FOW Derivatives World London: The Debates 2018


Grange City Hotel, London, United Kingdom

04 Dec 2018

 

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 different formats and angles to the issues of the day.

If you have any questions about the event please contact Yasmin Okolo yasmin.okolo@globalinvestorgroup.com
To discuss sponsor options email Hanna DeBank hanna.debank@globalinvestorgroup.com.

Agenda


 

8:00 Registration and networking breakfast

9:00 Welcome address

Luke Jeffs, Managing Editor, Global Investor Group


9:10 Keynote address

Erik Norland, Economist, CME Group


9:30 Debate: Blockchain technology will revolutionise the derivatives market

Jean-Marc Bonnefous, Managing Partner, Tellurian Capital
Robert Luciani, CTO, Laketide


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?

Moderator: William Mitting, MD, Global Investor Group

Speakers:
Eddie Tofpik,
Head of Technical Analysis and Senior Markets Analyst, ADM Investor Services International Limited.
Nicolas Bertrand,
Global Head of Derivatives and Commodities Markets, LSEG
Garry Jones,
Director, Horatio Ventures
Anil Batra,
Chief Operating Officer, Hertshten Group

 

 

11:20 Ted Talk: Generating Alpha: making enterprise risk management great again
Andrew Smart, Head of Enterprise Risk, KRM22

 


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?

Moderator: Luke Brereton, Managing Director, Standard Chartered Bank

Speakers:
Martin Frewer,  Global Commercial Director, ABN AMRO
Rafael Plata, Secretary General, European Association of CCP Clearing Houses (EACH)
David Horner, Head of In-Business Risk, Rates & FX Derivatives, LCH
David Feltes, Director, KPMG UK Managing Consulting.


12:20 Lunch


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?


Moderator: Nandini Sukumar, CEO, WFE

Speakers:
Jake Pugh, MD, PughView Ltd.
Sergio Gullo, Chief Representative for EMEA & APAC, B3 - Brazilian Exchange and OTC
Julian O'Leary , COO,  GHF
Megan Morgan, Global Head of Equity & Index Sales, Eurex 


14:15 Ted talk on MIFID II
Paul Willis, 
Technical Specialist - Commodities | Markets Policy | Strategy & Competition, Financial Conduct Authority


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?

 

Moderator: Peter Oakes, Non-Executive Director, Fintech and Regtech Companies

Speakers:
Michelle Zak, COO, Kyte Broking Ltd.
Barnabas Reynolds, Partner, Shearman & Sterling
Simon Puleston Jones, Head of FIA Europe, FIA
Richard Walker, Head of Business Development and Marketing, CurveGlobal Ltd

 

15:15 Coffee break


15:50 Market Presentation The Next Generation Stock Exchange
Marleen Evertz, Co-Founder and CEO, Nxchange


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, what has changed since the last time the market boomed and how the new benchmark contracts will fare. 
- 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?
- What progress has been made on libor replacement and what do the new contracts offer traders?

Moderator: Luke Jeffs, Managing Editor, Global Investor Group

Speakers:
Alex McDonald, CEO, EVIA
Andy Ross, CEO, CurveGlobal Ltd. 
Lee Bartholomew, Head of Fixed Income Product R&D, Eurex
Daniel Neeteson, Head of New Products - Corporate Strategy, Optiver


17:00 Drinks reception

 

 

Speakers

Luke Jeffs, Managing Editor, Global Investor Group
Erik Norland, Economist, CME Group
Jean-Marc Bonnefous, Managing Partner, Tellurian Capital
Robert Luciani, CTO, Laketide
William Mitting, MD, Global Investor Group
Eddie Tofpik, Head of Technical Analysis and Senior Markets Analyst, ADM Investor Services International Limited.
Nicolas Bertrand, Global Head of Derivatives and Commodities Markets, LSEG
Garry Jones, Director, Horatio Ventures
Anil Batra, Chief Operating Officer, Hertshten Group
Andrew Smart, Head of Enterprise Risk, KRM22
Luke Brereton, Managing Director, Standard Chartered Bank
Martin Frewer, Global Commercial Director, ABN AMRO
Rafael Plata, Secretary General, European Association of CCP Clearing Houses (EACH)
David Horner, Head of In-Business Risk, Rates & FX Derivatives, LCH
David Feltes, Director, KPMG UK Managing Consulting
Nandini Sukumar, CEO, WFE
Jake Pugh, MD, PughView Ltd.
Sergio Gullo, Chief Representative for EMEA & APAC, B3 - Brazilian Exchange and OTC
Julian O'Leary , COO, GHF
Megan Morgan, Global Head of Equity & Index Sales, Eurex
Paul Willis, Technical Specialist - Commodities | Markets Policy | Strategy & Competition, Financial Conduct Authority
Peter Oakes, Non-Executive Director, Fintech and Regtech Companies
Michelle Zak, COO, Kyte Broking Ltd.
Barnabas Reynolds, Partner, Shearman & Sterling
Simon Puleston Jones, Head of FIA Europe, FIA
Richard Walker, Head of Business Development and Marketing, CurveGlobal Ltd
Alex McDonald, CEO, EVIA
Andy Ross, CEO, CurveGlobal Ltd.
Lee Bartholomew, Head of Fixed Income Product R&D, Eurex

 

 

 

Platinum Sponsor


 

Eurex

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.

