Fixed Income Leaders USA Summit 2019

June 18 - 20, 2019

Philadelphia 201, Philadelphia

44 (0)207 368 9576

Agenda Day 1 - Wednesday June 19th 2019

7:30 am - 8:15 am Conference Registration & Networking Breakfast

8:15 am - 8:20 am Welcome Address: Lauren Harrison, Editorial Director, Fixed Income Leaders Summit

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Kevin McPartland

Head of Market Structure Research
Greenwich Associates

KEEPING ON TOP OF NEW PARADIGM SHIFTS

8:25 am - 8:45 am Buy Side Keynote - What are the 3 critical success factors to building a best in class fixed income trading desk that not just survives but thrives in a new market order?

Dan Veiner - Global Head of Fixed Income, Blackrock Kevin McPartland - Head of Market Structure Research, Greenwich Associates
- Redefining the buy side DNA: How are changes in market structure redefining the way you interact with your sell side and technology counterparts?
- Buy side innovation: How can you harness the power of new data and analytics capabilities to stay one step ahead of your competitors? 
- Optimizing your access to liquidity: How can innovative protocols give you increased access and faster accessibility to liquidity when you truly need it?
- Debunking the myth: Why is it a mistake to use an equities roadmap to plot the future of your fixed income trading operations?

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Dan Veiner

Global Head of Fixed Income
Blackrock

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Kevin McPartland

Head of Market Structure Research
Greenwich Associates

-Redefining the future of fixed income: How are changes in market structure and the way you source liquidity impacting the way you trade?
-The buy side as the “market makers”: What does this new world look like and how is the full value chain shifting in response?
-What new product entrants should be taken seriously and considered when evaluating your fixed income business technology spend?
-The evolving relationship between buy and sell side traders: With increases in both low and high touch trading, what impact does this have traditional relationships with the buy side?
Live polling and interactive audience Q&A during this session   

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Kevin McPartland

Head of Market Structure Research
Greenwich Associates

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Marc Wyatt

Global Head of Trading
T. Rowe Price

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Sonali Pier

Executive Vide President
PIMCO

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Richard Schiffman

Head of Open Trading
MarketAxess

Haider Ali

Head of U.S. Treasury Trading
RBC Capital Markets”

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Paul Kaplan

Head of Global Credit, TRS, and Price Transparency
Bloomberg L.P.

9:25 am - 9:45 am Keynote Guest Speaker Building the fixed income business of the future: Where should you invest in innovative tech to stay ahead of the curve and remain competitive?

Howard Lutnick - CEO, Cantor Fitzgerald
Mr. Lutnick guided the rebuilding of Cantor Fitzgerald following the devastating September 11, 2001, World Trade Center attacks that claimed the lives of 658 of the firm’s 960 New York-based employees. Since then, Cantor has provided over $180 million to help the families of the firm’s employees who were lost on that day.  Cantor and its affiliates now have more than 4,000 employees in New York and over 10,000 globally. Since 9/11, Mr. Lutnick has been recognized as a symbol of resilience and his story has been widely covered by top financial publications.
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Howard Lutnick

CEO
Cantor Fitzgerald

9:45 am - 10:25 am In Conversation With Liquidity Providers Redefining a fixed income liquidity provider: How are traditional liquidity providers and new market entrants adapting their business models to provide new avenues of liquidity?

Neal Rayner - Head of US Fixed Income Trading Janus Henderson Investors Rich Winter - Senior Managing Director Global Head of Strategy & Sales, FENICS USTreasuries Susan Etes - CEO, OpenDoor David Parker - Head of Sales, MTS Markets Shari Noonan - CEO, Rialto Trading
- Assessing the state of fixed income liquidity: How are traditional providers and new entrants evolving to leverage automation and gain the competitive edge in a global marketplace?
- How is technology acting as an enabler for new models to provide new pools of liquidity and how can you incorporate these into your workflow?
- Transparency on pricing: How do liquidity providers price their services and to what extent are capital charges are key driver of these charges?
- Sell side view of the buy side: What behavioural changes do they see on the buy side and what impact is this having on how they interact with buy side firms?
- The methodology of accessing liquidity: Where does this currently sit and how is this set to evolve with new business models and enhanced connectivity and market data coming to the fore?

