8:00 - 8:30 |
Registration and Continental Breakfast |
8:30 - 8:45 |
Welcome Mark Austen
Managing Director
EPDA/SIFMA |
8:45 - 9:05 |
Derivatives Presentation: Setting the stage
Sabrina Belkadi
Co-Head of Global Listed Derivatives Product Development
Goldman Sachs |
9:05 - 9:45 |
Derivatives The move to multi-asset trading. The need for speed: both transactional and market data. The rise in algorithmic trading. The need for more integration (OMS - EMS). The multi-broker trend - is this coming to the Futures market? The challenges to delivering the technology (silos, organisational challenges, etc.) Moderator: Brian Daly
Managing Director, Head of Listed Derivative Clearing
Morgan Stanley Panellists: Sabrina Belkadi
Co-Head of Global Listed Derivatives Product Development
Goldman Sachs Denis Frances Head of Equities & Derivatives Flow Sales BNP Paribas Steve Grob
Director of Derivatives Products
Fidessa John Wareham Chief Commercial Officer Aspect Capital |
9:45 - 10:30 |
Keynote Address presented by: Nicola Horlick
Chief Executive Officer
Bramdean Asset Management |
10:30 11:00 |
Refreshment Break 10:35 - 10:55 Progress Apama Session (Room A) |
11:00 - 11:20 |
Multi-Asset Trading Platforms: Setting the Stage Bob Giffords Banking & Technology Analyst Independent Consultant The Big Bang of the 80s, made way for economies of scale abolishing fixed commissions on trading shares and saw the investment into new in-house trading technology. With the rise of take overs and acquisitions, companies looked to finance via a medium of financial instruments. Additionally, the growth of private equity and hedge funds has also increased demand for multi-assets ranging from the traditional bonds to alternative products. As the 'new firms' on the street expand into traditional prop trading roles, the increase in competition and ever diminishing margins through greater transparency has lead to a wealth of electronic offerings from multi-dealer platforms. What is the future appetite for a one-stop shop cross-asset solutions platform? |
11:20 - 12:00 |
Multi-Asset Trading Platforms: Fantasy or potential reality?
What is a cross-asset trading platform (CATP)? Why hasn't a CATP emerged in the market place of yet? What are the risks and barriers? What is the next stage in the development of CATP?
Moderator: Bob Giffords Banking & Technology Analyst Independent Consultant Panellists: Jonathan Cooper
Global Head of Fixed Income & FX Sales
TradingScreen Miko Eda Global Head of eCommerce Sales Citi Christophe Marcilloux
Co-Head of the Fixed Income Trading Desk Société Générale Asset Management Chris Marsh European Head of AES Trading & Development Credit Suisse Peter van Kleef
Chief Executive Officer
Lakeview Arbitrage |
12:00 - 13:30 |
Lunch & View Exhibits 12:30 - 13:10 FIX Protocol Session (General Session Room) 12:05 - 12:25 Exhibitor Sessions (Two Streams) 13:05 - 13:25 Exhibitor Sessions (Two Streams) |
13:30 - 13:35 |
FX: Setting the Stage Colin Lambert
Editor
Profit & Loss |
13:35 - 14:05 |
FX Vendor Discussion: An introduction to foreign exchange eCommerce and the key trends currently impacting this market sector. New trading platforms and consolidation (anonymous trading model). New growths areas in FX market: evolving market structure with retail FX. Moderator: Colin Lambert
Editor
Profit & Loss Panellists: David Newns Head of Technical Services Europe Currenex Derek Sammann Head of FX Products, Managing Director CME Group David Woolcock
FXaII |
14:05 - 14:35 |
FX Sellside Discussion Margin / fees; transparency / opaque; single bank / multi-bank - liquidity goes where liquidity is. Increased usage of algorithmic trading and algo execution. Emmergence of agregators: is it a competion for the some of the current platforms? What is the next step? FX Options, Retail, Payments factory, cross asset systems? Increased client demand for trading API and STP, the FIX Protocol offering increased functionality for this asset class to meet this need. What is it? Moderator: Colin Lambert
Editor
