July 04 - 05, 2012
Marriott Hotel, Frankfurt, Germany

TradeTech DACH – Agenda Day 1

4th July 2012

8.30 Registration and Refreshment
Registration and Refreshment
9.00 Opening remarks from the Chairman
Peter Gomber, Professor, University Frankfurt
Opening remarks from the Chairman
Peter Gomber

Peter Gomber
Professor, University Frankfurt

Prof. Dr. Peter Gomber holds the Chair of e-Finance at the Faculty of Economics and Business Administration, University of Frankfurt since December 2004. He is Co-Chair and Member of the Board of the E-Finance Lab, a co-operation between the Universities of Frankfurt and Darmstadt and a network of industry partners from financial services. In the E-Finance Lab, he manages the research layer „Elect [read more]
9.15 Keynote: A critical view from the regulator and latest Update on MiFID II – Understanding how is the progress so far and what will be the next steps to comply in the new regulatory environment
Valerie Ledure, Policy Officer, European Commission
  • Defining clarity on the new legal framework in Europe to build up a new regulatory corporate action plan
  • Gaining deep insight of very first practical market experiences and implementation experiences to learn from early adopters which strategies really work
  • Preparing the next steps: What can you do now to fulfil regulator’s requirements? What timeline is for those?
  • Enhancing and forcing the pan-European initiative: latest update on the European consolidated tape – Taking decisions on ownership and execution and understanding the major benefits for your company
Valerie Ledure

Valerie Ledure
Policy Officer, European Commission

9.45 Regulatory Panel: “Time for a new dialogue!”
Peter Gomber, Professor, University Frankfurt
In 8 months since the MiFID II proposals were first published what has been the progress of the regulations and the experiences of regulators, buy side and sell side firms in the practical implementation of the provisions? How has MiFID II stood up to the interpretation of the different national regulators? Will the new provisions achieve their goals?
This essential panel brings together all types of market participants to review the progress on compliance with MiFID II and open a real dialogue between regulators and the market.

  • Transparency: is it better under MiFID II?
  • Are regulatory bodies achieving their goals? Has MiFID gone far enough? Or gone too far?
  • How does MiFID hold up to a cost / benefit analysis? How much has it cost the industry and who has benefited so far?
  • How is the new regulatory structure affecting trade outside of the Eurozone, for example between Germany, Austria and Switzerland?
Peter Gomber

Peter Gomber
Professor, University Frankfurt

Prof. Dr. Peter Gomber holds the Chair of e-Finance at the Faculty of Economics and Business Administration, University of Frankfurt since December 2004. He is Co-Chair and Member of the Board of the E-Finance Lab, a co-operation between the Universities of Frankfurt and Darmstadt and a network of industry partners from financial services. In the E-Finance Lab, he manages the research layer „Elect [read more]
9.45 Regulatory Panel: “Time for a new dialogue!”
Peter Gomber, Professor, University Frankfurt
Christoph Mast, Global Head of Trading, RCM Allianz Global Investors Kapitalanlagegesellschaft mbH
Valerie Ledure, Policy Officer, European Commission
Dietmar Rupar, Secretary General, Vereinigung Österreichischer Investmentgesellschaften (VÖIG)
Mark Spanbroek, Vice Chairman, FIA European Principal Traders Association
Felix Ertl, Vice President Legal, BVI Bundesverband Investment und Asset Management e.V.
In 8 months since the MiFID II proposals were first published what has been the progress of the regulations and the experiences of regulators, buy side and sell side firms in the practical implementation of the provisions? How has MiFID II stood up to the interpretation of the different national regulators? Will the new provisions achieve their goals?
This essential panel brings together all types of market participants to review the progress on compliance with MiFID II and open a real dialogue between regulators and the market.

  • Transparency: is it better under MiFID II?
  • Are regulatory bodies achieving their goals? Has MiFID gone far enough? Or gone too far?
  • How does MiFID hold up to a cost / benefit analysis? How much has it cost the industry and who has benefited so far?
  • How is the new regulatory structure affecting trade outside of the Eurozone, for example between Germany, Austria and Switzerland?
Peter Gomber

Peter Gomber
Professor, University Frankfurt

Prof. Dr. Peter Gomber holds the Chair of e-Finance at the Faculty of Economics and Business Administration, University of Frankfurt since December 2004. He is Co-Chair and Member of the Board of the E-Finance Lab, a co-operation between the Universities of Frankfurt and Darmstadt and a network of industry partners from financial services. In the E-Finance Lab, he manages the research layer „Elect [read more]
Christoph Mast

Christoph Mast
Global Head of Trading, RCM Allianz Global Investors Kapitalanlagegesellschaft mbH

Valerie Ledure

Valerie Ledure
Policy Officer, European Commission

Dietmar Rupar

Dietmar Rupar
Secretary General, Vereinigung Österreichischer Investmentgesellschaften (VÖIG)

Mag. Dietmar Rupar is Secretary General at VÖIG. As a secretary general, Dietmar Rupar is in charge of all major issues regarding the Austrian fund industry. He serves as a board member of EFAMA. After finishing his master degree in law, he joined the commercial banking department of the First Austrian Savings Bank. Later on he worked as a secretary general of the Austrian mortgage association and [read more]
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Mark Spanbroek
Vice Chairman, FIA European Principal Traders Association

Felix Ertl
Vice President Legal, BVI Bundesverband Investment und Asset Management e.V.


