Fixed Income Leaders Summit 2016 (past event)
08 - 10 November, 2016
44(0) 207 368 9540
Day 2- Thursday 10th November 2016
08:20 - 08:40 Registration and Breakfast
08:40 - 08:45 Chairperson’s Opening Remarks
08:45 - 09:30 All Star Panel: Embracing a new mind-set- How must both the buy and sell side modify their behaviour to succeed in increasingly electronic markets?
Jonathan Gray Head of Fixed Income, EMEA Liquidnet
Louise Drummond Head of Fixed Income and FX Dealing Aberdeen AM
Mariano Goldfischer Managing Director, Global Head Credit Trading and Syndicate Crédit Agricole
Michael Schmidt Chairman Algomi
Mike Poole Fixed Income Dealer Jupiter Asset Management
Moderator:
Thomas Jaques Vice President and Consultant Greenwich Associates
As fixed income markets transform and the way you trade on a daily basis changes, many industry experts not only suggest that changes in technology and market structure is required, but also a change in mindset. With your roles and the way you plan and execute trades changing, new innovative ways of thinking and working also need to be adopted to help both the buy and sell side progress and harness change. Attend this industry leading panel where they will discuss:
- Is a behavioural change needed to help unlock new liquidity and push innovation further across the market?
- Old vs young – How is the style of trading differing for a new generation of traders with increased eTrading in fixed income?
- Juniorisation of the sell side- What is the impact on the quality of advice, quality of research and quality of service as experienced staff are let go from the sell side and how can these concerns be addressed?
- Raising the bar of trading- What skillsets are key in modern markets for your trading and investment teams to prosper?
- Debate- Will fixed income trading behaviour become more equity like in future?
Mariano Goldfischer
Managing Director, Global Head Credit Trading and SyndicateCrédit Agricole
Michael Schmidt
ChairmanAlgomi
Thomas Jaques
Vice President and ConsultantGreenwich Associates
Mike Poole
Fixed Income DealerJupiter Asset Management
09:30 - 10:05 360° Perspective: Trader Evolution- How are the traditional skillsets of buy side and sell side traders and PMs evolving on the back of a market structure overhaul?
Juan Landazabal Global Head of Fixed Income Trading Deutsche AWM
Steven Swann Global Head of Trading Standard Life
Nick Robinson Former Fixed Income Head of Trading Schroders
Stephane Malrait Global Head of Financial Markets eCommerce ING
Gareth Coltman Head of European Product Management MarketAxess
Thomas Jaques Vice President and Consultant Greenwich Associates
- Empowering your trading and investment functions- How can you set up internal processes to improve workflow efficiency across trading and portfolio management?
- Traders vs PMs- Should your dealers just be focused solely on execution, or should they also work in an advisory role to provide expertise on certain trades?
- How is automation changing the dialogue between portfolio managers and traders?
- Skillsets of the future- What are the requirements of both traders and portfolio managers to successfully thrive in liquidity deprived markets?
Thomas Jaques
Vice President and ConsultantGreenwich Associates
10:05 - 10:25 Economic Keynote: The year ahead- What will be the key macro indicators in 2017 and how will this impact your fixed income markets?
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Global outlook- What is the medium-long term outlook for mature economies and how can you use this to your benefit?
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What themes will dominate the fixed income agenda over the next 12 months and how can you steer your desk through these new changes?
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Will global divergence in economic growth and monetary policy continue into 2017 or could we finally see a stabilising global economy?
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How has the US rate hike impacted global markets- Could we see a further hike over the next 12 months or are the risks too great?
10:25 - 10:45 Industry Perspective: Setting FICC Markets Standards: How can buy and sell side collaboration be brought forward to promote Standards in Wholesale Markets
- How can risks and uncertainties be avoided in wholesale financial markets
- How can the FICC industry agree and promote standards to improve conduct and market practice
- What steps can the FICC market standards board take to ensure the process is transparent to market participants
- How are close working relationships with regulators and authorities internationally helping bring these market standards forward?
10:45 - 11:15 Morning Networking Break
Track A: Gaining The Critical Information Edge
11:15 - 11:55 360° Perspective: How can you improve your access to fixed income market data to support your pre trade analysis?-
How do different participants from the buy and sell side rank their market data to establish effective trading recommendations?
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How can you improve your market data capture and plug into new sources to support your trading decisions?
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Separating the good from the bad- What is good and bad market data?
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Big data analytics- How can you analyse your market data to look for themes and new trends across markets?
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Pre-trade analysis- What makes a successful pre-trade information tool and how can you implement this on your desk?
Track B: Diversifying Your Portfolio
11:15 - 11:55 360° Perspective: The hunt for yield in the backdrop of interest rate rises- Which strategies should you implement to give your portfolio the best exposure?Javier Dominguez Managing Partner Auriga Global Investors
Yoav Git Partner, Head of Fixed Income MAN AHL
Alexis Renault ED, Global Head of High Yield Oddo Meriten Asset Management
Erik Vynckier Board Member Foresters Friendly Society
Moderator:
David Saab Managing Director JP Morgan Private Bank
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Rising rates in the US and a stronger dollar- How will this impact the yield across your portfolio?
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How should you position your portfolio on the yield curve and how can you minimise the impact of negative yields?
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How negative can the yields get and how short can the curve get- Where do you go from here?
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What strategies can you put in place to generate extra yield without taking on too much risk?
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When interest rates finally rise, what impact will this have on the yield curve?
