TradeTech FX USA 2017

February 13 - 15, 2017

Eden Roc Nobu Resort, Miami

Contact Us: +44 (0) 207 367 9576

Day 1- Tuesday February 14th 2017

Expand All Sessions [+] Collapse All Sessions [-]

7:45 AM Conference Registration & Networking Breakfast

8:35 AM Welcome Address

Oliver Kirkbright, TradeTech FX USA Director, WBR

Oliver Kirkbright
TradeTech FX USA Director
WBR

8:40 AM Speed Networking

8:45 AM Chairperson's Opening Remarks

Michael Melvin, Professor, Rady School of Management

 Michael Melvin
Michael Melvin
Professor
Rady School of Management
Michael Melvin joined the Rady School in 2016 to teach and coordinate the new Master of Finance program. Prior to his return to academia, he spent many years at BlackRock and Barclays Global Investors (BGI). At BlackRock and BGI, he led research-oriented currency and fixed income investment teams. Most recently he was a Managing Director in the Mu ...[Read More]

Re-defining Traditional Boundaries
8:50 AM All Star Panel: The blueprint for success- What elements are crucial to create a highly streamlined FX trading business in a rapidly evolving FX market structure?

Mike S. Harris, President, Campbell and Company

Asif Rasaq, Global Head of FX Algo Executions, BNP Paribas

Christopher Matsko, Head of FX Trading Services, Portware

Ruben Costa-Santos, Head of FX, ITG

Moderated By:
Michael Melvin
, Professor, Rady School of Management

  • Adapting to a world of reduced risk appetite and increasingly volatile markets- What strategies can you exploit to ensure you are keeping abreast of challenging market conditions?
  • Technology is a ‘must have’ to improve your FX trading capabilities-How should you integrate it with your current FX trading workflow?
  • Building the ideal desk- How should you set up your internal structures to maximize workflow efficiency and streamline your FX operations?
  • How can the full FX value chain become more harmonized to achieve a better, more coherent market structure which can promote progression across the full FX spectrum?
 Mike S. Harris
Mike S. Harris
President
Campbell and Company
Mr. Harris joined Campbell & Company in July 2000 and was appointed President in October 2012. Mr. Harris formerly held the positions of Deputy Manager of Trading in 2004, Director of Trading in 2006, and was appointed to the firm’s Investment Committee in March 2010. Mr. Harris was also elected to the Board of Directors in 2012 and has been a memb ...[Read More]

 Asif Rasaq
Asif Rasaq
Global Head of FX Algo Executions
BNP Paribas
Asif is an experienced FX Algo Trader who has over 12 years of experience in developing electronic trading platforms. He has a MSc in Artificial Intelligence and has joined BNP Paribas from Citi, where he worked on various initiatives including eFX pricing engines and algorithmic trading. Utilising his experience in artificial intelligence, he has ...[Read More]

 Christopher Matsko
Christopher Matsko
Head of FX Trading Services
Portware
Christopher Matsko is the Head of FX Trading Services at Portware, a multi-asset EMS specializing in trade automation and execution. He is responsible for overseeing all facets of the firm’s global FX business, which includes guiding Portware FX clients through an increasingly complex regulatory environment that demands real-time analytics, transa ...[Read More]

 Ruben Costa-Santos
Ruben Costa-Santos
Head of FX
ITG
Ruben Costa-Santos is the head of FX at ITG, a leading independent broker and financial technology provider, where he oversees foreign exchange activity across the Analytics, Execution, and Workflow Technology divisions. Previously Ruben worked at Deutsche Bank, where among other roles he served as head of FX Client Platforms for the Americas, res ...[Read More]

Moderated By:

 Michael Melvin
Michael Melvin
Professor
Rady School of Management
Michael Melvin joined the Rady School in 2016 to teach and coordinate the new Master of Finance program. Prior to his return to academia, he spent many years at BlackRock and Barclays Global Investors (BGI). At BlackRock and BGI, he led research-oriented currency and fixed income investment teams. Most recently he was a Managing Director in the Mu ...[Read More]

9:30 AM Sell Side Keynote: Liquidity Aggregation, Execution Risk And Transaction Cost Analysis For FX Spot

Roel Oomen, Global co-Head of Electronic FX Spot Trading, Deutsche Bank

  • How do you select the liquidity providers to include in your aggregator?

  • Understanding the impact of trading style on transaction costs, market impact and execution risk

  • Evaluating the merits of “last look” vs “firm” liquidity

  • Evaluating the merits of agency, principal and hybrid algos

 Roel Oomen
Roel Oomen
Global co-Head of Electronic FX Spot Trading
Deutsche Bank
Roel is the global co-head of electronic FX spot trading at Deutsche Bank. He started his industry career as a quant in cash equity algo trading in 2006. Prior to that he was in academics, most recently as a tenured associate professor of finance at the Warwick Business School. Roel holds a PhD in econometrics, is a senior research fellow at the Lo ...[Read More]

10:00 AM All Star Panel: How are non-bank liquidity providers approaching FX markets and what are the implications on your FX business?

