P&L Forex Network New York 2012

PROFIT & LOSS

EVENTS

2012

PROFIT & LOSS

FOREX NETWORK NEW YORK 2012

NEW YORK, MAY 31, 2012

PROFIT & LOSS

EVENTS

2012

CONFERENCE INFORMATION:

Profit & Loss Forex Network New York 2012

Date: May 31, 2012

Location: Crowne Plaza, Times Square, 1605 Broadway, New York, NY __________

Event Organiser: P&L Services Ltd.

London Tel: +44 20 7377 6383

New York Tel: +1 646 290 5255

info@profit-loss.com

www.profit-loss.com

facebook.com/profitandloss __________

PROFIT & LOSS FOREX NETWORK NEW YORK

Sponsors: Platinum Sponsors:

Gold Sponsors:

Silver Sponsors:

Supporting Exhibitors

Event Exhibitors:

Event Sponsors:

Breakfast Session - sponsored by Caplin Systems:

“Evolving Platform Technology & New Markets”

Caplin Systemsʼ sponsored breakfast session featured, (L-R): Raj Iyer, VP, Global Markets Product Management, BNY Mellon Global Markets • Thomas Lo, Founder and CEO, Financialogix Group • Jose Cadalzo, US General Manager, Caplin Systems • Moderator: Colin Lambert, Editor, Profit & Loss

“Update from Washington”

Mike Gill, Senior Policy Advisor, Crowell & Moring

Panel 1: Global Positioning: How can the US protect its position in global foreign exchange markets?

L-R: Thomas Farley, President, ICE Futures US • Christopher Ferreri, Chairman, The Wholesale Markets Brokers' Association Americas, and Managing Director, ICAP North America • Tom Rogers, Community Manager Americas, Marketplaces, Thomson Reuters

Will Dodd-Frank Radically Alter FX? Five years from now, FX trading could be radically altered by DoddFrank contended panellist Tom Farley, xx of ICE Futures US at Profit & Loss Forex Network NYC 2012. According to Farley, spot, forwards and swaps will move to central clearing; there will be significantly more FX futures trading than there is today; and the average tenor of trades will increase significantly, he said.

Fellow panellists Chris Ferreri, chairman of the Wholesale Markets Brokersʼ Association Americas and Tom Rogers, community manager at Thomson Reuters, disagreed with some of those assumptions, questioning the value of centralising risk into fewer clearing house buckets.

Watch the video: http://www.profit-loss.com/?q=node/25236

The Profit & Loss Debate: “Fragmentation and future liquidity”

Colin Lambert, Editor, Profit & Loss James Sinclair, CEO & Co-Founder, MarketFactory, Inc.

Fragmentation and future liquidity were the topics for debate between P&Lʼs own Colin Lambert and founding CEO of MarketFactory, James Sinclair, at Profit & Loss Forex Network NYC 2012. Set against the backdrop of the FX industryʼs long history of innovation, Lambert and Sinclair voiced their opinions about the new platforms entering the market, as well as the impact of further fragmentation. Although the pair differed on the future evolution of the industry, one point of general agreement was that while regulation could cause changes in trading, it wonʼt stop the marketʼs growth.

Watch the video: http://www.profit-loss.com/?q=node/25230

Panel 2: Gateway to the “New” World

Nick Dyne, Co-Head MarkitSERV FX, MarkitSERV • Bradley Seelig, Head of FX PB, Americas, Deutsche Bank • Nick Solinger, Chief Marketing Officer, Traiana Inc • Gavin Wells, CEO, ForexClear, LCH.Clearnet

Differentiation a Challenge in Face of Clearing Will consolidation around clearing change which banks dominate in execution? That question was posed to panellists at Profit & Loss Forex Network NYC 2012. Brad Seelig of Deutsche Bank suggested the industry will respond with new services to differentiate themselves though collateral transformation, execution tools and cash management. Fellow panellist Nick Dyne of MarkitServ warned that many market participants still don始t realise how quickly they need to act, claiming there is a complacency about how much work needs to be done.

Watch the video: http://www.profit-loss.com/?q=node/25235

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The Profit & Loss Interview: Agency vs Principal

Ray Kamrath, Chairman & CEO, Founding Partner, Faros Trading LLC Tom Parry, FX quant trader, Bank of America Merrill Lynch

In an interview with Ray Kamrath, CEO of Faros Trading, and Tom Parry, FX quant trader at Bank of America Merrill Lynch, at Profit & Loss Forex Network NYC 2012, the pair discussed the future of liquidity provision and the crucial role FXPB is likely to play in the future.

Watch the video: http://www.profit-loss.com/?q=node/25240

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PROFIT & LOSS

EVENTS

2012

standing room only...

