All timings in AEST
09:00 – 09:05
Chairperson’s Opening Remarks
09:05 – 09:35
An Overview of the Geopolitical Landscape and Shifting Trends in FX
- The impact of the Biden administration on the FX markets
- Brexit transition and what it means for European currencies
- The increasing market optimism around vaccines and return to normalcy
- The world’s relationship with China and which countries are affected
Head of FX and G3 Research
Daniel is the Head of FX and G3 Research for the ANZ Bank. His team is responsible for forecasting the outlook for the major global economies and FX markets. In particular they focus on what the major macro trends evolving offshore mean for ANZ’s core markets in Australasia. More particularly, Daniel’s research focuses on exploring the impact of the global cycle on broad market trends, with a specific focus on the USD and AUD.
He provides advice across all client segments of ANZ. Since joining ANZ the team has consistently achieved strong ratings for AUD research in the Kanganews, Asiamoney and Peter Lee surveys.
Daniel has more than a decade of experience in financial markets, working in funds management, banking and the public sector.
Chief Executive Officer
Wealth of Nations
Before establishing Wealth of Nations Advisors in 2014, Uwe Fuehrer has had a career that spans 30 years within the financial markets of New Zealand, the United Kingdom, Germany and Australia, having started his career in 1984 with the Reserve Bank of New Zealand, and subsequently working for Merrill Lynch, Calyon, Commerzbank, Citibank and State Street in FX markets across sales, trading, derivatives, and fund origination in foreign exchange. Uwe specialises in macro strategy, with a strong focus on emerging markets, in particular China, and geopolitics.
Wealth of Nations Advisors (WoNA) is a regulated financial services company based in Sydney specialising in raising assets for alternative and impact focused investment management firms from wholesale institutional investors across Australia and New Zealand as well as from sovereign wealth funds, reserve managers and select government agencies globally. WoNA’s portfolio of clients collectively manage in excess of $300bn of assets across a range of alternative and impact strategies and geographies.
09:35 – 10:05
Overview of IBOR in a Fragmented Market: What does it mean for clearing – moving
- The latest updates on benchmark reforms
- How does the differences in dates affect FX Markets
- Will the new rates affect clearing trades?
- How can the regulators and firms support FX traders?
- Managing risks that will emerge from the transition
10:05 – 10:35
Best Perspective of FX: Is FX better seen as an asset class or overlay strategy to manage risks?
Chief Investment Officer
<p>As CIO at Avant Mutual Group, John has primary responsibility for managing Avant's investment portfolios. Leading the investment team in delivering an investment strategy, including portfolio construction, manager selection and asset allocation activities.</p>
<p>Prior to joining Avant, John spent over 10 years working for ING Investment Management and later ANZ Wealth, responsible for managing teams that provided asset allocation and currency management active overlay expertise, portfolio execution, dealing across products and services within Australia, New Zealand and Asia.</p>
<p>John has been in the investment industry since 1999 and his previous experience includes working with Bank of Ireland Asset Management (Dublin), where he led teams and held various positions in portfolio management and execution with specialist responsibility for active currency management.<br /> <br />John holds a Masters of Applied Finance degree from Macquarie University, Sydney, a Bachelor of Science degree with a major in Finance from University College Cork (Ireland) and is a fully qualified ACMA accountant.</p>
10:35 – 11:00
Electronification of FX Markets: FX Forwards and NDFs
- The challenges of electronifying FX forwards and NDFs
- Will the challenges inhibit the growth of FX forwards and NDFs market?
- How to create a more efficient and optimal workflow?
11:00 – 11:25
Digitally Transformed FX Markets: Are FX Options compatible?
- Is there a disruption in FX options market?
- Digitally transformation being a catalyst for new products
- How to navigate the FX options market with digitalization?