Live polling and interactive audience Q&A during this session   

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Neal Rayner

Head of US Fixed Income Trading
Janus Henderson Investors

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Rich Winter

Senior Managing Director Global Head of Strategy & Sales
FENICS USTreasuries

Susan Etes

CEO
OpenDoor

David Parker

Head of Sales
MTS Markets

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Shari Noonan

CEO
Rialto Trading

10:25 am - 11:00 am Morning Refreshment Break

10:25 am - 11:00 am Morgan Stanley Exclusive Invite Only Workshop

11:00 am - 11:30 am Special Guest Keynote - 5 Steps to gaining people’s trust: How this counter intelligence agent created a one-of-a-kind formula for success with people

Robin Dreeke - Former FBI Special Agent, & Chief of the Counterintelligence Behavioural Analysis Program, .
Robin is a retired FBI Special Agent and Chief of the Counterintelligence Behavioral Analysis Program and has taken his life's work of recruiting spies and broken the art of leadership and relationship building into Five Steps to TRUST. In this dynamic session learn from Robin’s 20 years experience in the FBI and find out everything you need to know to gain peoples trust. 
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Robin Dreeke

Former FBI Special Agent, & Chief of the Counterintelligence Behavioural Analysis Program
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THRIVING IN A TECHNOLOGY DRIVEN LANDSCAPE

11:30 am - 11:50 am Fireside Chat Setting the gold standard for corporate bond trading: How can you enhance access to liquidity and alpha generation through technology, automation and data?

Andrew Awad - Managing Director, Greenwich Associates James Switzer - Head of Credit Trading, Alliance Bernstein Constantinos Antoniades - Global Head of Fixed Income, LIquidnet
- How can you generate the turnover needed in the backdrop of this high volatility and highly complaint landscape? 
- How can you develop the optimal high touch VS low touch trading split on your desk?
- As trading processes become more automated how can your desk differentiate their value to their clients? 
- Is there a golden standard to the right technology set up in your business and how can you begin this transition? 
- Fixed Income 2020: What does the future hold for fixed income and how can you be ahead of the game to leverage new innovation? 

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Andrew Awad

Managing Director
Greenwich Associates

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James Switzer

Head of Credit Trading
Alliance Bernstein

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Constantinos Antoniades

Global Head of Fixed Income
LIquidnet

11:50 am - 12:10 pm All Star Panel - Navigating the data storm: How can you aggregate and make sense of multiple data sources and turn these into meaningful pre and post-trade analysis to aid your investment decisions?

Dan Connell - Managing Director, Greenwich Associates Sam Priyadarshi - Head of Fixed Income Derivatives, Vanguard Russell Budnick - Head of Taxable Fixed Income, JP Morgan WM Scott Eaton - CEO, Algomi Ruben Costa-Santos - Head of FX, ITG Lynn Martin - President and COO, ICE Data Services
- What developments are providers bringing to give additional pre and post trade transparency data to the buy side?
- How are the buy side adopting new technologies to access data and measure and meet their best execution goals on a regular basis? 
- How can you ensure the data you are getting is relevant and manageable to help you meet your best execution obligations? 
- How does technology and increased data transparency help cope with the new market structure? 
- The 5 year view: How will new data capabilities define how you transact fixed income in the long term? 
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Dan Connell

Managing Director
Greenwich Associates

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Sam Priyadarshi

Head of Fixed Income Derivatives
Vanguard

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Russell Budnick

Head of Taxable Fixed Income
JP Morgan WM

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Scott Eaton

CEO
Algomi

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Ruben Costa-Santos

Head of FX
ITG

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Lynn Martin

President and COO
ICE Data Services

12:10 pm - 12:30 pm Fireside Chat - Leveraging Technology to Capture Opportunity in an Evolving Market

Rick McVey - Chairman and CEO, MarketAxess
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Rick McVey

Chairman and CEO
MarketAxess

12:30 pm - 12:50 pm Innovation Keynote New frontiers in fixed income automation: How to leverage intelligent algos on your desk to enable your traders to focus on value-add tasks

Robert Almgren - Co-Founder, Quantitative Brokers
- How can new algorithmic capabilities be used on your fixed income trading desk so your traders can focus on more value add tasks?
- Where are there demonstrated examples of the use of fixed income algos on the buy side for best execution?
- What product areas in fixed income lend themselves to new algorithmic trading capabilities and how can you incorporate these on your desk? 
- How are new fixed income algos tailored to meet the complex requirements of fixed income?
- Assessing the risks: How can you be confident when using new algorithmic technology that you are protected against faults?