Moderated By:
Kevin McPartland
, Head of Market Structure Research, Greenwich Associates

Michael Cahill, FX Market Trading, KCG

Kevin Kimmel, Global Head of eFX, Citadel Securities

David Mercer, Chief Executive Officer, LMAX Exchange

Alex Sedgwick, Vice President, Fixed Income Market Structure, T. Rowe Price

  •  The evolution of non-bank liquidity- What is the value proposition of non-bank liquidity providers and how can you benefit from this?
  •  How do non-bank liquidity providers structure their models to offer a tailored service to the buy side?
  •  Does the credit risk outweigh the benefits of using non-traditional market makers?
  •  Are the non-bank liquidity providers working with or providing direct competition to the sell side?
  •  How can non-bank liquidity providers survive major 'black swan' events if they are now taking up the role of risk takers and market makers?
 Michael Cahill
Michael Cahill
FX Market Trading
KCG
Michael Cahill is the head of FX relationship management at KCG where he is responsible for leading the firm’s efforts in expanding its FX client footprint. He is a part of KCG’s leading principal FX market making team with a solid track record of delivering deep liquidity and best in class market intelligence with unmatched performance to transac ...[Read More]

 Kevin Kimmel
Kevin Kimmel
Global Head of eFX
Citadel Securities
Kevin Kimmel manages the FX business at Citadel Securities. Prior to this role he led the firm’s Equities client algo business. Before joining Citadel Securities, Kevin worked on cross asset strategy at J.P. Morgan with a focus on building out the firm’s electronic trading capabilities. In this position he worked with the firm’s leaders to invest ...[Read More]

 David Mercer
David Mercer
Chief Executive Officer
LMAX Exchange

David Mercer is the Chief Executive of LMAX Exchange, the leading MTF for FX, authorised and regulated by the FCA. A former banking executive and currency specialist, David Mercer joined as chief executive in 2011 and in 2013 successfully completed the LMAX Exchange MBO. Over the last 5 years, David has transformed LMAX Exchange into one of th ...[Read More]

 Alex Sedgwick
Alex Sedgwick
Vice President, Fixed Income Market Structure
T. Rowe Price
Alex Sedgwick is a market structure analyst in Fixed Income Trading at T. Rowe Price. Mr. Sedgwick is responsible for performing custom research and analysis pertaining to market structure, liquidity, and trade cost/execution analysis across the various fixed income sectors. He is a vice president of T. Rowe Price Associates, Inc. Mr. Sedgwick has ...[Read More]

Moderated By:

 Kevin McPartland
Kevin McPartland
Head of Market Structure Research
Greenwich Associates
Kevin McPartland heads up the Market Structure and Technology practice at Greenwich Associates. He has 15 years of capital markets industry experience with deep regulatory and technology expertise in fixed income, FX, and equity markets. Kevin has presented at a wide range of industry conferences and is quoted regularly in financial media including ...[Read More]

10:40 AM Morning Refreshment Break

New Frontiers in FX
11:20 AM BIS Keynote: Phase 2 recommendations for code of conduct- What are the best practice guidelines you need to follow and how can you practically implement them in practice?

David Puth, Chief Executive Officer, CLS Bank International

  • A regulatory update on the plans by the CFTC Division of Clearing and Risk- Where are the current clearing proposals up to and how will you be impacted?
  • Margins for uncleared trades- What are the next ‘phased in’ periods and when will these come into force?
  • What impact will margin variation rules have on the buy side- Do the benefits outweigh the additional costs?
  • How will the later implementation date in Europe impact cross border compliance and could this lead to an uncompetitive global landscape?
  • What impact will the new clearing mandate have on the FX market structure once these changes are fully implemented?
 David Puth
David Puth
Chief Executive Officer
CLS Bank International
David Puth joined CLS as CEO in August 2012 and is a member of the Board of CLS Group Holdings. In addition to his role at CLS, Mr. Puth chairs the Market Participants Group, established to work with the Bank for International Settlements (BIS) Foreign Exchange Working Group (FXWG) in strengthening code of conduct standards and principles in foreig ...[Read More]

11:40 PM Oxford Style Debate: True or False- Creating a consolidated tape in FX will become a reality in the next 5 years

Moderated By:
Kevin McPartland
, Head of Market Structure Research, Greenwich Associates

Manuel Garcia, Managing Director, OceanQuant Group

Isaac Lieberman, President and CEO, Aston Capital Management

Darren Jer, CEO and Co-Founder, Market Factory

Andrew Silverman, Managing Director, Global Head of Morgan Stanley Electronic Trading, Morgan Stanley

  •  Outlining the pros and cons- What are the benefits and drawbacks of setting up a consolidated tape in FX?
  •  Do FX markets have the need for a consolidated tape to improve transparency and create fairer market conditions?
  •  Is there sufficient technology in FX to now push a consolidated tape or do FX markets still have to innovate further before this becomes a reality?
  •  Is it realistic to engage all market participants to report to one tape and have one central repository and if so who would initiate this change?
  •  Will the release of the code of conduct and ongoing regulation help push FX markets towards a consolidated tape?

 Manuel Garcia
Manuel Garcia
Managing Director
OceanQuant Group
Manuel Aarón Fajardo García is the former director and chief hedge fund manager of Proteus Multistrategy Fund Ltd (a Cayman Islands-administered private investment fund), which was the predecessor to the Calypso Hedge Fund which he directs. He is currently the principal and chief executive officer of the Investment Manager, Ocean Capital Advisors ...[Read More]

 Isaac Lieberman
Isaac Lieberman
President and CEO
Aston Capital Management
Isaac Lieberman founded Aston Capital Management as a quantitative hedge fund in November 2013. As a veteran trader of proprietary quantitative strategies, Isaac has more than 20 years of experience trading in global FX and fixed income markets. Prior to founding ACM, Isaac was Managing Director at J.P. Morgan where he was the Head of Algorithmic T ...[Read More]

 Darren Jer
Darren Jer
CEO and Co-Founder
Market Factory
Darren has led sales and operations in the financial services markets for over a decade. He co-founded MarketFactory with a vision of providing clean, fast code to the FX market, following his role as Head of New Business Sales Americas for EBS / ICAP. Prior to joining EBS, he was a Sales Executive for IBM Wall Street accounts. His BA in English a ...[Read More]

