TradeTech Europe 2018

April 25-April 26, 2018

Palais des Congrès de Paris

Contact Us: 44 (0)207 368 9548

Main Day 2: Thursday 26th April 2018

8:30 AM - 9:00 AM Refreshments and Registration

9:00 AM - 9:05 AM Chair’s Opening Remarks - Euronext speaker tbc

Sourcing New Liquidity Opportunities

9:05 AM - 9:45 AM KEYNOTE DISCUSSION PANEL: What does the new liquidity landscape look like given European regulations and how will it impact your business?

-How are current market structure changes going to impact trading strategies?
-What is the drive more multi-asset trading and how are businesses developing their capabilities from an infrastructure and technology perspective?
-How will cost implications of regulation impact market interaction and liquidity sourcing?
-How are the banks and leading buy side houses reacting and is this as expected?

9:45 AM - 10:05 AM FIRE SIDE CHAT:

Decoding the Impact of Brexit

10:05 AM - 10:25 AM OPENING KEYNOTE ADDRESS: The Brexit briefing - where are we at with negotiations and what can we expect for 2019?

-Evaluating the law and politics of Brexit and how this could shift the focus to minimising losses rather than driving major change
-How can Britain sustain the clout and capacity to negotiate favourable trade agreements with the US and other major economies?
-How will the UK’s existing foreign policy commitments made through the EU be carried forward?
-What are the key elements that are shaping the process and how are they being received?
-How can we ensure that the UK economy is resilient and robust enough to allow it to plan for and to deliver the future it wants for the UK?

10:25 AM - 11:05 AM Morning Refreshment Break and Networking

10:25 AM - 11:05 AM WOMEN IN TRADING THINK TANK (And The Men Who Support Them): Connecting the next generation of women business leaders

•Make direct connections that lead to real business deals, benefitting you and your organisation
•Extend your professional network amongst the next generation of leading women and trading professionals
•Enhance your career by learning from, and being inspired by, some of Europe’s most successful and influential women leaders
•Understand how you can promote diversity and inclusion in your organisation

The Future of Equity Market Structures

11:05 AM - 11:45 AM DISCUSSION PANEL: What are the broader ramifications of changes to research payments for market participants and what does this mean for business models in an unbundled world?

-What are the options that the market have gone for and what are the pros and cons of each route: CSAs,
-enhanced plus model or P&L models
-How can the desk better understand what research they are receiving and monitor what they actually using – how is it being used across the investment team?
-Is the research being used vs actually paid for the same and how can the buy side push back on information they don’t want/need?
-How is this research being consumed and valued by the buy side?
-How to overcome challenges when you are a global organization that manage different payment methods?
-How has the market changed regarding looking for more alpha capture tools rather than research? How has this changed the provider market?
-Have these changes improved the quality of research data and do the trading desk benefit from this?

11:45 AM - 12:15 PM OUT OF INDUSTRY GUEST SPEAKER: Financial markets - How they will be shaped by politics in the US and Europe

12:15 PM - 12:20 PM 5 minute transition time into stream sessions

STREAM A: Smart Data Management

12:20 PM - 12:55 PM PANEL DISCUSSION: How can better quality market data create new business opportunities for the buy side and catapult their capabilities ahead of the competition?

-What are the metrics that can be used to assess the quality of the market data?
-How is machine learning incorporated into making more real-time decisions?
-How are venues and market data providers better explaining the differences in market prices to drive transparency?
-What internal processes need to be in place to better analyse in real-time data and link with best execution?

STREAM A: Smart Data Management

12:55 PM - 1:10 PM What is Blockchain and how will it impact your trading desk?

-What is blockchain and how does it work?
-How will it impact and benefit the trading landscape and the front office?
-What are the pending regulations and limitations around blockchain applications?
-How will it impact the industry as a whole?

STREAM B: Best Practice for Trade Monitoring

12:20 PM - 12:55 PM PANEL DISCUSSION: How to monitor your trade data accurately under MiFID II requirements and effectively report market abuse

-How to detect this data and accurately report to the regulators
-What are the best practices and tools to record trading activity and how have these evolved over the last few years?
-How do current platforms match up to real-time analysis requirements?
-What do traders need to be aware of to avoid market abuse under new regulations?

STREAM B: Best Practice for Trade Monitoring

12:55 PM - 1:10 PM FIRE SIDE CHAT: Cyber security – how to respond in real-time to attacks?

-What are the best approaches to manage threats and ensure continuity?
-Where are the best opportunities to protect?
-How are providers offering cloud services protecting and managing the increasing threats numbers?
-How do data protection regulations play into cyber security?
-How are brokers relaying this information to the buy side and what information do they need to review?

STREAM C: Sourcing Liquidity in New Markets and New Asset Classes

12:20 PM - 12:55 PM PANEL DISCUSSION: How is changing economic stability in emerging markets influencing international access and will liquidity dynamics become more attractive in 2019?

-How do yields in emerging markets compare to more developed markets?
-How to get in on the action-what are the easiest and safest investment strategies?
-Current evaluation and challenges of emerging economies and predictions for the future
-Riding the wave of volatility- are equities and equity-like products the answer?
-What are the returns and do they outweigh the risk?

