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Forex Network Chicago 2012
venue SwissĂ´tel Chicago

address 323 East Wacker Drive

city Chicago

state IL

country USA

Contact Email cloveday@profit-loss.com

Contact Tel. +44 (0)20 7382 0335

Event Dates Starts: Thursday, September 27, 2012 - 07:30
Ends: Friday, September 28, 2012 - 22:00

Register for an event...

Join Profit & Loss for our Forex Network Chicago 2012 Conference and Trade Show. This is a two-day event,taking place on 27th and 28th September.  Don’t miss the chance to network with hundreds of senior-level industry peers and discuss the latest trends in FX with expert speakers.   This event is free to buy side participants*. The delegate rate for banks is USD795 and for non-exhibiting vendors USD2500.

Thursday, September 27

8:00 Registration & Breakfast

9:00 Keynote Address: “Market Vulnerability and High Speed Trading” By Carol Clark, Senior Policy Specialist, Federal Reserve Bank of Chicago

9:30 Panel 1: “Market Making in an Electronic World” – Sponsored by LMAX Exchange

• How is the FX market structure changing?
• Have banks lost ownership of the market making function?
• What has been the real market impact of internationalisation?
• Are we moving to a world of distinct agency and principal products or services?
• How do we lower rejection rates?
• How do smaller banks compete?
• Multiple streams: turn off or improve?
• Will a more order-driven market structure lead to flash crashes in FX? Especially as other clients use more opportunistic algorithms to execute?

Introduction by: David Mercer, CEO, LMAX Exchange
Speakers:
Chris Concannon, Partner, Virtu Financial
Peter Nabicht, Executive Vice President, Allston Trading
Christopher Purves, Managing Director – Global Head of FX E-Trading, UBS Investment Bank
Greg Wood, Director, Algorithmic Execution, Foreign Exchange and Listed Derivatives, Deutsche Bank

10:30 Coffee – Sponsored by FlexTrade

11:00 The P&L Discussion: “Connectivity in a Fragmented World” – sponsored by MarkitSERV

• Overcoming challenges of fragmentation
• What will the future hold?
• Utilitarian or innovation – do we build plumbing or wiring that everybody can use?
• Fragmentation in the post-trade world
• Helping new players to the FX market

Speakers:
Nick Dyne, Managing Director and co-head, MarkitSERV FX
Nick Solinger, Chief Marketing Officer, Traiana

11:30 Panel 2:
“\algblockdefx[]{}{}: Who Owns the Code?”
• How much is actually intellectual capital?
• Protecting confidential algorithms

Exercising caution when moving firms
• Patents: are they necessary to protect your algorithm?

Speakers:
John Mulcahy, Associate, Finnegan
Thomas Rayski, Counsel, Dechert LLP

12:00 Lunch - Sponsored by SURFACExchange

1:00 The P&L Interview: “Is the World Coming to Chicago?

• Is regulation driving a new market landscape?
• The FX options market in the era of Dodd-Frank
• The new world for new entrants.. and old

Speaker:
Derek Sammann, Senior Managing Director, Interest Rate and Foreign Exchange Products, CME Group

1:20 Panel 3: “KYC: Keeping Your Customer”

• Leveling the playing field in a technology arms race
• Delivering value to the end client
• Technology challenges: Buy, build or borrow?
• Leveraging relationships through technology

Speakers:
Harry Gozlan, CEO, smartTrade
Bryan Hunter, Managing Director, eCommerce, Fifth Third Bank
Jørn Sodborg (Luffe), Chief Dealer, Spot FX, Jyske Bank
Takis Spiropoulos, Managing Director and Global Head, e-Commerce Solutions, CIBC World Markets Inc.

