P&L Forex Network New York 2012

PROFIT & LOSS EVENTS2012

NEW YORK, MAY 31, 2012

PROFIT & LOSS FOREX NETWORK NEW YORK 2012

http://www.profit-loss.com/?q=events

CONFERENCEINFORMATION:

Profit & Loss Forex Network New York 2012

Date:

May 31, 2012

Location:

Crowne Plaza, Times Square,

1605 Broadway, New York, NY__________

Event Organiser: P&L Services Ltd.

LondonTel: +44 20 7377 6383

New YorkTel: +1 646 290 5255

[email protected]

www.profit-loss.com

facebook.com/profitandloss

__________



Platinum Sponsors:

Event Sponsors:

Gold Sponsors:

Silver Sponsors:

Supporting Exhibitors

PROFIT & LOSS FOREX NETWORK NEW YORK

Sponsors:

Event Exhibitors:

Breakfast Session - sponsored by Caplin Systems:“Evolving Platform Technology & New Markets”

Caplin Systemsʼ sponsored breakfast session featured, (L-R): Raj Iyer, VP, Global Markets ProductManagement, BNY Mellon Global Markets • Thomas Lo, Founder and CEO, Financialogix Group • JoseCadalzo, US General Manager, Caplin Systems • Moderator: Colin Lambert, Editor, Profit & Loss

“Update from Washington”

Mike Gill, Senior Policy Advisor, Crowell & Moring

Panel 1: Global Positioning: How can the US protect its position in global foreign exchange markets?

L-R: Thomas Farley, President, ICE Futures US • Christopher Ferreri, Chairman, The Wholesale MarketsBrokers' Association Americas, and Managing Director, ICAP North America • Tom Rogers, CommunityManager Americas, Marketplaces, Thomson Reuters

Will Dodd-Frank Radically Alter FX?

Five years from now, FX trading could be radically altered by Dodd-Frank contended panellist Tom Farley, xx of ICE Futures US at Profit& Loss Forex Network NYC 2012. According to Farley, spot,forwards and swaps will move to central clearing; there will besignificantly more FX futures trading than there is today; and theaverage tenor of trades will increase significantly, he said.Fellow panellists Chris Ferreri, chairman of the Wholesale MarketsBrokersʼ Association Americas and Tom Rogers, communitymanager at Thomson Reuters, disagreed with some of thoseassumptions, questioning the value of centralising risk into fewerclearing house buckets.

Watch the video:http://www.profit-loss.com/?q=node/25236

http://www.profit-loss.com/?q=node/25236

The Profit & Loss Debate:“Fragmentation and future liquidity”

Colin Lambert, Editor, Profit & LossJames Sinclair, CEO & Co-Founder, MarketFactory, Inc.

Fragmentation and future liquidity were thetopics for debate between P&Lʼs own ColinLambert and founding CEO of MarketFactory,James Sinclair, at Profit & Loss Forex NetworkNYC 2012. Set against the backdrop of the FXindustryʼs long history of innovation, Lambert andSinclair voiced their opinions about the newplatforms entering the market, as well as theimpact of further fragmentation. Although the pairdiffered on the future evolution of the industry,one point of general agreement was that whileregulation could cause changes in trading, itwonʼt stop the marketʼs growth.



Panel 2: Gateway to the “New” World

Nick Dyne, Co-Head MarkitSERV FX, MarkitSERV • Bradley Seelig, Head of FX PB, Americas, DeutscheBank • Nick Solinger, Chief Marketing Officer, Traiana Inc • Gavin Wells, CEO, ForexClear, LCH.Clearnet

Differentiation a Challenge in Face of Clearing

Will consolidation around clearing change which banks dominate in execution? That questionwas posed to panellists at Profit & Loss Forex Network NYC 2012. Brad Seelig of DeutscheBank suggested the industry will respond with new services to differentiate themselvesthough collateral transformation, execution tools and cash management. Fellow panellist NickDyne of MarkitServ warned that many market participants still donʼt realise how quickly theyneed to act, claiming there is a complacency about how much work needs to be done.


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In an interview with Ray Kamrath, CEO of Faros Trading, and Tom Parry, FX quanttrader at Bank of America Merrill Lynch, at Profit & Loss Forex Network NYC 2012,the pair discussed the future of liquidity provision and the crucial role FXPB is likelyto play in the future.

Ray Kamrath, Chairman & CEO, Founding Partner, Faros Trading LLCTom Parry, FX quant trader, Bank of America Merrill Lynch

The Profit & Loss Interview: Agency vs Principal




standing room only...