STREAM C: Sourcing Liquidity in New Markets and New Asset Classes

12:55 PM - 1:10 PM FIRE SIDE CHAT: How to achieve best execution for equity derivative trading

-What are the platforms that are assisting with best execution obligations?
-How to manage and action data when this is limited in line with best execution requirements?
-How has the adoption of TCA evolved in this space, and what needs to improve to encourage this?
-How can equity-like structures and technologies be used for an equity derivatives model?

Small Interactive Boardrooms And Workshops (limited to 15 professionals)

12:20 PM - 1:10 PM SYNERGY WORKSHOP: Breaking down how to best build a holistic approach to using SIs

-Evaluating the new SI framework and what happens when flow hits a SI?
-How will using SIs impact cost of execution?
-Will order sizes change and if so how?
-How will SIs impact trading on non-equity products and what will the trade reporting challenges be here?
-How can you overcome these?
-Will going direct to a SI/market maker impact market structure – who is doing this and what are the benefits?
-What questions should you be asking your broker about SIs?

1:10 PM - 2:10 PM Lunch and Networking

STREAM A: Supercharging the Investment Process

2:10 PM - 2:45 PM DISCUSSION PANEL: Man and machine – how to strike the perfect balance to create a truly efficient and intelligent investment process

-How to combine human intuition, creativity and empathy with a computer’s ability to crunch numbers and make predictions based on the past?
-How to address the technology challenges including increased number of reports, more ways of looking at risk and more digital lenses to view the market?
-What are the parts of the investment process that human intelligence is best at?
-What does a good investment process look like and what is the best combination of man v machine?

STREAM A: Supercharging the Investment Process

2:45 PM - 3:00 PM How to build a team to achieve full market coverage and growth in the increasingly competitive European equity trading market

-What are you looking to achieve from your team and what does this mean from a skill set perspective?
-What are the requirement differences for those operating a long vs short term house?
-How have regulations driven a greater focus on compliance, legal and analytics- how are organisations addressing this?

STREAM B: Enhancing Trading Strategies & Performance

2:10 PM - 2:45 PM PANEL DISCUSSION: How to ensure the trading desk is part of the complete investment life cycle and add true value

-Given regulatory changes, how has the role of a trader changed?
-With increased data analysis, what impact can the trader now have on trading strategy?
-Can traders now execute where they feel they can for both high touch and algos?
-How are the trading desk better categorizing orders and how does this drive efficiency for both PMs and traders?
-How can this work for assets outside of equities?

STREAM B: Enhancing Trading Strategies & Performance

2:45 PM - 3:00 PM What are the latest developments in FX Protocol and the Global Code of Conduct?

-How are custodians taking responsibility of providing accurate timestamps, especially for emerging market currencies?
-What are the practical implications when adhering to the Code regarding changes to operating models, compliance procedures, client disclosures and other documentation?
-What is the dedicated work stream for compliance and how does this work in practice?
-A review of the challenges around electronic trading and last look and what has the renewed Code doing differently?

Small Interactive Boardrooms And Workshops (limited to 15 professionals)

2:10 PM - 3:00 PM SYNERGY WORKSHOP: Evaluating developments in research payment models- what is the best option for your business?

-How to develop a budget given new research payment changes
-How to evidence your end clients on exactly what they are paying for
-What happens when an institutional clients rejects your policy- experience sharing and how they overcame this?
-What are the steps towards demonstrating a clear separation between research and trading activity?
-What are the options and how can these be incorporated into current payment models?
-What do CSAs and RPAs look like in practice, and how are the regulators actually responding to each method?
-How do companies justify commission rates?
-What are the commission management tools available and why are they so important now?

3:00 PM - 3:40 PM Afternoon Coffee Break and Networking

What Does The Future Hold For Equity Trading?

2:50 PM - 3:15 PM CLOSING KEYNOTE PANEL: The crystal ball – how will global capital markets evolve in an era of ever-changing political risk?

-What does a post Brexit Europe and Trump administration mean for financial regulation?
-What will be the knock on effect of deregulation under Trump presidency for e-trading and market structure?
-How could Britain survive with no access to the single market and how will it’s powerhouse status change?
-What impact will this have on day to day trading?
-What are the prospects for further fragmentation of the EU?
-What should we expect in the French and German elections?
-What will be the next political black swan?

4:15 PM - 4:45 PM OXFORD STYLE DEBATE: The European equities market will continue to consolidate vs fragment in the foreseeable future- FOR OR AGAINST

For – Regulatory and market participant concerns will only increase about the welfare implications of innovations like dark pools and the resulting increase in execution complexity, so consolidation will be the best route to take to better manage
For – Post-MiFID II will continue to increase costs for compliance muscling out smaller asset managers, brokers and technology providers or encouraging more M&A activity
Against – The continuing technological advances and regulatory initiatives have led to the emergence of a competitive, but fragmented, equity trading landscape and does not seem to be slowing down
Against - Heterogeneity in traders' preferences means that no single venue can and will serve the interests of all investors, encouraging providers to cater for these customer demands in order to survive in the market

4:45 PM - 4:50 PM Closing Remarks from the Chairperson

4:50 PM - 5:00 PM Close of TradeTech Europe 2018