Identifying new sources of liquidity through electronic bond trading platforms

Transcription

1 presents The Electronic Bond Trading Forum 9th & 10th September 2013 Hilton Tower Bridge, London #EBTF13 Identifying new sources of liquidity through electronic bond trading platforms Refreshment Sponsor: Bronze Sponsors: Exhibitors: Supporting Organisation: Confirmed speakers include: Lee Sanders, Head of FX and Fixed Income Execution, AXA Investment Management Christian Eckert, Head of European Fixed Income, Lazard Asset Management Chris Perryman, Vice President, Senior Trader, Fixed Income, Pinebridge Investments Bryn Jones, Head, Fixed Income, Rathbone Brothers Bruce Graham, Head of Credit Dealing, BNP Paribas Dealing Services Simon Maisey, Managing Director, Global Head of Rates ecommerce, JP Morgan Grant Wilson, Director, Credit E-Trading, Europe, Goldman Sachs Stephane Malrait, Managing Director, Global Head of Ecommerce, Societe Generale CIB Frederic Ponzo, Managing Partner, Greyspark Joséphine de Chazournes, Senior Analyst, Securities and Investments, Celent Sassan Danesh, Managing Partner,Etrading Software, Co-Head of Global Fixed Income Committee, FIX Protocol Robert Urtheil, Head of Europe and Asia, MarketAxess Niall Cameron, Global Head of Credit Trading, HSBC Frederic Dassori, Director, Fixed Income Electronic Trading, Credit Suisse Carl Sells, Vice President, Fixed Income, Alliance Bernstein Fabio Braga, Senior Associate, Trading Platforms and Settlement Policy Team, Financial Conduct Authority Neena Dholani, Head of Rates and Credit E- trading, Commerzbank Patrick Ludden, Operations MiFID/EMIR Consultant, Bank of America Merrill Lynch Brian Neer, Head of European Credit Trading and Global Head of Credit Derivative Product, Morgan Stanley Guido Galassi, Head of Product, MTS Roger Barton, Founder, Financial Reform Consultancy Enrico Bruni, Head of Europe and Asia, Tradeweb

2 DAY ONE AGENDA Monday 9th September :15 Registration and morning refreshments 09:00 Chairperson s opening remarks 09:15 Reviewing the trends in fixed income e-trading: Where are we now? What are the drivers pushing the fixed income trading market towards electronic trading? Will bond trades become smaller and more frequent as dealer inventories contract and bond trading is increasingly electronic? Will bond trading become as electronic as equities? What would have to be undertaken for this to be possible? Frederic Ponzo, Managing Partner, Greyspark Nathalie Masset, Deputy Director, European Debt Markets, NYSE Euronext BondMatch Nathalie Masset, Deputy Director, European Debt Markets, NYSE Euronext BondMatch Gherardo Lenti Capoduri, Head of Market Hub, Banca IMI 10:30 Morning refreshments and networking break sponsored by 09:45 Dealer insights: The changing face of market makers How are dealers reshaping their fixed income operations to reflect and take advantage of market movements? Maintaining key trading relationships in an electronic marketplace Is the traditional role of the dealer being eroded? Brian Neer, Head of European Credit Trading and Global Head of Credit Derivative Product, Morgan Stanley Grant Wilson, Director, Credit E-Trading, Europe, Goldman Sachs Niall Cameron, Global Head of Credit Trading, HSBC Neena Dholani, Head of Rates and Credit E-trading, Commerzbank Sassan Danesh, Managing Partner, Etrading Software, Co-Head of Global Fixed Income Committee, FIX Protocol, moderator 11:15 Examining the impact of macroeconomic changes in the Eurozone on the secondary bond market With primary market issuances at record highs, what impact will lack of liquidity in the secondary market have on the primary market? What impact is the Eurozone crisis having on secondary market trading of European corporate and government bonds? Mifid II, EMIR, and Basel III: Will Tough regulation severely impact trading in the secondary bond market? 12:00 Buyside perspectives: Examining the benefits and challenges of electronic bond trading What are the top issues dominating fund managers fixed income decision making and trading strategies? How much importance do fund managers place on operational efficiency and straight through processing? What is stopping the buyside from throwing their weight behind one particular platform? Lee Sanders, Head of FX and Fixed Income Execution, AXA Investment Management Chris Perryman, Vice President, Senior Trader, Fixed Income, PineBridge Investments Bryn Jones, Head, Fixed Income, Rathbone Brothers Carl Sells, Vice President, Fixed Income, Alliance Bernstein Rupert Bull, Partner, Expand Research, moderator 12:45 Lunch

