Main Conference Day One

Wednesday, February 27, 2013

7:00 Registration & Breakfast

Registration & Breakfa

7:55 Opening Remarks

Ian McRae Executive Director TradeTech

8:00 Chairperson’s Welcome Address

Chairperson’s Welcome Address

8:15 Morning Keynote Presentation: Models. Behaving. Badly. Why Confusing Illusion With Reality Can Lead To Disaster, On Wall Street And In Life

Emanuel Derman, Author and Professor, Industrial Engineering and Operations Research Department, Columbia University

Quants, physicists working on Wall Street as quantitative analysts, have been widely blamed for triggering financial crises with their complex mathematical models. Their formulas were meant to allow Wall Street to prosper without risk. Though such models imitate the style of physics and employ the language of mathematics, theories in physics aim for a description of reality— but in finance, models can shoot only for a very limited approximation of reality. Emanuel Derman is one of the financial engineers whose mathematical models became crucial for Wall Street during his days at Goldman Sachs. In this session, he shares how we can mend today’s broken models to generate alpha in current markets.

Emanuel Derman

Author and Professor, Industrial Engineering and Operations Research Department, Columbia University

9:05 Panel: Improving Trade Performance By Establishing Best Practices For Dark Pool Trading & Venue Selection

Derrick Chan, Vice President, Product Development, Fidelity Capital Markets
Richard Johnson, Head of Quantitative Electronic Services, Americas, Société Générale
David Margulies, Head of Electronic Products Group, Weeden & Co.
Lee Morakis, Managing Director, Bank of America Merrill Lynch

With a dozen exchanges and more than 40 different ATSs in the market, it’s becoming increasingly difficult to source viable liquidity and find the best trading venue. This panel of the industry’s top market experts explores:

How can you determine the appropriate venue and industry sector in today’s fragmented market?
What are the best methods for selecting a dark pool that best corresponds with your trading tactics?
What criteria should you consider when narrowing down your dark pool venues?
How can you judge the purity or toxicity of a dark pool before it drastically affects your trade performance?
What are the less obvious factors you need to consider in the broker-neutral vs. broker-sponsored dark book debate?

Derrick Chan

Vice President, Product Development, Fidelity Capital Markets

Richard Johnson

Head of Quantitative Electronic Services, Americas, Société Générale

David Margulies

Head of Electronic Products Group, Weeden & Co.

Lee Morakis

Managing Director, Bank of America Merrill Lynch

9:50 High Frequency Trading - An Artificial Industry

Haim Bodek, Managing Principal, Haim Bodek Consulting, LLC

Haim Bodek gained rare insight during his time at Trading Machines, a high frequency options trading firm that executed upwards of a half percent of the US options market. It was brought to Haim’s attention that exchanges were sharing special order types (i.e. hide not slide, queue jumping) that put traditional investors at a disadvantage. Now he’s using that insight to radically change the financial environment where he developed his trade.

Understanding the key properties of high speed trading scalping strategies (0+ and more recent variants)
Gaining a sense of the structural relationship between Reg NMS and HFT
Shedding light on high speed order types and exchange matching engine features
Identifying strategies for trading in markets where high speed traders are advantaged
Reviewing upcoming regulatory developments in regard to HFT activity and the exchanges

Haim Bodek

Managing Principal, Haim Bodek Consulting, LLC

10:30 Morning Refreshment & Networking Break

Morning Refreshment & Networking Break

11:00 ING Global Perspectives: Markets, Insights & Opportunities

Douglas Cote, Chief Market Strategist, ING Investments Management Americas

Predicting which fundamental strategies will press on in 2013 despite noise and volatility
Identifying global risks facing the market in 2013-2014 to better position your trading desk for success
Understanding the longer term “tectonic shifts” that will influence global growth in the coming years

Douglas Cote

Chief Market Strategist, ING Investments Management Americas

11:45 Exchange Executive Panel: How Will Upcoming Technological Changes And Behavioral Shifts Impact Broker Dealers?

