Skip to main content

Profit & Loss Singapore 2016

November 17th 2016

Venue:

Profit & Loss Singapore 2016

Fairmont Singapore & Swissôtel The Stamford,

80 Bras Basah Road

189560

Singapore


Contact: Cindy Jiang, Email: cindy@profit-loss.com, Phone: +44 (0)20 7382 0335

Event Partner

Platinum Sponsor

Gold Sponsor

Event Sponsors

Exhibitors

Event Preview

COST:

Non-Exhibiting Vendor: USD$1495
Free to attend for the buy-side and bank attendees based in Asia

The definition of “Buy side” firms means end user clients (ie, investing institutions such as mutual funds, pension funds, insurance companies, hedge funds, CTAs, asset managers, and corporates). Buy side firms may have investors as clients, but have no trading clients. Technology, platform and service providers of any type, including broker-dealers and prime of primes that may be clients of other firms but have trading clients of their own, do not fall into the definition of “buy side” firms.

REGISTRATION:
Please contact Sarah Barton at: sbarton@profit-loss.com; +44 20 7382 0334
Details required: company name, name, job title, work address, contact number and email


Event Programme

8:00-9:00 Coffee & Registration

9:00-9:30 Keynote - Kun Kin Lam, Senior EVP, Head of Global Treasury & Investment Banking, OCBC and Co-Chairman of SFEMC

9:30-10:15 Panel 1: Surviving in an Uncertain Macro Environment

Such geopolitical variables as the US elections and Brexit stand to impact markets around Asia. What are the likely outcomes of these and other events expected to have on local economies and trading opportunities? 

This panel will also discuss:

•    What will be the key driver for Asia’s economic performance over the next 18 months?
•    What impact will a slowdown in such large economies as the EU and China have on Asian markets?
•    What will be the impact of divergent/less predictable central bank policy on Asia? 
•    What are the unintended consequences of Brexit on Asia?
•    Following the SDR decision, what are the RMB’s prospects as a reserve currency? 
•    What should be on our radar that isn’t obvious?
•    Is there a decline in predictability of FX reserve balances (hot money)?
•    What are the implications for capital flow surrounding One Belt One Road? 
•    How does Chinese debt, particularly at the SOE and local government level, expected to impact markets?
•    A look at the increasing focus of RMB volatility against non-dollar currencies
•    What is the outlook for the continuation of a low interest rate environment have on FX markets in Asia?

Speakers:

Mitul Kotecha, Head of Asia FX and Rates Strategy, Barclays
Robert Savage, CEO, CCTrack
Divya Devesh, Asia FX Strategist, Standard Chartered


10:15-10:45 – Coffee Break – Sponsored by ParFX


10:45-11:30 – Peer2Peer: Market Oversight: Regulation and the Global Code of Conduct
How are regulations reshaping bank trading and sales businesses? What has been the broader impact of regulation on the buy side? With the recent release of phase one of the Global Code of Conduct, how does one measure in-house standards against the Code recommendations? How is the Global Code being implemented? What are the implications of the Global Code for the buy side? 

•    Which regulations are of most concern to the buy side?
•    What are the key areas that need to be addressed? 
•    How will compliance with the Code be enforced?
•    Which market infrastructure developments for Asia are crucial in light of recent regulatory reforms?
•    How can the FX industry better achieve a more effective market model in view of market shifts and regulatory changes?

Speakers:

Chee Kin Lam, Managing Director & Head, Group Legal, Compliance & Secretariat, DBS Bank
David Clark, Chairman, the Wholesale Markets Brokers' Association; and Honorary Past President, ACI – The Financial Markets Association
Meredith Rathbone, Partner, Steptoe & Johnson 

11:30-12:15 – Panel 2: “Asia at a Crossroads: What are the Prospects for Asian Exchanges in 2017 and Beyond?”

What the requirements are for building a successful exchange business that responds to the new market order? What are the implications of bilateral margins for uncleared swaps on Asian EMFX trading? 

  • What has been the impact of recent regulatory changes on markets in Asia?
  • How have these new rules have impacted liquidity and the market?
  • Is there evidence of regulatory arbitrage? Will OTC clearing be the mainstay or is futures trading becoming a more attractive option?
  • Most buy side customers access the NDF market via their Prime Brokers. Would the cost of PB increase due to these new margin rules?
  • What would this mean to buy side participants?
  • Are we starting to see more and more OTC-like products listed on exchanges? With most FX trades still happening OTC, how easy is it for
  • NDF traders to tap into listed markets and integrate these products into their existing risk books?
  • What innovations are there in the market that will bridge the OTC and Futures markets?
  • How will the CFTC’s uncleared swap margin rules impact trading in Asia?

