Expo 2018 Program
Opening Reception at the City Winery
place City Winery
Let's uncork Expo with a bang! Come join business associates, colleagues and friends at the City Winery.
An RSVP is not necessary, however you must be pre-registered for Expo under a qualified* registration category before Friday, October 12 in order to appear on the guest list. Walk-ups will only be accommodated on space-available basis.
*Qualified registration categories include: Speakers, Press, Board, Full Conference, Single Day and Trade Show Plus. NOTE: Trade Show Only delegates must upgrade to Trade Show Plus to attend.
Getting there:
Transportation will NOT be provided. City Winery is located three blocks from the Morgan stop on the "L" at the corner of W Racine and W Randolph. Valet parking is available at the restaurant for $13 per car, or $5 if you are a VinoFile member.
City Winery
1200 W Randolph St.
Chicago, IL 60607
Google Map
Registration Opens
Opening Remarks equalizer
Grand Ballroom
person speaker:
President & Chief Executive Officer
FIA
equalizer Media:
CFTC Keynote Address equalizer
Grand Ballroom
CFTC Chairman Christopher Giancarlo was sworn in as a CFTC Commissioner in 2014 and confirmed as Chairman in August 2017. Before entering public serivce, Chairman Giancarlo served as the Executive Vice President of GFI Group Inc. Prior to that, he was Executive Vice President and U.S. Legal Counsel of Fenics Software and was a corporate partner in the New York law firm of Brown Raysman Millstein Felder & Steiner. Chairman Giancarlo’s keynote address will provide an overview of the regulatory agenda for listed and cleared derivatives markets in the U.S. and global regulatory landscape.
person speaker:
Chairman
Commodity Futures Trading Commission
equalizer Media:
Exchanges: Building for a Future of Growth and Innovation equalizer
Grand Ballroom
2018 has seen a significant increase in activity among the world’s major exchanges with a return of volatility. Exchange leaders will discuss their challenges and opportunities and how to build a sustainable future for listed derivatives markets.
person chair:
Global Head of Citi Futures, Clearing & Collateral
Citigroup Global Markets
people speakers:
Chairman & Chief Executive Officer
CME Group
Chief Executive Officer
Eurex
President & Chief Executive Officer
Nasdaq
Chief Executive Officer
Hong Kong Exchanges and Clearing Limited
Chairman & Chief Executive Officer
Intercontinental Exchange
Chairman, President, & Chief Executive Officer
Cboe Global Markets
equalizer Media:
Exhibits Hall Opens
place Lower Level, Trade Show Floor - Green /Blue/ Silver Exhibit Halls
Networking Break
Continental Foyer, Lobby Level
Shattering the Glass Ceiling equalizer
L&C: U.S. Law & Compliance Hot Topics equalizer
Meet the Innovators
Continental A
2018 saw the appointment of the first female head of the New York Stock Exchange in its 226 year history marking an additional milestone for the continued rise of women in what has traditionally been a male dominated environment. This panel will hear from those who are leading the way to a more diversified environment for the listed and cleared derivatives industry and their outlook for the future.
person chair:
Senior Vice President & General Counsel
FIA
people speakers:
Chief of Staff
CQG
Head of Equity Options Trading
IMC
Chief Operating Officer
CME Group
President & Chief Operating Officer
ICE Data Services
Board Member, Eventus Systems,
and Former President, Clearing and Post-Trade Services, CME Group
equalizer Media:
Continental B
1.25 hours CLE Credits Available
What issues have been keeping the FIA L&C Division busy this year? This session will highlight the various projects legal and compliance professionals within FIA members firms have worked on for the industry in 2018. FCM, law firm and other panelists will discuss the latest developments in AML requirements, recent revisions to the CCO requirements, the proposed de minimis rule, as well as developments in exchange rules and NFA Disclosures.
person chair:
Executive Vice President, Chief Compliance Officer & Regulatory Counsel
Rosenthal Collins Group
people speakers:
Of Counsel
Winston & Strawn
Assistant General Counsel
Intercontinental Exchange
Executive Director, Compliance
Mizuho Securities USA
Manager, Rules & Regulatory Outreach
CME Group
Partner
Foley & Lardner
equalizer Media:
Continental C
Five fintech startups, selected from the FIA Innovators Pavilion, will present their products to a panel of judges and compete to win an award from FIA. Each firm will have just five minutes to describe the main features of their products and explain their relevance to the derivatives markets, and then answer questions from our panel of expert judges. The FIA Innovators Pavilion is a special feature of FIA Expo dedicated to showcasing new technology.
