THETRADETECHFX DAILY
Times may not be 100 % accurate – please check the event app for the most accurate schedule.
Day One- Main Conference: Wednesday 16th of September
07.45 Registration & Breakfast 08.20 Welcome Address 08.25 Chair’ s Opening Remarks: Geopolitics Shaping the New FX Order
08.30 Geopolitics Keynote: Washington, war and the world: How US politics, conflict and trade tensions are reshaping global capital markets US policy volatility is once again a central market driver. From renewed tariff escalation and trade disruption, to tensions in the Middle East and debates around US fiscal credibility, decisions made in Washington are reverberating across global capital markets. In this keynote conversation, Charles Myers will unpack how US political dynamics are influencing market stability, cross-border capital flows and confidence in the US dollar. What do tariffs and trade fragmentation mean for inflation expectations and Treasury market resilience? How could geopolitical flashpoints alter risk sentiment and global investment flows? A forward-looking assessment of the US political agenda- and the market regimes it may define in 2027.
Charles Myers, Chairman & Founder, Signum Global Advisors With over 26 years advising US presidential, Senate and House campaigns- including Hillary Clinton and Joe Biden- Charles brings direct insight into the mechanics of US policymaking and electoral strategy. Combined with three decades of experience in global financial markets, he offers a rare bridge between Washington decision-making and capital markets impact.
The Pursuit of Differentiated Liquidity
08.50 Execution Dynamics Panel: Examining market behaviour: What defines high-quality FX liquidity today, and how can you adapt your execution approach to access more differentiated flow? As FX trading becomes increasingly automated, both buy-side desks and liquidity providers are looking more closely at the factors that shape liquidity quality and execution outcomes. Differences in quote timing, last-look practice, consistency of pricing, and routing choices( including skew safety) can all influence fill rates and access to genuinely differentiated liquidity across venues. This session will examine how traders assess liquidity using practical data points- such as markouts, fill behaviour and rejection pattern- and how LPs manage their pricing and quoting processes to support stable and predictable execution. Speakers will explore how execution tools and workflows are evolving on both sides, how firms balance speed and certainty, and where sensible improvements in transparency and pricing practices could strengthen access to high-quality liquidity.
Jeremy Smart, Global Head of Distribution, XTX Markets Jonas Virtanen, Head of FX Spot Trading, SEB Steve Totten, Managing Director- Institutional and Quantitative Product Manager, oneZero Oleg Shevelenko, Head of Pricing and Execution Product, FXGO Senior representative, LSEG Moderator: Alan Martin Lucero, Lead FX Trader, Norges Bank Investment Management
09.30 Digital Assets Fire- Side Chat: Robert Crossley, Global Head of Industry Advisory Services, Franklin Templeton Jenna Wright, Managing Director, Digital Assets, LMAX Group agenda
Designing Tomorrow’ s FX Structure
09.50 Swaps Market Structure Panel: Next-gen FX swaps: What structural changes are required to move from manual bilateral workflows to a more automated, credit-efficient model? As electronification has reshaped the spot FX market, FX swaps have remained largely bilateral and credit-intensive. Structural differences in liquidity formation, balance-sheet usage and credit intermediation continue to limit automation, workflow efficiency and price transparency-particularly during periods of market stress, when access and execution outcomes can diverge sharply from spot. This panel will examine what structural changes are required to support the next phase of FX swaps evolution. From more flexible credit and connectivity frameworks to the emergence of streaming, improved intermediation models and the potential longer-term role of clearing, buy-side, sell-side and platform practitioners will explore how far automation can realistically go, and which practical steps traders can take today while the market structure continues to evolve.
Nick Van Nifterick, Senior Portfolio Manager, PGB pensioendiensten Ben Pearson, Co-Head Global G10 & PM STIR Trading, UBS Senior representative, LSEG Senior representative, J. P. Morgan Senior representative, 360T Moderator: Jasper Livingsmith, Former Director, Head of G7PM, EBRD
10.30 Credit & Capital Panel: Navigating today’ s market-plumbing realities: How can you navigate balance-sheet and credit limits to improve liquidity access and increase fill rates for larger trades? Credit availability and dealer balance-sheet constraints now shape where the buy side can trade, how spreads are set, and which venues and LPs can support meaningful size. As SA-CCR pressures deepen and capital costs rise, credit considerations increasingly influence internalisation practices, liquidity depth and trading consistency across counterparties. This panel examines how credit limits, onboarding friction and emerging intermediation models affect execution quality- and how banks, platforms and solution providers are responding. Speakers will assess where credit is the binding constraint in FX today, which innovations may ease the bottlenecks, and what the buy side can realistically expect as credit and capital frameworks continue to evolve.
X2 sponsors Paul Houston, Global Head of FX, CME Group Hui Zhu, Head of Legal and Compliance, ATFX Connect Moderator: Toby Baker, Former Head of FX Trading, T. Rowe Price
11.10 Morning Refreshment Break Reflect on this morning’ s content with your peers, as you enjoy a range of French inspired small plates. |
Morning Workshop: Senior representative, J. P. Morgan |
Morning Corporate Workshop: Senior representative, 360T |
Morning Workshop: Optimising FX Trading for Buyside: Harnessing Liquidity, Bridging OTC and Futures, and Accessing Central Clearing Phil Hermon, Executive Director of FX Products, CME Group Chris Povey, Head of FX Options, NDFs and EMFX, CME Group |
11.30 Keynote Speech with De Nederlandsche Bank: Keynote address: The future of money: What do stablecoins and digital currencies mean for FX markets, liquidity and financial stability? As digital forms of money move into the mainstream, this keynote will explore how stablecoins and emerging models of digital currency are beginning to influence FX markets, liquidity and cross-border flows. Taking a financial stability and supervisory perspective, it will outline where risks may emerge as these models scale, how central bank and regulatory thinking is evolving, and what this means in practice for institutional market participants over the next 3 – 5 years.
Bas ter Weel, Director of Monetary Affairs, De Nederlandsche Bank A senior economist and policy leader, combining central bank experience with academic authority as Professor of Economics at the University of Amsterdam. His expertise spans monetary policy, macroeconomics, technological change and labour markets, with a sharp perspective on Europe’ s economic outlook.
11.50 AcademiaTalk: Beyond the headlines: What can market practitioners learn from academic research? As generative AI, agentic systems and automation dominate the market conversation, how can financial market practitioners separate genuine disruption from noise? In this AcademiaTalk, Professor Dave Cliff draws on decades of AI and automated trading research- from early agent-based systems to today’ s LLM boom- to challenge current assumptions. The session will explore how academic thinking can help trading desks assess technology readiness and consider where AI, automation and financial market innovation may be heading next. Dave Cliff, Professor of Computer Science, University of Bristol
26 THETRADETECHFX DAILY