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Robert Almgren

Co-Founder
Quantitative Brokers

TRUE –  Alex Budny, Global Head of Trade Analytics, SSGA
TRUE –Vidya Guruju, Product Manager, Fixed Income Trading Charles River Development
FALSE -  Glenn Taitz, Head of Global Fixed Income Trading, Invesco
FALSE - Lee Sanders, Head of Execution FX and UK & Asia Fixed Income Trading, AXA Investment Management
Secure your front row seat as the conference room becomes a battlefield. Witness industry experts fight their corner over the mostcontroversial topics in your industry. Who will deliver the knockout argument to claim victory? Take your place and vote.
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Miles Kumaresan

Global Head of Trading & Fintech
Nordea Asset Management

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Alex Bundy

Global Head of Trade Analytics
SSGA

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Vidya Guruju

Product Manager, CFA
Charles River Development

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Glenn Taitz

Head of Fixed Income Trading
Invesco

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Lee Sanders

Head of Execution FX and UK & Asia Fixed Income Trading
AXA Investment Management

1:30 pm - 2:30 pm Lunch and Refreshment Break

Meet & Greet Lunch & Networking For All Attendees

1:30 pm - 2:30 pm Credit Suisse Invite Only Private Lunch

1:30 pm - 2:30 pm State Street Global Advisors SPDR Invitation Only Buy Side Lunch

Tracks

- Does a one-stop shop make sense or does it work better to have a different platform and protocols? 
- Assessing the spectrum of trading venues:  What are the different forms of liquidity available to the buy side?
- How can you measure the execution quality around different forms of liquidity to establish the best path to trade?
- What are the most commonly used protocols and how can you incorporate these into your current workflow?
- How can the use of multiple trading protocols complement each other to give you a wider picture of liquidity and still provide a smooth consistent workflow for your traders?
 

Kenneth Monahan

Senior Analyst
Greenwich Associates

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Neal Rayner

Head of US Fixed Income Trading
Janus Henderson Investors

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Mike Nappi

Vice President, Investment Grade Corporate Bond Trading
Eaton Vance

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Michel Dimitri

Global Head of Leverage Credit Trading
Goldman Sachs Asset Management

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Andrew Mogavero

Managing Director, Head of US Credit Trading
Barclays

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Chris Bruner

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

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Mike Sobel

President
Trumid

Track A – Credit New Avenues To Credit Liquidity

3:10 pm - 3:30 pm Corporate Bonds - Fireside Chat Responding to liquidity risk: What are the various avenues to measure manage and monitor liquidity risk in real time to best respond to market shocks?
Kenneth Monahan - Senior Analyst Greenwich Associates Andrew Parra - Head of Investment Grade Corporate Trading, Goldman Sachs Asset Management
- How to establish an analytic framework for calculating risk, optimising capital and measuring market events and liquidity
- How can you improve your capabilities when analysing the real-time effect of change in cost and liquidity to minimize the impact of market shocks?
- How can you utilize optimised solutions to your liquidity needs by evaluating market liquidity using rapid on demand approaches?
- What data management approaches are risk divisions using to gain a centralised view of market liquidity?
- How can you work better with portfolio managers to manage liquidity risk? 

Kenneth Monahan

Senior Analyst
Greenwich Associates

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Andrew Parra

Head of Investment Grade Corporate Trading
Goldman Sachs Asset Management

- With the rise of artificial intelligence and machine learning what is the future of human involvement in the execution process?
- What can you automate across your fixed income desk and what needs to retain the human touch? 
- What are the benefits of using technology such as an EMS in automating trading flows?
- Managing the intelligence of big data: How are the buy side adopting this to facilitate the rise of automated trading on their desk? 
- How can you define a set of criteria for your low touch trading to allow your traders to focus on the high touch business?

