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2016 Program

* Program subject to change

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Tuesday, October 18, 2016

2:00 PM—5:00 PM

FUTURES 101: An Introduction to U.S. Futures Markets and Regulation (Separate Registration Required)

Can you tell the difference between a future, a swap, an option, and a security?  Do you know why companies use these financial instruments?  Do you understand the legal and regulatory environment governing these markets? FIA’s Law and Compliance Division presents Futures 101, a half-day interactive program that gives you a clear grounding in this area of finance.

Explore fundamental concepts and regulations relating to U.S. futures markets with reference to other these other financial instruments.  Topics will include market participants and regulators, market structure, clearing, transaction documentation as well as key rules and regulations. Learn more about the program, and register today!

CLE credits have been applied for.
6:00 PM

Opening Reception

City Winery
1200 W Randolph Street
Chicago, IL 60607

Let's uncork Expo with a bang! Come join business associates, colleagues and friends at the City Winery, one of Chicago's hippest dining spots and if the Cubs make it to the Championship Series, we’ll be sure to show the game!
 
An RSVP is not necessary, however you must be pre-registered for Expo under a qualified* registration category before Friday, October 14 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 $10 per car, or $5 per car if you are a VinoFile Premier member. 
 
For more information on the City Winery, please visit www.citywinery.com.


Wednesday, October 19, 2016

8:00 AM

Registration Opens

8th Street Lobby Level Registration Area & Lower Level Registration Area

Stop by the registration desk to get your Rival Systems badge and CME Group tote bag filled with Expo materials before heading into the first session.

Sponsored by:




8:45 AM

Opening Remarks

Grand Ballroom

Speaker:
Walt Lukken, President & Chief Executive Officer, FIA

9:00 AM

W9:00A CFTC Keynote Address

Grand Ballroom


As the current administration draws to a close, Timothy Massad, Chairman of the Commodity Futures Trading Commission, will share his thoughts on progress in reforming the regulation of global derivatives markets and the agency’s approach on current key areas of focus such as the regulation of automated trading, collateral rules for swap dealers, CCP resilience and recovery and other developments impacting the listed and cleared derivatives markets.

Speaker:
Timothy Massad, Chairman, Commodity Futures Trading Commission

9:30 AM

W9:30A New Realities for Exchange Leaders

Grand Ballroom
Today’s exchanges have evolved significantly in recent years as they face new demands from a growing client base and diversify their business models to take advantage of new revenue streams. With shareholder value an increasing focus, this panel brings together the heads of the world’s leading exchanges to discuss topical issues impacting the growth of the listed derivatives marketplace and how their organizations are responding.

Chair:
Jerome Kemp, Global Head of Citi Futures, Clearing & Collateral, Citigroup Global Markets

Speakers:
Phupinder Gill, Chief Executive Officer, CME Group
Robert Greifeld, Chief Executive Officer, Nasdaq
Jeffrey Sprecher, Chairman & Chief Executive Officer, Intercontinental Exchange
Jeffrey Tessler, Member of the Executive Board, Deutsche Boerse AG

10:00 AM

Exhibit Hall Opens

Lower Level, Trade Show Floor - Green /Blue/ Next Gen Exhibit Halls

10:45 AM

Networking Break

Continental Foyer, Lobby Level
11:15 AMConcurrent Session

W11:15A Moving the Industry Forward

Continental A
This panel will examine key issues shaping the development of the listed and cleared derivatives industry and assess the evolving roles of all participants in the chain. As each part in that chain faces its own issues – whether regulatory, financial or technological - a more collaborative and constructive approach is emerging to finding industry solutions to what ultimately are collective challenges.

Chair:
Craig Pirrong, Professor of Finance, Bauer College of Business, University of Houston

Speakers:
Nicolas Lenoir, Portfolio Manager, Global Macro, PSP Investments
Chris Perkins, Managing Director, Global Head of OTC Clearing, Citigroup Global Markets
Nick Rustad, Managing Director, J.P. Morgan Securities
Don Wilson, Chief Executive Officer, DRW Trading Group

11:15 AMConcurrent Session

W11:15B L&C: Hot Regulatory Topics: What’s Old is New Again

Continental B

1.5 CLE Credits
Do you remember EFRPs, Risk Management, OCR, and Risk Disclosures? Well, they (and others) are back and they are bringing new legal and compliance issues and challenges with them! This panel will discuss how these and other “old” topics are actually brand new (again). 

