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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
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 Chairmans opening remarks |
10.50 Chairmans 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
Richard Purdy, Global Director of Financial Services Marketing and Solutions Development, EMC CORPORATION
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 firms 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
Nitya Gopalakrishnan, Vice President, MERRILL LYNCH INVESTMENT MANAGERS
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
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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 funds
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, Managing Director, 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, Front-End Systems Technology, CHICAGO
MERCANTILE EXCHANGE INC.
Marie Giangrande Vice President, Strategic Alliances, Enterprise Information Solutions, REUTERS
Maurizio Ferconi, Head of Financial Engineering, PUTNAM
INVESTMENTS
Paul Yaron, Managing Director, Enterprise Information Architecture,
BEAR STEARNS |
| 5.10 Chairmans 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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