February 13 - 15, 2019
National Doral, Miami
44 (0) 207 036 1355
TradeTech FX Day 2- 02/15/19
8:00 am - 8:35 am Registration and Breakfast
8:35 am - 8:40 am Chairperson’s Opening Remarks: Michael Melvin, Executive Director, Rady School of Management UCSD
8:00 am - 9:00 am Women on Wall Street Breakfast: Improving the position of women in the capital markets business- Covering everything from communications, self branding and career progression
Ø A boardroom discussion on professional skill development, building a personal brand, and getting ahead on the street
Ø Enhance your career by learning from, and being inspired by, some of the most successful and influential women leaders in the US
Open to a maximum of 15 delegates- Breakfast to be served during this session
Hosted by Jennifer Litwin, Senior Vice President, Head of Relationship Management, Greenwich Associates
8:40 am - 9:20 am All Star Panel: From best to smart execution- How can you build a comprehensive technology workflow that goes beyond meeting your best execution obligationsPaul Aston - CEO and Director Tixall Global Advisors Joseph Pach - Head of FX Trading , Mellon Capital Management Michael O’Brien - Director of Global Trading, Eaton Vance Rohan Chauhan - Vice President, Trading and Research, GIC
Ø Humans vs. machines- What can you automate through your trade execution and flow process to reduce the workload on your trading teams?
Ø Smart analytics- How can you gain data insights for a trading desk to maximize transparency and better understand when and where to trade?
Ø What electronic tools are now essential to maximize efficiency for pre-trade,on trade and post trade?
Ø In house vs. outsourcing technology- How can you establish what tools are best to keep in house and what you can outsource in your quest to find better liquidity?
Paul AstonCEO and Director
Tixall Global Advisors
Joseph PachHead of FX Trading
Mellon Capital Management
Michael O’BrienDirector of Global Trading
Rohan ChauhanVice President, Trading and Research
9:20 am - 9:40 am Buy side Keynote Interview: The technology vs risk trade off- How is increased technology and the changing role of the dealer impacting the traditional buy side DNA?Paul Shahied - FX Trading, Fidelity Investments
Ø Have we shifted risk from the sell side dealing room to the buy side desk and are the buy side exposing themselves to undue market risk?
Ø Equities vs. FX- Is this the roadmap FX should take or can you be more efficient and choose where you can and can’t take on risk?
Ø Trader discretion- What constitutes appropriate levels of risk and how can you establish when you are taking on too much?
Ø Establishing the best path to trade- Why you don’t always need to use the technological tools at your disposal
Paul ShahiedFX Trading
9:40 am - 10:20 am Oxford Style Debate: Will it be Bull or Bear for USD in 2019Michael Melvin - Executive Director Rady School of Management UCSD Robert Savage - CEO, CCTrack Solutions Ulf Lindahl - Chief Investment Officer, A.G. Bisset Associates Chung Ma - Portfolio Manager, Virginia Retirement System
Bull:Robert Savage, CEO, CC Track Solutions
Bear:Ulf Lindahl, Portfolio Manager, AG Bisset Associates
Bear:Chung Ma, Senior Portfolio Manager, Virginia Retirement System
Ø Interest rate and economic growth differentials- What impact will this have on financial flows and what does this mean for the USD over the next 12 months?
Ø What are the three biggest fundamental forces that will impact the performance of the dollar how should you factor these movements in your investment decisions?
Ø The case for a bullish dollar- How will US market drivers influence the return to a stronger USD in 2019?
Ø The case for a bearish dollar- What are they key indicators that forecast the continued downturn of the USD in 2019?
Michael MelvinExecutive Director
Rady School of Management UCSD
Ulf LindahlChief Investment Officer
A.G. Bisset Associates
Chung MaPortfolio Manager
Virginia Retirement System
10:20 am - 10:40 am Special Guest Speaker: The rise of the corporate treasury trader- How are corporate firms empowering themselves with the management of their own finances
Ø The view from corporate treasurers- How has reduced risk appetite and fragmented liquidity impacted corporate treasury behavior?
