TradeTech Europe 2019

24 - 25 April, 2019

Palais des Congrès de Paris

+44(0)2073689836

Day 2: Thursday 25th April 2019

8:40 am - 8:50 am Opening Chairman Remarks

Richard Balarkas - CEO, Quendon Consulting
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Richard Balarkas

CEO
Quendon Consulting

8:50 am - 9:10 am KEYNOTE INTERVIEW: How can you leverage deep learning and AI to unlock new insights from untapped data sets and make smarter trading and investment decisions?

Shary Mudassir - Managing Director, Co-Head Global Equities Execution, RBC Capital Markets Sharad Shandilya - Head, A.I. & Big Data, Fidelity Investments
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Shary Mudassir

Managing Director, Co-Head Global Equities Execution
RBC Capital Markets

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Sharad Shandilya

Head, A.I. & Big Data
Fidelity Investments

- How to apply data, proprietary algorithms, and machine-learning models to build portfolios and execute trading strategies
- What are the true capabilities of current macro research and analytics in deciphering complex market opportunities and asset pricing?
- How can managers better understand how the current trading environment is developing through a combination of AI and machine learning based models and quality data – how do the two compliment each other?

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Daniel Leon

Deputy Global Head, Trading and Securities Financing (TSF)
AXA Investment Managers

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Michael Steliaros

Global Head of Quantitative Execution Services
Goldman Sachs

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Bertil Meijer

former Head, Systematic Execution, Founder
BlueCrest, TenInvest

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Christian Gast

CEO
Systematic Investment Management AG (SIMAG)

- What is really dark? How is the market really interacting with dark pools and what has the true impact of the dark pool caps been on market behaviour?
- Periodic auctions: how transparent are they and when do they actually happen? Are they really an alternative to dark pool trading? Who sets the price for these and how can the value of liquidity really be demonstrated?
- How are SIs offering alternative liquidity, regarding size of liquidity, limited market impact and routes around dark pool caps?
- Developments in block trades- how are they really impacting the market regarding volatility and pricing impact?
- How are small to mid-cap stocks covered by these products and how can these now be accessed?

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Rob Boardman

Managing Director, CEO Europe
ITG

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Mark Hemsley

President, Europe
Cboe Europe

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Scott Bradley

Head, Sales and Marketing, LSE Cash Secondary Markets and Turquoise
London Stock Exchange Group

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Simon Gallagher

Head, Cash and Derivatives
Euronext

10:25 am - 10:45 am US REGULATORY KEYNOTE INTERVIEW: Inside information from the SEC- what are the current and future strategies to drive efficiency and transparency in global financial markets and how is performance assessed?

Brett Redfearn - Director, Division of Trading and Markets, SEC
-          How has the Transaction Fee pilot highlighted how changed in order routing behavior, execution quality, and market quality can change across different test groups and impact questions for regulators in the future?
-          What are the future efforts of the SEC to further promote fair and orderly markets and continue to build an efficient and resilient global market?
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Brett Redfearn

Director, Division of Trading and Markets
SEC

10:45 am - 11:25 am Morning break

-          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?
-          How has AI, alternative data sets and AI changed how the buy side and sell side collaborate?
-          How has automation of the sales process for research driven alpha creation and enhanced productivity?
-          How is the development of alternative data sourcing challenging the value of sell side research and how are the buy side reacting?
-          How have changes in broker fees driven the appetite for more transparent services and what does this mean for the future of asset management and outsourced services?
-          What data internally is actually being used? What does this mean when implementing smart analytics and how can this provide company differentiation and outperformance through both research and trading?
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Antish Manna

Head, Execution Research
Man GLG, Man Group

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Nej D'jelal

Managing Director, Head of Electronic Equities & Quant Prime Services Product, EMEA
Barclays

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James Glover

Head, Global Markets
NedBank

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Marlon Kelly

Global Head, Equity Brokerage
Kepler Cheuvreux

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Tom Doris

Chief Data Scientist
Liquidnet

12:05 pm - 12:35 pm GLOBAL ECONOMY GUEST KEYNOTE: What does the future hold - Gerard Lyons predictions on the future state of the global economy and how to stay ahead?

Gerard Lyons - Former Chief Economist and Group Head of Global Research, Standard Chartered Bank
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Gerard Lyons

Former Chief Economist and Group Head of Global Research
Standard Chartered Bank

12:35 pm - 12:50 pm BREXIT KEYOTE ADDRESS: The future of a Global Britain and it’s relationship with the EU – what can we expect from a financial services perspective?

