Fixed Income Future Leaders USA 2017

May 16 - 18, 2017

Westin Copley Place - Boston

+44 (0)207 368 9330

 Kevin McPartland
Kevin McPartland Managing Director, 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 Associates, Kevin was with BlackRock, where he was a Director in the Electronic Trading and Market Structure group. Prior to joining Blackrock, he was a Principal at TABB Group, where he founded and led the firm's Fixed-Income research practice. Kevin also spent time at JPMorgan, UBS and Deutsche Bank in varying capacities. 

Kevin has presented at a wide range of industry conferences and is quoted regularly in the financial media including The Economist, Wall Street Journal, NY Times, Financial Times, Business Week, Bloomberg News, Reuters News, Business Insider and numerous other industry publications. He has also provided live and taped commentary for Bloomberg TV, CNBC, Bloomberg Radio, and National Public Radio. 

Kevin has also provided testimony discussing the Dodd-Frank Act in 2011 to the US Senate’s Banking Committee and three times to the US Commodities and Futures Trading Commission (CFTC), mostly recently in 2015. Kevin earned a BS in Computer Science from Rensselear Polytechnic Institute in Troy, NY, and is currently a member of the advisory board for the M.S. in Quantitative Finance and Risk Analytics program.

Day 1- Wednesday May 17th 2017

8:25 AM Chairperson's Opening Remarks

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?

  • 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?

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?

  • 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?

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

  • 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?

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?

4:40 PM Sell Side Perspective: The role of the sell side in a new fixed income landscape- How are tier 1 and tier 2 banks adapting and working with the buy side to continue offer a full service?

  • How are the sell side maintaining their relationships with the buy side on the back of capital constraints and reduced risk appetite?
  • What are the technical building blocks to make an efficient market making business in fixed income?
  • Dealer balance sheets- How do the sell side make their balance sheets available for clients and how much of their business has changed on the back of capital constraints?
  • Beyond the bulge bracket- How can mid-tier players offer a niche service and where do they see themselves working with the buy side?
  • The future of the sell side trader- How do the sell side expect their roles to evolve over the coming years as innovation continues in fixed income markets?