Trading Architecture Singapore

8:00 Registration and Morning Coffee and Opportunity to View Exhibition Registration and Morning Coffee and Opportunity to View Exhibition

8:50 Plenary Chair’s Opening Remarks Plenary Chair’s Opening Remarks

9:00 PANEL: Riding the challenges of the threat of competition in Asia’s changing trading venue landscape Masayuki Kato, Chief Representative, Singapore Office, Tokyo Stock exchange The SGX/ASX merger ultimately failed but the idea opened up the possibility of major Asian exchange consolidation for the first time. With US and European venues tying up at a faster rate than ever, will the Asian exchanges follow suit to stay competitive in a global market? Synergies and opportunities: understanding the criteria for potential mergers Global outlook on the major collaborations and the drivers for each How is the threat of competition driving exchange innovation? Assessing the push in technology and how collaborations with vendors or international venues can create win-win situations Identifying what can be done to drive and keep down trading costs – the cost of clearing and liquidity relationship Assessing the impact of alternative venues and what they mean for pricing and liquidity   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]

9:50 PANEL: Locating and aggregating liquidity and navigating fragmentation to secure best execution for clients and stakeholders Kent Rossiter, Head of Asia Pacific Trading, RCM, Allianz Global Investors Richard Coulstock, Head of Dealing, Eastspring Investments Best execution as a concept is engrained in law in Europe and the US, but in Asia it is used as a target to aspire to. This session explores the techniques used by brokers to ensure they get best execution for their clients and looks at liquidity issues across the Asian markets. Analyzing volume levels on the growing number of dark pool venues to identify liquidity What factors should you take into account when deciding on which trading venue to use? Effects of Indications of Interest and other order types on trading across dark venues Exploring the impact of market trading hours on sourcing liquidity Challenges of obtaining accurate post-trade information and the need for consolidated tape Is the growing proliferation of venues in Asia a good thing? 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] 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

10:20 Morning Break Morning Break

11:00 Trading Architecture Chair’s Introduction Trading Architecture Chair’s Introduction - Thomas McMahon, CEO & Founder, PACE (Pan Asian Clearing Enterprise)

11:10 Merging and integrating the technological roadmap for AEV’s in Europe Overall share of European equities trading by Multilateral Trading Facilities (MTFs) has increased from almost nothing in 2007 to more than 30% by mid-2011. As liquidity shifts from national exchanges to MTFs, Europe’s market structure landscape is changing in order to adapt to the new paradigm. BATS Europe has emerged as a significant MTF and market structure leader, most recently becoming the first major European stock trading platform to offer multilateral interoperable clearing services. In this presentation Mark will discuss: Characteristics of MTFs Benefits of standardisation Order routing Interoperable clearing Diversified markets and regulation

11:40 PANEL: Perfecting the art of slicing and dicing latency across the trading value chain A new breed of trading technology professional is emerging – the low latency specialist. Their job is to assess the performance of the trading processes to minimize latency. This is an ongoing and never ending task, but a critical one if the full value of an expensive IT upgrade is the be fully realized and competitors kept in check. Learn from our latency specialists on how they perform their work and where they see this industry moving. Defining latency: Propagation latency, transmission latency and processing latency Where to find ultra low latency innovations and how to adapt their lessons How to conduct the latency audit and who are the latency offenders               Predicting the next major leap in latency

12:10: Using historical tick history to perfect your trading strategies No session description available.

12.40 Assessing the data flow benefits of exchange colocation centres and its relevance to cross asset traders Whether you are trading firm, FCM, or service provider you have no doubt been keeping a close eye on colocation as it relates to new opportunities from access providers and reform from regulators. Proposed changes stand to have a signicant impact on the way colocation is defined, monitored and marketed and will affect not only those on the sell-side but the buy-side as well. Here we consider the pros and cons of the colocation strategy from the perspective of traders and venues. Its worth noting that until recently, our speaker was the director of Global Infrastructure for Citadel Investment Group. Why you need to criticall evaluate your vendors latency figures and where the problems arise Colocation vs. proximity hosting - comparing service benefits for the average broker Reflecting on whether the colo strategy may be regulated to protect smaller players How the colo strategy is evolving and how can you position yourself for increased profit 13.10 Lunch Break Lunch Break

Trading Architecture continued No session description available. No session description available.

