November 10 - 11, 2010
Grand Hyatt, Singapore

Main Conference Day One - Wednesday 18 November

08.00 - Registration and Morning Coffee
Registration and Morning Coffee
08.30 - Conference Opening Remarks
Conference Opening RemarksAndrew ThakePortfolio Director Asia Pacific and Middle EastWBR
08.40 - Chair's Opening Remarks And Start of Morning Plenary Session
Adam Sussman, Director Of Research, The Tabb Group
We welcome renowned consultancy The Tabb Group as plenary chair for this year's TradeTech Asia. Adam Sussman, who was named director of research in January 2008, joined TABB Group in 2005 as a research analyst after serving as a senior product manager responsible for order management systems, routing and next-generation trading tools focused on the equities and options markets at Ameritrade, Inc.
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Adam Sussman
Director Of Research, The Tabb Group

Adam Sussman, named director of research in January 2008, joined TABB Group in 2005 as a research analyst after serving as a senior product manager responsible for order management systems, routing and next-generation trading tools focused on the equities and options markets at Ameritrade, Inc., a brokerage industry subsidiary of Ameritrade Holding Corporation (NASDAQ:AMTD). Adam joined Ameritrade [read more]
08.50 - KEYNOTE ECONOMIC ADDRESS
Marc Faber, CEO, Marc Faber Limited
Marc Faber, Author, "Boom, Doom and Gloom Report"

Dr Faber publishes a widely read monthly investment newsletter “THE GLOOM BOOM & DOOM” report which highlights unusual investment opportunities, and is the author of several books including “TOMORROW’S GOLD – Asia’s Age of Discovery” Dr. Faber is also a regular contributor to several leading financial publications around the world. A regular speaker at various investment seminars, Dr Faber is well known for his “contrarian” investment approach.

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Marc Faber
CEO, Marc Faber Limited

Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From [read more]
09.40 - Redefining Counterparty Risk And Risk Management In Trading In 2009: How Are Broker Selection And Review Policies Being Affected By The Increasing Importance Attached To Risk?
Gabe Butler, Head of Equities, ITG
Roger Chiman, Managing Director, Scion Investment Management
Todd Prado, Head of Asian Trading, Janus Capital
Kent Rossiter, Head of Trading Pacific, RCM
Lehmans' collapse brought risk and counterparty risk to the forefront of everyone's agenda. However, how does the concept of risk management translate into practice? And how has it affected the current status of broker selection and review policies in Asia? This panel examines:
  • Defining and measuring execution risks and how they impact the buy and sell side
    • mitigating execution risk and identifying practical steps that can be taken
    • utilising VWAP (Volume Weighted Average Price) and IS (Implementation Shortfall) as conceptual frameworks for minimizing timing and impact
  • Implementing better integrated front - back office systems to reduce risk
  • Developing an effective trading infrastructure to maintain and enhance real time risk management
    • what tools are there available to achieve transparency and effective equity analytics?
  • Identifying and managing the range of counterparty risk that a trading desk encounters in trading equities, options and other instruments
    • understanding whether there are additional counterparty risks of trading off exchange and if so what contingencies can be taken
    • how does counterparty risk impact stock lending?
    • is there a trade off between counterparty risk and culling broker lists?
    • does cutting off brokers as a way of saving costs make sense as a strategy?
  • Determining and assigning risk both internally and externally
Moderator:
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Gabe Butler
Head of Equities, ITG

Gabriel Butler is Director and Head of Equities for ITG in Hong Kong. As such, he oversees ITG's Asian markets trading operations and works closely with clients to determine optimal trading strategies and provide trading and analysis tools to improve execution performance. Prior to this position, he was Senior Vice President of ITG Algorithms Trading, Analysis & Research in the U.S. Before joi [read more]
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Roger Chiman
Managing Director, Scion Investment Management

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Todd Prado
Head of Asian Trading, Janus Capital

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Kent Rossiter
Head of Trading Pacific, RCM

