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Tuesday, June 19, 2007
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Press Room
2nd Floor Promenade
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11:00 a.m.
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Registration Opens
2nd Floor Promenade
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Noon
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Exhibit Hall Opens
2nd Floor Promenade
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2:00 – 4:00 p.m.
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Opening General Session
Trianon Ballroom, 3rd Floor
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Welcome and Opening Remarks
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Marc E. Lackritz
President and Chief Executive
Officer
Securities Industry and Financial
Markets Association
www.sifma.org
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Mr. Lackritz will introduce the
Conference and provide insight and overall industry information.
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A View from the Top
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Howard W. Lutnick
Chairman of the Board, Chief Executive Officer
Cantor Fitzgerald, L.P.
www.cantor.com
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As chairman of Cantor
Fitzgerald, a leading financial services
provider to the institutional equity and fixed income markets, of
eSpeed, Inc.,a trusted provider of electronic marketplaces, and of BGC
Partners, Inc., a leading inter-dealer broker, Howard Lutnick offers a unique
perspective on developments and trends in the global capital markets.
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Electronic Trading: Then and Now
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Matthew F. Andresen
President, Citadel Execution Services
Citadel Investment Group, L.L.C.
www.citadelgroup.com
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Mr. Andresen will speak about
the development of the electronic equity and option markets, the changes in the
buy- and sell-side trading environments, and the
evolution of the Exchange
world.
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Emerging Technologies Poised To
Revolutionize The Financial Markets
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William M. Zeitler
Senior Vice President and Group
Executive
IBM Systems and Technology Group
www.ibm.com
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Mr. Zeitler will reveal the
most innovative technologies available today and the work underway at IBM Research. He will also discuss why the financial
markets need to pay heed to a new generation of networks, high-performance
architectures, wireless devices and energy-efficient computing solutions.
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4:00 – 6:00 p.m.
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Exhibit Hall Reception
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Wednesday, June 20, 2007
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Press Room
2nd Floor Promenade
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7:30 – 8:00 a.m.
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Continental Breakfast
Trianon Ballroom Foyer, 3rd Floor
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8:00 – 9:30 a.m.
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General Session
Trianon Ballroom, 3rd Floor
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What's your Reputation Worth?
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David Rand
Chief Technology Officer, Internet Content
Security
Trend Micro Incorporated
www.trendmicro.com
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The financial services industry
is well aware of the effect any security-related breach of sensitive data can
have on a company's reputation. Mr. Rand, will describe the many ways
in which hackers are quietly infiltrating corporate security defenses while
providing a sense of just how big this problem has become. He will also
highlight new ways in which corporate IT professionals can better deal with
these targeted attacks.
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NYSE EURONEXT — Many Changes
Continue
To Take Place
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Duncan L. Niederauer
President & Co Chief Operating
Officer
NYSE EURONEXT
www.nyse.com
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Having just come over from
Goldman Sachs, Mr. Niederauer knows what the industry needs from NYSE
EURONEXT. He will detail the
changes that have already taken place and what's on the horizon.
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9:30 – 9:45 a.m.
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Refreshment Break
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9:45 – 10:45 a.m.
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Concurrent Workshops – Round 1
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The following 60-minute
workshops will be conducted twice, enabling Conference registrants to attend
any two of their choosing.
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*Note To Editors/Reporters:
Most workshops are open to the media, but comments by participants are
considered to be not-for-attribution to individuals or firms. Reporters are welcome to ask participants
to put their specific comments on the record after the session.
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• Reg
NMS Update — Countdown to Pilot Phase
Clinton Suite, 2nd Floor
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Celia Chao
Assistant Vice President
Deutsche Bank
www.db.com
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Thomas J. Jordan
President & CEO
Jordan & Jordan
www.jandj.com
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James Vassak
Vice President - Equities
Technology
Lehman Brothers
www.lehman.com
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With the Pilot Phase less than
20 days away (start date July 9), the panelists will discuss how they expect
to implement their Reg NMS functionality. Complying with Reg NMS from a data
handling, order routing, trading and back office perspective will be
covered. Learn about the challenges of managing implementation across
trading strategies – best bid routing, algos, block trading, VWAP - including
the use of exemptions. Experiences during Trading Phase with ISO
routing and self-help will also be discussed.
