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Profit & Loss Singapore 2017

November 9th 2017

Venue:

Profit & Loss Singapore 2017

Fairmont Singapore & Swissôtel The Stamford, 80 Bras Basah Road

189560, Singapore


Contact: Cindy Jiang, Email: cindy@profit-loss.com, Phone: +442073820335

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Non-Exhibiting Vendor: USD$1495

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

Click here to register 

Please note that registered delegates’ email addresses will be passed to event sponsors. If you do not wish your details to be shared, please notify bkaur@profit-loss.com . P&L Services Ltd will not share your details with any third party other than confirmed sponsors of this event as listed on this page.

Event Programme:

8:00-8:50        Registration and Trade Show Opens

8:50-9:00        Chairman's Introduction:

David Clark, Chairman, The Wholesale Markets Brokers' Association;
Honorary Past President, ACI - The Financial Markets Association

9:00-9:15        Keynote Address:

Andrew Ng, Group Executive, Head of Treasury & Markets, DBS Bank
President, ACI Singapore

9:15-10:30       Panel 1 -  Asia Growth Outlook: Sustaining the Momentum

In its latest regional outlook, the International Monetary Fund (IMF) estimates that economic growth in Asia Pacific will increase to 5.5% in 2017 and that the region will continue to be the leader of overall global growth. What are the key factors that are driving this growth, and is it sustainable? As Europe and the US endure a period of geopolitical uncertainty, will investors look to Asia for both opportunity and security?

This panel will also discuss:
•Which Asian countries will drive growth in the region?
•How will trading relationships change now that the US is pulling back from the Trans Pacific Partnership (TPP)?
•Has China effectively managed its soft landing?
•What are the geopolitical risks that could impact trading in the region?
•What impact will central bank policies have on Asian growth?
 
Speakers:
Taimur Baig, Chief Economist, DBS Bank
Callum Henderson, Managing Director, Global Markets, Asia Pacific, Eurasia Group
David Mann, Chief Economist, Asia, Standard Chartered 
 
10:30-11:00     Morning Coffee Break - Sponsored by ParFX
 
11:00-12:00     Panel 2: - Liquidity: The Ultimate Illusion?

Has there been an air of complacency around liquidity, which is being highlighted by mini and major flash moves? What is the reality of liquidity in FX? Is fragmentation causing problems? What is the next phase of evolution for trading platforms?

This panel will also discuss:
•Should buy side behaviour change? For example, evolving from RFQs to alternate trading protocols, order books?
•Are liquidity gaps now the “new normal”?
•How does an FX market with no last look work for end users?
 
Speakers;
Nick Ferres, CIO, Vantage Point Asset Management
Gaurav Malhotra, Executive Director & APAC Head of Principal Electronic Trading FX, Rates & Credit, UBS AG
KC Lam, Head of FX and Rates, SGX
Jeff Ward, Global Head of NDFs and Forwards & Head of FX Asia, NEX Markets
Martin Watson, Global Head – G10  FX eTrading, Citi
 
12:00-12:45      Lunch
 
12:45-1:15        Peer2Peer: "Is Mainstream Appeal of Cryptocurrencies Inevitable?" 

Cryptocurrencies have performed strongly in 2017, with the price of bitcoin and ethereum – two of the largest cryptocurrencies by market capitalisation – both hitting record highs in 2017. Will these digital currencies continue to perform strongly and will they ultimately find a place in mainstream financial markets?

Speakers:
Peter Sin, Co-Head of Digital Currency Sub-Committee, ACCESS-Singapore Cryptocurrency and Blockchain Industry Association

1:15-2:00        Panel 3 - Execution: Cause & Effect

Algos are widely seen as the answer to ensuring execution, but are there links between execution strategies and market impact? Is more thought needed around the strategies being used to execute risk?

This panel will also discuss:
•What is driving algo take up?
•Are there inherent conflicts in using bank provided algos?
•Are expectations of TCA realistic?
•What is the impact of more algos operating in FX markets?
•Does internalisation have a place in the post-MiFID II era?
•Which strategies work in current conditions and which run a higher risk of impaired execution quality?

Speakers:
Mark Bruce, Head of FICC, Jump Trading
Kenneth Ho, Head of FX e-Distribution, Asia, Morgan Stanley
Jay Hurley, Regional Head of eFX, APAC, State Street
Ping Tan, Global Head of eFX Liquidity & Head of Asia eFX Trading, Bank of America Merrill Lynch
Jonathan Woodward, Head of Transaction Sales, Asia Pacific, Thomson Reuters
 
2:00-2:15        Afternoon Coffee Break - Sponsored by ParFX
 
2:15-3:00       Panel 4 - Surviving the Credit Crunch

A combination of losses following the Swiss National bank (SNB) debacle and new Basel III requirements has led to many banks becoming more selective about whom they are willing to extend credit. How should trading firms adapt to the new credit-constrained trading environment, and is there an opportunity for new layers in the FX prime brokerage space? Will credit constraints in the OTC market push more activity towards exchange-traded venues? 

This panel will also discuss:
  •  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?
  • Is Prime-of-Prime a viable alternative?
  • Can alternative credit and clearing structures change how the FX market operates?
  • Can exchanges successfully launch new alternative products to OTC contracts? 
  • What impact has clearing had on the way the FX market operates?
  • PBs and prime of primes – is clearing competing with PB, or is it complimentary?
  • How can clearing help alleviate some of the Basel III capital constraints? 
Speakers:
Nick Clark, Director, Head of Hedge Fund & PB FX Sales, NatWest Markets 
Campbell Cleland, Head of APAC Sales and New Business, FXSpotStream
Paul Houston, Global Head of FX Products, CME Group
Henry Weindling, Sales and Relationship Manager, LCH
 
3:00-3:30        Afternoon Coffee Break - Sponsored by ParFX
 
3:30-4:15         Panel 5 -  FinTech: Promise or Peril?

There are two broad narratives around the recent growth of, and investment in, FinTech. The first is that FinTech firms are looking for places where they can use technology to disintermediate incumbent financial institutions. The second is that these firms are bridging the gap between technology and financial services, creating new efficiencies and offering new revenue sources for established financial services firms. Will FinTech firms change financial services or become part of the establishment?

This panel will also discuss:
•In what ways is FinTech already changing how capital markets operate?
•Is Artificial Intelligence (AI) and machine learning destined to change trading?
•Will blockchain and Distributed Ledger Technology (DLT) solutions change the way that post-trade processes operate?
•Which financial services firms are most at risk from being supplanted by FinTech?
•What are the challenges facing regulators in the fast-changing FinTech world?
•What are regulators already doing?
•How are end users using FinTech?
•Which FinTech developments can best serve end users?
 
Speakers:
Julian Chesser, MD, Trade Processing APAC, IHS Markit
Jacqueline Liau, MD, Head of FX eDistribution, Asia Pacific, HSBC
Justin Slaughter, Consultant, Mercury Strategies
 
4:15-5:00     Panel 6 - The Global Code

Six 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: 
Chee Kin Lam, Managing Director & Head Group Legal, Compliance & Secretariat, DBS Bank 
Cindy Mok, Executive Director, Head of Monetary & Domestic Markets Management Department, MAS
Chris Salmon, Executive Director, Markets, The Bank of England
 
5:00-7:00    Poolside Reception