The Financial Markets Association-USA (FMA-USA) is looking to continue its rebuilding programme via education by holding a two-day conference in Chicago on May 15-16, in partnership with Profit & Loss magazine. The programme, “FX & Capital Markets: Today and Tomorrow” places a heavy emphasis on e-business, as well as the practical issues surrounding trading in today’s markets.
A keynote address will be given by Dino Kos, executive vice president of the Federal Reserve Bank of New York, while the conference boasts a host of senior executives from market-leading institutions.
The conference is the next step in FMA-USA’s plans to pioneer its rebuilding process with education, and follows a series of short seminars that have included presentations on the outlook for the US and emerging market economies.
FMA-USA is holding the conference in association with Profit & Loss (it is believed this is the first time that an ACI national association has turned to a market publication for such a partnership). It also represents the first major conference held by FMA-USA since April 1999. What is unique about the partnership with Profit & Loss, says FMA-USA president, Peter Wadkins, is that the conference is catering to both buy and sell sides of the market via FMA-USA’s membership and the magazine’s readership.
Wadkins adds that the conference will aid the association’s efforts to attract new members, broaden its reach to the wider financial markets, as well as keep existing members up to date with market infrastructure developments.
The conference programme kicks off on Thursday with a panel discussion looking at the impact of electronic execution systems on market liquidity. Presentations will also cover extending currency overlay to emerging markets. Speakers include William Barker of the Bank of Canada, who is among the host of panellists representing leading institutions in North and South America (see pages 5-6 for full programme and registration info).
Day two of the conference focuses initially on the use of models, benchmarks and indices in predicting currency movements with panellists from leading banks and fund management companies, before moving on to look at how the e-Net can be expanded into areas such as prime brokerage and derivatives.
After the lunchtime address from the Fed’s Kos, the afternoon session kicks off with a roundtable discussion on the future of the multibank portals, specifically looking at what they will have to do to survive. The conference closes with a look at the wider financial markets. FX is widely seen as the easiest of markets to put online, so this panel will look at how other markets are progressing in building the efficiencies of online execution into their processes.
Wadkins is keen to stress the variety of the programme, which is aimed at demonstrating that FMA-USA is about much more than the FX markets with which it has traditionally been associated.
Wadkins acknowledges that it will be a long process to rebuild FMA-USA membership to the numbers it desires; however, high profile events such as this will help, as will plans to continue the series of “Town Hall” style meetings. He notes the support from the wider market, as demonstrated by the range of sponsors and exhibitors due in Chicago, as well as the institutions providing panellists.