Profit & Loss Panellists: James Dalton Director, FX&LM eCommerce Citi Ian Green Managing Director, Global Head of FX Credit Suisse Stéphane Malrait
Managing Director, Head of eCommerce FI & FX
Société Générale Rhomaios Ram
Managing Director, Global Head of eCommerce Sales
Deutsche Bank Takis Spiropoulos
Head of FX e-Commerce Sales & Trading
Merrill Lynch |
14:35 - 15:25 |
Market Turmoil: The economists' view on what went wrong and what we can expect along the road to recovery We'll hear from the leading economists in our industry discussing the factors leading up to the credit crunch, how the market responded and what we can expect to see as the market rebuilds. The panel will cover both the market generally and more specifically how eTrading is effected. They will also speak to what measures need to be taken and are already in place that can prevent this sort of crisis in the future. Moderator: James Hertling Government Editor Bloomberg Panellists: Geoffrey Dicks Chief UK Economist The Royal Bank of Scotland Michael Hampden-Turner Credit Strategy Citi Paul Mortimer-Lee
Global Head of Market Economics
BNP Paribas |
15:25 - 15:55 |
Refreshment Break 15:30 - 15:50 Quod Financial Session (Room A) |
15:55 - 16:40 |
MiFID Securities Trading: Creating a Single Market with Global Impact Over recent months the European trading Environment has witnessed significant change. Market structure has evolved, business practices have been enhanced, barriers to competition have been removed and a growing number of new execution venues have emerged. This session will explore the status and glitches of MiFID implementation across Europe: How up to date is your firm’s passport? What impact on your trading activity and your client relationships? It will include an update from the European Commission and discuss the challenges faced by firms as they seek to conduct security transactions across Europe post-MiFID. This session will also review MiFID in the global marketplace, comparing it with other similar regulations (eg US Reg NMS - Are these regulations twins, cousins or distant relatives?) and will discuss more broadly how MiFID fits in the current EU-US debate on creating a more effective and efficient regulatory regime for transatlantic capital markets transactions, including mutual recognition. Moderator: Bertrand Huet
Managing Director, European Legal and Regulatory Counsel SIFMA Panellists: Chris Bates Partner Clifford Chance Karel Lannoo
Chief Executive Officer
Centre for European Policy Studies Chris Pickles Head of Marketing - Investment Banking & Global Accounts
FIX Protocol Committee Member BT Global Financial Services Laurence White
Seconded National Expert
European Commission |
16:40 - 17:20
|
Hedge Funds Panel How have last summer's events affected the eTrading distribution/prices/liquidity to the HF? Is eTrading is now the best way to channel HF needs? How do HF feel in the different products? Has the gap between the plain vanilla and more complex structure widened? What is the perceived future of the eTrading distribution? Do you find that eTrading offers adequate access to liquidity? Could any improvement in eTrading benefit greater liquidity? How is liquidity today? Is there still room for exchange model in the plain vanilla business? How are new distribution channels such as Liquidity Hub perceived? Are HF interested in market making? What are the next steps for eTrading? What should the next developments be? Is eTrading a way to avoid settlement problems more so than a trading capacity? How will liquidity and the crisis will affect the HF business model? Moderator: Gonzalo Rodriguez Managing Director, Global Head of Liquid Bonds Business Calyon Panellists: Kevin Arnold Managing Director Deutsche Bank Christophe Marcilloux
Co-Head of the Fixed Income Trading Desk Société Générale Asset Management
Diego Megia Principal Elcano Fund Luis Valderrama Executive Director, Chief Investment Office JPMorgan
Sunay Yildiz
Principal Old Bromthom Capital |
17:20 - 17:40 17:40 18:40 -22:30 |
Closing Remarks Cocktail Evening Entertainment & Dinner Jointly hosted by our Conference Sponsors |