Fixed Income Future Leaders USA 2017

May 16 - 18, 2017

Westin Copley Place - Boston

+44 (0)207 368 9330

 Brad Bailey
Brad Bailey Research Director, Capital Markets Celent

Brad is a research director with Celent's Securities and Investments practice, and is based in the firm's New York office. He is an expert in electronic trading of equities, foreign exchange derivatives, credit, rates, and futures. His research focus is on emerging technology and trading technology across asset classes. Brad has more than 20 years of Wall Street industry experience in trading, technology, sales, strategy, analysis, and consulting. A noted thought leader, he is quoted in the industry and general press, including: WSJ, Financial Times, Bloomberg Business Week, &Forbes, as well as radio and TV. Brad will be chairing the Platform Evaluation Day on the 13th September.

Day 1- Wednesday May 17th 2017

2:40 PM 360 Perspective: What impact have the bilateral margin rules had on non-cleared OTC derivatives and how has this affected buy side trading models?

  • How was the transition to the non-cleared margin rules and how have the buy side adapted to the early changes in regulation?
  • How are the buy side measuring and posting initial margin and efficiently coping with the new requirements and what impact has this had on the products they trade? 
  • What products are going to be more prevalent in the new environment and what will move towards an exchange traded model?
  • How are all market participants ensuring the rules can be effective and minimise unintended consequences?

3:50 PM Oxford Style Debate: True or false- Non-bank Liquidty Providers (NBLP) are a positive addition to the fixed income market for the buy side and do not present too much risk

  • High Frequency Traders as liquidity providers- Is the fixed income market readily available for HFT firms to come forward as alternative liquidity sources?
  • HFT and the buy side- How do HFT market making models differ and can they be relied upon during times of stress?
  • Alongside treasuries and futures, what other parts of the fixed income spectrum can facilitate HFT and what is the impact on liquidity?
  • What are the barriers to entry for HFT in other markets and how can they be overcome?
  • With increased electronic trading and new data points, what does the future hold for HFT in fixed income?