Fixed Income Future Leaders USA 2017

May 16 - 18, 2017

Westin Copley Place - Boston

+44 (0)207 368 9330

Day 1- Wednesday May 17th 2017

Expand All Sessions [+] Collapse All Sessions [-]

7:30 AM Conference Registration & Networking Breakfast

8:20 AM Welcome Address: Oliver Kirkbright, Editorial Director, Fixed Income Leaders Summit

8:25 AM Chairperson's Opening Remarks

Kevin McPartland, Head of Market Structure Research, Greenwich Associates

 Kevin McPartland
Kevin McPartland
Head of Market Structure Research
Greenwich Associates

Kevin McPartland is a Managing Director and the head market structure and technology research at Greenwich Associates. He has nearly 20 years of capital markets industry experience with deep expertise in market structure, regulation and technology impacting the fixed income, FX, and equity markets. 

Prior to joining the Greenwich Associa ...[Read More]

A 360 View From The Top
8:30 AM Head Trader Keynote Panel: The view from the Global Heads- What are the top priorities for the buy side fixed income trading business over the next 12 months?

Moderated By:
Kevin McPartland
, Head of Market Structure Research, Greenwich Associates

Michael Buchanan, Head of Global Credit and Portfolio Manager, Western Asset Management Company

Michael O'Brien, Director of Global Trading, Eaton Vance

  • What are the major buy side priorities for fixed income in 2017/18 and how will this change trading and investment divisions?
  • How are trading desks being re-structured to facilitate the development of traders and PMs in a new market order?
  • Where is the investment in new technology going in order to focus trading resources where they are truly needed?
  • With more impetus on the buy side and a reduction in price making and liquidity provision from the sell side, how should you change the roles of your traders to prosper in a new market structure?
Michael Buchanan
Head of Global Credit and Portfolio Manager
Western Asset Management Company

 Michael O'Brien
Michael O'Brien
Director of Global Trading
Eaton Vance

Viewed as an industry pioneer, Michael oversees a global trading team operating 24 hours per day responsible for the execution of long and short trades in over seventy-five markets. They also gathering intelligence on new instruments including hard currency and local currency debt. Having successfully steered Eaton Vance’s FX trading desk troug ...[Read More]

Moderated By:

 Kevin McPartland
Kevin McPartland
Head of Market Structure Research
Greenwich Associates

Kevin McPartland is a Managing Director and the head market structure and technology research at Greenwich Associates. He has nearly 20 years of capital markets industry experience with deep expertise in market structure, regulation and technology impacting the fixed income, FX, and equity markets. 

Prior to joining the Greenwich Associa ...[Read More]

8:50 AM Sell Side Keynote: Cross industry inspiration- How is the sell side implementing approaches from other industries to survive and thrive in fixed income markets?

Mike du Plessis, Managing Director, Global Head FX, Rates & Credit Execution Services, UBS Investment Bank

  • How are the sell side optimizing their capital in a less liquid, more regulated and lower return world to better support the buy side?
  • How are sell side business models evolving and how can the bulge bracket differentiate themselves to offer the buy side a tailored service?
  • What types of e-trading technology can the sell side use to maximize the efficiency of their dealing activity and pass on cost savings to the buy side?
  • In light of the move from a principal model of trading to an agency broking-centric trading model, which players are leading the way in offering the buy side innovative solutions?
 Mike du Plessis
Mike du Plessis
Managing Director, Global Head FX, Rates & Credit Execution Services
UBS Investment Bank
Mike is a Managing Director and Global Head of FX, Rates & Credit Execution Services at UBS Investment Bank. Mike joined UBS in London in 2010 before moving to the US in 2014. He began his career in 1989 with an internship at Asea Brown Boveri Metals Ltd, a category 2 member of the London Metal Exchange, where he developed an early passion for exch ...[Read More]

9:10 AM All Star Panel: The big picture on market structure- What are the major developments transforming US fixed income markets and how will this change the way you interact with your sell side, platform and technology counterparts?

Moderated By:
Will Rhode
, Principal, Boston Consulting Group

Rich Winter, Senior Managing Director, FENICS US Treasuries

Isaac Chang, Managing Director, AQR Capital Management

Paul Hamill, Managing Director, Global Head of FICC, Citadel Securities

Bill De Leon, Managing Director, Global Head of Portfolio Risk Management, PIMCO

Constantinos Antoniades, Global Head of Fixed Income, Liquidnet

  • Market structure through the lens- what has changed on the back of regulation and new technology, and what remains the same?
  • Is consolidation amongst new fixed income venues inevitable and if so why is this not yet happening?
  • Can brokers still remain competitive in a new age of liquidity provision, pricing formational and reduced dealer balance sheets?
  • With more data and technology available to the buy side, what will be the long term impact on fixed income market structure?
  • What type of market can facilitate an efficient structure between buy side, sell side and platforms, and how can all market players work together to make this a reality?
 Rich Winter
Rich Winter
Senior Managing Director
FENICS US Treasuries
Mr. Winter joined BGC Partners - Powered by FENICS in Q1 of 2015 to build and lead it's Global Sales team. He is responsible for bringing the market's need for transparent pricing and seamless execution to BGC Partner's global, multi-channel pools of liquidity as accessed via FENICS, the engine which powers that liquidity.

