Program
8:00 - 9:00 a.m.
Registration & Breakfast
9:00 - 10:00 a.m.
PART I / Welcome, Introductory Remarks and Keynote Address
Welcome
Dexter Senft, Managing Director, Lehman Brothers
Chairman, TBMA Technology Committee
Introductory Remarks
Matt Frymier, Principal, Banc of America Securities
Mr. Frymier, who will be the overall moderator of this Conference, also serves as Chairman of TBMA's Technology Education Committee.
Keynote Address
Sharon Rowlands, Chief Executive Officer, Thomson Financial
10:00 - 11:00 a.m.
PART II/ GENERAL SESSION
Does Ownership Matter? What are Today's E-Trading Trends?
Panel discussion of the recent activities and trends concerning ownership of exchanges, electronic trading companies, and fixed income securities ATS networks, and what the future holds in terms of ownership of these facilities, “convergence” of asset classes and expanded functionality such as OMS, compliance monitoring and STP.
Moderator: Matt Frymier, Principal, Banc of America Securities
Panelists:
Mike Cormack, President, Archipelago Holdings
Rick McVey, Chief Executive Officer, MarketAxess
Rob Slaymaker, Chief Executive Officer, BondDesk Group
Jim Toffey, Chief Executive Officer, Thomson TradeWeb
11:00 - 11:15 a.m.
Refreshment Break/View Exhibits
11:15 a.m. - 12:15 p.m.
PART III / Two Breakout Sessions
1)FOCUS ON ISSUER TECHNOLOGY
How is technology changing the issuance process? How do investors benefit from "direct" debt issuance? Are industry-wide developments that provide electronic syndicate opportunities being fully leveraged? What are the challenges for organizations such as ICMA, TBMA and FIX regarding creating greater awareness of the potential benefits of e-syndicate proposals.
Moderator: Scott Sparr, Director of Global Debt Services, Merrill Lynch
Panelists: John Coban, Senior Vice President, LaSalle Bank
Sarah Cohen, Product Manager, MarketAxess
Dan Doscas, Senior Vice President, HSBC Securities (USA) Inc
Steve Hartman , Incapital
Tony Miscimarra, President, BondDesk
Allen Williams, Managing Director and Co-Head of Capital Markets, i-Deal LLC
2)eProcessing
What are the benefits to asset managers of combining eTrading and eSettlement as part of the same service? What is the typical cost structure of this combined service and is there transparency? What eProcessing improvements are on the horizon? More importantly, what is “worth money” to the end user?
Moderator: Dexter Senft, Managing Director, Lehman Brothers
Panelists: Jon Ambos, Head of Transaction Processing, Deutsche Asset Management
Chip Carver, Chief Executive Officer, SwapsWire Limited
Jonathan Dean, Head of Client Connectivity, MarketAxess
Tom Garley, Director, Thomson TradeWeb
William Gartland, Business Manager, Bloomberg
Laura LoCosa, Managing Director, Morgan Stanley
James Wallin, Senior Vice President, Alliance Capital Management
12:15 - 1:15 p.m.
Lunch/View Exhibits
1:30 - 2:50 p.m.
PART IV / GENERAL SESSION
The Future of the Derivatives Post-Trade Environment
This Roundtable will address the future of trading and processing concerning credit default swaps and interest rate swaps. As noted below, the speakers participating in this Roundtable are innovators in the marketplace. They will discuss the current state of trading and processing across major derivative asset classes. This group of speakers will consider what has worked, what hasn't, and where we're headed, with a particular emphasis on whether protocols and other industry-wide infrastructure elements are keeping up with electronic trading gains.
Moderator: Dick Cohen, Managing Director, Bank of America
Roundtable Speakers: Pete Axilrod, Managing Director, DTCC
Mark Beeston, Chief Executive Officer, T-Zero
Andy Brindle, Consultant, MarketAxess
Chip Carver, Chief Executive Officer, SwapsWire Limited
Mel Gunewardena, Managing Director, Goldman Sachs
Michael Wyne, Managing Director, Fischer Francis Trees & Watts
2:50 - 3:05 p.m.
Refreshment Break/View Exhibits
3:05 - 3:15 p.m.
PART V / The Bond Market Association's 2005 Electronic Trading Survey
This segment will be a presentation on the Association's 2005 survey of leading global vendors and other providers of automated services in connection with the trading and processing of fixed income securities and other related instruments. Other proposed TBMA research services and advocacy-related activities that are currently being pursued by the Association and its Technology Committee will also be described.
Speaker: Michael Decker, Senior Vice President, Research & Policy Analysis, The Bond Market Association
3:15 - 4:10 p.m.
PART VI / Technology Developments Affecting the Activities of Inter-Dealer Brokers
This panel will focus on the interdealer market. Issues will include whether operations services are in sync with electronic trading mechanisms and whether the technology era is here to stay in the IDB markets. Also, panelists will discuss the depth and breadth of the market for 30-year Treasury bonds and whether the Street is geared up from a systems standpoint for the return of these bonds.
Moderator: Amy Nauiokas, Head of Global e-Commerce, Barclays Capital Inc.
Panelists: Mazy Dar, Strategy and Business Development, T-Zero
Michael Fuhrman, GFI Securities LLC
Jeffrey Hogan, Senior Managing Director, BGC Partners
John A. Shay, Executive Vice President, ICAP plc
4:10 - 4:20 p.m.
PART VII / Conference Wrap-up
Speaker: Matt Frymier, Principal, Banc of America Securities
Registration Information
Registration Fees:
Member: $645 (additional registrants from the same firm are $545 each)
Non-member: $945 (additional registrants from the same firm are $845 each)
Registration fees include admission to all business sessions, meeting materials, and meal functions.
*All fees must be paid in advance.
Registration Fees can be paid on-line via Mastercard, Visa, or American Express or with a check. Please make checks payable to: The Bond Market Association and mail to:
Attention: The Bond Market Association, 360 Madison Avenue, New York, NY 10017
Refund Policy:The Association will issue refunds, each subject to a $75 service charge, on cancellations received in writing on or before Tuesday, November 29, 2005.
No refunds will be issued on cancellations after this date. Substitutes are welcome at any time.
Hotel Reservations: For your convenience, a limited number of guest rooms have been reserved until 11/16/05. After that date, rooms will be available on a first-come, first-served basis. For hotel reservations, please call the Marriott Marquis at 800.843.4898. Be certain to mention you are attending The Bond Market Association's conference.
If you have any questions, please contact the Conference Department at 646.637.9294.