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• Application
Development Performance Management System
Madison Suite, 2nd
Floor
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Mark Abbott
Vice President Product Planning
& Development
Raymond James Financial, Inc.
www.raymondjames.com
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Lev Lesokhin
Vice President of Worldwide
Marketing
CAST
www.castsoftware.com
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The manager in charge of
information systems at today’s securities firm is faced with demands for
increased agility and more stability at the same time. New products and
trading techniques render the systems landscape ever more complex, while
growing regulatory requirements impose compliance and risk-management
strategies. This session will focus on how leaders in financial IT have
met these challenges by introducing new management techniques into their
organization. Professionalizing their approach to applications
delivery, they have been able achieve greater leverage and flexibility from
their resources, deliver more robust and secure systems, and become a better
partner to the business. Learn about automated solutions to continually
assess and monitor application quality, objectively measure the output of the
application delivery organization, and provide the means to lower maintenance
costs. Turn your delivery organization into a software factory
to successfully deliver robust systems to the business.
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• The
Complexities of Managing Software Licenses
Petit Trianon, 3rd
Floor
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Ernest R. Smith
Vice President, Division
Information Officer
H&R Block Financial Advisors Inc
www.hrblock.com
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Patricia M. Cicala
CEO & President
Cicala & Associates LLC
www.cicalaonline.com
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Thomas Kelly
Chief Procurement Officer
Wachovia
www.wachovia.com
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Michele MacLeod
Principal Consultant
CS Technology, Inc.
www.cstechnology.com
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The management of software
licenses is a discipline that touches all areas of an organization’s infrastructure. Done
incorrectly, it's inefficient and can be very expensive (hundreds of millions
of dollars can be wasted at a big firm). This workshop will take
participants through the steps of a “real life” software management dilemma that
was converted into a software license management program.
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• Software-As-A-Service Coming
of Age in Financial
Services
Mercury Ballroom, 3rd
Floor
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Peter Coffee
Director, Platform Research
Salesforce.com
www.salesforce.com
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Hitesh Vora
Manager, Branch Sales &
Surveillance Technology
TD Ameritrade
www.tdameritrade.com
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Software-as-a-service (SaaS)
has become an enterprise class competitive advantage. This transformation has
come on fast - a 2006 CIO survey by McKinsey & Company indicates 61% of
enterprise CIO's plan to adopt SaaS, a significant increase from the 38% in
2005. This session will address why SaaS allows Financial Services
firms to focus on innovation, not infrastructure. It will also address
a case study on how one firm has leveraged SaaS to transform their
business and aid in the integration of their two merged-companies technology
environments.
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• Technology
Regulations Update
Rendezvous Trianon, 3rd
Floor
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Melissa MacGregor
Assistant Vice President and
Assistant General Counsel
Securities Industry and Financial
Markets Association
www.sifma.org
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Gregory Babyak
Counsel/Head of Government Affairs
Bloomberg Tradebook LLC
www.bloomberg.net
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Sylvia Khatcherian
Managing Director
Morgan Stanley
www.morganstanley.com
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Nikki E. Procopio
Director, Senior Regional
Compliance Advisor
Deutsche Bank Americas
www.db.com
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John Squires
Chief Intellectual Property
Counsel
The Goldman Sachs Group, Inc.
www.gs.com
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In this session
you will hear about recently proposed revisions to laws
and regulations affecting securities technology, as well as
substantive changes proposed by SIFMA. Topics will include:
Electronic Communications & Records Regulation, Outsourcing, Market
Data, and Patent Reform.
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11:00 a.m. - Noon
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Concurrent Workshops – Round 2
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The above workshops will be
conducted a second time to enable Conference registrants to attend any two of
their choosing.
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Noon – 2:00 p.m.
