TradeTech FX USA 2018

February 12 - 14, 2018

Eden Roc Hotel, Miami FL.

Contact Us: 44 (0) 207 367 9576

Day 1 - Tuesday 13th February 2018

7:45 am - 8:25 am Conference Registration & Networking Breakfast

7:30 am - 8:30 am Exclusive Invite Only Buy Side Think-Tank: How can the buy side better collaborate to drive mutually beneficial initiatives forward

Open to 15 Global Heads of Trading from North America’s top 20 asset managers, hedge funds and CTAs

8:25 am - 8:30 am Welcome Address: Oliver Kirkbright

8:30 am - 8:35 am Chairperson’s Opening Remarks

Michael Melvin, Executive Director,Rady School of Management UCSD
img

Michael Melvin

Executive Director
Rady School of Management UCSD

8:35 am - 8:55 am Buy Side Keynote: The best execution conundrum- What are the standards you should be setting when building out your best execution strategy? Isaac Chang

Mr Kevin McPartland, Head of Market Structure Research,Greenwich Associates Isaac Chang, Managing Director, Head of Trading ,AQR Capital Management
ü  What steps can you take to ensure you are meeting your fiduciary duties for your clients in a market of increased fragmentation, thinner liquidity and additional regulatory pressures?
ü  How are trading desks being re-structured to facilitate the development of traders and PMs in a new market order?
ü  Where is the investment in new technology going in order to focus trading resources where they are truly needed?
With more regulatory pressure coming towards the buy side, how can a reliable means be put in place to measure and prove best execution?
img

Mr Kevin McPartland

Head of Market Structure Research
Greenwich Associates

img

Isaac Chang

Managing Director, Head of Trading
AQR Capital Management

ü  Beyond spot FX- How can a predominantly OTC FX market move towards a more electronic model across multiple product ranges to improve your access to liquidity, pricing and ability to clear efficiently?
ü  What are the technological challenges around other FX products such as swaps, forwards and NDFs and what is being done to improve eTrading capabilities?
ü  What impact will increased central clearing across multiple FX products have on eTrading and the market structure?
Debate- Is the market ready for increased eTrading across other product lines and if so how could it eventually happen?
img

Eric Busay

Senior Investment Officer
Mountain Pacific Group

img

Jim Iorio

Global Head of Sales & Head
FX Americas

img

Michael Melvin

Executive Director
Rady School of Management UCSD

img

Michael O’Brien

Director of Global Trading
Eaton Vance

img

Daniel Swasbrook

Head of Macro Distribution FX, Rates and EM – Americas
UBS Investment Bank

9:35 am - 9:55 am Sell Side Keynote: Expect the unexpected: Establishing the macro opportunities in FX in 2018 and how you can capitalize on them

George Saravelos, Global Co-Head of FX Research,Deutsche Bank
  • Central banks, politics, inflation and growth- What will be the year’s biggest surprise?
  • Which is the world’s cheapest currency and what is the outlook for this in 2018?
  • Analyzing the best FX trade for 2018- How can you build this into your portfolio and take advantage of this trade?

img

George Saravelos

Global Co-Head of FX Research
Deutsche Bank

  • Building out your execution strategy across multiple flows- How can humans work WITH machines to unlock new frontiers of performance?
  • Relinquishing control to improve efficiencies- How are buy side heads striking the balance between low and high touch trading to streamline workflow and lower processing costs?
  • The smart trader- How are algos and artificial intelligence being incorporated to cut a traders daily workload?
  • Humans with machines- How is technology and automation changing traditional trader skillsets and impacting buy side and sell side relationships?

img

Mr Kevin McPartland

Head of Market Structure Research
Greenwich Associates

img

John Radle

Head of Trading
Campbell and Company

img

Tomo Tokuyama

Head of Trading
First Quadrant

img

Asif Rasaq

Global Head of Automated Client Execution (ACE)
BNP Paribas

img

John Crouch

Founder and CEO
Ideal Prediction

img

Darren Jer

Chief Executive Officer
MarketFactory

10:35 am - 11:15 am Morning Refreshment Break

11:15 am - 11:35 am Keynote Interview: Reform and rebalancing of US regulation - How are regulators addressing current market conditions to maintain safety and prevent manipulation while promoting innovation?

