TradeTech Europe 2017 (past event)

April 25-April 26, 2017

Palais des Congrès de Paris

Contact Us: 44 (0)207 368 9548

Preparing Your Desk for Unprecedented Regulatory Change

07:45 AM - 08:35 AM Refreshments and Registration

08:35 AM - 08:40 AM Welcome Remarks from Susie Benaim, Content Editor, TradeTech Europe 2017

08:40 AM - 08:45 AM Chair's Opening Remarks

Andrew Simpson, Head of Post Trade, Euronext

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Andrew Simpson

Head of Post Trade
Euronext

08:45 AM - 09:00 AM Opening Address

Stéphane Boujnah, CEO, Euronext

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Stéphane Boujnah

CEO
Euronext

09:00 AM - 09:25 AM OPENING BUY SIDE KEYNOTE INTERVIEW: Is your desk agile and responsive enough for MiFID II? What are the practical steps you need to take to enhance performance and ensure efficiency?

Richard Parsons, CEO, Instinet Europe Eric Boes, Global Head, Trading, Allianz Global Investors Erik Koenig, Global Head of Trading, GLG Partners
  • Gaining clarity on the regulatory requirements for best execution, governance and risk control
  • Building market intelligence-how can you demonstrate diligence to all counter-parties?
  • How can you speed the process up internally to ensure you can react when final requirements are announced?
  • What does an agile and streamlined organisation look like in practice?
  • How can best execution monitoring for assets outside of equities leverage current equity platforms?
  • Trade reporting-what are the current limitations in data and what can you do better to manage this?

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Eric Boes

Global Head, Trading
Allianz Global Investors
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Erik Koenig

Global Head of Trading
GLG Partners
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Richard Parsons

CEO
Instinet Europe

09:25 AM - 09:40 AM Keynote Regulatory Address: The AMF’s efforts towards a coherent European approach for driving market liquidity and stability in capital markets

Gerard Rameix, Chairman, AMF

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Gerard Rameix

Chairman
AMF
  • Sourcing liquidity in the dark- what and where are the new opportunities and how can users best access these pools?
  • Developments in crossing networks and SIs- what are their future given increased regulatory pressure around matched principal trading?
  • How are providers demonstrating the mechanics of dark pools and demonstrating robust internal governance processes?
  • How can traders be sure of effective dark pool monitoring, with a focus on operational integrity, best execution, client preferences and unwanted trading activity including market abuse?
  • How are providers doing more to identify and manage conflicts of interest, strengthen policies and procedures for escalation and oversight?

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Mark Pumfrey

Head of EMEA
Liquidnet
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Rob Boardman

CEO
ITG Europe
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Richard Semark

Managing Director, Equities, CEO
UBS
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Ralston Roberts

Co-Head, Electronic Trading, EMEA
Goldman Sachs
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Robert Barnes

CEO, Turquoise, Capital Markets
LSEG
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Andrew Simpson

Head of Post Trade
Euronext

10:20 AM - 11:05 AM Morning Refreshment Break and Networking

11:05 AM - 11:20 AM KEYNOTE REGULATORY ADDRESS: EU supervisory model - challenges and the way forward

Gerben Everts, Board Member, AFM

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Gerben Everts

Board Member
AFM
  • When are block trade appropriates compared to other trades and how can they be optimised for execution?
  • How can you structure your trading desk to source the best blocks and execute effectively?
  • What is the resistance from the broker community in trading blocks and how can more traders change mind sets and improve attitudes towards block trading?
  • What are the initiatives to drive improvements in broker IOIs and codes to distinguish between them and how will this impact buy side choice?