Ø How are corporate firms combining in-house and external management and how do they decide what FX processes to bring internally?
Ø Corporate best execution- How are corporates adapting to increased electronification and best execution scrutiny?
Ø What approach do corporate treasures take to manage their exposure, hedging and currency risk?
Ø Tariffs and the supply chain- What impact do new policies have and how does this impact corporate treasury in the face of protectionism?
10:40 am - 11:40 am Morning Masterclass: Hosted by Goldman Sachs
Open to a maximum of 20 buy side delegates
Refreshments to be served during this session
10:40 am - 11:10 am Morning Refreshment Break
Conference Tracks: Track A Meeting tour Fiduciary Duties11:10 am - 12:30 pm 360 Perspective: Best Execution transparency and investor protection- How can you efficiently trade in the current fragmented global regulatory environment? Kenneth Monahan - Senior Analyst Greenwich Associates Victoria Cumings - Managing Director Americas, Global FX Division, SIFMA Ms Mayra Rodriguez Valladares - Managing Principal, MRV Associates
Ø Shifting paradigms in 2019- What aspects of the global regulatory environment are set to impact the way FX markets function in the year ahead?
Ø MiFID II 1 year on- What has been the global impact on liquidity and best execution and what tweaks have been made to trading protocols?
Ø Raising the bar for best execution- What are buy side firms demanding of best ex in Europe vs the US?
Ø Global best execution dynamics- When working with counterparts across different geographies how do you ensure you are working with the best partners to prove best execution?
Ø Shifting liquidity dynamics- How can you best navigate fragmented regulations across global jurisdictions to minimize bifurcation of liquidity
Victoria CumingsManaging Director Americas, Global FX Division
Ms Mayra Rodriguez ValladaresManaging Principal
Kenneth MonahanSenior Analyst
Conference Tracks: Track A Meeting tour Fiduciary Duties12:30 pm - 12:50 pm Fireside Chat: How to embrace diversity and inclusion to enrich the workplace and make this your competitive advantage Jennifer Litwin - Senior Vice President, Head of Relationship Management, Greenwich Associates
Ø Assessing what diversity and inclusion means in capital markets- Why is this a big issue and how can it be addressed?
Ø More than just a tick-box exercise- Why is embracing diversity proven to deliver better results?
Ø How can you tap into different skillsets and backgrounds and what advantages does this bring with so many external factors changing in fixed income markets?
Ø Build a winning team- How to make sure you have the right skillsets and the best talent at your disposal to be as successful as possible?
Jennifer LitwinSenior Vice President, Head of Relationship Management
Conference Tracks: Track A Meeting tour Fiduciary Duties12:50 pm - 1:50 pm Lunch and networking break
Conference Tracks: Track B Cutting Edge FX FinTech11:10 am - 12:30 pm FX FinTech Shark Tank: Get a sneak peek into the latest most innovative FinTech offerings to see how they can help you solve some of your biggest pain points Jens Nordvig - Founder & CEO, Exante Data
Join our FX sharks during this exciting ‘Shark Tank’ style session, where you will hear from three new and innovative start-up FINTECH firms as they present their offerings in a bid to win first place. Listen up as the ’sharks’ review the technologies’ benefits to your business, predict their future success and deliver their verdicts. The ultimate decision is in your hands though, as the audience get to vote for their favorite. Will you find the next big thing?
Jens NordvigFounder & CEO
Conference Tracks: Track B Cutting Edge FX FinTech12:30 pm - 12:50 pm Industry Perspective: Separating the hype from reality- How is blockchain currently being applied to FX markets to make trading, clearing and settlement more cost efficient? Ron Quaranta - Chairman, Wall Street Blockchain Alliance
Ø Blockchain 101- How does this technology work, how can you use it and what potential does it have to affect the current capital markets ecosystem?
Ø Reducing reliance on the clearing system- What does blockchain offer and how have trades already been settled outside the traditional clearing and settlement structure in a legal manner?
