May 10 - 11, 2010
Park Hyatt, Dubai, UAE

Conference Day 1

Monday 10th of May 2010

8:00 Registration & Morning Networking
Registration & Morning Networking
8:50 Conference Organiser’s Opening Remarks
Andrew Thake, Head of TradeTech Middle East & Asia,WBR
9:00 Chairman’s Opening Remark
John Gilchrist, Founder & Managing Director, reGEN sarl, Luxembourg
Chairman’s Opening Remark
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John Gilchrist
Founder & Managing Director, reGEN sarl, Luxembourg

9:10 Fostering Synergy And Regional Cooperation To Enable Growth In The Middle East Trading Marketplace
H.E Ebrahim Obaid Al Zaabi, Deputy CEO, Licensing, Supervision & Enforcement Emirates Securities & Commodities Authority
Martin Kinsky, Managing Director, Markets, Dubai Financial Services Authority
The role of the regulator underpins the capital market. In this session we bring together leading MENA regulators to offer their vision as to how they are helping trading across the region. This session will take the form of two 20 minute presentations followed by 10 minutes joint Q&A
  • What should be the role of the regulator when promoting trading opportunities for market participants in the region?
    • the role of the regulator in short-selling, capital raising and stock borrowing / lending
    • should the rules on giving licenses to international brokers
    • be relaxed?
  • How practical would it be to increase co-operation in the following areas:
    • trading opening hours
    • trading and settlement rules
  • Does short selling damage or help market efficiency?
  • What are the prospects for a regional regulator?
Reserved For Sponsors
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H.E Ebrahim Obaid Al Zaabi
Deputy CEO, Licensing, Supervision & Enforcement Emirates Securities & Commodities Authority

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Martin Kinsky
Managing Director, Markets, Dubai Financial Services Authority

Martin joined the DFSA in March 2006 as Managing Director, Markets and has overall responsibility for the DFSA's regulation of the Dubai International Financial Exchange (DIFX) and other future exchanges that may receive authorisation to operate within the DIFC. Martin was previously a Senior Executive at the Australian Stock Exchange (ASX). Over a career at the ASX spanning some 30 years, Martin [read more]
10.00 Update On The Trading Landscape In The GCC: How Can Market Participants Capitalise On The Opportunities Available And What Still Needs To Be Done To Promote Better Market Efficiency?
Dr. Fazal J. Seyyed, Chief Investment Officer, SAIB BNP Paribas Asset Management
At last year’s TradeTech Middle East conference Dr Seyyed’s presentation was the top rated presentation at the conference. Once again we are delighted to welcome him and his insights as on one of the Middle East’s most respected asset managers on the following key topics:
  • Evaluating the current attractiveness of the GCC’s economies
  • Reviewing the progress and development in improving market structures in the GCC
    • what have been the improvements in depth and breadth?
  • Analysing current levels of participation by institutional and foreign investors
  • Overcoming impediments to market, operational and regulatory efficiency
    • what role can brokers play?
    • what role can regulators play? i.e. reducing tick sizes, free float, improving levels of trading and earnings disclosure, enabling foreign participation
  • Looking ahead – what are the prospects of the IPO and sukuk issuance market in 2010-2011?
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Dr. Fazal J. Seyyed
Chief Investment Officer, SAIB BNP Paribas Asset Management

10:30 Morning Refreshment & Coffee Break
Morning Refreshment & Coffee Break
11:10 Consolidation And Co-Operation – How Can The Exchanges Encourage Trading In The Middle East?
John Gilchrist, Founder & Managing Director, reGEN sarl, Luxembourg
John W. Von Stein, Chief Operating Officer, Tadawul
Jeff Singer, CEO, Nasdaq Dubai
Rashed Al Baloushi, Deputy CEO, Abu Dhabi Securities Exchange
Craig Hewett, Chief Business Officer, Bahrain Financial Exchange
Eric Hasham, Acting CEO, Dubai Commodities & Gold Exchange
Andre Went, CEO, Qatar Exchange
The exchanges are critical to driving trading and liquidity in the region. In this session we bring together leading exchanges to discuss:
  • Back to basics – what should be the role of an exchange when promoting trading opportunities in the region?
  • What can and should exchanges we doing to encourage foreign investment and participation
  • Fragmentation: what is the potential for merger and consolidation amongst the exchanges and what would be the impact on liquidity and opportunities for market participants?
  • What are exchanges doing to encourage IPOs?
  • Improving execution for market participants through developing new trading platforms
  • Exchanges fees – how can trading the Middle East be made more competitive with volumes still low?
  • Would MENA market participants benefit from the introduction of off exchange trading venues?
  • Can we ever expect to see a pan-GCC or pan-MENA exchange?
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John Gilchrist
Founder & Managing Director, reGEN sarl, Luxembourg

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John W. Von Stein
Chief Operating Officer, Tadawul