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Mike Bellaro

Global Head of Equity Trading
Deutsche Bank Asset Management
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James Hilton

Managing Director
Credit Suisse
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Chris Landis

CEO
SIX Swiss Exchange
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Mark Freeman

Global Head, Execution Sales
Kepler Cheuvreux
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Mark Hemsley

CEO
BATS Europe
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Andrew Simpson

Head of Post Trade
Euronext

12:00 PM - 12:05 PM 5 minute transition to streams

STREAM A: Best Execution Monitoring and Evidencing

12:05 PM - 12:30 PM FIRE SIDE CHAT: How to break down departmental silos to drive efficiency and achieve best execution

Richard Balarkas, CEO, Quendon Consulting Steven Swann, Global Head, Trading, Standard Life Investments Stuart Liddle, Head of Equities Business Operations, M&G Investments
  • How to identify which silos are causing set backs in streamlining workflow and improved communication
  • How to find common ground within each department on what best execution means to them and use this to improve internal dialogue
  • What does a successful best execution policy look like?
  • How can current best execution strategies feed into future decision making processes?
  • Evaluating what your company infrastructure needs to look like to cope with new regulatory demands and a more streamlined approach

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Steven Swann

Global Head, Trading
Standard Life Investments
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Stuart Liddle

Head of Equities Business Operations
M&G Investments
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Richard Balarkas

CEO
Quendon Consulting

STREAM B: Enhancing Trade Performance

12:05 PM - 12:30 PM FIRE SIDE CHAT: The rise of the quant - defining their role in making smarter trading decisions

Christian Morgenstern, Executive Director, Quantitative Investment Strategies, GSAM Stéphane Leroy, Business Founder and Chief Revenue Officer, QuantHouse
  • Identifying the differences in the role of a quant trader compared to the more traditional equity trader?
  • How can changes in trading strategy help aid company growth and increased capability in trading volumes
  • How to best use data to improve internal flow
  • How to customise data to improve the whole investment process
  • Which quant models work best and how can you evaluate their performance?

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Christian Morgenstern

Executive Director, Quantitative Investment Strategies
GSAM
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Stéphane Leroy

Business Founder and Chief Revenue Officer
QuantHouse

STREAM C: ACCELERATOR TRACK – Optimising Current Technology Platforms

12:05 PM - 12:30 PM OXFORD STYLE DEBATE: Buying off the shelf is more cost effective and efficient than building an in-house system- for and against

Kenneth McLeish, Global Head, Equities Trading Technology, JP Morgan AM Matthew Reid, Product Manager, Trading, SimCorp
Against- by developing an in-house system you have complete oversight on how the technology complies and fits into budget
Against- when developing in house, you have complete ownership of your data
For- with the growing number of innovative and effective platforms and bolts on in the market, it’s cheaper and more time efficient to outsource
For- with such advanced analytical tools now available, it’s very easy to evaluate outsourced products to see whether they fit and work into current processes for the business?

(Secure your front row seat as the conference room becomes a battlefield. Witness four industry experts (two for and two against fight their corner on this topic. Who will deliver the knockout argument to claim victory? Take your place and vote live.)


Against: Kenneth McLeish, Global Head, Equities Trading Technology, JP Morgan AM

For: Huw Gronow, Head, Trading, Newton Investment Management &

Matthew Reid, Product Manager, Trading, SimCorp





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Kenneth McLeish

Global Head, Equities Trading Technology
JP Morgan AM
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Matthew Reid

Product Manager, Trading
SimCorp

Small Interactive Boardrooms And Workshops

12:05 PM - 12:30 PM SYNERGY WORKSHOP: Evaluating developments in research payment models- what is the best option for your business?

Alison Hollingshead, Head, Investment Services, Man Group Henry Price, Chief Commercial Officer, Red Deer Sysmtes
  • How to evidence your end clients on exactly what they are paying for
  • Steps towards demonstrating a clear separation between research and trading activity
  • What are the options and how can these be incorporated into current payment models?
  • What do CSAs and RPAs look like in practice?
  • How do companies justify commission rates?
  • What are the commission management tools available and why are they so important now?



