Mr Clive Furness, speaking at World Exchange Congress 2010

Mr Clive Furness,
Managing Director and Founder
Contango Markets

Clive is the founder of Contango Markets and is widely recognised as one of the leading commodity and exchange specialists. His detailed knowledge of the products within the commodity sphere is unrivalled and he has a unique combination of trading and business development experience. Clive’s understanding of individual product nuances, the role of both physical as well as derivative commodity markets along with his understanding of the role of technology in trading and market development has been deployed to support numerous organisations in the development of commodity market and exchange capabilities. Clive co-founded Comdaq Ltd in 1999, a leading internet physical commodity exchange, where he was responsible for writing the functional specifications for, and launching, four of Comdaq’s fifteen markets. He also undertook all of Comdaq’s marketing and press activity, and advised on the trading and development of Comdaq’s 15 product lines. Between 1993 and 1999 Clive was a senior executive at LIFFE/London Commodity Exchange (LCE), where he held the posts of Director of Business Development (LCE), Director - Commodity Products, Market Development and Communications Director and Director – Account Management. Prior to this Clive was a coffee trader for 14 years – first as a floor trader with GNI and then running futures and physical books for the J.Aron Coffee division of Goldman Sachs International. Whilst at Goldman he was elected to the Board of the London Commodity Exchange, was chairman of the LCE options and coffee markets and was chairman of the coffee-grading panel. Clive is a regular speaker and presenter at conferences around the world on a variety of commodity and derivatives related issues.

Appearing:

New business models and revenue stream analysis day - Monday 22 March 2010

5.10pm

PANEL DISCUSSION: Migrating OTC derivatives from off-exchange to on-exchange trading: what has happened to date, and what can we expect in the next 12 months?

What progress has been made to date in both trading and clearing OTC derivatives through exchanges?
With OTC derivatives being traded so infrequently, does the economics of trading them on-exchange make any sense?
How will traders be persuaded to clear their OTC business on an exchange?
What is the rationale for clearing houses taking on the risk of OTC business when there is no transparency or liquidity?
Beyond the lessons learned from CDSs: what next for interest rate and other derivatives?
What degree of standardisation needs to be achieved, and how?

Mr Laurence G. Allen,

CEO,
NYPPEX

Mr Anthony Belchambers,

CEO,
Futures & Options Association

Mr Clive Furness,

Managing Director and Founder,
Contango Markets

Solutions to current industry challenges day - Wednesday 24 March 2010

5.05pm

DERIVATIVES PANEL: How can small and medium-sized exchanges generate liquidity in the derivatives market?

Why is liquidity in the derivatives space currently confined to the larger exchanges?
What needs to happen to drive liquidity onto the smaller venues?
How can smaller venues differentiate themselves from their larger competitors?

Mr Cetin Ali Donmez,

CEO,
Turkish Derivatives Exchange

Ms Ester Levanon,

CEO,
Tel Aviv Stock Exchange

Mr Clive Furness,

Managing Director and Founder,
Contango Markets

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