THETRADETECHFX DAILY agenda
Day 2: Wednesday 12th September 2018
08:30 Registration and Breakfast 08:55 Chairperson’ s Opening Remarks: Michael Melvin, Executive Director, Rady School of Management, UCSD, Former Managing Director, BlackRock
Adjusting To A New FX Landscape
09:00 CIO Keynote Interview: Assessing the top currency trends in 2018 / 19 – How can you best respond and adapt your portfolio in a volatile geo-political environment? Geoffrey Yu, CIO and Head of UK Investment Office, UBS Wealth Management Geoffrey manages a London-based team which specialises in UK-themed research content and asset allocation recommendations to the UBS Wealth Management Global Chief Investment Office. In addition, he serves as an investment strategist for European UHNW clients, providing cross-asset UHNW investment and trading ideas, incorporating the House View and UHNW TAA. Before joining UBS Wealth Management in January 2016, Geoffrey served as the senior G10 FX Strategist for UBS Investment Bank for a decade in London, Zurich and Singapore. Diversification, hedging and risk reduction – what are the drivers of a successful portfolio over the next 12 months and how can you position your portfolio? Risk vs. reward – where are the opportunities for FX investing in 2018 and what are the factors that drive these? How can you apply‘ out of the box’ thinking to drive your fund business and generate returns for your investors in an increasingly complex environment?
09:20 Panel Discussion: With recent underperformance by alpha strategies, is now the time to move to smart beta for better returns in FX? Robert Savage, CEO, CC Track Solutions Brigitte Le Bris, Managing Director, Head of FX and Global EM, Natixis Asset Management Achim Walde, Senior Currency Overlay Manager, B. Metzler Carry, value and momentum- Reassessing the signals that are driving currency alpha in 2018 and 2019 Are the current features of the FX market more favorable to smart beta strategies, with traditional alpha strategies struggling due to market crowding and lack of proper risk controls? With smart beta portfolios paying out in other asset classes, what are the indications that they could now generate more returns in FX? Maximizing returns for your investors in 2018 and beyond- What trades should you focus on and what should you avoid?
09:50 All Star Panel: The evolving FX market structure – What are the major developments transforming European FX markets and how will this change the way you interact with your sell side, platform and technology counterparts? Gordon Noonan, Head of FX Trading, Schroder Investment Management Darren Jer, CEO, MarketFactory Dave Reid, Global Head FX Prime Brokerage, Deutsche Bank Tod Van Name, Global Head of Foreign Exchange Electronic Trading, Bloomberg BAML, Speaker TBC Giuseppe Nuti, Managing Director, Head US Rates, UBS Evolving product offerings, new technologies and regulatory pressures are all shaping FX trades – how is the role of the buy side FX desk changing in response? As the market structure evolves away from traditional Tier 1 bank dominance of liquidity provision, are we seeing a more level playing field between liquidity providers and liquidity takers? How far are electronic trading venues going beyond spot FX, with the e-trading of FX forwards, FX swaps and NDFs, and even OTC FX options? Is the market benefiting from a reduction of risk while promoting transparency? Are the more progressive buy side clients becoming FX market makers, due to credit intermediation by FXPB and brokerage firms?
10:30 Sell Side Keynote: Expect the unexpected- Establishing the macro opportunities in FX in 2018 / 2019 and how you can capitalise on them
George Saravelos, Global Co-Head of FX Research, Deutsche Bank Central banks, politics, inflation and growth- What will be the year’ s biggest surprise? Which is the world’ s cheapest currency and what is the outlook for this in 2018 / 2019? Analyzing the best FX trade for 2018- How can you build this into your portfolio and take advantage of this trade?
10:50 Morning Coffee Break
Cryptocurrencies And Fintech Focus
11:20 Keynote Panel: Disrupt or be disrupted? Evaluating the emergence of cryptocurrencies and their potential place in your future FX portfolio David Woolcock, Chair of the Committee for Professionalism, ACI Justin Schmidt, Head of Digital Asset Markets, VP, Goldman Sachs Dan Viola, Head of Regulatory and Compliance Group, Sadis and Goldberg Who are the main players in the cryptocurrencies market you need to be aware of? How are existing FX market players developing trading innovations and product offerings in this space? What are the opportunities when trading cryptocurrencies and what is the potential for growth? What are the technological developments being made to facilitate the trading of cryptocurrencies? FAD or opportunity- Is there a viable place for cryptocurrencies in the FX desk of the future, and what place could they have as part of an investment portfolio? True or false – cryptocurrencies are a speculative fad, but the blockchain / distributed ledger technology behind them is the true market disruptor which will fundamentally alter the financial market
11:50 Fintech Keynote: Staying ahead of the curve- What new FX products and services are tech firms launching and investing in to lead the innovation race? Technology as a disruptor- How are FinTech firms dragging FX markets into the digital age? What is driving innovation within FX and what challenges and opportunities does this present when providing a new service to the buy side? Technology for the future- How will electronic trading continue to evolve across FX and what will be the factors for success? Moving on from legacy technology- How are the buy side adopting new systems to become more adaptable to modern markets? What is the future of FX innovation and what impact will this have on a traders’ daily routine?
32 THETRADETECHFX DAILY Issue 1