Andrew Silverman
Managing Director, Global Head of Morgan Stanley Electronic Trading
Morgan Stanley

Moderated By:

 Kevin McPartland
Kevin McPartland
Head of Market Structure Research
Greenwich Associates
Kevin McPartland heads up the Market Structure and Technology practice at Greenwich Associates. He has 15 years of capital markets industry experience with deep regulatory and technology expertise in fixed income, FX, and equity markets. Kevin has presented at a wide range of industry conferences and is quoted regularly in financial media including ...[Read More]

Networking Lunch

12:20 PM Networking Lunch

Exclusive Invite Only Buy Side Think-Tank

Exclusive Invite Only Buy Side Think-Tank: How can the buy side better collaborate to drive mutually beneficial initiatives forward

Moderated By:
Mike S. Harris
, President, Campbell and Company

Pamela Gachara, Manager, Markets Team, The Investment Association

Open to 15 Global Heads of Trading from North America’s top 20 asset managers

Lunch will be served during this session


 Pamela Gachara
Pamela Gachara
Manager, Markets Team
The Investment Association

Moderated By:

 Mike S. Harris
Mike S. Harris
President
Campbell and Company
Mr. Harris joined Campbell & Company in July 2000 and was appointed President in October 2012. Mr. Harris formerly held the positions of Deputy Manager of Trading in 2004, Director of Trading in 2006, and was appointed to the firm’s Investment Committee in March 2010. Mr. Harris was also elected to the Board of Directors in 2012 and has been a memb ...[Read More]

Track A: Maximising Your Chances of Best Execution

2:00 PM 360 Perspective: FX Best Ex strategy selection- How can you establish when to use different execution strategies to meet your best execution needs?

Paul Shahied, Senior Foreign Exchange Trader, Fidelity Investments

Paul Aston, CEO, Tixall Global Advisors

Zoran Mavrinac, Senior MD, Curex Group

Moderated By:
Pete Eggleston
, CEO, BestX

James Cochrane, Head of Institutional Investor Sales, Americas, 360T

  •  Clarifying best execution- What really is the best investment process, what practices can you follow and how can you prove it?
  •  Strategy selection- How can you fully understand what is the right strategy for the right environment?
  •  Bilateral vs. automated execution- How can you establish which method of execution is best suited for certain market conditions?
  •  Risk transfer vs. Algos- What tools are available and essential to help you meet your best execution obligations?
  •  Delivering liquidity- How are the sell side overcoming their liquidity constraints to continue to offer a reliable service to the buy side in order for them to meet their best execution needs? 

 Paul Shahied
Paul Shahied
Senior Foreign Exchange Trader
Fidelity Investments
Paul Shahied, CMT, has worked on Wall Street for 18 years with experience in fixed income, equities, commodities, and foreign exchange markets. He began his career on the sell side, working at Merrill Lynch and then Lehman Brothers where he managed the FX e-commerce trading business and was a liquidity provider on the spot desk.

He
...[Read More]

 Paul Aston
Paul Aston
CEO
Tixall Global Advisors
Paul has worked in the financial industry since 1994, specializing in quantitative finance for multi‐asset strategies, including currency. Throughout his career he has held positions on both the buy and sell sides of the industry, cultivating unique experiences, expertise and insights as a quantitative strategist, portfolio manager, trader and sale ...[Read More]

 Zoran Mavrinac
Zoran Mavrinac
Senior MD
Curex Group
Zoran Mavrinac is a Senior Managing Director of Cürex Group with responsibility for Cürex’s FX ECN as well as financial product design and support. Zoran has over 30 years of experience in the FX market and has served as Chief Dealer at Republic National Bank, Credit Suisse and Westdeutsche Landesbank before heading liquidity management, prime serv ...[Read More]

 James Cochrane
James Cochrane
Head of Institutional Investor Sales, Americas
360T
Jim Cochrane is Head of Institutional Sales for the Americas at 360T. Prior to this role he was a Managing Director in the ITG Analytical Products and Research group, focusing on FX TCA. Throughout his career he has advised senior decision-makers regarding currency risks in the 5.3-trillion dollar FX market and military commanders regarding country ...[Read More]

Moderated By:

Pete Eggleston was previously at Morgan Stanley, joining in August 2010 to set up the Quantitative Solutions & Innovations (QSI) team within the Fixed Income Division, a client-facing quantitative group that sought to add value to client investment processes through the delivery of TCA and execution analytics, algorithmic products and bespoke proje ...[Read More]

Track B: Preparing For Additional Clearing And Margin Requirements

360 Perspective: Variation margin rules- How can you prepare now to ensure you have the additional capital and infrastructure required to make meet these daily margin calls?

Stephen Humanick, Of Counsel, Covington and Burling

Moderated By:
Victoria Cumings
, Managing Director, Americas- Global FX Division, SIFMA

Mayra Rodriguez Valladares, Managing Principal, MRV Associates

Collin Crownover, Senior Managing Director, Head of Currency Management, State Street Global Advisors

  •  How are the new margin rules being implemented across both the buy and sell side?
  •  What impact will the new variation requirements have on both buy side and sell side business models and how can you minimize the negative impact of this?
  •  Do the benefits outweigh the additional costs associated with the new variation requirements?
  •  Will the new requirements have the desired effects to make un-cleared transactions safe?
 Stephen Humanick
Stephen Humanick
Of Counsel
Covington and Burling
Stephen M. Humenik leads Covington’s futures and derivatives practice. He has extensive experience on cross-border regulatory, compliance and enforcement matters involving the U.S. Commodity Futures Trading Commission (CFTC) and markets for derivatives and physical and financial commodities. Mr. Humenik applies his business, operational, and govern ...[Read More]

