20 - 21 November, 2013
Marina Bay Sands, Singapore

Main Conference Day 2

November 8th 2012

9.00 Chair’s opening remarks
Larry Tabb, Chief Executive Officer and Founder, The Tabb Group
Chair’s opening remarks
Larry Tabb

Larry Tabb
Chief Executive Officer and Founder, The Tabb Group

Larry Tabb is founder and CEO of TABB Group, the financial markets’ research and strategic advisory firm focused exclusively on capital markets. TABB Group analyzes and quantifies the investing value chain from the fiduciary, investment manager, broker, exchange and custodian, helping senior business leaders gain a truer understanding of financial markets issues. Founded in 2003 [read more]
9.05 Feedback session: Heads of Buy Side Roundtable
Kent Rossiter, Head of Asia Pacific Trading, RCM, Allianz Global Investors
Our  buy side moderator feedbacks to the audience some of the issues discussed in yesterday’s roundtables
Kent Rossiter

Kent Rossiter
Head of Asia Pacific Trading, RCM, Allianz Global Investors

Kent joined RCM in May 1999 as the Head of Regional Asia Pacific Trading and is based in Hong Kong, one of RCM’s three global trading desks. As at end of March 2012, Allianz Global Investors Group had assets under management in excess of EUR 295 bn. From 1996 until 1999, Kent was a Deputy General Manager of Asian Equity Sales at Nikko Securities. Prior to that, he was the Head o [read more]
9.25 TradeTech Global Sell Side Forum: Visions for the future of trading
Jose Marques, Global Head of Equity Trading and Managing Director, Deutsche Bank
Larry Tabb, Chief Executive Officer and Founder, The Tabb Group
Damian Hoult, Senior Managing Director, Global Head of Execution Services, Macquarie Securities
Brian Coffaro, Global Head of Product Development, Bloomberg Tradebook
Bill Bell, Global Head of Electronic Distribution, Barclays
  • How will the new world order change after the Euro crisis, US slow recovery and boom in emerging markets?
  • How are global companies changing their overall strategy and where will the new focus be?
  • What are the benefits of incoming regulation and how will it change the way we do business?
  • How does the industry still need to evolve? Does optimism or pessimism prevail?
Jose Marques

Jose Marques
Global Head of Equity Trading and Managing Director, Deutsche Bank

Global Head of Equity Electronic TradingAs a Global Head of Equity Electronic Trading, Mr. Marques oversees product development, distribution and marketing, and technology for the Equity components of the Autobahn platform. Jose Marques has 15 years of senior experience in electronic trading at firms including Credit Suisse, Morgan Stanley and Goldman Sachs. Mr. Marques holds a Ph. D. from the Uni [read more]
Larry Tabb

Larry Tabb
Chief Executive Officer and Founder, The Tabb Group

Larry Tabb is founder and CEO of TABB Group, the financial markets’ research and strategic advisory firm focused exclusively on capital markets. TABB Group analyzes and quantifies the investing value chain from the fiduciary, investment manager, broker, exchange and custodian, helping senior business leaders gain a truer understanding of financial markets issues. Founded in 2003 [read more]
Damian

Damian Hoult
Senior Managing Director, Global Head of Execution Services, Macquarie Securities

Damian joined Macquarie in Sydney in 2005 to build the Asia Pacific & Japan Portfolio Trading products. In 2006, Damian relocated to Hong Kong to spearhead the roll-out of Macquarie’s global portfolio and execution infrastructure.In 2010, Damian’s role expanded to include Global Execution Services, encompassing Portfolio Trading, Electronic Exe [read more]
Brian

Brian Coffaro
Global Head of Product Development, Bloomberg Tradebook

Brian Coffaro joined Tradebook in 2001 and was appointed global head of product development in 2010 responsible for all aspects of Tradebook’s equity, derivatives and algorithmic trading across all asset classes. In his prior position at Tradebook, he was responsible for the launch of Tradebook Futures in 2002 and the subsequent launch and product development of Tradebook Option [read more]
bill

Bill Bell
Global Head of Electronic Distribution, Barclays

Bill Bell is a Managing Director and Head of Equities Electronic Distribution at Barclays. Based in New York, Mr Bell is responsible for origination new equities electronic trading clients and developing customized solutions for existing clients. Prior to joining Barclays in 2008, he spent 15 years at Lehman Brothers, most recently as the Head of Equities Electronic Distribution, Americas. Mr. Bel [read more]
10.05 How can regulation help support the global recovery?
Ari Burstein, Senior Counsel, Capital Markets, ICI
As the financial world assesses what effect the implementation of MiFID II, the Volcker Rule, the Dodd- Frank Act and more will have on the industry we ask the question is there a risk that incoming regulation will prevent a global recovery? Can we guarantee that those implementing new regulations understand the markets and are acting for the good of the market as a whole? Is all new legislation valid or can it be argued that some are a knee jerk reaction to the financial crisis?
  • Is the industry in need of such an overhaul?
  • How successful are global regulatory approaches to reduce risk?
  • How can you best take advantage of regulation?
  • How can we be sure that regulators understand the complexities of the market?
  • Has our industry become self servicing, and if so, is there a justification for regulation?
ari