person chair:
President
XR Trading
people Judges:
Managing Director, Global Head of Client Solutions & Technology Strategy, F&O and OTC Clearing
Bank of America Merrill Lynch
Global Head of Information Solutions
Cboe Global Markets
President & Chief Executive Officer
Geneva Trading
Chief Commercial Officer
ABN AMRO Clearing
Vice President
NEXT Investors
Partner
Outlier Ventures
people Innovators:
President
DrawBridge Lending
Vice President, Sales and Channels, Americas
Tookitaki
President & Chief Operating Officer
MSR Indices
Chief Executive Officer & Founder
FreightWaves
Chief Executive Officer
iComply Investor Services
Keynote Lunch
Grand Ballroom
Jeremy Heimans is the co-founder and CEO of Purpose, an organization headquartered in New York that builds and supports social movements for a more open, just, and habitable world. He is the co-founder of GetUp!, an Australian political organization with more members than all of Australia's political parties combined, as well as Avaaz, the world’s largest online citizens’ movement, now with more than 47 million members worldwide. He has been named one of Fast Company’s Most Creative People in Business and received the Ford Foundation's 75th anniversary Visionary Award. With Henry Timms, Jeremy is co-author of the 2018 book NEW POWER: How Power Works in Our Hyperconnected World--and How to Make It Work for You, praised by David Brooks, Richard Branson, Jane Goodall, Alicia Garza, Russell Brand, and more. Their thinking on “new power” was featured as the Big Idea in Harvard Business Review, as one of 2014’s top TED talks with over 1.4 million views, and by CNN as one of the Top Ten Ideas to Change the World in 2015.
person speaker:
Co-Author, NEW POWER: How Power Works in Our Hyperconnected World--and How to Make It Work for You
Preparing CCPs for a New Regulatory Reality
L&C: The Impact of EU Regulation on U.S. Markets equalizer
Entrants, Exits and Consolidation: The Ever-Changing Derivatives Landscape
InfoXchange: Huatai Futures
Continental A
Recently, global standard setting bodies have identified concerns relating to the reliability of porting, CCP interdependencies and concentration of clearing members. Panelists will debate whether these concerns are legitimate and, if so, what the industry, policymakers and regulators can do to lessen the concerns. They will additionally consider whether Brexit will impact the clearing ecosystem and whether it will intensify these global regulatory issues.
person chair:
Senior Vice President, Global Policy
FIA
people speakers:
Managing Director & Chief Risk Officer
CME Group
Executive Vice President & Chief Risk Officer
OCC
Senior Vice President & Portfolio Risk Manager
PIMCO
Chief Strategy Officer & Member of the Executive Board
Eurex Clearing
Assistant Director & Section Chief, Quantitative Risk Analysis
Federal Reserve Board
Managing Director & Global Head of OTC Clearing
Citigroup Global Markets
Continental B
1.25 hours CLE Credits Available
A lot is happening across the Atlantic that will impact businesses in Chicago and elsewhere in the U.S. This panel will discuss a variety of European regulations and issues that are currently or imminently impacting U.S. market participants. Topics discussed will include Brexit, GDPR, CCP equivalence discussions and CFTC Part 30 developments.
person chair:
Managing Director
The Global Capital Group
people speakers:
Vice President & Associate General Counsel
ABN AMRO Clearing Chicago
Partner
Katten Muchin Rosenman UK
Partner
Allen and Overy
Executive Director, Global Markets Legal Department
Nomura
Assistant General Counsel
FIA
equalizer Media:
Continental C
The last few years have seen many changes in the cleared derivatives industry. A few FCMs have left the business, and a few new ones have joined. Firms are becoming swap dealers, and emergent companies are looking at how new technology may disrupt the industry. Products have been launched that bring new participants to the market and cause incumbents to reevaluate their processes for trading and clearing. Technology providers have consolidated, leading to vertical integration between front office and back office technology. These are just some of the trends that have occurred recently – but what do they mean for the health of the industry?
person chair:
Managing Director, Global Head of Client Solutions & Technology Strategy, F&O and OTC Clearing
Bank of America Merrill Lynch
people speakers:
Director, Prime Derivatives Client Solutions
Credit Suisse
Head of Trade and Portfolio Management
NEX Optimisation
Managing Director, Head of Futures Execution and Co-Head of Clearing Sales
Wells Fargo Securities
Global Head of Business Development
Fidessa
President, Americas
Itiviti
Buckingham
Huatai Financial USA Inc. will discuss the internationalization and asset management growth in the China futures market. Opportunities and participation channels for international investors will also be presented. Our speakers will also provide insight into the Chinese markets in the context of the global economy.