 Mayra Rodriguez Valladares
Mayra Rodriguez Valladares
Managing Principal
MRV Associates
Mayra is a highly motivated business professional, who has 25 years of financial regulatory, FX, and energy markets experience. She has held roles at the Federal Reserve Bank of New York and JP Morgan, and is now drawing on this experience as a consultant and trainer to offer investment professionals across the globe e full clarity on Dodd Frank an ...[Read More]

 Collin Crownover
Collin Crownover
Senior Managing Director, Head of Currency Management
State Street Global Advisors
Collin is a Senior Managing Director and Head of Currency Management globally for State Street Global Advisors. His responsibilities include the management and development of active, dynamic and passive currency strategies for SSgA's clients. Collin is also the Head of Research for the Fixed Income, Cash and Currency (FICC) Group as well as the Cha ...[Read More]

Moderated By:

 Victoria Cumings
Victoria Cumings
Managing Director, Americas- Global FX Division
SIFMA
Victoria Cumings is with the Global Foreign Exchange Division of the Global Financial Markets Association (GFMA), an industry trade association, where she is responsible for regulatory issues in the Americas impacting the foreign exchange market as well as global projects in areas including margin, capital and clearing. Victoria was previously wi ...[Read More]

Track C: Grasping The 2017 Political Landscape

360 Perspective: Geo-political investment trends- How can you exploit political drivers in the US, Europe and Asia for your FX portfolio?

Moderated By:
Michael Melvin
, Professor, Rady School of Management

Steven Englander, Managing Director, Head of G10 FX Strategy, Citibank

Marc Chandler, Head of FX Strategy, Brown Brothers Harriman

Paresh Upadhyaya, Director of Currency Strategy, Pioneer Investments

  •  What major events in 2017 will have the biggest impact on FX markets and how can you set up a winning strategy to capitalize on these?
  •  What do the major elections in Europe mean for the Eurozone on the back of Brexit- Is there a risk of further break-up?
  •  Geo-political landscape from a risk management perspective- How can you structure a profitable portfolio on top of this?
  •  Learning from past events- How can you use lessons from recent political events to best handle the unbalanced risks associated with major events in 2017?
 Steven Englander
Steven Englander
Managing Director, Head of G10 FX Strategy
Citibank
Dr. Steven Englander is Managing Director and Global Head of G10 Strategy at Citi. He returned to Citi in April of 2010. The Citi FX Strategy team has been named the #1 FX Strategy team by FX Week and Euromoney. Steve publishes frequently in CitiFX Strategy publications and is a frequent consultant to Citi's internal and external clients on how mac ...[Read More]

 Marc Chandler
Marc Chandler
Head of FX Strategy
Brown Brothers Harriman
Marc Chandler has 30 years of experience in the FX market, starting his current role at BBH in 2005 as Global Head Of Currency Strategy. His current research projects include global imbalance and the relationship between savings, investment and growth. Marc is often called upon to provide macro-economic expertise on CNBC and Bloomberg amongst other ...[Read More]

 Paresh Upadhyaya
Paresh Upadhyaya
Director of Currency Strategy
Pioneer Investments
Paresh Upadhyaya is Senior Vice President and Portfolio Manager of Pioneer Global Multisector Income Fund. He also leads Pioneer Investments’ currency research effort out of Boston and serves as an advisor to the firm’s global fixed income and equity investment staff on currency-related issues. In addition, he helps lead sovereign credit analysis a ...[Read More]

Moderated By:

 Michael Melvin
Michael Melvin
Professor
Rady School of Management
Michael Melvin joined the Rady School in 2016 to teach and coordinate the new Master of Finance program. Prior to his return to academia, he spent many years at BlackRock and Barclays Global Investors (BGI). At BlackRock and BGI, he led research-oriented currency and fixed income investment teams. Most recently he was a Managing Director in the Mu ...[Read More]

Track D: Small Interactive Boardrooms and Workshops

Synergy Workshop: Synergy Workshop: Addressing the lack of depth in liquidity- How can you utilize TCA and algos to maximize your access to liquidity and demonstrate Best Ex?

Alex Shterenberg, Head of eFX Trading North America, Global Head of FX Algos, Bank of America Merrill Lynch

Vadim Iaralov, Global Research, G10 FX, Bank of America Merrill Lynch

  • Understanding FX liquidity- Is the lack of depth in liquidity the norm or could conditions improve in the future?
  • How do you find liquidity and make informed trading decisions on the back of volatile markets to maximize your chances of best execution?
  • Deep liquidity vs. recycled liquidity- How can you ensure you are getting access to the right pools of liquidity and not just ‘recycled liquidity’? 
  • What technology can you utilize to overcome liquidity shortages and thrive in this new environment?
Alex Shterenberg
Head of eFX Trading North America, Global Head of FX Algos
Bank of America Merrill Lynch

 Vadim Iaralov
Vadim Iaralov
Global Research, G10 FX
Bank of America Merrill Lynch

Track A: Maximising Your Chances of Best Execution

2:50 PM Fireside Chat: The Buy Side Trader’s Daily Juggling Act – How are traders optimizing for best execution and regulatory challenges in 2017?

