2010 Agenda

8.30 Registration and breakfast

9.00 Chairman's opening remarks

9.10 Exclusive buy-side roundtable
Navigating fragmented liquidity

• Mitigating the cost of accessing multiple trading venues
• Rating MiFid’s success for the buy-side
• Developing a multi-asset class trading strategy
• Ensuring effective liquidity access
• How equipped are the buy-side from a technology standpoint to take advantage of electronic trading?

Betsy Anderson, Head of Centralised Dealing, IGNIS ASSET MANAGEMENT
Michael Broadbent, Head of Trading, OTUS CAPITAL MANAGEMENT
Nick Nielsen, Head of Quantitative Trading, MARSHALL WACE LLP

9.40 Panel discussion
Dark liquidity pools: Nemesis or friend?

• Differentiating trading venue mechanics
• Incorporating dark liquidity pools into high-frequency trading
• Addressing proposed regulatory changes on dark liquidity
• Measuring dark pools’ impact on liquidity fragmentation

Moderator: Toby Bayliss, European Head of Portfolio & Electronic Trading, SANFORD C. BERNSTEIN
Damian Bunce, European Head of Electronic Sales Trading, BARCLAYS CAPITAL
Lee Hodgkinson, CEO, SMARTPOOL
Young Kang, Global Head of Algorithmic Products, CITI

10.30 Morning break

11.00 Presentation
Improving the bottom line via Transaction Cost Analysis (TCA)

• Using TCA to work out the impact of high frequency trading
• Understanding what brokers are doing with their client order flow
• Actionable intelligence: Integrating your TCA results into your trading strategy
• Improving data quality for TCA
• Managing the buy-side’s transparency expectations

Ben Springett, Head of Electronic Sales Trading EMEA, NOMURA INTERNATIONAL PLC

11.40 Panel discussion
Building the next generation Smart Order Router (SOR)

• Determining the proper functionality and characteristics of your next SOR
• Mapping the proper route to displayed, grey, and dark liquidity
• Ensuring that the SOR reflects the firms best execution policy
• Educating SORs on clearing and other relationships

Brian Gallagher, Managing Director, Electronic Trading, MORGAN STANLEY
Harry Gosling, Chief Executive Officer, SMART TRADE
Vincent Mooije, Senior Equity Trader, PPGM
Rajesh Nagella, EMEA Head of Algorithmic Products, CITI
Ian Salmon, Head of Liquidity Solutions, FIDESSA GROUP
Michael Seigne, European Head of Algorithmic Trading Sales, GOLDMAN SACHS

12.30 Lunch

13.30 Presentation
Market expectations in 2012: What do we want and what might we get?

• Flexibility: Innovation or regulation?
• Cost: Focus shifts to CCP’s
• Evaluating the transparency of equities compared to other assets
• Competition between exchanges, MTFs and brokers: who will win?

Richard Semark, Managing Director, European Client Trading & Execution, UBS INVESTMENT BANK

14.00 Panel discussion
Integrating Order and Execution Management Systems within the trading infrastructure

• Optimizing OMS and EMS performance
• Integrating OMS and EMS platforms with smart order routers
• Exploring the next generation of trading platforms
• Evaluating the benefits of Distributed Execution and Risk control platforms (DERS)

Kevin Bourne, Managing Director, Global Head of eEquities Global Banking & Markets, HSBC
Scott Bradley, Head of Sales EMEA, JP MORGAN CHASE
Mark Holt, Head of Systematic Implementation, BLUECREST CAPITAL
Vincent Mooijer, Senior Equity Trader, PGGM

14.50 Afternoon break

15.20 Panel discussion
High Frequency Trading

• Disclosing trader types and objectives
• Deploying the proper high-frequency trading infrastructure
• Development of algorithmic trading engines in emerging markets
• Preparing for the unintended consequences of high-frequency trading

Robert Barnes, Managing Director, Equities, UBS INVESTMENT BANK
Mark Holt, Head of Systematic Implementation, BLUECREST CAPITAL
Andrew Simpson, Head of Product Management, EURO CCP

16.10 Presentation
Implementing algorithmic strategies in a buy-side firm

• What has been the buy side’s appetite for algorithms and how are they using them?
• Assessing and meeting the unique technological and market challenges of algorithmic trading
• Deciding what platform will meet the firm’s objectives
• Effective strategies for benchmarking algorithmic strategies

Robin Griffiths, Strategist, Fund Manager, CAZENOVE CAPITAL MANAGEMENT

16.50 Chairman's closing remarks