Networking Break
Continental Foyer, Lobby Level
Libor Transition: Building Liquidity for the Next Generation of Interest Rate Benchmarks equalizer
L&C: Enforcement Update equalizer
Reinventing Futures for a New Generation
InfoXchange: Orient Futures
Continental A
The reform of Libor and emerging plans to transition to new benchmarks is having significant impact on derivatives markets. With exchanges rolling out products based on these new benchmarks, this panel will consider progress to date and what steps need to be taken to establish liquid listed instruments to reflect the new market structure.
person chair:
Principal, Financial Services Advisory
Ernst & Young
people speakers:
Commissioner
Commodity Futures Trading Commission
Chief Executive Officer
Clarus
Managing Director, Global Head of Interest Rate Products
CME Group
Chairman & Chief Executive Officer
American Financial Exchange
President
ICE Futures Europe
equalizer Media:
Continental B
Listen in as enforcement experts discuss key cases and developments in CFTC, NFA, and exchange enforcement proceedings and investigations. Panelists will draw from current cases to discuss business practices for compliance in today’s enforcement environment.
person chair:
Managing Director & Associate General Counsel
Goldman Sachs
people speakers:
Attorney
Murphy & McGonigle
Chief Trial Attorney
Commodity Futures Trading Commission
Officer
Greensfelder, Hemker & Gale
Associate Director, Enforcement
Commodity Futures Trading Commission
Partner
Allen & Overy
equalizer Media:
Continental C
A new generation of users and investors is shaping the way FCMs, exchanges and technology firms tailor their offerings. This panel will look at the different approaches being adopted to make futures relevant and attractive, including in the areas of education, technology and customer engagement practices.
person chair:
Senior Vice President of Client Relations
CQG
people speakers:
Vice President, Head of Business Development
Phillip Capital
Senior Vice President, Strategic Brokerage Services
TradeStation Securities
Managing Director - Futures & Forex
TD Ameritrade
Vice President - Futures Brokerage
E*TRADE
Buckingham
This panel will discuss the current status of the internationalization of the Chinese futures market and upcoming opportunities for participation. Presenters will also outline the differences between Chinese and overseas regulation in the futures market.
people speakers:
Deputy Manager
Orient Futures
Managing Director
Orient Futures International (Singapore)
Partner
JunHe LLP
Pacific Head of Sales
ABN AMRO Clearing
Director Assistance of the Industry Product Department
Dalian Commodity Exchange
Expert for International Market, Products & Market Department
Shanghai International Energy Exchange
star_border Sponsored by:
Taste of Expo Exhibit Hall Reception
place Lower Level, Trade Show Floor - Green/Blue/Silver Exhibit Halls
The Chicago trading community's must-attend event! Unwind and take advantage of the best networking hours of the year during the annual Taste of Expo! Join us from 4:00 - 6:00 p.m. for drinks and snacks courtesy of the Expo 2018 exhibitors. Find out what everyone is offering on the conference mobile app.
Exhibit Hall Closes
CME Group Reception
Registration Opens
One-on-One with CFTC Commissioner Berkovitz equalizer
Continental A
Dan Berkovitz will join FIA president and CEO Walt Lukken in a fireside chat at his first FIA conference since being sworn in as Commissioner of the Commodity Futures Trading Commission. In addition to learning more about Dan’s background, the Expo audience will also hear the Commissioner share his thoughts on the key developments impacting regulation of derivatives markets in the U.S. and across the globe.
people speakers:
Commissioner
Commodity Futures Trading Commission
President & Chief Executive Officer
FIA
equalizer Media:
Beltway, Brexit, and Beyond equalizer
Digital Assets: The Institutional Investor Perspective equalizer
Meet the Fintech Investors equalizer
QFC, It’s Easy as DO-RE-MI equalizer
Continental A
Listed and cleared derivatives markets are facing potential regulatory change driven by a range of geopolitical developments. This panel of regulatory experts will highlight the key areas of development including the impact of Brexit, the futures of equivalence recognition and cross-border supervision.
person chair:
President & Chief Executive Officer
FIA
people speakers:
President
ICE Futures U.S.
