FOW Trading Amsterdam


Hotel Okura Amsterdam, Netherlands

07 Mar 2018

Now in its 8th year, FOW Trading Amsterdam is the leading event for the Dutch algorithmic and proprietary trading community.

If you have any questions about the event please contact Valerija Slavina valerija.slavina@globalinvestorgroup.com.
To discuss sponsorship options email Hanna DeBank hanna.debank@globalinvestorgroup.com .

 

 

Agenda

 


 

08:00 Registration, networking and breakfast


08:50 Welcome remarks
William Mitting,
Managing Director, Global Investor Group


09:00 Keynote address:  A new and appropriate prudential regime for investment firms: finally moving away from CRR
Laura van de Werfhorst,
Policy advisor, Supervision Policy Division, Netherlands Bank
Paul van den Berg,
Supervision Policy Division, European Affairs Banks, De Nederlandsche Bank


09:20 Crunch time: the future of the trading business in Europe
Is the long-predicted age of consolidation upon us? Capital charges, rising costs of participation, increased compliance requirements and unfavourable market conditions is forcing a fundamental shift in the economics of being in the business today. Scale and efficiencies are paramount but so too is innovation and developing new revenue streams.


- What will the CRR capital charges add up to for each firm?
- What remuneration models can meet the bonus cap while still being economical?
- What are the emerging partnership models between firms?
- What does the future business model for trading firms look like?

Moderator
Daniel Neeteson, Principal Strategy, Optiver

Speakers
Mark Spanbroek,
Vice Chairman, FIA EPTA 
James Egan, Chief Commercial Europe, ABN AMRO Clearing
Henk Rozendaal,
Global Head of Fixed Income Trading, Rabobank
Jasper Jorritsma,
Senior Policy Advisor, Capital Markets , AFM



10:10 Ted Talk: ETFs coming of age
Kirst Kuipers
, Managing Director, Head of iShares Netherlands, Blackrock

10:25 Coffee break


10:50 Systematic Internalisers - Friend or foe?
Has Mifid II created a monster or increased sources of liquidity with the Systematic Internaliser regime? Detractors argue they are moving liquidity away from lit venues into potentially predatory and market distorting pools, proponents say they democratise liquidity and allow new, more efficient participants into the market.


- What are the pros and cons of the SI regime?
- What will define success among Sis?
- What asset classes and instruments are trading/will trade on Sis?
- What does the SI regime mean for ETFs and derivatives?

Moderator
Louisa Chender, Senior Reporter, Global Investor Group

Speakers
Sander van Leijenhorst, Senior Project lead Mifid II,  AFM
Diederik Dorst, Global Head of Regulatory Compliance, Market Structure and Advocacy, Flow Traders
Halima Butt,
Co-Head Financial Derivatives & Head of Business Development Netherlands, Euronext


11:30 Ted Talk: Divide et impera. Time & speed in 2018
Alexandre Laumonier,
Blogger and Independent Researcher, Brussels 


11:45 Shifting sands: buyside execution strategies and the opportunities for trading firms
The buyside is increasingly shifting to electronic execution for a wider range of asset classes. As Mifid II brings in greater transparency over execution and prohibits the bundling of research with execution, this trend is set to grow.


- Why and in what instruments are the buyside shifting to more electronic execution?
- Where will buyside flow go over the next three to five years? 
- How are trading firms offering more execution services to the buyside?
- What are the implications for banks of the trend towards buyside electronic execution?

Moderator :
William Mitting,
Managing Director, Global Investor Group

Speakers
Albert J. Menkveld, Professor of Finance, Vrije Universiteit Amsterdam  
Patrick Mattar, Managing Director, Blackrock  
Rick van Leeuwen, Head of Institutional Trading, IMC Financial Markets 
Sergio Gullo,
Chief Representative EMEA & APAC. B3


12:30 Lunch


13:30 Mifid II review: What’s changed, what needs to change, what’s still to be done?
Just two months in to the Mifid II regime, what has the experience been like for firms and what is still to be done. As regulators begin to review the market reforms, there will inevitably be tweaks or broader changes required.


- How has the introduction of Mifid II gone?
- When will regulators begin to get tough on Mifid II compliance?
- Where are the unintended consequences and what do regulators need to change?
- What should be changed about Mifid II?

