TradeTech FX 2017

11 - 13 September, 2017

Fairmont Rey Juan Carlos, Barcelona

+44 (0) 20 7368 9836

Day 1 - Tuesday 12th September 2017 - Navigating The New Market Order

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7:45 AM Conference Registration & Networking Breakfast

8:30 AM Welcome Address: Diane Mekie, TradeTech FX Europe Conference Director, WBR

8:35 AM Speed Networking

8:40 AM Chairperson’s Opening Remarks

Michael Melvin, Academic Coordinator, Rady School of Management, UCSD & Former Managing Director, Blackrock, Rady School of Management

 Michael Melvin
Michael Melvin
Academic Coordinator, Rady School of Management, UCSD & Former Managing Director, Blackrock
Rady School of Management

Michael joined the Rady School in 2016 to teach and coordinate the new Master of Finance program. Prior to his return to academia, he spent many years at BlackRock and Barclays Global Investors (BGI). At BlackRock and BGI, he led research-oriented currency and fixed income investment teams. Most recently he was a Managing Director in the Multi-A ...[Read More]

A 360° View From The Top
8:45 AM Buy Side Opening Keynote: Capturing alpha in FX through volatility trading

Girome Bono, CEO & CIO, White Marigold Capital

Girome is one of the world’s foremost experts on the foreign exchange options market. He has 25 years of trading experience - 10 years making markets and managing groups for leading FX banks and 15 trading on the buy side for a major hedge fund, BlueCrest. He specialises in relative value options trading using a combination of mathematical models and advanced technology. He has built his career on high absolute returns that are uncorrelated to other major asset classes. White Marigold Capital is an Alternative Investment Manager that specialises in capturing alpha through hybrid trading strategies. In spring of 2017, it will launch its first fund: The FX Volatility Fund.

Girome Bono
CEO & CIO
White Marigold Capital

Girome is one of the world’s foremost experts on the foreign exchange options market. He has 25 years of trading experience - 10 years making markets and managing groups for leading FX banks and 15 trading on the buy side for a major hedge fund, BlueCrest. He specialises in relative value options trading using a combination of mathematical model ...[Read More]

9:05 AM Buy Side Keynote Panel: It’s crunch time - How are buy side FX heads of trading and portfolio management addressing regulatory developments, an evolving market structure and technology innovations?

Andreas Anschperger, European Head of Foreign Exchange Trading, Allianz Global Investors

Christian Schoeppe, Head of FX Trading EMEA, Deutsche Asset Management

Robbie Boukhoufane, Global Head of Fixed Income & FX Trading, Schroder Investment Management

  • As the Jan 2018 deadline looms, is the buy side industry MiFID II ready? Have the timeline delays made the implementation of requirements more realistic, and what happens if firms are not compliant, including relationships with vendors and counterparties? What other key regulations are top of the agenda for buy side desks? 

  • How is a turbulent geo-political environment impacting liquidity and how do we expect it to impact trading going forward?

  • Where is investment going in e-FX trading: are we seeing the move towards a multi-asset world, and how can you streamline your trading processes to guarantee your trading activity is an accurate extension of the investment strategy?

  • How can you foster a closer partnership between portfolio management and execution to increase your FX division’s profitability?

 Andreas Anschperger
Andreas Anschperger
European Head of Foreign Exchange Trading
Allianz Global Investors

Andreas has been the European Head of Foreign Exchange Trading at Allianz Global Investors since 2004. Previously he worked at Citi and Dresdner. Andreas will be taking part in the Buy Side Keynote Panel Discussion ‘It’s crunch time - How are buy side FX heads of trading and portfolio management addressing regulatory developments, an evolving ...[Read More]

 Christian Schoeppe
Christian Schoeppe
Head of FX Trading EMEA
Deutsche Asset Management

Christian joined the company in 2000. Prior to his current role, Christian served as an International Equities and FX Trader. Previously, he worked in Corporate Asset Management at Deutsche Bank Frankfurt and Deutsche Bank Cologne. Christian won Foreign Exchange Trader Of The Year at the 2016 Alpha Trader Forum Awards and is on the TradeTech FX ...[Read More]

 Robbie Boukhoufane
Robbie Boukhoufane
Global Head of Fixed Income & FX Trading
Schroder Investment Management

At Schroder IM, Robert has full responsibility for the entire FX and FI execution process. He is on the TradeTech FX Advisory Board and will be contributing his expertise to the Panel Discussion ‘Between a Global Code Of Conduct ‘rock’ and a MiFID II ‘hard place’ - How are traders approaching regulatory challenges to achieve best execution and a ...[Read More]

9:45 AM Sell Side Keynote Panel: Are sell side firms embracing the spirit of the new regulation and transparency, and how are they adapting their business models in a period of regulatory challenges and liquidity constraints?

Moderated By:
Satnam Sohal
, Principal, Greenwich Associates

Chinedum Nzelu, Managing Director, Head of FX Automated Trading Strategies, JP Morgan

Ben Robson, Vice President AES FX Sales and Trading, Credit Suisse

Jeremy Smart, Head of Distribution, XTX Markets

Svante Hedin, Global Head of Electronic Markets, SEB

  • Execution models pros and cons: Principal, hybrid or agency model - is there space for all three models in the market? Is the trend towards agency execution providing the most transparent medium possible for clients to cover risk? 

