Skip to main content

Profit & Loss Events

Profit & Loss Frankfurt 2018

April 10th 2018

Profit & Loss Frankfurt 2018

The Westin Grand Frankfurt

Germany

This event is free to attend for banks and buy side firms based in Germany

Register here

Delegate: GBP£350 +VAT    Non-Exhibiting Vendor: GBP£1095 +VAT

Event Programme:

8:30-9:00  Registration & Coffee

9:00-9:05  Introductory Remarks

9:05-9:30  Opening Address - TBA

9:30-10:30  Panel 1: Crunch Time – The FX Global Code

It is almost one year since the full FX Global Code of Conduct was published and significantly at the time, the Global FX Committee provided one year for firms to sign a Statement of Commitment. In the intervening period the controversial Principle 17 had been re-written and the GFXC’s outreach programme has been in full flow. But how successful has the roll out of the Code been?

This panel will also discuss:

  • The approach to firms that do not sign the Statement of Commitment
  • How can we monitor adherence?
  • Will the Code help rebuild trust in the FX industry?
  • What next for the Global Code?

10:30-11:00 Coffee Break

11:00-11:15 BURST - TBA

11:15-12:15 Panel 2: Deep Impact: Regulation and Macro Events

It has been hard over the past year to talk to anyone about anything other than MiFID II or the possible impact of Brexit, but now that the former is a reality and the latter is progressing, what have been the impacts on the financial markets industry?

This panel will also discuss:

  • Has MiFID II been a game changer?
  • Has MiFID II met G 20 expectations in respect of systemic rish management?
  • Where are the regulatory bottlenecks?
  • Has the market structure discernably changed?
  • Brexit threats and opportunities
  • Are markets actually safer?

12:15-1:15           Lunch

13:15-13:45 The Profit & Loss Interview - TBA

13:45-14:45 Panel 3: Fixing the Fixes

With so much attention on MiFID II and events elsewhere in the world, changes to benchmark regulation have been largely overlooked, but they represent a potentially major challenge to some business models, not least their regulators. What do the changes mean for market participants?

This panel will also discuss:

  • How will Benchmark & Regulation change the use and production of benchmarks
  • What are the governance challenges for Benchmark Administrators?
  • The key changes to benchmark calculation and management
  • Are benchmarks fit for purpose?
  • Should benchmarks return to being reference rates?
  • Are FX benchmarks fundamentally unfair?

14:45-15:15  Coffee Break

15:15-16:15  Panel 4:  Data: Understanding the Value

More data is available to those running trading businesses than ever before, but how should the data be used? Should a firm’s data and analytics business be as firmly structured as its trading arm? How can we use data to improve both an individual firm’s and the wider market functioning?

  • This panel will also discuss:
  • Can you have too much data?
  • Do too many firms still pay lip service to Best Execution?
  • What can the data tell different participants?
  • Will MiFID II empower data providers?
  • Using data to build efficiency in a business

16:15-17:00  Panel 5: The Think Tank - A Better World…But for Whom?

Regulation and a changing market structure is often touted as bringing a better, more efficient FX market – but is this really the case? Is liquidity better than it was? There are more players in FX than ever before but is there really a healthy market structure in place? This is the panel that will seek to answer the difficult questions about the future of the FX industry.

This session will also discuss:

  • The changing FX world for an asset manager
  • Can platforms and ECNs do more to improve the market structure?
  • Is liquidity re-cycling out of control?
  • Are customers changing the way they access liquidity?
  • Does the FX industry need to re-write its dictionary regarding “buy” and “sell” side?
  • Is FX inevitably being driven to a totally transparent, exchange type model and is this a good thing?

5:00-7:00  Cocktail Reception

Profit & Loss Latin America 2018

April 11th 2018

Profit & Loss Latin America 2018

Four Seasons Hotel Mexico City

Mexico

Free to attend for the buy-side and local bank attendees
Non-Exhibiting Vendor: USD$2095
Delegate: USD$395

Register for the event here.

Event Programme:

10:00-10:45am – Coffee & Registration

10:45-11:30am – Opening Keynote Address:
         “Recent Developments in the Mexican Financial Markets”
       Juan Garcia, Director of Domestic Operations, Banco de Mexico

11:30-12:00pm – Presentaton:
       “Mexico Elections: Has the Country Reached a Turning Point?”
      Gabriel Casillas, Chief Economist & Head of Research,
      Grupo Financiero Banorte

This year’s elections in Mexico are of historic importance. Not only will the presidency be up for grabs, but so will the entire federal Senate and Chamber of Deputies, nine governorships, including the mayor of Mexico City, and hundreds of state and municipal seats. A total of 3,406 posts will be on the ballot. Never before in modern Mexican history have so many elections been held together simultaneously on the same day. What are the potential consequences of such a momentous political event for the Mexican financial markets?

12:00-12:15pm – Coffee Break

12:15-1:15 pm – Panel 1: Navigating Choppy Waters

With the Trump administration continuing to define its agenda, ongoing Brexit discussions, continued conflict in the Middle East, presidential elections taking place in Latin America’s two largest economies, as well as heightened geopolitical tensions in APAC, there is a potential for plenty of volatility in the currency markets this year. But how should market participants be positioning themselves ahead of this?