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Zack Ellison, CFA, CAIA

Director, US Public Fixed Income
Sun Life Investment Management

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Jamie Anderson

Head of US Trading
Insight Investment

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Christopher A. Coccoluto

Head of Investment Grade Bond Trading
Manulife Asset Management

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Brock Arnason

Founder and Chief Delivery Officer
Droit Financial Technologies

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Ivan Mijov

Head of Buy-side Fixed Income EMS
AxeTrading

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David Krein

Global Head of Research
MarketAxess

Track B – Rates Adapting To A New Era Of Rates eTrading

2:30 pm - 2:50 pm US Treasuries - Interview The End of the Road: How to navigate your portfolio as we near the end of one of the longest interest rate cycles in the US and around the world
Anne Mathias - Head of Global Macro, Interest Rates, and Foreign Currency, Vanguard Brian Smedley - Head of Macroeconomic and Investment Research, Guggenheim Partners
- How to ensure your portfolio is sufficiently diversified to capture full growth potential from this trend?
- How was the market adjusted to the higher rate environment? 
- How can you use rising rates to your advantage and leverage the opportunities they bring? 
- How can you ensure your portfolio is sufficiently diversified deal with the impact of rising rates and capture growth potential?
- The forecast for FED rate rises: What will the rates environment look like over the next three years and how can you prepare for this to set yourself up for success?

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Anne Mathias

Head of Global Macro, Interest Rates, and Foreign Currency
Vanguard

Brian Smedley

Head of Macroeconomic and Investment Research
Guggenheim Partners

Track B – Rates Adapting To A New Era Of Rates eTrading

2:50 pm - 3:30 pm US Treasuries - Panel Evaluating the US treasury ecosystem: What are the benefits of moving to a more electronified and direct liquidity streaming model?
Kevin McPartland - Head of Market Structure Research Greenwich Associates Michael O’Brien - Director of Global Trading, Eaton Vance Bryan Farrell - Head of Sales, Liquidity Edge Nicole Shumpert - Head of BrokerTec Direct, NEX
-What infrastructure is needed to push innovation and how will eTrading continue to evolve?
- How are the interactions between liquidity takers and makers changing across US rates?
- With the increase in electronification, is the RFQ model still the most effective rates protocol or is A2A set to become the dominant form of liquidity sourcing? 
- How can direct streaming cut costs and improve efficiency across US treasury markets?

Live polling and interactive audience Q&A during this session   

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Kevin McPartland

Head of Market Structure Research
Greenwich Associates

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Michael O’Brien

Director of Global Trading
Eaton Vance

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Bryan Farrell

Head of Sales
Liquidity Edge

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Nicole Shumpert

Head of BrokerTec Direct
NEX

Track B – Rates Adapting To A New Era Of Rates eTrading

3:30 pm - 4:10 pm US Treasuries Listed Derivatives - 360 Perspective Beyond futures: What other fixed income products within rates now lend themselves to automated execution and how can you take advantage of this
Zack Ellison, CFA, CAIA - Director, US Public Fixed Income Sun Life Investment Management Alexander Bouzalis - Executive Director, Morgan Stanley Investment Management Alastair Hawker - Head of North American Sales, Quantitative Brokers Gregory Garofolo - Head of Electronic Rates Product Strategy and Distribution, Credit Suisse
- Unlocking the true value of automation: How can you use advances in technology to increase the efficiency and effectiveness of your rates desk?
- How is automated trading being developed in rates markets and what are the conditions that facilitate this? 
- Establishing the workflow benefits for automated execution: How can you incorporate this to compliment your current trading system? 
- Retaining the human touch: How can buy side traders still add value to the low touch execution process in rates? 

