8:00 Conference Registration & Opportunity To Visit The Solutions Zone Conference Registration & Opportunity To Visit The Solutions Zone

8:40 Welcoming Remarks Welcoming Remarks

8:45 Chairperson’s Opening Address Chairperson’s Opening Address

9:00 Identifying Price And Time Movements In FX &Derivatives Trading That Will Impact Your Desk Daniel Shaffer, President & CEO, Shaffer Asset Management Dan’s technical analysis of currency and commodity futures markets has been widely recognized by the financial community and the media. He believes in helping others attain his or her financial goals by sharing his wealth of knowledge, research, investment experiences and technical analysis. Dan has a unique ability to provide clear, easily understood explanations of his philosophy, strategies, methodologies and technical analysis techniques. In this session, Dan will explore: How to locate support and resistance levels using 24-hour trading in derivatives and FX What could move markets during certain times of the day How the central banks are affecting price action and volatility How to decipher and leverage the strategies of algorithmic trading programs Using creative indicators to reduce risk exposure and create stop points for your profits and losses Daniel Shaffer President & CEO, Shaffer Asset Management Daniel S. Shaffer is President & CEO of Shaffer Asset Management, Inc. He earned the designation of Certified Public Accountant (CPA) in May of 1989 and is currently registered as inactive status with New York State. He obtained the Chartered Financial Consultant (ChFC) designation in October of 1992 from the American College. In June of 1986, he received his Masters of Science Degree in Accou [read more]

10:00 The Options Trading Landscape: 2010 And Beyond Andy Nybo, Senior Analyst, TABB Group This presentation will review changes in the options markets from the perspective of the buy-side trading desk. Based on TABB Group’s annual options trading study, the presentation will include perspectives from more than 50 buy-side traders and will provide an overview of the changes and challenges that are impacting buy-side traders in the options market. Topics to be covered include: Evolving market structure and how it is impacting buy-side behavior The evolution of technology on the buy-side trading desk Advanced execution tools for options trading and how traders use these tools to improve execution capabilities Accessing sufficient liquidity in the fragmented options market The evolving world of liquidity providers on options exchanges Andy Nybo Senior Analyst, TABB Group Andy Nybo, Principal and Head of TABB's Derivatives practice, has more than 20 years of experience in research and technology applications in the global capital markets. He has been with TABB Group since August 2006 and currently focuses his research efforts on OTC and listed-equity derivatives markets, examining how technology is playing an increasingly integral role on both buy-side and sell-sid [read more]

10:40 Refreshment Break & Opportunity To Visit TheSolutions Zone TRefreshment Break & Opportunity To Visit The Solutions Zone

11:10 Panel Discussion: The Future Of Equity Options Trading - How Will Continued Growth Affect The Buy/Sell Side Partnership? Mohammed Riad, Senior Portfolio Manager, Chief Derivatives Strategist, Fiduciary Asset Management Identifying how changes in the regulatory environment will reshape the industry? Reviewing potential changes in the buy/sell side partnership as the option trading relationships become less personal and more automated Defining what constitutes best execution as venue and broker competition brings advantages and complexities Mohammed Riad Senior Portfolio Manager, Chief Derivatives Strategist, Fiduciary Asset Management Mr. Riad joined FAMCO in 1999 and has 13 years of investment industry experience. He is a member of the portfolio management team and serves as senior portfolio manager for FAMCO’s institutional and hedged large-cap equity strategies, as well as closed-end and open-end funds. Additionally, Mr. Riad has been instrumental in the development of industry leading large scale derivatives strategies. He [read more]

11:45 Volatility As A Strategic Investment Chris Burton, VP and Portfolio Manager, Fixed Income - Derivatives, Credit Suisse Asset Management Volatility is an investable, liquid alternative asset class Increased use in recent years by institutions to manage risk Can be used for strategic or speculative purposes Typical strategic implementation for institutional investors Overwriting to generate yields and reduce volatility Hedged equity to reduce volatility and capture equity risk premium Tactical asset allocation tool to adjust exposure to equity markets Pure volatility trading to generate uncorrelated returns to other asset classes Case studies Chris Burton VP and Portfolio Manager, Fixed Income - Derivatives, Credit Suisse Asset Management Christopher Burton, CFA, FRM, Vice President, is a Portfolio Manager and Trader on the Derivatives Team, and a Portfolio Manager for the Total Commodity Return strategy. In this role Mr. Burton is responsible for analyzing and implementing the team's hedging strategies, indexing strategies, and excess return strategies. Prior to joining Credit Suisse in 2005, Mr. Burton served as an Analyst and De [read more]

12:20 Lunch For All Attendees Lunch For All Attendees

CONCURRENT CONFERENCES CONCURRENT CONFERENCES: Remember – This is your opportunity to choose the sessions that best fit your background. Attend a full afternoon on FX or on Listed Futures & Options to make sure you are maximizing your time out of the office & bring fresh strategies back to your desk!