Prior to j
...[Read More]

 Isaac Chang
Isaac Chang
Managing Director
AQR Capital Management
Isaac is the Co-head of Trading at AQR. In this role, he is responsible for managing the firm’s trading operations across all asset classes and regions. Prior to AQR, Isaac was the Global Head of Fixed Income, Currencies and Commodities at KCG Holdings, where he was responsible for all aspects of automated trading for the division. Previously, he s ...[Read More]

 Paul Hamill
Paul Hamill
Managing Director, Global Head of FICC
Citadel Securities

Paul Hamill is the Global Head of Fixed Income, Currencies and Commodities for Citadel Securities. Mr. Hamill is responsible for the client facing FX and fixed income market-making businesses, including interest rate swaps, government bonds and credit default swap indices. Paul was previously a Managing Director and Global Head of FX, Rates and ...[Read More]

 Bill De Leon
Bill De Leon
Managing Director, Global Head of Portfolio Risk Management
PIMCO
Mr. De Leon is a managing director in the Newport Beach office and global head of portfolio risk management. He previously served as a portfolio manager focusing on derivatives and absolute return strategies as well as interim head of analytics. He represents PIMCO on the board of ISDA and serves on PIMCO's global risk committee, counterparty risk ...[Read More]

 Constantinos Antoniades
Constantinos Antoniades
Global Head of Fixed Income
Liquidnet

Constantinos Antoniades is Global Head of Liquidnet Fixed Income, responsible for the operations and expansion of the fixed income business. Liquidnet’s proven trading platform experience, and global reach within the institutional investment community is now accelerating efficiencies within the corporate bond market. Antoniades joined Liquidnet ...[Read More]

Moderated By:

 Will Rhode
Will Rhode
Principal
Boston Consulting Group

Will Rhode joined BCG in 2014 and is a Principal and a core member of the North American Capital Markets practice in New York. He has more than 15 years of experience in the capital markets industry. His areas of expertise include investment banking, market structure, sales & trading, technology, regulation and risk management. Prior to joining ...[Read More]

9:50 AM Morning Refreshment Break

10:30 AM Fireside Chat: Innovate to aggregate- How to leverage innovative technology to connect a fragmented market together

Jim Switzer, Head of Credit Trading, Alliance Bernstein

Rick Mcvey, CEO, MarketAxess

  • What can you do from an efficiency standpoint to connect a fragmented fixed income market together?
  • The risk around data and analytics- how can you reduce fragmentation and understand different data points from different systems?
  • How can you gain data insights for a trading desk to maximize transparency and better understand when and where to trade?
  • How can you set up internal systems to discover this information at your discretion and make this into helpful, manageable data?
  • How can buy side use TRACE data, and platform data, learn how to use it, incorporate it into their portfolio and integrate this into their systems?
 Jim Switzer
Jim Switzer
Head of Credit Trading
Alliance Bernstein

James Switzer joined AllianceBernstein in 2011 as global Head of Credit Trading, overseeing both investment-grade and high-yield credit trading. Previously, he was a managing director at Société Générale, where he managed the Financial Institutions Credit Trading Desk, and at BNP Paribas, where he managed the Investment Grade Trading Desk from 2 ...[Read More]

 Rick Mcvey
Rick Mcvey
CEO
MarketAxess
Richard M. McVey founded MarketAxess in April 2000 and has been Chairman and Chief Executive Officer since the firm's inception. Under his leadership, MarketAxess has emerged as the leading electronic platform for corporate bonds, creating an efficient and competitive marketplace for over 1,000 global institutional investors and broker-dealer firms ...[Read More]

10:50 AM All Star Panel: The do’s and don’ts of electronic trading- Where does eTrading work across the fixed income spectrum and when should you use it?

Moderated By:
Chris White
, CEO, ViableMKTS

Erik Tumasz, Managing Director, Fixed Income Trading Technology, Wellington Management

Iseult Conlin, VP, Trading and Liquidity Strategies, Blackrock

Eddie Wen, Global Head of Macro eCommerce, JP Morgan

Steve Grob, Global Head of Strategy, Fidessa

Isaac Liberman, Founder and CEO, Aston Capital Management

  • Voice vs. Electronic- Other than corporates, what other areas of fixed income are seeing electronic trading growth and how can you best utilize this?
  • Striking the balance- To what extent can automation replace the human touch?
  • Bilateral vs. automated execution- How can you establish which method of execution is best suited for certain market conditions?
  • Addressing the conflict between voice and electronic trading- How can you set up your internal teams to maximize the benefits of both forms of trading?
  • Will the methodology of eTrading eventually work across all fixed income asset classes or is it only best suited to certain products under certain conditions?
 Erik Tumasz
Erik Tumasz
Managing Director, Fixed Income Trading Technology
Wellington Management
Erik is the managing director of the Fixed Income Trading Applications Team. Erik and his team ensure products, specifically the Global Trading System Fixed Income, are developed and enhanced in line with trading objectives and industry best practices. Erik provides functional leadership, driving product design while ensuring that WMC products are ...[Read More]

 Iseult Conlin
Iseult Conlin
VP, Trading and Liquidity Strategies
Blackrock

 Eddie Wen
Eddie Wen
Global Head of Macro eCommerce
JP Morgan

Eddie Wen is a Managing Director in the Macro Markets. Eddie joined J.P. Morgan in 2006 and is currently responsible for the development of the firm’s electronic trading strategies across the Macro markets (Foreign Exchange, Interest Rates, and Commodities). Prior to joining J.P. Morgan, Eddie was responsible for Quantitative Algorithmic Tradi ...[Read More]

 Steve Grob
Steve Grob
Global Head of Strategy
Fidessa

Steve is responsible for Fidessa’s global strategic direction including the development of new geographic markets, asset class coverage and strategic partnerships, as well as driving new industry initiatives within Fidessa's community of 25,000 buy-side and sell-side users. As part of this Steve heads up the firm’s strategy in response to the ch ...[Read More]

 Isaac Liberman
Isaac Liberman
Founder and CEO
Aston Capital Management

Isaac Lieberman founded Aston Capital Management as a quantitative hedge fund in November 2013. As a veteran trader of proprietary quantitative strategies, Isaac has more than 20 years of experience trading in global FX and Fixed Income markets. Prior to founding Aston Capital Management, Isaac was Managing Director at J.P. Morgan where he was t ...[Read More]

Moderated By:

