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Fixed Income Leaders Summit 2015 (past event)
13 - 15 October, 2015
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Exploring Next Generation Fixed Income Trading
08:20 - 09:00 Registration and Breakfast
09:00 - 09:10 Chairperson Opening Remarks
09:10 - 09:50 All Star Panel: Making multi-asset trading a reality- What are the people, processes and technology requirements needed?
As capital markets advance and buy side trading desks become more independent and self conscious, a trend that has begun to gather pace recently is the prospect of a multi-asset trading desk. With increased correlation and interconnection between asset classes, alongside the ever increasing need for belt tightening, buy side firms at the very forefront of the industry have begun to explore the idea of a multi asset trading desk. This ‘All Star Panel’ is a must attend session where you will find out:
- What are the drivers for a multi asset trading desk and what instruments can you use to streamline your trading processes?
- Can buy side traders become multi asset and multi skilled themselves or is this beyond the realms of possibility?
- How can you make trading more efficient by multi skilling your traders?
- What products and market conditions can facilitate multi asset trading?
- Outlining the costs and implementation requirements for multi asset trading- What technology enables a multi asset strategy?
09:50 - 10:20 Buy Side Economist: Global economic outlook- Exploring how you can take advantage of new opportunities over the next 12 months and beyond
Global outlook- What is the medium-long term outlook for mature economies and how can you use this to your benefit?
- What global themes will dominate the agenda over then next 12 months and how can you steer your desk to take advantage of these opportunities?
- What is the outlook for the FED and ECB policy as advanced economy central banks work at different stages of Quantative Easing?
- Do diverging interest-rate policies and currency prospects across regions offer an opportunity for fixed income investors?
10:20 - 11:00 Morning Networking Break
Boost your eTrading capabilities:
11:00 - 11:45 360° Perspective: The TCA evolution- Are we moving closer to an ideal fixed income market model?Transaction Cost Analysis (TCA) is traditionally a form of technology actively used across equities and FX asset classes. However, over recent years, both buy side firms and technology suppliers have developed fixed income TCA to help significantly improve their trading activities and measure best execution. Attend this market leading panel where you will gain insights on:
- Should there be a single methodology for fixed income TCA?
- What are the key demands of fixed income TCA?
- What are the implementation policies and costs to make bespoke TCA for fixed income?
- How can you use TCA to find market liquidity where others will not?
- How can you utilise your TCA to take advantage of new ways of trading?
Build a winning portfolio:
11:00 - 11:45 360° Perspective: Operating in a near-zero interest rate environment- How to generate returns for your risk averse investors
Speakers:
Lucette Yvernault Pan European and Global Credit PM Schroder Investment Management
David Zahn Head of European Fixed Income Franklin Templeton
Bas Fransen Head of Capital Markets Grupo Caja de Ingenieros
Louis Gargour CIO and Managing Partner LNG Capital
Bahar Alsharif Deputy Treasurer International Finance Corporation
Lucette Yvernault Pan European and Global Credit PM Schroder Investment Management
David Zahn Head of European Fixed Income Franklin Templeton
Bas Fransen Head of Capital Markets Grupo Caja de Ingenieros
Louis Gargour CIO and Managing Partner LNG Capital
Bahar Alsharif Deputy Treasurer International Finance Corporation
With investors demanding a return on their portfolios, working in a low/negative interest rate environment can be extremely difficult. Therefore, undertaking new strategies and understanding where new opportunities lie is critical to the success of a winning portfolio. Attend this interactive case study where you will learn:
- With long term bonds set to expire, how do you invest in new ones with low interest rates to appease your clients?
- Minimise your interest load- Where do opportunities lie on shorter term projects?
- What opportunities do rising interest rates in the US bring with the end of US QE?
- How can you generate a return for European investors without overarching risk?
- Is now the time for alternative investments, or are there still opportunities in global markets?
Regenerate your OMS system:
11:00 - 11:45 Synergy Workshop: How to get the most out of your Order Management and Execution Management system providerWith new regulations, a changing market structure and increasing compliance demands, ensuring you have an OMS system which is fully up to date and can cope with all these changes is vital. This workshop is an interactive session which is dedicated to giving you the knowledge on exactly what you should be expecting from your current OMS provider, and whether your system can cope with current market demands. Work with your peers to generate key take-aways from this session and learn:
- What are the lessons to be learned around current OMS providers?
- What are the issues with your current OMS/EMS systems and how can you overcome these?
- What are the latest developments around new OMS system providers?
- What other forms of technology and connectivity should you look to incorporate into your OMS/EMS to succeed in new markets?
- What are the latest features from the different OMS providers which can help you make informed trading decisions?
