APFIC 2015

The Asia Pacific Financial Information Conference (APFIC) will take place on November 10-12 in Hong Kong. It is once again promising to be a must-attend confernce for you and your colleagues -- the one annual conference in the Pacific Rim that brings together the entire financial information community!

The conference will once again be held at the Renaissance Hong Kong Harbour View Hotel.

Tuesday, November 10

11:30 a.m. - 1:00 p.m.

FISD Women's Group Hong Kong

Schedule and Registration Details >>

6:00 p.m. - 8:00 p.m.

Welcome Reception at Armani Prive, Central

Join speakers and delegates for a relaxed, intimate yet lively gathering at Armani's rooftop bar overlooking the glittering lights of Hong Kong's financial district.

Wednesday, November 11

8:00 a.m. - 8:50 a.m.

Registration / Breakfast / Networking

8:50 a.m. - 9:00 a.m.

Welcome Remarks

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Tom Davin, FIA, Managing Director, FISD

9:10 a.m. - 9:50 a.m.

Keynote Address: Market Data/News Demand Survey for 2015

Burton-Taylor surveyed 75 global market data or news vendor executives, industry analysts, users and consultants, asking them to forecast 2015 and 2016 organic growth in spend by individual market data user segments, by individual regions and for individual product types.

The results show a clear "demand compass" for users (from hedge funds to risk managers), for regions (from East to West) and for products (from desktops to datafeeds).

Keynote:

Douglas B. Taylor, Founder & Managing Director, Burton-Taylor International Consulting

9:50 a.m. - 10:35 a.m.

Do You Have a KYC Data Strategy?

Are firms in the region aware of the impact of regulatory reforms on the way they manage data? What level of sophistication are we seeing in devising data strategies for the region? Are firms actively reviewing the strategy or just ‘getting by’ on legacy/siloed structure?

  • What are there specific challenges of maintaining quality data in this region?
  • How are firms managing the disparate paces of regulatory reform?
  • Do clients - and institutions - have good visibility of the position risk of their holdings and aggregate portfolios globally? How?
  • If the data is becoming more standardized, do you see more of the data cooperatives coming up?

 

Moderator:

Jean-Remi Lopez, Manager Asia Pacific, Strategic Initiatives , DTCC Hong Kong

Panelists:

Marc Anthonisen, Managing Director, Products, Asia/Pacific, S&P CapitalIQ and SNL

Kishore Ramakrishnan, Director, Consulting, PricewaterhouseCoopers Consulting Hong Kong Limited

10:35 a.m. - 11:20 a.m.

The Move to Screen Trading - Is it the Right Time?

A combination of liquidity and regulation are migrating OTC markets such as credit & interest rate derivatives, Fixed Income from the phone to the screen.  But what has to happen first in terms of communication within a firm and how it takes advantage of its cumulative knowledge across different business functions, and customer motivations?  

  • Which of these markets (and vendors) are flourishing from the move; which prefer to keep trading "off screen"? Why?
  • How do institutions comply with new regulations for transparency, yet avoid "liquidity traps"?  
  • Will the voice / electronic migration create more vendor competition as turret providers use their footprint to provide "digital conversations"? Who are the players, what technology are they using?
  • Can illiquid markets in Asia succeed under compliance and infrastructure pressures?

Moderator:

Alan Ross , Global Head of Market Data Technology , UBS

Panelists:

Ganesh Iyer, CAIA, FIA, Director, Global Marketing, IPC

Miguel Ortega, APAC Regional Head of Market Data, Deutsche Bank

Rhys Spencer, Head of Tullett Prebon Information - APAC, Tullett Prebon Information

Mark Taylor, Sales Director Asia Pacific, SmartStream Technologies Limited

11:20 a.m. - 11:40 a.m.

Networking Break

11:40 a.m. - 12:25 p.m.

Information Providers and Vendors: How to Improve the Collective Experience

This session is intended to debate the direct relationship that an institution/vendor should have with the exchange, what service and support the institution could (and should) expect from the exchange relationship; the relationship that the institution/vendor should have with the vendor and the service expectation for the vendor relationship. The objective of the panel will be:

  • Describe the relationship and service one can expect from an Information Provider even if one acquires that Provider’s content from a vendor
  • When should users deal directly with exchanges: commercially and in terms of data distribution? What’s the benefit, trade-offs?
  • When is the vendor the appropriate organisation and vehicle? What other data does a vendor incorporate into distribution (ie. High / low) not distributed by the Info Provider?
  • When Information Providers work with together, what is the objective? Does the vendor fit into this equation? How?