 Chris White
Chris White
CEO
ViableMKTS

11:30 AM Fireside Chat: Beyond the Network- Improving access to liquidity through flexible and integrated workflows

Lee Olesky, CEO, Tradeweb Markets

Kevin McPartland, Head of Market Structure Research, Greenwich Associates

 Lee Olesky
Lee Olesky
CEO
Tradeweb Markets
Lee Olesky is cofounder and Chief Executive Officer of Tradeweb Markets. He has more than 25 years of experience in managing financial technology and investment banking companies. In a career highlighted by innovation and the successful creation of two multi-billion dollar global financial technology firms, Olesky has played a key role in the evolu ...[Read More]

 Kevin McPartland
Kevin McPartland
Head of Market Structure Research
Greenwich Associates

Kevin McPartland is a Managing Director and the head market structure and technology research at Greenwich Associates. He has nearly 20 years of capital markets industry experience with deep expertise in market structure, regulation and technology impacting the fixed income, FX, and equity markets. 

Prior to joining the Greenwich Associa ...[Read More]

Special Guest Speaker
11:50 AM Guest Speaker: Applying ‘The Big Short’ to todays market- How out-of-the-box thinking can drive your fund business in the next 3 years

Steve Eisman, The inspiration behind ‘The Big Short’ , Managing Director, Portfolio Manager, Neuberger Berman (Eisman group)

 Steve Eisman
Steve Eisman
The inspiration behind ‘The Big Short’ , Managing Director, Portfolio Manager
Neuberger Berman (Eisman group)

Lunch and Networking Break

12:20 PM Lunch and Networking Break

Exclusive Invite Only Buy Side Think-Tank

Exclusive Invite Only Buy Side Think-Tank: How can the buy side better collaborate to drive mutually beneficial initiatives forward

Dan Connell, Managing Director, Greenwich Associates

Steve Eisman, The inspiration behind ‘The Big Short’ , Managing Director, Portfolio Manager, Neuberger Berman (Eisman group)

Open to 15 Global Heads of Trading from the top 20 US and Canadian asset managers

Join this interactive session, air your own hot topics and together, with our professional independent moderator, brainstorm ways forward in conjunction and collaboration with your peers.
 Dan Connell
Dan Connell
Managing Director
Greenwich Associates

 Steve Eisman
Steve Eisman
The inspiration behind ‘The Big Short’ , Managing Director, Portfolio Manager
Neuberger Berman (Eisman group)

Improving Transparency Across Bond Markets

1:40 PM Industry Perspective: TRACE for Treasuries- How can regulators work to improve transparency in the deepest, most liquid fixed income markets of the world?

Kevin McPartland, Head of Market Structure Research, Greenwich Associates

Susan Estes, Co-founder, CEO & President, OpenDoor Trading

Chris Ferreri, Chief Operating Officer, Hartfield, Titus and Donnelly

  • Aligning transparency in corporate bonds and treasuries- What steps are being taken to improve transparency in the treasury space?
  • How are regulators going to use the new treasury data to help prevent future potential flash crashes?
  • Trade reporting for treasuries- Will this lead to further regulation on treasuries to prevent another flash crash?
  • Is corporate bonds and TRACE a suitable roadmap- What has been learned from transparency and reporting in other markets?
  • Is there potential to make Treasury TRACE data available for public disclosure and if so when?

On April 25th, OpenDoor launched an innovative trading platform specifically designed to reliquify off-the-run Treasuries and TIPS. The platform is all-to-all, session-based and anonymous. OpenDoor offers free access to the browser-based platform, and the blind platform ensures zero information leakage. The combination of these features offers traders and fiduciaries the perfect venue to enforce best execution protocols. In order to preserve existing dealer relationships as well as the post trade process, the end-user chooses the dealer it wishes to face for settlement and clearing. While dealers are encouraged to trade on the platform for their proprietary desks, their primary role is as your clearing agent.

 Kevin McPartland
Kevin McPartland
Head of Market Structure Research
Greenwich Associates

Kevin McPartland is a Managing Director and the head market structure and technology research at Greenwich Associates. He has nearly 20 years of capital markets industry experience with deep expertise in market structure, regulation and technology impacting the fixed income, FX, and equity markets. 

Prior to joining the Greenwich Associa ...[Read More]

 Susan Estes
Susan Estes
Co-founder, CEO & President
OpenDoor Trading

Ms. Susan Estes is a chief executive with exceptional depth and understanding of the fixed income markets. She has over 30 years of experience trading U.S. Treasuries and related fixed-income products; the majority spent on starting, developing and managing domestic and international high-quality rates operations and related businesses for larg ...[Read More]

 Chris Ferreri
Chris Ferreri
Chief Operating Officer
Hartfield, Titus and Donnelly

MiFID II Workshop

Synergy Workshop: Navigating the MiFID II maze- All you need to know to practically prepare your trading desk for the January 2018 MiFID II deadline

Matthew Coupe, Director Market Structure, Barclays

  • Breaking down MiFID II- How will the new rules impact research, reporting, transparency and best execution in Europe and what will be the knock on effect for US entities?
  • What are the new reporting requirements when transacting with EU firms under MiFID II?
  • What should you put in place now to prepare for new transparency rules within MiFID II and how will this impact your ability to execute?
  • Establishing the real cost of research- How will unbundling work for US entities, how will it impact research costs and who will drive this?
  • What steps do you need to put in place now to mitigate the impact of MiFID II on your global trading business?
 Matthew Coupe
Matthew Coupe
Director Market Structure
Barclays

Adapting To The New Derivatives Reforms

Industry Perspective: New uncleared margin rules- Gain clarity on the impact they will have on your fixed income desk and the steps you should take now to meet these new requirements

