Agenda

FX Markets Europe 2022 event agenda

June 28 | IN PERSON

08:0009:00

Registration and refreshments in the Risk Live networking gallery

08:00 - 08:50

09:0009:10

Opening remarks

09:00 - 09:10

Joe Parsons

Global markets deputy editor

Risk.net and FX Markets

Joe Parsons is deputy editor on the markets desk. He was formerly deputy editor at Global Custodian, and prior to that was at The Trade.

09:1009:50

FX trade execution and navigating fragmented markets
Panel Discussion

09:10 - 09:50

  • Execution and automation challenges
  • Changing market structure
  • Proliferation of trading venues and increased fragmentation
  • FX execution algorithms 
  • Liquidity pools
  • P2P trading vs primary single dealer
Joe Parsons

Global markets deputy editor

Risk.net and FX Markets

Joe Parsons is deputy editor on the markets desk. He was formerly deputy editor at Global Custodian, and prior to that was at The Trade.

Roland White

Global head of institutional sales

LMAX Exchange

Roland White is global head of institutional sales at LMAX Exchange. He is responsible for advancing LMAX Exchange's global growth agenda in the institutional segment, leading the institutional sales team and deepening relationships with institutions internationally. White has 28 years of institutional foreign exchange expertise and a wealth of capital markets experience from a career spent leading FX sales and trading desks at major global banks and FX brokers. Prior to joining LMAX Exchange, he was head of electronic FX sales at Commerzbank and led international sales teams at EBS, Cognotec, Reuters, Citigroup and Standard Chartered. In addition, White served as vice-president of the financial markets association, ACI UK, between 2002 and 2007.

David Wilkins

Head of FICC execution services, Emea and global e-FX sales

Goldman Sachs

David Turner

Head of Emea foreign exchange trading

BlackRock

09:5010:30

Macro policy debate: Will diverging central bank policies be the new normal for FX markets?  
Panel Discussion

09:50 - 10:30

 

  • How has the Russia invasion impacted monetary policy?
  • Will inflation be a long-term factor for FX markets?
  • Who will come out on top? G10 or Emerging Markets?
David Page

Head of macroeconomic research

AXA Investment Managers

David Page is head of macroeconomic research at AXA Investment Managers. He manages a global team of 10 economists and strategists, is a regular guest on Bloomberg TV and other global media. Page joined AXA Investment Managers in July 2014 as a senior economist to provide economics coverage on US and UK economies. He has written extensively on the US economy, covering elections, fundamental monetary policy debates and issues of fiscal stimulus. Before joining AXA Investment Managers, Page worked for four years at Lloyds Bank Commercial Banking as a senior economist, primarily covering the UK economy. During this time, he was twice voted the top forecaster in the region in 2011 and 2012 (and came third in 2013). Prior to this, Page worked for 10 years at Investec Bank as a global economist, primarily covering the UK and European economies. Before this, he spent five years in the Government Economic Service, initially working for the energy regulator before joining the UK Debt Management Office – an executive agency of HM Treasury – at its inception in 1998, considering issues of primary issuance for the UK gilt market. Page holds a masters of science degree in economics from the University of Warwick, UK and a bachelor's degree in Economics from the University of York.

 

Geoffrey Yu

Foreign exchange and macro strategist, Emea

BNY Mellon

Elliot Hentov

Head of macro policy research

State Street Global Advisors

Elliot Hentov is head of macro policy research in State Street Global Advisors' global macro team. He is responsible for research and thought leadership, linking policy impulses to financial markets and economics, and is the company's chief geopolitical strategist. Hentov joined State Street from Standard & Poor's sovereign ratings group where he was a director and lead analyst for sovereigns and government-related entities in central, eastern and Mediterranean Europe. Before that, he served as a political affairs officer at the UN's headquarters in New York, advising senior officials on political and economic issues in the Middle East and Europe. Hentov holds a PhD from Princeton University and a master's degree in international affairs from Georgetown University and has authored publications in the Financial Times, the New York Times, the Business TimesForeign Policy, and Washington Quarterly. He is also a member of the Advisory Board of the Official Monetary and Financial Institutions Forum in London and a non-resident fellow at the Middle East Institute in Washington, DC.