  • How are the sell side reacting to the buy side’s needs in an evolving market structure, with new players entering the market offering liquidity? What kind of technology, tools and service are on offer to differentiate themselves? 

  • How have the new margin rules for NDFs impacted liquidity from a sell side perspective?

  • How can the sell side use algorithms to offer a more cost effective service to the buy side?

  • How are sell side firms addressing buy side concerns about the increasing “juniorisation” of sell-side sales traders?

 Chinedum Nzelu
Chinedum Nzelu
Managing Director, Head of FX Automated Trading Strategies
JP Morgan

 Ben Robson
Ben Robson
Vice President AES FX Sales and Trading
Credit Suisse

 Jeremy Smart
Jeremy Smart
Head of Distribution
XTX Markets

Jeremy is the Global Head of Distribution at XTX Markets, the cross-asset electronic liquidity provider. Prior to this Smart worked at RBS for three years as MD – Head of Fixed Income Electronic Distribution. He moved there in August 2012 from Morgan Stanley, where he had been a Managing Director in Foreign Exchange and Emerging Markets and more ...[Read More]

 Svante Hedin
Svante Hedin
Global Head of Electronic Markets
SEB

Svante oversees SEB’s electronic trading franchise across markets products including FX and Equities. With an original background in digital X-ray imaging, leading into financial engineering, he joined SEB in Stockholm in 2013, having come from J.P. Morgan in London where he worked as managing director and global head of eFX trading. Svante will ...[Read More]

Moderated By:

 Satnam Sohal
Satnam Sohal
Principal
Greenwich Associates

As a Principal at Greenwich Associates, Satnam leads the Firm's consulting engagements with its Fixed-Income, Equities, Derivatives, and FX sell-side clients across Europe. In the consulting role, he works with leading Global as well as Regional Banking players in Financial Markets to advise them on their market position (footprint, share, servi ...[Read More]

10:25 AM In Conversation: The role of new liquidity providers and what this means for your FX business

Kevin Kimmel, Global Head eFX, Citadel Securities

  • How has the emergence of new liquidity providers affected the FX market and what are the implications for your FX business? 

  • What should you look for when evaluating new and traditional liquidity providers?  

  • What are the best ways for liquidity takers and providers to work together in today’s market? 

  • What is the future of FX liquidity and where is there room for improvement?

 Kevin Kimmel
Kevin Kimmel
Global Head eFX
Citadel Securities

Kevin Kimmel manages the FX business at Citadel Securities. Prior to this role he led the firm’s Equities client algo business. Before joining Citadel Securities, Kevin worked on cross asset strategy at J.P. Morgan with a focus on building out the firm’s electronic trading capabilities. In this position he worked with the firm’s leaders to inves ...[Read More]

10:45 AM Morning Refreshment Break

New Frontiers In FX
11:20 AM Regulatory Keynote: The Global Code of Conduct Phase 2 – What is the adoption and adherence level currently, and how can you implement the guidelines in practice?

Chris Salmon, Executive Director, Markets, Bank of England

  • What are the key findings and best practice guidelines from Phase 2 released in May 2017? 

  • Addressing the thorny question of adherence and commitment to the code – what has been the initial reaction across the market?

  • How has Phase 2 of the Global Code impacted market behavior and key industry issues like last look

  • Embracing the spirit and ethos of the BIS framework – how a more transparent market benefits the industry

 Chris Salmon
Chris Salmon
Executive Director, Markets
Bank of England

Chris Salmon has been the Bank of England's Executive Director for Markets since June 2014. He is responsible for all Bank operations in financial markets; management of the Bank’s balance sheet and the UK's official foreign exchange reserves on behalf of HMT; and delivering market intelligence for monetary and financial stability. Chris has wor ...[Read More]

11:40 AM 360° Perspective: Liquidity in the spotlight - As the FX ecosystem becomes more complex, how can firms better assess FX trading opportunities via access to dealer, non-traditional dealer, and platform liquidity?

Nicholas Greenland, Managing Director, Global Head of Broker/Dealer Relationships,, BNYM Mellon Investment Management

Ruben Costa-Santos, Head of FX, ITG

David Mercer, CEO, LMAX Exchange

Darren Jer, COO and Co-Founder, MarketFactory

Simon Wilson-Taylor, Head of EBS Institutional, EBS Brokertec

Girome Bono, CEO & CIO, White Marigold Capital

  • Will there be further consolidation among venues and providers ahead, and if so how will this impact buy side firms as they becoming increasingly focused on finding ways to lower trading fees?

  • How can the buy side use TCA and algos to maximise their access to liquidity and demonstrate best execution? 

  • Aggregating a fragmented market - how can technology help you understand liquidity conditions to make more informed trading decisions?

  • Deep liquidity vs. recycled liquidity - how can firms ensure they are getting access to the right pools of liquidity and not just ‘recycled liquidity’? 

