Fixed Income Future Leaders USA 2017

May 16-May 18, 2017

Westin Copley Place - Boston

44 (0)207 368 9330

Philip Cichlar

Head of ETF Sales and Trading
Jane Street

<p>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.  </p>
<p>Phil played an instrumental role in building out Jane Street’s bond trading desk and is an expert in electronic bond trading and the market structure related to it. He is Jane Street’s primary point of contact for venues and electronic trading for the corporate bond market. </p>
<p>Prior to Jane Street Phil spent over 5 years as a trader and heading capital management at BlueMountain Capital. He also spent several years at both Deutsche Bank and BNP Paribas as a credit and rates middle office manager. </p>
<p>Phil holds a Master of Business Administration degree from Fordham Gabelli School of Business in New York.</p>

Day 1- Wednesday May 17th 2017

15:50 PM Workshop: Your A-Z guide on fixed income ETFs- How can you incorporate ETFs in your portfolio to give you increased liquidity and exposure?

  • 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?

Day 2- Thursday 18th May 2017

23:40 PM Industry Perspective: Debunking Myths about Trading Fixed Income ETFs- An introduction to fixed income ETFs and how they work

  • Myth 1 - Trading - FI ETFs are more expensive to trade than bonds
  • Myth 2 - Dislocations - FI ETFs stop working during times of market distress
  • Myth 3 - Liquidity - What you see on screen is what you get