(Limited to 25 attendees- Chatham House)

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Alison Hollingshead

Head, Investment Services
Man Group
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Henry Price

Chief Commercial Officer
Red Deer Sysmtes
  • What does ‘’best in class’’ TCA look like in 2017/2018?
  • Who are in the race for scale and what is it that they offer that’s different?
  • How far are we from automating data feeds from TCA to make smarter trading decisions?
  • Where are the possibilities for multi-asset TCA?
  • How capable are current platforms to deal with growing order numbers, increased flow and the data that comes with it?
  • PRIIPS- is this being addressed in current TCA capabilities and what data do you need to capture and report back to investors?

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Ian Domowitz

Managing Director, CEO, Head
ITG Solutions Network, ITG Analytics
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Matthew Celebuski

CEO
Trade Informatics
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Darren Toulson

Co-Founder
LiquidMetrix
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Michael Richter

Director of Transaction Cost Analysis
IHS Markit

Richard Walker

Head, Business Development
CurveGlobal

STREAM B: Enhancing Trade Performance

12:30 PM - 1:05 PM PANEL DISCUSSION: How are developments in OMS and EMS correlating to the automation and multi-asset requirements of the 2018 trading desk?

Ricahrd Bentley, Chief Product Officer, Ullink John Adam, Global Head, Product Strategy, Portware , , Tom Doris, CEO, OTAS Technologies
  • How to improve infrastructures to better optimise current OMS/EMS platforms- what are the challenges and opportunities?
  • What are the capabilities of current platforms to allow for bolt-on products and how is this important in driving desk efficiency?
  • How can current data be cleaned?
  • How to best balance costs?
  • What are the current efforts towards machine learning in EMS?





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Ricahrd Bentley

Chief Product Officer
Ullink
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John Adam

Global Head, Product Strategy
Portware
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Tom Doris

CEO
OTAS Technologies

STREAM C: ACCELERATOR TRACK – Optimising Current Technology Platforms

12:30 PM - 1:05 PM Session continues

Session Continues

Small Interactive Boardrooms And Workshops

12:30 PM - 1:05 PM Session continues

Session Continues

1:05 PM - 2:10 PM Lunch and Networking

STREAM A: Best Execution Monitoring and Evidencing

2:10 PM - 2:45 PM PANEL DISCUSSION: Real-time trade analysis - how to create a work flow using pre, intra and post trade analysis to make improved trading decisions

Richard Balarkas, CEO, Quendon Consulting Neil Bond, Head Trader, Ardevora John Greenan, Chief Executive Officer, Alignment Systems Michael Mollemans, Head of Sales Trading, APAC, Pavilion Global Markets
  • What are the current developments in in-trade trade analysis and how can this demonstrate impact on venues?
  • Evaluating current buy side efforts to identify relevant data sets
  • What are the current efforts in data visualisation that help you understand the relevant data?
  • What are the current regulatory requirements for time stamping of data, effective order handling and good governance of the process- practical examples of what is needed

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Neil Bond

Head Trader
Ardevora
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Richard Balarkas

CEO
Quendon Consulting
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John Greenan

Chief Executive Officer
Alignment Systems
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Michael Mollemans

Head of Sales Trading, APAC
Pavilion Global Markets
  • How has the percentage of equity trading done through DMA changed in the last year? What impact has growing passive management and changes in research payments had to attitudes to DMA?

  • What does DMA offer in a market where the buy side is looking for more autonomy over order routing?

  • How do exchanges offering DMA now fit more firmly into investment processes, both pre and post trade compared to broker offerings?


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Michael Clements

Chief Trader
Employees Retirement System of Texas
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Gavin williamson

Managing Director, Global Head, Product Development & Regulatory Change
HSBC
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Miller Guo

CEO
GF International Asset Management
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Marcus Hooper

Private Consultant
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STREAM C: ACCELERATOR TRACK – Optimising Current Technology Platforms

2:10 PM - 2:45 PM ROUNDTABLE THINK TANKS: How to evaluate your current technology suite and assess which investment/development routes best suit your desk

Julia Streets, CEO, Streets Consulting Miles Kumaresan, Global Head, Trading, Nordea Asset Management Christian Morgenstern, Executive Director, Quantitative Investment Strategies, GSAM