Track A: FXTrack B: Listed Derivatives 1:20 Chairperson’s Afternoon Address Track A: FX Chairperson’s Afternoon Address 1:20 Chairperson’s Afternoon Address Track B: Listed Derivatives Chairperson’s Afternoon Address

Track A: FXTrack B: Listed Derivatives 1:30 Panel Discussion: Effectively Transitioning Your Desk To Optimize FX Algo Trading Track A: FX Paul Buckley, Director, Credit Suisse Sang Lee, Managing Partner, Aite Group Examining the popularity of execution-based algos to successfully transition best practices to the FX market Exploring changing market dynamics that are driving the increased trading volumes Assessing the changing make-up of client segments as it applies to integrating algo’s into your trading strategy Analyzing the impact of increased algorithmic trading in backoffice processing Paul Buckley Director, Credit Suisse Paul Buckley is a Director at Credit Suisse responsible for the Advanced Execution Services Foreign Exchange (AES FX) sales, marketing and product management in North America. He has over 10 years in the Foreign Exchange markets and trading technology. Prior to joining Credit Suisse, Paul served as Director, FX Prime Services for UBS Investment Bank in the USA, where he was responsible for eC [read more] Sang Lee Managing Partner, Aite Group Sang Lee is a co-founder and serves as the Managing Partner at Aite Group, LLC. Mr. Lee's expertise lies in the securities and investments vertical and has advised many global financial institutions, software/hardware vendors, and professional services firms in sell-side and buy-side electronic trading technology, market structure, retail brokerage technology evolution, and wealth management. Mr. [read more] 1:30 Panel Discussion: The Role Of Technology InDerivatives Trading - Understanding TheImplications Of Increasing Automation On TheOptions Environment Track B: Listed Derivatives Jesse Drennan, Director of Product Marketing, Traiana Randall DuRie, Partner, Plimsoll Capital Michael Tobey, Head of Options Development, Bloomberg Tradebook Reviewing recent trends and changes in the buy sides use of electronic trading in Equity options Identifying how the buy side are approaching automation for equity options and how they see it impacting their business Will increased technology spend from the buy side lead to an increase in profits or will hidden costs be discovered? Examining the benefits of the increasing use of electronic trading by the buy side Lower trade cost Reduction in market impact Increase accessibility to more pools of liquidity Jesse Drennan Director of Product Marketing, Traiana In his role as director of product marketing, Mr. Drennan is responsible for strategic development of Traiana's foreign exchange products - TRM and Harmony. Mr. Drennan has over 10 years of experience in foreign exchange technology with prior experience at Bank of America, where he was responsible for the roll out of new front-office technology, and Sungard where he was a product manager in the Ca [read more] Randall DuRie Partner, Plimsoll Capital Mr. DuRie is the principal of Plimsoll Capital and the portfolio manager of Plimsoll’s Headwind Currency Strategy. Mr. DuRie also assists with investor relations and research. He has over 15 years of hedge fund experience, working for two different global-marco hedge funds before founding Plimsoll in 2002. Michael Tobey Head of Options Development, Bloomberg Tradebook

Track A: FXTrack B: Listed Derivatives 2:10 Successfully Executing Transaction Cost Analysis (TCA) Track A: FX Michael Schwartz, Chief Operation Officer Global Trading, Alliance Bernstein Holding Identifying relevant goals and benchmarks for FX execution metrics to set standards and investor expectations Extrapolating research from microstructure markets to develop applicable practices and lower execution costs Isolating useful algorithms for execution minimization Setting realistic goals in an opaque market to ensure cost effective execution Michael Schwartz Chief Operation Officer Global Trading, Alliance Bernstein Holding 2:10 Panel Discussion: Exploring The Growth InOptions Trading And How You Can Best Execute Equity Options Trades To Generate Greater Profits Track B: Listed Derivatives Chris Jacobson, Chief Options Strategist, Market Intelligence, Susquehanna International Group Michael Levas, Chief Investment Officer and Managing Member, Olympian Capital Management Understanding why the growth in futures and options trading is occurring especially in long only and prop trading firms What are the challenges facing the buy side firms that are seriously considering aggressive options trading and investing strategies? Examining the short and long-term benefits and obstacles of entering this marke Chris Jacobson Chief Options Strategist, Market Intelligence, Susquehanna International Group Chris Jacobson heads Susquehanna’s Market Intelligence team and acts as Chief Options Strategist working with Susquehanna’s institutional clients in helping them to construct options strategies to leverage fundamental stock views. Chris and his team also focus on options education, providing customized on-site options teach-ins for the firm’s clients. Prior to joining the Market Intelligence team, [read more] Michael Levas Chief Investment Officer and Managing Member, Olympian Capital Management Michael J. Levas has been in the investment management business for over twenty years and is the founder, chief investment officer and managing member of the Olympian Group of Investment Management Companies. Prior to Olympian, he was a VP and Portfolio Manager in the Private Client Group at Lehman Brothers Inc. Prior to that, he was a VP with SG Cowen, UBS PaineWebber and Bear Stearns where he ma [read more]