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Jeff Singer
CEO, Nasdaq Dubai

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Rashed Al Baloushi
Deputy CEO, Abu Dhabi Securities Exchange

Rashed Al Baloushi joined Abu Dhabi Securities Exchange (ADX) in April 2000 where he played an instrumental role in the establishment of the market in November 2000. Al-Baloushi started his career at ADX as Manager of the Clearing, Settlement, Depositary & Registry (CSD) Department.Prior to joining ADX, Al-Baloushi was Head of Registrar & Depository at the Abu Dhabi Fee Zone Authority.Al-B [read more]
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Craig Hewett
Chief Business Officer, Bahrain Financial Exchange

Mr Hewett bears a wealth of international commercial experience in exchanges and business expansion activities which stretches over two decades. He is responsible for the commercial development of the Bahrain Financial Exchange (BFX) including all product development, sales and marketing activity. Mr Hewett has held a number of business development and marketing roles at the London Metal Exchange [read more]
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Eric Hasham
Acting CEO, Dubai Commodities & Gold Exchange

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Andre Went
CEO, Qatar Exchange

Mr Andre Went is CEO of the Qatar Exchange (QE). Before joining QE in 2009, Mr Went spent more than 20 years in a variety of roles at NYSE Euronext. From 2005 Mr Went was responsible for the management of the market data and index businesses of Euronext. Prior to that he was director of strategy and market development. In the 1990s, Mr Went co-led the introduction of a new trading system for the A [read more]
12:10 Driving Electronic Trading In The Middle East– What Benefits Would It Bring?
Steve Grob, Director of Group Strategy, Fidessa
Steve is responsible for Fidessa’s strategic development. This includes the development of new geographic markets and strategic partnerships and driving new industry initiatives. In Steve’s presentation he updates us on where we are with electronic trading in the Middle East covering:
  • Understanding the take up of the following amongst market participants in the Middle East
    • DMA
    • FIX
    • algorithmic trading
    • OMS (Order Management Systems) and EMS (Execution Management System)
  • How integrated is the technology of back office systems in the Middle East?
  • Evaluating the main business benefits of introducing electronic trading tools
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Steve Grob
Director of Group Strategy, Fidessa

Steve is responsible for Fidessa’s strategic development. This includes the development of new geographic markets and strategic partnerships and driving new industry initiatives. As part of this Steve heads up the firm’s strategy in response to the new post-MiFID trading landscape, managing the firm’s initiatives in conjunction with both the established exchanges and the new and emerging alternati [read more]
12:40 Reviewing Trends In The Global Market Structure: What Lessons Can The Middle East Learn?
Andrew is responsible for new product design and implementation and product management primarily for the Electronic Trading Services unit at Nomura. Bringing his 22 years of sell side experience in this presentation Andrew covers the following key issues:
  • Examining the dynamic evolution of market micro-structure and recent initiatives and how it shapes execution strategies
  • Reviewing emerging trends in trading and trading technology
  • Understanding how crossing regulations allowing dark pools increase investor confidence and add liquidity
  • Evaluating the impact of innovations in alternative execution venues and dark pools on direct execution
13:10 Extended Lunch & Networking Break
After lunch the conference splits into two streams to maximize your and your team’s time and value at the event. Stream A is in the traditional conference and panel discussion format; Stream B takes the format of interactive roundtable sessions
15:40 Designing Cost Efficient Resilient Technology Architectures For Trading The Middle East – What Is The Availability Of IT Systems To Support The Regional Trading Environment?
Steve Grob, Director of Group Strategy, Fidessa
Paul O’Kirwan, Head of IT, Dubai Mercantile Exchange
Basab Banerjee, Head of Technology, Dubai Commodities & Gold Exchange
Ali Alomran, Head of IT, Arab National Bank
Ramzi S. Tohme, Head of Operations, BlomInvest Bank
Having a reliable technology architecture in the Middle East is easy to say, 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 rigours of trading is tough. In this session we examine:
  • Examining the current levels of sophistication of trading front and back office technology and processes
  • 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
  • Developing effective STP (Straight Through Processing) solutions for trading
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Steve Grob
Director of Group Strategy, Fidessa

Steve is responsible for Fidessa’s strategic development. This includes the development of new geographic markets and strategic partnerships and driving new industry initiatives. As part of this Steve heads up the firm’s strategy in response to the new post-MiFID trading landscape, managing the firm’s initiatives in conjunction with both the established exchanges and the new and emerging alternati [read more]
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Paul O’Kirwan
Head of IT, Dubai Mercantile Exchange

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Basab Banerjee
Head of Technology, Dubai Commodities & Gold Exchange

Basab Banerjee heads the IT Team at DGCX and has been associated with the Exchange since inception in 2005. He overlooks the technology initiatives and IT operations at DGCX.Basab has more than 14 years of varied experience in the design & deployment of Application & Exchange Technology. Prior to joining DGCX, his expertise has been instrumental for setting up different world-class Exchang [read more]
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Ali Alomran
Head of IT, Arab National Bank

