June 1, 2010
Mumbai, India

Main Conference - June 1, 2010

 

8:00 Registration and Networking
Registration and Networking
9:00 Chairman’s opening remarks
Roopchand Betala, Chief Executive Officer, Volvie Capital Management
Chairman’s opening remarks
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Roopchand Betala
Chief Executive Officer, Volvie Capital Management

9:10 KEYNOTE REGULATORY ADDRESS: Reviewing the regulatory landscape of equities trading in India
K M Abraham, Whole Time Member, Securities & Exchange Board of India
Dr. Abraham took charge as whole-time member of SEBI in July 2008 and is spear heading the role the regulator is playing in improving equities trading in India. In this keynote session Dr Abraham will look at how SEBI is continuing to shape the future direction of equities trading and the role of securities companies and exchanges will play, including:
  • Reviewing the latest policies of SEBI and how they are fostering best practices within electronic equities trading in India
  • Striving for best execution: Understanding the role SEBI is playing towards influencing exchanges and brokers to reduce latency and to provide greater value to traders and fund managers
  • Assessing the Smart Order Routing debate and when will SEBI enable the use of this tool for traders within India?
  • Examining at Dark Pools and Alternative Execution Venues as another means of creating anonymity and when will SEBI allow for their use by for domestic traders?
  • Examining how SEBI are managing industry competition in order to foster a fair playing field
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K M Abraham
Whole Time Member, Securities & Exchange Board of India

9:45 BUY SIDE PANEL DISCUSSION: Overcoming the challenges asset managers face to successfully trade Indian equities
R. Nanda Kumar, Vice President, National Stock Exchange
Sandeep Tyagi, Chief Executive Officer, Estee Advisors
Hemang Dagli, Manager – Equity, Birla Sun Life Asset Management
Seth Freeman, Chief Executive Officer, EM Capital Management
Kent Rossiter, Head of Regional Trading, RCM Asia
Saurabh Singal, Principal, Indea Capital
liquidity, trading Indian equities at times can be difficult. In this high level session global trading experts will discuss the keys to successfully trading India and share some of their key insights so others can also benefit from trading this dynamic and robust market.
  • Evaluating what are the latest products on offer by exchanges to enable the buy side to trade more effectively?
  • Examining what role SEBI, regional brokers and exchanges can all play do to alleviate challenges faced by the buy side including:
    • Low liquidity levels
    • The high cost of trading
    • Latency and poor connectivity levels
    • Poor information flow along the trading value chain
  • Examining how DMA, algo trading and smart order routing and other technologies can reduce latency and improve trading efficiency for traders
  • Reviewing the current status of derivatives and currency derivatives trading in India
  • Identifying what criteria is used when measuring the effectiveness of the trading function by fund managers and the relationship between portfolio management and the trading function in asset management companies in India
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R. Nanda Kumar
Vice President, National Stock Exchange

R Nanda Kumar has around 23 years of experience in Securities & Capital Market Industry. In National Stock Exchange, over 14 years in the areas of trading, clearing and settlement, new product development, business development, international relations etc. Closely associated with the setting up and operating of a central counterparty mechanism in India, dematerialized settlement mechanism in I [read more]
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Sandeep Tyagi
Chief Executive Officer, Estee Advisors

Sandeep Tyagi has recently founded his second venture, an Investment Management and Advisory firm–Estee Advisors. Estee Advisors is an alternative investment management company which aims to deliver maximized returns for the level of risk undertaken using advanced analytical algorithms. He is responsible for setting the firm’s direction, sustaining a winning culture and developing innovative finan [read more]
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Hemang Dagli
Manager – Equity, Birla Sun Life Asset Management

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Seth Freeman
Chief Executive Officer, EM Capital Management

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Kent Rossiter
Head of Regional Trading, RCM Asia

Kent joined RCM in May 1999 as the Head of Regional Asia Pacific Trading and is based in Hong Kong, which is one of RCM’s three global trading desk. As at end of 2008, RCM managed approximately US$85bn and is part of the Allianz Group that has assets under management in excess of US$1 trillion. From 1996 until 1999, Kent was the Deputy General Manager of Asian Equity Sales at Nikko Securities. Pri [read more]
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Saurabh Singal
Principal, Indea Capital