3 14:15 Plugging the liquidity gap: How electronic bond trading can improve secondary market liquidity What is the market doing to bring back liquidity? What initiatives are out there? Examining whether the buyside should play a role in the cost of liquidity How can we move from liquidity puddles in multiple trading platforms to liquidity pools in more consolidated trading platforms? Robert Urtheil, Head of Europe and Asia, MarketAxess Simon Maisey, Managing Director, Global Head of Rates ecommerce, JP Morgan Bruce Graham, Head of Credit Dealing, BNP Paribas Dealing Services Enrico Bruni, Head of Europe and Asia, Tradeweb Christian Eckert, Head of European Fixed Income, Lazard Asset Management, moderator 16:45 Looking towards the future: Examining the keys to success in electronic bond trading Keys to success: Requirements for a successful bond trading platform Ownership structures: Examining the optimal ownership structures for e-trading platforms What will the landscape of traders, interdealer brokers, and technology providers look like in the next 5 years? Stephane Malrait, Managing Director, Global Head of Ecommerce, Societe Generale CIB Paul Reynolds, CEO, Bondcube 17:30 Chairperson s closing remarks followed by drinks reception 15:00 How Prime can add new secondary market liquidity to credit What is PRIME in credit? How can an order-driven model as an alternative way of trading add liquidity? What are the benefits of Prime for investors and for prime banks? Guido Galassi, Head of Product, MTS Lee Sanders, Head of FX and Fixed Income Execution, AXA Investment Management DAY TWO AGENDA Tuesday 10th September :30 Morning refreshments 15:30 Afternoon refreshments and networking break sponsored by Fixed Income Electronic Trading in the US: Comparisons with Europe Assessing the differences in electronic uptake for Treasuries and corporate bonds What will Nasdaq OMX s expansion into e-trading for treasuries mean for other stock exchanges expanding into fixed income e-trading? Dodd-Frank and the Volker Rule: Where will the opportunities lie once the rules are finalized? Frederic Dassori, Director, Fixed Income Electronic Trading, Credit Suisse Marshall Nicholson, Managing Director, Knight BondPoint 09:00 Chairperson s opening remarks 09:15 Advancing electronic trading platform offerings: Driving innovation How are platform providers working with the buy and sell-side to drive innovation in the new regulatory and economic environment? What types of matching mechanisms have proven most effective in fixed income platforms? CLOBs vs. RFQ vs. Auctions Creating inter-operability between trading venues: Will we see the emergence of one post-trade protocol, or will multiple be required? Sassan Danesh, Managing Partner, Etrading Software, Co-Head of Global Fixed Income Committee, FIX Protocol Euromoney Seminars 2013 Euromoney Seminars reserves the right to alter the venue and/or speakers. Euromoney Seminars is a division of Euromoney Trading Ltd.

4 10:00 The implementation of the pre and post trade transparency regime in Europe: Dealing with concerns of excessive reporting requirements How much influence has the industry had in lobbying for a properly calibrated pre and post trade transparency regime? Will the push for greater transparency and reporting of trading activity compromise the buyside s ability to achieve best execution? Examining whether the push for greater pre and post trade transparency will lead to the creation of equitystyle dark pools Adrian Gill, Head of Compliance, Xtrakter Sidika Ulker, Director, Capital Markets, Association for Financial Markets in Europe (AFME) Joséphine de Chazournes, Senior Analyst, Securities and Investments, Celent, moderator 10:45 Assessing the degree of electronic trading in government bonds: Which government bonds have a higher degree of electronification? Can UK Gilts be traded electronically at the same level as EU government bonds and US Treasuries? EU government bonds: Volumes and ticket levels traded electronically Focus on emerging markets: looking at the extent to which BRIC and CEEMEA government bonds are traded electronically and whether this area is poised for growth in the next few years Guido Galassi, Head of Product, MTS For further information on sponsorship or exhibition opportunities please contact Jon Fleming, Tel: +44 (0) , jfleming@euromoneyplc.com 11:15 Morning refreshments and networking break sponsored by 11:45 Regulation in the fixed income market: Opportunity or threat? EMIR and MiFID 2: Are there opportunities emerging from the increased level of regulatory compliance? Examining the lack of regulatory convergence between the EU and US: What impact is this having on trading on both sides of the Atlantic? What impact is regulation having on best execution? Fabio Braga, Senior Associate, Trading Platforms and Settlement Policy Team, Financial Conduct Authority Roger Barton, Founder, Financial Reform Consultancy, moderator 12:30 Looking at the possibility of a single central electronic bond trading platform: What are the challenges? The creation of an industry wide electronic trading platform: Where are we at? How viable is a single central platform considering the nature of trading in the bond market? Will we see a one-size-fits-all, mother of all standards for trading in fixed income securities? Stephane Malrait, Managing Director, Global Head of Ecommerce, Societe Generale CIB 13:15 Chairperson s closing remarks followed by lunch and close of conference Registration Desk Conference Room Limited exhibition space still available Available Available Networking Break area Available Media Partners

