TradeTech Europe 2024
22 - 24 April, 2024
Palais des Congrès de Paris
Day 2: Thursday 25th April 2019
8:40 am - 8:50 am
Opening Chairman Remarks
Richard Balarkas -
CEO,
Quendon Consulting
8:50 am - 9:10 am
KEYNOTE INTERVIEW: The future of trading - how leveraging AI tactics and new data sets can improve trading and investment performance
Shary Mudassir -
Managing Director, Co-Head Global Equities Execution,
RBC Capital Markets
Antish Manna -
Head, Execution Research,
Man GLG, Man Group
Richard Balarkas -
CEO,
Quendon Consulting
9:10 am - 9:45 am
ALL STAR PANEL: Taking AI and predictive data analytics to the next level – how to access liquidity systematically whilst navigating complex markets to gain a competitive edge in a global marketplace
Daniel Leon -
Global Head, Trading and Securities Financing (TSF),
AXA Investment Managers
Michael Steliaros -
Global Head of Quantitative Execution Services,
Goldman Sachs
Bertil Meijer -
former Head, Systematic Execution, Founder,
BlueCrest, TenInvest
Christian Gast -
CEO,
Systematic Investment Management AG (SIMAG)
Richard Balarkas -
CEO,
Quendon Consulting
- 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?
9:45 am - 10:20 am
ALL STAR PANEL: Evaluating new dark liquidity – what are the similarities and differences and proven strategies for interacting with them?
Andrei Kirilenko -
Director, Centre for Global Finance and Technology,
Imperial College Business School
Mark Hemsley -
President, Europe,
Cboe Europe
Scott Bradley -
Head, Sales and Marketing, LSE Cash Secondary Markets and Turquoise,
London Stock Exchange Group
Simon Gallagher -
Head, Cash and Derivatives,
Euronext
Rob Boardman -
CEO, Virtu Execution Services, EMEA,
Virtu Financial
- 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?
Andrei Kirilenko
Director, Centre for Global Finance and TechnologyImperial College Business School
Scott Bradley
Head, Sales and Marketing, LSE Cash Secondary Markets and TurquoiseLondon Stock Exchange Group
10:20 am - 10:40 am
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?
Bill Street -
Head of Investment (CIO) EMEA,
State Street Global Advisors
Richard Balarkas -
CEO,
Quendon Consulting
- What do the trading and investment divisions look like now and how does collaboration and communication differ from 10 years ago?
- How to drive technology integration and collaboration upstream - how do the various divisions streamline objectives and feedback and what needs to be improved?
- Given the rise in newer, disruptive technology, how is resilience and risk managed internally, and what other departments need to be engaged in these discussions and how?
- How can effective data and feedback sharing really drive outperformance in reality in a cross-asset world? Where are the sources of untapped data?
10:40 am - 11:20 am
Morning break
10:40 am - 11:25 am
JP Morgan hosted workshop - invite only
11:15 am - 11:55 am
ALL STAR PANEL: How are the buy and sell side leveraging technology innovation to enhance performance and generate alpha from research and trading?
Antish Manna -
Head, Execution Research,
Man GLG, Man Group
Nej D'jelal -
Managing Director, Head of Electronic Equities & Quant Prime Services Product, EMEA,
Barclays
Marlon Kelly -
Global Head, Equity Brokerage,
Kepler Cheuvreux
James Glover -
Head, Global Markets,
Nedbank CIB
Tom Doris -
Chief Data Scientist,
Liquidnet
Ian Mawdsley -
Head of Buy Side Trading EMEA & APAC,
Refinitiv
Richard Balarkas -
CEO,
Quendon Consulting
- 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?
Nej D'jelal
Managing Director, Head of Electronic Equities & Quant Prime Services Product, EMEABarclays
11:55 am - 12:25 pm
GLOBAL ECONOMY GUEST KEYNOTE: What the future holds - 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
Gerard Lyons
Former Chief Economist and Group Head of Global ResearchStandard Chartered Bank
12:25 pm - 12:45 pm
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
Richard Balarkas -
CEO,
Quendon Consulting
- 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?
12:45 pm - 1:00 pm
BREXIT KEYNOTE ADDRESS: The future of a Global Britain and its 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?
1:00 pm - 1:35 pm
ALL STAR PANEL: Life after Brexit -evaluating changes in the financial stability of European markets and the opportunities and limitations this will bring to the financial services industry? - life after Brexit
Rebecca Healey -
Head of Market Structure and Strategy,
Liquidnet
Lynn Challenger -
Global Head, Trading and Order Generation,
UBS AM O’Connor
Philippe Waechter -
Chief Economist,
Ostrum Asset Management
Lydia Buttinger -
COO, Risk,
Aberdeen Standard Investments
Tom Springbett -
Manager, Trading Venues Policy,
Financial Conduct Authority (FCA)
Jean-Charles Delcroix -
Chief Compliance Officer,
Amundi
- 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?
1:35 pm - 2:35 pm Lunch
1:35 pm - 2:35 pm Marklogic hosted workshop- invite only
Moderator: Richard Balarkas, CEO, Quendon Consulting
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 into 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
STREAM A: Smart Data Applications to Outperform
2:55 pm - 3:30 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 - Global Head, Trading and Securities Financing (TSF), AXA Investment Managers Paul Besson - Head, Quantitative Research, Kepler-Cheuvreux Bertil Meijer - former Head, Systematic Execution, Founder, BlueCrest, TenInvest Richard Balarkas - CEO, Quendon Consulting- 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?
STREAM A: Smart Data Applications to Outperform
3:30 pm - 4:00 pm NEW RESEARCH INSIGHTS: A year since MIFiD II - Developments in European equities market structure and what this means for your business in Europe and beyond Andrei Kirilenko - Director, Centre for Global Finance and Technology, Imperial College Business School
Andrei Kirilenko
Director, Centre for Global Finance and TechnologyImperial College Business School
Moderator: Julia Streets, CEO, Streets Consulting
STREAM B: Embracing Disruptive Technologies
2:35 pm - 2:55 pm A buy side story of crypto asset management: Exploring the merits and drawbacks of cryptocurrency investing and trading and what are the opportunities over the next 5 years? Stephane Ifrah - CEO, Napoleon AM
STREAM B: Embracing Disruptive Technologies
2:55 pm - 3:30 pm DISCUSSION PANEL: Examining the institutionalisation of cryptocurrencies - what are the true economic risks, benefits and investment opportunities you should be looking for? Tan T-Kiang - Chief Investment Officer, Grasshopper Gerrit van Wingerden - CTO, Caspian Miha Grčar - Head, Business development,, Bitstamp Julia Streets - Founder & CEO, Streets Consulting- 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?
Moderator: John Greenan CEO, Alignment Systems
STREAM C: Optimising Trade Workflows
2:35 pm - 2:55 pm FIRE SIDE CHAT: How can you leverage new ML 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?
STREAM C: Optimising Trade Workflows
3:55 pm - 4:30 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 Satyan Patel - Senior Vice President, Global Client Development, Hong Kong Exchanges and Clearing Limited (HKEX) John Greenan - CEO, Alignment Systems- 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?
Satyan Patel
Senior Vice President, Global Client DevelopmentHong Kong Exchanges and Clearing Limited (HKEX)
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?
