We end the year with our annual FOW Derivatives World London: The Debates. The event brings together over 200 people from the London derivatives markets to discuss the events over the past year and look ahead to 2018. The conference opens with an Oxford Style debate and brings new formats and angles to the issues of the day.
The agenda for this event will be published by September 5.
9:00 Welcome address
9:10 Keynote address
9:30 Debate: Blockchain technology will revolutionise the derivatives market
10:10 Coffee break
10:40 The year that was and the year ahead
Leading market participants review the state of the industry at the end of 2018, identifying the key trends of 2018, what we will be talking about in 2019 and how you should best prepare for what looks likely to be a volatile year.
- How did the industry fare over 2018?
- What will be the key trends of 2019?
- What are the key launches planned for next year?
- Where will the volatility be in 2019?
11:10 Ted talk
11:20 Ted talk
11:30 10 years on: Where is the risk and are CCPs the new too big to fail?
10 years on from the financial crisis and the post crisis regulatory reforms are still underway. Risk has shifted but not dissipated and concerns are growing that CCPs have become the new too big to fail entities. At the same time, some trading activity is shifting out of banks and into the wider market creating risks outside of regulated market activity.
- Where is the risk in the market today?
- Are CCPs secure enough to withstand industry-wide credit risk contagion?
- What are the implications of the growth of hedge fund and electronic liquidity provider market intermediation?
- What will drive the next crisis?
13:30 Exchange diversification: what do the recent moves mean for the market?
CME’s deal to acquire NEX follows in the footsteps of several similar deals by exchanges seeking to expand outside their core exchange traded derivatives activities. As the OTC and ETD markets continue to come closer together there will be more deals in this space. But what opportunities do the deal bring to the derivatives market and what does the exchange group of the future look like?
- What do recent exchange deals mean for the exchange business model?
- Where is likely to be the next area of investment for exchange groups?
- What benefits do recent deals bring to the ETD participants?
- Where is disruption to the current exchange model likely to come from?
14:15 Ted talk
14:25 Brexit – with three months to go, what do we know and what can you do?
Hopefully by the time of this event there will at least be some clarity on the future arrangements between the EU and the UK in financial services. At the time of writing the agenda the picture remains very confused. However, the next few months develops, this panel will ask where we are and what if anything firms can do to prepare.
- Has any progress been made on a post Brexit deal?
- What are the potential implications for the UK’s derivatives market?
- Where are the risks for firms in the market today?
- What on earth is going to happen?
15:10 Coffee break
15:40 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?
- Will a trade war lead to a crisis in emerging markets?
- Which markets are likely to be most volatile and how to trade them?
- Which specific commodities could be impacted by trade war and how?
16:20: The return of the rates business?
With interest rates going up again in the UK and the end of QE across the West the good times could be about to return to the rates market. This panel will look at whether the optimism is well founded and what has changed since the last time the market boomed.
- Are the good times back in the rates business?
- What does the return of interest rate uncertainty mean for the options markets?
- What has changed since the last solid rates market in terms of strategies?
- Will clearing members retain interest revenue on margin as before?
17:00 Drinks reception
Eurex Exchange is one of the world’s leading derivatives exchanges, serving a growing global distribution network. It offers more than 2,000 products covering all major
as well as alternative asset classes. Our marketplace – based on innovative IT infrastructure – is gateway to the most heavily traded euro-denominated equity index and
fixed-income derivatives. As part of Eurex Group, we provide access to a global liquidity network with daily trading volumes of around 7 million contracts.
Eurex Exchange uses Eurex Clearing, one of the leading central counterparties globally.
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.
LCH has always endeavoured to build strong relationships with partners across the global markets to deliver best-in-class risk management. With our accumulated experience and expertise, we are uniquely positioned to help participants increase capital and operational efficiency, while adhering to an expanding and complex set of cross-border regulations. Working together with our stakeholders, we have helped the market transition to central clearing by introducing an array of innovative enhancements. These include solo compression with blended rate, an expanded set of customer protection options, and the launch of LCH Spider, our portfolio margining tool. When combined with an uncompromising commitment to service delivery, it's no surprise that LCH is the natural choice of the world’s leading market participants.
London Stock Exchange Group is a global market infrastructure business focusing on capital formation, intellectual property and risk and balance sheet management. LSEG operates an open access model, offering choice and partnership to customers across all of its businesses which include London Stock Exchange, Borsa Italiana, FTSE Russell Indexes, MillenniumIT and LCH.
The Italian Derivatives Markets (IDEM), launched in 1994, is among the top European derivatives exchanges. Based on one of the most liquid equity markets in Europe, around 190,000 contracts with a value equivalent to €5.2bn are traded daily. IDEM is a hybrid market in which members are allowed to enter orders and submit IOIs, while Market Makers play a constructive role in improving market liquidity and the efficiency of the price discovery process through their intense quoting activity. More than 20 market making firms are active on the IDEM market, displaying bids and offers on a continuous basis or responding to requests for quotes.
Thanks to CC&G, our CCP, members of the IDEM market can benefit from a full range of CCP value-added services: • Cross-margining • Integrated guarantees • Full-STP
London Stock Exchange Derivatives Market (LSEDM) offer Member firms new and innovative products, alongside our leading international marketplace for Russian Depositary Receipts derivatives. LSEDM also operates a linked order book model with Oslo Børs for Norwegian products, and trading of futures and options on FTSE100 Index and UK single stock derivatives. Members can also gain exposure to Turkey by trading futures and options on the BIST30.
All LSEDM products are cleared at LCH Ltd.
Further information on London Stock Exchange Group can be found at
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