TradeTech Europe 2015 (past event)
14 - 15 April, 2015
CNIT, Paris-La Défense, France
Paris, France Contact Us: 1.888.482.6013
15th April- Best execution and new market opportunities
08:30 - 09:10 Continental Breakfast
09:10 - 09:20 Chairperson's Opening Remarks
09:20 - 10:00 Keynote Guest Speaker
As the former director-general of the UK’s Security Service, MI5, where he spent 33 years focusing on international and domestic counter-terrorism and cyber-threats and as a previous member of the Prime Minister’s National Security Council, Jonathan offers insight on governance of systemic threats, cyber security and digital espionage. In his current role as an Independent Non-Executive Director at HSBC, he is in a unique position to draw on his experience of approaches to data security within the public service and the fi nancial sector.
HSBC
Sir Jonathan Evans of Weardale
ex- Director-General, MI5 and Non-Executive Director, HSBCHSBC
10:00 - 10:50 ALL STAR PANEL: How will MiFID II impact dark pool trading and liquidity in 2015?
Speakers:
Mark Hemsley Chief Executive Officer BATS Chi-X Europe
Markus Ferber Member European Parliament
Per Loven Head of Corporate Strategy and Product Management Liquidnet
Brian Schwieger Head of Equities London Stock Exchange
Fabio Braga Senior Associate - Trading Venues Policy Financial Conduct Authority
Moderator:
Robert Kay Head, Surveys and Research Asset International
Mark Hemsley Chief Executive Officer BATS Chi-X Europe
Markus Ferber Member European Parliament
Per Loven Head of Corporate Strategy and Product Management Liquidnet
Brian Schwieger Head of Equities London Stock Exchange
Fabio Braga Senior Associate - Trading Venues Policy Financial Conduct Authority
Moderator:
Robert Kay Head, Surveys and Research Asset International
Don’t miss this powerful discussion addressing the impending MiFID II regulation and it’s impact on equity trading. Discover how all market participants are preparing for this change, implementing strategies to ensure compliance and developing solutions to ensure market stability and liquidity.
» Insight into how to best comply and key factors to consider for new dark pool structures
» Feedback on European caps for dark pool trading and the expected changes to order routing
» How will these caps be executed, managed and controlled in reality
» Evaluating alpha generation through dark pools, liquidity impact and improvements on fragmentation
» Economic confl icts of who are in the dark pools, how many and who is/should be allowed- the role of the venue
Robert Kay
Head, Surveys and ResearchAsset International
10:50 - 11:30 ALL STAR PANEL: Does the silver bullet for block trading exist?
It is hugely important for investors to trade in blocks to reduce market impact and associated transaction and execution costs that benefi t the end-client. However, how can this be done in a manner that all parties trust eachother, and are there good electronic block solutions to assist?
» Effectively trading in blocks in a market that increasingly favours electronic trades: The rise of electronic block matching dimensions
» Convincing internal advocates to commit capital for block trades and developing risk price strategies
» Development of indication of interest (IOIs) and improvements in reliability
» Evaluating the current efforts by venues and brokers to accommodate and help drive block trades in the market: The potential to maintain liquidity through electronic, high touch and portfolio routes
11:30 - 12:10 Refreshments and Networking in the Exhibition Hall
12:10 - 12:25 The ongoing evolution of EU Financial Markets- Future plans for a capital markets union
12:25 - 12:50 INTERVIEW: Debunking Flash Boys - A true industry perspective on HFT
12:50 - 13:30 ALL STAR PANEL: Evaluating the future of crossing networks and the role of venues in assisting best execution
With impending changes to the crossing network model and limitations on execution prices in dark pools, what other venues are emerging, and how will these cope with order fl ow? Discover from key traders what impact these changes have on their trading strategies and execution.
» Evaluation of current cross border and territory regulations and what currently can and can’t be done
» How can cross network trading be normalised?
» Insight in the regulatory bottlenecks for cross network trading and how to best overcome these
» Will cross trading disappear: Overview of key alternative models to cross trading
13:30 - 14:30 Lunch
Stream A: Opportunities in Developed and Emerging Markets
14:30 - 14:40 Chairperson’s Opening Remarks
Stream B: Next Generation Trading Strategies
14:30 - 14:40 Chairperson’s Opening Remarks
Stream C: Interactive Sessions
14:30 - 14:40 Chairperson’s Opening RemarksStream A: Opportunities in Developed and Emerging Markets
14:40 - 15:20 DISCUSSION PANEL: Russia: How to gain a foothold on the market by developing key market relations
Speakers:
Tim McCarthy Managing Director, Co-CIO, Head, International Investment Management VTB Capital Investment Management
Andrey Shemetov Deputy CEO Moscow Exchange
Tim Bevan Managing Director & Head of International Sales BCS Prime Brokerage Limited
Serge Alexandre Head of DMA Sales Otkritie Securities
Matthew Cousens Co-Head AES European Sales Credit Suisse Securities (Europe) Ltd
Moderator:
Rebecca Healey Senior Analyst TABB Group
Tim McCarthy Managing Director, Co-CIO, Head, International Investment Management VTB Capital Investment Management
Andrey Shemetov Deputy CEO Moscow Exchange
Tim Bevan Managing Director & Head of International Sales BCS Prime Brokerage Limited
Serge Alexandre Head of DMA Sales Otkritie Securities
Matthew Cousens Co-Head AES European Sales Credit Suisse Securities (Europe) Ltd
Moderator:
Rebecca Healey Senior Analyst TABB Group
- Understanding the major market differences in trading practice from Europe to Russia
- Approaches to developments in market knowledge cost effectively: Offshore expertise or build internally
- Evaluating what type of stocks are available in these markets
- Understanding what brokers and connections are available and how can these relationships be made and developed
- Insight into key trading regulations and how to ensure the best understanding of the market
- Gaining a true understanding on the restrictions on the currency
- Trading local equities vs depository receipts: unveiling liquidity breakdown and holding structure
Tim McCarthy
Managing Director, Co-CIO, Head, International Investment ManagementVTB Capital Investment Management
Stream B: Next Generation Trading Strategies
14:40 - 15:20 DISCUSSION PANEL: Challenging the impact of increasing market data fees and ensuring transparency in the industryIs controlling the increasing market data costs really improving transparency in the market? Benchmark against a global investment manager and a boutique hedge fund to learn how you can ensure minimal impact on your business yet ensure maintained quality of market data.