Ali Alomran heads Business Systems Division in Arab National Bank (ANB). He directs ANB’s technology projects and banking applications. Prior to joining ANB in 2003, he spent 10 years in Banque Saudi Fransi (BSF) where he led International Brokerage immediately after 2000 US market drop. He restructured business and recovered market position. Before that, he managed IT application development in B [read more]
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Ramzi S. Tohme
Head of Operations, BlomInvest Bank

16:10 Afternoon Refreshment & Business Card Exchange
Prime networking opportunity. Bring plenty of business cards. The Business card exchange provides the ideal platform to informally meet your fellow delegates. Structured around a series of 5 minute introductions, this is your opportunity to gather new contacts, set up meetings, or just get to know your peers who will shape the future of trading in the Middle East. Consistently voted as one of the top events of attending a TradeTech event this is a must attend session.
16:50 Understanding And Overcoming The Challenges Faced By Asset Managers and Brokers When Trading The Middle East
Catherine Doherty, Regional CEO, Investit MENA
Fadi Al Said, Head of Equities, ING Investment Management Middle East
Anjali Braham, Senior Trader, Institutional Equities, HSBC
Nicholas Wright, Head of Institutional Brokerage, Mubasher Financial Services
Hamood Al Yasi, General Manager, Emirates NBD Securities
Jalal Taji Faruki, Head of Institutional Brokeragel, Al Mal Capital PSC
Stuart Adams, EMEA Regional Director, FIX Protocol
International participants who trade the Middle East often don’t fully understand or appreciate the challenges caused by issues such as lack of access to exchanges by their brokers, slowness in execution and differences in trading and settlement issues. In this panel we explore some of these areas in greater depth, in particular exploring the implications of the following:
  • Identifying the specific challenges faced by brokers and asset managers when dealing with the following problems:
    • low liquidity levels
    • fragmentation
    • high cost of trading
    • foreign ownership limits in some countries
    • lack of direct exchange access and availability of broker licenses for foreign participants
    • local broker fees and varying service levels such as the ability to deal with complex orders
    • limited algos and DMA availability
    • poor information flow along the trading value chain
    • delivery versus payment issues when trading shares
    • local rules such as NINs in the UAE
  • What can be done to alleviate the above?
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Catherine Doherty
Regional CEO, Investit MENA

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Fadi Al Said
Head of Equities, ING Investment Management Middle East

Fadi joined ING Investment Management, Dubai, as Director of equities and the senior fund manager. Most recently, Fadi was a senior fund manager in the Asset Management division at NBD Investment Bank where he managed the two flagship funds (MENA equities and GCC balanced funds). Fadi was previously at Noor Capital where he was a Senior Vice President heading up the Asset Management division. He a [read more]
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Anjali Braham
Senior Trader, Institutional Equities, HSBC

After graduating with first class honours from Oxford University, Anjali actually began her career producing TradeTech conferences but found the buzz of the trading floor so alluring that she decided to work for a bank. Anjali has worked at HSBC since 2006 and, after starting out in equity sales, she became a trader and has been trading cash equities in the Gulf region for 3 years. She recently re [read more]
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Nicholas Wright
Head of Institutional Brokerage, Mubasher Financial Services

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Hamood Al Yasi
General Manager, Emirates NBD Securities

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Jalal Taji Faruki
Head of Institutional Brokeragel, Al Mal Capital PSC

Jalal Faruki has over 8 years of experience in Brokerage and Asset Management between the USA and UAE. He started his career in the USA as a stockbroker with DMG Securities, than worked with ProFund Advisors as an institutional Trading Representative. In 2006, he moved to the UAE with Al Mal Capital where he has held several positions in the proprietary, asset management and brokerage departments. [read more]
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Stuart Adams
EMEA Regional Director, FIX Protocol

Stuart Adams has been the FIX Protocol EMEA Regional Director since March 2009. Working closely with members, exchanges, ECNs and regulators across the region, Mr. Adams is responsible for building stronger relationships with this market sector and generating a greater understanding of how the FIX Protocol may be used to increase market efficiency. Mr. Adams has worked in the financial technology [read more]
17:50 Chairman’s Closing Remarks
John Gilchrist, Founder & Managing Director, reGEN sarl, Luxembourg
Chairman’s Closing Remarks
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John Gilchrist
Founder & Managing Director, reGEN sarl, Luxembourg

18:00 Cocktail & Networking Reception
Relax and unwind at our cocktail reception where you will get the opportunity to meet the speakers and delegates in a more informal environment and carry on those discussions from earlier on in the day. TradeTech Middle East is not just 2 days out of the office learning from the best about trading opportunities in the region– it is also an excellent opportunity to meet all the key regional and international players in just two days.