Moderator:

Douglas B. Taylor, Founder & Managing Director, Burton-Taylor International Consulting

Panelists:

Georg Gross, Executive Director, Market Data + Services, Head of Information, Deutsche Boerse AG

Winnie Poon, SVP, Head of Market Data | Global Markets, Hong Kong Exchanges and Clearing Limited

Jutta Werner, Head of Content Partners, Asia, Refinitiv

12:25 p.m. - 12:55 p.m.

China Fixed Income: where is the market going?

With a strong decline in market sentiment in China driving the turmoil, there is speculation that the “third wave” in the Global Financial Crisis is being driven from Emerging Markets. Equity markets are leading the decline in Chinese asset values. In this chat with a leading Inter-Dealer Broker we will discuss what is going on in the interbank bond market in China; do the the trading and information dynamics suggest a “risk off” capital flight? How does this potentially impact the risk profile for onshore Chinese and offshore investors and what bearing will that have on markets and market data? What data do you need to look at to monitor this situation?

Discussant:

Scott Cooper, FIA, FISD Asia-Pac Regional Representative & Partner, Saquish Partners

Andrew Reeve, Head of Asia Pacific, Middle East & Africa , Tullett Prebon Information

12:55 p.m. - 2:00 p.m.

Lunch

2:00 p.m. - 3:15 p.m.

FISD Constituent Groups

The FISD constituency group sessions provide a unique opportunity to candidly address market data business issues and practices with your colleagues from firms in the same industry segment. Separate sessions will be held for (1) Financial Institutions that consume financial information; (2) Exchanges and other market operators; (3) Data vendors. Admission and participation in each session is limited to individuals of its targeted constituency. Those individuals that are pre-registered will receive an agenda prior to the conference from the constituent coordinator. If you have questions about whether you qualify, please contact Tracey Shumpert, tshumpert@siia.net.

3:15 p.m. - 3:45 p.m.

Networking Break

3:45 p.m. - 4:30 p.m.

Regulation vs. Business Opportunity -- What Is Driving the ETF Business?

ETFs are sprouting up throughout the region at a dramatic rate.

  • Is this to get around share trading issues like Hong Kong's stamp duty?
  • Is it being done to create "liquidity structures" for HFT and algo traders?
  • Are ETFs impacting market data costs?
  • Do they give brokers and buy-side a way to divert focus from competitive per-share trading costs and management fees?

Moderator:

David Quah, Vice President, Market Infrastructure and Products, Cash Trading, Hong Kong Exchanges and Clearing Ltd.

Panelists:

Melody He , Executive Director, Head of Capital Markets, CSOP Asset Management

Candice Lebastard, Business Development Manager, Equity and Index Solutions, Asia Pacific, Interactive Data Corporation

Philip York, Managing Director, Automated Asset Management - Enhanced Beta & Pure Alpha Funds, Alt 224 Group

Johnnie Yung, Director, Equity ETF, BlackRock, Inc.

4:30 p.m. - 5:15 p.m.

Inspector Gadget Just Looked at Your Market Data Operation...

... and he saw some quick fixes.  A discussion of what's on offer for the market data management tool chest  ie. Data Visualisation, Entitlement Management and  workflow tools & services.

The panel will also discuss some basic techniques and approaches to streamline market data management and how to effectively use and manage outsource organisations.  Also how and when to "web-ify" a business line or outsource e-commerce for improved scalability and cost savings.

Moderator:

Tom Etheridge, Managing Director, Market Data Services, Jordan and Jordan

Panelists:

Jeremy Borne, APAC IT Market Data - APAC IT Infrastructure & Production, Independent Consultant

Jeremy Green, Regional Head APAC Market Data, Credit Suisse

Steve Moreton, FIA, Global Head of Product Development, CJC Ltd

5:15 p.m. - 5:25 p.m.

Closing Remarks

6:00 p.m. - 9:00 p.m.

Networking Reception at Hong Kong Jockey Club (HKJC)

This year we are bringing the cocktails to Happy Valley! The Hong Kong Jockey Club at Happy Valley, a long standing component of Hong Kong's culture since 1841, when the British set about draining a malarial swamp to form a racetrack.

Hop on our chartered buses and enjoy a quintessentially Hong Kong experience coupled with drinks and canapes with your peers in our private box.

Thursday, November 12

8:00 a.m. - 8:50 a.m.

Registration / Breakfast / Networking

8:50 a.m. - 9:00 a.m.

