London Agenda

08:00-20:00

Exhibition

08:00-08:45

Morning Registration

09:00-10:15

What Happens Next in Trading?

09:00-10:15

Navigating Europe’s fragmented liquidity pools
Increasing competition between traditional exchanges, MTFs and dark liquidity pools is changing the face of European equity trading. How will this impact the brokerage community - faced with increasing demands of MIFID regulation, best execution and rising market access costs? Join this session to hear a panel of industry experts debate the likely structure of Europe's market landscape.
Moderator:
David Bannister, Editor-in-chief, Banking Technology
Speakers:
Charlotte Crosswell, President, NASDAQ OMX Europe
Jerry Lees, Head of alternative execution, CAI Cheuvreux
Lee Hodgkinson, CEO, SmartPool
Richard Semark, managing Ddrector - European Equities, UBS

Sponsored access vs. Direct Market Access
The broadening range of Exchange execution options is altering the market perception of how firms access liquidity. This panel of industry experts will explore the implications of allowing direct access to European exchanges, including high-frequency trading, and what that means for the future.
Moderator:
Niki Beattie, President, The Market Structure Practice
Speakers:
Michael Krogmann, Executive Director - Head of sales, Deutsche Börse AG
Eli Lederman, Chief Executive Officer, Turquoise
Dave Mishoe, Assent Europe, SunGard
Hirander Misra, Chief Operating Officer, Chi-X Europe Limited
Paul O’Donnell, Chief Operating Officer, BATS Trading
Derek Penn, Managing Director, Pershing LLC

Front-office risk management
This session will consider to what extent risk can realistically be contained and managed where ideally it should be: before the trade is done. Where are the boundaries in terms of today’s processes and available technologies, and what special considerations apply to the management of clients’ risk in Direct Market Access contexts?
Moderator:
Bob McDowall, research director european, TowerGroup
Speakers:
Stéphane Leroy, Head of Global Sales & Marketing, QuantHouse  
Leslie Sutphen, global head of eSolutions, Newedge USA
Antonio Reyes Miras, managing director, JP Morgan

What Happens Next in Risk Management?

09:00-10:15

Lessons for risk management from “The Great Recession”
The severe economic cycle of 2008-09 has revealed a number of serious shortcomings in the practice of financial risk management. Often risk analysis has become too narrowly statistical and confined to broad summary measures. While such measures will continue to have their proper place they need to be supplemented by: much more flexible and detailed drill-down, iterative stress testing, assessment of the differing reliability of various risk measures and analysis of the implications of structural changes (so called “Dark Risks”) that often do not immediately affect visible daily volatility.
Nick Sawyer, editor, Risk Magazine
Riccardo Rebonato, global head of market risk and quantitative research, GBM, Royal Bank of Scotland
Colin Lawrence, director, Prudential Risk Division, FSA
David Rowe, exec. vp for risk management, SunGard

Latest advances in credit pricing
Credit Valuation Adjustment (CVA) brings risk measurement techniques into the front office to allow traders to price for credit risk. Join this session to find out the concepts behind CVA, how it can be applied to implement risk-sensitive pricing and what the implementation challenges can be.
Thomas Staunskaer, chief controller, Nordea Capital Markets Products
Dan Travers, Adaptiv Analytics, SunGard

Best practices in counterparty credit risk management
Counterparty risk has never been more important than it is now. Towards the end of 2008 the Adaptiv team completed an extensive global survey in partnership with the Professional Risk Managers International Association (PRMIA). Join this session for a presentation on the comments and thoughts of over 450 risk professionals on the issue of counterparty credit limits and exposure management.
Mat Newman, Adaptiv, SunGard

What Happens Next in Corporate Liquidity Management?

