Main Conference Day Two

8.50 Chair’s opening remarks Ronald Fons, Head of Financial Service Sector, Huawei Chair’s opening remarks Ronald Fons Head of Financial Service Sector, Huawei

9.00 New concepts and technologies for High Frequency Trading Tobias Preis, Founder & Managing Director, Artemis Capital Asset Management No session description available. Tobias Preis Founder & Managing Director, Artemis Capital Asset Management Tobias Preis is a German physicist and founder of the Artemis Capital Asset Management GmbH. Born in Limburg an der Lahn, Germany, he performed complex systems research with H. Eugene Stanley at Boston University and Dirk Helbing at ETH Zurich. He was awarded a Ph.D. in physics from the Johannes Gutenberg University of Mainz and was a junior member of the Gutenberg Academy. His current research fo [read more]

9.30 Preparing for the coming era of Asian HFT Daeyoung Kim, Head of Core Technology R&D Team, Korea Exchange No session description available. Daeyoung Kim Head of Core Technology R&D Team, Korea Exchange Daeyoung Kim is the head of Core Technology R&D Team at Korea Exchange. Currently he is leading the project of developing EXTURE+ trading system. He previously designed the core architecture of the current EXTURE trading system and he held various positions at KRX, including the head of IT Control Center and the manager at IT Planning Dept. Prior to join the exchange, Daeyoung serv [read more]

10.00 Latency - Who cares? Paul Chew, Partner Asia Pacific, Citihub Asia Pacific financial markets are rapidly evolving. New markets offering high speed alternative execution venues are introducing competition; exchanges across the region are making significant improvements in the performance of their matching engines. How do we expect the Asia Pacific markets to evolve further? What will the evolution mean for market particpants? Why should market participants prioritise their technology investments on reducing latency? Where should buy and sell side firms target their technology investment for optimal improvements in capacity and performance? Paul Chew Partner Asia Pacific, Citihub Paul is Partner for the Asia Pacific region and a globally recognised expert in eTrading and Market Data systems. He specialises in combining pragmatism with architecture and delivery expertise to turnaround global, business-critical technology and organisational change programmes and quickly deliver measurable results. Paul has lived in London, New York and Singapore and has 6 years consulting ex [read more]

10.30 Morning coffee break and opportunity to view exhibition Morning coffee break and opportunity to view exhibition

11.00 A global survey of low latency trading system designs using messaging Bob Van Valzah, Director, Product Marketing, Informatica, formerly 29West No session description available. Bob Van Valzah Director, Product Marketing, Informatica, formerly 29West Bob left TIBCO in 2004 to launch 29West. The goal was to define a new market for ultra-low-latency messaging and pioneer the daemonless, serverless design that now sets all the performance standards. Since 29West became a part of Informatica in 2010, their industry leadership has only grown stronger.Bob was in on the ground floor of microprocessors in 1975, C in 1977, Unix and the ARPAnet in 1979, [read more]

11.30 What is the role of the big brokers in drive towards low latency? Hani Shalabi, Director, Head of Advanced Services, Credit Suisse Greg Lee, Director, Head of Autobahn Equity Asia, Deutsche Securities Gabriel Butler, Director, Head of Global Execution Services Asia, Bank of America Merrill Lynch Ian Smith, Head of Asia Electronic Trading Product, Citigroup Sinan Baskan, Vice President, FSI Solutions Group, Worldwide Field Operations, Sybase Joseph Sarcona, Executive Director, Morgan Stanley Bulge bracket firms are looking to get a foothold in the HFT business as a result of proposed new regulations that will alter the playing field for sponsored access. To get into the game, brokerage firms are ramping up their technology capabilities to increase their speed. But once they gain control, will they still need to play the speed game? HFT increases volatility and systemic risk so many commentators warn that the quest for more speed can only lead to disaster as risk management process is eroded in favor of low latency. In what direction are the big brokers taking us? Is the speed strategy evolutionary or are we heading the direction of the concorde? How attractive is the big brokerage platform compared with the small service firms? Has competition in the HFT brokerage space created more efficiency in the cost of trading? Who will be the HFT service leaders in 5 years and what will be their key selling proposition? Hani Shalabi Director, Head of Advanced Services, Credit Suisse Hani Shalabi joined Credit Suisse Hong Kong in June 2008. He currently heads the electronic trading team, AES, for Asia Pacific in charge of electronic equities, multi-asset and high frequency trading. Previously, Hani managed the Electronic Trading team for UBS in Hong Kong, covering non-Japan Asia. Before that, Hani worked for Morgan Stanley in Hong Kong, Japan and New York. Hani holds a degree [read more] Greg Lee Director, Head of Autobahn Equity Asia, Deutsche Securities Greg Lee is Head of the Deutsche Bank Autobahn Equity trading group for the Asian region. Deutsche Bank Autobahn Equity is the Bank's Direct Market Access and Algorithmic trading platform. Greg has spent his entire career in electronic trading, starting out at Tibco Finance Technology before moving to Reuters and UBS and has built, deployed and managed trading systems in Australia, New Zealand, Un [read more] Gabriel Butler Director, Head of Global Execution Services Asia, Bank of America Merrill Lynch Gabriel Butler is a Director of Asia Execution Sales at Bank of America Merrill Lynch. He is based in Hong Kong. In this role, Gabriel is responsible for developing and implementing optimal trading strategies to help clients achieve best execution across each of the markets in the Asia Pacific region. In addition, he oversees the electronic trading sales team. Prior to joining BofAML, Gabriel spen [read more] Ian Smith Head of Asia Electronic Trading Product, Citigroup Sinan Baskan Vice President, FSI Solutions Group, Worldwide Field Operations, Sybase Sinan is responsible for Business Development for the Financial Services Sector at Sybase is a member of the Worldwide Sales and Marketing team. Previously, he led the development of the Sybase’s RAP solution in the Product and Technology Group at Sybase. He has held various positions at Sybase in engineering, Professional Services and Product Management. Prior to Sybase he worked at IBM, KPMG and [read more] Joseph Sarcona Executive Director, Morgan Stanley Joseph Sarcona joined Morgan Stanley in New York in 2000. He is an Executive Director in the Firm's Institutional Equities Division responsible for Electronic Trading for Non-Japan Asia. He has been based in HK since 2007.

