Director
Banking and Investment Services
Gartner Industry Advisory Services
www.gartner.com |
| |
The panel will explore ways to transform capacity planning from a burden into a competitive advantage. What are the formulas and techniques that work best in meeting the demands of ever-increasing volumes? What are the exchanges doing to keep up? What are the main capacity planning concerns for buy-side and sell-side firms? What are the signs of hope in an area laden with pitfalls?
|
| 3:45 p.m. - 4:45 p.m. |
Panel Discussion |
| |
Dominant Alternative Trading Systems |
 |
Moderator Richard Repetto
Principal
Sandler O’Neill Partners, L.P.
www.sandleroneill.com |
 |
Alfred R. Berkeley
Chairman
Pipeline Trading Systems
www.pipelinetrading.com |
 |
Alfred Eskandar
Global Head of Corporate Strategy
Liquidnet, Inc.
www.liquidnet.com |
 |
Chris Heckman
Managing Director
ITG
www.itg.com |
 |
Timothy Mahoney
Chief Executive Officer
Bids Trading L.P.
www.bidstrading.com |
| |
Hear the latest plans of, and challenges seen by, leading alternative trading systems and technology providers. |
| |
|
| 4:45 p.m. |
Conference Adjournment |
SIFMA also thanks the following sponsors for supporting the 2008 North America eTechnology Conference & Exhibit Tote Bags provided by Omgeo LLC www.omgeo.com Wall Street Journals provided by Dow Jones www.dowjones.com Lanyards provided by BondDesk Trading www.bonddeskgroup.com
Contributors:
Consulting Portal, Inc. www.consulting-portal.com
Delta Computer Group www.deltacomputergroup.com
Office Shadow www.office-shadow.com
PAETEC Communications Inc. www.paetec.com
QUODD Financial Information Services www.quodd.com
TeleContinuity, Inc. www.telecontinuity.com
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|