Conference Day Two: Revenue Diversification - Wednesday 21st of March 2012

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08.30	Registraton and refreshments
08.50	Chairman’s opening remarks Brian Taylor Brian is Managing Director of BTA Consulting Limited - a niche and leading financial markets consultancy group, which Brian set up in 1991. BTA Consulting has provided advice to some 100 clients across the globe on projects of national importance... more.. › Brian Taylor, Managing Director, BTA Consulting
	EXPANDING INTO NEW PRODUCT OFFERINGS AND GEOGRAPHIES
09.00	Keynote address: battling with decreasing margins in a time of volatility: how can you grow your stock exchange business in a flat equities market? Mr Patrick Beitel Patrick Beitel is a Partner in McKinsey&Company's Frankfurt Office. He leads our German Corporate Finance Practice, is a core member of the European Financial Institutions Group and leads the Joint Venture between the Corporate Finance Practice and ... more.. Is it possible to drive cost out of the business? Where can you get more market share and more volume? Should tariffs be higher or lower and how can they help grow market share and increase flow? Where will liquidity migrate to in the equities market? Can we stop money walking away from equities and bonds? › Mr Patrick Beitel, Partner, McKinsey & Co
09.30	KEYNOTE PANEL DEBATE: The great derivatives scramble: how can you take advantage of new opportunities in this lucrative space? Mr Jeffrey Singer Mr Singer became Chief Executive Officer in July 2008. He was previously Senior Vice President and Head of International, The NASDAQ OMX Group. Mr Singer was responsible for NASDAQ's global business development with a primary role of managing... How can you capitalise on strong growth and high volumes in the derivatives market? Do derivatives products help protect margins and fight off competition? Evaluating how derivatives markets are prospering from post-crisis regulatory efforts to push OTC through clearing houses Build or buy? Is it more cost effective to build a derivative platform yourself or seek strategic alliances with existing providers? › Mr Jeffrey Singer, CEO, Nasdaq Dubai
10.10	PANEL DEBATE: How can you diversify into new markets and provide a truly multi-asset exchange product offering? Mr Constantinos Antoniades Constantinos Antoniades is CEO at Vega-Chi more.. Evaluating the opportunities in commodities and derivatives markets How can product diversification broaden your revenue streams? How can you maintain economies of scale? How can you maintain a grip on technology capabilities and developments? Which technology facilitates multi-asset trading? › Mr Constantinos Antoniades, CEO, Vega-Chi › Mr Cyril Theret, CEO, Plus Markets Group › Jesper von Zweigbergk, Head of Derivatives, Oslo Børs
10.50	Morning refreshments and networking
11.10	PANEL DEBATE: Setting your sights on high growth markets: what are the benefits of fostering ties with emerging market players? Mr Joe Gawronski Joe Gawronski is the President and Chief Operating Officer of Rosenblatt Securities, an agency-only institutional brokerage firm founded in 1979. Headquartered in New York City, the firm represents traditional institutions, quants and portfolio... more.. Mr Fraser Cowie Fraser Cowie is Executive Director, Global Business Development of NYSE Liffe, leading the development and implementation of global business partnership projects. NYSE Liffe has a number of MOUs and projects under way with partner exchanges in... Mustafa Baltacı Mr. Baltacı has a previous experience with Turkish Prime Ministry at various positions for almost thirteen years. He worked at the Governance Department of the World Bank in 2005-2006, headed the Regulatory Reform Group between 2006 and 2009, worked ... more.. Are the best opportunities for exchange consolidation to be found in Asian and LatAm regions? How can you overcome regulatory hurdles to facilitate growth opportunities outside of your home market? How can you overcome restrictions on foreign ownership and complicated shareholding structures? Is there a risk of government interference when seeking alliances with emerging market players? › Mr Joe Gawronski, President, Rosenblatt Securities › Mr Fraser Cowie, Executive Director, Global Business Development, NYSE Liffe › Mustafa Baltacı, Executive Vice Chairman, İstanbul Menkul Kıymetler Borsası
11.50	The Impact of Exchange Consolidation on End Users Mr Joe Gawronski Joe Gawronski is the President and Chief Operating Officer of Rosenblatt Securities, an agency-only institutional brokerage firm founded in 1979. Headquartered in New York City, the firm represents traditional institutions, quants and portfolio... more.. Why and how consolidation will continue despite recent setbacks Why fewer exchange groups doesn't necessarily mean fewer trading venues How recent and future deals affect competition, fees and other aspects of end user outcomes › Mr Joe Gawronski, President, Rosenblatt Securities
	MAXIMISING ALTERNATIVE REVENUE STREAMS