Tara Kruse, Head, ISDA

  • A regulatory update on the plans by the CFTC Division of Clearing and Risk- Where are the current clearing proposals up to and how will you be impacted?
  • Margins for uncleared trades- What are the next ‘phased in’ periods and when will these come into force?
  • What impact will margin variation rules have on the buy side- Do the benefits outweigh the additional costs?
  • How will the later implementation date in Europe impact cross border compliance and could this lead to an uncompetitive global landscape?
  • What impact will the new clearing mandate have on the fixed income market structure once these changes are fully implemented? 
 Tara Kruse
Tara Kruse
Head
ISDA

Tara Kruse is the head of ISDA’s Non-Cleared Margin Initiative which facilitates the implementation of margin rules for non-cleared derivatives across jurisdictions and which developed and maintains the ISDA Standard Initial Margin Model (SIMM)TM, a common initial margin methodology that can be used by market participants globally. Previously, ...[Read More]

Rethinking Traditional Approaches

Leadership Boardroom: The future outlook of active and passive investment management- As passive assets continue to rise, what is on the horizon for active managers?

Terry Flynn, Front Office Expert, SimCorp

Tom Secaur, Global Chief Operating Officer, Citisoft

  • Given the success passive funds have had in recent years and the low cost to investors, is the trend in asset flows towards passive investments continuing or could there be a reversal of this trend? 
  • Passive vs. active investments in 2017/18- As we enter a rising rate environment are we set to see flows into active investments or will passive investments still provide the safest haven? 
  • How can you now plan and employ smart beta strategies as a hybrid solution to minimize cost while still delivering optimal, objective-driven portfolio investing? 
  • With smart beta, what are the implicit (i.e. ESG) and explicit (i.e. volatility) factors that can be used as levers with Equities, Fixed Income (i.e. duration, credit), and other asset classes? 
  • Alternative investments as a source of alpha- How are different buy side houses approaching alternative investments, and how do you manage the operational challenges presented by investing in these asset classes?
 Terry Flynn
Terry Flynn
Front Office Expert
SimCorp

For the past fifteen years, Terry has focused on advising clients on how best to streamline their workflows while simultaneously enabling growth and scalability for the future. At SimCorp, Terry works closely with large investment managers in transforming their businesses from multiple disparate systems to an integrated front, middle and back of ...[Read More]

 Tom Secaur
Tom Secaur
Global Chief Operating Officer
Citisoft

Tom is the Global Chief Operating Officer of Citisoft and a co-founder of The Rowan Group, which merged with Citisoft in 2002. Tom has been instrumental in the rapid growth of Citisoft’s investment management consulting brand over the past decade, and has responsibility for several corporate functions including business development, operations, ...[Read More]

Predicting The Impact Of Political Drivers

360 Perspective: Geo-political risk and deglobalisation- How can you exploit political drivers in 2017 to generate returns for your portfolio?

Moderated By:
David Saab
, Managing Director, JP Morgan Private Bank

Marc Chandler, Head of FX Strategy, Brown Brothers Harriman

  • How has recent geo-political uncertainly impacted market volatility and what impact does this have in fixed income investing?
  • With heightened political instability in both developed and emerging markets, what impact does this have on fixed income markets?
  • What do the major elections in Europe mean for the Eurozone on the back of Brexit- Is there a risk of further break-up?
  • Geo-political landscape from a risk management perspective- How can you structure a profitable portfolio on top of this?
  • Learning from past events- How can you use lessons from recent political events to best handle the unbalanced risks associated with major events in 2017? 
 Marc Chandler
Marc Chandler
Head of FX Strategy
Brown Brothers Harriman
Marc Chandler has 30 years of experience in the FX market, starting his current role at BBH in 2005 as Global Head Of Currency Strategy. His current research projects include global imbalance and the relationship between savings, investment and growth. Marc is often called upon to provide macro-economic expertise on CNBC and Bloomberg amongst other ...[Read More]

Moderated By:

 David Saab
David Saab
Managing Director
JP Morgan Private Bank

David Saab, Managing Director, is a member of the Private Bank’s manager selection team. Based in London, he is the global head of fixed income and absolute return funds. Prior to joining J.P. Morgan in 2011, he was working as a Portfolio Manager at Banque Privee Edmond de Rothschild. He headed their Fixed Income and Absolute Return fund researc ...[Read More]

Improving Transparency Across Bond Markets

2:00 PM 360 Perspective: How can you improve your pre-trade transparency capabilities to give you the power of choice on how to trade?

Moderated By:
Dan Barnes
, Writer, The Desk

Neal Rayner, Head of US Fixed Income Trading, Janus Capital Group

Stu Taylor, CEO, Algomi

Francis FA Romano, Head of Bondpoint Institutional, KCG

David Murray, Chief Business Development Officer, Corvil

Kelley Millet, CEO, Banca IMI Securities

  • Pre trade transparency- What is currently available for pre-trade and how can you aggregate this information to make more informed decisions?
  • How can you leverage technology and data to improve your pre-trade transparency?
  • How can you measure liquidity and capture data pre-trade to show buyers and sellers?
  • TRACE traders vs non-TRACE traders- What are the habits of TRACE traders and how does this influence how you trade?
  • Debate- Should treasuries have available TRACE data and be moved to a clearing model?
 Neal Rayner
Neal Rayner
Head of US Fixed Income Trading
Janus Capital Group

 Stu Taylor
Stu Taylor
CEO
Algomi

Francis FA Romano
Head of Bondpoint Institutional
KCG

David Murray
Chief Business Development Officer
Corvil

 Kelley Millet
Kelley Millet
CEO
Banca IMI Securities

The 35 years of experience of T. Kelley Millet demonstrate outstanding leadership, global client impact and proven financial results, especially in financial services and FinTech.

