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Profit & Loss Latin America 2018

April 11th 2018

Venue:

Profit & Loss Latin America 2018

Four Seasons Hotel Mexico City,

Paseo de la Reforma #500, Colonia Juarez

Mexico D.F.

Mexico


Contact: Cindy Jiang, Email: cindy@profit-loss.com, Phone: +44207 382 0335

Event Partner

Event Sponsors

Exhibitors

Event Preview

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