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Zack Ellison, CFA, CAIA

Director, US Public Fixed Income
Sun Life Investment Management

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Alexander Bouzalis

Executive Director
Morgan Stanley Investment Management

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Alastair Hawker

Head of North American Sales
Quantitative Brokers

Gregory Garofolo

Head of Electronic Rates Product Strategy and Distribution
Credit Suisse

Track C – Portfolio Management Building A Diverse Portfolio

2:30 pm - 2:50 pm Fixed Income – Case Study How to capitalise on overlooked sub-trends in the bond market today that will make the decisive difference to your performance over the next 12 months?
Robert Tipp - Managing Director, Chief Investment Strategist, PGIM
- What will be the winning strategies — will credit revive, or is it too late in the cycle?
- Are there opportunities left in duration and yield curve, or will volatility die with the major central banks on hold?
- How can you apply ‘out of the box’ thinking to generate returns for your investors in an increasingly complex environment?

 
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Robert Tipp

Managing Director, Chief Investment Strategist
PGIM

- What are the most attractive opportunities in fixed income markets for 2019?
- Fixed income interest rates: Should you be bracing for impact?
- How does your portfolio construction process balance risk and relative value?  How do you define risk (capital at risk, absolute return, MTM vs. benchmark, defaults) and how has this changed over the past year?
- What new activities should you be doing now as part of your investment process that you weren’t doing 18 months ago? 

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Marc Chandler

Head of FX Strategy
Brown Brothers Harriman

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Art DeGaetano

Founder & Chief Investment Officer
Bramshill Investment

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Mike Huff

Director of Portfolio Management and Asset Allocation
TIAA CREF

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Leslie Falconio

Senior Fixed Income Strategist, Head of Tactical Fixed Income Allocation
UBS Wealth Management

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Henley Smith

Senior Vice President
Vanderbilt Asset Management

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Jennifer Hartviksen

CFA, Senior Portfolio Manager, Global High Yield Head of Canada Fixed Income
Invesco

Track C – Portfolio Management Building A Diverse Portfolio

3:30 pm - 3:50 pm Multi-Asset Fixed Income -360 Fireside chat: How can you use lessons from recent geo-political uncertainty to best handle the unbalanced risks associated with major events in 2019 and beyond?
Marc Chandler - Head of FX Strategy Brown Brothers Harriman Steve Gallagher - US Chief Economist & Head of Research, AMER, Societe Generale Robert Daly - Global Head of Fixed Income, Glenmede Investment Management Ben Emons - Head of Portfolio Management, Intellectus Partners Elaine Stokes - Portfolio Manager, Loomis, Sayles & Company
- Interest rate and economic growth differentials: What impact will this have on financial flows and what does this mean for your fixed income business over the next 12 months?
- Fed rate-hiking cycles- Where are we now and what is the forecast for the year ahead?
- How will FED rate hikes and the potential for monetary policy convergence globally impact the strength of the USD?
- What role can FI play in a potentially lower return environment as a result of rate hikes and how can you acclimatize to this new environment?

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Marc Chandler

Head of FX Strategy
Brown Brothers Harriman

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Steve Gallagher

US Chief Economist & Head of Research
AMER, Societe Generale

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Robert Daly

Global Head of Fixed Income
Glenmede Investment Management

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Ben Emons

Head of Portfolio Management
Intellectus Partners

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Elaine Stokes

Portfolio Manager
Loomis, Sayles & Company

Track C – Portfolio Management Building A Diverse Portfolio

3:50 pm - 4:10 pm Multi-Asset Fixed Income - Case Study Protecting your "ACL": How to balance alpha, credit risk & liquidity in your portfolio in volatile markets
Erin Lyons - Co-Head US Investment Grade Credit and US Credit Strategist, CreditSights
-How can perceptions of liquidity affect name selection in a portfolio?
- How have recent market structure developments impacted allocation across sector and rating tiers?
- Assessing the impact of the credit cycle on liquidity trends and what you can to do stay ahead of the curve 
- Understanding the use of models in identifying trends in both credit quality and market liquidity
- How do investors assess the trade off between alpha generation and market liquidity?

