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Profit & Loss Forex Network in Chicago, September 24-25, 2015

Nasdaq is proud to sponsor the Profit and Loss Forex Network Conference in Chicago September 24-25th. Attracting FX global leaders, P&L Forex Network Chicago provides a unique opportunity to discuss the changing regulatory environment and market forces in foreign currency trading.

Nasdaq Speaker

David Holcombe, Head of FX Product

David Holcombe, Head of FX Product at Nasdaq, will participate in the Challenging of the Old Guard panel from 2:15 – 3:00 P.M. on the 24th to show how FX industry pressures, including growing regulatory requirements, customer disillusionment following scandals and changing cost burdens, will impact the FX market structure moving forward and how firms can tap into potential opportunity.

Agenda

 

 


Wednesday, September 23

T.B.D

Pre Event Party – Sponsored by BNP Paribas

Thursday, September 24 / Day 1

8:00 - 9:00

Registration & Breakfast - Sponsored by ADS Securities

9:00 - 9:30

Keynote Address: J. Christopher Giancarlo, CFTC Commissioner

9:30 - 10:15

Panel 1: “Climate Change” 
Is the environment shifting irrevocably in the FX market? It seems undeniable that the climate of the FX markets is changing, with new participants entering the market, volatility increasing, platform consolidation beginning to take root and ever-changing regulatory requirements being introduced. The question is: what do these changes mean for FX market liquidity? Are we entering a “new normal”?

10:15 - 10:45

Coffee - Sponsored by ParFX

10:45 - 11:30

Panel 2: “The Impact of Capital”
How are banks accounting for capital, and how does it impact pricing to clients. How are end clients dealing with this? What is the cost impact to banks to clear these trades? How is credit impacting banks’ risk appetite?

11:30 - 12:15

Panel 3: “A New View of Execution Quality”
More than ever, firms are reviewing how they execute FX and are looking for new ways to improve execution quality. The arguments over “last look”, fixings and the agency vs. principal business models have been played out very publicly over the past year, but what are the new areas of debate?

12:15 - 1:00

Panel 4: “Liquidity Partnerships”
How people provide, access and consume liquidity is coming under increased scrutiny, but what are the factors driving decisions about where firms in the FX market go to seek liquidity? With increasing capital constraints and a growing preference for agency execution growing in certain corners of the market, is pricing and technology supplanting the importance of relationships? Will new liquidity partnerships be able to alter the status quo in FX?

1:00 - 2:00

Lunch

2:00 - 2:15

P&L Interview

2:15 - 3:00

Panel 5: “Challenging the Old Guard”
A perfect storm of growing regulatory requirements, customer disillusionment following scandals and changing cost pressures on financial services firms appears to be shifting the very structure of the FX market. Change means opportunity, and the opportunities available in a $5.3 trillion per day market can be sizable for the firms willing to invest in it. But is it possible, or even desirable, to topple the established order in FX?

This panel will also look at:

  • Inefficiencies in the current market structure
  • Channeling customer flow to best execution sources
  • Using technology to achieve ‘first mover’ advantage
  • How market changes impact risk management

Speakers:
Dmitri Galinov, CEO, FastMatch
David Holcombe, Head of FX Product, Nasdaq
John Miesner, Head of Global Sales, GTX
Harpal Sandhu, CEO, Integral Development Corp

3:00 - 3:30

Coffee - Sponsored by ParFX

3:30 - 4:15

Panel 6: “Margin Call: Re-Pricing Risk in FX”
Events at the beginning of 2015 clearly showed that some firms had significantly mispriced the FX market risk, and continued volatility since then has further forced firms to re-evaluate how they perceive and price this risk. How are risk models, parameters and technology changing in the FX market, and what impact does this have on the price of trading?

4:15 - 5:00

Panel 7: “Building a Robust Risk Chain”
As the progress of technology marches inexorably forward and the structure of the FX market continues to evolve, are operational gaps appearing in firms’ risk management systems? How do firms go about implementing effective front-to-back risk management procedures in today’s FX market?

5:30 - 8:00

Cocktails - Sponsored by CME Group

8:30 -

Late After Party - Sponsored by EBS BrokerTec

I0 Rooftop Lounge, Godfrey Hotel, 127W. Huron at LaSalle, Chicago IL 60654 

Friday, September 25 / Day 2

8:30 - 9:30

Registration & Breakfast - Sponsored by GFI Group

9:30 - 10:15

Panel 8: “The Future of Financial Services: Bitcoin or Blockchain?”
When Bitcoin first burst onto the scene, the financial services industry initially appeared uncertain as to how to react to this new digital currency. But two years after hitting the mainstream, how is Wall Street viewing cryptocurrencies? Is it Bitcoin itself or the blockchain technology that underpins it that has financial services firms excited?

10:15 - 11:00

Panel 9: “CTAs and Volatile Markets”
After a torrid few years for the managed funds industry, the Newedge CTA index finished 2014 showing a return of +15.58% following five consecutive months of positive returns. Can this performance be sustained and what are the potential headwinds and opportunities for CTAs that trade FX?

11:00 - 11:30

Coffee - Sponsored by ParFX

11:30 - 12:15

Panel 10: “The Profit & Loss Think-Tank: The Future SDP”
Will current models stand the test of time (and regulation)? What should the Single Dealer Platform of the future look like?

12:15 - 1:30

Lunch

   

 

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