  • September 2012 – August 2013: He was the Co-President of Pierpont Securities LLC
  • ...[Read More]

Moderated By:

 Dan Barnes
Dan Barnes
Writer
The Desk

Dan Barnes is editor of The DESK, the quarterly magazine for buy-side fixed-income traders in the US and Europe. The DESK has led on many fixed income stories including US Treasury market reform, published primary research into the use of corporate bond platforms and analysis of buy-side trading desk efficiency. An award-winning capital markets ...[Read More]

MiFID II Workshop

Session continues

Session continues

Adapting To The New Derivatives Reforms

Oxford Style Debate: True or false- The latest clearing requirements make OTC swaps trading less attractive and push the market towards listed derivatives

Moderated By:
Michael Kogler
, Principal, ViableMkts, LLC

Sol Steinberg, Regional Director, PRIMA

Glenn Taitz, Head of Fixed Income Trading, Invesco

Christian Dopp, Senior Vice President,, Buy-Side Business Development, Eurex

Michael O'Brien, Director of Global Trading, Eaton Vance

True - Chris Dopp, Senior Vice President, Buy-Side Business Development, Eurex 

True - Michael O'Brien, Head of Global Trading, Eaton Vance 

False - Sol Steinberg, Regional Director, PRIMA 

False - Glenn Taitz, Head of Fixed Income Trading, Invesco

  • As the OTC market moves further towards a clearing model, what are the issues in terms of cost and risk?
  • Is increased margin on uncleared transactions pushing buy side firms to trade exchange-traded derivatives to avoid additional costs?
  • Will the new uncleared margin requirements lead to an increase in voluntary clearing of ‘non-cleared’ products or is this not necessary?
  • Are adequate solutions available to make the clearing model more streamlined and efficient, or are the still improvements to be made?
  • With rules governing futures transactions being less restrictive than current swap rules, are we likely to see the futurization of swaps?
 Sol Steinberg
Sol Steinberg
Regional Director
PRIMA

Glenn Taitz
Head of Fixed Income Trading
Invesco

 Christian Dopp
Christian Dopp
Senior Vice President,, Buy-Side Business Development
Eurex
Christian Dopp is a Senior Vice President in Fixed Income Sales at Eurex. He covers both traditional and alternative asset managers throughout the United States and Canada for Eurex’s trading and clearing businesses. Additionally, he is responsible for the development of the exchange’s fixed income asset class within the Buy-Side community. Chri ...[Read More]

 Michael O'Brien
Michael O'Brien
Director of Global Trading
Eaton Vance

Viewed as an industry pioneer, Michael oversees a global trading team operating 24 hours per day responsible for the execution of long and short trades in over seventy-five markets. They also gathering intelligence on new instruments including hard currency and local currency debt. Having successfully steered Eaton Vance’s FX trading desk troug ...[Read More]

Moderated By:

 Michael Kogler
Michael Kogler
Principal
ViableMkts, LLC

Rethinking Traditional Approaches

Session continues

Session Continues

Predicting The Impact Of Political Drivers

Industry Perspective: The year ahead- What will be the key macro indicators in 2017 and how will this impact fixed income markets?

Lee Ferridge, Head of Macro Strategy, State Street Global Markets

Lee Ferridge
Head of Macro Strategy
State Street Global Markets

Improving Transparency Across Bond Markets

2:40 PM 360 Perspective: More than just box ticking- How can you use TCA to solidify your investment decisions?

Moderated By:
Kevin McPartland
, Head of Market Structure Research, Greenwich Associates

James Wallin, Senior Vice President, Alliance Bernstein

John Jannes, Director of Business Development, Trading Analytics, Markit

Joseph Guarino, Head of FICC Electronic Trading Americas, Bloomberg

Rob Haddad, Head of Product Strategy and Innovation, Pricing and Analytics, ICE Data Services

  • What are the implementation policies and costs to make bespoke TCA for fixed income?
  • How can you utilize TCA to demonstrate best execution to clients, auditors and regulators in order to support and evidence your investment decisions?
  • How can TCA be used to add value throughout the full trade life cycle and not just as a post trade tool?
  • What makes a credible TCA system and how can more standardization be brought forward for fixed income TCA?
  • The future of TCA in fixed income- How far are we from seeing more trade data depth to enable the enrichment of existing offerings?
 James Wallin
James Wallin
Senior Vice President
Alliance Bernstein

James Wallin is a Senior Vice President in AllianceBernstein’s Fixed Income group. Prior to joining AllianceBernstein, Wallin was at Morgan Stanley Investment Management, Evergreen Asset Management Corp. as Senior Counsel and Yamaichi Capital Management Inc., where he served as General Counsel and Chief Administrative Officer. Prior to working a ...[Read More]

 John Jannes
John Jannes
Director of Business Development, Trading Analytics
Markit

John Jannes is a Director of Business Development for IHS Markit’s Trading Analytics product suite where he focuses on the creation of trading analytics solutions for trading compliance and transaction cost analysis. Prior to working at the firm John spent fifteen years working in electronic trading on the sell side. He has held a range of posit ...[Read More]

 Joseph Guarino
Joseph Guarino
Head of FICC Electronic Trading Americas
Bloomberg

Joe Guarino is the Head of Global Markets Sales for the America's at Bloomberg. Joe joined Bloomberg in 1999 and has spent the last 10 years in various management roles within electronic trading. 

Joe is responsible for electronic trading and workflow solutions including Fixed Income, FX, Equities, Futures, and Commodities. He looks afte ...[Read More]

 Rob Haddad
Rob Haddad
Head of Product Strategy and Innovation, Pricing and Analytics
ICE Data Services

Rob Haddad, Head of Product Strategy and Innovation at ICE Data Services, has been with the Company for more than 15 years. As part of this role, he oversees the Company’s new product development function and product strategy across the Pricing and Analytics division of ICE Data Services. In this capacity, Haddad plays an instrumental role in ...[Read More]

Moderated By:

 Kevin McPartland
Kevin McPartland
Head of Market Structure Research
Greenwich Associates

Kevin McPartland is a Managing Director and the head market structure and technology research at Greenwich Associates. He has nearly 20 years of capital markets industry experience with deep expertise in market structure, regulation and technology impacting the fixed income, FX, and equity markets. 

