Market Data and Trading Technology training.waterstechnology.com/mdtusa

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1 Four separately bookable days in New York Tutors John Best & Colin Wright, Training Consultants KSS TRAINING LTD FISD/FIA Preparation s 1 & 2 Market Data and Trading Technology training.waterstechnology.com/mdtusa New York: October Introduction to the financial markets and market data The technology, vendors and market data management 3 4 Low latency market data and trading systems solutions Cost control and data administration

2 Market Data and Trading Technology October 2013 Market Data and Trading Technology About the course Despite ongoing challenging business conditions banks and financial institutions continue to implement higher performing market and reference data systems. Some organisations are focusing on improved market access and others are looking for overall price/performance value. In this course attendees will gain key understandings of, amongst other things, the technical and administrative aspects of the market data arena and best practice in the management of reference data. Learning outcomes: Identifying alternative data sources and services Developing and executing cost management strategies Better understanding for cost allocation and finance methodologies Comparing the product offerings delivered by the key vendors Maintaining reporting on business unit market data inventories and product utilisation Strengthening your vendor knowledge to better understand end user requirements Exposure to the latest technical developments as used by the Finance Industry FISD/FIA Level 1 exam taker readiness Who should attend? This course will be of value to all those working in the areas of market data and reference data in financial institutions plus associated vendors, exchanges and consultants. Additionally, s 1 and 2 have been developed to fully cover the syllabus of the FISD/FIA exam, for those wishing to add this accreditation to their CV. Overall, the course is of particular relevance to those executives within the following areas: Market Data Services, Client Data Services, Reference Data Strategy, Market Data Commercial, Market Data Management, IT Infrastructure, Data Administration Investment Data Analysis, IT Administration, Product Management. Course Tutors: John Best Training Consultant, KSS Training Ltd Colin Wright Training Consultant KSS Training Ltd call +44 (0)

3 Monday 28 October Introduction to the financial markets and market data Introduction to the Financial Markets and Market Data This one day course unit is designed to provide a broad overview of the financial market infrastructure, its participants, the assets traded and the market data which is created. Housekeeping and Introductions FISD and the Financial Information Associate certification process The markets Evolution of capital markets and securities trading The role of financial markets today The trade life cycle Participants in the financial markets Buy side / sell side / exchanges / IDB s / lesser regulated trading venues Market oversight and regulation The roles and responsibilities of governments, Bank for International Settlement (BIS), central banks, regulators Morning Break The internal functions of financial market institutions Summary of major asset classes Equities, fixed income, short term money markets, FX, commodities, futures and options Market data in job functions in consumer firms Issues and trends: The Markets The US markets and RegNMS The European Union and MiFID Challenges in Asia Market data sources Contributed data Exchange data Vendor generated data Data over the internet Types of market data What do we mean by market data? Fundamental data History and other time series data Valuations data Credit ratings data Indices News and commentary Messaging Other reference data Afternoon break The challenges of standards: ISO, SWIFT, FIX Reference Data Storage Enterprise Data Management Standards: Essential for Straight-Through Processing and good data quality Standards Goals for achieving STP The challenges for Standards Role of ISO Instrument and Business Entity Identifiers CUSIPs, RIC Codes, Bloomberg BSYM, LEI etc Data Model for Instruments ISO and the EDM Council Messaging standards ISO and FIX Issues and Trends: The Data The Consolidated Tape ECB market utility for Securities Reference Data Big Data Impact of Socially Responsible Investing End of day one Tuesday 29 October The technology, vendors and market data management The technology, vendors and market data management financial institutions are making increasing use of technology to process the market data generated through research and trading to assist and automate securities trading and processing. This course unit overviews the technology used, the vendors who supply the systems and data and the steps necessary within user firms to manage their use. Registration and coffee Summary of Technology building blocks Hardware & Operating systems Applications and Software Development Programming Languages Connectivity, Hosting and Co-Location Network Components Reliability and Stability Summary of Datafeeds Principles of Datafeed delivery including data representation Aggregated and Direct Datafeeds Hybrid Datafeeds and Co-location Market Data Distribution Systems (Messaging Systems and Platforms) Summary of latest RMDS / Enterprise Platform developments Summary of non-thomson Reuters platforms and messaging systems Morning Break Overview of financial sector specific applications Charting Risk Trading OMS/EMS Pricing Algorithmic Trading from a business perspective The Challenges of Algo Trading Business Drivers Differentiators Price Publishing and Contributions Spreadsheet Contributions Publishing and Multi-vendor Contribution Systems Issues and Trends: The Technology Grids Clouds The HFT Debate Methods of delivery and display Terminals, Workstations and Market Data in Excel Data feeds, databases, platforms Users and uses of market data Human use of data Local applications Shared applications Algorithmic-based applications Commercial frameworks for distribution and use of market data Contracts, Compliance, Audits and Unit of Count Access Control and Usage Reporting DACS DART Inventory Management Afternoon Break Data Vendors Thomson Reuters, Bloomberg, IDC, SIX, S&P, Dow Jones, FactSet, Markit Exchanges and MTFs: NYSE, LSE, DBG, BATS, Chi-X Regional and Niche Players Summary of Market Data Job Functions In Consumer and Vendor Firms Providers and Industry Groups Data Vendors Exchanges Technology Providers Peer Groups and Trade Associations Issues and Trends: Data Management and the Vendor Landscape Symbology Licensing Derived Data Data Piracy SLAs End of Two training.delegates@incisivemedia.com web training.waterstechnology.com/mdtusa