Moderated By:
Michael DuCharme
, Head of Currency Strategy, Russell Investments

Vikas Srivastava, Managing Director of Business Development, Integral

Joseph Hoffman, CFA, Director, Global Head of Currency, Russell Investments

Venkat Krishnan, CFA, Director, KPMG

  • Credit Consolidation – Why are some leading buyside firms looking to consolidate counterparties to help them tackle upcoming uncleared margin rules?
  • Is there a way to consolidate credit without compromising best execution?
  • Execution – How do you access non-bank liquidity without a mountain of paperwork?
  • How do your peers derive value from multi-bank algorithms vs a single-bank algorithm?
  • C2C Trading – How to make Client-to-Client trading at the mid-rate a realistic part of your workflow?
 Vikas Srivastava
Vikas Srivastava
Managing Director of Business Development
Integral
Vikas Srivastava joined Integral in October 2010. Prior to joining Integral, spent ten years at Citigroup in New York in numerous senior management positions, leaving as its global head of e-commerce for the fixed income division. In this role, he was responsible for building and distributing electronic execution products and services across all fi ...[Read More]

 Joseph Hoffman
Joseph Hoffman
CFA, Director, Global Head of Currency
Russell Investments
Joe Hoffman is the Director, Global Head of Currency for Russell Investments Implementation Services, LLC, responsible for managing Russell Investments’ currency management business. Joe’s team develops strategies for reducing currency transaction costs and managing portfolio currency risk to meet the foreign exchange needs of external clients and ...[Read More]

 Venkat Krishnan
Venkat Krishnan
CFA, Director
KPMG
Venkat Krishnan is Director at KPMG Management consulting advisory practice focused on buy-side Front & Middle Office transformation. Venkat advises large asset managers and hedge funds in various aspects of transformation – from vendor & service provider selection to implementation & change management. He has 12+ years of experience in successfull ...[Read More]

Moderated By:

 Michael DuCharme
Michael DuCharme
Head of Currency Strategy
Russell Investments
Michael DuCharme is Head of Currency Strategy for Russell Investments Implementation Services, LLC, responsible for developing implementation strategies to reduce currency transaction costs, minimize operational risk, and ease workloads for Russell Investments’ currency clients.
Michael wrote “First Steps in Foreign Exchange Transaction Cos
...[Read More]

Track B: Preparing For Additional Clearing And Margin Requirements

360 Perspective: The impact of changing global regulation on traditional FX market structure- How is this likely to evolve going forward?

Mayra Rodriguez Valladares, Managing Principal, MRV Associates

Dan Viola, Partner, Sadis and Goldberg

Michael Koegler, Principal, ViableMKTS

Howard Tai, Senior Analyst, Aite Group

  • Clearing houses- How do they see regulation driving their business and how will they disintermediate?
  • What are the alternative models for clearing and who can provide a reliable clearing service under the new requirements?
  • What are the economic benefits to clearing vs not clearing certain DX products?
  • Voluntary clearing- Will market participants now voluntarily clear FX products that do not fall under clearing requirements?
  • What will the knock on effects with the new guidelines and will the buy side favour certain strategies over others to mitigate this?

 Mayra Rodriguez Valladares
Mayra Rodriguez Valladares
Managing Principal
MRV Associates
Mayra is a highly motivated business professional, who has 25 years of financial regulatory, FX, and energy markets experience. She has held roles at the Federal Reserve Bank of New York and JP Morgan, and is now drawing on this experience as a consultant and trainer to offer investment professionals across the globe e full clarity on Dodd Frank an ...[Read More]

 Dan Viola
Dan Viola
Partner
Sadis and Goldberg
Daniel G. Viola is the Head of the Regulatory and Compliance Group.  He structures and organizes broker-dealers, investment advisers, funds and regularly counsels investment professionals in connection with regulatory and corporate matters.  Mr. Viola served as a Senior Compliance Examiner for the Northeast Regional Office of the SEC, where he work ...[Read More]

 Michael Koegler
Michael Koegler
Principal
ViableMKTS

 Howard Tai
Howard Tai
Senior Analyst
Aite Group
Howard Tai is a senior analyst with Aite Group, focusing on derivatives products, multi-asset class investment, and risk management strategies, as well as the role of electronic trading in currency, equity derivatives, convertible securities, and equities.

Mr. Tai brings to Aite Group more than 25 years of investment experience acro
...[Read More]

Track C: Grasping The 2017 Political Landscape

Industry Perspective: Brexit ramifications- What are the tail risks of Brexit that will affect your FX investments in the medium to long term?

Paul Mortimer- Lee, Global Head of Market Economics, BNP Paribas

  • Will the EU market no longer be ‘single’ and become more of a tiered market on the back of Brexit?
  • London’s crown jewel- Can London realistically remain the global FX capital on the back of Brexit?
  • What are the implications of Brexit on Europe and the periphery- Are we heading for further economic downturn?
  • Risk of contagion- Could other EU members follow suit and leave the EU in light of Brexit?
  • What is the outlook for the pound and the Euro in 2017 and how can you best manage the risks associated with the two currencies
 Paul Mortimer- Lee
Paul Mortimer- Lee
Global Head of Market Economics
BNP Paribas

Throughout Paul’s career, which includes roles at the Bank of England, and International Monetary Fund, his interests include monetary policy and its interrelationship with markets and the economy. This has also been a key focus in his current role at BNP Paribas. During his keynote presentation,Pa ...[Read More]

Track D: Small Interactive Boardrooms and Workshops

Session continues

Session Continues

Track A: Maximising Your Chances of Best Execution

3:00 PM 360 Perspective: More than just box ticking- How to use your FX TCA throughout the trade life cycle to maximize your chances of best execution

Moderated By:
Kevin McPartland
, Head of Market Structure Research, Greenwich Associates

Petra Wilkstrom, Global Head of FX Execution and Alpha Solutions, BNP Paribas

Susan Gammage, Head of FX Transaction Sales, Americas, Financial and Risk, Thomson Reuters

Brent Michaels, Vice President, Currency Management, State Street Global Markets Currency Management