09:00-10:15

Centralisation of treasury - Gaining increased visibility to global cash & risk
Centralisation of treasury functions has been a trend among large North American and European multinational firms for years. Increasingly, the benefits of a centralised treasury are being recognized by companies of all sizes and all regions, from mid-market companies with relatively straightforward cash management, funding and foreign exchange requirements through to large firms with highly sophisticated treasury needs. In today’s environment, with rising costs, volatility of risk and increasingly expensive financing, treasury centralisation offers some important advantages. Attend this session to gain insight from a recent study looking at treasury benchmarking and trends with a focus on centralisation.
Andrew Woods, AvantGard, SunGard

Changing landscape of payments - How to reduce costs and improve visibility to cash out-flows
Corporations are under more pressure to devise ways to manage cash more effectively. Currently, many are managing their payments processing and bank accounts – regionally, at the business unit level or at the subsidiary level. While these methods may offer a certain degree of flexibility, at the same time they often result in poor visibility and high ownership costs. This session will explore how payment factories can support organizations in gaining control over cash management, as it helps to automate and centralise payments processing across regions. Utilizing a single channel for payments processing also improves visibility of cash flows for better liquidity management and significantly reduces operational and transaction costs.
Luc Belpaire, AvantGard payments, SunGard

Managing during the credit crunch - Best practices for improving cash flow and reducing credit risk
Companies all over the globe are seeking alternatives to borrowing while looking to improve their cash collection practices. While challenging, these goals can be met by leveraging best practices and automated order-to-cash solutions. Learn how best in class companies have unlocked hidden cash in their accounts receivables through strategic workflow combined with a risk based collections practice. Case study companies featured have lowered days sales outstanding (DSO), reduced bad debt expense and increased productivity.
Sara Peters, director shared services director, Northgate Information Solutions

What Happens Next in Asset Management?

09:00-10:15

The race to evolve: Delivering the new integrated long/short asset management platform
Market pressure and lack of investor trust mean that fund managers today increasingly operate at multi-strategy and multi-asset class level, whilst demanding highest operational efficiency at lowest possible cost. This has been accompanied by a new set of asset management platform requirements, opening up the question as to who in the market would be best placed to build and deliver such an integrated long/short asset management platform ahead of other players. What capabilities will this new platform need to meet in order to respond to today’s changing market demands? Who are the contenders? What are their models and do they make sense? Who will replace who and how will it all be financed? Join Global Custodian’s Executive Editor, Dominic Hobson as he addresses these questions, whilst drawing a picture of a potentially new market order in the asset management industry.
Dominic Hobson, Executive Editor, Global Custodian

Remaining agile through automation
Today’s companies must constantly and rapidly adapt to changing rules and regulations, requiring a higher degree of automation. How are companies keeping up with requirements while still conducting day-to-day business? Join us to find the answer to this question and learn how Asset Arena Investment Accounting can help automate your back-office, manage your day-to-day investment operations and ultimately help you experience operational alpha.
Tony Warren, Asset Arena, SunGard

The changing landscape of asset management and it’s implications for success seeking market players
Leading investment firms today face great challenges in increasing operational efficiency, coping with new compliance requirements, and managing growth opportunities. Join our panelists for a debate on industry trends and opportunities in a highly turbulent market.
Moderator:
Karen Doolan, Asset Arena, SunGard
Speakers:
Dominic Hobson, Executive Editor, Global Custodian
Simon Lumsdon, Head of IT, Blue Bay Asset Management
Derek Mander, Director – Head of Fund Operations, Bank of Ireland Securities Services
Tony Warren, Asset Arena, SunGard

What Happens Next in Wealth Management and Treasury Investments?