Chair:
Kim Johns, Vice President & Associate General Counsel, Goldman Sachs

Speakers:
Blake Brockway, Assistant General Counsel & Vice President, Bank of America Merrill Lynch
Patricia Donahue, Senior Vice President, Chief Compliance Officer & Regulatory Counsel, Rosenthal Collins Group
Vince McGonagle, Director, Division of Market Oversight, Commodity Futures Trading Commission
Paul Pantano, Partner, Cadwalader Wickersham & Taft

11:15 AMConcurrent Session

W11:15C Meet the Innovators

Continental C

(Open to all Expo delegates) 
Five fintech startups will present their products to a panel of judges and compete to win an award from FIA. The five startups will be selected from the FIA Innovators Pavilion, a special part of FIA Expo dedicated to showcasing new technology. 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.

Chair:
Rob Creamer, President & Chief Executive Officer, Geneva Trading, and Chairman, FIA Principal Traders Group

Judges:
Brian Adams, Executive Vice President & Chief Information Officer, Rosenthal Collins Group
Jean Donnelly, Executive Director, FinTech Sandbox
Rumi Morales, Executive Director, CME Ventures
Brad Peterson, Executive Vice President, Chief Technology & Chief Information Officer, Nasdaq
Kimberly Trautmann, Director, DRW Venture Capital
Mark Whitcroft, Founding Partner, Illuminate Financial

Presenters:
Ed Chalopin, Chief Executive Officer, Semantic Evolution
Jed Devine, Senior Account Executive, ChartIQ
Morgan Downey, Chief Executive Officer, Money.net
Arjun Jayaram, Chief Executive Officer & Founder, Ubixi
Greg Kenepp, President, Cloud9 Technologies

12:30 PM

W12:30A Keynote Lunch

Grand Ballroom


In this historic presidential campaign year, Pulitzer Prize-winner and presidential historian Jon Meacham will provide Expo’s keynote lunch address on the topic of The Art of Leadership: Lessons from the American Presidency. A contributing editor at TIME and former editor of Newsweek, Meacham is also the author of a number of books on politics and the personalities who shape it, including such bestsellers as: Destiny and Power: The American Odyssey of George Herbert Walker Bush; Thomas Jefferson: The Art of Power; Franklin and Winston; and, American Lion: Andrew Jackson in the White House.
In addition to his ground-breaking work as a journalist and writer, Meacham was named a “Global Leader of Tomorrow” by the World Economic Forum; is a member of the Council on Foreign Relations; a fellow of the Society of American Historians; and chairs the National Advisory Board of the John C. Danforth Center on Religion and Politics at Washington University.
Meacham’s lunchtime presentation at Expo – non-partisan in content and tone – will range from Jefferson’s pragmatism and JFK’s capacity to recover from his own mistakes to the management of conflicting egos as shown by Reagan and FDR and how George HW Bush dealt with the end of his Presidency.

Speaker:
Jon Meacham, Author, Presidential Historian, and Contributing Editor, TIME

2:00 PMConcurrent Session

W2:00A CCP Risk: Where are we now?

Continental A
CCPs and clearing members work to promote safe and efficient mechanisms by collecting margin, establishing default rules, and managing porting or liquidating customer trades in a time of crisis. Panelists will discuss whether these risk management practices and other rules actually create liquidity and risk concerns that discourage clearing of derivatives on CCPs. This panel will consider new international standards, regulations, and CCP rules related to resiliency, recovery and resolution and whether new regulatory initiatives are improving the overall system or actually raising new concerns.

Chair:
Jackie Mesa, Senior Vice President of Global Policy, FIA

Speakers:
Jeffrey Bandman, Acting Director, Division of Clearing & Risk, Commodity Futures Trading Commission
Lee Betsill, Managing Director, Chief Risk Officer, CME Clearing
Greg Fell, Global Head of Financial Market Infrastructure Risk Management, Citigroup Global Markets
Nico Friedman, Managing Director, Goldman Sachs
Ada Lee, Chief Risk Officer, LCH LLC, & Group Head of CaLM Risk & Portfolio Analytics, LCH
Joanne Medero, Managing Director, BlackRock

2:00 PMConcurrent Session

W2:00B L&C: Market Conduct:Trading in the New World

Continental B

1.5 CLE Credits
This interactive panel will address the impact of new trading rules as regulators react to automated trading  and exchanges enhance surveillance and enforcement. Rules on market disruption, spoofing, banging the close, EFRPs, block trading, wash trading, self-matching, and insider trading are driving fundamental changes in how traders approach automated markets. A must panel for those who advise clients on the new boundaries for automated trading.