Prior to joining the Greenwich Associa ...[Read More]

MiFID II Workshop

Session continues

Session Continues

Adapting To The New Derivatives Reforms

360 Perspective: How do the buy side and sell side need to re-think their business models to succeed in the new derivatives landscape?

Lisa Seim, Principal, Strategic Exchanges

Moderated By:
Paul Aston
, Partner, Tixall Global Advisors

Jarred Sherman, Portfolio Manager, JP Morgan Asset Management

David Weiss, Senior Analyst, Aite Group

  • 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?
Lisa Seim
Principal
Strategic Exchanges

 Jarred Sherman
Jarred Sherman
Portfolio Manager
JP Morgan Asset Management

Jarred A. Sherman, managing director, is a portfolio manager for the Absolute Return and Opportunistic Fixed Income Team at J.P. Morgan Asset Management. Prior to taking on this role, Jarred was a lead portfolio manager responsible for the strategy development and management of the enhanced cash and short duration portfolios within the U.S Fixed ...[Read More]

 David Weiss
David Weiss
Senior Analyst
Aite Group
David B. Weiss is a senior analyst with Aite Group, with more than five years’ experience covering multi-asset market structure, global derivatives, electronic trading, global financial regulation, and capital markets intellectual property, all with a subtle undercurrent of trading technology.

Mr. Weiss brings to Aite Group over 10
...[Read More]

Moderated By:

 Paul Aston
Paul Aston
Partner
Tixall Global Advisors

Rethinking Traditional Approaches

Session Continues

Session Continues

Predicting The Impact Of Political Drivers

Oxford Style Debate: True or false- Now is the time for new fiscal policy as monetary policy will no longer stimulate the economy

Moderated By:
David Saab
, Managing Director, JP Morgan Private Bank

Adam Purzitsky, Co-Head, Rates Team, Old Mutual Global Investors

Joseph Casteluccio, President of Capital Markets and Head of Trading, CG Capital Markets

  • How are central banking policies dictating fixed income performance and how can you best manage this dynamic?
  • The ineffectiveness of central banking policies- Have central banking policies not had the desired impact to improve the economy? 
  • How low can you go- Are rates set to drop further or is the only way up from here?
  • Do the central banks have anywhere else to turn with banking policies or is fiscal stimulus the only way forward now?
  • Currency markets in 2017 and beyond- Would fiscal policy provide the US economy with the boost it needs? 
 Adam Purzitsky
Adam Purzitsky
Co-Head, Rates Team
Old Mutual Global Investors

 Joseph Casteluccio
Joseph Casteluccio
President of Capital Markets and Head of Trading
CG Capital Markets

Mr. Castelluccio has over 40 years of Wall Street experience. His Wall Street career began in the OTC market place trading equities. Several years later his firm merged with a bond house that focused primarily on IG bonds. He developed a passion for the product, ran with it, and he never looked back. He is currently President of Capital Market ...[Read More]

Moderated By:

 David Saab
David Saab
Managing Director
JP Morgan Private Bank

David Saab, Managing Director, is a member of the Private Bank’s manager selection team. Based in London, he is the global head of fixed income and absolute return funds. Prior to joining J.P. Morgan in 2011, he was working as a Portfolio Manager at Banque Privee Edmond de Rothschild. He headed their Fixed Income and Absolute Return fund researc ...[Read More]

3:20 PM Afternoon Refreshment Break

Challenging Current Platform Models

3:50 PM 360° Perspective: The concept of ‘All to All’ (A2A) trading- Why have A2A models failed in the past and what indications are there that they will succeed now?

Moderated By:
Chris White
, CEO, ViableMKTS

Greg Heller, Director of Global Fixed Income Trading, MFS Investment Management

Alex Sedgwick, Head of Fixed Income Market Structure and Electronic Trading, T. Rowe Price

Eric Charron, Director of Trading, Liberty Mutual Group

Rich Schiffman, Open Trading Product Manager, MarketAxess

Chris Bruner, Managing Director and Head of U.S. Credit Product, Tradeweb

Michael Sobel, President, Trumid

  • The move to A2A- Is there currently enough data and pricing in the market for the A2A protocol to be successful?
  • A2A and the concept of anonymity- is this good or bad for fixed income markets?
  • How can you improve price discovery and pre-trade transparency on A2A models?
  • Defragmentation- How can the high number of A2A models be consolidated to reduce fragmentation in the market?
  • Debate- Will A2A overtake RFQ and become the dominant form of trading in fixed income?
 Greg Heller
Greg Heller
Director of Global Fixed Income Trading
MFS Investment Management

Gregory C. Heller, CFA, is an investment officer and director of Global Fixed Income Trading at MFS Investment Management® (MFS®). He is based in Boston. He is a member of the MFS Global Fixed Income Management Team and serves on the firm's Investment Management Committee.
Greg joined MFS in 2002 as a municipal fixed income trader. He wa ...[Read More]

 Alex Sedgwick
Alex Sedgwick
Head of Fixed Income Market Structure and Electronic Trading
T. Rowe Price
Alex Sedgwick is head of Fixed Income Market Structure and Electronic Trading in Global Trading at T. Rowe Price. Mr. Sedgwick is responsible for custom research and analysis pertaining to market structure, liquidity, and trade cost/execution analysis across the various fixed income sectors. He is a vice president of T. Rowe Price Group, Inc., and ...[Read More]

 Eric Charron
Eric Charron
Director of Trading
Liberty Mutual Group
Mr. Charron is a graduate of the University of Massachusetts where he earned a Bachelor’s Degree in Business Administration and the University of Vermont where he earned an Master’s Degrees in both Business Administration and Statistics. Mr. Charron has over 12 years of experience in varying Investment Management roles, including over 10 years of ...[Read More]

 Rich Schiffman
Rich Schiffman
Open Trading Product Manager
MarketAxess
Richard Schiffman is the Open Trading Product Manager. In this role, Mr. Schiffman is responsible for managing the development and implementation of the Open Trading, the firm’s all-to-all credit trading network.

