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| 8.00 Registration and
breakfast |
8.30 Welcome address
Phil Albinus, Editor,
WATERS
8.40 Keynote
address
Kevin
Bourne, Managing Director, Global Head of
Execution Trading, HSBC BANK
PLC
9.20 CIO roundtable
discussion
. What are the priorities for
CIOs and CTOs in 2006?
. New I.T. investment
over the next year: Balancing the need for
tactical solutions to support existing business
and growth vs. longer term strategic goals
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Deploying the optimal mix of technology resources
within a firm, including employees, contractors
and outsourcing
. Technology innovation: In
which areas should we expect the most significant
advances in new technology over the next couple of
years?
Moderator:
Phil Albinus, Editor, WATERS
Mike
Ashworth, Chief Information Officer, JPMorgan
Investment Bank, JPMORGAN CHASE
Rick Berk,
Partner & Chief Information Officer, BROWN
BROTHERS HARRIMAN
Bob Ettl, Global Chief
Technology Officer, ALLIANZ GLOBAL
INVESTORS
Samuel Gaer, Chief Executive
Officer, NYMEX EUROPE LIMITED & Chief
Information Officer, NEW YORK MERCANTILE EXCHANGE,
INC.
James R. Krause, Managing Director
& Chief Information Officer, CHICAGO
MERCANTILE EXCHANGE INC.
Steven J. Randich,
Executive Vice President of Operations and
Technology, Chief Information Officer, THE NASDAQ
STOCK MARKET, INC. |
| 10.20 Morning break and
opportunity to visit the
exhibition |
|
STREAM
ONE:
THE BUSINESS OF TRADING - ALGORITHMIC
TRADING, ELECTRONIC EXECUTION AND TRANSACTION COST
ANALYSIS |
STREAM
TWO:
COMPLIANCE, TECHNOLOGY & VENDOR
MANAGEMENT |
| 10.50 Chairman's opening
remarks |
10.50 Chairman's opening remarks |
11.00 Panel discussion: Trading nirvana -
algorithmic trading, electronic execution and the
road to the perfect trade
. Current status
of algorithmic trading and evaluation of existing
products
. What should buy-side firms consider
when selecting an algorithmic trading
solution?
. What types of trade are algorithms
best suited to and how can you get the best
performance?
. How will algorithmic trading
continue to develop for equities and other markets
- what are the barriers to its future
expansion?
Moderator: Randy L.
Grossman, Research Manager, Institutional
Trading & Investment Management, FINANCIAL
INSIGHTS
Scott Atwell, Manager, FIX
Trading & Connectivity, AMERICAN CENTURY
INVESTMENTS
Sinan Baskan, Senior Product
Manager, Financial Services, SYBASE INC.
Guy
Cirillo, Vice President, Global Channel Sales
Manager, AES, CREDIT SUISSE FIRST
BOSTON
Eric Doyle, Global Industry
Manager for Financial Services, INTEL
CORPORATION
Andrew Rowland, Managing
Director, Head of E-Trading, DRESDNER KLEINWORT
WASSERSTEIN |
11.00 Panel discussion: Technology meets
the business-side on the road to
compliance
. Current compliance challenges
facing end-user firms and the technology required
to support these
. Managing competing
priorities faced by I.T., compliance and
businesslines and establishing an appropriate
level of investment in compliance
. Developing
and implementing low-cost technology solutions:
What are the options available to firms?
.
Innovation in a heavily regulated industry: Is the
current level of regulation stifling new product
innovation?
Moderator: Evan Bauer,
Partner, FANZILLI / BAUER TECHNOLOGY
PARTNERS
Marc Baumslag, First Vice
President, Global Markets and Investment Banking
Technology, MERRILL LYNCH
Mike Everall,
Chief Information Security Officer - North
America, DRESDNER KLEINWORT WASSERSTEIN
Paul
Johns, Vice President, Global Marketing,
ORCHESTRIA
Joseph C. Steffan, Director
of Technology Compliance, LEHMAN BROTHERS
INC. |
12.00 Presentation: The future of
algorithmic trading - where to next?
.
Introduction
. Development of customised
algorithmic trading solutions for clients
. The
prospects for the growth of algorithmic trading in
non-equity markets
. Developing cross-product
and multi-asset class algorithms
. Future
innovations in algorithmic trading
. Concluding
remarks and Q&A
David Mortimer, Head of
Product Development, Algorithmic & Program
Trading (APT), PIPER JAFFRAY & CO. |
12.00 Case study: Partnership and alignment
between the business and technology at Wachovia
Securities
. The business
environment
- explosive
growth
- highly complex and
rapidly evolving
products
- quick time to
market requirements
. Planning, prioritizing
and managing efforts
-
budgeting and planning
processes
- project and
portfolio management
-
governance and risk
considerations
- balancing
infrastructure needs against
revenue generating opportunities
. Staffing
models
- determining when to
utilize employees
vs.
contractors
-
outsourcing and offshoring
considerations
- business
analysis and project management
. Partnering to
recruit and train technology talent
Steven Friedman, Chief
Operating Officer, Structured Products Group,
WACHOVIA SECURITIES
George Vega,
Managing Director, Corporate and Investment
Banking Technology, WACHOVIA
SECURITIES |
| 12.40 Lunch and
opportunity to visit the
exhibition |
2.00 Panel discussion: Is
Transaction Cost Analysis (TCA) catching up
with
algorithmic trading?