 

10:3011:00

Morning networking break

10:30 - 11:00

11:0011:40

The next generation FX markets: innovation and technology
Panel Discussion

11:00 - 11:40

  • Using AI to inform better data decisions
  • Leveraging data to anticipate market swings and achieve best execution in an increasingly volatile environment – is it possible?
  • Harnessing electronic execution, trade automation, CLOBs and algos to find liquidity
  • Cost of investing: how are buy-side firms utilising technology and analytics to fuel trading decisions?
  • The future of algorithmic trading and robots  
Hasan Amjad

Head of execution risk

Schonfeld Strategic Advisors

Hasan Amjad is head of execution risk at Schonfeld Strategic Advisors and is responsible for the identification and mitigation of risk for all aspects of execution across the firm. He has over 10 years of experience building financial execution infrastructure and holds a PhD in computer science and masters of science degree in mathematics from Cambridge and Oxford.

John Stead

Global head of pre-sales

smartTrade

John Stead is global head of pre-sales at smartTrade Technologies. He and his team are responsible for understanding client business requirements and showing how smartTrade can add long-term demonstrable value. Stead has over 15 years of experience in e-FX, working with sell-side clients, real money, brokers and hedge funds. As well as FX, he is particularly focused on the crypto market, the synergies between the asset classes and the benefits it can bring to the wider industry.

Samir Sheldenkar

Director of applied data science

causaLens

Alexander McDonald

CEO

European Venues and Intermediaries Association (EVIA) (LEBA)

Alexander McDonald has been CEO of European Venues and Intermediaries Association (“EVIA”), since 2009. In the decade until 2020 he was also responsible for SONIA which was subsequently taken over by Bank of England as the UK RFR. Prior to joining WMBA, Alex has spent his career as Managing Director in the Treasury and Trading divisions of JP Morgan, Goldman Sachs and Credit Suisse, before moving into Fund Management where he worked for Bluecrest, Olea and BSAM as either Portfolio Manager or Principle. He holds an MA from Cambridge University in Geophysics/Geochemistry. 

He has over twenty years of experience as a market maker, franchise leader, macro trader and portfolio manager, focusing on risk in commodities, fixed income and currencies worldwide. Additionally, he was a director, in charge of Emerging Markets and currency trading at CSFB for eight years, and prior to that he was Executive Director at Goldman Sachs on their fixed-income proprietary trading desk. He joined JP Morgan in 1988 and subsequently traded

11:4012:20

Evolution of FX algos

11:40 - 12:20

  • How are banks adapting their algos so that they become a permanent tool for clients?
  • As more FX asset classes turn to electronification, will algo adoption increase?
  • Will voice execution still be necessary for bespoke, exotic FX products?
  • Will other segments such as swaps and options fully electronify
Asif Razaq

Global head of FX algo execution

BNP Paribas

Asif Razaq is an experienced foreign exchange algo trader with over 15 years of experience developing electronic trading platforms. He has a masters of science degree in artificial intelligence (AI) and joined BNP Paribas from Citi, where he worked on various initiatives including e-FX pricing engines and algorithmic trading. Utilising his experience in AI, Razaq developed and launched Cortex iX, a cutting-edge FX algorithmic execution platform that has been highly acclaimed by clients and industry experts globally.

Rafael Wyss

Head of foreign exchange and commodity advisory, Zurich

Credit Suisse

Allan Guild

Director

Hilltop Walk Consulting

12:2013:20

Networking lunch
Re-connect and meet new contacts as we return to in person!

12:20 - 13:20

13:2013:50

AI and OTC Markets

13:20 - 13:50

Roel Oomen

Global head of fixed income and currencies quantitative trading

Deutsche Bank

Roel is the global head of fixed income and currencies quantitative trading at Deutsche Bank. He started his industry career as a quant in electronic cash equity trading in 2006 and subsequently held various roles in electronic FX spot trading, including co-head of the business. Oomen holds a PhD in econometrics, is a senior research fellow at the London School of Economics and has been published widely on the econometric analysis of high-frequency data and FX trading.

