FOW Trading Singapore


Marina Mandarin Hotel, Singapore, Singapore

20 Sep 2018

 


 

You are invited to... 

Join over 350 delegates for the 2018 edition of Trading Singapore, the regions’ leading derivatives focused trading event.

Last year over 40% of the delegates were from buyside or proprietary trading firms with a further 30% from regional banks and brokers making it the largest gathering of derivatives market participants in Singapore. This year’s topics will include the latest thinking on everything from cryptocurrencies to clearing obligations…


For more information on sponsorship, contact Hanna DeBank at hanna.debank@fow.com.

For event related enquiries, contact Valerija Slavina at valerija.slavina@globalinvestorgroup.com.

For speaking enquiries, contact Joy Tio at jtio@fow.com

Agenda


 

 

9:00 Welcome address


9:05 Keynote address


9:20 State of the market and roadmap for the future


Fresh optimism has swept through the Asian derivatives market in the wake of increased volatility and higher volumes. This has brought to an end almost five years of subdued market conditions. However, the volatility comes as costs and complexity continue to rise for businesses operational in the market. This panel will bring together senior practitioners to set the scene for the day and analyse where the market is today. Use of derivatives in ETF and other investment products to enhance liquidity will also be discussed. 


10:10 Coffee break


10:40 Revisiting China: finally opening up?


China’s capital markets have been supposedly on the cusp of “opening up” for years without much progress. But now with the launch of the crude oil futures, the Connect Programme and the internationalisation of Iron Ore futures at Dalian, change is clearly coming. And with several Chinese exchanges and brokerages opening offices in Singapore, South East Asia looks set to be a key beneficiary.
- How open really are China’s markets today?
- What are the next steps to open up the market?
- How can offshore firms get in on the action at the INE and DCE?
- What does Belt and Road mean for China’s capital markets?


11:40 Ted talk


11:50 How to trade a trade war?


As global tensions over trade increase, FICC volatility looks likely to take centre stage in any upcoming trade war. The spectre of a trade war will create both opportunity and challenges. Any volatility resulting will be welcomed by traders, but firms need the right technology and operational infrastructure in place to trade fast moving markets across multiple asset classes. 

-  Which asset classes are likely to be most impacted by a trade war?
-  What investment in infrastructure is needed to trade the anticipated volatility? 
-  Are Asia’s listed FX derivatives markets deep enough to trade in times of heightened volatility?
-  Will a trade war lead to a crisis in emerging markets?
-  Which specific commodities could be impacted by trade war and how?

 


12:40 Lunch


14:00 Diversity in Asia’s derivatives markets: all power to the incumbent?


New exchange and contract launches are bringing diversity to Asia’s derivatives market. With a third exchange launching in Singapore and more likely to follow, the state is at the heart of the new launches. But can the challengers succeed in gaining liquidity where many others have failed and does the move by the Indian regulator to restrict offshore trading threaten the growth of Asia’s markets?
- What are the prospects for new exchanges and rival contract launches in Singapore?
- Does the internationalisation of China represent a challenge to incumbent Asian markets?
- How might indirect clearing establish Singapore as a market leader?
- How will the move to restrict trading on Indian benchmarks impact competition?


14:45 Tech lab: latest innovations in the derivatives tech space
- A series of quick-fire presentations on the latest opportunities for you to lower costs and improve efficiencies


15:00 Coffee break


15:30 Distributed ledger technology: here but not changing the world…yet


The hype around blockchain reached fever-pitch in 2016 but today real world examples of the usage of this new technology are coming on stream. While not yet changing the world, local initiatives such as the MAS interbank payment system are paving the way for larger scale projects such as those underway in bond trading at SGX and clearing at ASX.
- What real life examples of DLT are live today?
- What is coming down the line from firms in the derivatives market?
- How are firms using DLT to increase internal operational efficiencies?
- Will blockchain change the world and in what respect?