4 Wednesday 30 October 2013 Thursday 31 October Low Latency Market Data and Trading Systems Solutions This course section looks into the new technical innovations that form the low-latency data distribution and processing environment. Additionally technology assisted trading and data publication systems are reviewed, and the future trends both from a business and technology viewpoint are investigated. 4 Cost Control and Data Administration Market data costs can be some of the largest items on the budget for financial institutions. This course unit provides a comprehensive breakdown of the costs, their origins and techniques for managing them. Included are examples from real world market data cost management exercises Registration & Intro Changing Trading Models and Electronic Trading Venues Matching Systems Examples from the Equities Markets Examples from the FX Market Algo-trading Systems Introduction Components of a typical Algo System Identifying bottlenecks and targeting Investment for competitive advantage Break Low latency Market Data platforms Drivers and technologies explained Example platform architectures 29West NYSE Technologies IBM and others Complex Event Stream Processing System Principles Applications and usage Examples Data Cleaning Internal Publishing and external distribution of real time data for Trading and Pricing The challenges of using and publishing real time data The real costs of machine usage of market data Derived data and redistribution definitions Fixed Income Trading Systems Overview of Fixed Income Trading venues Publishing and contributions systems - a summary Interfacing to the Bloomberg Trading Systems via MPF Afternoon Break Algo-trading review Algo trading objectives Market trends and asset class migration Different Types of Algo-Trading From Program to Stat-Arb algo trading An Algo-trading Case Study: Arbitrage across two continents Business Drivers Overall Design Technical Components Latency Priorities New Directions and Trends in IT for Financial Markets Private Grid & Cloud Systems Hosting Initiatives Connectivity faster than fiber-optic cable Web 2 New HFT and Algo Trading Regulatory Frameworks Q&A End of Course Unit Registration & Introductions Outlining Cost liabilities and components of market data Finding the true cost of market data The Ever changing world of Exchange Pricing Models Managing Exchange Audits Morning Break Reuters DACS and Bloomberg basic usage reports The Thomson Reuters new pricing model Market data management tools Market data and inventory systems Market Data Management Issues and Challenges Unit of Count Derived Data Web site and Non Professional/Retail Users Index Licensing Evaluating strategies for cost control Strategies to maintain savings Afternoon Break The Market Data Request for Proposal Procedure Market data control and cost saving case studies Negotiation Data Vendor replacement Technology The Value of Industry User Groups FISD IPUG Course session workshop Exercise: Analysing a medium sized investment bank scenario Current usage profile Identify opportunities Drawing up a strategy How to verify alternate vendors Recommendations Realistic savings analysis End of Course Unit training.delegates@incisivemedia.com web training.waterstechnology.com/mdtusa

5 Complete access for your entire organisation to WatersTechnology Our information solutions provide everyone in your organisation with access to the best information resource on the financial market technology industry. WatersTechnology delivers: Breaking news and in-depth analysis on the financial market technology industry Detailed features on your market and the deals and people who shape it Video features and technical papers A fully-searchable archive of content from waterstechnology and from all of the other market-leading titles incorporated under the site (Buy-Side Technology, Sell-Side Technology, Inside Market Data, Inside Reference Data and Waters) Full compatibility with any mobile device Access to the relevant waterstechnology ipad app Waters magazine, Inside Reference Data and Inside Market Data To find out more about the benefits an information solutions package would bring, solutions@waterstechnology.com or call +44 (0) / waterstechnology.com