U.S. Country Head, Head of North America Regulatory Strategy & Government Relations
London Stock Exchange Group
Senior Managing Director, Government Relations & Legislative Affairs
CME Group
Senior Advisor
Patomak Global Partners
equalizer Media:
Continental B
While still a relatively new product class, digital assets have drawn the attention of institutional investors looking at how this emerging instrument can fit into their broader strategies. What are the issues preventing greater participation, and how is the market responding?
person chair:
President & Chief Risk Officer
Jump Trading
people speakers:
Chief Executive Officer
Hehmeyer Trading + Investments
Head of Corporate Business Development
Fidelity Investments
Co-Founder & Chief Executive Officer
Omniex
Chief Executive Officer
Bakkt
equalizer Media:
Continental C
Venture capital investors are fueling the growth of fintech through their investments in startups, spinoffs and industry utilities. This panel of experts from venture capital firms focused on fintech in capital markets will discuss the trends they are monitoring, the companies in their portfolios, and the sectors where they see the best potential for successful applications.
person chair:
FinTech Venture Capital & Startup Business Development
Amazon Web Services
people speakers:
Partner
West Loop Ventures
Co-Head
NEXT Investors
Vice President
Jump Capital
Partner
Outlier Ventures
General Partner
Illuminate Financial
Partner
SenaHill Partners
equalizer Media:
Buckingham
Join us for an interactive, plain English explanation of the Prudential Regulators QFC Stay Rule and how it applies to listed and OTC derivatives; or as we like to call it: QFCs for Dummies by Dummies!
people speakers:
Partner
Willkie Farr & Gallagher
Assistant General Counsel
FIA
equalizer Media:
Exhibit Hall Opens
place Lower Level, Trade Show Floor - Green/Blue/Silver Exhibit Halls
John Jacob Ballroom II
Give-Up Agreements: Preparing for Brexit equalizer
Buckingham
A briefing on the new Transfer Protocol, designed to help firms transition execution and clearing businesses triggered by Brexit.
people speakers:
Senior Vice President & General Counsel
FIA
President
FIA Tech
equalizer Media:
Networking Break
Continental Foyer, Lobby Level
A Clear Way Forward equalizer
Digital Assets: The Policy Landscape equalizer
New Frontiers of Data equalizer
Training Workshop: Recordkeeping: Training on Revised Rules equalizer
Continental A
CCPs continue to face evolving regulatory oversight as their crucial role in a robust and stable financial market infrastructure remains in focus. Clearinghouse leaders will share their views on the current landscape and what lied ahead.
person chair:
Senior Policy Advisor, Financial Markets
Federal Reserve Bank of Chicago
people speakers:
President
CME Clearing, CME Group
President & Chief Operating Officer
OCC
Group Chief Operating Officer & Head of North America
LCH
Chief Executive Officer
Eurex Clearing
President & Chief Operating Officer
ICE Clear U.S.
equalizer Media:
Continental B
The past year has seen a dramatic expansion of the digital assets marketplace. But such a novel product has presented regulatory and policymakers with challenges over how best to oversee the innovative product. Panelists will discuss current efforts to provide the most effective regulatory oversight, including self-regulation, the development of a code of conduct, and pending legislation and enforcement.
person chair:
Counsel
Reed Smith
people speakers:
Founder & Principal
Bandman Advisors
Head of Market Structure
DRW Holdings
Commissioner
Commodity Futures Trading Commission
Managing Director & Head of Global Public Policy
DTCC
equalizer Media:
Continental C
How are developments in technology enabling the mining and distribution of new sources of data? This panel will bring together representatives from along that chain, as well as the companies that consume the data for investment decisions and other purposes.
