TradeTech FX USA 2018

February 12-February 14, 2018

Eden Roc Hotel, Miami FL.

Contact Us: 44 (0) 207 367 9576

FX eTrading Evaluation Day

Buy Side Only

9:20 AM - 10:00 AM Registration & Networking Brunch

10:00 AM - 10:05 AM Welcome Address: Oliver Kirkbright

10:05 AM - 10:10 AM Chairperson’s Opening Remarks

Michael Koegler, Principal, ViableMKTS

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Michael Koegler

Principal
ViableMKTS

10:10 AM - 10:40 AM All Star Panel: Striking the right balance when adopting new electronic trading tools- How are leading buy side firms using different trading protocols and incorporating them into their workflow to drive down costs?

Michael Koegler, Principal, ViableMKTS Melissa Marquis, Managing Director, Currency Trading Technology, Wellington Management Co. Isaac Lieberman, President and CEO, Aston Capital Management
ü Compare and contrast- What are the pros and cons of different types of FX trading protocols available to the buy side?
ü Execution beyond RFQ- Where is the future of electronic trading heading with new innovations across SDP and MDPs?
ü In an RFQ dominated market, is the market structure and technology ready for a dominant Central Limit Order Book (CLOB) model?
ü Disclosed vs. anonymous- Is the need for relationship based trading growing with more flash crashes and increasingly stressed market conditions?
How can a consolidation be brought amongst trading venues and protocols without stifling open and fair competition to bring a more efficient market for all?

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Michael Koegler

Principal
ViableMKTS
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Melissa Marquis

Managing Director, Currency Trading Technology
Wellington Management Co.

Isaac Lieberman

President and CEO
Aston Capital Management

10:40 AM - 11:00 AM Keynote Presentation

Asif Rasaq, Global Head of FX Algo Executions, BNP Paribas


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Asif Rasaq

Global Head of FX Algo Executions
BNP Paribas

11:00 AM - 12:20 PM Platform Presentations: What new trading protocols and technology is each platform promoting and how can you best leverage these capabilities to improve your access to liquidity?

Michael Koegler, Principal, ViableMKTS
Listen to a 10 minute innovation pitch from each platform to fully understand:
  • Headline view on trading protocols and technology promoted
  • What are their unique selling points
  • What have been the latest buy side adoption rates
  • What challenges of yours they can help you solve

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Michael Koegler

Principal
ViableMKTS

12:20 PM - 1:20 PM Networking Lunch Break Hosted by BNP Paribas

1:20 PM - 3:30 PM Drill Down Roundtables: Evaluate the newest –FX etrading offerings with your peers to understand who is best placed to meet your liquidity needs

Break into groups of 8 buy side and sit with each platform on roundtables to engage in an open Q&A discussion with your peers
Each roundtable lasts 15 minutes

3:30 PM - 4:00 PM Networking Afternoon Break

Enhancing Your Technological Capabilities

4:00 PM - 5:00 PM Workshop 1: Advanced Algos- How to establish the best use cases for algos to enrich your execution capabilities

Ralf Donner, Global Head of Client FX Algo Execution, Goldman Sachs
ü Algo building blocks- How are they built, how do they work and how do different types of algos trade?
ü In what trading scenarios would algos outperform manual execution through minimizing market impact, reducing slippage and hitting the benchmark?
ü Generic vs. bespoke- How can you establish the best type of algos for different trading strategies and scenarios?
ü How can you identify the areas of greatest risk when using algos and what can you do to minimize these?
Dynamic optimization and basket algos- What can be developed to take FX algos to the next level and satisfy buy side needs?

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Ralf Donner

Global Head of Client FX Algo Execution
Goldman Sachs

4:00 PM - 5:00 PM Workshop 2: FX TCA deep dive- How to ensure you have best practice TCA in place to better measure and enhance your execution performance?

Zoran Mavrinac, Senior Managing Director, Curex Group Franz Schmidpeter, Managing Director, Curex Group
ü TCA modelling- What different methods of TCA are available to the buy side and how you incorporate these measures to enhance both trader performance and to prove best execution?
ü Pre trade modelling and scenario analysis- How can you feed your post trade data into your TCA to help with pricing, counterparty selection and execution strategy?
ü Measuring OTC trading via TCA- How can you collect all the pricing and data to see the full picture?
ü Post trade analysis- How can you best analyze execution, market impact and slippage?
Analyzing TCA across asset classes- could there be a one-size-fits-all multi asset TCA?

Zoran Mavrinac

Senior Managing Director
Curex Group
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Franz Schmidpeter

Managing Director
Curex Group

4:00 PM - 5:00 PM Workshop 3: Navigating the Shifting Liquidity Landscape-Optimizing execution outcomes across electronic and voice venues

Edward Brown, Chief Executive Officer, GTX SEF
  • Adapting to regulatory mandates and preparing your trading desk- How are institutions refining execution tactics to fit the current FX landscape?
  • Understanding the impact of regulation on liquidity. How are leading firms balancing direct dealing with regulated platform execution?
  • Combining electronic and voice execution to optimize trade execution performance-What are keys to identifying the best approach across an expanding array of venues and services?
  • Examining new central limit order book models for NDFs, swaps, and forwards. How do SEFs and emerging CLOB models for forwards and swaps trading work, how do they differ from spot FX ECNs and what are the best ways to integrate them into a firm’s portfolio of electronic trading venues?
  • Understanding a SEF trade execution requirement. What does it mean and what are the responsibilities for traders?
  • 2018 Regulatory Outlook-How could it continue to impact liquidity?


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Edward Brown

Chief Executive Officer
GTX SEF

5:00 PM - 6:00 PM BAML Drinks Reception – Available to FX etrading evaluation day attendees only