09:15

Registration

09:45

Welcome

The FIX Protocol: Facilitating More Efficient Trading for Mexico

FIX Protocol Limited (FPL) is the global, non-profit organisation at the heart of the electronic trading community. FPL owns and continuously develops the FIX Protocol messaging standard, which is used by thousands of firms every day to complete millions of transactions. Through its work it has helped to develop and enable the major electronic trading practices and trends that have emerged over the last decade.

This session will provide delegates with an understanding of the many benefits that increased use of standards, such as FIX, could present to the Mexican trading community through greater cost savings and efficiency gains throughout the trading process. It will also explore other areas FPL is working on, including meeting the challenges of risk management, addressing buy-side needs and providing solutions to meet business challenges in the latency measurement, high frequency trading and algorithmic trading spaces, plus much, much more. This session will also touch on recent developments surrounding the MILA initiative, and Mexico’s potential involvement in this.

Presenter:

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

Panellists:

• Jorge Alegría, CEO, MexDer
• Andres Araya Falcone, CIO, Bolsa de Comercio de Santiago
• Edwin Montenegro, Co-Chair, FPL Latin America Subcommittee, CEO & Founder, Extol

The Evolution of the Trading World

In an evolving market, many issues, challenges and opportunities face firms as they seek to trade an increasing proportion of their business electronically. This session will explore the key trends emerging globally and within the Mexican region, and share perspectives on how the Mexican trading market has (and will continue to) evolved as new trading practices emerge, flow from in and out of Mexico increases, the phone trading culture changes and FIX adoption increases. This session will also explore how the buy-side can use FIX through direct market access and benefit more from the increased transparency the protocol can provide.

Moderator:

Brian Ross, CEO, FIX Flyer

Panellists:

• Alfredo Milera, Country Manager - Sales and Operations, Charles River Development
• Jim Northey, Co-Chair FPL Americas Regional Committee, Co-Founder, The LaSalle Technology Group, LLC
• Julie El-Taher, Director, Advanced Execution Services, Credit Suisse

An Introduction to the FIX Protocol

Delivered in an informal workshop environment, this interactive session will aim to provide an open learning environment for industry professionals new to the FIX family of standards. It will seek to provide participants with an understanding of what the FIX Protocol is, the areas of the trade life-cycle it supports, who uses it and the benefits it delivers to market participants.

Speakers:

• Daniella Baker, Global Marketing and Communications Manager, FIX Protocol Ltd.
• Gary Milam, Greenline Financial Technologies, Inc.
• Edwin Montenegro, Co-Chair, FPL Latin America Subcommittee, CEO & Founder, Extol
• Marc Jaen Pallares, Technical Expert, ULLINK

Algorithmic Trading: When, Where and How?

With perspectives from local and international algorithmic trading strategy providers, this session will seek to explore the suitability of different algorithms when employed in different markets with varying levels of liquidity. It will also look at the ways in which the algorithmic trading market has evolved locally – where we have come from, where we are going and what challenges, issues and opportunities increased algorithmic trading is likely to generate over the coming 12-24 months.

Moderator:

David Krause, Head of Services – Americas, Greenline Financial Technologies Inc.

Panellists:

• Julie El-Taher, Director, Advanced Execution Services, Credit Suisse
• Mauricio Trigueros, Head of Equity Trading, GBM Grupo Bursatil Mexicano

Further speakers to be announced

12:10

Coffee Break

The Evolving Mexican Regulatory Environment

Participants in this session will seek to evaluate how, almost one year on, successful the RINO 1 initiative has been in improving flexibility and driving the market forward with increased access to the Mexican Exchange. Have brokers seen an increase in order volumes and has general confidence in the region grown? What can market participants expect from RINO 2, how can they prepare for this, and how is it expected to impact the market moving forward?