Profit & Loss Forex Network New York 2012

Upcoming events in 2012: Forex Network Chicago 2012 - September 27-28 Forex Network Chile 2012 - Santiago, October 23 Forex Network Brazil 2012 - Sao Paolo, October 25 Forex Network Canada 2012 - Toronto, November 15 For more information, Tel: +44 (0)20 7377 6984 email: cloveday@profit-loss.com

www.profit-loss.com

Panel 3: Making Markets in an Electronic World

L-R:Simon Jones, Global Head of FX eTrading, Citi • Chris Concannon, Partner, Virtu Financial • Peter Atkinson, Head of FX Products Management, smartTrade • Christopher Purves, Managing Director – Global Head of FX E-Trading, UBS

Is spread compression the biggest challenge the industry faces?

At Profit & Loss Forex Network NYC 2012, panellist Chris Concannon, CEO at Virtu Financial, asked whether, as spreads continue to compress, is the future of market making about who can make spreads and turn a profit at the same time, or is it a question of making spreads and customised liquidity? Fellow panellist John Crouch of Credit Suisse, argued that internalisation provided an opportunity, while counterpart Chris Purves of UBS argued that there is a case against consoliating all of a bankʼs liquidity internally.

Watch the video: http://www.profit-loss.com/?q=node/25237

FX Insights Videos Watch Forex Network New York videos at profit-loss.com

London 2012: Chip Lowry

New York City 2012: Colin Lambert and James Sinclair

Videos from previous events online now: P&L Forex Network London 2012 P&L Forex Network Asia 2012, Singapore P&L Forex Network Chicago 2011 P&L FX High Frequency Workshop Chicago

www.profit-loss.com/?q=forex/videos

Singapore, Asia 2012: Moh Siong Sim and David Clark

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Panel 4: Derivatives: The Road Ahead

L-R: Mark Schlater, Managing Director, FX & PM Derivatives, UBS Investment Bank • Paul Millward, Head of FX Technology, GFI Group • Craig LeVeille, Executive Director, FX Products, CME Group

FX Options – Biggest Area of Fragmentation?

With as many as 17 new venues for the FX options market currently in the works, volume growth for the industry went under the microscope at Profit & Loss Forex Network NYC 2012. Increases in speculative flows, smaller mid-tier funds, corporations increasing hedging activities and regulations will all work to increase volumes in the FX options maket, said Paul Millward at GFI Group. Fellow panellists all agreed that no matter what the future holds, electronically traded options will be the big driver for change.

Watch the video: http://www.profit-loss.com/?q=node/25238

Panel 5: SEFs, ECNs and Other Acronyms

L-R: Ed Brown, EVP of Business Development & Research, ICAP • Matt OʼHara, Senior Vice President, Global Head of Business Operations, Marketplaces, Thomson Reuters • James Kwiatkowski, Global Head of Sales, FXall • John Miesner, Managing Director, Knight Hotspot FX

What challenges will the increasing number of trading venues coming into the FX market pose to existing industry players?

Will the future of the platform world be about scale?

Panellists at Profit & Loss Forex Network NYC 2012 sought to predict the future of the industry, as well as the scene if the expected FX exemption does not materialise.

Watch the video: http://www.profit-loss.com/?q=node/25239

The Profit & Loss Forex Network Technology Trade Show

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New York Exhibitors: Progress Software IPC SmartTrade Technologies 360 Trading Networks, Inc. MarketFactory Traiana LCH Clearnet Dow Jones FXall Bank of America Merrill Lynch Hotspot FX FXecosystem Currenex/FXConnect GFI First Derivatives Credit Suisse Thomson Reuters CME Group MarkitSERV ICAP DealHub RBS Gain GTX Two Four

PROFIT & LOSS

EVENTS

2012

SINGAPORE

BOGOTA

MEXICO CITY

LONDON

NEW YORK

CHICAGO

SANTIAGO

SAO PAOLO

TORONTO

PROFIT & LOSS FOREX NETWORK CONFERENCES 2012 Join Profit & Loss at our series of global Forex Network Conferences and events; Enjoy interactive panel discussions and networking opportunities with leading international and local industry leaders; Visit our world class FX technology trade shows.

Forex Network Asia 2012 Forex Network Colombia 2012 Forex Network Mexico 2012 Forex Network London 2012 Forex Network New York 2012 Forex Network Chicago 2012 Forex Network Chile 2012 Forex Network Brazil 2012 Forex Network Canada 2012

in association with ACI Singapore

(with P&L Digital FX Awards Dinner) (with P&L Readers始 Choice Digital Markets Awards Dinner)

in association with FMAC

Singapore, February 16 Bogota, March 27 Mexico City, March 29 London, April 18 New York, May 31 Chicago, September 27-28 Santiago, October 23 Sao Paolo, October 25 Toronto, November 15

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PROFIT & LOSS IN THE CURRENCY & DERIVATIVE MARKETS

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