Day 3 - FX Week Europe

8:00	Registration and breakfast
8:50	Welcome address: Joel Clark, Editor, FX WEEK
9:00	Keynote speech: Algo trading from the buy-side perspective - How is technology transforming the FX industry Best execution and methods to cut execution costs What does the buy-side want, lessons learnt and tips for the future: Requirements from a platform provider Where do we see the growth and already visible results What differentiates one algo provider from another for the buy side How widespread is the use of algos among corporates Where do I see the FX industry heading Paul Downie, Head of Liquidity and Foreign Exchange, SHELL TREASURY
9:30	Panel discussion: Understanding the current structure of the FX market What is ‘new' in how we trade FX? Recent market developments and the challenges and opportunities they bring Will the new trading environment require you to invest in new technology? New technology providing connectivity, reporting and compliance: Dealing with extra costs Current technology spend in FX and its forecast for the next two years Moderator: Joel Clark, Editor, FX WEEK David Faulkner, Global Prime Manager, ICAP Electronic Broking Yaacov Heidingsfeld, Chief Executive Officer, TRADERTOOLS Romael Karam, Partner, Head of Dealing, HARMONIC CAPITAL Katie Martin, News Editor Europe, Middle East and Africa, Foreign Exchange, DOW JONES NEWSWIRES Roger Rutherford, Managing Director, Global Head of FX Products, CME GROUP *Panel sponsor TRADERTOOLS*
10:20	Morning break and opportunity to network
	STREAM ONE - The electronic trading stream	STREAM TWO - The strategist stream
10:50	Chairperson's opening remarks David Poole, Principal and Chief Operating Officer, CLIENTKNOWLEDGE	Chairperson's opening remarks Jonathan Webb, Head of FX Strategy, JEFFERIES BACHE
11:00	Presentation: FX Trading 2.0 - the next phase for the FX market FX and the USD reserve currency Where is the growth? Who wins and who loses in FX next? What's in store for the FX markets in the next 5 years? Robert Savage, Chief Executive Officer, TRACK.COM and Board Director, IKOS	Presentation: Macro investing in currencies Dale Thomas, Head of Currency Management, INSIGHT INVESTMENTS
11:30	Panel discussion: How will the FX market respond to the increase in electronic trading Decimalisation - is it now an industry standard? Is it reliable and does it help improve liquidity? How to choose your e-FX provider Keeping up with market data - what tools are necessary to maintain profitability? Buy - Implementing e-commerce trading systems you can control Build - upgrading from older system ensuring rapid deployment and flexibility but on the other hand very limited to ECN and API connectivity Moderator: David Poole, Principal and Chief Operating Officer, CLIENTKNOWLEDGE Peter Atkinson, Head of FX Product Management, SMARTTRADE Alastair Crane, Head of FX Liquidity Sales, SEB Robert Savage, Chief Executive Officer, TRACK.COM and Board Director, IKOS Larry De Souza, Head of Sales UK and The Americas, ADS SECURITIES	Panel discussion: Extracting and retaining alpha in the new global environment What strategies do currency managers follow to create alpha? How significant has an active management approach versus a passive one become? Is it beneficial to follow a single strategy, like carry, or is being nimble and flexible more valuable? How important is technical analysis in your portfolio management approach and do you focus on real money flow indicators? Which pairs of currencies are the ones to watch for the carry trade? How to combine carry, trend and value investment strategies most effectively Moderator: Richard Moorish, Partner & Fund Manager, PEAK PARTNERS Derek Doupe, Director, THE CAMBRIDGE STRATEGY Lawrence Dryden, Head of Currency - Europe, STATE STREET GLOBAL ADVISORS James Kwok, Head of Currency Management, AMUNDI ASSET MANAGEMENT Xavier Porterfield, former Head of Business Development, BBSP Daniel Szor, Managing Director, FX CONCEPTS
12:20	Presentation: Global FX themes for 2012 Colin Harte, Director, Fixed Income and Currency Team, BARING ASSET MANAGEMENT	Presentation: Commodities: their impact on FX and policy responses Energy and NOK Base Metals and AUD Agriculture and INR Precious Metals and CHF Jonathan Webb, Head of FX Strategy, JEFFERIES BACHE
12:50	Lunch and opportunity to network
13:50	Panel discussion: Factors influencing the use of FX algorithms Are regulations holding back the technological developments in FX and the sourcing of better pricing, liquidity and transparency? Will proposed changes to the way the FX market operates create new value added opportunities for FX algorithms? What impact will the growing need for market surveillance and real-time trade analysis have on the future development of FX algorithms? Can the algo growth spread to the options market? Do we anticipate a shift from single to third party and multi-dealer platforms? Minimising costs and market impact with a new breed of FX algorithms Moderator: Joel Clark, Editor, FX WEEK James Dalton, Director FX Algorithmic Execution, CITI Roy Saadon, Co-Founder and General Manager EMEA, TRAIANA Mark Sykes, Managing Director, BANK OF AMERICA MERRILL LYNCH Jonathan Wykes, Global Head of AES FX Sales, CREDIT SUISSE
14:40	Panel discussion: Play by the rules - new regulations and their impact on clearing and settlement What changes are currently taking place Need for greater connectivity to CCPs, SEFs and trade reporting repositories Re-engineering OTC FX derivative workflows to meet new regulatory reporting obligations Impact of regulation on price discovery and the business overall - how much is this going to cost and who will pay for it Prediction on which business models will succeed and debating the blueprint for the year ahead Moderator: Nick Sawyer, Editorial Director, RISK Felix L. Adam, Chief Executive Officer, ACT CURRENCY PARTNERS Claes-Henrik Claesson, Managing Director, CLAESSON CAPITAL INTRODUCTION Mark Croxon, Global Clearing Product Manager, NOMURA Peter Klein, Global Head of FX Prime Brokerage, BANK OF AMERICA MERRILL LYNCH
15:30	Afternoon break and opportunity to network
15:50	Afternoon keynote: Fiscal policy and the future of the Euro area Ray Barrell, Professor of Economics, BRUNEL UNIVERSITY
16:20	Panel discussion: Evaluating the current landscape for trading emerging markets currencies Evaluating the growth in FX industry especially in relation to the BRIC currencies Carry trades in emerging markets currency pairs: How have they performed? Managing the implied downside effect of this on 'risk' currencies, overvalued by inflated commodity prices Internalisation of Renminbi? What does this mean for the ‘risk' currencies Looking at the stealth appreciation of LatAm currencies and associated positive developments in Brazil, Chile, Peru and so on The potential for new trading blocs, for example between commonwealth countries Opportunities in a new frontier - "pre-emerging" markets high potential and low correlations Moderator: Arnab Das, Managing Director, Market Research and Strategy, ROUBINI GLOBAL ECONOMICS Anthony Chung, Director of Research, Currency Strategies, ALLIANCEBERNSTEIN Laurent Develay, Portfolio Manager Emerging Markets, FISCHER FRANCIS TREES & WATTS Angus Downie, Macroeconomic Strategist, ECOBANK Bob Noyen, Chief Investment Officer, RECORD CURRENCY MANAGEMENT
17:10	Closing remarks
17:20	Cocktail reception
19:00	Best Banks Awards