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Erin Lyons

Co-Head US Investment Grade Credit and US Credit Strategist
CreditSights

Track D – Securities New eTrading Frontiers In Securitized Products

2:30 pm - 3:10 pm Mortgage Backed Securities – Fireside chat How to leverage new technological innovation to manage TBA and specified pool portfolios in a more effective and efficient way *CHATHAM HOUSE RULES*
Nick Steinbach - Co-Head of Fixed Income Trading, AQR Colm Murtagh - Managing Director and Head of U.S. Institutional Rates, Tradeweb
- A decade on from the financial crisis, how has the TBA market evolved and how are risks being effectively mitigated?
- How are venues increasing the buy side access to liquid and boosting pre-trade transparency in the TBA mortgage market?
- What technology innovation is being leveraged in the TBA mortgage market and how can you incorporate this on your desk?
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Nick Steinbach

Co-Head of Fixed Income Trading
AQR

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Colm Murtagh

Managing Director and Head of U.S. Institutional Rates
Tradeweb

Track D – Securities New eTrading Frontiers In Securitized Products

2:50 pm - 3:30 pm Mortgage Backed Securities – Fireside Chat How has the Single Security Initiative offer enhanced workflow and liquidity benefits with UMBS and ‘Supers’?
Liz Scholz - Managing Director, Office of Strategic Initiatives FHFA
- How can you continuously stay on top of the transition to a combined ‘Uniform Mortgage-Backed Security’ (UMBS) TBA market and the a ssociated milestones?
- Assessing the key milestones: Forward trading, new guarantor contracts, opening of exchange, and the first new UMBS issuance and settlement
- How are the labelling and naming conventions for both TBA and non-TBA eligible securities changing and how should you update your systems and processes to stay ahead of the curve?
- How can you continue to prepare for the key changes around disclosures in order to properly track and analyze your holdings, including those for exchange activity, mirror securities, and the 10 days’ delay float compensation?

Liz Scholz

Managing Director
Office of Strategic Initiatives FHFA

Track D – Securities New eTrading Frontiers In Securitized Products

3:30 pm - 4:10 pm Municipal Bonds - Panel The rise of the machines: How is the municipal bond process being captured, digitalized and electronified to offer enhanced workflow and execution efficiencies?
James Switzer - Head of Credit Trading, Alliance Bernstein Lynette Kelly - Executive Director, MSRB
- Assessing the short-term trends affecting municipal bonds
- How to leverage new technology and capabilities to keep up with this highly diversified and ever-changing market
- What are the top three drivers pushing eTrading across municipal bond markets?
- The trend towards index investing: How have ETF’s increasingly democratized access to the municipal bond market?
- Correlation between rates and municipal bonds post financial crisis: Does higher interest rates have a negative or positive impact for investors?

Live polling and interactive audience Q&A during this session   
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James Switzer

Head of Credit Trading
Alliance Bernstein

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Lynette Kelly

Executive Director
MSRB

Track E – Workshop Open to a maximum of 20 buy side

2:30 pm - 3:10 pm Algos Workshop Exploring the inner-workings of fixed income algos: How do they work and how can your firm leverage them?
David Parker - Head of Sales, MTS Markets
- Debunking the myths: How exactly do algos work, and can they work together with your current eTrading capabilities?
- Algo in a box: How are machine learning and market data sources being combined? 
- Assessing the current use cases and performance of algos in fixed income: Where are they now and how will they evolve to offer enhanced computerized trading opportunities?
- The future: What is the potential for algorithmic trading and how can it increase buy side efficiency beyond best execution?

David Parker

Head of Sales
MTS Markets

4:10 pm - 4:40 pm Afternoon Refreshment Break

Exclusive Invite Only Buy Side Head Trader Think Tank

4:10 pm - 5:00 pm How can the buy side better collaborate to drive mutually beneficial initiatives forward?
Brian R. Mandirola, Executive Vice President, Head of Trading, Rates & Macro, Derivatives & Hedging, HIMCO
16:30-17.30: : Private drinks reception hosted by Jane Street

Tracks

Track A – Credit Enhancing Your Pre And Post Trade Workflow

4:40 pm - 5:20 pm Panel - How can you ensure your best execution strategy does not just tick a regulatory box but gives you a competitive advantage in the market?
Kenneth Monahan - Senior Analyst Greenwich Associates Meredith Shifman - Head of Trading Governance, Morgan Stanley Investment Management Greg Heller - Director of Global Fixed Income Trading, MFS Kevin Rauseo - Head of Credit Trading, AQR Capital Management David Murray - Chief Business Development Officer, Corvil

- Approaching best execution globally: How do you scale your solutions globally and what are the challenges and benefits in doing so?
- An automated future: How can you establish a best execution strategy to allow your traders to focus on the high touch business? 
- Establishing a best execution policy around automation: How can you define a set of criteria for your low touch trading to allow your traders to focus on the high touch business?
- What architecture and enabling technologies can you implement to give you a more transparent view of FICC markets? 
- Moving beyond a price: How is the evolution of best execution progressing in more electronic markets?