  • The unbundling of credit and execution - the rise of clearing and its impact on liquidity

 Nicholas Greenland
Nicholas Greenland
Managing Director, Global Head of Broker/Dealer Relationships,
BNYM Mellon Investment Management

Nicholas had been at BNYM AM since 2004, and was previously at Credit Suisse and Royal Bank of Scotland. Nicholas is on the TradeTech FX Europe Advisory Board and will be taking part in the Panel Discussion ‘Liquidity in the spotlight - As the FX ecosystem becomes more complex, how can firms better assess FX trading opportunities via access to ...[Read More]

 Ruben Costa-Santos
Ruben Costa-Santos
Head of FX
ITG

Ruben is the head of FX at ITG, a leading independent broker and financial technology provider, where he oversees foreign exchange activity across the Analytics, Execution, and Workflow Technology divisions. Previously Ruben worked at Deutsche Bank, where among other roles he served as head of FX Client Platforms for the Americas, responsible f ...[Read More]

 David Mercer
David Mercer
CEO
LMAX Exchange

David is the Chief Executive of LMAX Exchange, the leading MTF for FX, authorised and regulated by the FCA. A former banking executive and currency specialist, David joined as chief executive in 2011 and has transformed LMAX Exchange into one of the UK’s fastest growing technology companies (2015 Winner - Deloitte UK Technology Fast 50, Tech Tra ...[Read More]

 Darren Jer
Darren Jer
COO and Co-Founder
MarketFactory

Darren has led sales and operations in the financial services markets for over a decade. He co-founded MarketFactory with a vision of providing clean, fast code to the FX market, following his role as Head of New Business Sales Americas for EBS / ICAP. Prior to joining EBS, he was a Sales Executive for IBM Wall Street accounts. Darren will be p ...[Read More]

 Simon Wilson-Taylor
Simon Wilson-Taylor
Head of EBS Institutional
EBS Brokertec

Simon has worked in financial markets for 35+ years. Prior to working at NEX Group he held senior positions at State Street, where he founded and led the Global Link’s FX Connect platform, HSBC, CIBC, Record Currency Management and UBS. In 2007, Simon was ranked #16 in the world in Institutional Investor magazine’s listing of top international ...[Read More]

Girome Bono
CEO & CIO
White Marigold Capital

Girome is one of the world’s foremost experts on the foreign exchange options market. He has 25 years of trading experience - 10 years making markets and managing groups for leading FX banks and 15 trading on the buy side for a major hedge fund, BlueCrest. He specialises in relative value options trading using a combination of mathematical model ...[Read More]

12:20 PM Oxford Style Debate: True or false - Creating a consolidated tape in FX will become a reality in the next 5 years

David Mercer, CEO, LMAX Exchange

Lee Sanders, Head of FX and FI Dealing, AXA Investment Managers

Robert Savage, CEO, CC Track Solutions

  • Audience vote at the start of the debate to see if the audience votes for or against a consolidated tape becoming a reality in the next 5 years

  • Outlining the pros and cons - What are the benefits and drawbacks of setting up a consolidated tape in FX? Do FX markets have the need for a consolidated tape to improve transparency and create fairer market conditions? 

  • Is there sufficient technology in FX to now push a consolidated tape or do FX markets still have to innovate further before this becomes a reality?

  • Has the release of the code of conduct and ongoing regulation helped to push FX markets towards a consolidated tape?

  • Audience vote at the end of the debate to see if the panelists have been able to influence the vote in favor of their argument

 David Mercer
David Mercer
CEO
LMAX Exchange

David is the Chief Executive of LMAX Exchange, the leading MTF for FX, authorised and regulated by the FCA. A former banking executive and currency specialist, David joined as chief executive in 2011 and has transformed LMAX Exchange into one of the UK’s fastest growing technology companies (2015 Winner - Deloitte UK Technology Fast 50, Tech Tra ...[Read More]

 Lee Sanders
Lee Sanders
Head of FX and FI Dealing
AXA Investment Managers

Lee is the head of FX and FI Dealing for AXA IM, covering both the Paris and London offices. After 10 years as an Investment Manager, Lee made the move to trading to help set up an execution function for FI and FX and MM and this has slowly been rolled out to a more a global role. He has embraced changes in e-commerce and market structure and b ...[Read More]

 Robert Savage
Robert Savage
CEO
CC Track Solutions

Robert runs a small start up fund, CC Track Solutions, which is backed by CITIC Capital with 14 people and total AUM of $75 million. The focus of the fund is FX trading systematically, and Robert’s entire career has been focused on FX space starting with his work as a Quant strategist at Goldman. He will be chairing ‘Track C: Grasping The 2017 ...[Read More]

A Post-Brexit World
12:50 PM Political Keynote: Brexit - where are we now and what will be the real financial impact?

Rt Hon Nicky Morgan, MP, UK Parliament

 Rt Hon Nicky Morgan
Rt Hon Nicky Morgan
MP
UK Parliament

The Rt Hon Nicky Morgan MP served as Education Secretary and Minister for Women and Equalities from July 2014 until 14 July 2016. She served as an Assistant Whip in the coalition government until her appointment as Economic Secretary to the Treasury in October 2013. Nicky served as Financial Secretary to the Treasury and Minister for Women from ...[Read More]

1:10 PM Oxford Style Debate: True or False – Brexit will lead to London losing its position as the global FX hub

Helen Thomas, Senior Currency Portfolio Manager, SSGA

Christoph Hock, Head of Multi-Asset Trading, Union Investment

Phil Rush, Founder and Chief Economist, Heteronomics

  • Audience vote at the start of the debate to see if the majority believe London will lose its position as the global FX hub 

  • Panel arguments for: why London will lose its position as the global FX hub 

  • Panel arguments against: why London will remain the global FX hub 

  • Audience vote at the end of the debate to see if the panellists have been able to influence the vote in favour of their argument