16:15 Cryptocurrencies: here to stay despite the doubters


Cryptocurrency trading has been the big story of the past 12 months and those predicting the end of opportunity have been proved wrong again and again. But as the market matures, serious questions are arising about how and where cryptocurrencies should be traded and if and when they will become serious institutional products.
- What is the latest thinking on liquidity and volatility in bitcoin and other currencies?
- Where will cryptocurrencies be traded in the future – OTC or on exchange?
- How to bridge the crypto market and the real economy?
- When will institutional investors adopt cryptocurrencies in Asia?


17:00 Drinks reception


19:00 The Asia Capital Markets Awards Gala Dinner (tickets to be booked separately)

Speakers


 

 

Juca Andrade, Chief Product and Client Officer, B3
Sharon Ang, Cboe Global Markets 

Jiaxiang Chen, General Manager, Yanqi Capital
Justin Chow, Head of Business development, Cumberland
Divya Devesh, Head of ASEAN and South-Asia FX Research, Standard Chartered Bank
Arjen Gaasbeek, MD, Flow Traders Asia
James Hardcastle, Business Development Director-APAC, Capital Markets, Colt Technology Services
 Jennifer Ilkiw,
Vice President, Asia Pacific, Intercontinental Exchange
Jonathan Heng, Head of Partnerships, Tilde Trading
Kevin Kao, Director, Yanqi Capital
Bernard Lock, Associate Professor, University Technology Brunei
Robbie McDonnell, Industry Consultant 
Chris Pardey, CEO, RCMA Group
Lewis Richardson, Derivatives Business Development Manager, Fidessa
Bill Sarran, Distribution & Relationship Manager, Asian Derivatives, Optiver
Brook Teeter, MD Asia Pacific, DRW Singapore Pte. ltd
Sam Tyfield, Partner, VedderPrice
Sriram Vasudevan, MD, Graticule Asset Management Asia Pte Ltd
Rohit Verma, Director, APAC Head of Risk, Citi Futures, Clearing and Collateral
Lili Wang, Deputy General Manager, and Head of International Business, Minmetals & Jingyi Futures Co Ltd
George Wen, Head of International Business, Huatai Futures Co Ltd 
Jane Zhang, Vice President and Chief Risk Management Officer, Olympus Hedge Fund Investments
Ruobin Zhang, Vice President, Soochow CSSD Asset Management (Asia) Pte Ltd
Cecelia Zhong, CMO, Guojin Metal Technology

 

 

 

Gold Sponsors


 

Colt

 

Colt aims to be the leader in enabling customers’ digital transformation through agile and on demand, high bandwidth solutions. The Colt IQ Network connects over 800 data centres across Europe, Asia and North America’s largest business hubs, with over 25,000 on-net buildings and growing.
Colt has built its reputation on putting customers first. Customers include data intensive organisations spanning over 200 cities in nearly 30 countries. Colt is a recognised innovator and pioneer in software defined networks (SDN) and network function virtualisation (NFV). Privately owned, Colt is one of the most financially sound companies in its industry and able to provide the best customer experience at a competitive price. For more information, please visit www.colt.net.

 

 

TMX

 

 

 

TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Beijing and Singapore. Its key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities and fixed income.
Montréal Exchange (MX) is Canada’s derivatives exchange, owned and operated by TMX Group, offering retail and institutional investors futures and options products across major asset classes, including interest rates, equities, FX, Canadian stock indices and repos, as well as clearing services. MX serves an important function in the stability and viability of Canada’s financial markets.
MX set a new overall volume record in 2017 with 96.3 million contracts traded, a 5% increase compared with 2016, led by strong growth in interest rate products.
Follow us on Twitter: @TMXGroup and @MtlExchange

 

 

 

Trading Technologies

 

 

Trading Technologies creates professional trading software and solutions for a wide variety of users including proprietary traders, brokers, money managers, CTAs, hedge funds, commercial hedgers and risk managers. In addition to providing access to the world’s major international exchanges and liquidity venues via its TT® and X_TRADER® trading platforms, TT is developing domain-specific technology for cryptocurrency trading and rolling out machine-learning tools for real-time trade surveillance. TT serves a global customer base, employing 350+ people in 13 offices across North and South America, Europe and the Asia/Pacific region. For more, visit www.tradingtechnologies.com or follow @Trading_Tech on Twitter.