2:15 Coffee – Sponsored by FlexTrade

2:40
The P&L Interview: “The Evolution of EBS” with Gil Mandelzis, CEO of EBS and Executive Chairman of Traiana

3:00 Panel 4: “Growth Markets: Opportunities in LatAm”– Sponsored by CLS Group
• What are the real growth prospects for Latin America?
• Which client sectors are poised for growth?
• Latin American trade and currency unions – can there be better coordination?
• What is the potential for FX markets through the Integrated Latin American Markets (MILA) structure?
• Liquidity
• Hybrid models
• Technology challenges

• Local market nuances
Legal and regulatory considerations for banks, ECNs and clients

Moderator: Juan Gutierrez, Head of Currency, CLS Group
Speakers:
Paul Chappell, Founder and Chief Investment Officer, C-View Ltd
Dan Torrey, Head of Sales - Americas, EBS
Matt O’Hara, SVP, Global Head of Business Operations, Marketplaces, Thomson Reuters
Paul Millward, Head of FX Technology, GFI Group
Bradley Seelig, Head of FX PB, Americas, Deutsche Bank

4:00 Coffee – Sponsored by FlexTrade

4:30 Panel 5: “Best Execution: Staying Ahead of the Pack”

• Agency v principal
• New techniques - co-lo and internalisation?
• Challenges of fragmentation
• Opportunities of fragmentation
• Transaction cost analysis
• Role of the relationship

Speakers:
Paul Buckley, Director, AES FX, Credit Suisse
Mike Harris, Director of Trading, Campbell & Company, Inc.
Greg Ingrassia, Senior FX Trader, Buttonwood Group Trading LLC
Ray Kamrath, Chairman & CEO, Founding Partner, Faros Trading LLC
Jonathan Wykes, Head of eFX Sales EMEA and Global Head of FX Algo Sales, Bank of America Merrill Lynch

6:00-8:00 – Cocktail Reception at the Park Grill – Sponsored by CME Group
8:30 - 11:30 After Party at Vertigo Bar at the Dana Hotel & Spa – Sponsored by EBS



Friday, September 28:

9:30 Bloody Mary Breakfast – Sponsored by GFI Group

10:00 Panel 6: “Clearing: What you NEED to Know” – Sponsored by ICE Futures U.S. 

How important is physical delivery of currencies? Will cash settled contracts become more popular than physically settled?
• What would be the greatest value centrally cleared Foreign Exchange would bring to the marketplace?
• How will prime brokers and exchanges co-exist in a Dodd-Frank world?
• What is the FX business model in 2013? How will everyone make money?
• Credit downgrades – trickle down effect on prime brokers and their clients:
pricing, margin, volumes

Moderator: Ray McKenzie, VP ICE US Marketing and Sales, ICE Futures US
Speakers:
Andrés Choussy, Head of OTC Clearing, Americas, J.P. Morgan
Thomas Hammond, President & COO, ICE Futures U.S.
Peter Klein, Global Head of Foreign Exchange Prime Brokerage, Bank of America Merrill Lynch
Edward Pla, Managing Director, FX Prime Brokerage and Clearing, UBS Investment Bank

11:00 Coffee – Sponsored by FlexTrade

11:30 Panel 7: “The Profit & Loss Think Tank: Evolving the Platform Model” – Sponsored by DealHub

• What can we learn from retail?
• What can we learn from new entrants?
• Managing Fragmentation, pre- and post-trade
• Handling different client segments
• Connecting to different liquidity pools

Speakers:
Dmitri Galinov, CEO, FastMatch
Robert McKeon, SVP Markets & Liquidity, FXDD
Patrick Philpott, President, DealHub
Alan Schwarz, CEO, FXSpotstream LLC
Simon Wilson-Taylor, CEO & Co-Founder, Molten Markets, Inc

12:30 Lunch

2:00 Conference Close






*A charge will be made for delegates from non-exhibiting vendor firms, interdealer brokerages, broker-dealers and bankers. The definition of “Buy side” firms encompasses investing institutions such as mutual funds, pension funds, insurance companies, independent traders, hedge funds, CTAs, asset managers, and corporates. Technology and platform suppliers do not fall into the definition of “buy side” firms.