Kenneth Monahan

Senior Analyst
Greenwich Associates

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Meredith Shifman

Head of Trading Governance
Morgan Stanley Investment Management

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Greg Heller

Director of Global Fixed Income Trading
MFS

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Kevin Rauseo

Head of Credit Trading
AQR Capital Management

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David Murray

Chief Business Development Officer
Corvil

Track A – Credit Enhancing Your Pre And Post Trade Workflow

5:20 pm - 5:40 pm Interview - How to evaluate hedging tools for managing corporate credit risk to ensure you have the best hedge in the current landscape
Dan Barnes - Writer The DESK Matt McFarland - Head of Futures, Cboe Global Markets
-          What are the pros and cons of various credit risk hedging tools, including ETFs, credit default swaps, and corporate bond index futures?
-          What is the liquidity landscape for these products and when does it matter most?
-          How should you compare costs?
-          How do these products correlate to the risk you’re trying to hedge?

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Dan Barnes

Writer
The DESK

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Matt McFarland

Head of Futures
Cboe Global Markets

Track B – Rates Prospering In The New Clearing Landscape

4:40 pm - 5:20 pm Panel - Assessing the implications of moving from LIBOR to an alternative benchmark: How can you as smoothly as possible shift your entire legacy contracts into this new format?
Audrey Blater - Senior Analyst Aite Group James Wallin - Senior Vice President, Fixed Income, Alliance Bernstein Tracy Rucker-Wilson - Head of U.S, Vanguard’s Fixed Income Derivatives Subadra Rajappa - Head of US Rates Strategy, Societe Generale
- Assessing the new indices and alternatives benchmarks to LIBOR and their effectiveness of reducing fragmentation 
- The practicalities of benchmark reform: How have regulators handled this and what are the timelines for change?
- How do reference rates differ from each other and how do the respective policies differ across jurisdictions? 
- The implications of moving to an alternative benchmark: What will this mean for legacy contracts and how will you shift all of this business into a new format? 
- What will be the impact outside the rates desk and impact credit and bank loans?

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Audrey Blater

Senior Analyst
Aite Group

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James Wallin

Senior Vice President, Fixed Income
Alliance Bernstein

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Tracy Rucker-Wilson

Head of U.S
Vanguard’s Fixed Income Derivatives

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Subadra Rajappa

Head of US Rates Strategy
Societe Generale

Track B – Rates Prospering In The New Clearing Landscape

5:20 pm - 5:40 pm Case Study: The outlook for clearing post Brexit: Where will the dominant clearing hub be in the next 5 years and how will this effect your US & global desk?
Audrey Blater - Senior Analyst Aite Group Christian Dopp - Senior Vice President in Fixed Income Sales, Eurex
- Assessing the implications on the way  in which you clear your global trades going forward
- How will Brexit and the UK break up from the EU impact your use of derivative clearing services in the UK? 
- Assessing the impacts of clearing fragmentation between London, US and Europe and what that means for the industry
- The push for power: Where will the dominant clearing hub be in 5 years time and how will the current landscape differ?

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Audrey Blater

Senior Analyst
Aite Group

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Christian Dopp

Senior Vice President in Fixed Income Sales
Eurex

Track C – Portfolio Management Alternative Investment Opportunities

4:40 pm - 5:20 pm Panel - Assessing the role of ETFs in volatile markets: How can you best approach ETFs during times of volatility and use them to your advantage to capitalize on market movements?
Ari Burstein - President Capital Markets Strategies Peruvemba Satish - Senior Vice President & Portfolio Manager, Global Analytics, American Century Investments Jarred Sherman - Managing Director, Fixed Income Portfolio Manager, JP Morgan Asset Management Brandon Matsui - Portfolio Manager, DWS
- Have ETFs had an impact on market volatility and is this impact positive or negative?
- Assessing the levels of trading and liquidity on US fixed income ETFS 
- ETFs vs volatility: What role should they play in an investment portfolio to minimize disruption?