Victoria Cumings, Managing Director Americas, Global FX Division,SIFMA Andrew Busch, Chief Market Intelligence Officer,CFTC
  • Eight years into Dodd Frank – What’s been achieved and is this in line with regulators’ desired results, or is there still room for improvement?
  • Approach to simplification and rebalancing of Derivatives regulation and the impact this will have on FX markets
  • Project KISS - What can be streamlined to improve the functioning of the FX market and how will changes affect the current regulatory framework? 
  • FX liquidity and fragmentation- How does regulation affect this and how is it being managed?
  • Correlation between innovation, technology and regulation - Assessing the regulatory framework and the impact this will have on innovation in the FX market
img

Victoria Cumings

Managing Director Americas, Global FX Division
SIFMA

img

Andrew Busch

Chief Market Intelligence Officer
CFTC

img

Adrian Boehler

Global Head of FXLM, Commodity Derivatives Sales, Global Head of G10 FX Trading
BNP Paribas

img

Subodh Karnik

US Head, FXLM & Commodities Institutional Sales
BNP Paribas

img

David Puth

Chief Executive Officer, CLS Bank International and Vice Chair
Global Foreign Exchange Committee

  • What implications will   MiFID II have for US firms and what steps should you put in place now to both   conform and minimize impact?
  • What aspects of MiFID II   will directly impact FX trading- Is there a need to alter the way you   currently execute to adhere to these? 
  • What solutions and   strategies are available to assist you with global and MiFID compliance and   how can you adopt these?
  • Debate- Will MiFID II lead to more parity or is it set to result in even less equivalence between the US and Europe?
img

Mr Kevin McPartland

Head of Market Structure Research
Greenwich Associates

img

Dan Viola

Partner
Sadis and Goldberg

img

Andrew Maack

Head of FX Trading
Vanguard

img

Tod Van Name

Global Head of Foreign Exchange electronic trading
Bloomberg

img

Zoran Mavrinac

Senior Managing Director
Curex Group

img

Jim Ball

Head of FX, Market Development
Thomson Reuters

12:55 pm - 2:00 pm Networking Lunch - Hosted By UBS Investment Bank

Taking place in the Ocean Garden

Open to 15 Global Heads of Trading from North America’s top 20 asset managers, hedge funds and CTAs
img

Roel Oomen

Global co-Head of Electronic FX Spot Trading
Deutsche Bank

Maximizing Returns For Your Investors

Track A - Achieving Best Execution

2:00 pm - 2:20 pm Industry Perspective: FX TCA and MIFID II: what’s next?
Ruben Costa-Santos, Head of FX,ITG
  • Assessing the factors driving the evolution of TCA and best execution- How is this improving? 
  • More than just a box-ticking exercise- How is TCA progressing to be a functional FX tool across the full trade life cycle?
  • How will new functionality such as pre-trade TCA, cross-asset analysis, and workflow optimization go beyond fulfilling regulatory requirements to improve your trading outcomes?
  • The future of FX TCA under MiFID II- How is this now becoming an essential tool of the FX trader toolkit?

img

Ruben Costa-Santos

Head of FX
ITG

Track A - Achieving Best Execution

2:20 pm - 3:00 pm 360 Perspective: Simplifying benchmark selection- What are the critical success factors should you consider to establish the most appropriate execution benchmark?
Mr Kevin McPartland, Head of Market Structure Research,Greenwich Associates Paul Shahied, FX Trading,Fidelity Investments David Biser, Senior Trader,Campbell and Company Rudy Pino, Head of US eFX Sales,NatWest Markets Michael Babic, Americas Head, FX eCommerce Sales,Goldman Sachs
  • Defining the benchmark universe- How are benchmarks defined and what different options are available for performance measurement?
  • Averages vs. point in time- What does each type of benchmark entail and how can you establish which type is best for you?
  • Is a ‘one-size-fits-all’ strategy the best option when selecting your benchmark or should you use multiple benchmarks based on your portfolio mandates?
  • Data sources and methodology- How can you ensure the data is sufficient enough from your providers to ensure you are using the most reliable benchmark?
  • Analysis with confidence- What are the pitfalls of different benchmarks and how can you minimize their risks to accurately analyze execution and trader performance?
img