 Helen Thomas
Helen Thomas
Senior Currency Portfolio Manager
SSGA

Prior to joining SSGA, Helen was a Partner at a global macro fund, ABD Investment Management LLP. Before that, Helen worked for thirteen years in foreign exchange at a number of investment banks, including Societe Generale and Merrill Lynch. She also spent time working in politics, as an advisor to George Osborne in the Office of the Shadow Cha ...[Read More]

 Christoph Hock
Christoph Hock
Head of Multi-Asset Trading
Union Investment

Union Investment is one of Europe’s leading asset managers. Christoph manages trading activities for the entire portfolio including: cash equities, fixed income, fund and ETF business, FX, listed and OTC derivatives, and securities lending, with extensive experience in portfolio management and trading. Christoph won the award for Head of Tradi ...[Read More]

 Phil Rush
Phil Rush
Founder and Chief Economist
Heteronomics

Phil is the Founder and Chief Economist of Heteronomics. Until launching in November 2016, he was Nomura's Senior European Economist and was the Chief UK Economist there since 2010. Before that, he was UK Economist at Barclays Wealth, where he also developed strategic asset allocation models for their market return portfolios. Philip started his ...[Read More]

Lunch Break

1:50 PM Networking Lunch

Invite Only Think Tank

Exclusive Invite Only Buy Side Think-Tank: How can the buy side better collaborate to drive mutually beneficial initiatives forward?

Andrew Maack, Head of FX Trading, Vanguard

Paul Goater, Director, Wholesale Markets and Collateral Management, Prudential Capital

Patrick Fleur, Head of Trading and Execution, PGGM

Open to 15 Heads of FX Trading
Lunch will be served during this session

 Andrew Maack
Andrew Maack
Head of FX Trading
Vanguard

Andrew Maack, CFA, is responsible for all FX trading activities at the 3rd largest money manager in the US, Vanguard, where he supports equity and fixed income portfolios globally. In this role, Andrew ensures a robust TCA system is in place to effectively measure and prove best execution on their FX trading desk. Andrew will be hosting the Buy ...[Read More]

Paul Goater
Director, Wholesale Markets and Collateral Management
Prudential Capital

Paul has been at Prudential since 2004. He will be a Participant in the Buy Side Think Tank ‘How can the buy side better collaborate to drive mutually beneficial initiatives forward?’ on 12th September.

...[Read More]

 Patrick Fleur
Patrick Fleur
Head of Trading and Execution
PGGM

Patrick is head of the Trading & Execution Desk at PGGM, a role which he has held since September 2007. PGGM is the third biggest asset manager for pension funds in Europe, where Patrick heads a team of professionals who can hold risk or act as an agent servicing 16 different teams of portfolio managers across all liquid asset categories. He is ...[Read More]

Track A: Mastering Best Execution

3:10 PM Panel Discussion: Between a Global Code Of Conduct ‘rock’ and a MiFID II ‘hard place’ - How are traders approaching regulatory challenges to achieve best execution and a fully compliant trading desk?

Robbie Boukhoufane, Global Head of Fixed Income & FX Trading, Schroder Investment Management

Pamela Gachara, Manager, Capital Markets, The Investment Association (IA)

Zoran Mavrinac, Senior MD, Curex Group

Brigid Taylor, Managing Director, ACI FMA

  • How prepared is the industry for the new regulatory landscape? Are most firms aware of enhancements to best execution monitoring and how can you assess whether they are suitable and proportionate for your business model?

  • How are the Code Of Conduct Phase 2 recommendations being implemented, who monitors them and what are the ramifications if you do not follow them? 

  • What do firms feel is missing from Phase 2, or unclear – and does it need to be made more stringent? 

  • How is the global code going to look in 10 years time? Are we really changing the culture, and is it fit for purpose?

  • What must firms prioritise throughout 2017 to meet the January 2018 MiFID II deadline?

  • How can firms overcome operational and infrastructural challenges to remain profitable? Do you have a plan B to make a profitable business in the future?

 Robbie Boukhoufane
Robbie Boukhoufane
Global Head of Fixed Income & FX Trading
Schroder Investment Management

At Schroder IM, Robert has full responsibility for the entire FX and FI execution process. He is on the TradeTech FX Advisory Board and will be contributing his expertise to the Panel Discussion ‘Between a Global Code Of Conduct ‘rock’ and a MiFID II ‘hard place’ - How are traders approaching regulatory challenges to achieve best execution and a ...[Read More]

 Pamela Gachara
Pamela Gachara
Manager, Capital Markets
The Investment Association (IA)

 Zoran Mavrinac
Zoran Mavrinac
Senior MD
Curex Group

Zoran has been at Curex since 2011, and was previously at HotspotFX. Cürex is the Foreign Exchange Choice for Best Execution for Institutional Clients ("Buyside"). We help our clients to meet their regulatory and fiduciary mandates and reduce cost of execution. Zoran will be taking part in the Panel DIscussion ‘Between a Global Code Of Conduct ...[Read More]

 Brigid Taylor
Brigid Taylor
Managing Director
ACI FMA

Brigid’s primary focus is delivering a solution to attest and measure adherence to Global Codes of Conduct for financial market participants in buy side, sell side and intermediaries, as well as Regulators and Central Banks. She also assists ACI National Associations across 64 countries to meet regulatory requirements within their country and r ...[Read More]

Track B: Preparing For Additional Clearing And Margin Requirements

360° Perspective: Variation margin and collateralisation rules - What has been and will be the effect on liquidity and the impact to the buy and sell side, and has it reduced industry risk?