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Afternoon Refreshments in Exhibit
Hall
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Noon – 1:30 p.m.
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Luncheon Meeting
Trianon Ballroom, 3rd
Floor
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Thomas Malone
Professor of Information Systems
MIT Sloan School of Management
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Thomas Malone is Professor of Information Systems at
MIT’s Sloan School of Management. He is also the founding director of MIT’s Center
for Collective Intelligence (CCI). Mr. Malone is a published author and
co-founder of 3 software companies and holds a Ph.D. from Stanford
University.
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1:45 – 2:45 p.m.
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Concurrent Workshops – Round 1
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The following 60-minute
workshops will be conducted twice, enabling Conference registrants to attend
any two of their choosing.
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• The New Era of
Supercomputing: Insights From the National Labs to Wall Street
Mercury Ballroom, 3rd
Floor
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Rebecca Barfknecht
Senior Vice President and CTO
Charles Schwab & Co. Inc.
www.schwab.com
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John Morrison
HPC Division Executive
Los Alamos National Laboratory
www.lanl.gov
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David
Turek
Vice President, Deep Computing
IBM Systems & Technology Group
www.ibm.com
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A few short years ago the top
500 supercomputer list included no financial services firms. Today, 45 of the top 500 supercomputers
are run by financial services institutions.
What is behind this movement and how can financial institutions take
advantage of supercomputing for competitive gain? In this session you will hear scientists from a world-renowned
research facility and operator of 21 of the world's fastest supercomputers,
share insights based on their experience in implementing the next generation
of supercomputers based on hybrid computing and new programming models. In addition, you will hear from the
developer of the world's most powerful supercomputer, about the state of
supercomputing on Wall Street and how to leverage next generation
technologies to model complex structured portfolios, trading and risk
management.
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• Data
Center Efficiency
Petit Trianon, 3rd
Floor
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Neal Goldstein
Executive Director, Infrastructure Prime,
Global Equities/Debt Capital
Markets/Investment Banking
CIBC World Markets
www.cibc.com
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James Dow
Principal, Chief Technology
Officer
CS Technology, Inc.
www.cstechnology.com
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Julius Neudorfer
Director of Network Services
North American Access Technologies,
Inc.
www.naat.com
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In this session, the underlying
infrastructure components of the data center will be discussed
including: UPS power distribution, cooling, and the various
costs of running them and energy efficiencies of different
technologies available today as well as how they are optimized. It
also will cover the impact of some of the emerging technologies such as blade
servers, multi-core processors and virtual machines, on the data center
infrastructure.
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• Streaming
Messaging Systems Architecture: Problems & Solutions
Madison Suite, 2nd
Floor
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Kevin Lupowitz
Chief Technology Officer
Liquidnet, Inc.
www.liquidnet.com
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Bob Van Valzah
Director, Integration and
Consulting
29West, Inc.
www.29west.com
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Problems like latency spikes,
lost messages, disconnects, stale market data, poor scaling, and unfair
delivery often afflict streaming messaging systems. Many of these problems
can be traced back to messaging system architecture or configuration. This
session will look at the three big decisions in messaging system
architecture. The alternatives will be presented with the pros and cons of
each. Topics will include setting the pace of messaging, where messages are
copied, and where messages are filtered as well as advice on designing
and operating problem-free systems.
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• The
Applicability of IT Service Management/IT
Infrastructure Library (ITIL) to
Financial Services
Clinton Suite, 2nd
Floor
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Jacob Granek
Managing Director
Depository Trust & Clearing
Corporation
www.dtcc.com
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John DelRe
Vice President & Service
Delivery Manager
Deutsche Bank
www.db.com
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Christopher Lord
Vice President - IT Service
Management
Depository Trust & Clearing
Corporation
www.dtcc.com
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David Mainville
Executive Vice President
Consulting Portal Inc.
www.cportalinc.com
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Ralph Quartiano
Executive Director
Morgan Stanley
www.morganstanley.com
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ITSM/ITIL are increasingly
recognized as having strategic benefit to the business. More and more financial service
organizations are investing in ITSM/ITIL initiatives. Senior Management is getting involved,
training programs are being put in place, programs are being launched and
supporting tools are being deployed.
