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