Vincent Dessard, Senior Regulatory Policy Advisor, EFAMA

Virginie Queval, Head of FX Trading, Legal & General

Tim Urch, Head of Trading Operations, Macro Currency Group

  • What impact have margin variation and collateralisation rules had on the buy side - do the benefits outweigh the additional costs? Have the new requirements had the desired effects to make un-cleared transactions safe?

  • Was the industry caught off guard by the deadline of 1 March for collateralisation of NDFs and other non-spot FX instruments, and did trading desks feel that there was enough support from banks? 

  • How have the sell side been affected? Has it had a deteriorating effect on liquidity? 

  • What have been and will be the result if firms can’t comply?

  • How can you ensure you have the additional capital and infrastructure required to make meet these daily margin calls?

 Vincent Dessard
Vincent Dessard
Senior Regulatory Policy Advisor
EFAMA

Vincent is in charge of capital markets, capital requirements and risk management related files. Vincent is a company lawyer, and member of the Belgian Institute for In-House Lawyers. On the back of ongoing regulatory reform, Vincent will be providing expertise on how the FX market structure has been impacted by regulation on the Panel ‘Variatio ...[Read More]

 Virginie Queval
Virginie Queval
Head of FX Trading
Legal & General

Virginie has been Head of FX Trading at Legal & General since 2013, and was previously at Commerzbank and BNP Paribas. Virginie will be joining the Panel Discussion ‘Variation margin and collateralisation rules - What has been and will be the effect on liquidity and the impact to the buy and sell side, and has it reduced industry risk?’ on the ...[Read More]

 Tim Urch
Tim Urch
Head of Trading Operations
Macro Currency Group

The Macro Currency Group is the specialist currency investment boutique of Principal Global Investors. Based in London and Sydney, the Macro Currency Group has been managing currency mandates on behalf of clients for over 17 years. Their currency management strategies include leveraged and unleveraged absolute return, beta and currency hedging s ...[Read More]

Track C: Grasping The 2017 Geo-Political And Regulatory Landscape

360° Perspective: Geo-political investment trends in the new world order - What major events in 2017 will have the biggest impact on FX markets, and how can you set up a winning strategy to capitalize on these?

Brigitte Le Bris, Managing Director, Head of FX and Global EM, Natixis Asset Management

Achim Walde, Senior Currency Overlay Manager, B. Metzler

Derek Arnold, FX Portfolio Manager, Pioneer Investments

Kit Juckes, Global Head of FX Strategy, Societe Generale CIB

Olivier Doleires, Head of Foreign Exchange Management, Union Bancaire Privee

Marc Chandler, Head of FX Strategy, Brown Brothers Harriman

Moderated By:
Robert Savage
, CEO, CC Track Solutions

  • What is the tail risk associated with the UK voting itself out of the EU – is there a clear vulnerability for the sterling? Can London remain the global FX trading hub?

  • What are the key fundamentals and drivers of the US dollar in 2017 and 2018? Will political change in the United States inspire drastic shifts to investment regimes and conditions or will it be mitigated by strong economic policy continuity?

  • What do the major elections in Europe mean for the Eurozone - Is there a risk of further break-up? How will the effect of additional member countries leaving the EU put stress on the Euro and ultimately impact interest rates and global capital markets? 

  • What is the outlook for the pound and the Euro in 2017 and how can you best manage the risks associated with the two currencies? 

  • What investment opportunities can be found amidst the uncertainty?

 Brigitte Le Bris
Brigitte Le Bris
Managing Director, Head of FX and Global EM
Natixis Asset Management

Brigitte Le Bris heads up the FX strategy for Natixis Asset Management, the 7th largest money manager in Europe, where she has been since September 2010 as Head of Currency and Global Fixed Income. Brigitte is directly responsible for the strategy within both emerging market and G10 currencies. Brigitte is on the TradeTech FX Europe 2017 Adviso ...[Read More]

 Achim Walde
Achim Walde
Senior Currency Overlay Manager
B. Metzler

Achim has a 20 year+ track record in FX and FI management including 15 years of leadership responsibility. He has comprehensive experience with mutual funds, segregated accounts and CTA platforms (running an alpha currency programme with an excellent performance record), as well as various client segments: institutional, private, retail, and ult ...[Read More]

 Derek Arnold
Derek Arnold
FX Portfolio Manager
Pioneer Investments

Derek manages Pioneer's absolute return currency fund (€1bn AUM), which has a 5 year track record, positive every year. All major liquid currencies traded, both G10 and Emerging markets, with outright, relative value and volatility strategies traded using FX forwards, NDF's and options. Derek will be taking part in the Panel Discussions ‘Geo-po ...[Read More]

 Kit Juckes
Kit Juckes
Global Head of FX Strategy
Societe Generale CIB

Kit s joined Societe Generale as Global Head of FX Strategy in 2010, before taking an additional role covering fixed income, credit and currency strategy. Before joining the bank, Kit was Chief Economist at the ECU Group, a London based currency management firm. Prior to this, he worked at RBS Global Banking & Markets as Global Head of Research. ...[Read More]

 Olivier Doleires
Olivier Doleires
Head of Foreign Exchange Management
Union Bancaire Privee

Olivier is the head of the Currency Management Foreign Exchange team for the UBP Investment Management division. He has designed and set up the FX platform for Asset Management. His team manages passive and active currency risk as well as tailor made FX strategies across funds and mandates. Olivier has developed an active investment process for ...[Read More]

