Main Conference - Day Two - Wednesday, May 14, 2008

Increase Derivative Trading Profits In An Uncertain Economic Environment

8:30	Conference Registration & Continental Breakfast In The Solutions Zone
9:00	Chairperson’s Opening Address
	Doug Engmann Senior EVP, Managing Director of Equities Newedge USA
9:15	The Changing Investment Management Paradigm And The Growing Role Of Derivatives
	Jayesh Bhansali Head of Derivatives Strategies and Trading TIAA-CREF   The alpha beta soup Synthesizing investment returns: A case for optimizing alphas and betas separately Strategies for sourcing cheap and efficient betas (including alternative betas LDI: Is it old wine in new bottle?
9:50	The Changing Equity Options Market: How Market Structure, Innovative Strategies and Technology are Changing the Trading Landscape
	Andy Nybo Senior Analyst TABB Group Uncovering current trends in the listed and OTC equity options arena Examining the growth in equity options and the factors driving volumes to new heights Analyzing the current technology that supports options trading and its evolution in the future Exploring current mandates in the options market to determine its effect on the buy side Forecasting the future of equity options trading in an increasingly volatile market environment
10:25	Morning Coffee Break & Opportunity To View The Solutions Zone
10:55	PANEL: Sourcing Markets For The Greatest Profit In Your Commodity Futures Portfolio
	Kenneth Armstead Partner Absolute Plus Management     Christopher Burton Portfolio Manager Credit Suisse Asset Management   Examining your current futures portfolio: Where are you missing opportunities in the commodities market that will significantly increase your returns? Uncovering liquidity developments and identifying the best sources for liquidity in today’s shifting market Open outcry vs. electronic trading: identifying current trends and their impact on your daily trades Analyzing the costs and benefits of alternative commodity products; how should they be structured with conventional commodities to increase returns in your portfolio? Determining how to measure the success of your commodity futures trades for long-term profit-generation
11:30	PANEL: Identifying Algorithms For Listed Derivatives To Increase Your Desk’s Overall Profitability
	Josh Levy Managing Director Tactical Asset Management     Karsten Schroeder CEO Amplitude Capital     John DiBacco Head of US Derivative Trading UBS Examining the current state of algorithms in listed futures and options among all asset classes; who are active participants of this technology? Accounting for the increase of algos in derivatives, especially in equity options and currency derivatives Analyzing the current algo offerings from bulge bracket firms and smaller, nimbler broker-dealers Determining the plausibility of integrating algorithmic derivative tools into your current systems Forecasting next-generations industry software solutions and trends to prepare your algo strategy and trading system integration
12:05	Effectively Modeling Volatility To Efficiently Trade Volatility
	Stephen Davenport VP and Head of Derivatives Wilmington Trust Investment Management   Examining the challenges that arise from differing views of volatility: historic standard deviation, GARCH, or implieds in market How do you sync up non-standard, modified vol models to add value for your clients Negotiating with dealers from a position of strength (more information the better) Agreeing on using an multiple models at key points in the trading process Exploring existing methods for your volatility trading; what will give you the best results for your volatility pricing and trading?
12:40	Lunch for All Attendees Hosted by
1:40	Structuring Your Portfolio For Enhanced Risk-Adjusted Returns Using Integrated Equity And Option Strategies
	Mohammed Riad Chief Derivatives Strategist Senior Portfolio Manager Fiduciary Asset Management   Examining the benefits of equities and options structured together in your portfolio vs. just equity or just options Identifying the best ways to structure, trade, and manage these instruments for maximum risk-adjusted returns Overcoming the challenges of this investment vehicle and being able to analyze the appropriate time and placement of your trades Benchmarking your combined equity and options management strategies to ensure long-term risk-adjusted return
2:15	Option Volatility Arbitrage: Effective Trading Strategies For Today’s Markets
	John Bush Senior Derivatives Trader Parallax Fund   Identifying option volatility arbitrage strategies for equities, ETFs, and indices Examining the benefits and risks of this trading strategy for both listed and OTC derivatives Best practices to identifying implied volatility and forecasting future realized volatility of the option's underlier
2:50	Using Variance Swaps As Part Of Your Derivative Strategy To Profit In A Volatile Market
	Daniel Dismukes VP Volatility Sector JPMorgan Investment Management Uncovering the reasons why variance swaps have gained so much traction in the equity derivatives market the past few years Examining the advantages of using a variance swap vs. buying an option, including that it’s a pure play on realized volatility Best and worst of variance swap strategies, dispersion strategies, future market pickup, and more Effectively pricing variance: how can you match your view to the right products? Explaining variance swaps and their benefits to your clients, including the liquidity of the market and ways to manage risk
3:25	TradeTech Derivatives 2008 Concludes