TradeTech FX USA 2015 (past event)
January 26 - 27, 2015
Contact Us: 1.888.482.6012
Day 2
08:20 - 08:50 Registration and breakfast- Deluxe Omelettes served by Bloomberg
08:50 - 09:00 Chairperson's opening remarks
09:00 - 09:25 Buy Side Keynote: Navigating FX Markets in 2015 and beyond
Campbell and Company are one of the longest running commodity trading advisors in the world managing $4.5 billion in assets. As President, Mike oversees activities covering different asset classes for the innovative trading firm. Prior to being appointed President in 2012 Mike directly oversaw Campbell’s global trading desk. Campbell & Company uniquely covers the global markets in Asia, EMEA and the Americas, all from one office in Baltimore managing a team trading 24 hours a day, and Mike is viewed as a leading pioneer in the FX space. Attend this keynote presentation to learn:
- Where does FX fit into a multi-asset portfolio going forward?
- As central bank policy changes and we begin to understand the true impacts of Quantitative Easing, what are the implications for FX investors?
- Evolution of electronic FX market structure and execution and areas of Buy Side focus for 2015.
- After a year plagued by scandal in the FX markets, what can be done to improve the industry?
09:25 - 09:50 New Technology Insight: Transforming FX Trading for the buy side though the Managed Network-as-a-Service Model
In today’s complex global FX landscape, gaining timely access to a ready-made ecosystem of market participants and executing complex trading strategies are real challenges for the buy-side. Ganesh, who is responsible for spearheading strategic initiatives at IPC, will share insights on how a fully-managed global network-as-a-service (NaaS) built to enable asset managers and hedge funds tackles these challenges. In this session he will detail how this solution empowers you to benefit from industry best practices and allows you to focus on your core business of alpha generation. Attend to get insights on how you can:
- Gain access to a global community of liquidity venues, counterparties, market data, trade lifecycle services, broker-dealers, and institutional investors
- Optimize liquidity capture, achieve best execution, and reduce market impact
- Trade cost-effectively, increase speed-to-market, and manage risk
09:50 - 10:30 Cross Asset Panel: Equities vs. FX- What lessons can you learn from the equities evolution and transfer to your FX trading desk?
Speakers:
Steven Geovanis Chief Risk Officer Lyxor Asset Management Inc.
Patrick Fleur Managing Director PGGM
Griffin Frank SVP FX Trading T. Rowe Price
David Mechner CEO Pragma
Moderator:
Kevin McPartland Head of the Greenwich Associates Market Structure and Technology practice Greenwich Associates
Steven Geovanis Chief Risk Officer Lyxor Asset Management Inc.
Patrick Fleur Managing Director PGGM
Griffin Frank SVP FX Trading T. Rowe Price
David Mechner CEO Pragma
Moderator:
Kevin McPartland Head of the Greenwich Associates Market Structure and Technology practice Greenwich Associates
The FX industry is presently going through changes not too dissimilar from the equities asset class 5-10 years ago. Therefore there are some correlations between the two classes and transferable lessons to be learnt. This senior level panel brings together three experts who also have a strong background in equities who will share their tips on synergies to lookout for. Attend this panel to find out:
Greenwich Associates
- Recognising the key differences between equities and FX- what can we learn from the equities evolution?
- Has the new regulatory landscape created the environment for a far reaching transformation towards an equities-like market structure for FX?
- Is an equities-like environment in which most trades are done on an agency basis and executed via exchange now within the realm of possibility?
- Technological innovation- what tools and lessons can you take to prosper in the new market?
Kevin McPartland
Head of the Greenwich Associates Market Structure and Technology practiceGreenwich Associates
10:30 - 11:00 Morning Networking Break Sponsored by Bloomberg
New External Environment
11:00 - 11:45 360° Perspective: Is working with brokers now more performance or relationship driven?
