09:50am

FIX Protocol Ltd: Shaping the Future of Trading

Focused on addressing the critical trading issues impacting the global trading process through the use of industry standards, FIX Protocol Ltd (FPL) is actively leading efforts that are shaping the future of the trading environment.

Join this session to learn how FPL has actively supported the needs of the Americas trading community over recent months promoting increased transparency, risk mitigation and cost reductions. This session will also provide insight into how the organization is working to achieve market-wide efficiencies over the coming year.

Speakers:
Marcio Castro, Co-chair FPL Latin America Regional Committee. FIX Protocol Ltd
Edwin Montenegro, Co-chair FPL Latin America Subcommittee, Founder & CEO, Extol
Jim Northey, Co-Chair FPL Americas Regional Committee, Co-Founder, The LaSalle Technology Group LLC

10:15am

The Future of Electronic Trading in Latin America and Internationally Emerging Trends

The Latin American trading environment has rapidly evolved over recent years. Join this session to gain insight and opinion on the most prevalent issues, challenges and opportunities currently impacting the region’s trading desks and what lies ahead for this market. Topics under discussion will include:

• MILA one year on – What impact has this has on trading in Chile, Columbia and Peru?
• The future of HFT
• Developments in algorithmic trading
• The evolving market structure
• How is the use of the FIX Protocol developing in the region?
• What can local brokers offer to compete with the large international brokers?

Speakers:
Alice Botis, Head of Latin American Business Development, SVP Director of New Sales Enterprise Services, Fidessa
Brian Lee, Managing Director, Direct Market Access (DMA): US, Brazil, Global Products, ICAP
Clifton Stirling, Vice President of Sales, SunGard
Christian Zimmer, Head for Quantitative Portfolio Management and Research, Itaú Unibanco

Measuring and Controlling Trading Costs

Controlling costs of trading continues to be a high priority on corporate agendas. Join this session to explore:

• How could your firm, get a better understanding of its vendor charges?
• How could your firm more effectively manage its FIX expenses?
• Making the decision to self-manage or outsource your platform selection

Finally this session will further look into measuring overall client profitability and return on investment.

Speakers:
Rodrigo Campos, Head of International DMA Sales, Banco Fator
Teddy Lardos, CEO, Raptor Trading
Gustavo Schahin, Head of Equity Sales and Trading, UM Investimentos
Christian Zimmer, Head for Quantitative Portfolio Management and Research, Itaú Unibanco

Trading Across Multiple Venues in Latin America

This session will discuss the challenges and opportunities presented by Latin America’s evolving market structure in an increasingly electronic trading environment. Join this session to explore:

• Effective risk management
• How algorithms are being used to trade across multiple venues
• Liquidity access

Plus much, much more.

Speakers:
Diego Anfossi, LATAM Projects Manager, Greenline Financial Technologies
Jimmy Chung, Director of Technology, Corporate Special Projects, Bolsa de Valores de Colombia
Mauro Orefice, Cantor Fitzgerald
Clecio Lima, Head of Electronic Trading, BTG Pactual
Lucy Pamboukdjian, International Business Development Officer, BM&FBOVESPA

Transparency/Access to Liquidity: Did I Achieve Best Execution?

Investors are demanding an unprecedented level of detail of information regarding where, how and with whom their trades are being executed. This session will review the guidelines recently released by FPL, developed to address the growing desire for the buy-side to achieve increased consistency and greater clarity in execution venue reporting. Additionally, it will explore:

• Liquidity access in a fragmented market environment
• Dark pool and crossing network optimization
• Impact analysis
• TCA and execution quality review

Speakers:
Luis Fernando Haddad Faloppa,  Head Trader Brazil, Schroders Investment Management Brazil 
Marcelo Figueiredo, Latin America Equity Electronic Trading Sales Representative, Bloomberg 
Edwin Montenegro, Co-chair FPL Latin America Subcommittee, Founder & CEO, Extol
Rodrigo Oliveira, Investment Banking, Advanced Execution Services – LatAm, Credit Suisse
Gustavo Schahin, Head of Equity Sales and Trading, UM Investimentos

Developing a More Transparent Approach for Latency Measurement

In today’s latency sensitive environment, promoting strong latency results is common practice for many firms. This session will explore how firms can achieve a low latency solution by looking at the current trading landscape and the use of FIX, and provide an update on the structure of low latency trading in Latin America and the alternative approaches available.