Mr Kevin McPartland

Head of Market Structure Research
Greenwich Associates

img

Paul Shahied

FX Trading
Fidelity Investments

img

David Biser

Senior Trader
Campbell and Company

img

Rudy Pino

Head of US eFX Sales
NatWest Markets

img

Michael Babic

Americas Head, FX eCommerce Sales
Goldman Sachs

Track A - Achieving Best Execution

3:00 pm - 3:20 pm Fireside Chat: Accessing market data to achieve FX transparency- How can you build a robust data network in the OTC market to support your pre and post trade analysis?
Michael Koegler, Principal,ViableMKTS Nathaniel Polachek, Portfolio Manager and Partner,Commodity Asset Management Andrew Ralich, CEO,oneZero Financial
  • Pre-trade analytics- What data sets can help you establish trading costs, spreads and depth of liquidity before you go to trade?
  • What sources can you obtain pre trade data from and what should the cost be?
  • Once you have different market data sets, how can you analyze this and build it into actionable data to support your trading decisions?
  • Post trade data- How can you use this as an efficient management tool to ensure traders are maximizing performance?
  • Using data aggregators- How can you find quick, low costs solutions to aggregate, store and retrieve data and are data aggregators reliable enough?
img

Michael Koegler

Principal
ViableMKTS

img

Nathaniel Polachek

Portfolio Manager and Partner
Commodity Asset Management

img

Andrew Ralich

CEO
oneZero Financial

  • The state of FX liquidity in 2018- Have FX market volumes already peaked  and are now declining or is the current dip in market volume just representing a cyclical change?
  • What options are available for buy side firms to expand their access to new sources of liquidity and what steps can you take to incorporate this into your workflow?
  • Establishing good liquidity- How can you measure the performance of your liquidity providers to establish the best partners in different trading scenarios?
  • How can you best manage your liquidity relationships to ensure you have access during times of market stress?
img

Mr Kevin McPartland

Head of Market Structure Research
Greenwich Associates

img

Isaac Lieberman

President and CEO
Aston Capital Management

img

Paul Aston

CEO and Director
Tixall Global Advisors

img

Christopher Chattaway

Managing Director
Goldman Sachs

img

Jean Cayla

Head of Execution and Direct Trading
Optiver

img

Thomas Gentile

Head of FX
Crabel Capital Management

Track B - Exploiting New Investment Trends

2:00 pm - 2:20 pm Industry Perspective: The past, present and future of Crypto currencies- Why is it starting to grow and how can you invest in them?
Bobby Cho, Head of OTC Trading, Crypto,DRW

img

Bobby Cho

Head of OTC Trading, Crypto
DRW

Track B - Exploiting New Investment Trends

2:20 pm - 3:00 pm 360 Perspective: The end of central bank divergence- What is the outlook for both the FED and the ECB and how can you position your portfolio to capitalize on these new opportunities?
Michael Melvin, Executive Director,Rady School of Management UCSD Lee Ferridge, Head of FX Strategy,State Street Global Markets Alejo Czerwonko, Director, Emerging Markets Investment Strategy,UBS Wealth Management Paresh Upadhyaya, Director of Currency Strategy,Pioneer Investments Saeed Amen, Founder,Cuemacro
  • What is the outlook for Fed policy over the next 12 months and how will this impact the long term dollar outlook?
  • Central bank policy convergence- With the ECB winding down their Quantitative Easing programme what impact will this have on the euro?
  • With the FED tightening rates and the ECB set for a hike what impact will this have on both Euro and US currency markets?
  • Long or short- How should you consider the Euro what are the potentials for growth?
img