12.20	PANEL DEBATE: Opportunities in OTC: is this the new battleground? Mr Christian Katz Christian Katz is the Chief Executive Officer of SIX Group's Cash Markets Division. The Division encompasses SIX Swiss Exchange and SIX Exfeed, a leading supplier of raw financial data. SIX Swiss Exchange also operates several joint ventures... more.. George Macdonald George started working in financial markets in 1989 after graduating from Manchester University. Initially working in Germany and the Netherlands, he joined Macdonald Associates (MACD) in 1992. During his time at MACD, he has worked on a wide range ... more.. Is OTC the real enemy of exchanges? Is it possible to get an information advantage in OTC? When should something be OTC and when should it not? How can you make your exchange product more attractive to OTC? › Mr Christian Katz, CEO, SIX Swiss Exchange › George Macdonald, CEO, MACD › Mr Olof Neiglick, CEO, Burgundy
13.00	Networking lunch
14.00	PANEL DEBATE: Should exchanges be seeking to re-invigorate the listings business in order to raise equity capital? 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.. 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 Michael Buhl Michael Buhl is Joint CEO of CEESEG Aktiengesellschaft as well as Wiener Börse AG and responsible for strategic development, indices and product innovations, market surveillance, listings and IT. He was appointed Joint CEO of CEESEG... more.. Mr Brian Healy Responsible for the integrity, efficiency and development of the Irish Stock Exchange’s markets for traded securities, and a member of the ISE Executive Committee. He oversees overall operations, business development, management of relationships... more.. How can a focus on listings be a critical function for your trading venue and act as a key differentiator to alternative venues? Lowering barriers to entry: How can you overcome high cost margins and the monopoly of more established exchanges in the listings business? How viable is the listings model for MTFs and how will this effect more established exchanges? How can you leverage of long established national expertise and a local market principle in order to drive your listings business? How do you deal with recent slumps in the values of IPOs? › Mr Ludwik Sobolewski, CEO, Warsaw Stock Exchange › Petr Koblic, Chief Executive Officer, Prague Stock Exchange › Mr Michael Buhl, CEO, Vienna Stock Exchange › Mr Brian Healy, Director of Traded Markets, Development, Operations, Irish Stock Exchange
14.40	PANEL DEBATE: Re-engaging with retail customers: what is the potential payoff of a renewed focus on a more traditional customer base? Mr Peter Randall Peter Randall is the Chief Executive of Equiduct Systems Ltd. Peter started his career in investment research and was named a leading analyst by Euromoney when he was at James Capel. He spent an extended time in Asia with the joint venture between... more.. Luca Bandinelli Luca Bandinelli was appointed Head of Corporate Communications of EuroTLX in February 2007. He joined EuroTLX after 5 years in Commerzbank AG, where he was Relationship Manager in the Corporate & Investment Banking Department. more.. How can you provide effective services to the capital markets? Can the retail market provide an easily accessible source of liquidity? What do retail investors look for in an exchange? Is your exchange infrastructure sufficient to support retail trading? › Mr Peter Randall, CEO, Equiduct › Luca Bandinelli, Head of Corporate Communications, EuroTLX › Gabriel D.Y Katua, CEO, Dar Es Saleem Stock Exchange
	REDEFINING SERVICE PROVISION FOR THE END USER
15.20	Risk monitoring meets compliance monitoring Examining the move to real-time and instance visibility and the need to drill down across all parts of the enterprise Evaluating monitoring demands to be made of members and alternative execution venues Share it or sell it? Making the best use of information   › Dr Richard Bentley, Industry Vice President for Capital Markets, Progress Software
15.50	Afternoon refreshments and networking
16.10	Nasdaq OMX speaking slot › Lars Ottersgard, Senior Vice President & Head of Market Technology, Nasdaq OMX
16.40	PANEL DEBATE: Resolving the consolidated tape debate: is it too late to avoid regulatory intervention? Mr Jose Marques Jose Marques is Managing Director and Global Head of Equity Electronic Trading within Deutsche Bank’s Global Markets division and is located in New York. In his role, Marques oversees product development, distribution/marketing, and technology for... more.. Will a consolidated tape address investors transparency needs and broaden market participation? How useful are proposed common standards on trade identifiers to cover the price and size of trades? What are the barriers to replicating the US NMS model in Europe? How much closer is the exchange industry to addressing concerns about data formats and standards? How will a consolidated tape impact on your market data sales? › Mr Olof Neiglick, CEO, Burgundy › Mr Jose Marques, Global Head of Electronic Equity Trading, Deutsche Bank
17.10	PANEL DEBATE: How can you help market participants navigate a complex and fragmented landscape and ensure you provide best execution? Mr Michael Buhl Michael Buhl is Joint CEO of CEESEG Aktiengesellschaft as well as Wiener Börse AG and responsible for strategic development, indices and product innovations, market surveillance, listings and IT. He was appointed Joint CEO of CEESEG... more.. Is it possible to accurately measure best execution with the presence of so many hidden orders? Establishing the factors that brokers use when making their routing decisions: are they still looking for best execution? What are the cost implications of smart order routing and how much revenue can you generate from it? › Mr Michael Buhl, CEO, Vienna Stock Exchange
17.50	Networking drinks reception & networking