The Rt Hon Lord Edward Garnier - Barrister, QC
-          Defining the impact that the EU Withdrawal Act and different legislation will and is having on the financial services community
-          What have been the biggest legal challenges that the EU withdrawal process has created and why is this really a problem?
-          How can financial organisations achieve regulatory coherence after Brexit?
-          What does your organisation need to be aware of and plan for in order to survive and thrive in this post-Brexit world?
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The Rt Hon Lord Edward Garnier

Barrister
QC

-          What are the practicalities of who you can and can’t trade with and what relationships do you need to nurture to ensure the
post-Brexit transition is successful?
-          How are brokers now accommodating different flows from different locations? What does this mean for the buy side and their partnerships with UK, European and international clients?
-          How are financial organisations delegating responsibility of UK vs EU issuance?
-          Where are companies positioning PMs vs traders and does this really matter?
-          How will the cost of broker services change for the buy side considering the overall increase in legal and documentation fees?
-          How will liquidity be impacted?
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Rebecca Healey

Head of Market Structure and Strategy
Liquidnet

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Lynn Challenger

Global Head, Trading and Order Generation
UBS AM O’Connor

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Philippe Waechter

Chief Economist
Ostrum Asset Management

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Lydia Buttinger

Global Head, Regulatory Engagement and Risk Governance
Aberdeen Standard Investments

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Tom Springbett

Manager, Trading Venues Policy
Financial Conduct Authority (FCA)

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Jean-Charles Delcroix

Chief Compliance Officer
Amundi

1:30 pm - 2:30 pm Lunch

STREAM A: Smart Data Applications to Outperform

2:35 pm - 2:55 pm How to overcome poor quality and inconsistent trade data to extract accurate analysis that supports smarter decision making – an insight it’s ESMA’s legislation approach and rationale
Olga Petrenko - Team Leader, Market Data Policy, ESMA
-          What was the rationale behind ESMA’s reporting regulations and has the approach come to fruition?
-          What are the differences between MIFIR and EMIR and how is data quality assessed?
-          What are the identifiers that the market need to be aware of and where have the reporting inconsistencies been?
-          How has the regulation helped achieve work processes to be more lean and efficient?
-          Insight into why the validation rules are the way they are?
Life after reporting- how are the regulators actioning this data

Olga Petrenko

Team Leader, Market Data Policy
ESMA

STREAM A: Smart Data Applications to Outperform

2:50 pm - 3:25 pm DISCUSSION PANEL: How has the rise of algo trading impacted the performance of trading strategies and the skillset required in your team?
Daniel Leon - Deputy Global Head, Trading and Securities Financing (TSF), AXA Investment Managers Bertil Meijer - former Head, Systematic Execution, Founder, BlueCrest, TenInvest
-          With removing human bias and more statistical based decisions being made, has the market become more predictable and if not, why?
-          How has algo trading effected dispersion and forecast accuracy of financial markets?
-          How are organisations refining and analysing the type of algos they trade? What is the trader’s role in this type of analysis and how has accuracy of market predictions changed?
-          How has the role of a trader changed and what does this mean for the future?
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Daniel Leon

Deputy Global Head, Trading and Securities Financing (TSF)
AXA Investment Managers

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Bertil Meijer

former Head, Systematic Execution, Founder
BlueCrest, TenInvest

STREAM B: Embracing Disruptive Technologies

2:35 pm - 2:55 pm How to reshape your business model and strategy through digital innovation and transformation by investing in fintech – a step by step approach from start up evaluation through to implementation
-          What is the Employee Experience Strategy at BNP Paribas Wealth Management and how it is aiming to drive efficiency and innovation internally?
-          What are the initiatives that the project are currently implementing and how are they improving internal data management, market prediction and client interaction?
-          What are the biggest challenges and opportunities that working with starts ups has brought, and how were these overcome and capitalised on respectively?
-          How has the EES really changed the business, from a profit, reputation and organizational perspective?
-          What’s next for the organization and why?

STREAM B: Embracing Disruptive Technologies

2:50 pm - 3:25 pm FIRE SIDE CHAT: Examining the institutionalisation of cryptocurrencies - what are the true economic risks, benefits and investment opportunities you should be looking for?
Tan T-Kiang - CIO, Grasshopper Chris Jenkins - Managing Director, Tora Trading
-          Which institutional players have moved into this space, and where are they seeing the appetite and financial reward?
-          What are the real risks with digital assets?
-          How are these being moved into future trading and investment strategies?
-          What is the lifecycle of moving into this asset class?
-          What trading styles are they similar to? FX, equities?
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Tan T-Kiang

CIO
Grasshopper

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Chris Jenkins

Managing Director
Tora Trading

STREAM C: Optimising Trade Workflows

2:30 pm - 2:50 pm How can you implement agile processing methodologies that allow you to adjust to ever changing regulatory requirements and client demands?
Virginie Saade - Director, Government & Regulatory Policy for Europe, Citadel
-          How to ensure that trading platforms are robust enough to adjust to changes once highlighted by regulators?
-          How do other asset classes manage this agility and responsiveness and what can equities learn?
-          How to best incorporate feedback from end clients
-          What are the latest developments in multi-asset infrastructures that are working well for the buy side?
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Virginie Saade

Director, Government & Regulatory Policy for Europe
Citadel

STREAM C: Optimising Trade Workflows

2:50 pm - 3:25 pm Russia Panel- content and contributors to be determined

STREAM D: Small Interactive Boardrooms/ Workshops (maximum 15 attendees)

