Fixed Income Leaders USA 2024
June 12 - 14, 2024
Omni Boston Hotel at the Seaport
Agenda Day 1 - Wednesday June 19th 2019
7:20 am - 8:15 am
Conference Registration & Networking Breakfast
8:15 am - 8:20 am
Welcome Address: Lauren Harrison, Editorial Director, Fixed Income Leaders Summit
8:20 am - 8:25 am
Chairperson’s Opening Remarks
Kevin McPartland -
Head of Market Structure Research,
Greenwich Associates
KEEPING ON TOP OF NEW PARADIGM SHIFTS
8:25 am - 9:00 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?
Kevin McPartland -
Head of Market Structure Research,
Greenwich Associates
Dan Veiner -
Global Head of Fixed Income Trading,
Blackrock
- 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?
9:00 am - 9:40 am
All Star Panel - The paradigm shift in Fixed Income: How are changes in market structure, liquidity and new products redefining the way you interact with your counterparts across the value chain?
Kevin McPartland -
Head of Market Structure Research,
Greenwich Associates
Marc Wyatt -
Global Head of Trading,
T. Rowe Price
Sonali Pier -
Executive Vide President,
PIMCO
Richard Schiffman -
Head of Open Trading,
MarketAxess
Haider Ali -
Head of U.S. Treasury Trading,
RBC Capital Markets”
Paul Kaplan -
Global Head of Credit, Equities, TRS, and Price Transparency,
Bloomberg L.P.
-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
9:40 am - 10:20 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
Susan Estes -
Founder, President & CEO,
OpenDoor Securities
David Parker -
, Head of MTS Markets International,,
MTS Markets
Shari Noonan -
CEO,
Rialto Trading
Elisabeth Kirby -
Managing Director, Head of U.S. Rates Strategy and Product Management,
Tradeweb Markets LLC
Gregory Garofolo -
Head of Electronic Rates Product Strategy and Distribution,
Credit Suisse
- 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
Elisabeth Kirby
Managing Director, Head of U.S. Rates Strategy and Product ManagementTradeweb Markets LLC
Gregory Garofolo
Head of Electronic Rates Product Strategy and DistributionCredit Suisse
10:20 am - 10:50 am GAME ON! Refreshment Break
10:20 am - 10:50 am Morgan Stanley Exclusive Invite Only Workshop
10:50 am - 11:10 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.
Robin Dreeke
Former FBI Special Agent, & Chief of the Counterintelligence Behavioural Analysis Program.
THRIVING IN A TECHNOLOGY DRIVEN LANDSCAPE
11:10 am - 11:30 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
Jim Switzer -
Global Head of Municipals,
AllianceBernstein
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?
11:30 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
Tracy Rucker-Wilson -
Head of U.S,
Vanguard’s Fixed Income Derivatives
Russell Budnick -
Head of Taxable Fixed Income,
JP Morgan WM
Scott Eaton -
CEO,
Algomi
Ruben Costa-Santos -
Head of FX and Fixed Income,
Virtu Financial
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?
12:10 pm - 12:30 pm
Fireside Chat - Leveraging Technology to Capture Opportunity in an Evolving Market
Chris Concannon -
President and COO,
MarketAxess
Amy Hong -
Global Head of Market Structure,
Goldman Sachs
Chris Concannon -
President and COO,
MarketAxess
12:30 pm - 12:50 pm
Innovation Keynote - NNew frontiers in fixed income automation: How to leverage intelligent algorithms to improve execution slippage, reduce your footprint and enable your traders to focus on other tasks
Robert Almgren -
Co-Founder,
Quantitative Brokers
It's time to take algorithms from buzz word to everyday reality for cash fixed income trading. Join Robert, a long time industry leading pioneer and thought leader in execution algorithms and analytics.
- How can algorithms be used on your fixed income trading desk so your traders can focus on more value added tasks?
- Use of algorithms in on the run cash treasury markets: What is the present and future state?
- Assesinng the pros and cons of RFQs vs. Order Books
- Data and analytics: How is this part of the pursuit of best execution in fixed income?
12:50 pm - 1:20 pm
In conversation with… Are the current methods of Fixed Income TCA sufficient enough to offer adequate execution analysis for fixed income products?
Miles Kumaresan -
Global Head of Trading & Fintech,
Nordea Asset Management
Alex Budny -
Global Head of Trade Analytics,
SSGA
Vidya Guruju -
Product Manager, CFA,
Charles River Development
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 most controversial topics in your industry. Who will deliver the knockout argument to claim victory? Take your place and vote.