Ø New frontiers of performance- How can blockchain enable faster, more efficient settlement and how will this reduce settlement risk?
Ø Establishing the winners and losers- How can market participants embrace the benefits of Blockchain technology whilst preserving their role in the capital markets industry?
Ø Bringing blockchain to the mass market- What are the current deficiencies around scalability and how can they be overcome?
Wall Street Blockchain Alliance
Conference Tracks: Track B Cutting Edge FX FinTech12:50 pm - 1:50 pm Lunch and networking break
Buy Side Boardroom open to a maximum of 12 buy side delegates: Track C New Frontiers in EM Investing11:30 am - 12:10 pm EM Boardroom: Identifying the winners and losers in EM investing- Where will you find the most profitable havens in 2019? Nathaniel Polachek - Portfolio Manager and Partner, Commodity Asset Management
Ø Geo-politics, internal policies and elections- How has the 2018 landscape impacted EM investing?
Ø The outlook for 2019 and performance of macroeconomic indicators- Inflation, interest rates, GDP, exchange rates and the effect this will have on EM
Ø Hard currency and local currency markets- Where do the best opportunities lie in EM investing in the year ahead?
Ø Commodity markets, cheap labor, distressed debt, dictators, political instability and many more- What EM themes will dominate the agenda over the nest 12 months?
Nathaniel PolachekPortfolio Manager and Partner
Commodity Asset Management
Buy Side Boardroom open to a maximum of 12 buy side delegates: Track C New Frontiers in EM Investing12:50 pm - 1:50 pm Lunch and networking break
1:50 pm - 2:20 pm Oxford Style Debate: The buy side stance on the BIS Code of Conduct- Is it enough to curb misconduct and focus on restoring confidence in FX markets or are further tweaks still requiredMs Mayra Rodriguez Valladares - Managing Principal, MRV Associates Javier Paz - Head of FX Coverage, Aite Group
No- Mayra Rodriguez Valladares, Managing Principal, MRV Associates
No- Javier Paz, Managing Director and Founder, Forex Data Source
Ø Do the 55 principles within the code of conduct go far enough in terms of changing market participants behavior or are these guidelines just ‘common sense’?
Ø Last look and pre-hedging- are the guidelines suffice enough to stop misconduct or can it still lead to market manipulation?
Ø Since its inception in 2017 has the code of conduct actually changed behavior in FX markets?
Ø Should the code makers be more pro-active or are the guidelines more reactive in their nature?
Ø The case for and against- Should you sign up to the code of conduct in its current form or are further tweaks to be made before you commit?
Ms Mayra Rodriguez ValladaresManaging Principal
Javier PazHead of FX Coverage
2:20 pm - 2:50 pm Oxford Style Debate: Bringing cryptocurrency into the mass market- Should buy side FX traders incorporate them into their flow?Michael Melvin - Executive Director Rady School of Management UCSD Denis Popov - CEO, Atto Trading Technologies
Yes- Denis Popov, CEO, Atto Trading Technologies
Ø Why have some institutions moved into the crypto space and why are other large bank, asset managers and hedged funds still reluctant?
Ø Is the market still too young and has too many infrastructure and regulatory issues to be brought to mainstream portfolios?
Ø How would crypto exposure impact an FX trader’s portfolio- Do the volatility advantages outweigh the risks?
Ø Is there enough growth potential and opportunity in this space to suggest that mainstream cryptocurrency trading is inevitable?
Michael MelvinExecutive Director
Rady School of Management UCSD
Atto Trading Technologies
2:50 pm - 3:30 pm FX Crystal Ball: 2014, 2019 and 2024: In our 5th anniversary,how have FX markets have developed since our year 1 agenda, and what does the future hold over the next 5 years?
In our final session, we will be revisiting our first ever TradeTech FX, where our esteemed panel who all were in attendance that day shed light on how FX markets have changed since then, and what predications came true, what did not, and what could still come to fruition. We will then take a glimpse into the future as we look forward to TradeTech FX 2024, to find out what the future holds and how your job will be different.