13:5014:30

Volatility: the new phase of volatility trading
Panel Discussion

13:50 - 14:30

  • Have the FX markets turned a corner in terms of volatility levels?
  • How will this affect pricing/spreads?
  • How is this being risk managed?
  • How are banks and hedge funds positioning themselves in the options market?
Chris Turner

Global head of markets and regional head of research, the UK, and central and eastern Europe

ING

Chris Turner is global head of markets and regional head of research for the UK, and central and eastern Europe. He and his team provide short- and medium-term foreign exchange recommendations for ING's corporate and institutional client base. Prior to joining ING in 2005, he was a senior partner and head of FX research at IDEAglobal, a research consultancy specialising in independent financial market research for the investment banking, hedge fund and central bank community. Turner holds a bachelor of science degree in economics and accounting from Bristol University.

David Woolcock

Director, business consulting

Eurobase

Mayurun Uthayakumar

Global head G10 FX flow options trading

Credit Agricole CIB

14:3015:00

Keynote: Updates from Global FX Committee Meeting

14:30 - 15:00

Richard de Roos

Head of corporate and investment banking operations

Standard Bank

Richard de Roos is head of corporate and investment banking operations at Standard Bank. He joined the Standard Bank foreign exchange dealing team in Cape Town, South Africa, in 1985 before being transferred to Botswana as head of global markets in 1992. De Roos returned to South Africa in 1995, working in various capacities in FX sales before being appointed head of FX sales in 2000 and then head of FX in 2006. He assumed responsibility for liquid FX in Standard Bank’s international offices in 2010, and in 2014 was tasked with the responsibility for FX in Standard Bank’s 'rest of Africa' businesses. In 2017 he was appointed group head of FX, taking responsibility for all aspects of FX Across the Standard Bank Group.

Andrea Maechler

Member, governing board

Swiss National Bank

Andrea Maechler is a member of the governing board at the Swiss National Bank (SNB), the first woman to occupy a board position. She is also head of the bank's Department III (money markets, foreign exchange, asset management, banking operations and IT). Maechler's early career took her to the Organisation for Economic Co-operation and Development, the UN Conference on Trade and Development  and the World Trade Organization. From 1999 to 2001, she worked as an economist at the SNB Financial Stability unit. Maechler then moved to the International Monetary Fund (IMF), where she occupied a number of senior positions. From 2012 to 2014, during a sabbatical from the IMF, she worked for the European Systemic Risk Board. Upon returning to the IMF, she was appointed deputy division chief in the global markets analysis division. Maechler studied economics at the University of Toronto, and then at the Graduate Institute of International Studies in Geneva, where she obtained her master's degree in international economics. Following a period of study at the Institute of Advanced Studies in Public Administration in Lausanne, she obtained a PhD in international economics from the University of California, in 2000. Maechler is a member of the Advisory Board of the Department of Banking and Finance at the University of Zurich.

15:0015:30

Afternoon networking break

15:00 - 15:30

15:3016:10

Settlement risk: making PvP FX settlement more accessible
Fireside chat

15:30 - 16:10

  • Settlement deficiencies
  • Reducing risk and increasing resilience
  • Current limitations accessing PvP
  • Will there be a multi-FX settlement model?
Jerome Kemp

President

Baton Systems

Jerome Kemp is president of Baton Systems. Prior to his current tenure, Jerome was an independent consultant and senior advisor to the company. Kemp has over 35 years’ experience in capital markets and has previously held the position of global head of futures, clearing and collateral at Citi, with his responsibilities expanding in 2018 to cover the bank’s foreign exchange prime brokerage business. During this time, he built the cleared derivatives business to a position of global leadership. Kemp also spent 18 years at JP Morgan, where he rose to global co-head of the futures and options and over-the-counter clearing business. He was chair of the Futures Industry Association Board from 2018 to 2020. Kemp holds a bachelor's degree from Brandeis University and a master's degree from Columbia University’s School of International and Public Affairs.

Joe Parsons

Global markets deputy editor

Risk.net and FX Markets

Joe Parsons is deputy editor on the markets desk. He was formerly deputy editor at Global Custodian, and prior to that was at The Trade.