 Marc Chandler
Marc Chandler
Head of FX Strategy
Brown Brothers Harriman

Marc has 30 years of experience in the FX market. He started his career in 2005 at BBH as Global Head Of Currency Strategy. His current research projects include global imbalance and the relationship between savings, investment and growth. Marc is often called upon to provide macro-economic expertise on CNBC and Bloomberg amongst other media. Ma ...[Read More]

Moderated By:

 Robert Savage
Robert Savage
CEO
CC Track Solutions

Robert runs a small start up fund, CC Track Solutions, which is backed by CITIC Capital with 14 people and total AUM of $75 million. The focus of the fund is FX trading systematically, and Robert’s entire career has been focused on FX space starting with his work as a Quant strategist at Goldman. He will be chairing ‘Track C: Grasping The 2017 ...[Read More]

Track D: Small Interactive Boardrooms and Workshops (Maximum 25 Delegates – Buy Side Only)

Synergy Workshop: More than just TCA box ticking - How to achieve the most impartial picture of the market to help satisfy best execution obligations

David Wright, Global Head of MSET FX, Morgan Stanley

  • Realising the benefits of FX TCA during the full trade life cycle - how can you maximise the value of your current TCA system?

  • How can you prove to your end clients that your TCA methodology is best suited and guaranteed to prove best execution?

  • FX vs Equities TCA - why is the equities TCA methodology flawed for FX and how can FX TCA catch up to equities TCA standards?

  • How can the current FX TCA methodologies be improved for the future to satisfy your best execution needs?

 David Wright
David Wright
Global Head of MSET FX
Morgan Stanley

David has been at Morgan Stanley since 2003, and was previously a Product Manager at FXall, and an Associate Director at UBS. David will be hosting the Workshop ‘More than just TCA box ticking - How to achieve the most impartial picture of the market to help satisfy best execution obligations’ on the 12th September.

...[Read More]

Track A: Mastering Best Execution

3:50 PM In Conversation: How can you better source algos, measure their performance, and establish the best times to use them?

Danielle Caravetta, Director of Institutional Sales, Pragma

Michael Walsh, COO & CFO, White Marigold Capital

Rajib Ranjan Borah, Director, iRage Capital

  • Accelerating your algo capabilities in the new regulatory landscape - what are the standards you should expect from FX algos to best meet your best execution needs?

  • Sorting the wheat from the chaff - how can you establish the differences between different sets of algos from different providers?

  • The latest in algo innovation - what are the third generation algos coming to the fore, including VWAP algos, dynamic algos, and the use of AI, and how and why should you use them? 

  • How are providers helping the buy side manage the settlement complexities involved with algorithmic trades?

 Danielle Caravetta
Danielle Caravetta
Director of Institutional Sales
Pragma

Danielle is the Director of Institutional Sales for Pragma, responsible for the global sales initiative for Pragma’s multi-asset, independent quantitative trading technology solutions. Prior to joining Pragma in 2013 she was a Director within the Advanced Execution Services division at Credit Suisse and responsible for sales in the Americas for ...[Read More]

 Michael Walsh
Michael Walsh
COO & CFO
White Marigold Capital

Michael has more than 28 years’ financial market experience in London, Paris, Dublin, and New York across FX, Interest Rates, Prime Brokerage and Relationship Management. He has worked in senior market roles at Paribas Capital Markets, ABN Amro, Royal Bank of Scotland, and Lloyds Banking Group. He is a member of The Global Irish Economic Forum, ...[Read More]

Rajib Ranjan Borah
Director
iRage Capital

Rajib is the co-founder at iRage - a High Frequency Trading firm based in India. At iRage he manages the trading business - contributing a significant portion of the exchange volumes in derivative segments in Asian exchanges. At QuantInsti, which provides a globally unique online program on algorithmic trading, Rajib works with exchanges and oth ...[Read More]

Track B: Preparing For Additional Clearing And Margin Requirements

Fireside Chat: The rise of clearing – Are we moving towards a new era in FX, and how can you adapt your firm to address the repercussions on liquidity and market structure?

John Lund, Derivatives Clearing and Collateral Management, JXL Consulting

  • How do clearing houses see regulation driving their business and how will they disintermediate?

  • What are the alternative models for clearing and who can provide a reliable clearing service under the new requirements?

  • Will market participants now voluntarily clear FX products that do not fall under clearing requirements? If the framework for a clearing model exists, how long until it becomes a reality?

  • How does blockchain technology help provide real time clearing and settlement? Will it eliminate the need for a central depository?

 John Lund
John Lund
Derivatives Clearing and Collateral Management
JXL Consulting

John has worked in capital markets for 15 years+ (10 at Accenture and 8+ as independent consultant). He has extensive experience in derivatives and collateral management having worked both with the sell-side (clearing members) and buy-side (asset managers) and is currently working with asset managers on strategy to meet market and regulatory dri ...[Read More]

Track C: Grasping The 2017 Geo-Political And Regulatory Landscape

In Conversation: How should and are Central Banks intervening in the FX markets, and how is their influence growing?

Chris Salmon, Executive Director, Markets, Bank of England

Felix Adam, Founder, ACT Currency

  • BIS central banks have signaled their commitment by announcing that they will follow the Global Code of Conduct, and that they expect that their counterparties will do so too – what will be the consequences for those who don’t?