6 Market Data and Trading Technology October 2013 Booking Details Market Data and Trading Technology Book online: Visit the Incisive Events web site for an update on our forthcoming conferences and courses and for information on our magazines and books at Your fee Your registration fee includes breakfast, lunch and refreshments and your documentation pack. Book online or fax the completed form with your credit card details, or follow up the provisional reservation with a cheque made payable to Incisive Financial Publishing Ltd. In order that we process your registration with maximum efficiency, we request that a copy of this booking form accompanies your payment. Subscriptions If you currently don t subscribe to Inside Market Data, Inside Reference Data or Waters Technology please contact Natasha.Gordon-Douglas@incisivemedia.com for more information Accommodation Please see website for more information Customer Services London Office By Mail Conference Administration, Incisive Financial Publishing Ltd., Haymarket House, Haymarket, London, SW1Y 4RX, UK By Tel +44 (0) By Fax +44 (0) By conf@incisivemedia.com US & Canada Office By Mail Conference Administration, Incisive Media, 55 Broad Street, 22nd Floor New York, NY 10004, USA By Tel By Fax +1 (646) By conf@incisivemedia.com Warning: Market data, reference data & trading technology is a registered trademark, and the title, contents and style of this brochure are the copyright of Incisive Media. We will act on any infringement of our rights anywhere in the world. Incisive Media. Cancellation/Substitution: A refund (less 10% administration fee) will be made if notice of cancellation is received in writing three weeks before the conference. Regrettably, no refunds will be available for cancellations received less than three weeks before the event start date. If you do not attend the event or notify us of your intention to cancel, the full fee will still be payable. A substitute delegate is welcome but the organiser MUST be notified in advance of the conference to avoid incurring a charge. Substitutions may NOT be made at the course. Disclaimer: The programme may change due to unforeseen circumstances, and Incisive Media reserves the right to alter the venue and/or speakers. Incisive Media accepts no responsibility for any loss or damage to property belonging to, nor for any personal injury incurred by, attendees at our conferences, whether within the conference venue or otherwise. *All discounts must be redeemed when booking, discounts will not be valid or applied after this time. Incisive Financial Publishing Ltd reserve the right to decline any discount offers and this offer cannot be used in conjunction with any other offer. Incorrect mailing, data protection: If any of the details on the mailing label are incorrect, please return the brochure to our database administrator at Incisive Media so that we can update our records and ensure that future mailings are correct. Please find our mailing address and fax details above. By registering for Market data, reference data & trading technology, Incisive Media* will send you further information relating to this event. In addition we will send you information about our other relevant products and services which we believe will be of interest to you. If you do not wish to receive other relevant information from Incisive Media via a particular medium please tick the following relevant boxes: Mail Phone Fax . Incisive Media will also allow carefully selected third parties to contact you about their products and services. If you do not wish to receive information from third parties via any of the following media please tick the relevant boxes: Mail Phone Please tick if you are happy to receive relevant information from carefully selected third parties by and Fax. Please remember that if you choose not to receive other literature you may miss out on some exclusive offers.*for a list of companies included in Incisive Media please see our website Market data, reference data & trading technology London n November Introduction to the financial markets and market data The Technology, Vendors and Market Data Management Managing reference data Low latency Market Data and Trading Systems Solutions Cost Control and Data Administration Five separately bookable days! For more information please visit training.delegates@incisivemedia.com web training.waterstechnology.com/mdtusa

7 Market Data and Trading Technology New York: October 2013 I would like to attend: Price to attend each day is $2099 Please indicate below which day/s you will be attending: New York: October 2013 Market Data and Trading Technology 1 Introduction to the financial markets and market data 2 The Technology, Vendors and Market Data Management 3 Low latency Market Data and Trading Systems Solutions 4 Cost Control and Data Administration Booking Form Multiple Discounts: 2 s 3 s 4 s 10% Discount 15% Discount 20% Discount Registration & payment details Discounts cannot be combined Please complete the form below in BLOCK CAPITALS. Title First name Family name Job title / Position Department Company Address City Post/zipcode Country Tel direct Tel main switchboard Fax Approving manager Training manager Please note that payment must be received prior to the start of the event. I have enclosed a cheque made payable to Incisive Financial Publishing Ltd. Please debit my: Amex Visa Mastercard Maestro Issue number New York November 3386 Card no: Expiry date CVS Account address if different from above Signature Date Incisive Financial Publishing Ltd. VAT No: GB For companies in EU member states only: Please write your VAT/TVA/BTW/IVA/ MCMS/MWST/FPA number here. Payment is required prior to the event. If you require an invoice please inform us stating whether you need an original or a fax copy. We accept company cheques, credit cards and bank transfers. Please allow a minimum of seven working days for a bank transfer to reach us and phone or fax us when it has been sent. Please state the event name and delegate name to which it relates. fax +44 (0) tel +44 (0)