With the changing market structure and influx of new technologies coming forward, the buy and sell side relationship is drastically changing. Not only will this senior level panel
discuss the pros and cons of relationship and performance based brokers, but it will also provide an insight in exactly what you should be demanding from your broker in order to stay ahead in a new market. Attend this panel discussion to find out:
Graham Capital Management
Tactical Asset Management
discuss the pros and cons of relationship and performance based brokers, but it will also provide an insight in exactly what you should be demanding from your broker in order to stay ahead in a new market. Attend this panel discussion to find out:
- In the new market, how should you judge your relationship with your broker?
- What are the pros and cons of relationship over performance based connections?
- How can you use technology to measure your broker performance and ensure you are achieving best execution?
- What is the key criteria buy side now looks for in their broker?
Pierre-Yves Guillo
Algo Trading Portfolio ManagerGraham Capital Management
Josh Levy
Founder, Managing DirectorTactical Asset Management
New Trading Strategies
11:00 - 11:45 360° Perspective: Discretionary trading vs. automated trading- which strategy is best suited to your business?
As the industry moves towards an e-trading model, there has been an increased uptake in automated trading, but is this the best strategy for your business? This panel will provide
expertise on the pros and cons of each strategy, and has full representation from traders who use both trading strategies so are best placed to discuss the benefits of each. This is a must attend panel where you will find out:
State Street Global Markets
expertise on the pros and cons of each strategy, and has full representation from traders who use both trading strategies so are best placed to discuss the benefits of each. This is a must attend panel where you will find out:
- What are the benefits of discretionary trading vs. automated trading methods?
- What kind of investor is suited to the discretionary trade vs. automated trade?
- In a market where pioneering technology is leading the way in transforming trading strategies, why is automated trading not more popular?
- Which discretionary and automated strategies are best- factors to consider when making trade decisions
- Will automated trading eventually replace most discretionary trading?
Michael Metcalfe
Head of Macro StrategyState Street Global Markets
Stream A
11:45 - 12:30 Case Study Revolution: How to position your trading desk to respond to the new FX market structure
Buford Scott oversees the C-View Stelrox Systematic Currency Strategy, an emerging FX strategy managed by C-View Limited, which is scheduled to begin trading in September 2014. The Stelrox strategy a new alternative strategy and is based on the culmination of Mr. Scott’s 28 years of trading experience, spent at top-tier financial institutions, including JP Morgan, Merrill Lynch, and Goldman Sachs. Attend this interesting session to find out:
- Nurturing the relationship between liquidity streaming banks and their counterparties
- Will fragmentation lead to a more robust system or will a liquidity mirage evolve and become more present in the market?
- Adopting best practices for a renewed OTC market place
- Incorporating hedging tools to mitigate risk
Stream B
11:45 - 12:30 Case Study Revolution: Looking under the hood of FX price movements to improve your trading results
Daniel has developed the successful Shaffer Stock Investment Program, a stock and ETF separately managed account. As he continues to profitably trade commodity futures and foreign currencies, he shares his personal knowledge, research and trading experiences on price movements to help you improve your trading results.
- How to locate support and resistance levels using 24-hour trading in FX
- What could move markets during certain times of the day?
- How are the central banks affecting price action and volatility?
- How to decipher and leverage the strategies of algorithmic trading programs
12:30 - 13:30 Networking lunch Sponsored by Bloomberg
Opportunities in Global Currencies
13:30 - 14:00 360° Perspective: Emerging vs. G10 currencies: What are the best short term and long term opportunities?
This senior level panel will be discussing the opportunities you will find in both G10 and
Emerging currencies. Each panellist is responsible for portfolios across jurisdictions in either G10 or emerging markets and bring together years of investment experience to give you the best advice. Attend this session to find out:
Loomis Sayles & Co.
Bulltick Capital Markets
Emerging currencies. Each panellist is responsible for portfolios across jurisdictions in either G10 or emerging markets and bring together years of investment experience to give you the best advice. Attend this session to find out:
- Are high returns the main deciding factor when deciding which currencies to trade?
