06 - 08 November, 2018
Beurs van Berlage, Amsterdam
44(0) 207 368 9540
Director, Market Structure and MiFID II strategy & regulatory response
12:20 PM All Star Panel: Taking the first steps towards a transparent market- How can you use multiple market data sources for critical pre, execution and post trade insights?
Ø Accessing data pools- How can you ensure you are accessing the right sources and paying the right prices when capturing fixed income data?
Ø Harvesting data- How can you best store and package data in a way that it is easily accessible for your traders?
Ø Intelligent execution- How can you adopt new data sources and electronic trading data to decide your execution path?
Ø The value-add- How can you utilise new data sources and turn this into meaningful pre and post-trade analysis to aid your investment decisions?
The next steps on your transparency journey- How can market data access be improved and sources standardised to improve efficiencies for all market participants?
2:20 PM Case Study: Lessons learned from TRACE- How have Alliance Bernstein managed to increase pre and post trade transparency data in the US and what experiences can be applied to Europe
Ø Analysing the effects of increased pre and post trade transparency through TRACE- How did this impact transaction costs, market activity and liquidity and how does Europe compare?
Ø A review of the historical experience in the US of market data and transparency- What could this mean for the potential costs and benefits for Europe?
Ø The drivers for data- How does the landscape differ in the US and how can the buy side use these new data feeds to enhance execution performance?
Applicable lessons from TRACE- How can you use increased market data feeds and transparency to your advantage?
4:30 PM Oxford Style Debate: True or False: The current characteristics of the market means a dominant form of all-to-all trading will not materialise
Ø Assessing the use cases for and against all-to-all- With so many new entrants why has all-to-all trading not grown as expected in corporate bond markets?
Ø Is the traditional RFQ model still the most reliable and efficient way to execute corporate bonds?
Ø Is there a behavioural issue with the buy side that needs to evolve in terms of taking on more of a market making role?
Ø What protocol is best suited to price discovery, liquidity access and negotiation on the trade?
Fragmented European market structure- Are all-to-all protocols better suited to US fixed income markets?