Conference Day One

Conference Day One »

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last modified: 05 June '11

Conference Day One

8.20am

Registration

8.50am

Chairman’s opening remarks

› Mr Bob Giffords,

Banking and Technology Analyst, Analysts

HFT EVOLUTION AND ITS EFFECT ON MARKET STRUCTURE

9am

Keynote Regulator Address: policy buffets - plating up efficient and effective financial markets

› Mr Bart Chilton,

Commissioner, CFTC

9.30am

Keynote Trader Address: HFT and the dynamics of a crowded market place

Strategies that can benefit the long term health of the markets
A changing landscape – assessing competition from within the HFT community and from the outside
Speed and technology – increasing investments versus diminishing returns
Coping with low volumes and low volatility regimes (and why HFT helps create them
Discussing the shelf life of HFT and some current controversies

› Mr Arzhang Kamarei,

Partner, Tradeworx, Inc.

10am

Keynote Panel Debate: how can we combat the perception of HFT as a predatory strategy that takes advantage of unfair practices?

Do momentum ignition and footstep detection strategies give HF traders an unfair advantage?
Have these advantages always existed even in the preautomated world?
Does HFT carry any systematic risk and is there a danger of the market collapsing as collateral damage?

› Mr Matteo Cassina,

President, Citadel Investment Group

› Mr Arzhang Kamarei,

Partner, Tradeworx, Inc.

› Mr Duncan McInnes,

CEO, Xenfin

› Mr Ken Yeadon,

Managing Partner, Thematic Capital

10.40am

Speed Networking

11.20am

Morning refreshments and networking

POST FLASH-CRASH REGULATION AND COMPLIANCE

11.50am

Panel Debate: what are the specific fears of the regulators? Discussing micro-prudential and macro-prudential risks

Understanding how regulators view operational risks in HFT
Should we be wary of macro-prudential risk to the wider community?
How can data analytics and academic research help the regulators gain a better understanding of HFT?
Is data provision currently too costly and secretive?

› Mr Laurent Grillet-Aubert,

Senior Economist, Autorite des Marches Financiers

› Dr Raoul Jacobs,

Senior Advisor, BaFin

› Hans Christian Reinhardt,

Executive Director, Morgan Stanley

› Dries van der Laan,

Manager, Market Infrastrucure Supervision, Netherlands Authority for the Financial Markets (AFM)

12.20pm

Panel Debate: how viable is proposed regulation and how will it affect HFT practitioners?

Examining the practicalities of implementing a ‘client identifier’
Assessing the costs vs benefits of a consolidated audit trail
Will outlawing stub quotes and the introduction of circuit breakers really provide protection for the market?
Determining the regulation enforcers – do regulators understand enough about HFT to actually regulate it or should the job be outsourced?
What role do politicians and policy makers have in proposing and implementing regulation?

› Mr Bas Verschoor,

Policy advisor Capital Markets, Strategy, Policy & International Affairs Division, Netherlands Authority for the Financial Markets (AFM)

› Mr Matteo Cassina,

President, Citadel Investment Group

› Mr Kee-Meng Tan,

Managing Director, Knight Capital Group

1pm

Networking lunch

THE NEED FOR SPEED (AND CONSISTENCY)

2pm

Panel Debate: data feeds, connectivity and co-location – how can they drive you to ever lower latency?

Evaluating how to profit from the latest co-location and hosting solutions and determining how to build them into your trading model
Assessing the best matched co-locating partner for your firm
Contrasting hardware, network and matching latency – how can these obstacles restrict your competitive advantage?
Analysing the relative merits of cloud storage, middleware and complex event processing
Finding the shortest path connectivity solutions to optimise your trading performance

› Mr Ken Yeadon,

Managing Partner, Thematic Capital

› Mr Asish Pabalkar,

Director, Algorithmic Trading, Quant Capital

2.40pm

Understanding how to balance latency, data access and energy in your trading model

Understanding how to offset your high speed infrastructure with spiralling and capital intensive energy costs
Evaluating the benefits of ultra-low latency technology
Achieving speed, performance, reliability and cost savings by using GPU computing

› Dr Tobias Preis,

Founder and CEO, Artemis Capital Asset Management

3.10pm

Optimising real-time risk management for High Frequency Trading

The role of different market participants in ensuring appropriate risk management
How risk management concerns and best practices have changed over the last couple of years
The future role of risk management and its place in European market structure
Regulatory developments for risk management in Europe
How risk management can make a competitive difference for firms

› Dr Valerie Bannert-Thurner,
(Moderator)

Executive Director, FTEN Europe

› Andrew Simpson,
(Confirmed)

Head of Business Development, Euro CCP

› Kris Wulteputte,
(Confirmed)

Chief Risk Officer, Kas Bank

› Antonio Reyes Miras,
(Confirmed)

Global Head - Electronic Execution Listed Derivatives, Citi Group

4pm

Afternoon refreshments and networking

4.30pm

Panel Debate: assessing whether traders can scale up - is size the new enemy?

Evaluating the dangers of capacity constraints when your trading reaches its critical mass
Overcoming problems of scale and diversity in an increasingly saturated market
Identifying the dangers of market ‘spikes’ as order volume gets bigger and bigger

› Mr Duncan McInnes,

CEO, Xenfin

› Mr Erik Engbers,

CTO, Scrocca Options

› Mr Fred Pedersen,

Business Development Manager, Vincorex AG