William Brodsky, Chairman and Chief Executive Officer, Chicago Board Options Exchange
Joe Gawronski, President & Chief Operating Officer, Rosenblatt Securities
Joe Ratterman, President & CEO, BATS Global Markets

Join Joe Gawronski, President & Chief Operating Officer, Rosenblatt Securities – one of the industry’s sharpest minds as he discusses with top exchange executives how they are planning for the future of our quickly evolving marketplace. There is no better opportunity to get insight from key industry leaders as they discuss economic concerns, forecasts and the future of regulation. The 2013 session is not to be missed! Please see www.tradetechusa.com for updated details.

William Brodsky

Chairman and Chief Executive Officer, Chicago Board Options Exchange

Joe Gawronski

President & Chief Operating Officer, Rosenblatt Securities

Joe Ratterman

President & CEO, BATS Global Markets

Joe Ratterman is president and chief executive officer of BATS Global Markets, Inc. (BATS), one of the world’s largest securities market operators and the parent company of the BATS Exchanges, BATS Options and BATS Chi-X Europe. A market structure practitioner, he is a frequent panellist and presenter at industry conferences, and also opines on key topics, regulato [read more]

12:45 Lunch For All Attendees

Lunch For All Attendees

STREAM ONE: Head Trader Think Tank & Emerging Market...STREAM TWO: Progressive Trading Strategies Forum

1:30 Head Trader Think Tank

STREAM ONE: Head Trader Think Tank & Emerging Markets Interactive Workshop

Ed Doyle, Senior Equity Trader, Pioneer Investments

Sponsored by Bank of America Merrill Lynch

The Think Tank is an invite-only session reserved for only 35 buy side head traders. The chairperson of the Think Tank, Lee Morakis, Head of Execution Services, America at Bank of America Merrill Lynch, will introduce topics and discussion points to the participants, while three buy side roundtable moderators facilitate small group discussion.The Think Tank is consistently cited as most buy side traders' favorite part of TradeTech. But don’t take it from us. Listen to the participants:Interested in attending this year’s Head Trader Think Tank? You can find out if you qualify by getting in touch with Rob Golen at 416-597-4771 or robert.golen@wbresearch.com.

Ed Doyle

Senior Equity Trader, Pioneer Investments

1:30 Chairperson’s Afternoon Address

STREAM TWO: Progressive Trading Strategies Forum

Bernard Donefer, Adjunct Associate Professor, NYU Stern School of Business

No session description available.

Bernard Donefer

Adjunct Associate Professor, NYU Stern School of Business

STREAM ONE: Head Trader Think Tank & Emerging Market...STREAM TWO: Progressive Trading Strategies Forum

1:30 Head Trader Think Tank

STREAM ONE: Head Trader Think Tank & Emerging Markets Interactive Workshop

Ed Doyle, Senior Equity Trader, Pioneer Investments

Sponsored by Bank of America Merrill LynchThe Think Tank is an invite-only session reserved for only 35 buy side head traders. The chairperson of the Think Tank, Lee Morakis, Head of Execution Services, America at Bank of America Merrill Lynch, will introduce topics and discussion points to the participants, while three buy side roundtable moderators facilitate small group discussion.The Think Tank is consistently cited as most buy side traders' favorite part of TradeTech. But don’t take it from us. Listen to the participants:Interested in attending this year’s Head Trader Think Tank? You can find out if you qualify by getting in touch with Rob Golen at 416-597-4771 or robert.golen@wbresearch.com.

