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Agenda Overview

Conference Day: Wednesday, June 21, 2017

8:10AM Registration & Coffee
8:50AM Opening remarks
9:00AM Opening keynote address
9:15AM New initiatives for meaningfully improving the quality of credits markets
  • Roots and goals: understanding why and how the current market quality should be improved
  • In what ways are the new initiatives more likely to succeed than previous ones?
  • Who has the power to push for substantial changes in the US bond market?
Alex Sedgwick, Head of Fixed Income Market Structure & Electronic Trading, T Rowe Price Group
Greg Nassour, Principal, Co-Head of Investment Grade Credit, Vanguard Group
Iseult Conlin, VP, Trading and Liquidity Strategies, BlackRock
Chris Bruner, Head of US Credit Product, Tradeweb
10:00AM Innovation Spotlight I: Credit ETFs

The role and use of ETFs in fixed income markets

Kicking off the session, a leading ETF investment manager will introduce their thoughts and views on the market and the asset class. Discussing their investment and trading experiences, delegates will gain practical insight into credit ETFs.

Ask the Experts: how will credit ETFs impact bond markets?

  • Are ETFs the next phase of liquidity? Evaluating their impact on overall market quality
  • Will this new asset class fail in periods of extreme stress or are these fears overstated?
  • The challenges in preparing FI desks to work with a credit product traded like an equity
  • What will be the impact of the finalised SEC rule 22e-4 on ETF trading?
10:40AM Morning refreshments and networking break

Workshop A

11:10AM Workshop
Pinning down the ideal market structure

During this session sellside and buyside delegates will anonymously submit their ‘market structure wishlist’ – features and functions that they wish the market had for maximum efficiency and profitability.  The points from buyside and sellside will be then compared and commented on by a panel of market structure experts and a vision for the ideal market structure will be formulated together with the audience.

Moderator: Chris White, CEO, ViableMkts
Zack Ellison, Director, US Public Fixed Income, Sun Life Investment Management

Workshop B

11:10AM Workshop
Practical guide to becoming a price-maker

In this session, delegates will brainstorm how firms can take on the role of price-maker in increasingly electronic markets. Led by senior industry figures, the key ingredients for successful price-making will be established and an action plan will be formulated for how non-banks can remodel their participation in bond trading.

Alvin Burgos, Head of US Fixed Income Trading, Deutsche Asset Management
Michael O’Brien, Vice President, Director of Global Trading, Eaton Vance
Eric Charron, Co-Head of Global Public Markets Trading, Liberty Mutual Investments
12:00PM Pitch vs Reality: The Problems of FinTech Disruption in Bond Markets
  • Exploring why FinTech companies have failed to transform the fixed income market
  • What does it mean to be disruptive in fixed income? Is the industry immune to disruption?
  • Beyond trading platforms:  meaningful improvements FinTech can bring to bond trading
Edward Boyle, Global Macro Portfolio Manager, American Century Investments
Stu Taylor, Chief Executive Officer, Algomi
12:45PM Lunch
2:00PM Target Tables: Interactive Discussions

The conference now breaks out into focused roundtable discussions. Led by an expert moderator, the roundtables will create an informal environment to examine and debate the below topics.
Attendees will be able to move around the tables, maximising networking and learning opportunities.

  • TRADE and Pre-Trade Transparency
    • ​Michael Fleming, Vice President, Federal Reserve Bank of New York
  • MiFID II and the US
    • ​Christine Kenny, MD, Fixed Income Market Strategist and Compliance Officer, Loomis, Sayles & Company
  • Buyside Trading Protocols
    • ​Russell Budnick, US Head of Credit Trading, Taxable Fixed Income, J.P. Morgan Global Wealth Management
  • Transaction Cost Analysis and Fixed Income
    • James Wallin, Senior Vice President, Fixed Income, AllianceBernstein
  • + 4 more target tables to be confirmed
3:00PM The Hurdles of All-to-All Platforms: Why has the Speed of Adoption Lagged Behind Expectations?
  • Reaching critical mass: what’s holding back widespread usage of electronic platforms?
  • Identifying the commercial incentives for increasing electronically traded volumes
  • With IDB and C2D platforms merged into All2All, how is the role of broker-dealers evolving?
Vikram Rao, Global Head of Fixed Income Trading, Capital Group
Robbie Boukhoufane, Global Head of Fixed Income & FX Trading, Schroders Investment Management
3:45PM Afternoon Refreshments and Networking Break
4:15PM Audience Response
The bond traders of the future

During this session, delegates will have the chance to vote on a series of questions concerning what bond traders will look like in 5 or 10 years’ time. A panel of industry leaders will then comment on the results and reflect on the direction of the industry.
Points to consider will involve:

  • What will be the level of automation in credits, rates, and swaps trading by 2027?
  • How will the role of traders change under increasing automation of execution tasks?
  • What will drive adoption of algorithmic trading in different fixed income markets?
  • Aligning short-term goals with long-term strategy: what skills should be cultivated in the future generation of traders?
David LaRusso, Vice President and Senior Trader, Dimensional Funds
5:00PM Close of Conference