Lee Sanders
Head of Execution FX and UK & Asia Fixed Income TradingAXA Investment Management
1:20 pm - 2:20 pm Philly Lunch Break
Meet & Greet Lunch & Networking For All Attendees
1:20 pm - 2:20 pm Buy-Side Only Luncheon: US Treasury Trading Workshop
Hosted by Credit Suisse: Leveraging new trading protocols and data to improve execution quality
1:20 pm - 2:20 pm State Street Global Advisors SPDR Invitation Only Buy Side Lunch
Tracks
Stream Chair: Kenneth Monahan, Greenwich Associates
Track A – Credit New Avenues To Credit Liquidity
2:20 pm - 3:00 pm Panel - Navigating liquidity fragmentation: How to use different trading protocols to maximize your access to liquidity *CHATHAM HOUSE RULES* Kenneth Monahan - Senior Analyst, Greenwich Associates Mike Nappi - Vice President, Investment Grade Corporate Bond Trading, Eaton Vance Michel Dimitri - Global Head of Leverage Credit Trading, Goldman Sachs Asset Management Andrew Mogavero - Managing Director, Head of US Credit Trading, Barclays Chris Bruner - Managing Director and Head of U.S. Credit Product, Tradeweb Mike Sobel - President, Trumid- 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 AnalystGreenwich Associates
Track A – Credit New Avenues To Credit Liquidity
3:00 pm - 3:20 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 Anthony Cucinotta - Head of Trading, Capital Advisors Group Jeff Zavattero - Head of Fixed Income Sales & Trading, SMBC Nikko Securities America- 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 AnalystGreenwich Associates
Track A – Credit New Avenues To Credit Liquidity
3:20 pm - 4:00 pm US Treasuries Corporate Bonds - 360 Perspective - High touch vs. low touch trading: How can you embrace an automated future to improve workflow efficiencies and focus trader resources where they are truly needed? Dan Barnes - Editor, The DESK David Krein - Global Head of Research, MarketAxess Jamie Anderson - Head of US Trading, Insight Investment Christopher A. Coccoluto - Head of Investment Grade Bond Trading, Manulife Asset Management Ivan Mijov - Head of Buy-side Fixed Income EMS, AxeTrading- 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?
Stream Chair: Zack Ellison, CFA, CAIA, Head of Development, Applied Real Intelligence LLC
Track B – Rates Adapting To A New Era Of Rates eTrading
2:20 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 Zack Ellison, CFA, CAIA - Managing General Partner, A.R.I. Venture Capital Anne Mathias - Head of Global Macro, Interest Rates, and Foreign Currency, Vanguard Anne Walsh - CIO, Fixed Income, 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?
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 Mark Bruce - Head of FICC, Jump Trading Group Steven Bartfield - Head of Strategy, BrokerTec, CME Group-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
Track B – Rates Adapting To A New Era Of Rates eTrading
3:30 pm - 4:00 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 - Managing General Partner, A.R.I. Venture Capital Alexander Bouzalis - Executive Director, Morgan Stanley Investment Management Michael H. Koegler - CEO, Market Alpha Advisors LLC- 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?
Stream Chair: Marc Chandler, Chief Market Strategist, Bannockburn Global Forex
Track C – Portfolio Management Building A Diverse Portfolio
2:20 pm - 2:45 pm Multi-Assed 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?
Track C – Portfolio Management Building A Diverse Portfolio
2:45 pm - 3:10 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, CreditSightsCreditSights’ US Strategist Erin Lyons discusses how credit market investors have responded to recent market structure developments that have affected risk appetite, liquidity and the composition of the market. Drawing from examples of CreditSights’ proprietary models, she demonstrates the value of balancing fundamental analysis with quantitative tools to optimize portfolio performance.
Track C – Portfolio Management Building A Diverse Portfolio
3:10 pm - 4:00 pm Multi-Asset Fixed Income - 360 Panel 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 - Market Strategist, Bannockburn Global Forex Lee Ferridge - Senior Managing Director, Head of Multi-Asset Strategy, The Americas, State Street Global Markets Steve Gallagher - US Chief Economist & Head of Research, AMER, Societe Generale Robert Daly - Director of Fixed Income, Glenmede Ben Emons - Head of Portfolio Management, Intellectus Partners Elaine Stokes - Portfolio Manager, Loomis, Sayles & Company
Lee Ferridge
Senior Managing Director, Head of Multi-Asset Strategy, The AmericasState Street Global Markets
Stream Chair: Dan Scholl, Independent Expert
Track D – Securitized Products & Munis New eTrading Frontiers
2:20 pm - 2:40 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* Dan Scholl - Independent Expert, Delaware.gov 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?