10:30 Morning Coffee & Networking Break
Morning Coffee & Networking Break
11:00 CASE STUDY I: Examining the steps the National Stock Exchange is taking to embrace technology and drive trading within India into the next decade as India becomes a dominant force in the global economy
Ravi Apte, Chief Technology Officer, National Stock Exchange
As the Chief technology Officer of the NSE, Ravi is regarded as the instrumental man behind the reforms of the NSE to bring the exchange in line with other regional Asian markets. In this case study Ravi will explain where the NSE is headed into the future and how traders can benefit from their new technology and product offerings.
  • Looking at the adoption of co-location and how it is being embraced?
  • What impact are the recent increase in trading hours creating for traders and the exchange?
  • Examining how DMA and algo trading are impacting the exchange and reducing latency and increasing traffic flow
  • Assessing how algo trading is both reducing latency and increasing traffic flow
  • With over 13 million trades per day, how can the exchange cope with additional trading volumes?
  • Evaluating tic by tic data and the improvements it is offering managers
  • Looking at risk management and how cross margining can improve capital management of sell side firms
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Ravi Apte
Chief Technology Officer, National Stock Exchange

11:15 CASE STUDY II: Examining the steps the Bombay Stock Exchange is taking to embrace technology and drive trading within India into the next decade
James Shapiro, Head - Market Development, Bombay Stock Exchange
In this 2nd case study, Jim Shapiro as the Head of Product Development for the BSE will share his insights on how the exchange is expanding its offering and enabling participants to benefit from a number of exciting new products. He will show how the BSE intend to take a vastly increased share of the trading volumes as we enter the next decade.
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James Shapiro
Head - Market Development, Bombay Stock Exchange

11:30 EXCHANGES PANEL DISCUSSION: Innovation, transparency and co-operation – how can the exchanges facilitate more efficient trading in India?
J.N. Gupta, Executive Director, Securities & Exchange Board of India
Ravi Apte, Chief Technology Officer, National Stock Exchange
James Shapiro, Head - Market Development, Bombay Stock Exchange
M.A Sebastin,, vice President, Multi Commodity Exchange of India, Multi Commodity Exchange of India
Dominic Chee, VP Institutions - Markets Group, SGX
The domestic Indian exchanges are critical to driving trading liquidity and technology innovation in the region. In this session we bring together leading exchanges to discuss what they have in store to compete as India becomes an increasingly attractive market for domestic and international traders alike:
  • Assessing the challenges created by India’s infrastructure and the role exchanges need to play to enable more effective trading technologies
  • Examining what role SEBI and the regional exchanges can all play do to alleviate some of the common challenges faced brokers and fund managers in India
  • Evaluating what are the latest products on offer by exchanges and what services can they provide to enable the buy side to trade more effectively?
  • Striving for best execution and understanding how exchanges and traders can reduce latency to further increase the speed of their trading execution.?
  • Examining how co-location can create a more efficient trading landscape by reducing latency and increase overall trading efficiencies
  • Would India’s traders benefit from the introduction of off alternate exchange trading venues and will the regulators allow for it?
  • Examining the current level of exchanges fees and how can trading in India be made more competitive with volumes still low?
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J.N. Gupta
Executive Director, Securities & Exchange Board of India

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Ravi Apte
Chief Technology Officer, National Stock Exchange

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James Shapiro
Head - Market Development, Bombay Stock Exchange

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M.A Sebastin,
vice President, Multi Commodity Exchange of India, Multi Commodity Exchange of India

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Dominic Chee
VP Institutions - Markets Group, SGX

12:10 Driving through the benefits of electronic trading in India and examining what challenges may lie ahead?
James Rae, Director, Head of AES Sales, Southeast Asia, Credit Suisse
Srinivas Padmasola, Vice President Electronic Trading, Bank of America Merrill Lynch
Rob Laible, Head of Electronic Trading & Program Trading Sales, Asia, Nomura
Mihir Mehta, Country Head ( India ), Direct Financial Network India
International and domestic brokers are seeking to increase their market share by offering new services and products in an effort to become a ‘one stop shop’ for asset managers looking to successfully trade India. In this session we examine how they are attempting to achieve this including:
  • Evaluating what new products and services brokers are introducing to improve connectivity for their clients to trade more effectively
  • Examining the infrastructure issues of India and how they can be improved in order to facilitate more efficient trading?
  • Reviewing the current status of DMA in India and developing effective smart order routing technology to reduce latency
  • Evaluating DMA and the role it can play in creating anonymity
  • Examining the potential of Dark Pools and ATVs as a means of anonymity and assessing what other advantages they offer traders
  • How developed are the technologies of back office systems in India?
  • What practical measures can local and international brokers undertake to reduce the cost of trading for their clients?
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James Rae
Director, Head of AES Sales, Southeast Asia, Credit Suisse

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Srinivas Padmasola
Vice President Electronic Trading, Bank of America Merrill Lynch

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Rob Laible
Head of Electronic Trading & Program Trading Sales, Asia, Nomura

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Mihir Mehta
Country Head ( India ), Direct Financial Network India

