TradeTech Europe 2017 (past event)
25 - 26 April, 2017
Palais des Congrès de Paris
Contact Us: 44 (0)207 368 9548
Mastering the Changing Market Structure and Search for Liquidity
08:30 - 09:00 Refreshments and Registration
09:00 - 09:05 Chair’s Opening Remarks
09:05 - 09:30 OPENING KEYNOTE INTERVIEW: Brexit- where are we now and what will be the real financial impact?
09:30 - 10:10 KEYNOTE DISCUSSION PANEL: Europe’s current and future equity trading landscape - With changes in economies of dealing, who will survive vs thrive in 2018?
Speakers:
Eric Boes Global Head, Trading Allianz Global Investors
Fabien Oreve Global Head, Trading Candriam Investors Group
Sarah Heffron Managing Director, Head of Electronic Client Solutions J.P. Morgan
David Shrimpton Head, Prime Clearing EU, Head, European Equities Market Structure Goldman Sachs
Chris Jackson Head of Equities, EMEA Liquidnet
Eric Boes Global Head, Trading Allianz Global Investors
Fabien Oreve Global Head, Trading Candriam Investors Group
Sarah Heffron Managing Director, Head of Electronic Client Solutions J.P. Morgan
David Shrimpton Head, Prime Clearing EU, Head, European Equities Market Structure Goldman Sachs
Chris Jackson Head of Equities, EMEA Liquidnet
- With so many new players in the market, how will these players survive and who will thrive?
- How will niche players and bulge bracket players find their foothold in the market? What will happen to the middle ground?
- With consolidation, where is the data and trading moving to? Will there be slippage, market impact and changes in liquidity?
- How are sell side trading desks adapting to this change? How are they broadening their knowledge in market structure, market performance, PT, resourcing of research payments
- Are sell side counterparts moving to the buy side, and if so, what does this mean?
- Is there the potential for full buy side desk automation and the rise of outsource trading desk and how will this shift market structure?
David Shrimpton
Head, Prime Clearing EU, Head, European Equities Market StructureGoldman Sachs
10:10 - 10:25 The execution landscape under MiFID II
Morning Refreshment Break and Networking
10:25 - 11:05 Morning Refreshment Break and NetworkingWomen in Trading Think Tank
10:25 - 11:05 WOMEN IN TRADING THINK TANK: Connecting the next generation of women business leaders- Make direct connections that lead to real business deals, benefitting you and your organisation
- Extend your professional network amongst the next generation of leading women and trading professionals
- Enhance your career by learning from, and being inspired by, some of Europe’s most successful and influential women leaders
11:05 - 11:45 KEYNOTE DISCUSSION PANEL: How will the shift in research payments impact front office operations and execution strategies?
- How are brokers pricing and valuing research and how can buy side best prepare for this?
- How is this research being consumed, evaluated and ranked by the buy side? What are the top considerations for setting research budgets and how can you ensure this is compliant?
- With research quality now being questioned, will there be a flurry of research-only houses? Will this impact current broker numbers on the buy side books and how will this impact execution choice?
- What are the benefits of moving from CSAs to RPAs and why is this is necessary in light of MiFID II? What role does the trading desk have in this decision given a shift in responsibilities?
11:45 - 12:15 GUEST SPEAKER KEYNOTE: The real Hurt Locker - Counter-terrorist bomb disposal: An inspirational story of extreme pressure, deadly devices and the critical role of risk analysis
Major Chris Hunter
Iraq Bomb Disposal ExpertInspiration Behind Oscar-winning film The Hurt Locker
12:15 - 12:20 5 minute transition time into stream sessions
STREAM A: Sourcing and Responding to Liquidity
12:20 - 12:40 FIRE SIDE CHAT: The aftermath of Brexit in Europe - what are the repercussions in asset allocation and equity performance?- Insight into the economic impact of Brexit and how this has impacted the UK and European markets
- How has Europe been affected by Britain’s choice to leave the EU and how have relationships with the city as a financial hub been altered?
- Will competency be shifted to another country in the EU and if so where?
- Are current changes and implications on Brexit with currency and money representative of what will happen in the next coming years?
- How can the UK ensure ‘passporting’ for financial services firms to access the EU single market and what domestic legislative changes will the UK have to undertake to ensure market access?
STREAM B: Creating the Trading Desk of Tomorrow
12:20 - 12:40 FIRE SIDE CHAT: Behavioural bias – how does the psychology of trading change in times of uncertainty?- What happens to behavior as paradigms shift?
- What happens to people when they are increasingly restricted, but there is the constant need for innovation?
- How can understanding human behaviour help us make better investment decisions?
- How far are we from developing behavioural models that feed into best execution monitoring?
Small Interactive Boardrooms And Workshops
12:20 - 12:40 BUY SIDE-SELL SIDE COLLABORATION: Traders decoded- what is the role of a buy side and sell side trader in 2018?
Speaker:
Christoph Hock Head, Trading Union Investment
Moderator:
Marcus Hooper Private Consultant .
Christoph Hock Head, Trading Union Investment
Moderator:
Marcus Hooper Private Consultant .