11:25 – 11:25
End of FX Markets Australia Day 1
09:00 – 09:05
Chairperson’s Opening Remarks
09:05 – 09:25
Keynote Address: Updating the FX Global Code
- Overview of recent changes to the Code
- Increasing the clarity and comparability of disclosures
- The GFXC’s guidance on pre-hedging and last look
Reserve Bank of Australia
Christopher Kent is the Assistant Governor (Financial Markets) at the Reserve Bank of Australia, a position he has held since December 2016. In this role, he is responsible for the oversight of the Bank's operations in the domestic and global financial markets, including the management of Australia's foreign reserves. He briefs the Reserve Bank Board on developments in financial markets at the monthly Board meetings and participates as the Bank's representative on the BIS Markets Committee and the BIS Committee on Global Financial Stability.
Prior to this, Christopher was the Assistant Governor (Economic) for five years and as such was the chief economic advisor to the Governor and the Board. Christopher has also worked as Head of Payments Policy Department and earlier as Head of Economic Research Department and he spent two years with the International Monetary Fund working on the Italian desk.
Christopher holds a PhD from the Massachusetts Institute of Technology and a Bachelor of Economics (Honours) from the Australian National University. He has authored numerous papers on the Australian economy and macroeconomic policy and edited a number of the Bank's annual Conference Volumes.
09:25 – 09:55
The Progress of Global Code: Implications from Working from Home
- How has adoption of the global code progressing?
- The benefits of the adoption of the code
- How to ethically work from home and
- Collaborating together as buy-side and sell-side to move forward together with the code
Director, Head of Currency
Stuart Simmons is responsible for QIC’s currency overlay mandates as well as leading and undertaking ongoing thought leadership and research on currency markets. Stuart is a member of the RBA’S Australian Foreign Exchange Committee and has been Australia’s private sector representative to the Global Foreign Exchange Committee since 2019.
Prior to joining QIC, Stuart was Director, ANZ (Europe); Managing Director, Principal Global Investors (Europe); Vice President, BT Funds Management
Stuart is a CFA Charterholder and holds a Graduate Diploma in Applied Finance and Investment (FINSIA) and a Bachelor of Commerce degree (University of New South Wales)
Rory O’Connor has 15 years experience in FX markets with roles in banking and superannuation. As portfolio manager in QSuper’s Capital Markets division, Rory manages trade execution across multiple asset classes. He has responsibility for QSuper’s adoption of and adherence to the FX Global Code. Prior to commencing with QSuper in 2017, Rory was the Senior Manager of FX Trading at Suncorp.
09:55 – 10:25
Utilizing Technology and Algos to Produce High Returns
- What have been the difficulties navigating technology in FX strategies?
- Is human touch needed to produce high returns?
- How to incorporate algos as a FX hedging tool
- Will automation cause traders to become obsolete?
- Optimizing performance with increasing electronification
10:25 – 10:55
FX Options in the era of Uncleared Margin Rules ( UMR)
- Examining the current market structure in FX Options
- The impact that UMR on the trading costs
- Will market access be inhibited and how will this affect FX options
- Optimizing pre and post-trade operations in clearing trades
- Latest developments in technology to improve efficiency to gain an edge
10:55 – 11:25
The Growing Cryptocurrency Market: Will it ever develop into a currency?
- The instability of current currencies and the value of currencies
- The massive growth of the value of cryptocurrencies
- Will it ever be treated as anything more than an equity?
- Can cryptocurrencies offset and help to manage portfolio risks?
- The challenges in operations with digital currency and creating a supportive infrastructure
Chief Investment Officer
Henrik is the co-founder and CIO of Apollo Capital, Australia’s premier crypto fund. Henrik has over 17 years of experience in global financial markets, with almost a decade on Wall Street. Henrik has extensive experience across three continents as a quantitative analyst, senior research analyst and in institutional equity sales. Henrik holds a Master of Science in engineering physics from the Royal Institute of Technology (KTH) and a Master of Science in business administration and economics from Stockholm University. He is a CFA charterholder.
Ian has over 30 years’ experience in intellectual property commercialisation in media, financial services, blockchain, biotechnology, software, property, and agribusiness.