10.30 Refreshments and networking break
Refreshments and networking break
11.00 Keynote: High Frequency Trading and market implications: Which are the core risks emanating from HFT structures and how can you prepare best as a market participant?
Joachim Nagel, Member of the Executive Board, Deutsche Bundesbank
  • Be in or be out? Is High Frequency Trading reducing liquidity in the markets or increasing it and what does that mean for implementing your trading strategy?
  • Voluntary commitment through code of conduct or a new regulatory field?
  • Which measures can control and limit HFT and market implications? Impact through limited volumes, minimum holding period for contracts etc.
Joachim Nagel

Joachim Nagel
Member of the Executive Board, Deutsche Bundesbank

Dr Joachim Nagel is Member of the Executive Board of the Deutsche Bundesbank, responsible for the Markets and Information Technology Departments. He joined the Bundesbank in 1999 and was initially employed as Head of the President’s Office at the former Land Central Bank of Bremen, Lower Saxony and Saxony-Anhalt. In 2003, Dr Nagel took on responsibility for “Liquidity management” at the Bundesbank [read more]
11.30 Keynote: Making sense of the fragmented execution landscape – Providing clients’ market access through innovative platforms to be time-to-market
Rainer Riess, Managing Director/Xetra Market Development, Deutsche Börse AG
  • Demonstrating how increased competition in the execution landscape has benefited the buy side and changed current market conditions
  • Highlighting how cutting edge technology and efficient connectivity solutions can help to pinpoint liquidity when you need it
  • Assessing the benefits of trading with an established exchange – how additional services and an expanded product range can add value for the buy side
  • Providing different high speed solutions for different clients’ needs: Evaluating which technological approach fits to your strategy: Real-time need and low latency infrastructure
Rainer Riess

Rainer Riess
Managing Director/Xetra Market Development, Deutsche Börse AG

12.00 Panel: Evolving market structure and fragmented liquidity: Finding liquidity in fragmented markets to ensure you can execute in good time at a good price!
Joachim Nagel, Member of the Executive Board, Deutsche Bundesbank
Rainer Riess, Managing Director/Xetra Market Development, Deutsche Börse AG
Mark Hemsley, Chief Executive Officer, BATS Chi-X Europe
Sören Steinert, Associate Director - Equities-Trading, Quoniam Asset Management GmbH
John White, Head Equity Product Management, SIX Swiss Exchange
Per Loven, Head of International Corporate Strategy, Liquidnet Europe
  • Understanding how regulation has impacted the market structure – analysing the impact of MiFID II and finding the best strategy to interact within this new landscape
  • Who is winning and losing in the battle of the execution venues? How is it being fought?
  • The buy side view: Measuring the venue quality on analysing data to choose the right execution place
  • Evaluating the competitive advantages of the different venues to develop the best market access strategy:
    • Technology
    • Strategy
    • Access / connectivity
    • Post trade services
  • ow are the buy side benefiting from the different ‘flavours’ of fragmentation?
    • ark vs. Light
    • Exchanges vs. MTFs
    • Crossing networks vs. Dark pools
  • Assessing how the “OTF” designation has impacted alternative execution venues
  • Analysing how the total cost of trading has been affected by the fragmentation of liquidity – Do the indirect costs of a fragmented market negate reductions in the price of trading with certain venues?
Joachim Nagel

Joachim Nagel
Member of the Executive Board, Deutsche Bundesbank

Dr Joachim Nagel is Member of the Executive Board of the Deutsche Bundesbank, responsible for the Markets and Information Technology Departments. He joined the Bundesbank in 1999 and was initially employed as Head of the President’s Office at the former Land Central Bank of Bremen, Lower Saxony and Saxony-Anhalt. In 2003, Dr Nagel took on responsibility for “Liquidity management” at the Bundesbank [read more]
Rainer Riess

Rainer Riess
Managing Director/Xetra Market Development, Deutsche Börse AG

Mark Hemsley

Mark Hemsley
Chief Executive Officer, BATS Chi-X Europe

Mark Hemsley was appointed chief executive officer for BATS Chi-X Europe in 2011 following the acquisition of Chi-X Europe by BATS Global Markets. Mr. Hemsley was previously chief executive of BATS Europe taking a pioneering role as one of its first employees during its formation in 2008. Under Mr. Hemsley's leadership, BATS Europe became a dominant player amongst pan-European trading venues and a [read more]
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Sören Steinert
Associate Director - Equities-Trading, Quoniam Asset Management GmbH

John White

John White
Head Equity Product Management, SIX Swiss Exchange

John White is Head Equity Product Management at SIX Swiss Exchange. He is focused on the development of the Exchange’s Equities product suite and the communication of new product developments with the Exchange’s customers. SIX Swiss Exchange is a key pillar of the Swiss financial sector’s infrastructure and helps create the best possible trading conditions, connecting investors, issuers and partic [read more]

Per Loven
Head of International Corporate Strategy, Liquidnet Europe

13.00 Lunch and Networking Time
Lunch and Networking Time
15.30 Refreshments and networking break
Refreshments and networking break
17.45 Cocktail Reception Excellent Networking Opportunity
Cocktail Reception Excellent Networking Opportunity
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