Ed Doyle

Senior Equity Trader, Pioneer Investments

STREAM ONE: Head Trader Think Tank & Emerging Market...STREAM TWO: Progressive Trading Strategies Forum

1:30 (cont') Interactive Industry Roundtable Discussions: How To Pay Your Mid-Tier Brokers

STREAM ONE: Head Trader Think Tank & Emerging Markets Interactive Workshop

Ed Doyle, Senior Equity Trader, Pioneer Investments

Sponsored by Bank of America Merrill LynchThe Think Tank is an invite-only session reserved for only 35 buy side head traders. The chairperson of the Think Tank, Lee Morakis, Head of Execution Services, America at Bank of America Merrill Lynch, will introduce topics and discussion points to the participants, while three buy side roundtable moderators facilitate small group discussion.The Think Tank is consistently cited as most buy side traders' favorite part of TradeTech. But don’t take it from us. Listen to the participants:Interested in attending this year’s Head Trader Think Tank? You can find out if you qualify by getting in touch with Rob Golen at 416-597-4771 or robert.golen@wbresearch.com.

Ed Doyle

Senior Equity Trader, Pioneer Investments

2:55 Afternoon Refreshment & Networking Break

Afternoon Refreshment & Networking Break

STREAM ONE: Head Trader Think Tank & Emerging Market...STREAM TWO: Progressive Trading Strategies Forum

3:20 Emerging Markets Interactive Panel & Roundtable Workshop

STREAM ONE: Head Trader Think Tank & Emerging Markets Interactive Workshop

Are you looking to take advantage off of opportunities in developing and fast-growing local markets? Attending our first Emerging Markets Workshop will enable you to gain insight from our market experts before engaging in an interactive roundtable session to discuss how to best configure your own trading strategies. After participating in this workshop, you will be better prepared to:

Navigate market data and complex workflow tools for emerging and frontier markets
Partner with your execution management vendor to improve your trade analysis
Forecast developments in infrastructure and regulatory measures in various markets
Establish your own protocol and risk assessment for entering a new market

3:20 Panel: Developing Your Flexible & Dependable OMS/EMS Strategy

STREAM TWO: Progressive Trading Strategies Forum

Des Gallacher, Director, Product Management, Charles River Development
David Hagen, VP and Global Trading Product Manager, Linedata
Robin Strong, Director, Buy-side Market Strategy, Fidessa
Tom Whelan, Head of U.S. Product Sales, Instinet

In today’s volatile markets, traders need responsive order and execution management systems that are going to adapt to their desks’ evolving strategies on the fly. This panel explores how to best develop streamlined systems that allow for flexibility.

Configuring your systems to tap into dark pools that will give you the flow that you require
Boosting the efficiency of your desk by streamlining your systems and eliminating redundant EMSs
Forecasting for modifications, maintenance and changes to your trading strategies
Establishing strategies for getting your technical issues resolved in a timely manner

Des Gallacher

Director, Product Management, Charles River Development

David Hagen

VP and Global Trading Product Manager, Linedata

Dave Hagen, VP and Global Trading Product Manager Linedata, has over 20 years’ experience in the financial services industry. His responsibilities include managing key accounts at the strategic level as well as articulating the vision and steering development of the award-winning Linedata trading systems. Prior to joining Linedata in 2006, Dave spent over 14 years on the Exchange floor as a trader [read more]

Robin Strong

Director, Buy-side Market Strategy, Fidessa

Robin is responsible for the market positioning of Fidessa's buy-side solutions. He has led the market strategy for the buy-side operation since 2008, playing a key role in driving the business through a period of considerable investment in its products and services globally. Robin has also played a significant part in highlighting the value of Fidessa's fragmentation analysis tools to the wider b [read more]

Tom Whelan

Head of U.S. Product Sales, Instinet

STREAM ONE: Head Trader Think Tank & Emerging Market...STREAM TWO: Progressive Trading Strategies Forum

3:20 Emerging Markets Interactive Panel & Roundtable Workshop

STREAM ONE: Head Trader Think Tank & Emerging Markets Interactive Workshop

Navigate market data and complex workflow tools for emerging and frontier markets
Partner with your execution management vendor to improve your trade analysis
Forecast developments in infrastructure and regulatory measures in various markets
Establish your own protocol and risk assessment for entering a new market

3:55 Interactive Industry Roundtable Discussions: OMS/EMS Strategy

STREAM TWO: Progressive Trading Strategies Forum

Robin Strong, Director, Buy-side Market Strategy, Fidessa

No session description available.