Francisco J Heredia, ., Independent Expert

Peter Durkan, CEO, Lucera

  • Realizing the benefits of FX TCA during the full trade life cycle- How can you maximize the value of your current TCA system?
  • Fuelling your TCA- Where can you find reliable data and how can you establish the good from the bad to ensure a more dependable TCA offering?
  • How can you prove to your end clients that your TCA methodology is best suited and guaranteed to prove best execution?
  • FX vs Equities TCA- Why is the equities TCA methodology flawed for FX and how can FX TCA catch up to equities TCA standards?
  • How can the current FX TCA methodologies be improved for the future to satisfy your best execution needs?
 Petra Wilkstrom
Petra Wilkstrom
Global Head of FX Execution and Alpha Solutions
BNP Paribas
Petra Wikström, Global Head of FX Execution & Alpha Solutions, joined BNP Paribas in 2014. She is part of developing the bank’s pre- and post-trade transaction cost analysis and quantitative investment analysis directed to institutional investors globally.  Specifically the team delivers bespoke analysis on topics such as currency benchmarks, hedge ...[Read More]

 Susan Gammage
Susan Gammage
Head of FX Transaction Sales, Americas, Financial and Risk
Thomson Reuters

Susan Gammage is the Head of FX Transaction Sales, Americas for the Thomson Reuters Financial and Risk division.  She has over 20 years of experience in the foreign exchange markets and joined FX all from Citibank in 2011 where she had been the Global Head of E Commerce. Susan started her career at Thomson Reuters where she hel ...[Read More]

 Brent Michaels
Brent Michaels
Vice President, Currency Management
State Street Global Markets Currency Management

 Francisco J Heredia
Francisco J Heredia
.
Independent Expert
Senior financial services executive with broad experience in electronic foreign exchange. Exceptional track-record for establishing relationships in real-money institutional accounts in the U.S., Canada, Bermuda, and Latin America. From September 2011 until October of 2015 Mr. Heredia was a founding partner of Molten Markets, when the firm was sold ...[Read More]

 Peter Durkan
Peter Durkan
CEO
Lucera
Peter is the Chief Executive Officer and co-founder of Lucera. He formerly held senior technology and trading roles at First Derivatives and Cantor Fitzgerald as Director of Technology for HFT. During his career he has architected and built many large scale trading and analysis platforms and continues to be actively involved in system architecture ...[Read More]

Moderated By:

 Kevin McPartland
Kevin McPartland
Head of Market Structure Research
Greenwich Associates
Kevin McPartland heads up the Market Structure and Technology practice at Greenwich Associates. He has 15 years of capital markets industry experience with deep regulatory and technology expertise in fixed income, FX, and equity markets. Kevin has presented at a wide range of industry conferences and is quoted regularly in financial media including ...[Read More]

Track B: Preparing For Additional Clearing And Margin Requirements

Session Continued

Track C: Grasping The 2017 Political Landscape

Global Currency Roundtables: Breaking down geo-political boundaries – All you need to know to about currency trends to meet your investment objectives across global jurisdictions

Marc Chandler, Head of FX Strategy, Brown Brothers Harriman

Steven Englander, Managing Director, Head of G10 FX Strategy, Citibank

Michael Melvin, Professor, Rady School of Management

Lee Ferridge, Head of Macro Strategy North America, State Street Global Markets

Join these informal, locality specific roundtables hosted by one individual expert in that jurisdiction. This is your chance to quiz a market expert on where the opportunities lie in a continent of your choice, and the implications this will have on currency investing. Each roundtable is limited to 10 buy side to entice an interactive, open discussion.

Drill down on the major macro indicators affecting each jurisdiction:

USA Roundtable
  • What impact will the new US Presidential election have on US capital markets? 
  • Hosted by Marc Chandler, Head of FX Strategy, Brown Brothers Harriman

Europe Roundtable
  • What does Brexit mean for the European investment landscape? 
  • Hosted by Lee Ferridge, Head of Macro Strategy North America, State Street Global Markets
China Roundtable
  • How big a risk is exposure to Chinese domestic markets in light of recent instability? 
  • Hosted by Steven Englander, Managing Director, Head of G10 FX Strategy, Citibank
EM Roundtable
  • Are emerging markets finally set to rally significantly in 2017? Hosted by Michael Melvin, Master of Finance, Academic Coordinator, Rady School of Management, UCSD
 Marc Chandler
Marc Chandler
Head of FX Strategy
Brown Brothers Harriman
Marc Chandler has 30 years of experience in the FX market, starting his current role at BBH in 2005 as Global Head Of Currency Strategy. His current research projects include global imbalance and the relationship between savings, investment and growth. Marc is often called upon to provide macro-economic expertise on CNBC and Bloomberg amongst other ...[Read More]

 Steven Englander
Steven Englander
Managing Director, Head of G10 FX Strategy
Citibank
Dr. Steven Englander is Managing Director and Global Head of G10 Strategy at Citi. He returned to Citi in April of 2010. The Citi FX Strategy team has been named the #1 FX Strategy team by FX Week and Euromoney. Steve publishes frequently in CitiFX Strategy publications and is a frequent consultant to Citi's internal and external clients on how mac ...[Read More]

 Michael Melvin
Michael Melvin
Professor
Rady School of Management
Michael Melvin joined the Rady School in 2016 to teach and coordinate the new Master of Finance program. Prior to his return to academia, he spent many years at BlackRock and Barclays Global Investors (BGI). At BlackRock and BGI, he led research-oriented currency and fixed income investment teams. Most recently he was a Managing Director in the Mu ...[Read More]

 Lee Ferridge
Lee Ferridge
Head of Macro Strategy North America
State Street Global Markets
Lee Ferridge is a managing director and the North American head of Multi-Asset Strategy for State Street Global Markets. Mr. Ferridge and his team formulate foreign exchange, fixed income and equity market views for State Street’s range of clients using unique proprietary flow indicators. Originally from the UK, he is now based permanently in Bosto ...[Read More]

Track D: Small Interactive Boardrooms and Workshops

Session continues

Session continues

3:40 PM Afternoon Refreshment Break

Track A: Maximising Your Chances of Best Execution

4:10 PM 360 Perspective: Accelerating your algo capabilities- What are the standards you should expect from FX algos to best meet your best execution needs?