Moderator
Piebe Teeboom, Secretary General, FIA EPTA

Speakers
Roger Coenen, Financial Regulation & Risk Management, RC Consultancy Advisory & Training
Fridjof Bron, Mifid/Mifir Advisory, Independent Advisor
Matthew McLoughlin, Head of Trading, Liontrust
Matthijs Geneste,
Global Coordinator Regulatory Affairs , ABN AMRO
Carolyn Jackson, Partner,
Katten Muchin Rosenman UK LLP


14:10 Ted Talk: Harvesting and diversifying alpha in Europe: opportunities on Borsa Italiana markets
Massimo Giorgini,
Head of Equity and Derivatives Markets Business Development, Borsa Italiana


14:25 Cryptocurrencies: where is the market going? 
The launch of bitcoin futures has been the most widely covered futures launch for decades. While there is no doubt huge opportunity in the volatility there are also risks of trading an asset class with little history or fundamentals. This panel will look at the development of cryptocurrencies as an asset class and ask where the market is going. 

- Where and how to trade cryptocurrency derivatives? 
- Beyond Bitcoin: what’s next in the development of crypto derivatives? 
- How to effectively risk manage trading in cryptocurrencies? 
- What is the future of cryptocurrencies?

Moderator
Don Ginsel,
Founder, Holland Fintech

Speakers
Michael Kovacocy, Capital Markets Specialist, Independent Advisor 
Peter Moricz, CEO, Moricz.io 
Marleen Evertsz, CEO, Nxchange
Jan Robert Schutte,
CEO, Crypto Academy

15:10 Coffee break


15:40 Machine learning and the future of trading
Machine learning is now being employed by all the leading trading businesses. As the technology gathers pace and become more commoditised it is likely to become a central part of the markets in the next decade. But what does this mean for market efficiency and the ability to profit?


- Where are leading firms in terms of their application of machine learning?
- How can firms get in to using machine learning to enhance efficiency?
- What are the costs of utilising machine learning?
- Will machine learning lead to a more efficient market?

Moderator TBA

Speakers
Randolf Roth, Member of the Executive Boards, Eurex Frankfurt AG and Eurex Zürich AG  
Sander Bohte, ML Researcher, CWI 
Jonty Field, Global Head of Product & Head of EMEA , Quantative Brokers
Stewart Jardine,
Director, Market Tech Sales, CME Group


16:20 Brexit: the implications for the European market
By March 2018, the UK will be just 12 months from leaving the European Union. While no real clarity is expected on the make-up of the final deal by then, the impact of a disorderly or protracted exit will be felt across Europe.


- What is the latest on the Brexit talks?
- What will Brexit mean for access to the City of London?
- Will Brexit lead to a Brexodus from London or will EU firms have to set up in the UK?
- Has Amsterdam blown the Brexit dividend with the bonus cap?

Moderator: TBA

Speakers
Philip Simons, Head of Fixed Income Derivatives Sales & Business Development, Eurex 
Paul Meerts,
Senior Associate, The Clingendael Institute
Peter van Kleef,
CEO, Lakeview Capital
Bert Burger,
Senior Economist, Atradius
Maurice van Tilburg,
CEO Euronext Amsterdam & Head of Market Operations, Euronext


17:00 Drinks and networking

 

 

 

 

 

 

 

 Speakers


 

Sander Bohte, ML Researcher, CWI
Fridjof Bron, Mifid/Mifir specialist, Independent Advisory  
Bert Burger,
Senior Economist, Atradius
Halima Butt,
Co-Head Financial Derivatives & Head of Business Development Netherlands, Euronext
Louisa Chender, Senior Reporter, Global Investor Group
Roger  Coenen, Business Analyst, RC Consultancy Advisory & Training
Diederik Dorst, Global Head of Regulatory Compliance, Market Structure and Advocacy, Flow Traders

James Egan, Chief Commercial Europe, ABN AMRO Clearing
Marleen Evertsz, CEO, Nxchange
Jonty Field, Global Head of Product & Head of EMEA , Quantative Brokers
Matthijs Geneste,
Global Coordinator Regulatory Affairs , ABN AMRO Clearing
Don Ginsel,
Founder, Holland Fintech
Massimo Giorgini, Head of Equity & Derivatives Markets Business Development, Borsa Italiana
Sergio Gullo.
Chief Representative EMEA and APAC, B3
Carolyn Jackson,
Partner, Katten Muchin Rosenman UK LLP
Stewart Jardine,
Director, Market Tech Sales, CME Group
Jasper Jorritsma,
Senior Policy Advisor, Capital Markets , AFM
Albert  J. Menkveld, Professor of Finance, Vrije Unversiteit Amsterdam
Michael Kovacocy,  Capital Markets Specialist, Independent Advisor
Kirst Kuipers, Managing  director, Head of iShare Netherlands, Blackrock
Alexandre Laumonier, Blogger & Independent Researcher, Brussels 
Patrick Mattar, Managing Director, Blackrock
Matthew McLoughlin, Head of Trading, Liontrust Asset Management
Paul Meerts, Senior Associate, The Clingendael Institute
William Mitting, Managing Director, Global Investor Group
Peter Moricz, CEO, Moricz.io
Daniel Neeteson, Principal Strategy, Optiver
Jan Robert Schutte, CEO, Crypto Academy
Randolf Roth, Member of the Executive Boards, Eurex Frankfurt AG and Eurex Zürich AG
Henk Rozendaal, Global Head of Fixed Income Trading, Rabobank
Philip Simons, Head of Fixed Income Derivatives sales & business Development, Eurex
Mark Spanbroek, Vice Chairman, FIA Epta
Piebe Teeboom, Secretary General, FIA Epta
Paul van den Berg, Supervision Policy Division, European Affairs Bank, De Nederlandsche Bank
Laura van de Werfhorst, Policy advisor, Supervision Policy Division, Netherlands Bank