Robin Strong

Director, Buy-side Market Strategy, Fidessa

STREAM ONE: Head Trader Think Tank & Emerging Market...STREAM TWO: Progressive Trading Strategies Forum

3:20 Emerging Markets Interactive Panel & Roundtable Workshop

STREAM ONE: Head Trader Think Tank & Emerging Markets Interactive Workshop

Navigate market data and complex workflow tools for emerging and frontier markets
Partner with your execution management vendor to improve your trade analysis
Forecast developments in infrastructure and regulatory measures in various markets
Establish your own protocol and risk assessment for entering a new market

5:10 TradeTech 2013 Cocktail Gala

Relax after the conference, enjoy a few cocktails and meet new contacts to add to your network!






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	Interested In Sponsoring?
	Send me email updates

Main Conference Day One

Wednesday, February 27, 2013

Emanuel Derman Author and Professor, Industrial Engineering and Operations Research Department, Columbia University

Derrick Chan Vice President, Product Development, Fidelity Capital Markets

Richard Johnson Head of Quantitative Electronic Services, Americas, Société Générale

David Margulies Head of Electronic Products Group, Weeden & Co.

Lee Morakis Managing Director, Bank of America Merrill Lynch

Haim Bodek Managing Principal, Haim Bodek Consulting, LLC

Douglas Cote Chief Market Strategist, ING Investments Management Americas

William Brodsky Chairman and Chief Executive Officer, Chicago Board Options Exchange

Joe Gawronski President & Chief Operating Officer, Rosenblatt Securities

Joe Ratterman President & CEO, BATS Global Markets

Ed Doyle Senior Equity Trader, Pioneer Investments

Bernard Donefer Adjunct Associate Professor, NYU Stern School of Business

Ed Doyle Senior Equity Trader, Pioneer Investments

Ed Doyle Senior Equity Trader, Pioneer Investments

Des Gallacher Director, Product Management, Charles River Development

David Hagen VP and Global Trading Product Manager, Linedata

Robin Strong Director, Buy-side Market Strategy, Fidessa

Tom Whelan Head of U.S. Product Sales, Instinet

Robin Strong Director, Buy-side Market Strategy, Fidessa

Emanuel Derman

Author and Professor, Industrial Engineering and Operations Research Department, Columbia University

Derrick Chan

Vice President, Product Development, Fidelity Capital Markets

Richard Johnson

Head of Quantitative Electronic Services, Americas, Société Générale

David Margulies

Head of Electronic Products Group, Weeden & Co.

Lee Morakis

Managing Director, Bank of America Merrill Lynch

Haim Bodek

Managing Principal, Haim Bodek Consulting, LLC

Douglas Cote

Chief Market Strategist, ING Investments Management Americas

William Brodsky

Chairman and Chief Executive Officer, Chicago Board Options Exchange

Joe Gawronski

President & Chief Operating Officer, Rosenblatt Securities

Joe Ratterman

President & CEO, BATS Global Markets

Ed Doyle

Senior Equity Trader, Pioneer Investments

Bernard Donefer

Adjunct Associate Professor, NYU Stern School of Business

Ed Doyle

Senior Equity Trader, Pioneer Investments

Ed Doyle

Senior Equity Trader, Pioneer Investments

Des Gallacher

Director, Product Management, Charles River Development

David Hagen

VP and Global Trading Product Manager, Linedata

Robin Strong

Director, Buy-side Market Strategy, Fidessa

Tom Whelan

Head of U.S. Product Sales, Instinet

Robin Strong

Director, Buy-side Market Strategy, Fidessa