- How has the skill set and focus of a buy side trader changed over the last 5 years?
- What is the role of a sell side electronic trader in today’s market?
- How has the value of these roles changed and evolved?
- What is expected to change in the next 5 years and why is this important?
(Limited to 20 professionals, 10 buy side traders, and 10 sell side traders, will discuss in a boardroom format. The session will be moderated by an independent professional and the session in run Chatham House. This is first come, first served session and if you would like to attend, please contact Susie.benaim@wbr.co.uk.)
STREAM A: Sourcing and Responding to Liquidity
12:40 - 13:10 PANEL DISCUSSION: How is changing economic stability in the Russian market influencing international access and will liquidity dynamics become more attractive in 2018?- How to get in on the action-what are the easiest and safest investment strategies?
- Current evaluation and challenges of the Russian economy and predictions for the future
- Riding the wave of volatility- are equities and equity-like products the answer?
- What are the returns and do they outweigh the risk?
STREAM B: Creating the Trading Desk of Tomorrow
12:40 - 13:10 FIRE SIDE CHAT: Talent management and desk restructuring- how to design a trading desk in line with next-generation trading- How are traditional trading responsibilities changing given MiFID II?
- How can you empower both trading and investment functions to improve workflow efficiency across trading and portfolio management?
- When are specialist traders preferable over generalist trader?
- Outsourcing vs internal training-what strategy is needed for developing the best team?
- What other departments and functions are emerging due to changing regulation and improved data analysis?
- Skill sets of the future-what are the requirements of both traders and portfolio managers to successfully thrive in a liquidity-poor market?
Small Interactive Boardrooms And Workshops
12:40 - 13:10 Session continues
Session Continues
13:10 - 14:10 Lunch and Networking
STREAM A: Navigating and Evaluating Venues
14:10 - 14:40 PANEL DISCUSSION: Broker evaluation and performance-how to apply forensic data analysis to choose the ‘best in breed’ brokers- How has broker scoring criteria changed over the last few years and how efficient are brokers at providing trade-specific information?
- What to look for when evaluating if your broker is giving you the What intraday feedback on stocks and other investor behavior is provided?
- How has post-execution analysis developed and what data sets now indicate good performance?
- Is it all down to cost? How much do broker valuations impact broker choice and will this really change?
STREAM B: Streamlining and Driving Desk Efficiency
14:10 - 14:40 Session closedSmall Interactive Boardrooms And Workshops
14:10 - 14:40 SYNERGY WORKSHOP: What is Blockchain and how will it impact your trading desk?- What is blockchain?
- How does it work?
- How will it impact and benefit the trading landscape and the front office?
- What are the pending regulations and limitations around blockchain applications?
- How will it impact the industry as a whole?
STREAM A: Navigating and Evaluating Venues
14:40 - 15:15 PANEL DISCUSSION: How will ETF trading impact traditional cash equities and what are the opportunities when cost monitoring is high and liquidity is limited?- What factors have triggered an increase in ETF trading and how has the ecosystem developed?
- What are the new ETF products and what do they offer that there hasn’t been before?
- How has the growing affinity towards ETFs been reflected in the shift of desks towards other asset trading?
- How do ETFs provide liquidity both on and off exchange?
- How do ETFs compare to market makers regarding liquidity souring?
Paolo Giulianini
Managing Director, Head of ETF Trading & Market MakingUniCredit Corporate & Investment Banking
STREAM B: Streamlining and Driving Desk Efficiency
14:40 - 15:15 BUY SIDE DISCUSSION PANEL: How is automated workflow driving trading efficiency and improving desk intelligence?- When is automation best and what are the aspects of order flow that can be automated?
- How can effective pre and post trade analysis help develop mathematical models that predict the impact of your trade? What does this look like automated?
- What is the right balance of automation and human trading?
- Telephony development- how integrated is Symphony in the market and are there other disruptors entering the market to help with desk communication?
Small Interactive Boardrooms And Workshops
14:40 - 15:15 Session continues
Session Continues
15:15 - 15:45 Afternoon Coffee Break and Networking
15:45 - 16:20 TECHNOLOGIES OF THE FUTURE: FinTech and RegTech showcase- who are the ones to watch for in 2018 and beyond?
- How is the technology landscape changing: Will the technology providers of today be those of tomorrow?
- What are new players in Fintech and RegTech offering that the current solutions providers aren’t? Insight into those in capital provision, technology, regulation, work-flow processes and connectivity
- Do the new market players have products that comply with MiFID II and if so, how are they proving this?
- Who is succeeding and what value have they added to the business?
5companies from the FinTech and RegTech market will discuss their products and debatetheir applications in the trading community. At the end, we will take a vote onthe product that the audience see as most innovative and applicable for theirbusiness.
16:20 - 16:50 CLOSING KEYNOTE DEBATE: How to empower the buy side and sell side to better collaborate, create liquidity and drive business impact
- Is the sell side, still the sell side and the buy side, still the buy side? How are roles evolving and why?
- What are the buy side now capable of and how can the sell side compliment this?
- How will collaboration on technology platforms change to ensure flawless trade and execution?
- What are the current consortia driving change and what have they achieved to date?
