FPL: Supporting the needs of the trading community in 2011 and beyond

As an industry association, FPL continually seeks to support the ever expanding business needs of the trading community. In addition to providing an update on the developments of recent months, this session will deliver a valuable insight into how FPL will be meeting the needs of your trading desk in 2011.

Speakers:
Stuart Adams, FPL EMEA Regional Director, FIX Protocol Ltd
Daemon Bear, Co-Chair FIX Protocol EMEA Regional Committee, Director, MD, Head of BlockCross, ICAP Securities Ltd.
Chris Jackson, Co-Chair FIX Protocol EMEA Regional Committee, Director, Head of EMEA Execution Sales, Citi
Jim Kaye, Co-Chair FIX Protocol Global Steering Committee, Product Development Manager for European Execution Services, Bank of America Merrill Lynch

Regulation: How will developments in the latest legislation impact your business?

As we approach the implementation of MiFID II, we will be analysing the current status of the consultation and its relation to implementation legislation.

This session will look to address the question “what could MiFID II proposals do better?” and what, if anything, the industry can do to self-police these issues such that "heavy touch" regulation will not subsequently be necessary in the future.

This session will also seek to review:

• What are the pros and cons of a catch all OTF bracket?
• Why are we in this position where we need to catch something that was outside the original MiFID?
• Have ESMA bitten off more than they can chew in the algo space? 
• What is the buy-side's view around broker dark liquidity, transparency in algorithms and HFT?

Moderator:
Will Rhode, Analyst, TABB Group

Speakers:
Eleanor Jenkins, Head of Market Structure and Liquidity Strategy, Morgan Stanley
Stephen McGoldrick, Director, Market Structure, Deutsche Bank
Guy Sears, Director, Wholesale, Investment Management Association

One year on - what next for FIXatdl?

This session will look at the adoption of FIXatdl^SM one year on from its launch in March 2010. How well is it doing? What benefits and key challenges has it brought to those who have adopted it? And how well has the adoption progressed throughout the EMEA region? This session will also look at the next planned developments of FIXatdl.

Moderator:
Steve Wilkinson, Director, Cornerstone Technology

Panellists:
Scott Atwell, Co-Chair FIX Protocol Global Steering Committee, Manager of FIX Trading and Connectivity, American Century Investments
Andrew Bowley, Managing Director, Nomura
Martin Naughton, Consultant, Rapid Addition

FPL Technical Roadmap for 2011

This session will provide attendees with an update on developments that FPL has made over the past year on important technical initiatives undertaken. It will also look to the year ahead and inform delegates of the key initiatives in the pipeline that FPL is working on.

Attend this session to learn about the importance and relevance of each project to your business, the status of each initiative and when they will be available for industry adoption.

Speakers:
Rolf Andersson, Co-Chair FIX Protocol High Frequency Trading Working Group, Co-Chair FIX Protocol Market Data Optimisation Working Group, CEO, Pantor Engineering AB
John Cameron, Principal, Cameron Edge
Kevin Houstoun, Co-Chair FIX Protocol Global Technical Committee, Chairman and Founder, Rapid Addition
Mark Reece, eTrading Solutions Architect, HSBC
Henry Young, Co-Chair FIX Protocol Inter-Party Latency Working Group, Director of Product Developments, TS-Associates plc

How are Smart Order Routers and algorithms coping with today’s fragmenting markets?

This session will centre on best execution and include a Smart Order Routing focus covering:

• ‘How smart is your smart order router?’ How do Smart Order Routing and algorithms cope with today’s fragmented market?
• What attributes contribute to a strong Smart Order Router?
• Venue selection
• Choosing the right algorithm

Moderator:
Huw Gronow, Senior Trader, Principal Global Investors

Speakers:
Betsy Anderson, Head of Dealing, Ignis Asset Management
Rob Boardman, Managing Director, Investment Technology Group, Europe
Rob Maher, Managing Director, Credit Suisse
Ben Springett, Head of Electronic Sales Trading, Nomura

OTC Derivatives– the new trading landscape

This session will explore the current OTC derivatives trading landscape and the new requirements. It will also focus on the clearing of OTC derivatives – is it a good or bad idea?

This session will also highlight the benefits of OTC derivatives from a buy-side clearing and a regulatory perspective.

Moderator:
Lynn Strongin Dodds, Managing Editor, Best Execution

Speakers:
Anthony Belchambers, Chief Executive Officer, Futures and Options Association
Charlotte Crosswell, President, NASDAQ OMX Europe
Alasdair Haynes, Co-Chair FIX Protocol Global Membership Committee, Chief Executive Officer, Chi-X Europe Limited
Alberto Pravettoni, Managing Director, Corporate Strategy, LCH Clearnet

How can I use the repository to support my business needs?