He joined MarketAxess from BlackRock Financial Management where he was a Managing Director and CEO of BlackRock Capital M
...[Read More]

 Chris Bruner
Chris Bruner
Managing Director and Head of U.S. Credit Product
Tradeweb

Chris Bruner is a Managing Director and Head of U.S. Credit Product at Tradeweb Markets. He is focused on advancing the development of the firm’s product offering, and building the firm’s leading position in the global credit markets. Previously he worked in a senior credit trading role at JP Morgan Chase, and has extensive experience in credit ...[Read More]

 Michael Sobel
Michael Sobel
President
Trumid
Mike is the President of Trumid. He has 15 years of experience in the credit market. Mike is one of the original members of Trumid’s team, serving as a member of Management and the Client Team since the company’s founding. Prior to joining Trumid, Mike traded high yield bonds and CDS at Lehman Brothers and then Barclays. At Barclays he was a Managi ...[Read More]

Moderated By:

 Chris White
Chris White
CEO
ViableMKTS

ETFs Workshop

Workshop: Your A-Z guide on fixed income ETFs- How can you incorporate ETFs in your portfolio to give you increased liquidity and exposure?

Philip Cichlar, Head of ETF Sales and Trading, Jane Street

Scott Dennis, Director, U.S. iShares Capital Markets

  • ETF Transparency- What benefits can ETFs bring to a fixed income portfolio and what are the potential risks associated with these?
  • What are the key characteristics of fixed income ETFs and what problems do they solve?
  • What are the risks of using ETFs in stressed market conditions and how do they perform?
  • How do fixed income ETFs compare to equity ETFs and where to the major differences exist?
  • Implementation and execution- How can you build ETFs into your portfolio and how are they traded?
 Philip Cichlar
Philip Cichlar
Head of ETF Sales and Trading
Jane Street

Phil has been a trader at Jane Street for over 7 years. He joined the ETF execution team from Jane Street’s proprietary fixed income desk where he was a senior fixed income trader. Phil is the team’s resident expert on fixed income ETFs. 

Phil played an instrumental role in building out Jane Street’s bond trading desk and is an expert ...[Read More]

 Scott Dennis
Scott Dennis
Director
U.S. iShares Capital Markets

Scott Dennis, Director on the U.S. iShares Capital Markets team. He joined BlackRock in October 2009 working in Business Development, covering Registered Investment Advisors in the Midwest region.

Prior to joining iShares, Scott worked for Morgan Stanley in their fixed income institutional sales division focused on short to medi ...[Read More]

Exploring Alternative Liquidity Sources

360° Perspective: Setting yourself up to work with non-traditional liquidity providers- what issues currently exist and how can you overcome these for increased liquidity?

Moderated By:
Kevin McPartland
, Head of Market Structure Research, Greenwich Associates

Brad Bailey, Research Director, Capital Markets, Celent

Jon Herrick, Managing Director, Sun Trading

Jim Greco, Independent Expert, Former CEO and Founder, Direct Match

Isaac Liberman, Founder and CEO, Aston Capital Management

  • 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?
 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 yea ...[Read More]

Jon Herrick
Managing Director
Sun Trading

Jim Greco
Independent Expert, Former CEO and Founder
Direct Match

 Isaac Liberman
Isaac Liberman
Founder and CEO
Aston Capital Management

Isaac Lieberman founded Aston Capital Management as a quantitative hedge fund in November 2013. As a veteran trader of proprietary quantitative strategies, Isaac has more than 20 years of experience trading in global FX and Fixed Income markets. Prior to founding Aston Capital Management, Isaac was Managing Director at J.P. Morgan where he was t ...[Read More]

Moderated By:

 Kevin McPartland
Kevin McPartland
Head of Market Structure Research
Greenwich Associates

Kevin McPartland is a Managing Director and the head market structure and technology research at Greenwich Associates. He has nearly 20 years of capital markets industry experience with deep expertise in market structure, regulation and technology impacting the fixed income, FX, and equity markets. 

Prior to joining the Greenwich Associa ...[Read More]

Blockchain Workshop

Leadership Boardroom: Unlocking blockchain’s potential- How can this new technology revolutionize capital markets to slash costs and reduce risk?

Igor Gramatikovski, Director of Settlement, SimCorp

  • How does blockchain work and what benefits can this new technology bring to capital markets as a whole?
  • Building Blockchain- What is the underlying structure to blockchain and how can this improve efficiency across the full trade lifecycle?
  • Integrating Blockchain- What are the realistic timelines for blockchain to become a reality in capital markets?
  • Challenging the status quo- What impacts could distributed ledger technology have on the market structure?
 Igor Gramatikovski
Igor Gramatikovski
Director of Settlement
SimCorp
Igor is based in London and responsible for SimCorp’s Trade Processing solution set and strategy. Prior to joining SimCorp, Igor worked as an Investor Market Manager at Citibank’s Securities and Fund Services. He joined Citi from Markit, where he held Business Development positions for the Credit Data and Portfolio Valuations service, and was respo ...[Read More]

Adjusting To A Rising Rate Environment

Case Study Revolution: Positioning your portfolio for rising rates- How can you best manage your fixed income investments in a rising rate environment?