Chair:
Ken Raisler, Partner, Sullivan & Cromwell

Speakers:
Rosemary Hollinger, Deputy Director, Division of Enforcement, Commodity Futures Trading Commission
Ben Morof, Chief Compliance Officer, Teza Technologies
Vito Naimoli, Manager, Market Regulation, ICE Futures U.S.
Randolf Roth, Head of Market Design & Member of the Executive Board, Eurex
Andrew Vrabel, Executive Director, Global Investigations, CME Group

2:00 PMConcurrent Session

W2:00C Applying Blockchain to Listed Derivatives Markets

Continental C
What potential does distributed ledger technology have to transform cleared derivatives markets? While blockchain is generating a lot of discussion, where is the evidence that it has a place in changing future processes in this industry? How will blockchain technology be integrated into existing back office, compliance, risk management and data security processes? This panel will seek to provide a vision of what the market structure will look like in five years’ time, if blockchain is widely adopted.

Chair:
Ray Kahn

Speakers:
Arjun Jayaram, Founder & Chief Executive Officer, Ubixi
Rumi Morales, Executive Director, CME Ventures
Brad Peterson, Executive Vice President, Chief Technology & Chief Information Officer, Nasdaq
Nick Solinger, President, FIA Tech

2:00 PMConcurrent Session

W2:00D InfoXchange: London Metal Exchange

Buckingham

(Open to all Expo delegates) 

LMEprecious: New London Gold and Silver Contracts 

In partnership with the World Gold Council and a group of leading industry players, LMEprecious is introducing a set of exchange-traded, centrally-cleared and loco London-settled gold and silver contracts. Launching in 2017 these contracts will innovate the precious metals market – providing new opportunities for trading offering, price discovery and risk management.
Join us for the InfoXchange to find out what this means for the precious metals market, how you can be part of this, and ask the LME team your questions.

Speakers:
Matthew Chamberlain, Head of Business Development, London Metal Exchange
Paul MacGregor, Head of Sales, London Metal Exchange

3:15 PM

Networking Break

Continental Foyer, Lobby Level
3:45 PMConcurrent Session

W3:45A What U.S. Market Participants Need to Know about EU Regulations

Continental C
While Europe is still some way behind the US in implementing post-crisis derivatives market regulatory reform, a number of key developments present potentially significant changes to how the markets operate both within the region and beyond. This panel will cover the key developments, such as EMIR, MiFID and MAR, that US market participants should be aware of, and consider the new uncertainties presented by Brexit.

Chair:
Mike Sorrell, Assistant General Counsel, FIA

Speakers:
Alexander Holtan, Counsel, Sutherland Asbill & Brennan
Jonathan Jachym, Head of North America Regulatory Strategy & Government Relations, London Stock Exchange Group
Nathaniel Lalone, Partner, Katten Muchin Rosenman
Kay Swinburne, Member, European Parliament
Matthew VosBurgh, Vice President, Regulatory Execution Compliance, Barclays

3:45 PMConcurrent Session

W3:45B L&C: The Uneasy Relationship Between Legal & Technology

Continental B

1.5 CLE Credits
As the markets evolved from paper-based to electronic trading, the CFTC’s rules increasingly address the use of technology to ensure compliance with its rules. This has been no easy task highlighted with disconnects between the rules, lawyers, compliance personnel, and technologists. Is there a way forward? A panel of industry experts discusses the challenges in using technology as part of a compliance regime and how best to bridge the divide between the various stakeholders. 