2:30 pm - 3:25 pm WORKING GROUP: Breaking down the mechanism of your algos to better understand routing choice and make smarter performance-enhancing decisions– stories shared
Neil Joseph - European Head of Equity Trading, J.P. Morgan Asset Management
-          Why are certain algos used over others?
-          Why are certain algos used at certain times as opposed to others?
-          Who have the best algos, for whom and why?
-          How to leverage these newer forms of trading in a compliant framework?
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Neil Joseph

European Head of Equity Trading
J.P. Morgan Asset Management

STREAM A: Driving Outperformance Through Trader Behaviour Analysis

3:25 pm - 3:45 pm INDUSTRY CASE STUDY: Evaluating AI in finance – how behavioural finance can used as a tool to drive smarter investment decisions and source new liquidity opportunities
Sharad Shandilya - Head, A.I. & Big Data, Fidelity Investments
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Sharad Shandilya

Head, A.I. & Big Data
Fidelity Investments

STREAM B: Embracing Disruptive Technologies

3:25 pm - 4:00 pm FIRE SIDE CHAT: How to leverage new machine learning and AI approaches to drive better data sharing across teams and develop outperforming portfolios
Alain Robert-Dautan - Head, Risk Management, Sycomore Asset Management Enrico Piccolini - Financial Risk Manager, Generali Investments
 
-How is AI looking to be leveraged for both companies and is this application appreciated across all teams? If not, what are the efforts to better this communication?
-How has improved data and computational models improved risk analysis and risk management?
-What are the back testing approaches to ensure efficiency of this approach?
-What are the limitations of AI and ML in this application?
-How is the information now relayed to other teams in the investment department?
-How has this approach benefited the front office and overall business objectives? What have been the drawbacks and approaches to overcome this?
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Alain Robert-Dautan

Head, Risk Management
Sycomore Asset Management

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Enrico Piccolini

Financial Risk Manager
Generali Investments

STREAM C: Generating Alpha- New Market Opportunities

3:25 pm - 3:45 pm FIRE SIDE CHAT: How will changing global equity markets impact your business and what are the risk and opportunities to prepare for and action to outperform in 2020?
Philippe Waechter - Chief Economist, Ostrum Asset Management Brigitte Posch - Managing Director, Global Head of Emerging Markets, Apollo Global Management Enrico Massignani - Head, Risk Management, Generali Investment
-          How are rising rates and higher volatility creating opportunities for active managers
-          What are the  differences in central bank policies in Europe and the US given expectations in growth and uncertainty around inflation
-          Dissecting the changing role of alternative investments in a truly diversified portfolio
-          Equity and fixed income valuations – expectations for EU vs US vs emerging markets
-          How are geopolitical risks, from North Korea and Brexit impacting investor behavior? 
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Philippe Waechter

Chief Economist
Ostrum Asset Management

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Brigitte Posch

Managing Director, Global Head of Emerging Markets
Apollo Global Management

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Enrico Massignani

Head, Risk Management
Generali Investment

STREAM D: Collaboration Working Groups (maximum 12 attendees – buy side only)

3:25 pm - 3:45 pm WORKING GROUP: How to better collaborate with IT to solve your infrastructure challenges fast
-          Identifying the pain points and understanding each teams objectives- have these changed over the last 5 years and if so, how?
-          What level of understanding is their on the other team’s needs, and how it this currently communicated?
-          Practical examples of how to remove boundaries and get a good working relationship
-          How can good collaboration really help solve your problems – real examples of tangible improvements at a trading level and on a global organisational level

3:45 pm - 4:15 pm Afternoon Coffee Break and Networking

4:15 pm - 4:35 pm KEYNOTE INTERVIEW: Which new disruptive technologies are likely to transform the way the equity trading ecosystem operates and how can you structure your trading division to benefit?

Rick Lacaille - Global Chief Investment Officer, SSGA
-          How far upstream does trading now go? Where is the clear line of division and how has this changed over the last decade?
-          What can larger asset managers learn from smaller, leaner hedge funds on how these job functions and departments are integrated?
-          How do the various divisions communicate and streamline objectives and feedback – what needs to be improved?
-          How can effective data and feedback sharing really drive outperformance in reality in a cross-asset world?
-          How can the industry change best execution to be more a function of the complete order lifecycle, not just execution on the venue?
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Rick Lacaille

Global Chief Investment Officer
SSGA

4:35 pm - 5:00 pm CRYSTAL BALL GAZING: How will global capital markets evolve in an era of ever-changing political risk and how can you turn today’s challenges into tomorrow’s opportunities?

-          What does a post Brexit Europe and continued Trump administration mean for financial markets and the trading function?
-          How will investor attitudes towards equities fair up in light of trade tensions and political uncertainty and what challenges and opportunities can this bring?
-          What does the 2028 equity trading market structure look like and how truly different is it to today’s ecosystem?
What are the top 3 actions the panelists will take in their role to maintain a competitive business position, improve efficiency and ensure outperformance?

5:00 pm - 5:20 pm Chairpersons Closing Remarks

5:20 pm - 5:20 pm End of Conference