Ari Burstein
Senior Counsel, Capital Markets, ICI

Ari Burstein is the senior counsel for capital markets issues for the Investment Company Institute and ICI Global. In his role as Senior Counsel, Mr. Burstein is responsible for regulatory and policy issues impacting investment companies and investment advisers, particularly trading, market structure and brokerage related issues across the equities, fixed-income and derivatives markets, in the U.S [read more]
10.30 Networking break
Networking break
11.10 How are Asian exchanges re-defining themselves to promote the trading marketplace?
David Raper, General Manager, Trade Execution and Information services, Australian Securities Exchange
Steve Grob, Group Strategy Director, Fidessa
Masayuki Kato, Chief Representative, Singapore Office, Tokyo Stock exchange
Ravi Varanasi, Senior Vice President, National Stock Exchange of India
  • Have traditional exchanges been guilty of protecting their own commercial interests over the needs of their clients?
  • Will heavy investments in technology benefit traditional long onlys or are they purely designed for the HFT crowd?
  • Is there a risk exchanges will lose money through alientating long onlys through pursuing the attraction of HFT customers?
  • How are proposed exchange mergers and greater exchange integration going to make life easier for the buy side?
  • Are regulators guilty of over- protecting exchanges and is the very notion of traditional, country specific exchanges now outdated?
  • What should the role of the exchange be?
David Raper

David Raper
General Manager, Trade Execution and Information services, Australian Securities Exchange

David has responsibility for trade execution, information and technical services at ASX. This includes services such as TradeMatch and Centre Point as well as the ASX Australian Liquidity Centre (ALC) and ASX Net.
Steve Grob

Steve Grob
Group Strategy Director, Fidessa

Steve is responsible for Fidessa’s strategic development globally, including the development of new geographic markets, asset classes and strategic partnerships and driving new industry initiatives within Fidessa's community of over 26,000 buy and sell side users. As part of this Steve heads up the firm’s strategy in response to the changing trading landscape [read more]
Masayuki Kato

Masayuki Kato
Chief Representative, Singapore Office, Tokyo Stock exchange

Born in September 1966 in Japan, Mr. Kato graduated from Keio University in 1990 and entered the Tokyo Stock Exchange upon graduation. His professional career at the exchange includes various fields such as listing, settlement, derivatives and information services. In June 2004, Mr. Kato was appointed as the head of Index Business at TSE. He led the TSE’s index operations and ov [read more]
RaviVaranasi

Ravi Varanasi
Senior Vice President, National Stock Exchange of India

11.50 The New World Order: How are “emerging” markets establishing new links between themselves in light of the stuttering recovery of Europe and the US?
Ibrahim M. Turhan, Chief Executive Officer, Istanbul Stock Exchange
Matthias Rietig, Executive Advisor, Osaka Stock Exchange
V Bala, Chief Business Officer, Bombay Stock Exchange
TK Yap, Executive Director , OCBC Securities
The global recovery will be defined by how ‘emerging’ markets grow and develop in the years ahead. Both BRIC (Brazil, Russia, India, China) and CIVETS (Columbia, Indonesia, Vietnam, Egypt, Turkey, South Africa) countries cannot rely on dealings with established markets and so must force new trade agreements and working relationships with each other. Here we gather leading representatives of BRICs, CIVETS and other emerging economies to discuss future growth plans, new relationships and their predictions for the new world order
Ibrahim Turhan

Ibrahim M. Turhan
Chief Executive Officer, Istanbul Stock Exchange

Mr. Ibrahim M. Turhan, born in 1968 in Izmir-Turkey, graduated from Lycée de Galatasaray İstanbul (Galatasaray High School). In 1987, he entered Boğaziçi University, Faculty of Economics and Administrative Sciences, Department of Management.After successfully achieving his undergraduate degree, he joined the Institute for Bankin [read more]
MatthiasRietig

Matthias Rietig
Executive Advisor, Osaka Stock Exchange

Born in Frankfurt/Germany in 1977, Matthias started his professional career with Deutsche Boerse AG in 1998, first as a trainee and then served in various roles within the group. Matthias left Deutsche Boerse AG in 2003 for a short half year stint with Monex Securities Inc. in Tokyo, one of the leading Japanese online brokers. After returning to [read more]