Michael Pond, Fixed Income Strategist, Barclays Bank

David Saab, Managing Director, JP Morgan Private Bank

  • When the FED finally does raise rates, how much will they rise and how fast will they rise?
  • What are the factors affecting interest rates and how can fixed income investments respond to the rate rise?
  • What is the impact of rising rates on fixed income returns and how can you best manage this to generate returns for your investors?
  • US vs. international investing- What role are central banks playing and where does the yield and risks lie?
Michael Pond
Fixed Income Strategist
Barclays Bank

 David Saab
David Saab
Managing Director
JP Morgan Private Bank

David Saab, Managing Director, is a member of the Private Bank’s manager selection team. Based in London, he is the global head of fixed income and absolute return funds. Prior to joining J.P. Morgan in 2011, he was working as a Portfolio Manager at Banque Privee Edmond de Rothschild. He headed their Fixed Income and Absolute Return fund researc ...[Read More]

4:45 PM Transit time to main conference room

Rethinking Traditional Models
4:50 PM Fireside Chat: The millennial trader - What are the requirements of both traders and portfolio managers to successfully thrive in liquidity deprived markets?

Moderated By:
Dan Barnes
, Writer, The Desk

Zachary Ellison, Director, US Public Fixed Income, Sun Life Investment Management

Russell Budnick, Head of Taxable Fixed Income, JP Morgan WM

 Zachary Ellison
Zachary Ellison
Director, US Public Fixed Income
Sun Life Investment Management
Zack Ellison, CFA, CAIA is a Director in U.S. Public Fixed Income at Sun Life Investment Management, whose teams manage over $100 billion in assets. Mr. Ellison is primarily responsible for corporate credit trading and actively contributes to the firm's corporate credit strategy, investment processes, portfolio construction, and risk management pra ...[Read More]

 Russell Budnick
Russell Budnick
Head of Taxable Fixed Income
JP Morgan WM

Moderated By:

 Dan Barnes
Dan Barnes
Writer
The Desk

Dan Barnes is editor of The DESK, the quarterly magazine for buy-side fixed-income traders in the US and Europe. The DESK has led on many fixed income stories including US Treasury market reform, published primary research into the use of corporate bond platforms and analysis of buy-side trading desk efficiency. An award-winning capital markets ...[Read More]

5:10 PM Innovation Spotlight: Ecosystem-as-a-Service for Fixed Income Market Participants- How a financial markets cloud can enable firms to source liquidity, manage risk and access trade lifecycle services

Ganesh Iyer, Global Product Marketing Director, IPC

Ganesh Iyer
Global Product Marketing Director
IPC

Ganesh Iyer, CAIA, is Global Product Marketing Director for Financial Markets Network at IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community. At IPC, Mr. Iyer is responsible for spearheading global product marketing initiatives, building brand awareness and growing the b ...[Read More]

FinTech Shark Tank
5:20 PM Fixed Income Shark Tank: Disruptive technologies- What are the next big breakthroughs you should expect from the FINTECH world?

David Weiss, Senior Analyst, Aite Group

Sol Steinberg, Regional Director, PRIMA

Stuart Plane, CEO and Co-Founder, LiquidityCube

Ed Boyle, Senior Equity and Fixed Income Trader, Pioneer Investments

Ryan Kipp, Head of Sales, AQMetrics

Steve Toland, Founder, TransFICC

Julia Streets, CEO, Streets Consulting

Join our fixed income sharks during this exciting ‘Shark Tank’ style session, where you will hear from four new and innovative start-up FINTECH firms as they present their offerings in a bid to win first place. Listen up as the ’sharks’ review the technologies’ benefits to your business, predict their future success and deliver their verdicts. The ultimate decision is in your hands though, as the audience get to vote for their favourite.

Will you find the next big thing?

Suggested Technologies:
  • Machine learning
  • Connectivity
  • Best Ex analytics
  • RegTech
  • Information flow
  • Sentiment Analysis
 David Weiss
David Weiss
Senior Analyst
Aite Group
David B. Weiss is a senior analyst with Aite Group, with more than five years’ experience covering multi-asset market structure, global derivatives, electronic trading, global financial regulation, and capital markets intellectual property, all with a subtle undercurrent of trading technology.

Mr. Weiss brings to Aite Group over 10
...[Read More]

 Sol Steinberg
Sol Steinberg
Regional Director
PRIMA

Stuart Plane
CEO and Co-Founder
LiquidityCube

Stuart has been involved as either a founder or an early employee in several of the leading fintech platforms over the past 15 years. Stuart is CEO of LiquidityCube. Prior to starting LiquidityCube Stuart was with IHSMarkit, where he managed the Australian business and the APAC software and services divisions. Stuart joined IHSMarkit via their a ...[Read More]

 Ed Boyle
Ed Boyle
Senior Equity and Fixed Income Trader
Pioneer Investments
Edward Boyle is Vice President and Portfolio Manager for American Century Investments®, a premier investment manager headquartered in Kansas City, Missouri. He is based in the company's New York office.

Mr. Boyle is a member of the Rates and Currency Markets team within the firm's Fixed Income group. He also serves as a portfolio ma
...[Read More]

Ryan Kipp
Head of Sales
AQMetrics

 Steve Toland
Steve Toland
Founder
TransFICC
Steve founded TransFICC in 2016 after receiving requests from banks trading in Fixed Income and Derivative markets for a new technology approach to address fragmentation and speed of technology. Steve has over 25 years experience working in the global capital markets. In a previous role he was Head of LMAX Interbank, where he met his technology col ...[Read More]

Julia Streets
CEO
Streets Consulting

6:00 PM Chairperson's Closing Remarks

Kevin McPartland, Head of Market Structure Research, Greenwich Associates

 Kevin McPartland
Kevin McPartland
Head of Market Structure Research
Greenwich Associates

Kevin McPartland is a Managing Director and the head market structure and technology research at Greenwich Associates. He has nearly 20 years of capital markets industry experience with deep expertise in market structure, regulation and technology impacting the fixed income, FX, and equity markets. 

Prior to joining the Greenwich Associa ...[Read More]

6:05 PM Cocktail Drinks Reception