1:00 Lunch & Networking Break
Lunch & Networking Break
2:00 HOT TOPIC: ALGO TRADING PANEL DISCUSSION: Delivering absolute returns by creating algorithmic trading platforms for improving execution across India
Sandeep Tyagi, Chief Executive Officer, Estee Advisors
Vikram Dhawan, Vice President, Reliance Asset Management
Prashant Bisht, Head of Algorithmic Trading, Edelweiss Capital
Hariharan S, Head of Principal Trading, o3 Capital
Stephen Edge, Director, AsiaEtrading.com
Sanjay Awasthi, Director, Equity Dealing & Derivatives, Prudential Asset Management (Singapore) Limited
It is clear that Algorithmic Trading is one of the hottest areas for traders looking to enhance their returns while reducing their volatility and exposure to risk. In this session some of India’s pioneer algo traders will share their key insights in what makes them successful and how others can easily adopt similar models to trade more efficiently, including:
  • Outlining the status and use of of algorithmic trading in India
  • Overcoming the challenges involved in creating an efficient algorithmic trading platform within India – how can they be overcome?
  • How does a trade done via algorithmic trading work in practice?
  • Developing, implementing and ultimately using algorithmic trading platforms in India?
  • Understanding how algorithmic trading can be used to better manage and mitigate risk
  • Evaluating what initiatives brokers servicing India are doing to improve algorithmic trading offerings
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Sandeep Tyagi
Chief Executive Officer, Estee Advisors

Sandeep Tyagi has recently founded his second venture, an Investment Management and Advisory firm–Estee Advisors. Estee Advisors is an alternative investment management company which aims to deliver maximized returns for the level of risk undertaken using advanced analytical algorithms. He is responsible for setting the firm’s direction, sustaining a winning culture and developing innovative finan [read more]
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Vikram Dhawan
Vice President, Reliance Asset Management

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Prashant Bisht
Head of Algorithmic Trading, Edelweiss Capital

Prashant is AVP in the Principal Strategies Group at Edelweiss Securities. He co-heads the algo trading group there. Prior to Edelweiss Prashant spent more than 5 years in the IT and BPO industry. He is an engineer and an MBA.
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Hariharan S
Head of Principal Trading, o3 Capital

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Stephen Edge
Director, AsiaEtrading.com

A student of economics and science at York University (Canada) Stephen began his career with a prominent full service brokerage firm in Toronto. He joined Etrade as an agency trader during the electronic trading revolution of the dot com heydays. Stephen moved to Hong Kong in 2004 with an appointment at Fimat a leading futures broker in Asia then on to MF Global as Vice President of Institutional [read more]
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Sanjay Awasthi
Director, Equity Dealing & Derivatives, Prudential Asset Management (Singapore) Limited

2:40 HOT TOPIC: HIGH FREQUENCY TRADING: Evaluating the impact of high frequency trading (HFT) on the indian market and what opportunities and challenges they offer market participants
Jayaram Muthuswamy, Professor School of Business, College of Business Administration, Kent State University, USA
From a commission perspective, HFT has minimal impact, but from an execution perspective it is huge. In this presentation we look at the capability of HFT in the Indian market, what are their access and technology requirements and their impact upon the execution and trading landscape overall including:
  • Identifying who the high frequency traders are
  • Evaluating the advantages and disadvantages of HFT
  • Measuring the impact HFT has upon liquidity
  • Should the SEBI introduce HFT regulation?
  • Analysing what opportunities high frequency traders provide for exchanges and brokers
  • What has been the feedback from the buy side in India so far to HFT?
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Jayaram Muthuswamy
Professor School of Business, College of Business Administration, Kent State University, USA

3:10 TECHNOLOGY PANEL DISCUSSION: Designing cost efficient resilient technology architectures for trading India
Ravi Apte, Chief Technology Officer, National Stock Exchange
Zameer Syed, Chief Technology Officer, Reliance Securities
Having reliable technology architecture in India is easy to say, but hard to achieve. Poor internet connectivity and infrastructure plus cost restrictions faced by many technology heads mean that having a trading architecture that can cope with the rigors of trading is tough.In this session we closely examine:
  • Developing best practice for trading execution processes, systems and strategies
  • Identifying what measures can be taken to improve architecture reliability
  • Integrating effective disaster recovery and back up systems to support the trading function
  • Reviewing the current status of DMA in India – and developing effective order routing technology to enable DMA efficiencies
  • Examining what technologies are available which can reduce latency such as Co-Location, DMA and Smart Order Routing
  • Examining the current levels of sophistication of trading front and back office technology and processes
  • Developing effective STP (Straight Through Processing) solutions for trading
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Ravi Apte
Chief Technology Officer, National Stock Exchange

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Zameer Syed
Chief Technology Officer, Reliance Securities