Rick van Leeuwen, Head of Institutional Trading, IMC Financial Markets
Sander van Leijenhorst,
Senior Project lead Mifid II,  AFM
Maurice van Tilburg, CEO Euronext Amsterdam & Head of Market Operations, Euronext
2 Senior Representative from Euronext

 

 

Platinum Sponsor


 

Eurex

 

Eurex Exchange is one of the world’s leading derivatives exchanges, serving a growing global distribution network. It offers more than 2,000 products covering all major
as well as alternative asset classes. Our marketplace – based on innovative IT infrastructure – is gateway to the most heavily traded euro-denominated equity index and
fixed-income derivatives. As part of Eurex Group,  we provide access to a global liquidity network with daily trading volumes of around 7 million contracts.
Eurex Exchange uses Eurex Clearing, one of the leading central counterparties globally.

 

 Euronext

 

 

Euronext is the leading pan-European exchange in the Eurozone with nearly 1,300 listed issuers worth close to €3.6 trillion in market capitalisation at end December 2017, an unmatched blue chip franchise consisting of 24 issuers in the Morningstar® Eurozone 50 IndexSM and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and develops trading technology and managed services for third parties, as well as facilitating access to settlement and clearing facilities. Its product offering includes equities, ETFs, warrants & certificates, bonds, indices and financial and commodity derivatives, including benchmark index futures and options on the CAC 40 and AEX, single stock options and futures.

 

 

Gold Sponsor


 

 

ABN AMRO Clearing

 

 

For more than 30 years, ABN AMRO Clearing has been providing multi-asset execution, clearing, custody and financing services around the world.
ABN AMRO Clearing, a wholly owned subsidiary of ABN AMRO Bank N.V., is a fully licensed and regulated Dutch bank with its registered office in Amsterdam.
With 11 offices around the globe and employing more than 800 staff, ABN AMRO Clearing services its clients on 160+ exchanges, MTFs, dark pools and FX liquidity centers.
ABN AMRO Clearing consistently ranks among top 3 clearers in every major time zone  and processes on average 20 million lines of transaction data per day.
ABN AMRO Clearing has been recognized by multiple industry award wins:

-  HFM Awards - Winner 2016 European Services
- CTA Intelligence- US CTA Services Awards 2016
- CTA Intelligence - European Services Awards 2016
- FOW International Awards 2017 - Proprietary Trading Clearing Firm of the year 

 

B3

 

 

 

B3 is one of the world’s largest financial market infrastructure providers by market value. The services it offers range from exchange trading, clearing,depository, trade repositoryand other post-trade services to registration of over-the-counter (OTC) transactions and of vehicle and real estate loans. We are committed to Brazil, our clients, and constant development of the financial and capital markets.

 

Silver Sponsor


 

CME Group

 

 

 

CME Group is the world's leading and most diverse derivatives marketplace, handling 3 billion contracts worth approximately $1 quadrillion annually (on average). The company provides a marketplace for buyers and sellers, bringing together individuals, companies and institutions that need to manage risk or that want to profit by accepting risk. Our exchanges - CME, CBOT, NYMEX and COMEX - offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals, and through our CME Globex electronic trading platform. CME Group also offers a growing slate of cleared OTC products and services. Additionally, CME Group operates CME Clearing – one of the world's leading central counterparty clearing providers – which serves as the counterparty to every trade that happens in our markets.

 

 

ERSTE Securities Polska

 

 

Erste Securities Polska S.A.  (ESP) is a Polish operating hub of Erste Group Bank AG and the leading investment firm in Poland where we are present since 1995.  ESP serves domestic and international institutional clients combining local expertise on the Polish capital market with the regional outreach of Erste Group. ESP is a part of Erste regional equity platform stretching from Warsaw across Central and Eastern Europe down to Turkey. ESP offers wide range of brokerage and advisory services: equity, derivatives trading including index and stock arbitrage, post- trading services as GCM and settlement agent, access to in-depth research coverage as well as widely understood investment banking services from ECM and DCM advisory to access to M&A or infrastructure financing solutions. ESP is  a pioneer in electronic trading and market innovations and offers the best market access solutions always tailored to clients’ needs.