Michael Melvin

Executive Director
Rady School of Management UCSD

img

Alejo Czerwonko

Director, Emerging Markets Investment Strategy
UBS Wealth Management

img

Lee Ferridge

Head of FX Strategy
State Street Global Markets

img

Paresh Upadhyaya

Director of Currency Strategy
Pioneer Investments

img

Saeed Amen

Founder
Cuemacro

Track B - Exploiting New Investment Trends

3:00 pm - 3:20 pm Industry Perspective: FX Markets in the Trump era- Is the dollar rally over?
Alessio De Longis, Vice President,OppenheimerFunds
  • What are the key fundamentals and drivers of the US dollar in 2018?
  • Upcoming dollar bear market- is it pre-mature or well under way?
  • US fiscal policy- Will fiscal stimulus in the US help reflate the economy?
  • Monetary policy convergence and central bank rate hikes- Are we now going to see a cyclical weakening of the dollar over the coming years?

img

Alessio De Longis

Vice President
OppenheimerFunds

  • Mapping out the geopolitical   scenario for 2018- what are the emerging themes that are coming out and how   can you best prepare for these?
  • Global political   volatility- What lessons can be learned after recent political events such as   Brexit and the US election and their impacts on currency markets?
  • With increased   geo-political risk over the past 2 years, why has FX volatility remained so   low, and is this set to return in 2018?
  • What does political uncertainty, risk aversion and policy tightening mean for emerging countries?
img

Ben Emons

Head of Portfolio Management
Intellectus Partners

img

Ulf Lindahl

Chief Investment Officer
A.G. Bisset Associates

img

Steven Englander

Head of Research and Strategy
Rafiki Capital Management

img

Manuel Aarón Fajardo García

Principal and Chief Executive Officer of the Investment Manager
Ocean Capital Advisors LLC

img

Lee Ferridge

Head of FX Strategy
State Street Global Markets

Workshop A - Assessing The Impact Of MiFID II

2:00 pm - 3:00 pm Workshop: Pushing the boundaries of performance through algos and TCA- Your road to best execution in a MiFID II world?
Amish Naik, Americas Head Algo iX,BNP Paribas Asif Rasaq, Global Head of Automated Client Execution (ACE),BNP Paribas Pete Eggleston, Co-Founder and Director,Best-X Ltd
  • Regulatory scrutiny, market structure complexities, fractured liquidity- What standards are now essential from your TCA system to meet your compliance goals?
  • Increased autonomy in execution decision making- How should TCA be used to ensure your buy side traders are contributing positively to alpha generation?
  • Intelligent execution- How to automate flow, access more liquidity, increase spread and minimize information leakage through algos and smart learning
  • Technology, automation and regulation- Developing a robust, future-proof best execution strategy 
 
img

Amish Naik

Americas Head Algo iX
BNP Paribas

img

Asif Rasaq

Global Head of Automated Client Execution (ACE)
BNP Paribas

img

Pete Eggleston

Co-Founder and Director
Best-X Ltd

Workshop B

2:00 pm - 3:00 pm Liquidity Workshop: Bank Pricing vs. the External ECN Market – How can you utilize both models of trading to effectively leverage access to all available liquidity pools?
David Wright, Global Head of Macro Electronic Trading,Morgan Stanley Robert DiTrapano, Global Head of Electronic Spot FX Trading,Morgan Stanley
  • Quote-based and order-based trading- How can you utilize both to optimize liquidity access?
  • How is the evolution of FX liquidity provision evolving and what can you apply from the equities market?  
  • How may electronic trading similarly evolve other fixed income products? What is the next frontier?

img

David Wright

Global Head of Macro Electronic Trading
Morgan Stanley

img

Robert DiTrapano

Global Head of Electronic Spot FX Trading
Morgan Stanley

4:00 pm - 4:30 pm Afternoon Refreshment Break

Track A: Prime Brokerage vs. Central Clearing

4:30 pm - 5:10 pm 360 Perspective : The co-existence of clearing and FX Prime Brokers- How are capital efficiencies of clearing driving changes in market structure and what impact will this have on your FXPB counterparties?
Javier Paz, Head of FX Coverage,Aite Group Ankeet Dedhia, Head of FX Product, Americas,LCH Brad Bailey, Research Director,Celent John O’Hara, Global Head of FXPB and FX Clearing,Societe Generale Oscar Salem, Managing Partner, Investor Relations,Cold Spring Asset Management
  • With the introduction of uncleared margin rules (UMR) and variation margin rules (VMR) in 2017 what impact is this having on FX products, clearing and the market structure? 
  • Challenging conventional wisdom- Analyzing the impact of increased clearing and the impact on the FXPB landscape 
  • With ongoing challenges around balance sheets, leverage ratio, uncleared margin rules and increased costs around infrastructure, how are FXPB models adapting to meet buy side needs?
  • The impact on liquidity in the clearing market- How is this becoming a bigger driver and pushing products to be cleared? 
  • Assessing liquidity in cleared vs. uncleared markets- How does this compare and what are the pricing differences? 
img