4:20 INTERNATIONAL KEYNOTE ADDRESS: Mapping the markets – analysing global markets and predicting future trends: ensuring that you are best positioned to weather the storm
Robin Griffiths, Chief Technical Strategist, Cazenove Capital Management
For over 30 years Robin Griffiths has been one of the most respected technical analysts of world equity markets, bonds, currencies and commodities. Robin has been a regular speaker on CNN, CNBC, Reuters and Bloomberg TV. The Former Chief Technical Analyst at HSBC and Chair of the International Federation of Technical Analysts, in his address Robin will discuss what are the hot areas of opportunities for buy side traders including:
  • Understanding what the global market trends are telling us?
  • Have we seen the top of the Indian market yet and what can we expect over the course of the next 1, 5, 10 and 20 years?
  • What has been the impact of the credit crunch on risk prices in India and globally?
  • Assessing his predictions on the road ahead – how worried should you be?
  • Examining the lessons to be learnt from the Indian equities market
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Robin Griffiths
Chief Technical Strategist, Cazenove Capital Management

ROBIN GRIFFITHS joined Cazenove Capital in 2008 as Technical Strategist providing strategic input and marketing support, primarily to Private Wealth Management. For over 30 years Robin Griffiths has been one of the most respected technical analysts of world stock markets, bonds, currencies and commodities. He became a technical analyst with WI Carr, based first in Hong Kong and then Tokyo before r [read more]
4:50 FUND MANAGERS PANEL: Sourcing Value Investing Opportunities in Indian Equities
Shankar Sharma, Chief Global Trading Strategist, First Global
Rakshit Sethi, Chief Executive Officer, Fair Value Capital
Robin Griffiths, Chief Technical Strategist, Cazenove Capital Management
Seth Freeman, Chief Executive Officer, EM Capital Management
Girish Bajaj, Chief Executive Officer & Strategist, GB Corp. & GB Red Drago Fund
In this second look at issues faced the buy side, international fund managers are going to share their expertise and predictions for the market in the coming years. As the world recovers from financial crisis and more recently volatility shocks, India continues to be a stellar performer. This session will focus on:
  • Examining where are the investment opportunities for fund managers and traders in India and how can traders capitalise on these investment opportunities?
  • How can volatility be reduced when trading India and what role does effective risk management play when managing an Indian portfolio?
  • Building a tactical and strategic asset allocation program for trading and investing in Indian equities
  • Assessing what the future may hold for Indian equities given the emographics of the country
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Shankar Sharma
Chief Global Trading Strategist, First Global

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Rakshit Sethi
Chief Executive Officer, Fair Value Capital

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Robin Griffiths
Chief Technical Strategist, Cazenove Capital Management

ROBIN GRIFFITHS joined Cazenove Capital in 2008 as Technical Strategist providing strategic input and marketing support, primarily to Private Wealth Management. For over 30 years Robin Griffiths has been one of the most respected technical analysts of world stock markets, bonds, currencies and commodities. He became a technical analyst with WI Carr, based first in Hong Kong and then Tokyo before r [read more]
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Seth Freeman
Chief Executive Officer, EM Capital Management

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Girish Bajaj
Chief Executive Officer & Strategist, GB Corp. & GB Red Drago Fund

5:30 ROUND TABLE DISCUSSIONS
Seth Freeman, Chief Executive Officer, EM Capital Management
Kent Rossiter, Head of Regional Trading, RCM Asia
Jayaram Muthuswamy, Professor School of Business, College of Business Administration, Kent State University, USA
In this 30 minute session, participants will have the opportunity to attend their session of choice and debate issues on hot conference themes with like minded individuals. Always a popular session with any TradeTech, the round table format allows you to pick the sessions most pertinent to your interest and business needs.

Round Table 1:

DMA, Co-Location and Smart Order Routing

Round Table 2:

ATVs and Dark Pools of Liquidity

Round Table 3:

Algorithmic Trading Platforms

Round Table 4:

High Frequency Trading and technologies to enhance trading
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Seth Freeman
Chief Executive Officer, EM Capital Management

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Kent Rossiter
Head of Regional Trading, RCM Asia

Kent joined RCM in May 1999 as the Head of Regional Asia Pacific Trading and is based in Hong Kong, which is one of RCM’s three global trading desk. As at end of 2008, RCM managed approximately US$85bn and is part of the Allianz Group that has assets under management in excess of US$1 trillion. From 1996 until 1999, Kent was the Deputy General Manager of Asian Equity Sales at Nikko Securities. Pri [read more]
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Jayaram Muthuswamy
Professor School of Business, College of Business Administration, Kent State University, USA

5:50 Round table session review
Here the moderator of each round table will provide a brief summary of their round table discussion to the entire conference audience, providing valuable feedback to the conference as a whole.
5:55 Chairman’s closing remarks
Chairman’s closing remarks.
6:00 Cocktail and Networking Reception
Cocktail and Networking Reception