person chair:
Executive Director
FinTech Sandbox
people speakers:
Managing Partner
TradeForecaster Global Markets
Executive Director, Global Data Licensing Services
CME Group
Chief Executive Officer
TellusLabs
Global Head of Connectivity & Feeds
Intercontinental Exchange
Chief Operating Officer
Prattle
equalizer Media:
Buckingham
Imagine that you have received a request from the CFTC or the NFA for records. This session will train session participants on various aspects of recordkeeping including format, retention and accessibility to better prepare you to respond to such an inquiry. What do recently revised CFTC rules (1.31) mean in practice? What are the regulators expecting to see when they conduct an audit? Speakers will use actual experiences in responding to regulatory inquiries to advise participants on best practices for retaining records.
person chair:
Executive Director, F&O and OTC Clearing Compliance
J.P. Morgan
people speakers:
Attorney
Murphy & McGonigle
Enforcement Counsel
Intercontinental Exchange
Senior Director, Market Regulation Department
CME Group
Senior Manager, Investigations
National Futures Association
equalizer Media:
Networking Lunch
Lower Level, Trade Show Floor - Green /Blue/ Silver Exhibit Halls
Swaps Reform: The Story So Far equalizer
Digital Assets: Emerging Derivatives Products equalizer
Open Source and Interoperability on the Trading Desk equalizer
Training Workshop: Training on Exchange Rules equalizer
Continental A
Ten years on from the financial crisis the transformation of the swaps market in the U.S. is being re-examined to assess whether reform has struck the right balance between system safety and stability, and market vibrancy and economic growth. This panel of experts will consider the core areas under review, including swap execution and clearing rules and end user exceptions and how the market has evolved over the past decade.
person chair:
Of Counsel
Covington & Burling
people speakers:
Managing Director, Government & Regulatory Policy
Citadel
Chief Executive Officer
Tradition SEF
Partner
Delta Strategy Group
Chief Executive Officer
Optiver US
Director, Division of Swap Dealer and Intermediary Oversight
Commodity Futures Trading Commission
Director of Global Trading
Eaton Vance
equalizer Media:
Continental B
The first futures contracts were launched on bitcoin late last year. Since then the interest in the potential for derivatives on digital assets has continued unabated. This panel will discuss the emergence of new derivatives contracts, the differences in specifications, the customers using their products and the relationship between cash and futures pricing.
person chair:
Executive Vice President
Wedbush Securities
people speakers:
Product Lead
Coinbase Markets
President
ICE Futures U.S.
Chief Executive Officer
ErisX
Director of Business Development
trueDigital Holdings
Global Head of Equity Products & Alternative Investments
CME Group
Global Head of Cryptocurrencies
Cboe Global Markets
equalizer Media:
Continental C
For many years trading desks have used a wide range of technology that works in isolation. From the sophisticated through to the simple – big data, quantitative models, trading screens, spreadsheets, news feeds, chatrooms, phones and pens – the common factor is the human in the middle. Manual actions consume time and are prone to error. What if these processes could work together seamlessly without human input? How can open source software help systems become interoperable and allow humans to concentrate on providing value?
person chair:
Senior Vice President, Global Industry Operations & Technology
FIA
people speakers:
Chief Executive Officer
QuantConnect
Managing Partner
Blue Trading Systems
Managing Director
Hehmeyer Trading + Investments
Chief Technology Officer
GreenKey Technologies
equalizer Media:
Buckingham
As self-regulatory and membership organizations, exchanges can audit, inquire and discipline their participants. Knowledge of exchange rules, which can change frequently, is critical to a successful compliance and training program. This session will take an in-depth look at areas where additional training makes a difference in how regulators respond to rule violations.
person chair:
Officer
Greensfelder, Hemker & Gale
people speakers:
Head of Client Services
Eurex
Director, Market Regulation
Intercontinental Exchange
Executive Director, Rules & Regulatory Outreach
CME Group
equalizer Media:
Treasury Market Structure equalizer
Digital Assets: The Big Picture equalizer
The Future of the Backoffice
Training Workshop: Algorithmic Trading: Training to Avoid Disrupting Markets equalizer
Continental A
This week marks the four-year anniversary of the Treasury “flash rally” and subsequent joint staff report on the events of that day. Since that event, treasury market structure has continued to evolve. This panel will explore what changes have been made in the areas of regulatory and public reporting, trade execution, and clearing and settlement and assess whether they have kept pace with this market evolution.