 

 

 

Silver Sponsors


 

B3

 

B3 is one of the world’s largest financial market infrastructure providers by market value. The services it offers range from exchange trading, clearing,depository, trade repositoryand other post-trade services to registration of over-the-counter (OTC) transactions and of vehicle and real estate loans. We are committed to Brazil, our clients, and constant development of the financial and capital markets.

 

 

 

 

Cboe

 

 

 

Cboe Global Markets, Inc. (“Cboe Global Markets” or “Cboe”) is one of the world’s largest exchange holding companies, offering cutting-edge trading and investment solutions to investors around the world. The company is committed to relentless innovation, connecting global markets with world-class technology, and providing seamless solutions that enhance the customer experience.
Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index), the world’s barometer for equity market volatility.
Cboe’s trading venues include the largest options exchange in the U.S. and the largest stock exchange by value traded in Europe. In addition, the company is the second-largest stock exchange operator in the U.S. and a leading market globally for ETP trading.

 

 

 CME Group

 

 

 

CME Group is the world's leading and most diverse derivatives marketplace, handling 3 billion contracts
worth approximately $1 quadrillion annually (on average). The company provides a marketplace for buyers and sellers, bringing together individuals, companies and institutions that need to manage risk or that
want to profit by accepting risk. Our exchanges - CME, CBOT, NYMEX and COMEX - offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals, and through our CME Globex electronic trading platform. CME Group also offers a growing slate of cleared OTC products and services. Additionally, CME Group operates CME Clearing – one of the world's leading central
counterparty clearing providers – which serves as the counterparty to every trade that happens in our markets.

With offices across Asia in Beijing, Hong Kong, Seoul, Singapore and Tokyo, CME Group works closely with its diverse Asian customer base to
serve its specific risk management and investment requirements.
Complementary to our business expansion through organic growth, our Asian presence is also
made up of strategic partnerships and close working relationships with various regional exchanges and institutions.

 

Fidessa

 

 

 

 

About Fidessa group
Exceptional trading, investment and information solutions for the world’s financial community.

New technology, new regulation, new challenges: making money in today’s financial markets is all about staying ahead of the curve. Having the capability to spot new trends and act fast turns change into opportunity. That’s why 85% of the world’s premier financial institutions trust Fidessa to provide them with their multi-asset trading and investment infrastructure, their market data and analysis, and their decision making and workflow technology. It's also why around $26 trillion worth of transactions flow across our global network each year. Because we’re the market leader, we can also offer unique access to the world’s largest and most valuable trading community of buy-side and sell-side professionals, from global institutions and investment banks to boutique brokers and niche hedge funds.

Fidessa is a global business with scale, resilience, ambition and expertise. We’re listed on the London Stock Exchange and recognised as the thought leader in our space. We set the benchmark with our unrivalled set of mission-critical products and services and, uniquely, serve both the buy-side and sell-side communities. Ongoing investment in our leading-edge, integrated solutions ensures Fidessa remains the industry's number one choice.

www.fidessa.com

 

 

G.H. Financial 

 

 

 

 

 

G. H. Financials is a provider of global clearing solutions for exchange traded futures and options contracts to the world’s leading derivatives markets. G. H. Financials has provided market access and clearing services to professional traders and institutions around the globe since 1993.
GHF clears on over twenty-five exchanges globally and has been consistently one of the largest clearing members on the European and US futures exchanges. G. H. Financials is headquartered in London and operates subsidiary businesses in both Chicago and Hong Kong.
For further information about GHF, please visit


www.ghfinancials.com

 

 

 

Huatai Futures

 

 

 

 

 

Huatai Futures Co., Ltd. (HTFC) is a top-tier Chinese futures broker, as a subsidiary of Huatai Securities, providing comprehensive services of financial derivatives, including commodity and financial futures/options brokerage, futures investment consultancy, asset management and OTC derivatives etc.
With over 20 years of experience, Huatai builds excellent teams, competitive resources and an all-round platform to serve a large size of diversified clients, with membership of CFFEX, SHFE, DCE, ZCE and INE. As a pioneering FCM in china, our OTC options business accounts for more than 60% of the total market in 2017. We are one of the largest brokers in INE crude oil.
Our presence in the Hong Kong and Chicago further facilitates our footprint in the global market. Our clients can receive professional perspectives of local policy and market insights in China market.