Lukasz Czarkowski

Global Trade Services Operations Consultant

Franklin Templeton

16:1016:50

FX clearing and market structure

13:45 - 14:30

  • How will final phase UMR and SACCR reforms impact market structure?
  • How will margin rules alter the derivatives market?
  • The future of FX futures - will UMR encourage more use?
Heli Khandelia

Head of international change management

Apollo Global Management

Heli Khandelia is head of international change management at Apollo Global Management. She is responsible for managing and delivering a  of changes across various business areas in Europe. Khandelia has delivered a range of large-scale, cross-functional business change and regulatory programmes. Her expertise covers multiple asset classes, building and managing high-performing teams and leading multi-disciplined projects from inception to delivery. Khandelia has worked for global banks and consulting firms such as Goldman Sachs, JP Morgan, Deutsche Bank, Lloyds and KPMG. She is skilled in programme and project management, governance, regulatory risk and compliance, business change, operations and technology. Khandelia holds a master's degree in applied computing technologies from Northumbria University.

David Reid

Managing director and global head of foreign exchange prime brokerage

Deutsche Bank

Dave Reid is managing director and global head of foreign exchange prime brokerage at Deutsche Bank. Prior to this, he was at Citi for 12 years where he was responsible for prime brokerage in Europe, the Middle East and Africa, and Asia. Before this he held roles in prime brokerage and e-FX at AIG Financial Products, Atriax and ANZ Investment Bank, and derivatives sales and trading roles for Swiss Bank Corporation. 

Tobias Rank

Head of FX product sales

Eurex

Tobias is responsible for FX Product Sales at Eurex. In this capacity, he oversees all sales activities for listed FX derivatives and OTC NDF Clearing. Before, he held various positions within the FX derivatives team since 2017 focusing on business development, product design and commercialization.

 

Tobias started his professional career with Eurex Sales Asia in 2013 to work on major strategic trading and clearing projects.

Loic Moreau

Global head of risk and operations

LCH

Loic Moreau is global head of risk and operations at LCH ForexClear. He is responsible for overseeing the global risk and operations teams in London, New York and Sydney. Before joining ForexClear as a risk manager in 2011, Moreau developed risk and trading pricing models at Barclays. His previous roles include consultancy work at Crédit Agricole, where he focused on risk and trading implementation. Moreau holds a degree in economics, specialising in post-trade finance from Lumière University Lyon 2, where he now lectures. 

Paul Houston

Managing Director, Global Head of FX Products

CME Group

16:5017:30

Looking to the future of wholesale crypto markets and the impact on FX
Panel Discussion

16:15 - 17:00

  • Strategically integrating crypto into the FX desk
  • How will crypto impact FX and what does the future trading desk look like?
  • Liquidity concerns: is it feasible to introduce crypt as a reserve currency for central banks?
  • The role of liquidity providers: how do they connect and the instruments used
  • Infrastructure challenges and security concerns
Sven Schubert

Senior investment strategist

Vontobel Asset Management

Sven Schubert is senior investment strategist in the multi-asset investment department at Vontobel Asset Management. He joined the organisation in July 2011 as a currency specialist and economist for emerging markets. Prior to joining Vontobel, Schubert worked at Credit Suisse Private Banking for over six years, as an emerging markets and FX strategist. In 2005 he joined Credit Suisse's PhD programme and worked as emerging markets economist. From 2000 to 2004, Schubert worked in various positions for Dresdner Bank, the German Institute of Economic Research and the Max Planck Institute. He holds a master's degree and PhD in economics from the Free University of Berlin.

Edmond Goh

Head of trading

B2C2

Thomas Wind

Senior vice-president

Aros Capital

Thomas Wind is senior vice-president of Aros Capital, having worked in the financial sector for more than 20 years. Over the past seven years he helped start and run a multi-family office within wealth and asset management. Wind has worked primarily within investment advice, risk-taking, trading within currency, interest rates and money markets, and has headed departments in these areas. He has a strong focus on return optimisation and portfolio composition for his clients, as well as the banks he has worked for.

Tom Rees

Head of crypto trading

Eisler Capital

Tom Rees is head of crypto trading at Eisler Capital.He focuses on on a variety of systematic and discretionary strategies. Prior to joining Eisler, Rees spent seven years at Deutsche Bank as an e-FX quant trader.

Nikita Fadeev

Partner

Fasanara Capital

17:3017:35

Closing remarks

17:30 - 17:35

Joe Parsons

Global markets deputy editor

Risk.net and FX Markets

Joe Parsons is deputy editor on the markets desk. He was formerly deputy editor at Global Custodian, and prior to that was at The Trade.