He has operated throughout the US, Asia and Europe. His experience is in taking early and development stage companies into commercial growth and reinventing enterprises with new technology and business models. Ian was a co-founder of NASDAQ listed bio-pharmaceutical Benitec. He won multiple awards as Executive Producer of television properties. Ian is former Chairman of ABC Honey Group and Director of software company, PierAlpha. He is also Director of NaturesCoin, a blockchain sustainable asset manager.
11:25 – 11:55
The TCA Platform: Taking the Capacity to a Whole New Level
- What are the current drawbacks in liquidity for the current trade process with TCA
- How can we augment access to liquidity
- The impacts of using the TCA platform for different trades
- How can TCA accommodate for any execution requirements
Head of Asia Pacific Futures & Options, OTC Clearing and FX Prime Brokerage
Bank of America Merrill Lynch
Russell Beattie is the Director, Head of Asia Pacific Futures & Options, OTC Clearing and FX Prime Brokerage. Russell has 26 years’ experience in listed exchange traded derivatives in APAC. He has lived / worked and been a licensed representative in Hong Kong, Singapore, Japan and Australia.
He has built and coached highly profitable electronic trading / sales trading / origination and clearing teams in Australia, India, Singapore, South Korea, Japan, Hong Kong and Taiwan.
Being a product professional with an extensive marketing / sales background he values his broad based relationships which cover buy-side and sell-side clients across the globe.
In his career he has spent over 15 years as a registered company director, licensed responsible officer and/or licensed internal control manager across various regional businesses.
Prior to Joining BAML Hong Kong in January 2015, Russell was the Managing Director, Head of Prime Services Japan and Head of Agency Derivatives Services Distribution (Asia Pacific) for Barclays based in Tokyo. As part of that role he was also a member of the Barclays APAC
Prime Services Management Committee.
Russell is an elected board member of the Futures Industry Association of Japan and continues to participate on several other market advisory committees such as Futures Industry Association, Asia and the Korean Exchange Derivatives Markets Advisory Committee.
Russell takes an active interest in mentoring current economics & finance students where he is on the advisory board of the HK Federation of Business students association, Honorary Vice President of the Advisory board of Business Students Union, HKUSTSU and participated as a guest speaker at the College of Business & Economics , ANU, Canberra.
Russell graduated from the Australian National University, Canberra with a Bachelor of Economics
Prior to starting in the financial markets on the Sydney Futures Exchange he was granted a commission as a Royal Australian Infantry Officer and qualified as an airborne trooper with the 1st Royal Australian Commando Regiment.
11:55 – 12:25
Developing FX Hedging Strategies within a Low Interest Rate Environment
- Do the old ways of hedging FX work in today’s economy?
- What are new trends and new ways to hedge FX?
- The harsh reality of less profits and innovating ways to generate income
- Active vs Passive Management of FX: How to become strategic as opposed to operational
Treasury and Insurance Manager
<p>As the treasury and insurance manager at Western Power, Kurt changed the treasury and insurance business from a transactional cost centre to a centre of strategic value-add. He develops and implements financial risk management, capital management and financeability strategies to support the board's corporate strategy, improve financial performance and increase long-term enterprise value. He leads and manages a team of five treasury and six insurance professionals.</p>
<p>Prior to Western Power, Kurt held executive positions in financial markets for approximately 20 years. He was the head of derivative trading at the Bank of Western Australia, a director in two international fintech start-ups developing and commercialising option pricing and risk management technology, and the investment strategist at GESB fund management.</p>
<p>Kurt has published research on exotic FX options (international financial engineering journal and international patent) and has presented research at banking and treasury conferences in the USA, Europe and Australia.</p>
<p>He was awarded a Ph.D (Finance) from UWA and a Master of Philosophy (Finance) with Distinction from the University of Cambridge. He is a Certified Finance and Treasury Professional and is WA State Chair of the Finance and Treasury Association. He is also the Treasurer for the Special Olympics Australia (Perth).</p>
12:25 – 12:25