Moderated By:
Kevin McPartland
, Head of Market Structure Research, Greenwich Associates

Danielle Caravetta, Director of Global Sales, Pragma

Steven List, Head Trader, Alpha Simplex

Thomas Gentile, Head of FX, Crabel Capital Management

Pamela Gachara, Manager, Markets Team, The Investment Association

  • Adding algos to your execution process - How can you make more informed decisions when selecting what algos to use and when?
  • Principal vs Agency Algos - What are the differences between the two offerings and when can you use them?
  • Differentiation-How can you establish the differences between different sets of algos from different providers?
  • Implementing algos to your trading processes- How do you source algos, measure their performance, and establish the best times to use them?
  • Is the increased usage of algo trading diminishing the relationship element between buy side and sell side?
 Danielle Caravetta
Danielle Caravetta
Director of Global Sales
Pragma
Danielle is the Director of Institutional Sales for Pragma, responsible for the global sales initiative for Pragma’s multi-asset, independent quantitative trading technology solutions. Prior to joining Pragma in 2013 she was a Director within the Advanced Execution Services division at Credit Suisse and responsible for sales in the Americas for the ...[Read More]

 Steven List
Steven List
Head Trader
Alpha Simplex
As Head Trader of AlphaSimplex, Mr. List leads the firm’s trading desk. He has over 25 years of industry experience, with more than 20 years of experience trading for hedge funds, having worked across all time zones trading the full range of financial instruments.

Mr. List joined AlphaSimplex in 2009. Previously, he was the Senior T
...[Read More]

Thomas Gentile
Head of FX
Crabel Capital Management

 Pamela Gachara
Pamela Gachara
Manager, Markets Team
The Investment Association

Moderated By:

 Kevin McPartland
Kevin McPartland
Head of Market Structure Research
Greenwich Associates
Kevin McPartland heads up the Market Structure and Technology practice at Greenwich Associates. He has 15 years of capital markets industry experience with deep regulatory and technology expertise in fixed income, FX, and equity markets. Kevin has presented at a wide range of industry conferences and is quoted regularly in financial media including ...[Read More]

Track B: Lifting The Lid On Global Regulation

Industry Perspective: The rise of FXPBs importance- How can you leverage the full suite of services they have to offer to enhance your execution capabilities

Moderated By:
Michael Koegler
, Principal, ViableMKTS

Oscar Salem, Managing Partner, Investor Relations, Cold Spring Asset Management

Steve Reich, Head of FX and Commodity Liquidity Solutions, GTS

Sanjay Madgavkar, Global Head of FX Prime Brokerage, Citi

  • How is the use of prime brokerage in FX developing and what services should you expect to see from them?
  • How is the prime brokerage world developing on the back of increased capital requirements and additional costs?
  • What does the future hold for FXPBs and what additional benefits can they bring to you the buy side?
  • How can you gain access to FXPBs credit and liquidity to improve your chances of best execution?
  • How does the use of prime brokerage in FX compare to other asset classes?
 Oscar Salem
Oscar Salem
Managing Partner, Investor Relations
Cold Spring Asset Management

 Steve Reich
Steve Reich
Head of FX and Commodity Liquidity Solutions
GTS
Steve Reich is Head of FX and Commodity Liquidity Solutions at GTS. He is responsible for expanding the GTS trading operations and expertise into the FX, metals and energy markets. Before joining GTS in 2013, Mr. Reich ran FX Clearing for CME Group. Prior to that, he was Chief Revenue Officer and Head of Sales and Business Development for Pivot Sol ...[Read More]

Sanjay Madgavkar
Global Head of FX Prime Brokerage
Citi

Moderated By:

 Michael Koegler
Michael Koegler
Principal
ViableMKTS

Track C: Overcoming Converging Banking Policies

Oxford Style Debate: True or False- Central banking policies have ran their course and will be ineffective in 2017

Lee Ferridge, Head of Macro Strategy North America, State Street Global Markets

Ulf Lindahl, CEO, A.G. Bisset Associates

Moderated By:
Michael Melvin
, Professor, Rady School of Management

Alessio de Longis, VP, Portfolio Manager and Macro Strategist, Oppenheimer Funds

  • The ineffectiveness of central banking policies- Have central banking policies not had the desired impact to improve the economy?
  • How low can you go- Are rates set to drop further or is the only way up from here?
  • Do the central banks have anywhere else to turn with banking policies or is fiscal stimulus the only way forward now?
  • Currency markets in 2017 and beyond- Would fiscal policy and/or helicopter money provide the US economy with the boost it needs?
 Lee Ferridge
Lee Ferridge
Head of Macro Strategy North America
State Street Global Markets
Lee Ferridge is a managing director and the North American head of Multi-Asset Strategy for State Street Global Markets. Mr. Ferridge and his team formulate foreign exchange, fixed income and equity market views for State Street’s range of clients using unique proprietary flow indicators. Originally from the UK, he is now based permanently in Bosto ...[Read More]