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V Bala
Chief Business Officer, Bombay Stock Exchange

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TK Yap
Executive Director , OCBC Securities

Mr TK Yap, CFA, is Executive Director at OCBC Securities where he oversees institutional execution and electronic connectivity at the firm, as well as its regional dealing desk. His 25 years in the investment and securities business spans local and foreign firms, buy and sell sides, distribution and origination. His stockbroking background involved stints as head of research and head of sales of a [read more]
12.20 Why is FX Trading so hot right now?
Richard Coulstock, Head of Dealing, Eastspring Investments
Rob Scott, Direcotr, Head of Asset Management Operations, Asia Pacific Ex-Japan, Deutsche Asset Management
Christopher Brandon, Principal and Founder, Rhicon Currency Management
Alan Donoghue, Managing Director, Asia, Nyenburgh
Everyone is talking about FX trading at the moment. As more and more traders move into FX we ask where the demand is coming from. Has FX become the logical next step in the search for alternative liquidity? Is the industry as a whole comfortable with how equities are trading and so looks elsewhere? Which markets are the most attractive for Asian FX traders?
Richard Coulstock

Richard Coulstock
Head of Dealing, Eastspring Investments

Richard has been with Prudential Asset Management (Singapore) for just over 5 years and heads up a multi-asset team focusing mainly on Pan-Asia, but also with exposure to Latin American and Global emerging markets Prior to moving to Singapore, Richard worked for the Abu Dhabi Investment Authority (ADIA) for just over 4 years. Before that, he worked for Scottish Widows in Edinburgh
Rob Scott

Rob Scott
Direcotr, Head of Asset Management Operations, Asia Pacific Ex-Japan, Deutsche Asset Management

Rob Scott joined Deutsche Bank January 2009, as Regional Head of Asset Management Operations Engineering Asia Pacific & Middle East for Deutsche Asset Management (Asia) Limited. July 2009, Rob transferred into the Head of Asset Management Operations, Asia Pacific ExJapan role, includingOperations Coordination for Asia Pacific. Over 25 years, Rob has performed a range of roles throu [read more]
Christopher Brandon

Christopher Brandon
Principal and Founder, Rhicon Currency Management

Christopher Brandon is a principal and founder of Rhicon Currency Management. Mr Brandon began his career in 1995 at Swiss Bank Corporation in Geneva and thereafter in London as a foreign exchange dealer. He relocated to UBS Warburg Singapore in late 1998 as a proprietary trader and the senior technical analyst for Asia. In mid 2000 Mr Brandon co-founded Rhicon Currency Management in Singapore. Th [read more]
Alan Donoghue

Alan Donoghue
Managing Director, Asia, Nyenburgh

Alan Donoghue is based in Singapore as CEO of Nyenburgh Asia, a high frequency algorithmic trading company that specializes in market making primarily on cash markets. His global market experience spanning two decades, covering a wide range of asset classes & roles has given him the skills necessary for his current role as CEO in Asia. Being responsible for both trading WBR_AMPERSA [read more]
13.00 Networking lunch
Networking lunch
14.10 Driving down cost through a streamlined post trade lifecycle
Barnaby Nelson, Head of Client Development Asia, BNP Parbas
Front office demand has traditionally meant that resources have been aimed at pre-trade processes. However, with the post trade process in Asia painfully slow, unnecessarily complicated and exorbitantly expensive front office demand is now requiring the industry to simplify the post trade lifecycle and work together to lower post trade costs. We gather representatives from across the post trade spectrum to discuss what can, realistically be done to streamline the process and bring the cost down• Why are post trade costs so much higher in Asia and will they realistically come down? • What role must Asian exchanged adopt in tackling the post trade demands coming from the buy side?• How will the ASEAN link affect post trade in Asia?• Where does responsibility lie? What can the buy side do?• What technology can best be adopted to improve post trade efficiency?• What are we working towards? What does the idea post trade environment look like?
Barnaby Nelson

Barnaby Nelson
Head of Client Development Asia, BNP Parbas

14.40 From best execution to total lifecycle cost; redefining what constitutes a good trade in Asia
Takashi Hiratsuka, Chief Trader, Asset Management Division, Resona Bank
TK Yap, Executive Director , OCBC Securities
Viresh Joshi, Assistant Vice President, Chief Trader Equity, Axis Asset Management
Whilst it is easier to define in Europe and the US, best execution is an integral part of a desk’s trading strategy in Asia. However with so much fragmentation, regulation, higher costs across the life of the trade and lower liquidity, defining and acting with best execution becomes even more challenging. For example, given the challenges of trading in Asia does best execution become obtaining a lower price for a small amount or a higher price for a larger amount? Here we discuss the need to modify your best execution strategy across Asia and what technology you can utilize to support this. What costs can be driven out of the trade lifecycle through an improved focus on areas such as clearing, settlement, FX, custodian selection and identifying efficiencies?
Takashi Hiratsuka