Moderator:

Alfredo Guillen, COO, BMV Group

Panellists:

• Ricardo Piña, Senior Vice President Markets Supervision, CNBV
• Luis Negrete, Head of Desk, Accival Banamex Casa de Bolsa

Further speakers to be announced

An Introduction to the FIX Protocol

Delivered in an informal workshop environment, this interactive session will aim to provide an open learning environment for industry professionals new to the FIX family of standards. It will seek to provide participants with an understanding of what the FIX Protocol is, the areas of the trade life-cycle it supports, who uses it and the benefits it delivers to market participants.

Risk Controls: Developing Best Practices

This session will explore the risk management issues impacting the Mexican market and how incorporating best practices recently developed by FPL could support electronic trading across multiple asset classes and aid risk mitigation both pre and post trade (drawing on adaptations relating to the European MiFID II regulations and the US Dodd Frank reform)

Moderator:

Courtney Doyle McGuinn, Operations Director, FIX Protocol Ltd.

Panellists:

• Alice Botis, Head of Latin American Business Development, Fidessa
• Carlos Hernandez, Head of Trading Technology, Interacciones
• Jaime Arturo Villaseñor Zertuche, Chief Risk Officer, Indeval

High Frequency Trading: Requirements and Provisions

Many firms are investing in infrastructure for high frequency trading (HFT), but is the market ready to handle the volumes this would generate? This session will explore the meaning of HFT, to what extent it is being used in the Mexican market, and the ways in which it is evolving. It will also look specifically at how HFT increases international access and changes the market in Mexico, and the initiatives similar to the North-South Order Routing Agreement that are being developed to open up the market for HFT firms.

Moderator:

Jean Martin Carrer, Thomson Reuters

Panellists:

• Hector Casavantes, Director of Electronic Trading Services, Casa De Bolsa Finamex S. A.
• Jorge Nevid Fuentes, Sales & Electronic Trading, Acciones y Valores Banamex
• Alfredo Guillén, COO, BMV Group

An Introduction to the FIX Protocol

Delivered in an informal workshop environment, this interactive session will aim to provide an open learning environment for industry professionals new to the FIX family of standards. It will seek to provide participants with an understanding of what the FIX Protocol is, the areas of the trade life-cycle it supports, who uses it and the benefits it delivers to market participants.

Exchanges: Supporting Local Markets

With input from Central and South American exchanges, this session will look at how these exchanges are seeking to meet the needs of their domestic and international clients and how these markets are evolving. How could the shared infrastructure of exchanges in Chile, Colombia and Peru, brought about by the MILA initiative, enhance growing markets?

It will explore the economic implications that exchange consolidation and monopolies can present, the reaction of brokers, the potential impact that multilateral trading facilities and dark pools would generate, and how this could facilitate a technological change.

Moderator:

Jodi Abudarham, Director, Partner Exchange & Client Technology Managment, CME Group

Panellists:

• Andres Araya Falcone, CIO, Bolsa de Comercio de Santiago
• Berenice Corral, VP Business Development and Marketing, BMV Group
• Jim Northey, Co-Chair FPL Americas Regional Committee, Co-Founder, The LaSalle Technology Group, LLC

Connectivity and Trading Internationally

Drawing on connectivity to global trading networks and order flow across borders, this session will present guidelines about how firms could proceed with trading beyond domestic borders. It will also seek to assess how emerging trading technologies and the FIX Protocol could assist in overcoming previous geographical barriers.

Moderator:

Rodrigo Ramos, Managing Director, Latin América, ULLINK

Panellists:

• Marc Milgrom, Global Product Manager, Trading Applications, Bloomberg LP
• Sebastian Rey, Senior Trader, GBM Grupo Bursatil Mexicano
• Yan Nuriyev, Vice President, Electronic Trading, Santander Investment Securities Inc.
  
  

An Introduction to the FIX Protocol

Delivered in an informal workshop environment, this interactive session will aim to provide an open learning environment for industry professionals new to the FIX family of standards. It will seek to provide participants with an understanding of what the FIX Protocol is, the areas of the trade life-cycle it supports, who uses it and the benefits it delivers to market participants.

17:45

Closing Speech