09:00-10:15

European fund industry update
This introduction to UCITS IV includes an overview of fund mergers, key investor information, notification, asset pooling, supervisory cooperation and management of company passports. The discussion will include the reasons for the changes, how these changes will be implemented and the long-term implications to the fund industry.
Tom Weiland, Director, Legal & Regulatory Analysis, RBC Dexia

Economic update and investment products for treasurers
Recent announcements and trends in the financial services industry and credit markets in general are changing how companies look at their investment strategies. Learn from industry experts about how the latest trends, regulatory initiatives and investment products can help treasurers better navigate in this current environment and better prepare for the future.
David Whelan, Managing Director, Sector Treasury Services

Recently, the volatility of the credit markets has presented challenges regarding the maintenance of a Constant Net Asset Value (CNAV) on traditional AAA/MR1+, or equivalent Money Market Funds. This has caused some concern for treasurers and other investors. However, the majority of Money Market Fund providers in the market believe that these challenges can be avoided by proper management of the Funds. Learn how these issues can be addressed.
Chris Oulton, CEO, Prime Rate Capital Management

What Happens Next in Securities Finance?

During the current financial crisis there has been renewed focus on securities financing, and the important liquidity that it brings to financial markets. The industry has responded quickly to many of the new challenges; however the focus on ongoing consolidation, greater transparency, risk mitigation and potential for new regulation has never been sharper.
Timothy Smith, Securities Finance Senior Vice President, SunGard
Jane Milner, Securities Finance Market Specialist, SunGard

12:00-15:00

The future's not what it used to be
Dr. Patrick Dixon has been ranked as one of the 20 most influential business thinkers alive. Futurist, author, consultant and entrepreneur, his works cover everything from risk management and digital society to biotechnology and business ethics.

What Happens Next in Trading? (cont'd)

New investment opportunities
In demanding post-credit crunch market conditions, which investment sectors are proving most resilient and profitable for the investment and brokerage communities? This session will look at the major considerations across asset classes and geographies (including emerging markets), the swing back towards listed markets and new methods of trading across borders.
Moderator:
Matthew Clay, Senior Research Analyst, IDC Financial Insights
Speakers:
João Lauro Amaral, International Business Development Officer,BM&FBOVESPA
Milan Prochazka, Head of Capital Markets
WOOD & Company Financial Services, Prague

Fixed income trading
As investors reduce their appetite for risk, resulting in decreased equity trading volumes and a rebalancing of portfolios in favour of safer havens, the fixed income sector has received increased attention from market participants, both institutional and private. What are the dynamics and outlook for this traditionally more conservative sector? What are the new trends, challenges and opportunities for brokers entering the market for the first time?
Moderator:
Gerald Belpaire, Fixed Income Trading Solutions, SunGard
Speakers:
Guy Whittle, Head of Sales MTS, London Stock Exchange
Stéphane Malrait, managing director and global head of E-Commerce, Societe Generale
BGC Partners (speaker to be confirmed)

Do you have comprehensive control of all of your trading positions and exposures?
Within this session we will explore how the new climate has strengthened the emphasis on Position Control from electronic market making, through OTC trading and desk level risk onto enterprise trading control. How is the landscape changing for trading organizations and what can you do about it?
John O'Neill, Manager, Fixed Income and Credit, NYSE Liffe
Tim Dodd, Front Arena, SunGard

16:30-17:45

ETD credit control and risk evaluation
With the recent market volatility and increased growth in global futures and options trading, it’s never been more challenging to analyze and control credit, manage counterparty exposure, and handle collateral management. Come and hear how a credit management solution is helping firms to generate accurate information for any holding – equities, fixed income or listed derivatives.
Tony Scianna, Brokerage & Clearance, SunGard

Cross-Border securities processing
MiFID, how to turn the post-trade challenge into an opportunity? MiFID has allowed a wide array of choice in EU trading, clearing and settlement venues. In this interactive panel discussion, participants will discuss how the back office can enable the front office to diversifying into new markets.
Moderator:
Bob Currie, Editorial Director, Financial Services Research
Speakers:
Laurens Vis, Managing Director, Kas Bank
Gareth Bevan, PTS-S LNE, SunGard
Philippe Ruault, UK Head of Financial Intermediary Solutions, BPSS
Trevor Gatfield, Head of Securities Operations, Investec
Trevor Spanner, Chief Operating Officer, EuroCCP 