- Where are the liquidity pools and how long term are they?
- Yield or low risk – which is more desirable?
- How appealing will emerging market currencies be once interests rates within the US and Europe rise?
Eddy Sternberg
Vice PresidentLoomis Sayles & Co.
Alberto J. Bernal-León
Head of ResearchBulltick Capital Markets
Capitalising on Future Trends
13:30 - 14:00 Why consuming thousands of Big Macs could be good for your currency investment process?Michael and his team have spent more than a decade integrating measures of investor behaviour and more recently inflation into currency investment processes. Along with his colleagues at PriceStats, a company that scrapes millions of retail prices each day from the internet, his latest work focuses on the recurring question of FX valuation. Attend this case study to gain insight on:
- How can ‘Big Data’ address the challenge of FX valuation
- Does FX valuation only matter in the long-run?
- Is anyone really winning the currency wars?
- Is the USD already overvalued or is the overshoot only just beginning?
Michael Metcalfe
Head of Macro StrategyState Street Global Markets
Stream A
14:00 - 14:10 Stream A continuedStream B
14:00 - 14:10 Case Study: Global macro-economic developments around Latin America, South East Asia and Eastern Europe
Robert has over 23 years of experience in FX Macro Sales at Goldman Sachs alone. He
has published widely-read research focusing on the FX markets and the macroeconomic
environment. Robert is now both CEO and Head of Research of the online platform, Track.
com. This year Robert has been able to use his own research to use diverse strategies that
have reduced risk while trading in emerging markets. Attend this session to gain insight from this proficient expert on:
has published widely-read research focusing on the FX markets and the macroeconomic
environment. Robert is now both CEO and Head of Research of the online platform, Track.
com. This year Robert has been able to use his own research to use diverse strategies that
have reduced risk while trading in emerging markets. Attend this session to gain insight from this proficient expert on:
- What are the key themes dominating emerging market FX that you should look out for?
- Where do the key developments and opportunities lie within emerging markets?
- How are the economic changes in Russia going to impact FX trading activities?
- In which EM currencies might the opportunities lie in the year ahead?
Stream A
14:10 - 14:30 Case Study: How to diversify your portfolio by investing in the Renminbi
Lundgreen’s Capital’s client segments are funds, corporations, municipalities, trusts and high net worth individuals based in northern Europe. Lundgreen’s Capital publishes a
widely read 28-page quarterly magazine about the global financial markets, a 28-page quarterly magazine about China plus weekly newsletters. Peter will provide expertise around:
widely read 28-page quarterly magazine about the global financial markets, a 28-page quarterly magazine about China plus weekly newsletters. Peter will provide expertise around:
- What the opportunities are in off shore Renminbi investments?
- How reliable is the Chinese market?
- Correlation of tapering and market position of RMB
- What are the realistic returns of Renminbi investment?
Stream B
14:10 - 14:30 Stream B continued14:30 - 15:00 Afternoon Networking Break- Sponsored by Bloomberg
15:00 - 15:30 Closing Keynote: Comparing emerging market and developed market opportunities- How to differentiate in 2015
Jean-Pierre heads IFC's Global Markets and Strategy Group in Washington, DC, providing value added research on global markets - market dynamics, macroeconomic trends and geopolitical issues - and their impact on emerging countries' assets. His team delivers strategic asset allocation recommendations for regions, countries and sectors for IFC management, operational teams, external clients and for IFC's Asset Management Company. Jean-Pierre will be discussing:
International Finance Corporation, The World
- What is the expectation for growth in US, EU and Asian markets over the next 12 months?
- Comparing both emerging markets and G10 currencies- Where do the best opportunities lie in 2015?
- What are the fundamentals for lower than expected growth in emerging markets over the last few years?
- Outlining the details of emerging market reforms- How can you implement these to meet expectations?
Jean Pierre Lacombe
Chief Global Markets and StrategyInternational Finance Corporation, The World