Table 1: Block execution strategy
Host tbc

Table 2: Quant execution strategy: Miles Kumaresan, Global Head, Trading, Nordea Asset Management

Table 3: Block execution strategy: Claus Mose, Head Trader, FX and Equities, Sparinvest

Table 4: Quant execution strategy


(Choose one roundtable to attend and dive in and dissect the practical strategies with the help of an industry expert leading your roundtable discussion. Tables are limited to 10 people)
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Miles Kumaresan

Global Head, Trading
Nordea Asset Management
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Christian Morgenstern

Executive Director, Quantitative Investment Strategies
GSAM
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Julia Streets

CEO
Streets Consulting
Open to 20 Global Heads of Trading from Europe’s top 20 asset managers.

Join this interactive session, air your own industry concerns and together, with our professional independent moderator, brainstorm ways forward in conjunction and collaboration with your peers.

This session is invite-only and Chatham House rules.





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Mike Bellaro

Global Head of Equity Trading
Deutsche Bank Asset Management
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Erik Koenig

Global Head of Trading
GLG Partners
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David Miller

Head, EMEA Trading
Invesco
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Huw Gronow

Head, Trading
Newton Investment Management
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Christoph Hock

Head, Trading
Union Investment
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Matt Howell

Senior Trader
T. Rowe Price
  • What are the updates on MAR and how will this interact with the implementation of MiFID II?
  • Clarity on exactly needs to be surveyed per trade, what to look for and when
  • How do current surveillance platforms stand up to regulatory demands?
  • How have increased pressures on the front office on what is deemed market abuse impacted front office activity?
  • What has been the response to more cloud-based applications for trade surveillance?
  • How are organisations better monitoring data attacks?

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Kostas Botopoulos

Legal Counsel for European Affairs
Bank of Greece, former ESMA
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Robert Powell

Director of Compliance
IPC Systems, Inc
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Wolfgang Fabisch

Co-Founder and CEO
b-next
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Mark Follows

Subject Matter Expert, Compliance Financial Markets
NICE Actimize
  • How to equip your desk with the tools to ensure you are sourcing liquidity as best as possible- what does this analysis suite look like?
  • How are newer SOR systems demonstrating best execution and best venue choice?
  • How can crossing networks offer more value?
  • Will the buy side ever gain access to exchange risks books?




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Neil Bond

Head Trader
Ardevora
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Rupert Fennelly

Co-Head of Electronic Trading, Europe
Morgan Stanley
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Jamal Tarazi

Head of European Trading
Sun Trading
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Vincent Dessard

Senior Regulatory Policy Advisor
EFAMA
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Rebecca Healey

Head of EMEA market Structure and Strategy
Liquidnet
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James Cooper

former Head of Execution
Troy Asset Management

STREAM C: ACCELERATOR TRACK – Boosting Trade Speed

2:45 PM - 3:00 PM Session continued

Small Interactive Boardrooms And Workshops

2:45 PM - 3:00 PM Session continued

STREAM A: Best Execution Monitoring and Evidencing

3:00 PM - 3:20 PM Session continued

STREAM B: Enhancing Trade Performance

3:00 PM - 3:20 PM Session continued

STREAM C: ACCELERATOR TRACK – Boosting Trade Speed

3:00 PM - 3:20 PM OXFORD STYLE DEBATE: Latency optimisation is no longer needed in an age of smart trading - for and against

Hendrik Klein, CEO, DaVinci Invest Piebe Teeboom, Secretary General, FIA
  • For- Improved sourcing of liquidity in both lit and dark pools has massively improved and is much more accessible
  • For- The risk of being gamed is still a major concern and the lack of oversight on HFT practices still poses a risk
  • Against- Being faster still provides you with the better fill price
  • Against- Improved latency really provides opportunities for improved execution, regarding reduced arbitrage opportunities and better SOR?


(Secure your front row seat as the conference room becomes a battlefield. Witness four industry experts (two for and two against fight their corner on this topic. Who will deliver the knockout argument to claim victory? Take your place and vote live.)