Profit & Loss Forex Network New York 2012

Upcoming events in 2012:

Forex Network Chicago 2012 - September 27-28

Forex Network Chile 2012 - Santiago, October 23

Forex Network Brazil 2012 - Sao Paolo, October 25

Forex Network Canada 2012 - Toronto, November 15

For more information, Tel: +44 (0)20 7377 6984

email: [email protected]

www.profit-loss.com



L-R:Simon Jones, Global Head of FX eTrading, Citi • Chris Concannon, Partner, Virtu Financial •Peter Atkinson, Head of FX Products Management, smartTrade • Christopher Purves, ManagingDirector – Global Head of FX E-Trading, UBS

Panel 3: Making Markets in an Electronic World

Is spread compression the biggest challenge the industry faces?At Profit & Loss Forex Network NYC 2012, panellist Chris Concannon, CEO at VirtuFinancial, asked whether, as spreads continue to compress, is the future of marketmaking about who can make spreads and turn a profit at the same time, or is it aquestion of making spreads and customised liquidity? Fellow panellist John Crouchof Credit Suisse, argued that internalisation provided an opportunity, whilecounterpart Chris Purves of UBS argued that there is a case against consoliating allof a bankʼs liquidity internally.

Watch the video: http://www.profit-loss.com/?q=node/25237


London 2012:Chip Lowry

New York City 2012: Colin Lambert and James Sinclair

Singapore, Asia 2012:Moh Siong Sim and David Clark

FX Insights VideosWatch Forex Network New York videos at profit-loss.com

Videos from previous events online now:

P&L Forex Network London 2012P&L Forex Network Asia 2012, SingaporeP&L Forex Network Chicago 2011P&L FX High Frequency Workshop Chicago


www.profit-loss.com/?q=forex/videos

L-R: Mark Schlater, Managing Director, FX & PM Derivatives, UBS Investment Bank • PaulMillward, Head of FX Technology, GFI Group • Craig LeVeille, Executive Director, FX Products,CME Group

Panel 4: Derivatives: The Road Ahead

FX Options – Biggest Area of Fragmentation?With as many as 17 new venues for the FX options market currently in the works, volumegrowth for the industry went under the microscope at Profit & Loss Forex Network NYC2012. Increases in speculative flows, smaller mid-tier funds, corporations increasinghedging activities and regulations will all work to increase volumes in the FX optionsmaket, said Paul Millward at GFI Group. Fellow panellists all agreed that no matter whatthe future holds, electronically traded options will be the big driver for change.



L-R: Ed Brown, EVP of Business Development & Research, ICAP • Matt OʼHara, Senior VicePresident, Global Head of Business Operations, Marketplaces, Thomson Reuters • JamesKwiatkowski, Global Head of Sales, FXall • John Miesner, Managing Director, Knight Hotspot FX

Panel 5: SEFs, ECNs and Other Acronyms

What challenges will the increasing number of tradingvenues coming into the FX market pose to existingindustry players?Will the future of the platform world be about scale?Panellists at Profit & Loss Forex Network NYC 2012sought to predict the future of the industry, as well as thescene if the expected FX exemption does not materialise.



The Profit & Loss Forex NetworkTechnology Trade Show


New York Exhibitors:Progress Software

IPCSmartTrade Technologies

360 Trading Networks, Inc.MarketFactory

TraianaLCH Clearnet

Dow JonesFXall

Bank of America Merrill LynchHotspot FX

FXecosystemCurrenex/FXConnect

GFIFirst Derivatives

Credit SuisseThomson Reuters

CME GroupMarkitSERV

ICAPDealHub

RBSGain GTXTwo Four

Join Profit & Loss at our series of global Forex Network Conferences and events; Enjoy interactive panel discussions andnetworking opportunities with leading international and local industry leaders; Visit our world class FX technology trade shows.

Forex Network Asia 2012 in association with ACI Singapore Singapore, February 16Forex Network Colombia 2012 Bogota, March 27Forex Network Mexico 2012 Mexico City, March 29Forex Network London 2012 (with P&L Digital FX Awards Dinner) London, April 18 Forex Network New York 2012 (with P&L Readersʼ Choice Digital Markets Awards Dinner) New York, May 31Forex Network Chicago 2012 Chicago, September 27-28Forex Network Chile 2012 Santiago, October 23Forex Network Brazil 2012 Sao Paolo, October 25Forex Network Canada 2012 in association with FMAC Toronto, November 15

PROFIT & LOSS FOREX NETWORK CONFERENCES 2012


SINGAPORE BOGOTA MEXICO CITY

LONDON NEW YORK CHICAGO

SANTIAGO SAO PAOLO TORONTO

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P&L Forex Network New York 2012