 Ulf Lindahl
Ulf Lindahl
CEO
A.G. Bisset Associates
Ulf oversees AG Bisset’s currency overlay and currency alpha programs. These programs are applied to manage currency risk for institutional clients in North America and Europe. A.G. Bisset’s research, which Ulf oversees, has recently looked at the strength of the dollar over the past year to project what the future holds for this currency against o ...[Read More]

 Alessio de Longis
Alessio de Longis
VP, Portfolio Manager and Macro Strategist
Oppenheimer Funds
In his role, Alessio acts as a senior strategist for the Global Multi-Asset Group at OppenheimerFunds. In this role, he leads the group’s macro research on business cycle dynamics and global macro regimes, assessing their impact on asset class risks and returns. In addition, Alessio oversees and manages active currency strategies in GMAG’s funds. A ...[Read More]

Moderated By:

 Michael Melvin
Michael Melvin
Professor
Rady School of Management
Michael Melvin joined the Rady School in 2016 to teach and coordinate the new Master of Finance program. Prior to his return to academia, he spent many years at BlackRock and Barclays Global Investors (BGI). At BlackRock and BGI, he led research-oriented currency and fixed income investment teams. Most recently he was a Managing Director in the Mu ...[Read More]

Track D: Small Interactive Boardrooms and Workshops

Synergy Workshop: What does the FX market of the future look like? How to navigate the evolving landscape to determine which market participants add value to your execution process.

David Wright, Managing Director, Global Head of FX Electronic Distribution, Morgan Stanley

Andrew Silverman, Managing Director, Global Head of Morgan Stanley Electronic Trading, Morgan Stanley

  • Banks as brokers: What is their role as full execution service providers?
  • The true cost of liquidity: Who should you pay brokerage for order execution?
  • TCA providers: What’s the difference between box ticking vs. real value?
  • ECNs and Non-bank liquidity providers: Is it possible to access last look liquidity to reduce your transaction costs? 
  • Optimal execution methods: How do you measure the market impact of Competitive RFQ vs. full amount risk transfer vs. algorithmic execution?
 David Wright
David Wright
Managing Director, Global Head of FX Electronic Distribution
Morgan Stanley

Andrew Silverman
Managing Director, Global Head of Morgan Stanley Electronic Trading
Morgan Stanley

4:50 PM Transit time to main conference room

Challenging the Status Quo
4:55 PM Oxford Style Debate: True or False- Last look is a major hindrance and should be removed from FX markets

Moderated By:
Pete Eggleston
, CEO, BestX

Jason Leinwand, Founder and CEO, FirstLine FX

David Mercer, Chief Executive Officer, LMAX Exchange

Francisco J Heredia, ., Independent Expert

Susan Gammage, Head of FX Transaction Sales, Americas, Financial and Risk, Thomson Reuters

  • True or False- The removal of last look would be a major detriment to FX markets
  • What is the logic behind last look and what are the triggers for rejecting the tickets?
  • Does last look hinder ‘fair market’ conditions and benefit the sell side too or is it a fair and open methodology?
  • Can banks be more transparent with how they handle client flows?
  • Last look standardization- Should all liquidity providers adhere to last look standards in order to improve transparency and help regulate the usage of last look?
 Jason Leinwand
Jason Leinwand
Founder and CEO
FirstLine FX
Jason Leinwand is the founder and CEO of FirstLine FX, a foreign currency advisory firm. His firm works closely with clients to quantify and mitigate their foreign currency risk. He has nearly 30 years of experience as a trader and global markets strategist in the currency markets. FirstLine FX was founded with the express purpose of providing inde ...[Read More]

 David Mercer
David Mercer
Chief Executive Officer
LMAX Exchange

David Mercer is the Chief Executive of LMAX Exchange, the leading MTF for FX, authorised and regulated by the FCA. A former banking executive and currency specialist, David Mercer joined as chief executive in 2011 and in 2013 successfully completed the LMAX Exchange MBO. Over the last 5 years, David has transformed LMAX Exchange into one of th ...[Read More]

 Francisco J Heredia
Francisco J Heredia
.
Independent Expert
Senior financial services executive with broad experience in electronic foreign exchange. Exceptional track-record for establishing relationships in real-money institutional accounts in the U.S., Canada, Bermuda, and Latin America. From September 2011 until October of 2015 Mr. Heredia was a founding partner of Molten Markets, when the firm was sold ...[Read More]

 Susan Gammage
Susan Gammage
Head of FX Transaction Sales, Americas, Financial and Risk
Thomson Reuters

Susan Gammage is the Head of FX Transaction Sales, Americas for the Thomson Reuters Financial and Risk division.  She has over 20 years of experience in the foreign exchange markets and joined FX all from Citibank in 2011 where she had been the Global Head of E Commerce. Susan started her career at Thomson Reuters where she hel ...[Read More]

Moderated By:

Pete Eggleston was previously at Morgan Stanley, joining in August 2010 to set up the Quantitative Solutions & Innovations (QSI) team within the Fixed Income Division, a client-facing quantitative group that sought to add value to client investment processes through the delivery of TCA and execution analytics, algorithmic products and bespoke proje ...[Read More]

5:35 PM Chairperson's Closing Remarks

Michael Melvin, Professor, Rady School of Management

 Michael Melvin
Michael Melvin
Professor
Rady School of Management
Michael Melvin joined the Rady School in 2016 to teach and coordinate the new Master of Finance program. Prior to his return to academia, he spent many years at BlackRock and Barclays Global Investors (BGI). At BlackRock and BGI, he led research-oriented currency and fixed income investment teams. Most recently he was a Managing Director in the Mu ...[Read More]

5:40 PM Cocktail Drinks Reception Hosted by BNP Paribas