Speakers:

KC Lam, Director & Head FX specialist, SGX, and Board member of FXPA
Ravi Pandit, Executive Director, FX and Interest Rates Products, Asia, CME Group
Bernard Lock, Co-Founder/ Managing Director, Macro Concepts (Singapore) Pte Ltd 



12:15-1:00 – Lunch


1:00-1:45   Panel 3: 
FinTech Game Changers
As more investment continues to flow into the FinTech space, new FinTech firms are launching all over the world, established firms are trying to re-brand themselves as FinTechs and banks are increasingly turning to their own innovation labs. But getting beyond the hype, realistically how will the burst of FinTech activity shape the institutional banking landscape?

•    Have the barriers to entry, and perhaps more importantly the barriers to success, changed for FinTech firms?
•    Why are FinTechs associated with "disruption" and what does this mean in terms of capital markets?
•    Blockchain – when will we start seeing tangible results?
•    What are the advantages and limitations of shared infrastructure in financial services?

Speakers:

John Ashworth, CEO, Caplin Systems Ltd
Steven French, Head of Regulatory Services, Traiana
Chris Knight, Director of Market Partners Pty Ltd.; Distribution at XTX Markets - Asia Pacific
Franck Mikulecz, Managing Director, FXCH Ltd.

1:45-2:15 – Coffee Break– Sponsored by ParFX

2:15-3:00 Panel 4: Intelligent Execution
Clients are demanding more transparency around execution, pre-trade and post-trade, at the same time that banks are being restrained in terms of providing clients with market colour. How are clients finding the information they need to trade? 
When assessing best execution, it is not simply a matter of comparing charges between various liquidity pools. Pre-trade, trade and post-trade are all part of the equation. How can end users better understand what they should consider when measuring best execution?

This panel will also discuss:
•    How is technology changing the way that market participants interact with one another?
•    What will the future relationship look like between banks and clients?
•    How are the pre and post-trade requirements of market participants changing? And how will these tools alter the way that they trade?

•    What are the challenges associated with effective TCA?
•    Why the best price isn’t the same as best execution
•    Balancing market risk against transaction cost
•    What constitutes a good benchmark?

Speakers:

Darren Brighton, Head of FRC Efficient Access Asia – UBS AG
Kenneth Ho, Head of FX e-Distribution, Asia, Morgan Stanley
Jacqueline Liau, Managing Director, Head of FX E-distribution, Asia Pacific, HSBC
Ali Pichvai, CEO, Quod Financial
Kurt vom Scheidt, Executive Director, Global Head of Foreign Exchange, Saxo Markets
James Sinclair, Executive Chairman, MarketFactory

3:00-3:30 – Coffee Break – Sponsored by ParFX

3:30-4:15 – Panel 5: Destination Markets

Is traditional bank volume now trending towards different platforms? How much is the breakdown of the PB model facilitating this move? Does the buy side want more anonymity? What is the next stage of evolution for the trading platforms?

•    Will the all-to-all or fully disclosed model prevail?
•    Should ECNs manage who interacts with quotes on their platforms?
•    Are we facing a world of managed, firm liquidity that will be done on a private, fully disclosed basis?
•    How does the changing relationship between sell-side and buy-side shape liquidity provision?
•    How do end users assess the best liquidity pockets for their flow?

Speakers:

Leonard Khoo, Liquidity Management – Asia Pacific, Gain GTX
Bill Goodbody, Jr., Senior Vice President, Foreign Exchange, Hotspot - Bats
Dave Reid, Head of FXPB EMEA/Asia, Citi
Simon Winn, Head of FX Sales Asia Pacific, EBS BrokerTec
Jonathan Woodward, Head of Asia Pacific, Transactions Sales, Thomson Reuters

4:15-5:00 Panel 6: The Changing Nature of Liquidity

Are we seeing a new market dynamic in which liquidity is increasingly coming from the buy side? As the end user adopts technology, he changes how he interfaces with liquidity. What impact is this having?

This panel will also look at:
•    How do banks and buy side access liquidity in the smartest possible way?

•    Are buy side firms moving away from traditional bank-led liquidity sources in favour of algos, non-banks and other sources of liquidity?
•    Does this create a new market dynamic that has unintended consequences?

•    Is bank risk being replaced by the buy side?

Speakers:

Andrew Maack, Head of FX Trading, Vanguard
Gaurav Malhotra, Head of Principal Electronic Trading, APAC at UBS AG
Quentin Miller, Executive Director, Standard Chartered
Mark Bruce,  Business Development - Head of FICC, Jump Trading
Ping (Yan Pheng) Tan Global Head of EFX Liquidity, Head of Asia EFX Trading, Bank of America Merrill Lynch 


5:00-7:00 – Cocktail Reception – Sponsored by Traiana
The Infinity Pool, Level 35