 

 

 

 

Gold Sponsor


 

 

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.

 

 

 

 

 

 

 Silver Sponsors


 

 CME Group

 

 

 

 

As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.  The company offers futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.  With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.

 

 

CurveGlobal

 

 

CurveGlobal is an interest rate derivatives venture between London Stock Exchange Group, and a number of leading dealer banks: Bank of America Merrill Lynch, Barclays, BNP Paribas, Citi, Goldman Sachs, J.P. Morgan and Société Générale, together with the Chicago Board Options Exchange.
CurveGlobal's aim is to develop a competitive offering via London Stock Exchange plc’s derivatives market (LSEDM) which has Recognised Investment Exchange status in the interest rate futures market, delivering lower transaction costs, and capital efficiencies through LCH SwapClear's interest rate portfolio margining solution.

 

 

Fidessa

 

 

 

Fidessa’s award-winning derivatives platform provides fully automated workflow and powerful execution capabilities for global futures, options, exchange-traded strategies, and US treasuries. It also delivers follow-the-sun order management, support for specialized derivatives algos, and integrated risk functionality. What’s more, its extensive order analytics features help you meet the increasing demands for transparency. With the ability to scale from a single regional implementation with international reach to a global deployment across multiple regions, it connects to all major derivatives exchanges worldwide. And we can deliver these market-leading execution features in a fully-hosted workstation that integrates complex order types, advanced spreading tools, market data, and risk, and lets third-party and FCM-designed algos access over 60 futures exchanges around the world. Now that Fidessa is part of ION, we are uniquely positioned to provide real-time front-to-back office solutions, which will improve automation and straight-through-processing, while providing powerful, interactive tools to help grow your business.

 

 KDPW

 

 

 

 

 

 

KDPW, The Central Securities Depository of Poland, is a part of a vibrant group of companies which offer specialty services for the financial sector including the operation of
a depository of dematerialised securities, the registration of financial instruments, the clearing and settlement of transactions on a number of markets, intermediation in payments to security holders, as well as data collection and maintenance.

The Group includes the central securities depository KDPW and the clearing house KDPW_CCP.
The core activities of the KDPW Group focus on growth and the development of an integrated portfolio of post-trade services and added-value services based on innovative technologies. The Polish CSD provides a number of services for issuers including intermediation in the payment of dividends to shareholders, the assimilation, exchange, conversion, and split of shares, and the exercise of subscription rights. KDPW operates the trade repository KDPW_TR and the Numbering Agency which issues ISIN, FISN, CFI and LEI codes.

KDPW_CCP is a central counterparty clearing house responsible for the clearing of transactions on the regulated market and in alternative clearing systems and for the operation of a clearing guarantee system. KDPW_CCP is authorised for PLN and EUR clearing under EU legislation and clears trade using a number of mechanisms which systemically mitigate the risks of counterparty default.

 

 

 

KRM22

 

 

KRM22 Helps Capital Markets Companies Reduce The Cost And Complexity Of Risk Management – A Fundamental Challenge That Erodes Their Profitability, And Constrains Opportunities To Generate Alpha.

Through the Global Risk Platform, KRM22 offers a modular application portfolio addressing risk management challenges across risk domains, covering market, regulatory, technology and operations risk, and across these domains as enterprise risk to assess, monitor and manage the increasing correlation between them.

Capital markets companies partner with KRM22 to optimize risk management systems and processes to improve profitability and expand opportunities to increase portfolio returns by successfully leveraging risk as alpha.

KRM22 is a public Group listed on AIM and headquartered in London, with offices in several of the world’s major financial centers. For more information, please visit www.krm22.com.

 

 

 

 

LCH

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.

 

 

LSEG

 

 

 

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
www.lseg.com

 

 Supporting Partner


 Euromoney TRADEDATA

 

Euromoney TRADEDATA is the trusted source in the exchange traded derivatives market and provides the widest coverage of product reference data for futures and options trading worldwide.  The extensive depth of contract, symbology and regulatory attributes and exchange information, sets Euromoney TRADEDATA apart in being able to offer highly customised data feeds which can easily integrate with any proprietary or vendor based platform. Euromoney TRADEDATA – where the industry goes too…

 

 

 

 

Venue


Grange City Hotel,
8-14 Cooper's Row | EC3N 2BQ
London