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Profit & Loss Scandinavia 2017

September 14th 2017

Venue:

Profit & Loss Scandinavia 2017

Hotel At Six, Brunkebergstorg 6

111 51 Stockholm, Sweden


Contact: Cindy Jiang, Email: cindy@profit-loss.com, Phone: +44 20 7382 0335

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Scandinavia
Delegate (excluding Scandinavia): GBP£250 + VAT
Non-Exhibiting Vendor: GBP£995 + VAT
Free to attend for the buy-side and bank attendees based in Scandinavia

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EVENT PROGRAMME

8:00-9:00 Registration & Coffee

9:00-9:05 Introductory Remarks, Svante Hedin, President, ACI Sweden; and Co-Head of Trading, SEB

9:05-9:30 Opening Address: Per Jansson, Deputy Governor, Sveriges Riksbank

9:30-10:30 Panel 1: Nordic Growth Outlook

Which countries will drive global growth in the year ahead? Are the developed or developing worlds more likely to see improved financial conditions, and what are the factors behind this growth? 

This panel will also discuss:

  • What will be the key driver for Scandinavia’s economic performance over the next 18 months?
  • Are there opportunities for Scandinavia from the divorce between the UK and EU?
  • Which countries are best-placed to take advantage of new trade relationships?
  • How are recent elections across Europe expected to impact the Scandinavian markets?

Speakers:

  • Robert Bergqvist, Chief Economist, SEB
  • Torbjon Isaksson, Chief Analyst, Nordea Markets
  • Tina Winther Frandsen, Chief Analyst, Macroeconomic Research, Jyske Markets
  • Knut Hallberg, Senior Economist, Macro Research, Swedbank AB

10:30-11:00 Coffee Break

11:00-12:00 Panel 2: The Catalyst? MiFID II and Algo Execution

A key element of MiFID II is that firms executing trades have to take “all sufficient steps” to prove best execution rather than “all reasonable steps” under the previous regime. Is this subtle but important change in the language likely to be the catalyst that sees a surge in the use of algorithms to execute FX trades?

This panel will also discuss:

  • The potential impact of more algo execution on FX market functioning
  • What type of algo strategies will work best in the MiFID II era?
  • Will FX execution become a more uniform process?
  • Does internalisation have a place in the MiFID II world?
  • Will customers have to change how they access FX liquidity?

Speakers:

  • Anders Thorsson, Head of FX, Swedbank
  • Christian Gressel, Head of FX Algo Trading, UBS
  • Kasper Folke, Head of e-FX & Algo Quant, Nordea Markets

12:00-1:00 Lunch

1:00-1:30 P&L’s Peer2Peer Interview: The Global Code

Four months after the release of the full FX Global Code of Conduct, we discuss what impact it has had on the FX market’s functioning, what remains to be implemented, and what, if anything, needs to be further reviewed?

Speakers:

  • Meredith Beechey Österholm, Deputy Head of Markets Department, Sveriges Riksbank
  • Stina Norrhede, Head of Global Corporate Sales, SEB
  • Brigid Taylor, Managing Director, ACI Financial Markets Association (ACIFMA)

1:30-2:30 Panel 3: FinTech Fixes

With advances around data analytics, shared infrastructure, artificial intelligence and, of course, distributed ledger technology (DLT), FinTechs are more in vogue right now than ever before. But how specifically are FinTech firms likely to shape the future of the financial services industry, and what are the potential roadblocks and challenges that they, and the industry as a whole, will face as they attempt to implement these new technological solutions?

This panel will also discuss:

  • Which tools are needed to effectively assess market liquidity?
  • How will best execution tools change the ways that firms trade?
  • Can FinTech firms fundamentally change the economics of financial services?
  • Risks and opportunities presented by FinTech solutions

Speakers:

  • John Ashworth, CEO, Caplin Systems Ltd
  • Antony Brocksom, SVP, Sales and New Business, EMEA, FXSpotStream Europe Ltd
  • Kristian Gårder, Head of Digital Customer Channels for Large Corporates and Financial Institutions, SEB
  • Morten Lindeman, Founder & CIO, InFront Finance
  • Johan Lundberg, Founding Partner and CEO, NFT Ventures

2:30-3:00 Coffee Break

3:00-4:00 Panel 4:  Structural Shifts

The efficiency of the FX market has been adversely impacted by a lack of risk taking, thinner liquidity and lower volumes. But the industry is known for its ability to continually adapt and evolve. What moves are currently underway that will lead to structural shifts in the way that banks, non-banks and end users trade FX – and which sectors are leading these efforts?

This panel will also discuss:

  • Is there a need for a quasi-centralised global marketplace?
  • Will the availability of credit return, or will smaller buy side players be edged out of the market?
  • Is concentration risk in the prime services industry the next big crisis?
  • Can alternative credit and clearing structures change how the FX market operates?
  • Are dark or mid-book matching pools the answer to thinning volumes on the major platforms?
  • What can help to alleviate liquidity gaps?
  • Is the bank/non-bank relationship a healthy one, in which one provides credit, while the other takes risk? 
  • Will the major banks regain their foothold over market making? Do they have the appetite?

Speakers:

  • Svante Hedin, Co-Head of Trading, SEB
  • Kevin Kimmel, Global Head of FX, Citadel Securities
  • Alex Knight, Director, Citi
  • David Holcombe, Product Manager for Listed FX and Clearing, 360T

4:00-5:00 Panel 5: Best Execution – What does it really mean?

Best execution means different things to different firms. What does Best Ex look like for different market segments?

This panel will also discuss:

  • Are best execution requirements driving customers away from bilateral relationships?
  • Is the world changing for real economy, end-user customers?
  • What are the challenges for hedge funds and professional trading firms that used to be customers?
  • Are customers changing the way they access liquidity?
  • Are limit orders a thing of the past?
  • Will the major banks regain their foothold over market making? Do they have the appetite?
  • What lessons can non-banks learn from banks?
  • What can realistically be expected from Transaction Cost Analysis tools?

Speakers: 

  • Marcus Samuelsson, Portfolio Manager, Ericsson
  • Andreas Wollheim, Head of Trading and Treasury, SEB Investment Management
  • James Koutoulas, Chief Executive Officer, Typhon Capital Management

5:00-7:00 Cocktail Reception



Event Programme

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