This session will look at how the repository is used and how it can support your business practices. It will also explore the different views on the following tools with case studies to illustrate:

• FIXimate
• FIXML Schema

Presenter:
Jim Northey, Co-Chair FIX Protocol Americas Regional Committee, Co-Founder, The LaSalle Technology Group LLC

What’s next for high frequency trading?

This session will look at what is on the horizon for high frequency trading, examining regulatory concern, trading strategies, application, how to interact with the HFT model and what is next for high frequency trading.

Moderator:
Simmy Grewal, European Analyst, AITE Group

Speakers:
Nick Nielsen, Head of Trading, Marshall Wace Asset Management
Andrew Morgan, European Head of Autobahn Equity, Deutsche Bank
Kee-Meng Tan, Director, Head of Electronic Trading Group (ETG) in Europe, Knight Equity Markets International Ltd.
Tim Wildenberg, Head of Direct Execution, Europe, UBS Investment Bank

Industry Standards Co-ordination Group - the reality of one business model

An industry initiative to ensure that the most appropriate industry standards are used to drive efficiency throughout the investment process was started a few years back.  Representatives from the organisations behind the free, open and non-proprietary standards which are used thousands of times everyday around the world, got together to look at how those standards could work together towards a uniform business model and to come up with the Investment Roadmap which is now universally seen as the reference point for market participants and regulators alike.

This session will provide an update on the work of the Standards Co-Ordination Group and the Investment Roadmap and how this will continue to evolve towards a fully interoperable roadmap.

Moderator:
Courtney Doyle McGuinn, FPL Operations Director, FIX Protocol Ltd

Panellists:
Tony Freeman, Executive Director, Industry Relations, Omgeo
Alexandre Kech, Head of Securities & Alternative Investments Standards, S.W.I.F.T. SCRL
Jim Northey, Co-Chair FIX Protocol Americas Regional Committee, Co-Founder, The LaSalle Technology Group LLC

What is the contribution of a new HFT interface?

This session will examine the contribution that a new HFT interface will make and how it relates to current interfaces. It will also explore the views on how the FPL High Frequency Trading Working Group should develop.

Speakers:
Rolf Andersson, Co-Chair FIX Protocol High Frequency Trading Working Group, Co-Chair FIX Protocol Market Data Optimisation Working Group, CEO, Pantor Engineering AB
Mark Reece, eTrading Solutions Architect, HSBC

TCA: Right venue? Right strategy?

Liquidity fragmentation has created opportunity but also complexity in almost equal measure. This has lead to the creation of ever more sophisticated execution tools. Gaining clarity on trade performance across the range of liquidity platforms is becoming essential information for investors wanting to select the right strategy for their orders.

This session will focus on how TCA can assist traders to gain insight to execution quality across a fragmented marketplace and help them to determine the best strategies to employ.

Moderator:
Richard Balarkas, Chief Executive Officer and President, Instinet

Speakers:
Mike Googe, TCA Specialist Europe, Bloomberg
Michael Seigne, Co-Head, Goldman Sachs Electronic Trading Europe
Chris Sims, Head of Investment Operations, Gartmore Investment Management
Michael Sparkes, Principal Consultant, Investment Technology Group
Kristian West, Managing Director, J.P. Morgan Asset Management

Low Latency: ‘How low can you go?’

This session will look at how to control and minimise the viability of low latency and what that means for your business. It will also explore the low latency advances in order routing in the era of high proximity hosting and co-location: identifying latency hotspots that can emerge during the order life-cycle.

Moderator:
Jeremy Grant, Editor, FT Trading Room

Speakers:
Donal Byrne, CEO and President, Corvil
Kevin Houstoun, Co-Chair FIX Protocol Global Technical Committee, Chairman and Founder, Rapid Addition
Mark Schaedel, Senior Vice President, Global Data Products, NYSE Technologies
Antoine Shagoury, Chief Information Officer, London Stock Exchange

FIX 5.0 Service Pack 3 – What can be expected?

Interacting with retail flow – what is best?

This session will look at a number of retail customers and will examine what MiFID has brought to the retail investor, as well as considering how MiFID II may change this.

This session will also examine whether retail best execution exists and if not, how this can be improved. It will go on to review what the best model for retail is.

Moderator:
Peter Randall, Chief Executive Officer, Equiduct Systems Ltd.

Panellists:
Matteo Cassina, President, Citadel Execution Services Europe
Dhavarajh Frank, Chief Operating Officer, Selftrade
Alexandre Grimault, Managing Director, ProCapital France
Tim May, CEO, APCIMS
Phillip Yarrow, Head of Electronic Trading, Winterflood Securities

The changing shape of European market structure

This session will explore the implications of the changing trading and clearing market structure, specifically looking at whether this will deliver true competition, how CCPs will compete and when the choice of trading and clearing will result in low cost, superior customer service and increased trading volumes.

