FX High Frequency Trading Conference day two

09:00 Presentation 30 min- The economist’s view on macro trends driving currency markets in the next 12 – 18 months It may be hard to find two economist who can agree on a single prediction, but macro economics will always be a key factor in currency markets – This 30 minute presentation by one of Europe’s leading economists offers critical analysis of the trends and events that may prove critical in the coming year. Whether you agree or not, you’ll find the insight offered enlightening…

09:30 Panel 60 min- How to optimise your execution strategy to handle mirage liquidity, HFT and capture the best liquidity windows? As electronic markets develop the decision of how and where to trade becomes increasingly difficult. Fragmentation of liquidity across multiple platforms and increasingly sophisticated algorithmic strategies are changing the game – discover how leading FX specialist are changing their approach to sourcing liquidity and dealing with some of the unpleasant side effects of more efficient markets. How can you operate effectively in a market where liquidity comes and goes rapidly? Defining ‘mirage’ or ‘phantom’ liquidity – what is it, how do you recognise it, and what can you do about it? Understanding the role algorithms can play in pinpointing optimal liquidity Assessing the technologies that make a science of the art of sourcing liquidity

10:30 Coffee Break Coffee Break

11:00 Panel: 60 min- Examining the evolving market structure – adapting to automation and fragmentation of liquidity Market leaders from the buy side and sell side of FX debate the impact of the sweeping changes in market structure and liquidity provision, revealing the steps they are taking to adapt and offering essential benchmarking insights for your business. Evaluating the changing role of banks, IDBS, brokers, and platforms – which business models will survive and which will be left behind? What impact will rise of FX exchanges have on market structure and the way people trade? With the proliferation of platforms and increasing fragmentation of liquidity, how should the buy side adapt? Are we due a period of consolidation? How important are broker relationships in navigating this rapidly changing landscape?

12:00 Presentation 30 min- “Big Ideas” speaker BitCoin– A case study in currency speculation – what future for virtual currencies? Critical new trend, or ‘flash in the pan’ headline grabber? What does the BitCoin bubble say about the future of currency markets and the nature of speculation? A revealing critical analysis of one of the more curious developments of the first 1/2 of 2013.

12:30 Lunch Lunch

Stream A – EXECUTION QUALITYStream B – EMRGING MARKETS AND MULTI ASSET TRADING 13:30 Panel 45 min- Technology to optimise execution – what does the buy side trader need on desk? Stream A – EXECUTION QUALITY How can man use machines to his advantage: using algos to optimise your strategy Defining a FX Algorithm: what’s out there and should there be tailored algos for the FX market. Lifting the bonnet on common execution algos – explaining the engines driving today’s markets How do you evaluate the performance of your algorithm execution? 13:30 Panel 45 min- How to best source/access liquidity and transparency in Emerging Market currencies? Stream B – EMRGING MARKETS AND MULTI ASSET TRADING What are the commitments of liquidity provides to Emerging Market Currencies? Strategies to best access liquidity with Emerging Market Currencies. Optimising transparency in pricing across a 24 hour dealing cycle from your liquidity providers. The role of NDFs in trading emerging market currencies: what are the impacts of the regulation and what will it look like in the next 12-18 months?

Stream A – EXECUTION QUALITYStream B – EMRGING MARKETS AND MULTI ASSET TRADING 14:15 Panel 45 min- The role of Algorithmic trading in an increasingly electronised FX market Stream A – EXECUTION QUALITY How to improve and design your pricing models to cope with risk on, risk off behaviour? Are we finally seeing the end? How can algorithms fit into your trading strategies? Discovering the risk premium you’re seeking to exploit 14:15 Panel 45 min- How to optimise efficiency in trading Emerging Market currencies given the restrictions and non-standardised regulations? Stream B – EMRGING MARKETS AND MULTI ASSET TRADING What does the increasing proportion of EM currencies traded mean for FX? How best to trade in restrictive countries such as Taiwan, Korea and Indonesia?

15:00 Coffee Break Coffee Break

Stream A – EXECUTION QUALITYStream B – EMRGING MARKETS AND MULTI ASSET TRADING 15:30 Panel 45 min Gaining insight into the developing direction of FX execution algorithms: 3rd generations Algos, universal language and the proliferation of ECNs Stream A – EXECUTION QUALITY Can equities algo execution solutions/strategies be applied to FX? How to adapt trades to the nature of the market? How to use algos to manage the growing number of ECNS. 3rd generation execution algos and the interplay with the market Discovering true liquidity with algorithms 15:30 Panel 45 min Understanding the changing relationships in asset class correlation and the impact for trading FX Stream B – EMRGING MARKETS AND MULTI ASSET TRADING Correlation regimes and correlation clustering as a method to treat “risk on, risk off”-markets The difficulties in defining an asset class and distortions in the identity of asset classes. Couplings between asset classes: FX, commodities, equities, government bond futures

Stream A – EXECUTION QUALITYStream B – EMRGING MARKETS AND MULTI ASSET TRADING 16:15 Panel 45 min How and why is the FX execution landscape changing and what you can do to stay at the forefront Stream A – EXECUTION QUALITY Turning a crystal ball onto the market – what does the FX trading desk look like in 3 – 5 years time? Is the latency ‘race to zero’ seen in equities likely to be replicated in currencies? What are the technological trends that will define the next few years in the markets? 16:15 Panel 45 min Multi-asset trading desk: how FX plays a role in multi-asset? What are the best strategies to actively manage FX? Stream B – EMRGING MARKETS AND MULTI ASSET TRADING How the rise and rise fo the multi-asset trader is changing buy side desk structures and market dynamics The implications for new infrastructural investment into the multi-asset space. What are the consequences of increasing participants in the FX space?

17:00 Close of conference Close of conference