person Introductory Keynote:
Deputy Director, Office of Debt Management
U.S. Treasury
person Chair:
Managing Director, Head of Market Structure & Technology Research
Greenwich Associates
people speakers:
Global Head Rates Electronic Sales
Bank of America Merrill Lynch
Head of FICC
Jump Trading
Chief Executive Officer
LiquidityEdge
Managing Director & Head of U.S. Institutional
Tradeweb Markets
Director, Government & Regulatory Policy
Citadel LLC
Group General Counsel
NEX
equalizer Media:
Continental B
A diverse group of industry leaders will discuss the next wave of innovation in the trading of cryptocurrencies and the creation of new business models based on digital assets as we ask the question: where do we go from here?
person chair:
Chief Executive Officer
DRW Trading Group
people speakers:
Chief Executive Officer
DrumG
Managing Director - Futures & Forex
TD Ameritrade
Chief Executive Officer
Harbor, Inc.
equalizer Media:
Continental C
The backoffice is undergoing a significant transformation as firms look to continue the process of automation and efficiency. This panel will look at a range of structures emerging including outsourcing and vertical integration of systems.
person chair:
Principal, Capital Markets
Ernst & Young
people speakers:
Director, Prime Services
Credit Suisse Securities
Managing Director, Post Trade Services
FIS
Head of Derivatives Trading and Clearing
Broadridge Financial Solutions
Chief Executive Officer, Agency Trading & Processing
ION Group
Director
BlackRock
Chief Executive Officer
Minium Financial Technology
Buckingham
When a disruption occurs, exchanges waste no time asking questions of market participants to understand the source. Speakers will address the questions commonly raised in an inquiry from an exchange when a potential disruption occurs along with strategies for responding. This session will cover steps that could be taken during development, launch and operation of algos to avoid types of disruptive practices such as spoofing, flickering, layering and reporting potential rule violations. Delegates will go away with a better understanding of the components of an effective training and supervision program for algorithmic trading.
person chair:
Partner
Drinker Biddle & Reath
people speakers:
Associate General Counsel & Chief Compliance Officer
Teza Technologies
Manager, Market Regulation
ICE Futures U.S.
Senior Director, Market Regulation Department
CME Group
equalizer Media:
Networking Break
Continental Foyer, Lobby Level
Exhibit Hall Closes
FIA Operations Americas Presents: Managing Post Trade Operational Risk equalizer
Impact of Trade Policy on Agricultural Markets equalizer
Extracting Value from Regulatory Data equalizer
Continental A
Pre-trade and trade risk management often garner a great deal of attention but post-trade risk can also create exposure for the marketplace. Trade allocations/give-ups, option expiration processing, physical delivery management, are just a few of the topics which carry post trade risk. How are CCPs, market participants, and FCMs effectively managing their post trade operational risk? How can technology help mitigate this risk?
person chair:
Managing Director, Commodities and Global Markets
Macquarie Futures USA
people speakers:
Director, Head of Americas Futures Product Development
Societe Generale
Chief Operations Officer
ABN AMRO Clearing Chicago
Director, Head of Global Listed Derivative Clearing Operations
BMO Capital Markets
Executive Director, Clearing Operations & Risk
CME Group
Director
ICE Futures U.S.
equalizer Media:
Continental B
Around the globe, changes in trade policy are having a significant impact on commodities markets. How are exchanges, brokers and commodities customers reacting? And what will be the consequences for listed markets?
person chair:
Founder and Chief Executive Officer
PanXchange
people speakers:
Managing Director
CHS Hedging
Managing Director
Kluis Commodity Advisors
Chief Economist & Managing Director
CME Group
Founder & Owner
Rice Dairy
equalizer Media:
Continental C
Recent years have seen a huge increase in the amount of data generated from the listed derivatives markets to meet regulatory reporting requirements. How are technology firms and their clients now putting that data to additional use in the area of surveillance, client risk management and dynamic margining, for example?
person chair:
Senior Vice President, Publications, Data & Research
FIA
people speakers:
Product Manager - Surveillance
Trading Technologies
Co-Founder & Chief Scientist
WireWheel
Chief Executive Officer
Clarus
Head of Business Development Americas & Head of Marketing
The Technancial Company
Director, Operations Systems & Support
INTL FCStone
Chief Executive Officer
Eventus Systems