- Can you have separate providers for both your OMS and EMS offering?
Boost your eTrading capabilities:
11:45 - 12:30 360° Perspective: The equities automation journey- Which transferable lessons can be applied to accelerate your eTrading capabilities?As you know, the fixed income industry is presently going through exciting change not too dissimilar to the equities evolution 10-15 years ago. In recent times, there have been some correlations and firms have started to utilise equities technology to their fixed income trading desks. This senior level panel brings together three experts who also have a strong background in equities who will share their top tips on technological synergies you should look out for. Attend this panel to find out:
- Recognising the key differences between equities and fixed Income- What can you learn from the technology boom in equities and what does this mean for fixed income?
- Is the equities evolution a reliable indicator of where fixed income markets are heading, or will fixed income markets behave in a different manner?
- Will the e-trading innovation lead to more dark pools in fixed income?
- Technology boom- What tools will be essential to improve your fixed income trading capabilities?
Build a winning portfolio:
11:45 - 12:30 360° Perspective: Exclusive insights into the most lucrative emerging market opportunities - How can you best exploit them?
Speakers:
Gregorio Saichin Global Head of EM Fixed Income Allianz Global Investors
Brigitte Le Bris Managing Director, Head of Fixed Income EM Natixis Asset Management
David Denison CIO and Managing Partner Florin Court Capital
Daniel Klusmann Portfolio Manager, EM Debt Aviva Investors
Moderator:
Bahar Alsharif Deputy Treasurer International Finance Corporation
Gregorio Saichin Global Head of EM Fixed Income Allianz Global Investors
Brigitte Le Bris Managing Director, Head of Fixed Income EM Natixis Asset Management
David Denison CIO and Managing Partner Florin Court Capital
Daniel Klusmann Portfolio Manager, EM Debt Aviva Investors
Moderator:
Bahar Alsharif Deputy Treasurer International Finance Corporation
This market leading panel will offer insights and expertise from leading emerging market strategists within fixed income, and discuss where the key trends lie that will dominate emerging market trading over the next 12 months and beyond. During this session you will gain insights on:
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What are the strong themes currently dominating fixed income emerging markets?
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What strategies can you undertake to source liquidity in emerging markets?
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Local vs. Global Investors- What resources should you allocate to emerging markets?
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How can you build strong relationships with local brokers to source liquidity and reduce risk
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What does US Dollar strength mean for emerging markets?
Regenerate your OMS system:
11:45 - 12:30 Track C continued12:30 - 14:00 Networking Lunch
14:00 - 14:40 Fireside Chat: How can you exploit innovation in big data analytics to make more informed trading decisions?
Although various fixed income asset types may appear to be good investment targets, analysing the risks are key to overcome the many challenges provided with new investment strategies. Therefore, the correct and proper use of data and analytics is bearing increasing importance in fixed income markets. This panel will discuss how you can make sense of all your data, and where you can tap into new data sources to improve your investment strategies. Attend this session to find out:
- Data mining- How do you decide what data is relevant and what data you need to improve your fixed income trading capabilities?
- New data developments- How can you stimulate new market environments and validate investment strategies?
- What are the limitations of the right usage of data and how can you use this data to back up your trading strategies?
- How can you use your historical data to profile your partners by expertise, rating and sizes?
David Berry
Market Data, Exchange, Commissions Global Sourcing CIQIPUG , COSSIOM, FISD Exec Committee
14:40 - 15:20 360 Perspective: With the evolution of fixed income markets, how will the boundaries between Portfolio Managers and Traders change?
- What should the dealer of the future have the skills of?
- Should dealers have an active view on the decision making process, or should their role be solely execution?
- Should PMs be interacting directly with the street, or should they place more trust in the traders?
- In the future should there be a definite segregation of duties between the PM and the trader, or should this depend on the individual and their abilities?
- Will there be a need for dealers to be more educated on how to identify market trends, or will this be a duty that is left with the PM?
15:20 - 16:00 Crystal Ball Session: Fixed income markets of the future- What will the industry look like once the dust has settled?
As seen throughout the themes of this conference, the FX industry is in the midst of going through radical change, from both a regulatory and technological aspect, but when the dust settles how will the market operate? This forward looking panel will look into their crystal ball and discuss how they expect the FX market to develop over the next 10 years, along with input from the audience. Attend this final interactive session where our panellists will discuss:
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What will your future buy side trading desk look like?
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What will the market of buy side, sell side, technology providers and platforms look like in the next 10 years?
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Connecting to buy and sell side traders- How will technology connect your desks in the future?
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Who will be the main providers of liquidity once the market settles into a new market structure?
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Will there be a consolidation of platforms once the market structure becomes more established?