This session looks at how financial service organizations are deriving
benefits from these popular frameworks and will show how these organizations
are reaping the benefits of ITSM/ITIL and positioning themselves for true
Business Service Management (BSM).
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• Capacity
Planning
Rendezvous Trianon, 3rd
Floor
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Manisha Kimmel
Executive Director
Financial Information Forum
www.fif.com
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Ken Brady
Executive Director & COO
Morgan Stanley & Co. Incorporated
www.morganstanley.com
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Carolyn Mitchell
First
Vice President
The
Options Clearing Corporation
www.theocc.com
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Eric Stockland
Director,
NYSE Arca Options
NYSE
Euronext
www.nyse.com
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Unprecedented events in the
securities industry are having a dramatic impact on how firms approach market
data capacity. This panel will discuss the implications of automated
listed trading, Reg NMS, the options penny pricing pilot and increased
volatility due to algorithmic trading. Implementation alternatives
including the use of direct feeds and low latency environments will be
covered.
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3:00 – 4:00 p.m.
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Concurrent Workshops – Round 2
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All of the above workshops will
be conducted a second time to enable Conference registrants to attend any two
of their choosing.
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4:00 – 6:00 p.m.
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Exhibit Hall Reception
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Thursday, June 21, 2007
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Press Room
2nd Floor Promenade
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8:30 – 9:00 a.m.
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Continental Breakfast
Trianon Ballroom Foyer, 3rd Floor
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8.45 – 11:30 a.m.
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Closing General Session
Trianon Ballroom, 3rd Floor
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Liquidity Management – Driving
Advanced Execution Past Algorithms
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Larry Tabb
Founder & CEO
TABB Group
www.tabbgroup.com
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The advances in electronic
execution over the last few years have been mind boggling. We have provided the buy-side with direct
market access, algorithms, crossing engines and advanced routing tools to
glue together fragmented markets.
However, is that all that’s needed?
No, there is significantly more to do. Besides moving across asset
classes and geographies financial markets firms need to take a strategic look
at their execution business and determine how does all of this technology
work together to provide customers with a better more holistic way to source
liquidity. It is not just about
providing clients with a set of disparate tools and a phone to ask for
capital, the game will migrate to Liquidity Management and the ability to
create more seamless trading workflows, risk management, and more
sophisticated liquidity sourcing tools to take much of the guess work out of
how orders are handled, where orders are routed, how liquidity is sourced and
when and what price capital is provided.
This talk will discuss the ideas of liquidity management and how some
of these concepts are beginning to take shape.
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Seismic Shift: The Ubiquity of Broadband Networks
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Sir Terence Matthews
Chairman
Wesley Clover
www.wesleyclover.com
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Mr. Matthews has
successfully launched more than 60 companies during his career among these
are Mitel and Newbridge Networks. Mr. Matthews will offer his
perspective on the intersection of technology and opportunity, the rise of
emerging markets and the significance of current tech trends and what this
all means for the global securities markets and its participants.
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Electronic Trading Services: How to Win the Buy-Side Client
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Julio Gomez
Global Head of Research
Financial Insights
www.financial-insights.com
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As the battle for order flow
continues, firms are engaging at the point of customer order entry,
management, execution, and analysis with tools and capabilities designed to
encompass an ever diverse and comprehensive set of trading activities. This arms race has led sell-side firms to
develop robust offerings of integrated systems with open platforms billed as
turn-key trading solutions for the buy-side.
This session will unveil research findings that show how the winning
offerings are gaining market share, including:
the importance on multi-asset class capabilities, the importance of perceived
neutrality of offerings and the future evolution of this strategic market.
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11:30 a.m.
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Conference Adjournment
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SIFMA's
Technology Management Committee would also like to thank the following for
their support of the Technology Management Conference & Exhibit:
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