. What
benchmarking tools are available to objectively
evaluate the performance of algorithmic
trading?
. Strengths and limitations of
existing benchmarks
. The role of pre-trade
analytics
. Likely changes in TCA following
Regulation NMS
. Future developments in
TCA
Moderator:
Sang Lee, Managing Partner, AITE
GROUP
Tomas Bok, Senior Vice President,
Equity Quantitative Analytics Group, LEHMAN
BROTHERS
Sandy Kaul, Associate Partner,
M.A.PARTNERS
Stavros A. Kokkoris, Senior
Vice President, Global Transaction Services,
CITIGROUP GLOBAL MARKETS
Ahmed Sako,
Chief Technology Officer, ROSENBLATT SECURITIES,
INC. |
2.00 Panel discussion: External and internal
vendor management - strategies for
success
. What priorities and expectations
should you have when negotiating and managing your
vendor contracts, licensing agreements and
fees?
. Identifying and resolving problems
early
. Improving flexibility,
cost-effectiveness and customer support
. Does
a firm's open-source policy affect its vendor
management?
. What new products and services
would end-users like to see from their
vendors?
Moderator: Denise
Valentine, Senior Analyst, Securities &
Investments Group, CELENT
Edmund Flynn,
Director, Market Data Services, FIDELITY
INVESTMENTS
Jonathan Lindsell, Managing
Director, Global Head of Information Strategy,
DRESDNER KLEINWORT WASSERSTEIN
John M.
White, Global Manager, Investment Management
Data Services, STATE STREET GLOBAL
ADVISORS |
3.00 Presentation: Optimal transaction cost
analysis for buy-side firms
. How can
buy-side firms effectively benchmark the
performance of their trading desks?
. Selecting
an appropriate performance benchmark given a
fund's objective and strategy
. The path to
real-time TCA
. Improving pre- and post-trade
analytics
Robert
Almgren, Principal, Electronic Trading
Services, BANC OF AMERICA SECURITIES |
3.00 Presentation: Use and management of
open-source within the enterprise
. Buy vs.
open-source: What is the future for open-source
technology within the enterprise (and externally
through intra-firm consortiums)?
. How can
open-source technology be applied most effectively
within a firm? Can you trust open-source?
.
Managing open-source technology projects whilst
protecting intellectual property
. Managing
licensing issues with open-source
. How to
integrate and support open-source
solutions
Maurizio
Ferconi, Head of Financial Engineering, PUTNAM
INVESTMENTS |
| 3.40 Afternoon break
and opportunity to visit the
exhibition |
4.10 Panel discussion: Adapting
to Regulation NMS - how will it affect market
participants and their technology
requirements?
. The timetable for Reg NMS
and the status of developing 'fast' markets
.
What changes in technology infrastructure will be
required to implement Reg NMS amongst market
participants?
. What impact will it have on the
exchanges, smart-order routing firms and ECNs,
broker-dealers, buy-side firms?
Moderator: Manisha Kulkarni,
Executive Director, FINANCIAL INFORMATION
FORUM
Joe Gawronski, Chief Operating
Officer, ROSENBLATT SECURITIES INC.
David A.
Herron, Chief Executive Officer, CHICAGO STOCK
EXCHANGE
Jim Leman, Managing Director,
US Head of Execution Services, HSBC SECURITIES USA
INC. |
4.10 Panel discussion: Managing the real
time data explosion
. Coping with the
increasing volume of real time market data and the
impact of algorithmic trading
. Effective
solutions for data cleansing and analysis
.
Alternatives to SQL: Deploying real time
databases
. Future developments
Moderator: James E.
Hartley, Chief Technologist, Financial
Information Services Division, SOFTWARE &
INFORMATION INDUSTRY ASSOCIATION
Rich
Chandler, Director, Internet Technology
Solutions, CHICAGO MERCANTILE EXCHANGE
INC.
Eric Doyle, Global Industry Manager
for Financial Services, INTEL
CORPORATION
Maurizio Ferconi, Head of
Financial Engineering, PUTNAM
INVESTMENTS
Paul Yaron, Managing
Director, Enterprise Information Architecture,
BEAR STEARNS |
| 5.10 Chairman's closing remarks |
5.20 Congress cocktail
reception
Following the congress
cocktail reception, the inaugural American Financial Technology
Awards will be held at The Roosevelt
Hotel. For further information on attending or
sponsorship please visit www.aftas.org
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What past Waters congress delegates
have said:
'The conference is very informative.
It covers interesting topics that are critical issues in
the success of the business'.
Jane Shi, Wachovia
Securities |
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'The speakers were knowledgeable and prepared to
share key learning points.'
Elmarie Van Breda,
Standard
Bank | |
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