 

 

 

ICE

 

 

Intercontinental Exchange (NYSE: ICE) operates the leading network of global futures and equity exchanges and provides world class clearing, data and listing services across commodity and financial markets. The New York Stock Exchange is the world leader in capital raising and equities trading. 

Formed in 2000 to bring more transparency and accessibility to the OTC energy markets, ICE now operates twelve exchanges, six clearing houses and global data and listings services that drive global markets. Through a culture of growth, client service and innovation, ICE’s global network and state-of-the-art technology solutions serve the dynamic needs of market participants around the world.
www.intercontinentalexchange.com

 

 

MINMETALS & JINGYI FUTURES CO., LTD

 

MINMETALS & JINGYI FUTURES CO., LTD, headquartered in Shenzhen, China, was founded in 1993. As a subsidiary of Minmetals Capital, which is owned by China Minmetals Corporation, the company enjoys a strong financial background. It is the largest futures firm in China by registered capital totaling 2.72 billion yuan. As a “A Class Futures Company”, it provides services including commodity futures brokerage, financial futures brokerage and futures investment advisory with full clearing licenses of all futures exchanges in China, namely DCE, INE, SHFE, ZCE and CFFEX. To better support overseas investors, the company has established a bilingual team to provide one-stop services including trading, clearing, risk management and technology assistance.

Minmetals Capital is a public company listed in A-Shares (stock code: 600390). As a comprehensive financial service platform, Minmetals Capital has a wide range of businesses and subsidiaries covering futures, securities, commercial banking, asset management, insurance company, trust company and financial renting company.

The parent company China Minmetals Corporation (CMC), is China’s largest metals and minerals group and world’s biggest and best metallurgical engineering service provider. CMC controls assets totaling 1.68 trillion yuan, including 860 billion yuan of prop asset and 820 billion yuan of financial asset under management throughout branches in more than 60 countries and regions. In 2017, CMC, having business revenue achieved 500 billion yuan and profits exceeded 13 billion yuan, ranked as No. 1 in metals industry and the 109th among the Fortune Global 500.

 

 

Stellar

 

 

Stellar Trading Systems has supplied its global client base with cutting edge trading systems for over 14 years. Offering the professional trader a suite of products noted for their ultra-fast performance coupled with a robust architecture. Stellar delivers an intuitive front end with comprehensive order and risk management. It has an emphasis on speed, displaying market data and routing orders as fast as possible. Placing the complexities and workload of the trading system onto the servers frees the front end to focus solely on trader interaction, enabling Stellar to respond instantly, even in the busiest of market conditions.

 

 

 

Vela

 

 

 

 

 

Vela is a leading independent provider of trading and market access technology for global multi-asset electronic trading. Our software enables clients to successfully execute on their trading strategies and manage risk across multiple fragmented markets, liquidity pools, and data sources. We help firms successfully differentiate and innovate in an ever-changing, increasingly-regulated and fiercely-competitive landscape, whilst also reducing total cost of ownership.

Vela’s ticker plant, execution gateways, trading platform, and risk and analytics software deliver a unique, ultra-low latency technology stack for electronic low-touch and Direct Market Access (DMA) execution and pricing. We leverage the latest innovations in technology to deliver cutting-edge performance, features and reliability. Our modular stack is accessed through a single set of trading, data and risk APIs and can be delivered as-a-Service from multiple co-location data centres globally.

With access to more than 200 venues, Vela provides global coverage across all major asset classes. Clients are supported by an award-winning team of technical and business experts available 24x7 from our multiple offices in the US, Europe, and Asia. Vela’s clients include traders, market makers, brokers, banks, investment firms, exchanges, and other market participants. 

