Program Day 2

 
 
 IOMA / IOCA Annual Conference
 Mumbay
 1 - 4 May 2011

 

 

Tuesday 3 May 2011

 

09:30 – 11:00
More exchange consolidation : The analyst and investor perspective

 
Reactions to the proposed mergers between exchanges. How will this impact the Asian markets, what benefits will come from this round of consolidation for stakeholders?
 
  • Chair: Nandini Sukumar, Correspondent, Bloomberg News
  • Richard Repetto, Principal, Sandler O’Neill + Partners, L.P.
  • Jorge Alegria, Chief Executive Officer , MexDer
  • Max Mesny, Executive Director, Morgan Stanley
11:30 – 12:45
 Where will liquidity come from?

 
A review of the impact from high frequency trading, and new regulation on the role of liquidity providers. Despite exchanges’ capacity to process vast amount of quotes at ever faster speeds, liquidity in some markets is still confined to fraction of the instruments listed.  In some markets, traders prefer to negotiate on the periphery of the exchange, dealing bilaterally on exchange-listed instruments. What measures can exchanges use to attract this liquidity, and are the infrastructure costs and new rules well adapted to present and future market needs?
 
  • Chair: Ravi Apte, Chief Technology Officer, NSE of India
  • Paul Hilgers, CEO, Asia Pacific, Optiver (Sydney)
  • Robert Smith, Managing Director, GETCO Asia (Singapore)
  • Tom Ascher, Chief Strategy Officer, International Securities Exchange 
14:00 – 17:00
Afternoon optional program