Welcome Remarks

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Presenter:

Max Bowie, Executive Editor, Inside Market Data and Inside Reference Data

9:00 a.m. - 9:40 a.m.

Keynote Address: Maintaining Market Integrity and Resilience Through Cyber Security

Capital markets firms have been less vocal about cyber security. However, increased sophistication in recent cyber attacks on financial institutions is cause for concern within exchanges and financial institutions alike.

Today's keynote address will provide you an insider's view into recent global and regional cyber security industry initiatives such as the World Federation of Exchanges (WFE) GLobal EXchange security (GLEX) consortium and the quarterly Financial Information Sharing Forum in Singapore.

Keynote:

Gregory Sim, Director and Information Security Officer for ASEAN, Standard Chartered

9:40 a.m. - 10:30 a.m.

Buy Side Heads Unite: The Role of Data Management in Improving the Pursuit of Alpha

In the investment management world, some asset managers are content to rely on analysts’ intuition and Bloomberg terminals to generate alpha. However, as competition and regulations increase, how can better reference and benchmark data governance aid the pursuit for alpha?

  • What are the priorities of data end-users (traders, performance and risk managers) and those in central management positions (e.g. operations and IT)?
  • Assessing the ripple effect of MiFID II in Asia on data requirements
  • Obtaining flexibility to customise indices and access non-traditional data to create innovative products or support alternative investment strategies
  • How will changing buy-side data requirements affect brokers and custodians?
  • How are buy-side firms managing in creating custom and blended benchmarks? How can they ensure proper guidance around these in relation to IOSCO principles?

Moderator:

Endre Markos, Former Director and Asian Head of Execution to Custody,

Panelists:

Roger Emms, Vice President, Regional Head of Operations, T. Rowe Price

Tom Gooding, Vice President, Asia Sales, RIMES

Chris Vera, Director, Asia Pacific Head of Client Reporting, Blackrock

10:30 a.m. - 11:15 a.m.

Different Feeds for Different Needs: Managing Cost, Content and Complexity

Is low latency now functional requirement or still a source of competitive advantage? How have priorities and preferences changed in terms of data delivery and packaging?

  • Ensuring flexibility, high performance and broad coverage for your trading needs and best execution.
  • New data delivery mechanisms in an age of commoditisation and rationalisation
  • Assessing tools in obtaining and analysing niche and unstructured data
  • The effect of vendor M&As on datafeed offerings

Moderator:

Rahim Nathoo, Head of Derivatives Technology, CLSA

Panelists:

Loveen Jain, Head of Electronic Execution Technology, Macquarie

Jack Ko, Head of Market Data, Asia Pacific, Société Generale

Miguel Ortega, APAC Regional Head of Market Data, Deutsche Bank

Arthur Tricoire, Director - Business Development APAC QuantHouse – Real-Time Solutions, S&P CapitalIQ

11:15 a.m. - 11:45 a.m.

Networking Break

11:45 a.m. - 12:15 p.m.

Presentation: GRC - An Exercise in Managing Qualitative and Unruly Data

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Presenter:

Marc Leipoldt, Head, Non-Financial Risk, Saudi Hollandi Bank

12:15 p.m. - 1:00 p.m.

Turning GRC and Data Governance Into Competitive Advantage

Governance, risk management and compliance (GRC) continue to dominate firms’ agenda.  What is the next phase in data governance?

  • Tracking the regulatory agenda and quickly identifying the data infrastructure impact. 
  • BCBS 239: how can working towards being compliant help resolve underlying data issues such as data quality and data aggregation? What can non G-SIBs learn from it?
  • The potential of mutualisation and utilities in providing a consolidated view of securities, client and counterparty data to add regulatory, AML and KYC requirements.

Moderator:

Atul Subbiah, Partner, Financial Services Advisory, KPMG

Panelists:

Marc Leipoldt, Head, Non-Financial Risk, Saudi Hollandi Bank

Kelly-Ann McHugh, Enterprise Risk Solutions Specialist, Financial & Risk, Thomson Reuters

Mark Taylor, Sales Director Asia Pacific, SmartStream Technologies Limited

Simon Thorpe, Regional Head, Data Risk, HSBC

1:00 p.m. - 2:00 p.m.

Lunch

2:00 p.m. - 2:45 p.m.

Coffee Breakout Roundtables

Our coffee breakout roundtables, each hosted by an industry leader, are back, providing you with space to discuss and debate the latest industry issues. Stick to one table or rotate – there’s something for everyone!