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Ari Burstein

President
Capital Markets Strategies

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Peruvemba Satish

Senior Vice President & Portfolio Manager, Global Analytics
American Century Investments

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Jarred Sherman

Managing Director, Fixed Income Portfolio Manager
JP Morgan Asset Management

Brandon Matsui

Portfolio Manager
DWS

Track C – Portfolio Management Alternative Investment Opportunities

5:20 pm - 5:40 pm Interview - The evolution of ETF ecosystem: Who are the major players in the current fixed income landscape and how are they interacting with the rest of the value chain to offer you a tailored service?
Ari Burstein - President Capital Markets Strategies Rick Harper - Head of Fixed Income and Currency, Wisdomtree Asset Management Paul Kim - Managing Director and Portfolio Manager, Principal Global Investors Ugo Egbunike - Sr. Vice President, Credit Trading, Millennium Advisors
- ETF market interaction: How do issuers, dealers and managers all interact with each other and what services should each be providing? 
- How is the consistent growth of fixed income ETFs offering new opportunities for fixed income investors?
- Electronic trading of ETFs: How are market makers and banks adapting to the electronification of ETF products and how are they bringing them to market?
- The execution of fixed income ETFs:  What are the right tools you need to efficiently trade ETFs with the street?
- Evaluating the ETF ecosystem: Who is best placed to help you tap into this investment opportunity?

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Ari Burstein

President
Capital Markets Strategies

Rick Harper

Head of Fixed Income and Currency
Wisdomtree Asset Management

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Paul Kim

Managing Director and Portfolio Manager
Principal Global Investors

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Ugo Egbunike

Sr. Vice President, Credit Trading
Millennium Advisors

Track D – Workshop Open to a maximum of 20 buy side

4:40 pm - 5:20 pm TCA Workshop Establishing your path to best execution: How to optimise trader workflow from price discovery to TCA
Daniel Eckstein - Head of eFixed Income Distribution - Americas, Barclays Michael Noto - Fixed Income Ecommerce- Markets Strategic Investments, Barclays
- Assessing the results from the BARX Rates Electronic Considerations and Preferences North American Client Survey (Feb 2019): Evaluating feedback on execution preferences, broker selection and measuring execution quality
- How to manage your fixed income orders given the proliferation of new products, protocols and venues
- Reviewing core objectives when constructing a best execution methodology
- A look to the future: How effective are existing TCA capabilities and how can these be improvedpen

Daniel Eckstein

Head of eFixed Income Distribution - Americas
Barclays

Michael Noto

Fixed Income Ecommerce- Markets Strategic Investments
Barclays

Track E – Workshop Open to a maximum of 20 buy side

4:40 pm - 5:20 pm Workshop - The future of the new issuance: How can this process transform over the next 5 years to move towards the goal of electronification and standardization?
Herb Werth - Managing Director, IPREO Alex Sedgwick - Industry Expert, T. Rowe Price
- An update on the state of the primary market: How is the buy and sell side appetite increasing to promote efficiency of the new issuance process?
- What can be done to push a behavioural change across the market to help all market players adapt to standardization while retaining their competitive advantage?
- How can new automated technology such as blockchain be used to reduce the load of this highly manual and labour intensive process?
- The future of the new issuance process: How does this need to change over the next 5 years to become more efficient for all parties involved?

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Herb Werth

Managing Director
IPREO

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Alex Sedgwick

Industry Expert
T. Rowe Price

5:40 pm - 6:10 pm In Conversation With… General David Petraeus, Former Director of the CIA, US Army General A cold war against China, Saudi Arabia and the increasing military budget: How to unbundle a current US foreign policy that is neither coherent or comprehensive

6:10 pm - 6:15 pm Conference close

6:15 pm - 7:45 pm Fixed Income Leaders Summit Cocktail Drinks Reception