Dan Scholl
Independent ExpertDelaware.gov
Track D – Securitized Products & Munis New eTrading Frontiers
2:40 pm - 3:00 pm MBS - Industry Innovation: Applying big data and AI to securitized products: How can you leverage both capabilities on your desk to manage risk and capture growth opportunities? David Zhang - Managing Director, Head of Securitized Products Research, MSCI
Track D – Securitized Products & Munis New eTrading Frontiers
3:00 pm - 3:20 pm Agency Mortgage Backed Securities - Fireside Chat: Market volatility, the FED and rate hikes: How to leverage AMBS to diversify your portfolio and manage risk potential Dan Scholl - Independent Expert, Delaware.gov John Kerschner - Head of US Securitized Products, Janus Henderson- 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?
Dan Scholl
Independent ExpertDelaware.gov
John Kerschner
Head of US Securitized ProductsJanus Henderson
Track D – Securitized Products & Munis New eTrading Frontiers
3:20 pm - 3:40 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 FHFALiz Scholz
Managing DirectorOffice of Strategic Initiatives FHFA
Track D – Securitized Products & Munis New eTrading Frontiers
3:40 pm - 4:00 pm Municipal Bonds - Fireside chat: The rise of the machines: How is the municipal bond process being captured, digitalized and electronified to offer enhanced workflow and execution efficiencies? Chris Ferreri - Chief Operating Officer, Hartfield, Titus and Donnelly Jim Switzer - Global Head of Municipals, AllianceBernstein 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
Track E – Workshop Open to a maximum of 20 buy side
2:20 pm - 3:15 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 MTS Markets International,, MTS Markets Kristina Fan - Founder and CEO, 7-Chord- 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?
Kristina Fan
Founder and CEO7-Chord
Track E – Workshop Open to a maximum of 20 buy side
3:15 pm - 4:00 pm 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 - Managing Director, Cross-Asset Market Structure, Barclays
4:00 pm - 4:30 pm FILS FIESTA! Networking Break
Exclusive Invite Only Buy Side Head Trader Think Tank
3:30 pm - 4:30 pm Exclusive Invite Only Buy Side Head Trader Think Tank - How can the buy side better collaborate to drive mutually beneficial initiatives forward? Brian Mandirola - Executive Vice President, Head of Trading, Hartford InvestmentBrian R. Mandirola, Executive Vice President, Head of Trading, Rates & Macro, Derivatives & Hedging, HIMCO
Brian Mandirola
Executive Vice President, Head of TradingHartford Investment
Exclusive Invite Only Buy Side Head Trader Think Tank
4:30 pm - 5:30 pm Private drinks reception hosted by Jane StreetTracks
Stream Chair: Kenneth Monahan, Greenwich Associates
Track A – Credit Enhancing Your Pre And Post Trade Workflow
4:30 pm - 5:10 pm Corporate Bonds - Credit Default Swaps. 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? *CHATHAM HOUSE RULE* 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 AnalystGreenwich Associates
Track A – Credit Enhancing Your Pre And Post Trade Workflow
5:10 pm - 5:30 pm Corporate Bonds - Credit Default Swaps. Interview - How to evaluate hedging tools for managing corporate credit risk to ensure you have the best hedge in the current landscape Dan Barnes - Editor, 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?
Stream Chair: Audrey Blater, Senior Analyst, AIte Group
Track B – Rates Prospering In The New Clearing Landscape
4:30 pm - 5:10 pm Listed Derivatives - OTC Derivatives. 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 Glenn Havlicek - Chief Executive Officer & Co-Founder, GLMX- 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?
Track B – Rates Prospering In The New Clearing Landscape
5:10 pm - 5:30 pm Listed Derivatives - 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?
Stream Chair: Ari Burstein, President, Capital Markets Strategies
Track C – Portfolio Management Alternative Investment Opportunities
4:30 pm - 5:10 pm Exchange Traded Funds - 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? *CHATHAM HOUSE RULE* 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?
Peruvemba Satish
Senior Vice President & Portfolio Manager, Global AnalyticsAmerican Century Investments
Brandon Matsui
Portfolio ManagerDWS
Track C – Portfolio Management Alternative Investment Opportunities
5:10 pm - 5:30 pm Exchange Traded Funds - 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 - Former 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?
Track D – Workshop Open to a maximum of 20 buy side
4:30 pm - 5:30 pm Corporate Bonds - New Issuance 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- 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?
5:30 pm - 5:40 pm
10 minute transition break
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
Interviewed By: Megan Greene, Global Chief Economist, Manulife Asset Management