Agenda
8:45 – 9:15 Arrival and breakfast
9:15 – 9:30 Keynote 1: Claudia Trauffler, head of capital markets, HM Treasury
9:30– 9:45 Keynote 2: Stephen Hanks, manager, markets policy, FCA
9:45 – 10:30 Panel 1
10:30 – 10:45 Keynote 3: Dr Robert Barnes, group head of securities trading & CEO, Turquoise 
10:45 – 11:00 Coffee and networking break 
11:00 – 11:45 Panel 2
11:45 – 12:30 Panel 3
12:30 – 12:45 Closing remarks: Laurie McAughtry, managing editor, The TRADE
1:00 – 2:00 Lunch

Panel 1 (9.45-10.30am)
Equity market structure: Regulatory Divergence Between the UK and EU

  • Parallel divergence – competition or cooperation?
  • Differences between UK approach and EU updates
  • Key equity issues:
    • Transparency changes, dark trading restrictions, lit market changes
    • PFOF
    • SI regime – What is the latest in the UK and the EU?
  • Key fixed income issues:
    • The scope of transparency
    • The review of deferrals
    • Would a divergence in transparency regimes have an impact on the market?
  • What does divergence mean for participants?
  • What are the consequences of the EU’s approach in terms of market structure?
  • Could multilateral trading in the UK reach a level where the price formation process is damaged, and what is that level?

Moderator: 
Anish Puaar, head of European market structure, Rosenblatt Securities

Speakers: 

  • Matt Coupe, director of market structure EMEA, Barclays
  • Tom Stenhouse, securities trading head of product and head of LSE trading, LSEG
  • Virginie Saade, head of government & regulatory policy, Europe
  • Ben Smith, head of trading, Independent Franchise Partners

Panel 2 (11.00-11.45am)
Consolidated tape: Can it be the one?

  • Has the proposal addressed the shortcomings of the previous framework?
  • What would the EU CT allow users to do that current data offering do not?
  • Will you be a user of the tape and what for?
  • Are UK markets as fragmented and less transparent to require a UK CT?
  • What data gaps are we trying to address in the EU and the UK?
  • Cost to retail users , how cheap does it need to be?
  • What are the technical aspects and issues that need to be addressed?

Moderator: 
Jonathan Herbst, global head of financial services regulation, Norton Rose Fulbright

Speakers:

  • Gareth Exton, head of execution & quantitative services, Liquidnet
  • Irina Sonich-Bright, head of product management, global execution services, Credit Suisse
  • Adam Jackson, VP public policy group, BlackRock
  • Simon Youdan, head of real time data, Refinitiv

Panel 3 (11.45-12.30pm)
Is your data good enough? Why regulators are paying increasing attention to quality

  • Why are regulators prioritising Mifid II data quality? What do firms need to be aware of? Can we expect to see any enforcement activity?
  • What key challenges are firms facing when it comes to accurate data and high quality regulatory reporting? How can they overcome them?
  • What competitive advantages can firms capitalise on if they take a ‘data-first’ mindset to regulatory reporting?

Moderator:
David Nowell, non-executive director/board member, KOR Financial

Speakers:

  • Matthew Vincent, director, regulatory reporting strategy, UnaVista
  • Virginie O’Shea, CEO and founder of consultancy, Firebrand Research
  • Stephen Collie, head of sales engineering, FINBOURNE Technology