16:30-17:45

Liquidity risk compliance
The management of Liquidity Risk poses ever more testing challenges. Companies, more than ever, need to ensure that their management have a clear understanding and also a direct involvement with their Liquidity Risk management. This places increasing importance on tools that facilitate effective management of Liquidity Risk. This session will discuss the Operational, Tactical and Strategic issues posed by these new requirements and how SunGard can assist with the management of your company’s liquidity.
Wayne Riches, Senior Consultant, SunGard

Strengthening liquidity standards
The FSA is nearing the release of its formal directive on strengthening liquidity risk standards throughout BIPru firms. This directive has far reaching impacts, from the policy setting and risk governance, to identifying potential weaknesses in the firms liquidity risk strategy through KRIs and models employed and most obviously the impact to the firm's management of data. During this session we will outline through our experience the key success factors, whilst addressing some of the highest priority challenges facing firms today.
Marc Furrer, Senior Liquidity Risk Consultant, SunGard

16:30-17:45

Celent CIO survey - trends in European insurance
Insurance companies and CIOs are no strangers to pressure, whether provided by competitors, regulators, shareholders, or CEOs and boards. The extraordinary pressures of the global financial crisis that spread into the insurance industry have made the last year a roller coaster for insurers. Many business priorities and agendas were set a year ago when the crisis was kicking off. Celent has researched the strategic and tactical responses over two quarters to better understand what insurers have done in response to this new pressure. Join Catherine, senior analyst at Celent's insurance practice, as she shares her views on the insurance industry challenges and technology considerations for the coming year.
Catherine Stagg-Macey, Senior Analyst, Celent

Evolutionary changes happening in the U.K corporate pensions and personal wealth market
Mr. Steve Rumbles, Head of UK Defined Contribution Pensions and CEO of BlackRock Pensions Limited, will speak to the evolutionary changes happening in the U.K corporate pensions and personal wealth market, and the opportunities and resulting challenges in providing customers innovative and tailored products to address their changing lifestyle needs. Mr. Rumbles will further address the role technology plays in supporting this market need and the broader problem and potential future of globally portable pension products.
Steve Rumbles, CEO, BlackRock Pensions Limited

De-risking the insurance enterprise: Enterprise risk management and Solvency II
ERM and Solvency II are top Insurance Industry Challenges. This presentation will focus on need for Enterprise Risk Management to support better capital management and an in-depth discussion on the forthcoming SII directive and what it means for insurers. David King, Director from Ernst and Young will define SII, ERM and provide guidance on what the directive means for insurers and the path forward.
David King, Director Ernst and Young

Inside the insurance enterprise: Challenges and technology solutions
This presentation by a U.K insurer will discuss their key challenges and opportunities and discuss in-depth how they are implementing an Enterprise Risk Management framework and preparing for SII. Tim Thornham, Head of Systems and Development from Legal and General PLC will give an insurer's perspective on key industry challenges, opportunities and successes relating specifically to implementing an ERM framework and preparing for SII.
Tim Thornham, Head of Systems and Development, Legal and General Group PLC

Technology, supporting the path to enterprise risk management
Microsoft will discuss how technology is responding to Insurance Industry Challenges, discussing such technologies such as High Performance Computing and the need for business intelligence across the global insurance enterprise to support ERM and SII initiatives.
Gordon Ejsmond-Frey, Financial Services Industry Manager EMEA, Microsoft

16:30-17:45

16:30-17:45

The Changing Landscape of Financial MessagingTrends, challenges and opportunities in the Messaging arena. Learn how to enhance the productivity and flexibility of your messaging hub and how to offer new services to corporations and other financial institutions while reducing the costs and risks
Blaise Mayor, Regional Sales Manager, Global Messaging Solutions, SunGard

16:30-17:45

General Session
- Till Guldimann, vice chairman, SunGard: 'The new dawn?'