Ankeet Dedhia

Head of FX Product, Americas
LCH

img

Brad Bailey

Research Director
Celent

img

Javier Paz

Head of FX Coverage
Aite Group

img

John O’Hara

Global Head of FXPB and FX Clearing
Societe Generale

img

Oscar Salem

Managing Partner, Investor Relations
Cold Spring Asset Management

Track B: Building A Profitable Strategy

4:30 pm - 5:10 pm Oxford Style Debate: True or False: With recent underperformance by alpha strategies now is the time to move to smart beta for better returns in FX
Michael Melvin, Executive Director,Rady School of Management UCSD Ken Chee, Trader and Portfolio Manager,STRS Ohio Chung Ma, Portfolio Manager,Virginia Retirement System Tammer Kamel, CEO,Quandl Robert Savage, CEO,CCTrack Solutions
ü  Carry, value and momentum- Reassessing the signals that are driving currency alpha in 2018
ü  What opportunities will the carry trade bring on the back of more US rate hikes- Can they keep pace or will they hit the ceiling?
ü  Are the current features of the FX market more favorable to smart beta strategies with traditional alpha strategies struggling due to market crowding and lack of proper risk controls?
ü  With smart beta portfolios paying out in other asset classes, what are the indications that they could now generate more returns in FX?
Maximizing returns for your investors in 2018- What trades should you focus on and what should you avoid? 
img

Ken Chee

Trader and Portfolio Manager
STRS Ohio

img

Chung Ma

Portfolio Manager
Virginia Retirement System

img

Tammer Kamel

CEO
Quandl

img

Michael Melvin

Executive Director
Rady School of Management UCSD

img

Robert Savage

CEO
CCTrack Solutions

Workshop A: Execution Implications From MiFID II

4:30 pm - 5:30 pm Workshop: The Concept of non-bank liquidity- Evaluating the rise of non-traditional providers and their place in the modern FX workflow
Kevin Kimmel, Market Making,Citadel Securities
  • Why have new liquidity providers emerged and what is their place in the modern FX market structure?
  •  What value can new liquidity providers offer and how does this differ to what people think of traditional liquidity providers?
  • How can you distinguish between both traditional and new liquidity providers?
  • How can you connect to new liquidity providers and incorporate them into your workflow as an additional liquidity source?
img

Kevin Kimmel

Market Making
Citadel Securities

Workshop B

4:30 pm - 5:30 pm Exclusive Invite Only Buy Side Think-Tank: How can the buy side better collaborate to drive mutually beneficial initiatives forward
Open to 15 Global Heads of Trading from North America’s top 20 asset managers, hedge funds and CTAs
 

5:10 pm - 5:15 pm Transit time to main conference room

New Flash Crash Insights

  • Widening spreads and your concentration of risk- what are the alternative assets and positions you can utilize to reduce risk? 
  • The link between volatility and risk- is electronic trading dampening FX volatility?
  • What approaches can you take to best understand and identify the areas of greatest risk – can these risks be reduced with increased automation when trading different currency pairs? 
  • Trading FX electronically- What instances is human intervention essential to the FX execution process? 
  • The trade off between price risk and market impact- How do the buy side envision, gather and trade their currency risk?

img

Michael Melvin

Executive Director
Rady School of Management UCSD

img

Nathaniel Polachek

Portfolio Manager and Partner
Commodity Asset Management

img

Jason Leinwand

Currency Strategist
FirstLine FX

img

Paul Chappell

Chairman of C-View Limited and ACI Director of Education
C-View

img

Christopher Matsko

Head of FX Trading Services
Portware, a FactSet Company

5:55 pm - 6:00 pm Chairperson’s closing remarks: Michael Melvin

6:00 pm - 7:00 pm Lucera Cocktail Drinks Reception