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Hendrik Klein

CEO
DaVinci Invest
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Piebe Teeboom

Secretary General
FIA

Small Interactive Boardrooms And Workshops

3:00 PM - 3:20 PM Session continued

STREAM A: Best Execution Monitoring and Evidencing

3:20 PM - 3:40 PM FIRE SIDE CHAT: How best practices in the commercialisation of market data can drive transparency and efficiencies in the equity trading market?

Roman Garcia, Senior Advisor, DG Competition, European Commission
  • What´s the role of the EU Commission competition authority in the financial markets, and more specifically with data markets?

  • What are the competition challenges within the market data and equity trading markets?

  • How can the EC competition authority help and how are they driving competition in the trading and data markets?

  • What has their role been in reducing market abuse and improved market performance?


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Roman Garcia

Senior Advisor, DG Competition
European Commission

STREAM B: Enhancing Trade Performance

3:20 PM - 3:40 PM PANEL DISCUSSION: Market intelligence - how to better engage with your brokers to ensure accurate data feeds for best execution

David Miller, Head, EMEA Trading, Invesco Alexander Neil, Head of Equity & Derivatives Trading, EFG Bank Frederic Pons, Head, Equity Trading, Amundi Asset Management Antonio Pilato, Head, Trading, Generali Investments
  • What are the questions the buy side needs to be asking the brokers?
  • Practical examples of how to build and improve that BS-SS relationship
  • How to find the data you care about and establish a framework that can best record this from the broker
  • What are the strategies to ensure these relationships remains consistent? What processes can be put in place to ensure this?

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David Miller

Head, EMEA Trading
Invesco
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Alexander Neil

Head of Equity & Derivatives Trading
EFG Bank
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Frederic Pons

Head, Equity Trading
Amundi Asset Management
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Antonio Pilato

Head, Trading
Generali Investments

Small Interactive Boardrooms And Workshops

3:20 PM - 3:40 PM Session continues

Session Continues

STREAM C: ACCELERATOR TRACK – Boosting Trade Speed

3:20 PM - 3:40 PM Session continues

Session Continues

STREAM A: Best Execution Monitoring and Evidencing

3:40 PM - 3:45 PM FIRE SIDE CHAT: Transaction reporting - where does the responsibility lie and how can you overcome compliance challenges?

Darryl Cornelius, Head of European Regulatory Projects, State Street Global Advisors Rob Flatley, Managing Director and Global Head of Equities, IHS Markit
  • How to understand who has ownership and whether the reporting structure is MiFID II compliant?
  • What are the benefits of buy vs build in transaction reporting?
  • Who are the new players in the transaction reporting market?
  • What are the efforts from the sell side to ensure the data for all fields in the report are provided?





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Darryl Cornelius

Head of European Regulatory Projects
State Street Global Advisors

Rob Flatley

Managing Director and Global Head of Equities
IHS Markit

STREAM B: Enhancing Trade Performance

3:40 PM - 3:45 PM Session continued

STREAM C: ACCELERATOR TRACK – Boosting Trade Speed

3:40 PM - 3:45 PM Session continued





Small Interactive Boardrooms And Workshops

3:40 PM - 3:45 PM Session continued

STREAM A: Best Execution Monitoring and Evidencing

3:45 PM - 3:55 PM Session continued

STREAM B: Enhancing Trade Performance

3:45 PM - 3:55 PM Session continued

STREAM C: ACCELERATOR TRACK – Boosting Trade Speed

3:45 PM - 3:55 PM Session continued

Small Interactive Boardrooms And Workshops

3:45 PM - 3:55 PM Head Trader Think Tank private reception

Head Trader Think Tank private reception

STREAM A: Best Execution Monitoring and Evidencing

3:55 PM - 4:15 PM Session Continued

STREAM B: Enhancing Trade Performance

3:55 PM - 4:15 PM New data: Unveiling what impact MiFID II will have on the buyside’s selection of executing brokers and associated services

David Guest, Director, European Operations, Greenwich Associates
  • Impact of MiFID II unbundling on the selection of execution brokers