14:20 Architecting future proof HPC solutions to manage the real time data explosion at the TSX HFT operations teams must ensure low, consistent latency through the inevitable network disruptions and traffic spikes. While financial firms are spending millions to shave latency from computing resources, the optical transport is often where you can achieve significant gains in performance. Here we learn how the third largest stock exchange in North America manages this process. Building the enabling HPC technology framework Network strategies on the micro and macro level Improving performance of the colocation strategy Monitoring and reporting low latency services

14:50 Precision implementation of trading systems No session description available.

15:20 PANEL: Comparing the fast moving technology models and profit strategies in today's high speed markets Alan Donoghue, Managing Director, Asia, Nyenburgh The trading venue landscape is very competitive with an army of new entrants forcing rapid evolution across the traditional and alternative trading sectors. The technology models vary but everyone seems to agree that low latency investment is good for business. Here we ask, what challenges does the introduction of HFT bring to the markets and how do you introduce HFT strategies into your existing trading strategy.   Reflecting on regulations and market technology that enable HFT How has HFT impacted the market microstructure What impact has HFT had on investors execution plans How are algos and trading strategies changing to manage HFT 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]

15.50 Panel: Staying ahead of the ever steepening multi-asset technology curve Colin Silvester, Director of Business Development, IPC Trading is increasingly being governed by technology, with speed of order execution, integrated platforms, real-time data feeds and cutting-edge interfaces all vital in giving you the edge over your competitors. In this session we discuss:Understanding what technology you need, and where to invest to provide maximum ROIAssessing the build or buy question, and conducting due diligence on potential vendorsIntegrating cutting-edge technologies with legacy systemsLooking to the future of technology requirements and ensuring you can future-proof your current platforms Moderator: Thomas McMahon, CEO & Founder, PACE (Pan Asian Clearing Enterprise)Panelists:Patrick Myles, CTO, Caplin Chuck Chon, Chief Executive Officer, SBI JapanNextColin Silvester, Director Business. Development, APAC, IPCDavid Wilkinson, Senior Director, Business Development, Asia Pacific, Equinix Colin Silvester Director of Business Development, IPC Colin Silvester is the Director of Business Development for the Asia Pacific region and Country Manager of IPC Japan. Within these roles he is responsible for the coordination of strategic sales across Asia Pacific and IPC’s business within Japan. He is also responsible for the fostering of productive business relationships with IPC’s partners throughout APAC. [read more] 16.20 Afternoon Break Afternoon Break

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16:50 Perfecting the ULL system: Back and middle office integration Integration between EMS, OMS and the other systems that make up the complete trading lifecycle is the critical issue for buy-side firms. Providers need to work diligently to ensure inter-system connectivity is seamless and quick to implement. Kenneth shares how RBS integrates its trading platform. Selecting the right model to meet the capacity challenge and regulatory requirements Ensuring flexibility and cost effectiveness when consolidating your systems Optimising low latency messaging and trading software architecture Simulating a realistic system test of cross asset trading performance

STREAM A: LOW LATENCY TRADING PLATFORMS 17:15 Creating “Black Swan” resistant architecture with real time risk management STREAM A: LOW LATENCY TRADING PLATFORMS Low latency infrastructure is a fast-moving space that shows no sign of slowing down. The IT team is under pressure to demonstrate competitive latency transparency to clients and business stakeholders without compromising system integrity or regulatory frameworks. But the need for speed comes with increased risk including the fear of the unexpected disaster – the dreaded Black Swan. Here we compare how brokers and exchanges analyze real time information to monitor HFT behaviour and how they prepare for the unexpected. What is considered appropriate latency across Asia to satisfy your team and clients? Can you really have effective real time monitoring with low latency performance? Do different trading venues have different risk profiles and how do you manage this? Building business continuity performance for high speed global traders 17:45 Taking stock of the mobile trading revolution and its impact on brokers Talk from Praveen Kumar @ MarketSimplified

18:10 Please join us for cocktails Please join us for cocktails