Moderator:
Michelle Price, Trading and Technology Editor, Financial News, Dow Jones

Panellists:
Andrew Bowley, Managing Director, Nomura
Diana Chan, Chief Executive Officer, EuroCCP
Mark Hemsley, Chief Executive Officer, BATS Europe
Jeffrey King, Director, Citi
Rainer Riess, Managing Director, XETRA Market Development, Deutsche Börse

The FIX Inter Party Latency Working Group

Latency monitoring, analysis and optimisation are important activities in today's trading environments. This session will provide insight into the current status and ongoing activities in the FIXIPL Working Group in addition to presenting and discussing preliminary test results.

Speakers:
Rolf Andersson, Co-Chair FIX Protocol High Frequency Trading Working Group, Co-Chair FIX Protocol Market Data Optimisation Working Group, CEO, Pantor Engineering AB
Raymond Russell, Chief Technology Officer and Co-Founder, Corvil
Henry Young, Co-Chair FIX Protocol Inter-Party Latency Working Group, Director of Product Developments, TS-Associates plc

The European consolidated tape

This session will explore the views and range of responses from the industry as a result of the recent European Commission consultation and will explore the likely outcomes this may bring.

Moderator:
Stuart Adams, FPL EMEA Regional Director, FIX Protocol Ltd.

Speakers:
Steve Grob, Director, Fidessa
Tom Jordan, CEO, Jordan and Jordan

Further speakers to be announced.

Efficient trading interfaces for exchanges

This session will look at what exchanges require today and what they will require in the future as business models and markets are developing. It will also look at the HFT interfaces that will be developed by the FPL HFT Working Group and will highlight the cost savings that can be achieved through the standardisation of interfaces.

Moderator:
Mark Reece, eTrading Solutions Architect, HSBC

Speakers:
Hirander Misra, Chief Executive Office, Algo Technologies
Steve Christinson, Chief Technology Officer, CameronTec
George Macdonald, CEO Macdonald Associates
Christian Zahm, Director EMEA, RTS Realtime Systems

Further speakers to be announced.

Low latency networking

This panel session will explore the different deployment options available, what is used now, and what will be used within 2 years. It will compare price and performance, what users can expect today and how this is likely to evolve over the next few years, absolute speed vs predictability, industry efforts currently in place and how this is being considered as part of the overall technology roadmap.

Moderator:
Kevin Houstoun, Co-Chair FIX Protocol Global Technical Committee, Chairman and Founder, Rapid Addition

Speakers:
Donal Byrne, CEO and President, Corvil
Greg Cubbon, Products and Strategy Development, Global Banking & Financial Markets, BT
Ann Neidenbach, Senior Vice President, Global Technology Services, NASDAQ OMX
David Riddoch, Chief Software Architect, Solarflare

EMEA emerging markets

This educative session will look at the current status of EMEA emerging markets, exploring the trading landscape trends affecting these new emerging markets, how to get access to these new areas and how financial institutions in these emerging market economies interact, as well as gain access to more developed economy's pools of capitals.

Moderator:
Mehmet Mazi, Head of Emerging Markets Group, HSBC Bank PLC

Speakers:
Maher Asham, Chief Executive Officer, Eygpt for Information Dissemination
Ercin Guducu, IT Manager, TURKDEX, Turkish Derivatives Exchange
Izabela Olszewska, Director, Market Development Department, Warsaw Stock Exchange
Michael Smith, International Sales Director for Electronic Trading Group, Renaissance Capital
Sergey Zamolotskikh, Director, Infrastructure Projects Department, RTS Stock Exchange

Risk management in the electronic trading era

Since the ‘Flash Crash’ of 6th May 2010, how has systematic risk evolved?

This panel will investigate whether organisations have changed their tolerances and views on risk management to protect themselves since 6th May, how limits are being determined and what vendor solutions are available.

Moderator:
Keith Viverito, Vice President, Head of ETI Transaction Sales, EMEA, Thomson Reuters
Speakers:
Valerie Bannert-Thurner, FTEN, a NASDAQ OMX Company
Jim Kaye, Co-Chair FIX Protocol Global Steering Committee, Product Development Manager for European Execution Services, Bank of America Merrill Lynch
Rajesh Nagella, Managing Director, EMEA Head of Algorithmic Products, Citi

FPL HFT Working Group - what next?

This session will highlight the initiatives that the HFT Working Group are developing, specifically focusing on trade-offs in protocol design and supporting the semantics of legacy protocols.

Speakers:
Rolf Andersson, Co-Chair FIX Protocol High Frequency Trading Working Group, Co-Chair FIX Protocol Market Data Optimisation Working Group, CEO, Pantor Engineering AB
Philip Beevers, Chief Architect, Fidessa
Mark Reece, eTrading Solutions Architect, HSBC

Closing speech

This session will provide a summary and key highlights of the day's activities.

Speaker:
Stuart Adams, FPL EMEA Regional Director, FIX Protocol Ltd