12.10 Maximising efficiency and transparency in cross border trading to enable you to evolve your architecture Neil Katkov, Senior Vice President, Head of Asia, Celent, a part of Oliver Wyman Adikin Basirun, Director of Technology, Indonesia Stock Exchange Daniel Lee, Business Director, DBS Vickers Securities TK Yap, Executive Director, OCBC Securities Esther Low, Deputy Director, Kenanga Investment Bank Neil Katkov Senior Vice President, Head of Asia, Celent, a part of Oliver Wyman Neil Katkov is Senior Vice President, Asia, for Celent, a global provider of strategic business and IT research and consulting for the financial industry. His areas of expertise include the Asian financial services industry, capital markets structure and electronic trading, and compliance issues including anti-money laundering and business continuity planning. Dr. Katkov is widely quoted in the pr [read more] Adikin Basirun Director of Technology, Indonesia Stock Exchange IDX Director of Information Technology and Risk Management since July 2009. Born in Medan, 11 May 1970. He has more than one decade of managerial experience at PT Pacific Duaribu Investindo with the last position as President Director, after holding the position of Operational Director at the same company. Starting his career since 1992 as an Accountant, Project Controller, then Senior Dealer at s [read more] Daniel Lee Business Director, DBS Vickers Securities TK Yap Executive Director, OCBC Securities Esther Low Deputy Director, Kenanga Investment Bank

12.40 Presentation (talk title tbc) Chen Wang, Founder & President, HXW Trading No session description available. Chen Wang Founder & President, HXW Trading Chen Wang is founder and president of HXW Trading Limited, an Asia based exchange member proprietary trading firm specializing in high frequency automated trading of listed equity derivative products. Prior to forming HXW, he was Chief Technology Officer of O'Connor and Company (acquired by Fortis and now ABN Amro Bank, N.V.), specializing in providing electronic trading, and clearing services for [read more]

13.10 Networking lunch and opportunity to view exhibition Networking lunch and opportunity to view exhibition

Stream A: Low Latency IntegrationStream B: Advanced Acdemic Insights into HFT 14.10 Chair’s Opening remarks Stream A: Low Latency Integration Ronald Fons, Head of Financial Service Sector, Huawei Chair’s Opening remarks Ronald Fons Head of Financial Service Sector, Huawei 14.30 Chair’s Opening remarks Stream B: Advanced Acdemic Insights into HFT Jay Muthuswamy, Professor, Kent State University Chair’s Opening remarks Jay Muthuswamy Professor, Kent State University Dr. Muthuswamy holds a PhD in Finance from the University of Chicago, an MS in Statistics from Stanford University, an MBA in Finance from Wharton, and a bachelor’s degree from the London School of Economics. His research interests are in the pricing of derivatives, asset price equilibrium, financial econometrics, and high-frequency hedge fund trading strategies. Dr. Muthuswamy is currently with K [read more]