1. Exchange Developments: The Outlook for 2016

Host: Robert Rooks, China Clients & Markets Leader - Financial Services Industry and Banking & Securities Sector Leader - Hong Kong, Deloitte

Linkages, partnerships and MoUs – will exchange alliances continue in the region? What are the new value-added exchange products, and how will this influence consumer budgets and vendor offerings? 

2. Market Data Infrastructure

Host: Stuar Gurr, Head of Digital Technology & Engineering Services and Risk Change Delivery, Asia Pacific, Royal Bank of Scotland Group

As legacy technology struggles to manage current market data demands, is the industry ready for different consumption models, using managed services, cloud, and mobile?

3. Analytics and Best Execution

Host: Winnie Khattar, Head of Equity Analytics, APAC, Deutsche Bank (Hong Kong)

Analytics has never been more relevant than now with the great level of complexity in the trading environment and its underlying technology, which in turn drives the need for maximum execution transparency among market participants. What are the challenges and how do we solve the never-ending debate of best execution? 

4. Blockchain in the securities transaction lifecycle and the impact on market data

Hosts:

Endre Márkos, Director and Regional Head of E2C, Markets and Securities Services, Citi

Winnie Khattar, Head of Equity Analytics, APAC, Deutsche Bank

Victor Ekong, Senior Vice President, Head of Market Data Technology and Infrastructure, Citigroup

Blockchain has moved out of Bitcoin’s shadow to become viewed as a potentially disruptive technology, especially in the securities transaction lifecycle. What are the potential applications and their impact on market data flow and technologies? 

Facilitators:

Victor Ekong, Director, Corel DMS

Stuart Gurr, Head of Digital Technology & Engineering Services and Risk Change Delivery, Asia Pacific, Royal Bank of Scotland Group

Winnie Khattar, Head of Equity Analytics, APAC, Deutsche Bank

Endre Markos, Former Director and Asian Head of Execution to Custody,

Robert Rooks, China Clients & Markets Leader - Financial Services Industry and Banking & Securities Sector Leader - Hong Kong, Deloitte

2:45 p.m. - 3:15 p.m.

Networking Break

3:15 p.m. - 4:00 p.m.

Fixed Income Electronification - opportunities and challenges in Asia

Fixed income is undergoing structural change. Regulations like Basel III have affected broker-dealer inventories and reduced liquidity, while the lack of market-wide price discovery resources makes it difficult to demonstrate best execution. 

  • What global market opportunities will dominate fixed income trading over the next 12 months and how can you best capitalize on them?
  • How have dealer and investor needs changed, and who are the new liquidity providers?
  • Aggregating and validating pre-trade information on a real-time. continuous basis
  • Achieving seamless workflow across the trade lifecycle
  • How will the market data and services ecosystem evolve to support electronic markets and transparency, and what can fixed income learn from equities in this regard?

Moderator:

Vijay Chander, Executive Diector -- Fixed Income, Asia Securities Industry & Financial Markets Association (ASIFMA)

Panelists:

Ahsan Pervez, Executive Director -- Head of Convertible Bond Trading, SMBC Nikko

Nick Underwood, Fixed Income Business Director - APAC, Interactive Data

Luke Waddington, CEO and Co-Founder, BlueFireAI Limited

Dr. Steve Wang, Managing Director and Head of Fixed Income Research, Bank of China International (BOCI)

4:00 p.m. - 4:50 p.m.

Harnessing the Innovation Ecosystem: What's Next for the World of Financial Information?

The recent rise within “FinTech” in Asia of start-ups bent on disrupting capital markets has seen financial institutions, exchanges and vendors seeking to leverage start-ups. Some firms have taken the step of creating in-house innovation labs. Whether dealing with in-house or external developers, how can firms balance compliance with innovation?

  • What elements do you need in a sandbox to foster innovation?
  • Introducing and enforcing flexible data license policies to support developers’ data needs
  • The risks and opportunities of using cloud, APIs and open-source IT to simplify the development process
  • Helping start-ups access real-time market data – what’s in it for you?
  • Key takeaways and outlook for 2016

Moderator:

Zennon Kapron, Founder/Manager, Kapronasia

Panelists:

Adam Garrett, Market Development Manager for Enterprise Content & Capabilities, Asia, Thomson Reuters

Stuart Gurr, Head of Digital Technology & Engineering Services and Risk Change Delivery, Asia Pacific, Royal Bank of Scotland Group

Joseph Toh, Head of Strategy & Innovation - APAC, Credit Suisse

4:50 p.m. - 5:00 p.m.

Closing Remarks and End of Conference

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Presenter:

Max Bowie, Executive Editor, Inside Market Data and Inside Reference Data