This panel will also discuss:

  • What are the potential implications of the NAFTA discussion?
  • What do divergent interest rate policies mean for FX trading in LatAm?
  • Will politics or central bank policies have a bigger impact on Latin American economies in 2018?
  • What macro risk factors aren’t currently being priced into the FX markets properly?

Moderator:
Gabriel Casillas, Chief Economist & Head of Research, Grupo Financiero Banorte

Speakers:
Sergio Mendez, CIO, Afore Banorte
Alfredo Sordo Janeiro, CIO, Director de Inversiones, SAM Asset Management

Panel 2: 1:15-2:00 pm – Panel 2: A New World Order?

It has become harder to access credit in the FX market in recent years, even as demand for it has continued to grow. What factors have caused credit to become so constrained and are conditions set to improve? At the same time, central clearing appears to be getting some traction in FX in response to new regulatory requirements – could this represent the new paradigm for trading certain FX products?

This panel will also discuss:

  • The evolution of FX prime brokerage
  • How technology is changing pre- and post-trade risk management
  • The future of OTC central clearing vs. bilateral trading
  • Can alternative clearing and credit structures change how the FX market operates?

2:00-3:00pm – Lunch

3:00-3:30pm – Fireside Chat: The Role of Derivatives in Mexico’s FX Market

3:30-4:15 – Panel 3: Learning to Ride the Cryptocurrency Rollercoaster

Cryptocurrencies have captured the imagination of both the public at large and professional traders. Some still argue that bitcoin and other cryptocurrencies have no long-term value, and indeed aren’t even real currencies, while others maintain that digital currencies represent a whole new asset class to explore and trade. Do cryptocurrencies have a place in the wholesale markets, and how should market participants be approaching these products?

This panel will also discuss:

  • What are the biggest challenges facing firms interested in trading cryptocurrencies?
  • What security protocols do firms trading cryptocurrencies need to be aware of?
  • Where are the best trading opportunities within the cryptocurrency universe?
  • What are the best ways to limit risk exposure when trading volatile cryptocurrencies?

4:15-4:30pm – Coffee Break 

4:30-5:15pm – Panel 4: Think Global, Trade Local or Think Local, Trade Global?

According to the latest Bank for International Settlements’ (BIS) triennial OTC FX survey, which was conducted in April 2016, an average of $97 billion of MXN is traded per day, with spot transactions accounting for $43 billion of that. Yet only $20 billion of OTC FX is actually traded in Mexico. Why is so much MXN trading occurring outside of Mexico and where is liquidity likely to shift to in the future?

This panel will also discuss:

  • The role of local markets in a globalised trading environment
  • The challenges of electronic FX trading in a fragmented liquidity landscape
  • How is technology shaping FX trading in Mexico?
  • What happens to liquidity in stressed market conditions?

5:15-6:00pm – Panel 5: The FX Global Code - What You Need to Know

With the launch last November of Banxico’s FX Committee, the focus on the implementation of the FX Global Code of Conduct and outreach program has been hard at work. Members of both the Global FX Committee and the Mexican FXC will discuss how the Global Code may impact the FX market’s functioning, how firms should implement the practices of the Code, and the implications of signing the Statement of Commitment. 

This panel will also discuss:

  • How will compliance/adherence be monitored?
  •  What are the practicalities around implementation?
  • How will firms meld the Global Code with their own, internal Codes of Conduct?
  • Next steps for the Global Code

Speakers:
David Puth, Vice Chair, Global FX Committee; CEO of CLS
Gilberto Romero, Director de Mercados, Banco Ve por Más
Mayte Rico, Domestic Operations Division Manager, Banco de Mexico

6:00-8:00pm – Cocktail Reception - Guadalajara Terrace, The Four Seasons Mexico City

Forex Network London 2018

April 19th 2018

Forex Network London 2018

Grange St Paul's Hotel

United Kingdom

Delegate: GBP£550+VAT
Non-Exhibiting Vendor: GBP£1000+VAT
Free to attend for the buy-side

Register here 

Forex Network New York 2018

May 24th 2018

Forex Network New York 2018

Crowne Plaza Hotel Times Square

United States

Delegate: US$700
Non-Exhibiting Vendor: US$1600
Free to attend for the buy-side

Forex Network Chicago 2018

September 24th 2018 to September 26th 2018

Forex Network Chicago 2018

The Westin Chicago River North

United States

End Users/Investors - Complimentary
Sell Side: USD $1150
Non-Exhibiting Vendor: USD $2600
Consultants/Other: USD $625

Profit & Loss Scandinavia 2018

October 11th 2018

Profit & Loss Scandinavia 2018

Hotel At Six

Sweden

Delegate (excluding Scandinavia): GBP£350 + VAT
Non-Exhibiting Vendor: GBP£1095 + VAT
Free to attend for the buy-side and bank attendees based in Scandinavia

Profit & Loss Singapore 2018

November 2018

Profit & Loss Singapore 2018

Profit & Loss Singapore 2018

Singapore

Details to follow shortly.

Profit & Loss Shanghai 2018

November 2018

Profit & Loss Shanghai 2018

China

Details to follow shortly.