 

 

Warsaw Stock Exchange

 

 

 

The Warsaw Stock Exchange (GPW) is one of the fastest growing securities exchanges in Central and Eastern Europe. Almost 1,000 foreign and domestic issuers list on the GPW. The Warsaw Stock Exchange operates a regulated market for equities and derivatives, as well as NewConnect, a multilateral trading facility dedicated to small and medium enterprises. GPW is also developing Catalyst, a market for corporate and municipal bond issuers. The Polish Power Exchange (POLPX), a member of the GPW Capital Group since February 2012, offers trade in electricity, natural gas, property rights, guarantees of origin and CO2 emission allowances. Since 9 November 2010, GPW is a publicly traded company listed on Warsaw Stock Exchange. With over 25 years of modern-era experience, GPW is one of the most recognizable Polish financial institutions. For more information, visit http://www.gpw.pl.

 

 

Katten Muchin Rosenman UK

 

 

 

Established in 1974, Katten is a full-service law firm with approximately 650 lawyers located in London, the United States, and Shanghai.
The firm’s core areas of practice are corporate, financial services, insolvency and restructuring, litigation, real estate (including construction), environmental, commercial finance, intellectual property, structured finance and securitisation and trusts and estates.
Katten represents public and private companies in numerous industries, including a third of the Fortune 100, as well as numerous government and not-for-profit organisations and individuals.
Ours business is driven by our values.  We believe in growth through innovation and adaptability, honing our approach to align with circumstances and client needs.  We always work as partners with our clients and their advisors to add value, ensuring we deliver on time and to budget.

 

 

London Stock Exchange Group

 

 

London Stock Exchange Group is a global market infrastructure business focusing on capital formation, intellectual property and risk and balance sheet management. LSEG operates an open access model, offering choice and partnership to customers across all of its businesses which include London Stock Exchange, Borsa Italiana, FTSE Russell Indexes, MillenniumIT and LCH.

The Italian Derivatives Markets (IDEM), launched in 1994, is among the top European derivatives exchanges. Based on one of the most liquid equity markets in Europe, around 190,000 contracts with a value equivalent to €5.2bn are traded daily. IDEM is a hybrid market in which members are allowed to enter orders and submit IOIs, while Market Makers play a constructive role in improving market liquidity and the efficiency of the price discovery process through their intense quoting activity. More than 20 market making firms are active on the IDEM market, displaying bids and offers on a continuous basis or responding to requests for quotes.
Thanks to CC&G, our CCP, members of the IDEM market can benefit from a full range of CCP value-added services: • Cross-margining • Integrated guarantees • Full-STP

London Stock Exchange Derivatives Market (LSEDM) offer Member firms new and innovative products, alongside our leading international marketplace for Russian Depositary Receipts derivatives. LSEDM also operates a linked order book model with Oslo Børs for Norwegian products, and trading of futures and options on FTSE100 Index and UK single stock derivatives. Members can also gain exposure to Turkey by trading futures and options on the BIST30.
All LSEDM products are cleared at LCH Ltd.
Further information on London Stock Exchange Group can be found at
www.lseg.com

 

 
Exclusive drinks reception sponsor 

 

 

Media Partners

Automated Trader is the first global magazine dedicated to automated and algorithmic trading. The magazine is a regular print and digital publication that focuses on all aspects of automation in the trading process. Featuring insights from both academics and practitioners alike, Automated Trader covers strategies and analytics, the impact of regulatory requirements, and all the latest technological innovations in the field.Automated Trader is the first global magazine dedicated to automated and algorithmic trading. The magazine is a regular print and digital publication that focuses on all aspects of automation in the trading process. Featuring insights from both academics and practitioners alike, Automated Trader covers strategies and analytics, the impact of regulatory requirements, and all the latest technological innovations in the field.
To learn more, please visit http://www.automatedtrader.net/ 

 

 

 

 

 

 

Launched in 2001, Eurekahedge has a proven track record spanning over 16 years as the world’s largest independent data provider and alternative research firm specialising in global hedge fund databases and research. Headquartered in Singapore with offices in New York and Philippines, the global expertise of our research team constantly adapts to industry changes and needs, allowing Eurekahedge to develop and offer a wide array of products and services coveted by institutional investors, family offices, accredited investors, qualified purchasers, financial institutions and media sources. In addition to market-leading hedge fund databases, Eurekahedge’s other business functions include hedge fund research publications, due diligence services, investor services, analytical platforms and risk management tools. For more information, please visit www.eurekahedge.com or marketing@eurekahedge.com

 

Venue


 

Hotel Okura Amsterdam

Ferdinand Bolstraat 333

1072 LH Amsterdam

Netherlands