  • Examining the growing influence of central banks – are they playing a bigger role in the FX market and in financial markets generally, and is this going to continue to increase and at the same speed? 

  • How effective have central banking policies been - have they had the desired impact to improve the economy?

  • With many Central Banks reversing recent policies, is there a limit to how far monetary policy can go?

  • Have central banks considered using algos to intervene?

 Chris Salmon
Chris Salmon
Executive Director, Markets
Bank of England

Chris Salmon has been the Bank of England's Executive Director for Markets since June 2014. He is responsible for all Bank operations in financial markets; management of the Bank’s balance sheet and the UK's official foreign exchange reserves on behalf of HMT; and delivering market intelligence for monetary and financial stability. Chris has wor ...[Read More]

 Felix Adam
Felix Adam
Founder
ACT Currency

Felix is the founder and CEO of ACT Currency Partner, a Hedge Fund Manager with 20 years of history in working with institutional clients. The prime focus of ACT is generation of alpha in currency, option and precious metals, which is reflected in an average performance of 7.6% for the last 8 years. ACT Incubation's business model offers investm ...[Read More]

Track D: Small Interactive Boardrooms and Workshops (Maximum 25 Delegates – Buy Side Only)

Session Continued

4:10 PM Afternoon Refreshment Break

Track A: Mastering Best Execution

4:40 PM 360° Perspective: Driving transparency - How can you prove to your end clients that your TCA methodology is best suited and delivering best execution

Bhavesh Trivedi, Fixed Income Dealer, Old Mutual Global Investors

Franz Schmidpeter, Managing Director, Curex Group

Mauricio Sada-Paz, Co-Head EMEA FX Sales, BAML

Daniel Chambers, Head of Trading, Sequoia Capital Fund Management

Moderated By:
Pamela Gachara
, Manager, Capital Markets, The Investment Association (IA)

  • Fuelling your TCA – How can you ensure you have reliable independent data, and that there aren’t conflicts of interest?

  • TCA Innovation: What’s the difference between box ticking vs. real value? What new advances are being made in pre and post trade analysis and which providers are leading the way with genuinely useful offerings? 

  • What are the crucial insights pre-trade TCA can give your FX trading desk? How does real time TCA work? 

  • A mix of all three models to satisfy best execution obligations - should buy side firms have a combination of third party TCA, broker’s TCA and in house build to provide the most clarity and an impartial picture of the market?

Bhavesh Trivedi
Fixed Income Dealer
Old Mutual Global Investors

Bhavesh is a Fixed Income Dealer at Old Mutual Global Investors, and was previously at Record Currency Management. He will be taking part in the Panel Discussion ‘Driving transparency - How can you prove to your end clients that your TCA methodology is best suited and delivering best execution?’ on the 12th September.

...[Read More]

 Franz Schmidpeter
Franz Schmidpeter
Managing Director
Curex Group

Franz has been at Curex since 2014. Cürex is the Foreign Exchange Choice for Best Execution for Institutional Clients ("Buyside"). We help our clients to meet their regulatory and fiduciary mandates and reduce the cost of execution. Franz will be taking part in the Panel Discussion ‘Driving transparency - How can you prove to your end clients ...[Read More]

 Mauricio Sada-Paz
Mauricio Sada-Paz
Co-Head EMEA FX Sales
BAML

Mauricio is Co-Head of EMEA FX Sales and Global Head of eFX Sales. He has a dual mandate in EMEA of running EMEA FX Sales and increasing BofAML’s penetration electronically with high content clients. Globally the objective is to drive a clear vision of our Electronic Sales strategy and to continue to improve the eFX product working with trading ...[Read More]

 Daniel Chambers
Daniel Chambers
Head of Trading
Sequoia Capital Fund Management

Daniel will be participating in the Panel Discussion ‘Driving transparency - How can you prove to your end clients that your TCA methodology is best suited and delivering best execution?’ on the 12th September.

...[Read More]

Moderated By:

 Pamela Gachara
Pamela Gachara
Manager, Capital Markets
The Investment Association (IA)

Track B: Re-Evaluating Your Trading Set Up

In Conversation: Where do Heads of Trading Technology see the major opportunities in creating an optimal multi-asset trading and technology infrastructure?

Stuart Shearer, VP, Trading Technology, Wellington Management

Vipul Chandna, Head of Business Solutions, Sarasin & Partners LLP

  • How close are FX providers to offering a ‘one-stop shop’ solution to making a streamlined trading process a reality?

  • Build or buy - how can firms identify areas and services that can be outsourced to vendors vs where the firm should continue to build internally?

  • Where do heads of trading technology see investment going over the next 5-10 years?

  • When will and should the buy side start paying for execution venues? And will all providers end up being the same cost?

 Stuart Shearer
Stuart Shearer
VP, Trading Technology
Wellington Management

Stuart has been at Wellington Management since 2013, and was previously at Citi. He is on the TradeTech FX 2017 Advisory Board, and will be participating in the session ‘Where do Heads of Trading Technology see the major opportunities in creating an optimal multi-asset trading and technology infrastructure?’ on the 12th September.