Chair:
Neal Kumar, Associate, Cadwalader Wickersham & Taft

Speakers:
Brian Adams, Executive Vice President & Chief Information Officer, Rosenthal Collins Group
Matthew Hunter, Deputy Director, Surveillance Branch, Commodity Futures Trading Commission
Matthew Lisle, Vice President, Futures Chief Compliance Officer, ABN AMRO Clearing
Ryan Olszewski, Compliance Officer, Regulatory Reporting, Societe Generale
Scott Taylor, Managing Director, Compliance, Wells Fargo
Kathryn Trkla, Partner, Foley & Lardner

3:45 PMConcurrent Session

W3:45C Real-World Application of New Technology: Gaining Efficiency with Cutting Edge Tech

Continental A
Pie-in-the-sky technology is fun to read about, but how do self-driving cars and talking refrigerators improve the lives of financial services professionals? This panel will look at how the most innovative technology is helping to drive efficiency in today’s markets as well as what it may bring in the future, with real-world examples of the positive impact on a range of market applications.

Chair:
Chuck Mackie, Senior Advisor, Financial Markets, Maven Wave Partners

Speakers:
Hazem Dawani, Chief Executive Officer, OptionsCity Software
Victor Hendrix, Global Director of Sales & Marketing, Beeks Financial Cloud
Tom Lehrkinder, Senior Analyst, Tabb Group
Anthony Tassone, Chief Product Officer, Green Key Technologies
Peter Vaisvil, Head of Information Technology, XR Trading

4:00 PM

Taste of Expo Exhibit Hall Reception

Lower Level, Trade Show Floor - Green/ Blue/ NextGen 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 2016 exhibitors. New this year, find out what everyone is offering on the conference app.
6:00 PM

Exhibit Hall Closes

6:00 PM—8:00 PM

CME Group Reception

Venue SIX10 
610 S. Michigan Ave 
Chicago, IL 60605

CME Group invites you to a special networking reception at nearby Venue SIX10. You must be pre-registered for Expo under a qualified* registration category before Tuesday, October 18 in order to appear on the guest list.

*Qualified registration categories include: Speakers, Press, Board, Full Conference, Single Day (Wednesday ONLY), Single Session (Wednesday ONLY) and Trade Show Plus. NOTE: Trade Show Only delegates must upgrade to Trade Show Plus to attend.

Sponsored by:


Thursday, October 20, 2016

8:00 AM

Registration Opens

8th Street Lobby Level Registration Area & Lower Level Registration Area

Stop by the registration desk to get your Rival Systems badge and CME Group tote bag filled with Expo materials before heading into the first session.

Sponsored by:




8:45 AM

T8:45A One-on-One with CFTC Commissioner Giancarlo

Continental A


Regulating in the 21st Century 
In a world of digital transformation how do regulatory agencies keep pace and also ensure innovative financial technology is not stifled? Former CFTC Commissioner and FIA CEO Walt Lukken and current CFTC Commissioner Chris Giancarlo discuss market evolution during the near 15 years that bridge their terms as regulators and the demand for adaptation among market participants and regulators alike. 

Interviewer:
Walt Lukken, President & Chief Executive Officer, FIA

Speaker:
Christopher Giancarlo, Commissioner, Commodity Futures Trading Commission

9:15 AMConcurrent Session

T9:15A The Evolution of Settlement

Continental B
An often overlooked but contentious aspect of the trading life cycle, the settlement process plays a critical role in clearing and price discovery. A half-tick change in a settlement price can lead to the transfer of billions of dollars in variation margin. As with all aspects of the derivatives market, settlement processes have had to evolve to take into account the proliferation of electronic trading and central limit order books. But have they done so optimally? In this panel we will discuss the strengths and weaknesses of current settlement processes, the information available for settlement processes, and what the industry should do to improve the settlement process.

Chair:
Kevin Foley, Partner, Katten Muchin Rosenman

Speakers:
Matthew Andresen, Co-Chief Executive Officer, Headlands Technologies
Trabue Bland, President, ICE Futures U.S.
Boudewijn Duinstra, Global Chief Risk Officer, ABN AMRO Clearing
Craig Pirrong, Professor of Finance, Bauer College of Business, University of Houston
David Yeres, Senior Counsel, Clifford Chance

9:15 AMConcurrent Session

T9:15B Washington Outlook

Continental A
Hear from industry and Washington insiders regarding the impact of Washington politics on regulation, legislation and our industry. With the Presidential election weeks away, there will be significant change coming to our nation’s capital, including the White House, Congress, CFTC, SEC and more.  Come hear how the upcoming election might impact our markets from this distinguished panel of experts.  