Kent joined RCM in May 1999 as the Head of Regional Asia Pacific Trading and is based in Hong Kong, which is one of RCM's three global trading desk. As at end of 2008, RCM managed approximately US$85bn and is part of the Allianz Group that has assets under management in excess of US$1 trillion. From 1996 until 1999, Kent was the Deputy General Manager of Asian Equity Sales at Nikko Securities. Pri [read more]
10.20 - Creating Competitive Advantage For The Buy Side Trader
Seth Merrin, Founder, Liquidnet
Seth first came to prominence as founder of Merrin Financial and their groundbreaking electronic order-management software. After selling Merrin Financial created Liquidnet, one of the pioneers in dark pool offerings. In this visionary presentation Seth discusses:
  • Moving the trader up the value curve of the investment process
  • Sustaining competitive advantage for the buy side trader
  • Future predictions for the buy side landscape
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Seth Merrin
Founder, Liquidnet

10.50 - Morning Networking Break And Opportunity To View Exhibition
Morning Networking Break And Opportunity To View Exhibition
11.30 - Trading The New Global Liquidity Landscape In 2009
John Lowrey, Chief Executive Officer, Chi-X Global
We now turn attention to the global picture. The rise of ATVs (Alternative Trading Venues); increasing fragmentation, the impact (or lack of) of MiFiD - all of these developments have altered the liquidity landscape but what does this mean for Asia? For this address we are delighted to welcome John Lowrey. When he speaks at our TradeTech Europe event, he is consistently one of the top ranked speakers and we're delighted to welcome him to TradeTech Asia to examine:
  • Accessing and attracting liquidity in the new trading landscape
  • Where is the evidence that new liquidity is flowing?
  • Determining which regulated markets and MTFs (multilateral trading facilities) are attracting the most liquidity
  • Analysing the impact of dark pools - has their use been as predicted?
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John Lowrey
Chief Executive Officer, Chi-X Global

12.00 - Panel Discussion: Getting The Most From Your Dollar - Evaluating The Success Of Unbundling And Commission Sharing Agreements In Asia
Mark Burges Watson, Chief Operating Officer, Japaninvest
Tom Conigliaro, Global Head of Thirty Party Research and Brokerage, Goldman Sachs
Jon Evans, Head of Trading, JP Morgan Asset Management
Matt McKeith, Head of Equity Dealing, First State Investments
Suresh Suppiah, Pan Asian Head of Third Party Research and Brokerage, Goldman Sachs
Are CSAs working? Have they helped with best execution or are they one big administrative headache? To debate this we are joined by leading practitioners to discuss how to make the most from your commission dollar:
  • Overcoming the operational challenges of rolling out CSAs
    • what methodologies can be applied to determine what values to ascribe to research as opposed to execution?
    • examining the merits of the panel system approach
    • reviewing soft dollar vs hard dollar approaches
  • Evaluating how best to concentrate your dollars
    • high vs medium vs low touch
    • Have the buy side increased or decreased their broker lists in light of CSAs set against a background of thinner trading volumes?
    • Identifying the additional problems of applying unbundling across asset classes
    • Determining the popularity of unbundling in Asia beyond the major international asset management companies
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Mark Burges Watson
Chief Operating Officer, Japaninvest

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Tom Conigliaro
Global Head of Thirty Party Research and Brokerage, Goldman Sachs

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Jon Evans
Head of Trading, JP Morgan Asset Management

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Matt McKeith
Head of Equity Dealing, First State Investments

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Suresh Suppiah
Pan Asian Head of Third Party Research and Brokerage, Goldman Sachs

12.40 - Networking Lunch And Opportunity To View Exhibition
After lunch we break the conference down into streams. At TradeTech we want to ensure that there is always something in the agenda for everyone - the streams enable you to tailor a personalized agenda that meets the specific needs of you and your team.
18.00 - TradeTech Asia Cocktail Reception
TradeTech Asia Cocktail Reception
Stream D: Continue Here