...[Read More]

 Vipul Chandna
Vipul Chandna
Head of Business Solutions
Sarasin & Partners LLP

Vipul’s primary responsibility is to provide business solutions by leveraging technology and process know how for the Investment team. The areas he covers include change management and business analysis, vendor relationships for 3rd party investment systems, IT strategy and business process improvement amongst other things. Vipul will be taking ...[Read More]

Track C: Grasping The 2017 Geo-Political And Regulatory Landscape

Global Currency Roundtables: Breaking down geo-political boundaries – All you need to know about currency trends to meet your investment objectives across global jurisdictions

Marc Chandler, Head of FX Strategy, Brown Brothers Harriman

Helen Thomas, Senior Currency Portfolio Manager, SSGA

Paul Chappell, Chief Investment Officer, C View

Rajib Ranjan Borah, Director, iRage Capital

Join these informal, locality specific roundtables hosted by one individual expert in that jurisdiction. This is your chance to quiz a market expert on where the opportunities lie in a continent of your choice, and the implications this will have on currency investing. Each roundtable is limited to 10 buy side to entice an interactive, open discussion. Drill down on the major macro indicators affecting each jurisdiction: 

USA Roundtable - What impact is the Trump era having on US capital markets? 

Hosted By: Marc Chandler, Head of FX Strategy, Brown Brothers Harriman

Europe Roundtable - What does Brexit and recent and upcoming European elections mean for the European investment landscape? 

Hosted By: Helen Thomas, Senior Currency Portfolio Manager, SSGA

Asia Roundtable – Algorithmic trading opportunities in Asia – challenges and opportunities

Hosted by: Rajib Ranjan Borah, Director, iRage Capital

EM Roundtable - Are emerging markets finally set to rally significantly in 2017/2018?

Hosted By: Paul Chappell, Chief Investment Officer, C View

 Marc Chandler
Marc Chandler
Head of FX Strategy
Brown Brothers Harriman

Marc has 30 years of experience in the FX market. He started his career in 2005 at BBH as Global Head Of Currency Strategy. His current research projects include global imbalance and the relationship between savings, investment and growth. Marc is often called upon to provide macro-economic expertise on CNBC and Bloomberg amongst other media. Ma ...[Read More]

 Helen Thomas
Helen Thomas
Senior Currency Portfolio Manager
SSGA

Prior to joining SSGA, Helen was a Partner at a global macro fund, ABD Investment Management LLP. Before that, Helen worked for thirteen years in foreign exchange at a number of investment banks, including Societe Generale and Merrill Lynch. She also spent time working in politics, as an advisor to George Osborne in the Office of the Shadow Cha ...[Read More]

 Paul Chappell
Paul Chappell
Chief Investment Officer
C View

Paul Chappell is Chief Investment Officer of C-View Limited, which he established in 1996, launching the C-View Currency Managed Account Program, which has produced consistent risk adjusted returns since inception. In 2008 C-View launched the C-View Emerging, Developing and Minor Currency Program to capitalise upon the Company’s particular exp ...[Read More]

 Rajib Ranjan Borah
Rajib Ranjan Borah
Director
iRage Capital

Rajib is the co-founder at iRage - a High Frequency Trading firm based in India. At iRage he manages the trading business - contributing a significant portion of the exchange volumes in derivative segments in Asian exchanges. At QuantInsti, which provides a globally unique online program on algorithmic trading, Rajib works with exchanges and oth ...[Read More]

Track D: Small Interactive Boardrooms and Workshops (Maximum 25 Delegates – Buy Side Only)

Synergy Workshop: Credit Suisse look under the covers of Algo Execution - As clients continue to seek sophisticated strategies, the demand to better understand the drivers behind smart order routing and liquidity selection become increasingly important. What does optimal execution mean to you?

Hosted by Credit Suisse

  • Pre-trade: Which factors should drive your execution strategy selection? 

  • Intra-trade: Venue selection and balancing market fragmentation vs. market impact. What to look out for when posting vs. sweeping liquidity. 

  • Post-trade: Analysing the cost of execution. Which metrics and benchmarks should matter to you?

Track A: Mastering Best Execution

5:10 PM Session Continued

Track B: Re-Evaluating Your Trading Set Up

Case Study: FX Options Deep Dive – As Volumes Flourish, How Can You Incorporate Them Into Your Portfolio To Generate Alpha?

Oscar Salem, Partner, Cold Spring Asset Management

  • As the last FX instrument to move from OTC markets to electronic platforms, and best execution requirements pushing FX options volumes up – how can you take advantage of this new investment trend?

  • What are the current structural inefficiencies when investing in FX options and how can you overcome them? 

  • Where is the FX options space heading from an investment trend point of view? 

  • What are the best ways of incorporating FX options in your portfolio

Oscar Salem
Partner
Cold Spring Asset Management

Track C: Grasping The 2017 Geo-Political And Regulatory Landscape

Session Continued

Track D: Small Interactive Boardrooms and Workshops (Maximum 25 Delegates – Buy Side Only)

Session Continued

5:30 PM Chairperson’s closing remarks

Michael Melvin, Academic Coordinator, Rady School of Management, UCSD & Former Managing Director, Blackrock, Rady School of Management

 Michael Melvin
Michael Melvin
Academic Coordinator, Rady School of Management, UCSD & Former Managing Director, Blackrock
Rady School of Management

Michael joined the Rady School in 2016 to teach and coordinate the new Master of Finance program. Prior to his return to academia, he spent many years at BlackRock and Barclays Global Investors (BGI). At BlackRock and BGI, he led research-oriented currency and fixed income investment teams. Most recently he was a Managing Director in the Multi-A ...[Read More]

5:35 PM Cocktail Drinks Reception – Sponsored By Citadel Securities
























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