  • How the buyside will modify their broker evaluation process

  • The effect on commissions and usage of different execution channels


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David Guest

Director, European Operations
Greenwich Associates

STREAM C: ACCELERATOR TRACK – Boosting Trade Speed

3:55 PM - 4:15 PM FIRE SIDE CHAT: Algo evaluation and development - identifying the best applications for specific algos and how to assess their performance

  • What needs to be evaluated and presented to explain why specific algos are used
  • What are the parameters that are used to evaluate algos performance and how are these calibrated?
  • How can the increased volume of data from algo analysis been actioned for make smarter routing decisions in-house?
  • How have broker’s low-touch capabilities impacted broker choice and triggered more algo and quant development in-house?
  • Automation of algo trades- how is this done in reality?

Small Interactive Boardrooms And Workshops

3:55 PM - 4:15 PM Session continued

4:15 PM - 4:50 PM Afternoon Coffee Break and Networking

Transforming Trading Through Smart Data

4:50 PM - 5:10 PM FIRE SIDE CHAT: How to sustain a high pace of innovation in systematic trading strategies?

Ross Garon, Managing Director, Point72 Asset Management, Head, Cubist Systematic Strate, Cubist Systematic Strategies Andrew Simpson, Head of Post Trade, Euronext
  • Product innovation: how electronic markets are opening new areas to systematic strategies
  • Method innovation: how machine learning and artificial intelligence is effecting systematic trading
  • Data innovation: how new data can drive new strategy and risk innovation
  • People innovation: how people from outside the industry can change how we think about problems

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Ross Garon

Managing Director, Point72 Asset Management, Head, Cubist Systematic Strate
Cubist Systematic Strategies

Andrew Simpson

Head of Post Trade
Euronext
  • Who are the winners in leveraging data-driven strategies to innovate, compete, and capture value from deep and up-to-real-time information?
  • How does machine learning play into this and help make smarter trading decisions and improved trade performance?
  • Understanding how Project Symphony is playing into this market and helping share content and data internally?
  • How is security addressed with data sharing limitations and regulations?
  • How are new technology breakthroughs affecting the way we do business from the desk through to collaboration of the various market players?

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Alfred Eskandar

CEO
Portware
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Kaylash Patel

Director, EMEA Commercial Markets
Dataminr
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Curtis Pfeiffer

Chief Business Officer
Pragma Trading
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John Lowrey

Global Head of Electronic Markets in Equities
Citi
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Andrew Simpson

Head of Post Trade
Euronext

5:45 PM - 6:15 PM GUEST SPEAKER KEYNOTE: Big data. New Physics. Increasing decision certainty

Jeff Jonas, IBM Fellow, Chief Scientist, IBM
  • Practical insight on IBM use of AI and the rise of machine learning

  • How to harness algos to truly enable your business to work smarter, not harder

  • How are developments in algo technology impacting how the equities market behaves and interacts with each other?

  • How to find the balance between human connection and technology to find those new opportunities for future innovation, growth and how you do business?



As large collections of data come together some very exciting, and somewhat unexpected things happen. As data grows the quality of predictions improve, poor quality data starts to become helpful, and computation can actually get faster as the number of records grows. Now, add to this, the “space-time-travel” data about how things move that are being created by billions of mobile devices and the Internet of Things – what becomes computable is outright amazing. Why is all this so important? What one feeds machines to learn from becomes a distinct competitive advantage. Underperforming algorithms may suddenly start to sing as they are fed more information, in context. The most competitive organizations in equity markets are going to make sense of what they are observing fast enough to do something about it while they are observing it. After this presentation, you will never think about data again the same way.
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Jeff Jonas

IBM Fellow, Chief Scientist
IBM

6:15 PM - 6:20 PM Chairperson’s Closing Remarks

Andrew Simpson, Head of Post Trade, Euronext

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Andrew Simpson

Head of Post Trade
Euronext

6:20 PM - 11:59 PM TradeTech Europe Networking drinks