Track A: FXTrack B: Listed Derivatives 2:45 Refreshment Break & Opportunity To Visit TheSolutions Zone Track A: FX Refreshment Break & Opportunity To Visit The Solutions Zone 2:45 Refreshment Break & Opportunity To Visit TheSolutions Zone Track B: Listed Derivatives Refreshment Break & Opportunity To Visit The Solutions Zone

Track A: FXTrack B: Listed Derivatives 3:15 Panel Discussion: Analyzing Style Differences Of Currency Fund Managers – Gaining Best PracticesTo Survive In Today’s Volatile Currency Markets Track A: FX Josh Levy, Managing Director, Tactical Asset Management George Marcus, President & CEO, Nantucket Hedge Fund Examining factors which explain returns of currency funds to gain insights of the risk and return characteristics of currency management Analyzing the effects of carry trade on performance of currency traders to gain insights about prudent portfolio construction Outlining strategies to minimize business risk of currency managers by evaluation style differences between funds that survive and funds that do not Testing for style and performance persistence among currency managers to gain insights for manager selection Josh Levy Managing Director, Tactical Asset Management Josh Levy has over 18 years of FX-specific experience and has served as an institutional foreign-exchange trader at Goldman Sachs (NYSE: GS) in New York & Tokyo and as Managing Director of the FX Trading division of the SunGard STN Transaction Network (NYSE: SDS). Prior to founding Tactical Asset Management, Mr. Levy co-founded the innovative FX ECN MatchbookFX and was the President of CMC Mar [read more] George Marcus President & CEO, Nantucket Hedge Fund George Marcus has an extensive background in alternative investments with over twenty-five years experience. Throughout his career he has utilized various hedging techniques in portfolio management in the early 1980's. George has had diversified experience as a fund manager and managed money both from a systematic and discretionary standpoint. Prior to acquiring controlling interest in 1994 of the [read more] 3:15 Understanding Trends In Derivatives Trading To Identify Future Market Opportunities Track B: Listed Derivatives Dmitri Smolansky, Managing Director, Bleecker Street Capital Identifying strategies for trading and analysis that have become available as a result of new technology and global expansion Keeping up to date on what different groups of investors are doing in the market Can you apply their strategies to your business? Exploring key areas that equity derivatives traders should be looking at in 2010 and beyond Dmitri Smolansky Managing Director, Bleecker Street Capital Dmitri Smolansky is the Managing Member and sole owner of Bleecker Street Capital, LLC - a CTA specializing in relative value global macro investments. Mr. Smolansky started his career in global macro in 1998 as an investment analyst at GM Pension Plan (currently – Promark Global). In 2001 Dmitri became a portfolio manager and from 2001 to 2005 was in charge of all systematic global macro portfoli [read more]

Track A: FXTrack B: Listed Derivatives 3:55 Panel Discussion: Assessing Market Liquidity–What Is Needed Vs. What Is Offered? Track A: FX Jaime Llano, Currency Trader, Teachers Retirement System of Texas James Lubin, Principal & Director, Hyman Beck & Co. Examining the growing need for liquidity by buy side money managers How does the growing FX traded volumes affect the availability of liquidity? Understanding the role of banks in dealing with the fragmented market and their position on electronic demands for liquidity Evaluating the growing counterparty risk - How do the banks plan to address these issues? Jaime Llano Currency Trader, Teachers Retirement System of Texas Jaime Llano is a Senior Equity and Currency trader at Teacher Retirement System at Texas (TRS). Previously, he was responsible for oversight of TRS back office. Prior to that, he worked at Black River Asset Management in Minneapolis. He earned his BBA in Finance from University of Texas at Austin and his MBA at St. Edward’s University in Austin Texas. James Lubin Principal & Director, Hyman Beck & Co. James F. Lubin is a Principal and Director of Hyman Beck & Co. Mr. Lubin is responsible for product development, strategic planning, investment strategy and business development. Prior to joining Hyman Beck in July 2003, Mr. Lubin was a Senior Vice President within the Fixed Income Division of Lehman Brothers from 1999, where he was responsible for establishing the foreign exchange business wi [read more] 3:55 Exploring Current Trends In The DerivativesMarket Track B: Listed Derivatives Elliot Noma, Managing Director, Garret Asset Management Understanding what types of regulatory reform are coming in the next few quarters and what their impact will be on the equities options market Short selling restrictions Changes in tax rules Dark pools Assessing the impact of the migration of OTC trading to exchanges Examining trends in listed derivatives post financial crises Elliot Noma Managing Director, Garret Asset Management Dr. Noma is the founder of Garrett Asset Management, a systematic trading firm that uses technical systems to invest in futures, ETFs, and currencies. Dr. Noma is also a Senior Risk Consultant with Asset alliance. He consults on a variety of financial issues involving portfolio management, hedge fund due diligence, trading systems, risk management, fund of hedge funds, and operational due diligenc [read more]

4:30 -5:30 TradeTech Happy Hour TradeTech Happy Hour