» Predictions of how changes in market data fees will drive improved transparency in the industry
» Understand what controls will be in place to ensure transparency, maintain data quality and control revenues
» Impact on fi nancial bottom line for buy side
» Insight into what is commercially viable and acceptable for data providers and venues
Frederic Surry
Head of Equities and Convertibles InvestmentsBNP Paribas Investment Partners
Stream C: Interactive Sessions
14:40 - 15:20 ROUNDTABLE CAFÉS: Expanding your portfolio into new asset classes
Table 1: Fixed Income (Lee Sanders, Head, FX and FI Dealing, AXA Investment Managers)
Table 2: FX (Victor Lebreton, Managing Director, Quant Hedge)
Table 3: Equity Futures (Christoph Hock, Head, Trading, Union Investment)
Table 2: FX (Victor Lebreton, Managing Director, Quant Hedge)
Table 3: Equity Futures (Christoph Hock, Head, Trading, Union Investment)
Stream A: Opportunities in Developed and Emerging Markets
15:20 - 15:40 How to build valuable and necessary relationships when accessing the Turkish market
- Evaluating the role of the brokerage compared to other market brokerages: Execution - Connections that the Turkish exchange have with other venues for improved European - Using DMA in the Turkish market and how this route has altered the types of assets traded
Stream B: Next Generation Trading Strategies
15:20 - 15:40 What is next for the Nordics?To capitilise on the potential of the Nordic market, this interactive discussion panel offers you direct insight from the largest Nordic asset manager on how to tackle the ever changing dynamics in this region, evaluate the impact of the domestic reforms on business strategies, examine deal fl ows and expansion and growth opportunities.
» What types of services can be bought through CSA agreements? By what means do asset managers need to prove the relevance of bought research?
» Understanding the role of technology in facilitating CSA implementation and what are the alternatives to these type of agreements
» Preparing for future implications of increased CSA penetration in the Nordic research market for both the buy and sell side
» Investor opportunities and practical examples of how the exchange can assist
Stream C: Interactive Sessions
15:20 - 15:40 ROUNDTABLE CAFÉS continued15:40 - 16:10 Afternoon Refreshment and Networking in the Exhibition Hall
16:10 - 16:30 How to captilise on the rapid growth of the Sub-Saharan African market
Ayo has been an integral part of developing the new Africa investment arm of Duet Group, with AUM of ~£500 million.. With a specifi c focus on Eastern and Western Africanmarkets, he has been involved in researching African equity markets and played a key role in equity capital markets activity.
» Evaluating what type of stocks are available in these markets
» Understanding what brokers and connections are available and how can these relationships be made and developed
» Insight into key trading regulations and how to ensure the best understanding of the market rules including costs and fees
» Gaining a true understanding on the restrictions on the currency
16:30 - 16:45 Germany- How can you make the most of current partnerships to gain a greater market share
From one of Europe’s leading asset managers, Christoph manages trading activities for the entire portfolio including cash equities, listed and OTC derivatives, funds and ETFs and especially for the equity side in currencies and securities lending, with extensive experience in portfolio management and trading. This interactive session allows you to find solutions to the key challenges and new trading opportunities in the German market,
» Insight into the current state of the market regarding investment opportunities
» Understanding the current state of play for investment banks and the impact of current restructuring
» Better understanding the German equity market regarding liquidity, risk and return
» Investor opportunities and practical examples of how the exchange can assist
16:45 - 17:00 Analysing smart order routing conflicts and gaining more control of execution
Larry shares his unbiased insight in the challenges of the global equity market players. He offers you essential data and market research on confl icts that currently exist within the market and insight on best execution for all market participants.
» Overcoming operational challenges with migrating various platforms to a single platform: Dealing with varying team skill sets and ensuring unifi ed input
» Ensuring clients are signed into the platform to prevent additional costs for onward redirecting of orders
» Evaluating technical challenges and current tools for monitoring best execution