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Profit & Loss Hong Kong 2018

November 15th 2018

Venue:

Profit & Loss Hong Kong 2018

Grand Hyatt Hong Kong ,

1 Harbour Road, Wan Chai  

Hong Kong

China


Contact: Cindy Jiang, Email: cindy@profit-loss.com, Phone: +44207 382 0332

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Non-Exhibiting Vendor: USD$1595

Free to attend for the buy-side and bank attendees based in Asia

Banks (Not located in Asia)- USD$400

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Event Programme:

8:00-9:00        Registration and Trade Show Opens

9:00-9:30       Special Opening Session:  "Making Sense Out of Chaos: The Insider's View of the Current State of Play in Washington" with:

• Justin Slaughter, Partner, Mercury Strategies
• Tara Corrigan, Chief Operating Officer, Washington DC & London, Messina Group


9:30-10:15      Panel 1 – Is the Institutionalisation of Cryptocurrencies Inevitable?

Cryptocurrencies initially evolved from being a novelty to a curiosity, then later from a scandal riven means of transaction to a popular retail trading product. Can this emerging asset class evolve once again to achieve mainstream institutional adoption?

This panel will also discuss:

• The winners and losers from liquidity consolidation
• What does an institutional grade crypto custody solution look like?
• How will M&A activity shape the crypto space?
• The changing regulatory environment and Hong Kong's position as a hub for crypto-trading

Moderator: Galen Stops, Editor, Profit & Loss

Speakers:
Alina Karpichenko, Capital Markets IT Solutions, Global Manager, Avelacom
Jack Liu, Head of Trading, Asia, Circle
Michael Ng, Senior Trader, Markets, Kenetic
Brandon Liu, CTO/CIO, Blocknology

10:15-10:45     Morning Coffee Break

10:45-11:30   Spotlight Session: How is Artificial Intelligence Changing Financial Services with Luke Waddington, CEO, Blue Fire AI and John Ashworth, CEO, Caplin Systems Ltd

Artificial Intelligence (AI) has become a hot topic within financial markets, but both the short-term applications and the long-term possibilities of this technology are still widely misunderstood. This Spotlight Session will hone in on how AI is already beginning to change financial services and then outline what it could mean for the industry going forward.

11:30-12:00     Peer2Peer: "OTC Trading and Exchanges: Bringing the Best of Two Worlds Together"

Speakers:
Ravi Pandit, Executive Director, FX Products, CME Group
KC Lam, Head of FX and Rates, SGX

12:00-1:00   Lunch

1:00-1:30 "Top Global Financial Information Providers: Analysis of Who, Why & Futures Trends" -  Keiren Harris, Founder, Market Data Guru

1:30-2:00         Insight Session: Geopolitics’ Collateral Damage

With the US Federal Reserve continuing to hike interest rates, Britain threatening to crash out of Europe without a Brexit deal, the rise of populist political groups, escalating trade wars and geopolitical tensions in the APAC region, there's lots of potential drivers of volatility. But which currencies will prove to be the most susceptible to all of these? This panel will also discuss:

• When will the impact of US rate hikes start hitting home in Asia?
• What are the major risk events not being discussed right now?
• Will Asia’s strong economic fundamentals prove to be an effective buffer against volatility?
• Effective risk management when trading emerging markets currencies

Moderator: David Clark, Chairman, EVIA
Speakers:
Alex Wolf,  Asia Head of Investment Strategy, J.P. Morgan Private Bank

2:00-3:00    Panel 2 – Will the Yuan Become a Weapon in the Trade War?

There has been some speculation that the strong appreciation of USD/CNH earlier this year was a sign that Chinese policymakers were willing to allow the Chinese yuan to depreciate in order to blunt the impact of the Trump tariffs. The PBoC has now introduced several so called “counter-cyclical measures” to safeguard the currency, but will they prove effective?

This panel will also discuss:

• Will the trade war inevitably lead to a currency war?
• Would authorities in China be willing to let the currency appreciate on a lasting basis to appease the US?
• Can China ease liquidity conditions, support growth and allow a weaker CNY without triggering capital outflows?
• What does the trade war mean for the future of RMB internationalisation?
• Could the renminbi surprise the markets in 2019?

Moderator: David Clark, Chairman, EVIA
Speakers:
Jake Fisher, Director, Global RMB Development, BMO Financial Group
Ken Cheung Kin Tai, Senior Asian FX Strategist, Mizuho Bank
Vina Cheung,  Global Head of RMB Internationalisation & Head of Product Management, North Asia, Global Liquidity and Cash Management, Asia-Pacific, HSBC
Linan Liu, Greater China Macro Strategist, Deutsche Bank
Michelle Lam, Greater China Economist, Societe Generale

3:00-3:30         Coffee Break

3:30-4:15   Panel 3 – Best Execution: More than Just a Buzzword

Slippage, signaling risk and execution quality are top concerns amongst the buy side. Do clients’ execution styles have an impact on execution quality? What are the alternatives to executing during a Fixing to get large sizes done without leaving a footprint?

This panel will also discuss:

  • How do single-dealer platforms compare with multi-contributor platforms on these issues?
  • What factors should go into a TCA report?
  • How reliable are pre-trade data analytics – are they just a source of justification rather than best execution?
  • Can a cross-asset view improve FX trading?

Moderator: Colin Lambert, Managing Editor, Profit & Loss
Speakers:
Eva Chen, Head of e-FX Trading, Global Markets, Bank of China (Hong Kong)
Jacqueline Liau, Managing Director, Head of Distribution Platforms, Asia Pacific, HSBC
Jay Hurley, Regional Head of eFX, APAC, State Street

4:15-5:00         Panel 4 - The Future of Liquidity Provision

After a sustained period of growth, many FX banks have spent the last few years trimming the client tail and prioritising where they send liquidity. Improved data capabilities have been a driver of this change as clients are judged on value, not volume. What does this mean for those clients that are not seen as valuable? Will there be a continued push towards disclosed, often bilateral trading? Will the agency model gain ground as banks’ FX operations find it harder to sustain a principal-based model?

This panel will also look at:

• Will the buy side ever be able to step in as genuine liquidity providers?
• What do market conditions look like if banks continue to be more careful where they price?
• Will the customers with an aggressive execution style be forced onto public venues? Is this good news for the ECNs?
• How is liquidity in non-spot products changing?

Moderator: Colin Lambert, Managing Editor, Profit & Loss
Speakers:
Lawrence Lau, Executive Director, eFX, JP Morgan
Ping (Yan Pheng) Tan, Global Head of EFX Liquidity, Head of Asia EFX Trading, Bank of America Merrill Lynch
Quentin Miller, Head of Institutional FX, APAC, LMAX Exchange

David Wright,  Global Head of MSET Macro, Morgan Stanley

5.00-7.00 Drinks Reception - The Waterfall Bar