Stream A: Low Latency IntegrationStream B: Advanced Acdemic Insights into HFT 14.20 Analysis of HFT activity in KRX and its impact on the market quality Stream A: Low Latency Integration InHyung Lee, Head of Capital Markets, Korea Capital Markets Institute In terms of volume, KRX is responsible for half of all Asia-Pacific volume and is the world’s second most liquid market after the NASDAQ stock exchange. It’s hardly surprising that commentators see massive potential for HFT in South Korea. To date, the KRX has been slow to implement HFT support strategies but that seems certain to change. The big question is what form HFT will take as the KRX has recently stated that it will act to prevent traders using technology to disadvantage less sophisticated traders. This address examines the experience of HFT in South Korea, what they perceive as a fair use of technology and how the KRX should evolve to keep pace with the global trading market. HFT strategies used in Korea Active HFT firms in Korean market KRX strategies to protect investors Impact of TSE and Arrowhead on KRX InHyung Lee Head of Capital Markets, Korea Capital Markets Institute 14.10 - 15.40 Three leading academic insights - Utilising next generation ultra high frequency hardware advancements to create micro second advantages Stream B: Advanced Acdemic Insights into HFT Thomas Stace, Senior Lecturer, University of Queensland Sean D Barrett, Research Associate, Imperial College Ultra-high frequency trading takes speed to the next level - to the millionths of a second. To conduct ultra-HFT, dedicated software is not enough, you need to implement dedicated hardware such as GPU accelerators, FPGA chip sets and other types of exotic silicon. For international trades, you also need to optimise your fiber network. But that’s the old news. Here we profile new strategies that will become the standard fare in 2012 and beyond. Applying FPGAs and hardware to the risk management and order processing Reducing light speed latency over long distance by repositioning computers Preparing for laser and fibre based 50 gigabits per second processors Buildingreal-lifequantumcomputingsystemstofacilitateultra-HFT Thomas Stace Senior Lecturer, University of Queensland Sean D Barrett Research Associate, Imperial College

14.50 Demystifying automated trading solutions and risk management tools Stream A: Low Latency Integration Kwong Cheng, Head of Global Account Management Asia, Chicago Mercantile Exchange Benefits of High-frequency trading through CME Group An overview of CME Group’s surveillance and risk management tools Options and offerings of automated application Kwong Cheng Head of Global Account Management Asia, Chicago Mercantile Exchange

15.05 How are commodity exchanges capitalising on the growth of low latency? Stream A: Low Latency Integration Neil Katkov, Senior Vice President, Head of Asia, Celent, a part of Oliver Wyman Stephane Lannoy, Executive Director, Hong Kong Mercantile Exchange Kwong Cheng, Head of Global Account Management Asia, Chicago Mercantile Exchange The Commodity Futures Trading Commission estimates that highfrequency traders now account for about one-third of all volume on domestic futures exchanges. Given speed is money, we have to ask what are the traditional commodity exchanges doing to lure the HFT business. Is it time that they considered providing colocation services? Reviewing initiatives that commodity exchanges have introduced to be come more HFT friendly in Asia - how successful have they been? What lessons can be learnt from the US and European experience? Neil Katkov Senior Vice President, Head of Asia, Celent, a part of Oliver Wyman Neil Katkov is Senior Vice President, Asia, for Celent, a global provider of strategic business and IT research and consulting for the financial industry. His areas of expertise include the Asian financial services industry, capital markets structure and electronic trading, and compliance issues including anti-money laundering and business continuity planning. Dr. Katkov is widely quoted in the pr [read more] Stephane Lannoy Executive Director, Hong Kong Mercantile Exchange Mr Lannoy focuses on the day-to-day management of HKMEx’s operations and technology teams.Prior to joining HKMEx, Mr Lannoy was most recently Executive Director and co-owner for AsiaEx Consulting Services, a Singapore-based firm focused on facilitating access to derivative and cash markets in Asia. He also has served at RTS Realtime as Asia Pacific Managing Director and at Fimat as Chief Informati [read more] Kwong Cheng Head of Global Account Management Asia, Chicago Mercantile Exchange

15.20 Afternoon break and opportunity to view exhibition Afternoon break and opportunity to view exhibition

15.50 Analysing high frequency data - New techniques for new problems Jay Muthuswamy, Professor, Kent State University High Frequency data is copious on the order of terabytes. To even make sense of such data requires the right econometrics and techniques. In this session we will look at: How to make sense of very large data sets What sorts of tools and statistical procedures are required Hardware and software requirements Price synchronisation Some classical economic models for high frequency data analysis How to look at arbitrage possibilities with historic data Who to hire for such high frequency data analysis Jay Muthuswamy Professor, Kent State University Dr. Muthuswamy holds a PhD in Finance from the University of Chicago, an MS in Statistics from Stanford University, an MBA in Finance from Wharton, and a bachelor’s degree from the London School of Economics. His research interests are in the pricing of derivatives, asset price equilibrium, financial econometrics, and high-frequency hedge fund trading strategies. Dr. Muthuswamy is currently with K [read more]

16.40 Interview: Future trends and HFT opportunities in Asia Brian Brown, Founder & Managing Director, Shogi Group Amanda Lee, Business Reporter, South China Morning Post No session description available. Brian Brown Founder & Managing Director, Shogi Group Brian R Brown is a Wall Street veteran in quantitative trading, and author of Chasing the Same Signals. He is a former executive from Morgan Stanley in Hong Kong, where he was influential to Asian reforms that enhanced market efficiency and attracted global investors. Mr. Brown previously managed statistical arbitrage portfolios for Trout Trading Management, a pioneer in high frequency trading. He [read more] Amanda Lee Business Reporter, South China Morning Post

17.00 Chair’s closing remarks and close of conference Chair’s closing remarks