Speakers:
Hamilton Araujo, Managing Director, Alpha Stream
Daneil Borin, Product Manager, E-Trade Lat Ltda
Brandon DeCoster, Vice President of Product Management, FIX Flyer
Jim Northey, Co-Chair FPL Americas Regional Committee, Co-Founder, The LaSalle Technology Group

Utilizing Trade Information

This session will explore how firms are consuming market data and the standardization of this data. It will cover the availability of information to Latin American firms and how firms can decide which data they should use.

Finally this session will also review OTC market data information, share ideas about how this information can be protected and look at wider market developments for non-liquid market data.

Speakers:
Daniel Parke, Director General, Agência Estado
Sergio Parodi, Market Data Services Manager, BM&FBOVESPA
Luis Penteado, Global Account Director, Capital Markets, Progress Software
Tiago Borges Siqueiros, IT CTB High Frequency team lead, HSBC Bank Brasil S.A

FPL Technology Roadmap 2012 and Beyond
This session will provide attendees with an update on how the FIX family of standards have developed over the past 12 months, and look to the year ahead, informing delegates of the key initiatives in the pipeline.

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.

Speaker:
Jim Northey, Co-Chair FPL Americas Regional Committee, Co-Founder, The LaSalle Technology Group

How to Trade OTC Derivatives

Dodd Frank and the Volcker Rule will cause substantial structural changes in the markets beyond the borders of the US, which will affect all asset classes.  This panel will discuss OTC Derivatives in the context of the impact on capital requirements, trade execution, trade reporting, and clearing/settlement.  Addressing questions such as what are the potential benefits and pitfalls in moving from an OTC traded instrument to a more formal trading structure?

Speakers:
Marcio Castro, Co-chair FPL Latin America Regional Committee. FIX Protocol Ltd
Antonio Fernandes, Senior Project Manager, SunGard Global Services
Delfos Machado, Head of Latam Equity Trading, HSBC Bank
Carlos Ratto, Executive Director Sales, Products, Marketing and Communication, Cetip

Implementing the Investment Roadmap

The widely adopted Investment Roadmap was produced by FPL in collaboration with other leading standard bodies. Since its launch it has been providing the industry with clear direction as to which standards are, and should be used to support business processes throughout the various stages of the investment life cycle to provide optimal transparency, consistency and operational efficiencies.

This panel will examine the Investment Roadmap and how other financial protocols service the different areas of the financial services transaction life cycle. 

This session will also focus specifically on demonstrating how FIX, FpML and ISO 20022, complement each other. It will also discuss the on-going effort of establishing a common business model under ISO 20022 which will support different message syntaxes in the different business areas.

Speaker:
Liliane Dutra, Chair of Brazilian Standards Committee, Founder and CEO, IPMF Global – Global Financial Market Integration and Standardization
Jim Northey, Co-Chair FPL Americas Regional Committee, Co-Founder, The LaSalle Technology Group

Trading Locally vs. Internationally: Regulatory Issues and Risk Management

As the Latin American markets increase their international focus, this session will explore the increasing importance of effective risk management and the different regulatory concerns that should be reviewed. This panel will discuss:

• The need for firms to consider managing risk across different business areas  in light of regulatory and legal changes
• What solutions are firms developing to manage risk between trading locally and trading internationally
• Is technology catching up and how can FPL help with these efforts?

Speakers:
Honor Almeida, Market Surveillance Coordinator, BM&FBOVESPA
Alice Botis, Head of Latin American Business Development, SVP Director of New Sales Enterprise Services, Fidessa
Jeffrey Gangl, Managing Director Head of Americas, ULLINK
Otavio Yazbeck, Director, CVM

Trading in the Post-Trade Environment in Brazil

As the Brazilian post-trade landscape enters a period of mass evolution, this session will explore its impact on market participants. Topics be discussed include:

• How will post trade processing evolve
• Effective risk management in the post-trade space
• Central versus local matching
• Implementation challenges for the buy-side and sell -side
  

Speakers:
Aloísio Corrêa, Superintendent of Galgo System, ANBIMA
Luis Fernando Haddad Faloppa,  Head Trader Brazil, Schroders Investment Management Brazil
Edwin Montenegro, Co-chair FPL Latin America Subcommittee, Founder & CEO, Extol
Júlio Hidemitsu Correa Nagay, BM&FBOVESPA

Next Steps for FPL in Latin America

FPL is keen to continue working with local market participants in Latin America to address the business challenges impacting the trading community. This session will provide an overview of the keys issues, opportunities and ideas raised throughout the day, and the areas that the Latin America trading community would like to work with FPL on to enhance trading practices.