Conference Day Three: Emerging markets focus - Thursday 22 March 2012

last modified: 23 February '12

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08.20	Registration and refreshements
08.50	Chairman’s opening remarks
09.00	Keynote Presentation: Cisco
	GROWING ON A GLOBAL SCALE

09.30	KEYNOTE PANEL DEBATE: Going global: how can an emerging exchange open up to international markets? Mr Ludwik Sobolewski Graduate of the Law and Administration Faculty of the Jagiellonian University in Cracow and the Panthéon – Assas University (Paris II), Doctor of Law, Legal Advisor, examined judge’s trainee. He started his professional career at the Law and... more.. Mr Ivan Steriev 1994 - 1996 Bank Rehabilitation Agency of the Republic of Macedonia: Project Manager 1996 - 2000 Macedonian Stock Exchange Inc. Skopje: Floor Manager 2000 - 2004 Macedonian Stock Exchange Inc. Skopje: Director, Securities Trading... more.. Dr Jochen Biedermann Jochen Biedermann is in charge of International Affairs at Deutsche Börse’s cash market division Xetra. He is also responsible for business development in Central & Southeast Europe as well as Russia/CIS for Deutsche Börse Group, which comprises the ... How can an emerging exchange attract global investors and end-users and what are their trading requirements? What are the benefits and drawbacks of securing partnerships with more developed exchanges? Is the creation of multi-border regional stock exchanges the answer? How can you build and develop local infrastructure in order to secure foreign investment? Can extended trading hours help put your exchange on the global radar? › Mr Ludwik Sobolewski, CEO, Warsaw Stock Exchange › Mr Ivan Steriev, CEO, Macedonian Stock Exchange › Dr Jochen Biedermann, Senior Vice President, International Affairs, Deutsche Borse AG
10.10	PANEL DEBATE: What opportunities do global mergers and acquisitions hold for emerging exchanges? Petr Koblic Petr Koblic, a graduate of the University of Economics Prague, began his career in Živnostenská banka in 1993 as a financial market dealer. In 1997, he was promoted to the position of deputy director of the Treasury Department. During 1997–1998, he... more.. Mr Ivan Steriev 1994 - 1996 Bank Rehabilitation Agency of the Republic of Macedonia: Project Manager 1996 - 2000 Macedonian Stock Exchange Inc. Skopje: Floor Manager 2000 - 2004 Macedonian Stock Exchange Inc. Skopje: Director, Securities Trading... more.. Dr Ghaleb Mahmassani 1. Attorney at Law and legal Counsel since 1962. 2. Arbitrator since 1976. 3. Former Professor of “Arbitration Law”- Graduate studies – at the law School of the Lebanese University. 4. Professor of Banking Organization Law-Graduate studies- at... more.. What are the arguments against forging ties with Western exchanges: is there a risk that national identity and national interests will be eroded? How do you overcome restrictions on foreign investments? How can you positioning yourself to encourage ties with Western exchanges in order to be more attractive for investment How significant is the lack of a regional regulator in many Asian markets? › Petr Koblic, Chief Executive Officer, Prague Stock Exchange › Mr Ivan Steriev, CEO, Macedonian Stock Exchange › Dr Ghaleb Mahmassani, Ceo, Beirut Stock Exchange › Mr Eric Bertrand, Principal Consultant, Exchange Business Development & Consulting, NYSE Technologies
10.50	PANEL DEBATE: Is de-mutualisation the best strategy to achieve global recognition and patronage? Ekow Afedzie MR. EKOW AFEDZIE, is currently the Deputy Managing Director of the Ghana Stock Exchange. He was educated at the University of Ghana, Legon, Ghana where he obtained a Masters Degree in Business Administration in 1989. He also holds Master of Arts... more.. Dr Ghaleb Mahmassani 1. Attorney at Law and legal Counsel since 1962. 2. Arbitrator since 1976. 3. Former Professor of “Arbitration Law”- Graduate studies – at the law School of the Lebanese University. 4. Professor of Banking Organization Law-Graduate studies- at... more.. Mr Karim Hajji Mr Hajji is CEO of the Casablanca Stock Exchange since 04/2009. Prior to joining CSE, he was Chairman and CEO of Atlas Capital Group, a Moroccan investment Bank he had founded in 1999. Karim Hajji started his career in the US in 1983 after... more.. How can de-mutualisation offer robust corporate governance, enhanced efficiency and necessary transparency? How can you ensure that local investors benefit from de-mutualisation? What role should regulators play post-demutualisation? Is a lack of cross-border liberalisation measures holding some exchanges back? What is the more developed market view of de-mutualisation: is it always the right option? › Ekow Afedzie, Chief Executive Officer, Ghana Stock Exchange › Dr Ghaleb Mahmassani, Ceo, Beirut Stock Exchange › Mr Karim Hajji, CEO, Casablanca Stock Exchange
11.20	Morning refreshments and networking
	EXPANDING YOUR PRODUCT OFFERING