 

 

 

Quanthouse

 

 

QuantHouse enables advanced trading firms and financial firms to accelerate their transitioning process from legacy trading infrastructures to ensure readiness for the future reality of entirely automated, artificial intelligence, machine learning-driven and multi-asset class trading. We help hedge funds, market makers, investment banks, brokers and trading venues achieve optimal trading performance, develop and integrate new trading strategies, comply with regulatory requirements, test existing and new trading infrastructure tools and rationalise operating costs, via high performance API-based end-to-end, low-latency systematic trading solutions.

The “QuantHouse API Ecosystem” is a network of over 500+ financial institutions and is now the largest API ecosystem community of buy- and sell-side participants, exchanges, prime brokers, trading venues, hedge funds, market makers and other financial services partners and vendors. Participants can quickly and easily gain access to multiple trading venues, technologies or applications through standard QH APIs.

 

 

 

 Drinks Reception Sponsor


 

 

TMX

 

 

 

TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Beijing and Singapore. Its key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities and fixed income.
Montréal Exchange (MX) is Canada’s derivatives exchange, owned and operated by TMX Group, offering retail and institutional investors futures and options products across major asset classes, including interest rates, equities, FX, Canadian stock indices and repos, as well as clearing services. MX serves an important function in the stability and viability of Canada’s financial markets.
MX set a new overall volume record in 2017 with 96.3 million contracts traded, a 5% increase compared with 2016, led by strong growth in interest rate products.
Follow us on Twitter: @TMXGroup and @MtlExchange

 

 

 

Supporting Organisation


 

 

 

Asifma

 

 

 

ASIFMA is an independent, regional trade association with over 100 member firms comprising a diverse range of leading financial institutions from both the buy and sell side, including banks, asset managers, law firms and market infrastructure service providers.  Together, we harness the shared interests of the financial industry to promote the development of liquid, deep and broad capital markets in Asia.  ASIFMA advocates stable, innovative and competitive Asian capital markets that are necessary to support the region’s economic growth.  We drive consensus, advocate solutions and effect change around key issues through the collective strength and clarity of one industry voice.  Our many initiatives include consultations with regulators and exchanges, development of uniform industry standards, advocacy for enhanced markets through policy papers, and lowering the cost of doing business in the region.   Through the GFMA alliance with SIFMA in the United States and AFME in Europe, ASIFMA also provides insights on global best practices and standards to benefit the region. 

 

 

DCE

 

 

 

 

Dalian Commodity Exchange

 

Founded in 1993, Dalian Commodity Exchange (DCE) is one of the four futures exchanges under the supervision and administration of the China Securities Regulatory Commission. By 2018, a total of 16 futures contracts and 1 option contract have been listed for trading, which include iron ore, LLDPE, RBD palm olein, soybean, corn futures and soybean meal option. On May 4, 2018, DCE iron ore futures officially implemented introducing overseas traders.

Over the years, through orderly operation and stable development, DCE has already become world's largest futures market for edible oils and oilseeds, plastics, coal, metallurgical coke, and iron ore. In 2017, DCE achieved 1.09 billion contracts and RMB 52 trillion in trading volume and turnover respectively. According to FIA, in terms of trading volume, DCE was among the top ten derivatives exchanges in the world in 2017.

 

 

 

Media Partner


 

 

 

Eurekahedge

 

 

 

Launched in 2001, Eurekahedge has a proven track record spanning over 16 years as the world’s largest independent data provider and alternative research firm specialising in global hedge fund databases and research. Headquartered in Singapore with offices in New York and Philippines, the global expertise of our research team constantly adapts to industry changes and needs, allowing Eurekahedge to develop and offer a wide array of products and services coveted by institutional investors, family offices, accredited investors, qualified purchasers, financial institutions and media sources. In addition to market-leading hedge fund databases, Eurekahedge’s other business functions include hedge fund research publications, due diligence services, investor services, analytical platforms and risk management tools. For more information, please visit www.eurekahedge.com or marketing@eurekahedge.com

 

 

 

Venue


Marina Mandarin
6 Raffles Blvd,
Singapore 039594