5 The Electronic Bond Trading Forum On the back of the success of our global portfolio of bond conferences, Euromoney Seminars proudly presents the inaugural Electronic Bond Trading Forum, the only event dedicated to the electronic trading of corporate and government bonds. The regulatory environment and technological advancements of the last few years have paved the way for the exciting developments in the world of bond trading. Increasing capital requirements and demand for more transparency are transforming the secondary bond trading market to an increasingly automated and venuedriven trading environment. London will play host to an esteemed line-up of speakers discussing the opportunities and challenges posed by the equification of the bond markets. The event offers an invaluable platform for debate and networking with the market s innovators, including the leading banks, asset managers, technology companies, industry associations and regulators active in fixed income e-trading. Join us this September in London to: Gain access to unparalleled networking opportunities with all key market players at the drinks reception, coffee breaks, and networking lunch Hear market insights and keys to success from top figures in the industry Establish your business as a cutting edge industry player in the marketplace for electronic bond trading Register now: Sponsorship Jon Fleming t: +44 (0) e: jfleming@euromoneyplc.com Registration Tom Barnes t: +44 (0) e: tbarnes@euromoneyplc.com Speakers Andreea Dinulescu t: +44 (0) e: adinulescu@euromoneyplc.com

6 Registration Fees Please quote ELE1202 on all correspondence To register for this event please complete your details below: Conference - Full Price after 26 July % Total 9th & 10th September 2013 Hilton Tower Bridge, London 5 Easy Ways to Register Online: registrations@euromoneyplc.com (UK) +44 (0) Telephone: (UK) +44 (0) or (US) Post: Tom Barnes Euromoney Seminars Nestor House Playhouse Yard London EC4V 5EX UK For multibooking discounts please contact Tom Barnes (tbarnes@euromoneyplc.com ) Delegates Delegate 1 (please print) Title (Mr/Mrs/Ms/Dr/Other): First Name: Surname: Job Title: Company: VAT No. (EU only): Address: Delegate 2 (please print) Title (Mr/Mrs/Ms/Dr/Other): First Name: Surname: Job Title: Company: VAT No. (EU only): Address: Delegate 3 (please print) Title (Mr/Mrs/Ms/Dr/Other): First Name: Surname: Job Title: Company: VAT No. (EU only): Address: Country: Postcode: Tel: Country: Postcode: Tel: The information you provide on this form will be used by Euromoney Trading Ltd. and its group companies ( we or us ) to process your order and deliver the relevant products/services. 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Payment is required on receipt of subsequent event invoice unless the registration is made on or after the 26th August 2013, when payment must be made at the time of registration. This is a prepaid event. If you cannot attend you must cancel your registration in writing no later than the 26th August 2013 to receive a refund minus a 10% administration charge. We cannot accept verbal cancellations. Cancellations made after this time are liable for the full conference fee. We suggest you send a substitute to attend in your place at no extra cost. Registration fee: The registration fee includes participation in the conference, lunches and documentation material, which will be available in electronic format the night before the event. Please use your username and password in order to access them. All bookings are considered binding on receipt of the booking form. Euromoney Seminars reserves the right to change the currency and pricing of conference at any time up to the date of the event Cannot attend? Please pass this brochure on to a colleague or you can purchase the online documentation for 699. If your company is registered within the EU please supply your VAT number. For immediate information on this and related events, please call our hotlines Telephone: (UK) +44 (0) or (US) or alternatively registrations@euromoneyplc.com For further information on sponsorship or exhibition opportunities please contact Jon Fleming, Tel: +44 (0) , jfleming@euromoneyplc.com