Takashi Hiratsuka
Chief Trader, Asset Management Division, Resona Bank

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TK Yap
Executive Director , OCBC Securities

Mr TK Yap, CFA, is Executive Director at OCBC Securities where he oversees institutional execution and electronic connectivity at the firm, as well as its regional dealing desk. His 25 years in the investment and securities business spans local and foreign firms, buy and sell sides, distribution and origination. His stockbroking background involved stints as head of research and head of sales of a [read more]
Viresh Joshi

Viresh Joshi
Assistant Vice President, Chief Trader Equity, Axis Asset Management

15.20 What role does the sales trader play in the age of algos and how are changes to the sell side desk impacting upon the buy side?
Ryan Holsheimer, Head of Asia Pacific Equity Execution Service, Bank of America, Merrill Lynch
Derek McCole, Head of Equity Dealing, asia Pacific, Aberdeen Asset Management Asia
Stephen Isaacs, Chairman of the Investment Committee, Alvine Capital
Ian Cross, Senior Trader, Fidelity Investment Management
Anand Narayan, Senior Dealer, HSBC Global asset Management
With the growth in popularity of algo trading how must the sales trader evolve and what unique skills appeal to the buy side trader? As sell side firms streamline, what effect is a reduction in numbers having upon the way the buy side trade? • What changes has algo trading had on the sales trader?• Both algo and sales trading have their own risks: Which should you take a gamble on?• What trading preference does the buy side have for man vs machine and why?• How effective is having one point of contact on the sell side or are multiple contacts producing greater returns?• What are the strengths of globally centralized trading teams versus local/regional teams?
Ryan

Ryan Holsheimer
Head of Asia Pacific Equity Execution Service, Bank of America, Merrill Lynch

Ryan joined BofAML in August 2011 as Managing Director and Head of Asia Pacific Equity Execution Services. In that role he has responsibility for all client execution businesses in Equities including, Equity Sales Trading and Execution, Futures, Portfolio Trading, Electronic Trading and Derivative Sales. Prior to joining BofAML this year, he was at Goldman Sachs for ten years where he helped to bu [read more]
Derek McCole

Derek McCole
Head of Equity Dealing, asia Pacific, Aberdeen Asset Management Asia

StephenIsaacs

Stephen Isaacs
Chairman of the Investment Committee, Alvine Capital

A senior-level executive with particular skill sets in (a) macro positioning (b) idea generation and (c) raising an organisation’s financial profile through regular appearances on the two pre eminent financial television networks Career History2010 to date Alvine Capital www.alvinecapital.comChairman of the Investment CommitteeJan 2012 [read more]

Ian Cross
Senior Trader, Fidelity Investment Management


Anand Narayan

Anand Narayan
Senior Dealer, HSBC Global asset Management

Anand Narayan is a Senior Dealer with HSBC Global Asset Management (Singapore) and has been working in the Asset management and Broking industry since 1991. Prior to joining HSBC in 2008, Anand worked with Credit Suisse as a Sales Trader. He holds a Master Degree in Financial Management from NMIMS (Mumbai).
16.00 Networking break
Networking break
16.30 Welcome to TradeTech 2032
Larry Tabb, Chief Executive Officer and Founder, The Tabb Group
Steve Edge, Principal , Asia Etrading
Our panel of futurists debate what we will be discussing in twenty years time and how the global economy will look. Will the traditional buy and sell side still exist? Will asset classes merge together? Is HFT still around? Has high touch trading died out and have the machines taken over? Do national exchanges still exist or are we all trading off one exchange? Which currency are we using? How dominant has social networking become or will it have died out?
Larry Tabb

Larry Tabb
Chief Executive Officer and Founder, The Tabb Group

Larry Tabb is founder and CEO of TABB Group, the financial markets’ research and strategic advisory firm focused exclusively on capital markets. TABB Group analyzes and quantifies the investing value chain from the fiduciary, investment manager, broker, exchange and custodian, helping senior business leaders gain a truer understanding of financial markets issues. Founded in 2003 [read more]
steve edge

Steve Edge
Principal , Asia Etrading

A student of economics and science at York University (Canada) Stephen began his career with a prominent full service brokerage firm in Toronto. He joined Etrade as an agency trader during the electronic trading revolution of the dot com heydays. Stephen moved to Hong Kong in 2004 with an appointment at Fimat a leading futures broker in Asia then on to MF Global as Vice President of Institutional [read more]
17.15 Close of conference
Close of conference

 

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