Track C: Small Interactive Boardrooms and Workshops
11:15 - 11:55 MiFID II Workshop: Transparency on MiFID II- All you need to know to practically prepare your front office for the new MiFID II requirementsMaximum 25 Delegates
- All you need to know about MiFID II- What are the key areas which will have a direct impact on your front office?
- How can you best use the additional time from the MiFID II delay to your advantage?
- Setting your strategy- What practical steps do you to follow to best prepare for these new requirements?
- What resources and technology do you need to prepare for the MiFID II deadline?
- What will the impact of MiFID II be on liquidity, workflow and interaction between dealers and clients?
Track A: Gaining The Critical Information Edge
11:55 - 12:35 360° Perspective: The future of TCA in fixed income- How far are we from seeing more trade data depth to enable the enrichment of existing offerings?Alex Sedgwick Vice President, Fixed Income Market Structure T. Rowe Price
James Wallin Senior Vice President, Fixed Income Alliance Bernstein
Russ Oxley Independent advisor .
Nick Robinson Former Fixed Income Head of Trading Schroders
Mike Googe Global Head, Post-Trade Transaction Cost Analysis Bloomberg L.P.
Moderator:
Marcus Hooper Strategy Consultant Sarasin and Partners
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Should there be a single methodology for fixed income TCA?
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What are the key demands of fixed income TCA?
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What are the implementation policies and costs to make bespoke TCA for fixed income?
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How can you use TCA to find market liquidity where others will not?
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How can you use your TCA to take advantage of new ways of trading?
Track B: Diversifying Your Portfolio
11:55 - 12:35 360° Perspective: EM focus- Which countries will offer the most profitable opportunities in 2017?-
What are the key trends and themes that will dominate EM and generate returns over the next 12 months?
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Long vs short term- Which countries should you invest in over the next 12 months?
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How are different markets reacting to the interest rate rise in the US and what opportunities does this bring?
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What is the relationship between commodity prices and EM trends and how does this influence EM trading?
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Debt restructuring- Are we going to see more of this in EM countries?
Track C: Small Interactive Boardrooms and Workshops
11:55 - 12:35 TRACK C CONTINUEDTrack A: Gaining The Critical Information Edge
12:35 - 12:55 Industry Perspective: Embracing technology- How can you bring market data and TCA together to prosper?- Perception vs reality- How can you use data to monitor liquidity conditions?
- How can you combine both your market data and TCA to establish the best sell side partners and understand the best partners to trade with?
- Learning from TCA to challenge perception- what is an effective methodology for utilising fixed income TCA?
- How can you use TCA to fully maximise buy side traders performances?
Track B: Diversifying Your Portfolio
12:35 - 12:55 Industry Perspective: Tapping into Chinese bond markets- What is driving the growth of China’s bond market and where do the lucrative investment opportunities lie?-
Chinese macro indicators- With the economy on a slowing trend can it still provide a profitable haven for fixed income investing in the near future?
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How does Chinese monetary policy impact investment in Chinese bonds?
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What hurdles do you face when trying to gain access to Chinese bond markets and how can they be overcome?
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Where do the key trends lie in 2017 and what products can provide the most profitable returns over the next 12 months?
Track C: Small Interactive Boardrooms and Workshops
12:35 - 12:55 TRACK C CONTINUEDNetworking Lunch
12:55 - 14:00 Networking LunchWomen in Trading Think Tank:
12:55 - 14:00 How can the fixed income industry better attract, develop and retain top female talent?
14:00 - 14:20 Industry Perspective: Realising the benefits of a truly multi asset desk- How to eliminate major roadblocks to make your vision for a streamlined trading business a reality?
As capital markets advance buy side firms are now moving towards the idea of running a multi-asset trading hub. With increased correlation between asset classes, alongside the ever increasing need for belt-tightening, multi asset trading is becoming more of a reality. Attend this session where you will learn:
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Setting up a multi asset desk- How can this be done and what skillsets does a trader need?
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How can a multi asset desk help leverage combined execution market intelligence?
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What technological tools can you incorporate that can facilitate a multi-asset model?
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How does the electronification of fixed income markets enable the rise of multi asset trading?
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Low touch vs high touch trading- Outlining what types of fixed income trading are best suited to a multi-asset model
14:20 - 14:40 Industry Perspective: Unlocking Blockchain’s potential- How can this new technology revolutionise capital markets to slash costs and reduce risk?
Blockchain has become a buzzword for many financial market experts, stating it has the potential to transform capital markets as a whole, further changing the traditional methods of trading both bonds and derivatives. Over the last 12 months, the talk of Blockchain has further gained momentum, and more leading firms across capital markets are now turning their attention to this technology to better understand the benefits it can bring. Attend this session to get clarity on Blockchain, where you will learn:
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How does Blockchain work and what benefits can this new technology bring to capital markets as a whole?
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Building Blockchain- What is the underlying structure to blockchain and how can this improve efficiency across the full trade lifecycle?
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Integrating Blockchain- What are the realistic timelines for Blockchain to become a reality in capital markets?
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Challenging the status quo- What impacts could distributed ledger technology have on the market structure?
14:40 - 15:20 Conference Wrap-up: Tailor the content- Your final chance to have your unresolved fixed income pain points resolved
Audience Participation
Our final session at the 2016 edition of the Fixed Income Leaders Summit will be designed by you. Throughout the two days, post a question regarding the biggest challenge you are currently facing to ensure it is addressed at the conference, and the most popular topics will be chosen by the audience for our panel of experts to provide insights on; make the most of this unique opportunity to shape the agenda yourself. Our knowledgeable panel will provide expertise on:
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Execution
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Technology
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Strategy
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Market Structure
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Regulation