11.50	PANEL DEBATE: What are the benefits of product diversification and establishing a multi-asset exchange? Ivan Takev Ivan Takev is a CEO of Bulgarian Stock Exchange. He joined its team in 2001 and was appointed as CEO in 2008. His entire experience is in the area of securities trading. Prior to joining Bulgarian Stock Exchange Ivan Takev held an expert position at ... more.. Mr Yoni Shemesh Mr. Shemesh was appointed as Executive Vice President & Deputy CEO of TASE, on August 2010. Mr. Shemesh also holds his present position as CIO and head of Operations since 2006 Over the last two decades, Mr. Shemesh has led the key strategic... more.. Are the cash equity markets really as dead as they seem? How can you charge a premium for a commodity product? How attractive are commodity and derivative products to global traders and investors? Are regulators scrutinising other asset classes as much as the cash equity space? › Ivan Takev, Chief Technology Officer, Bulgarian Stock Exchange › Mr Yoni Shemesh, CIO, Tel Aviv Stock Exchange
12.30	PANEL DEBATE: What are the legal, organisational and technological requirements of establishing a commodity or derivative exchange in your region? How can you navigate the legal complexities of setting up a multi-asset exchange or clearing house? How can you ensure you have the correct organisational expertise and structure in order to branch out into new products and services? What are the technology requirements of operating a commodity or derivative exchange: can you re-use your legacy systems? What are the complexities of dealing with local regulators and legislation? For speaking opportunities please e-mail: matthew.pullan@terrapinn.com
13.10	PANEL DEBATE: Is there a business case for positioning yourself as a specialist exchange in order to avoid competition with larger players? Mr Tran Van Dzung Mr. Tran Van Dzung, aged 46, started his career as an officer for State Bank of Vietnam (central bank) in the early 1990s. He moved to work for the State Securities Commission of Vietnam (SSC) in 1997, and held various positions there. He was the... Should you be positioning your venue as a niche exchange in order to achieve maximum profitability? What kind of product offering can distinguish you from your competitors and give your venue a USP? How can you develop a strong brand in specific products or niches? How can you demonstrate that your venue is an innovative, low cost, specialist organisation? › Mrs Ivana Gazic, CEO, Zagreb Stock Exchange › Ms Eileen Muscat, CEO, Malta Stock Exchange › Mr Tran Van Dzung, CEO, Hanoi Stock Exchange
13.50	Networking lunch
	OVERCOMING LOCAL OPERATIONAL CHALLENGES

14.50	PANEL DEBATE What are the practicalities and complexities of setting up CCPs in emerging markets? Mr Karim Hajji Mr Hajji is CEO of the Casablanca Stock Exchange since 04/2009. Prior to joining CSE, he was Chairman and CEO of Atlas Capital Group, a Moroccan investment Bank he had founded in 1999. Karim Hajji started his career in the US in 1983 after... more.. Mr Yoni Shemesh Mr. Shemesh was appointed as Executive Vice President & Deputy CEO of TASE, on August 2010. Mr. Shemesh also holds his present position as CIO and head of Operations since 2006 Over the last two decades, Mr. Shemesh has led the key strategic... more.. Can lack of liquidity and diversification cause a risk concentration when setting up CCPs in emerging markets? How can exchanges ensure economies of scale when setting up a clearing house? How can exchanges address the concerns of traditional retail investors? Are partnerships with international clearing houses a simpler solution? › Mr Karim Hajji, CEO, Casablanca Stock Exchange › Mr Yoni Shemesh, CIO, Tel Aviv Stock Exchange › Mr Eric Bertrand, Principal Consultant, Exchange Business Development & Consulting, NYSE Technologies
15.30	PANEL DEBATEL: Stopping the rot: how can emerging exchanges halt declining revenues from market data? Ivan Takev Ivan Takev is a CEO of Bulgarian Stock Exchange. He joined its team in 2001 and was appointed as CEO in 2008. His entire experience is in the area of securities trading. Prior to joining Bulgarian Stock Exchange Ivan Takev held an expert position at ... more.. What are the reasons behind decreasing market data revenues over the last year? Are emerging exchanges generating real value from their data? What does an end user need from your market data provision? › Ms Mária Hurajová, Director General, Bratislava Stock Exchange › Ivan Takev, Chief Technology Officer, Bulgarian Stock Exchange › Ms Eileen Muscat, CEO, Malta Stock Exchange
16.10	PANEL DEBATE: How feasible is a technology strategy that facilitates sustainable growth and maintains economies of scale? Ekow Afedzie MR. EKOW AFEDZIE, is currently the Deputy Managing Director of the Ghana Stock Exchange. He was educated at the University of Ghana, Legon, Ghana where he obtained a Masters Degree in Business Administration in 1989. He also holds Master of Arts... more.. What are the real technology requirements of an emerging exchange? How much capital should you be investing in new technology? What is the value of technology alliances with larger exchanges? What is the merit of buying technology solutions from larger exchanges? › Ekow Afedzie, Chief Executive Officer, Ghana Stock Exchange › Mrs Ivana Gazic, CEO, Zagreb Stock Exchange
17.00	End of conference