Chair:
Walt Lukken, President & Chief Executive Officer, FIA

Speakers:
Congressman Rodney Davis, Member, U.S. House of Representatives
Terrence Duffy, Executive Chairman & President, CME Group
Jimmy Ryan, Partner & Co-Founder, Subject Matter
Mark Wetjen, Managing Director, Head of Global Public Policy, DTCC

10:00 AM

Exhibit Hall Opens

Lower Level, Trade Show Floor - Green /Blue/ Next Gen Exhibit Halls

10:15 AM

Networking Break

Continental Foyer, Lobby Level
10:30 AM

T10:30A Keynote Address: Interest Rate Benchmark Reform

Continental A
LIBOR is one of the most widely referenced financial benchmarks in the world and its use directly or indirectly affects nearly all market participants.  Daleep Singh, Acting Assistant Secretary for Financial Markets at the U.S. Department of the Treasury, will address recent initiatives to reform LIBOR and develop potential alternative reference rates.

Speaker:
Daleep Singh, Acting Assistant Secretary for Financial Markets, U.S. Department of the Treasury

10:45 AMConcurrent Session

T10:45A New Realities for Clearinghouse Leaders

Continental B
Clearing continues to be a focus of attention as regulation, competition, and the demand for client solutions are prompting changes in clearing models. The implementation of regulations intended to drive more products to clearing have made trading and managing risk more difficult. Along with changing customer realities and disruptive technology, our markets may look very different in coming years. Leaders from CCPs will discuss the challenges and opportunities faced as they adapt to this new world.

Chair:
John Dabbs, Global Head of Prime Derivatives Services, Credit Suisse Securities

Speakers:
Sunil Cutinho, President, CME Clearing, CME Group
Adrian Farnham, Chief Executive Officer, LME Clear
John Horkan, Global Chief Operating Officer & Head of North America, SwapClear-LCH
Michael McClain, President & Chief Operating Officer, OCC
Eric Mueller, Chief Executive Officer, Eurex Clearing
Hester Serafini, Chief Operating Officer, ICE Clear U.S.

10:45 AMConcurrent Session

T10.45B The Changing Treasury Market

Continental A
This session will consider how the structure of the U.S. Treasury market is changing. Panelists will cover the changing roles of dealers, buyside, and proprietary trading firms, automation of Treasury markets, CLOB vs. RFQ, changes in the use of IDB platforms, interaction of cash and futures markets and whether additional oversight or transparency is needed for U.S. Treasury markets. Panelists also will discuss the topics raised by the Treasury’s Request for Information on Evolving Treasury Market Structure and the resulting responses.

Chair:
Isaac Chang, Managing Director & Co-Head of Global Trading, AQR Capital Management

Speakers:
Samantha Coyne, Head of Acknowledge FI, KCG
Billy Hult, President, Tradeweb Markets
Cronin McTigue, Head of Liquid Products, Wells Fargo
Daleep Singh, Acting Assistant Secretary for Financial Markets, U.S. Department of the Treasury
Nicola White, Managing Director, Global Chief Operating Officer FICC, Citadel Securities

10:45 AMConcurrent Session

T10:45C Outsourcing: Unlikely Partnerships

Continental C
The listed derivatives market ecosystem is increasingly threatened by rising costs and shrinking profitability. In this climate, what are the efficiencies that can be achieved through outsourcing or consolidating non-competitive functions? The session will address the development of such collaborative relationships and the opportunities for the growth of industry ‘utilities'.

Chair:
Clive Furness, Managing Director, Contango Markets

Speakers:
John Avery, Director, Client & Industry Engagement, FIS Derivatives Utility
Michael Cugini, Director, Client Services and Utility Management, Credit Suisse
Andrew Keane, Global Head of Listed Derivatives Algo Trading, Futures, Clearing and Collateral, Citigroup Global Markets
Dan Smalley, Senior Vice President, Head of Business Development, Derivatives, Fidessa
Oliver Snelling, Business Development, North America, eClerx

12:00 PM

Networking Lunch

Lower Level, Trade Show Floor - Green/ Blue/ NextGen Exhibit Halls

Take a break and boost your energy by joining us in the Expo exhibit halls for a bite to eat. Network with colleagues and Expo exhibitors while enjoying a grab-n-go lunch. Each hall will feature its own unique lunch buffet, so come dig in!
1:00 PMConcurrent Session

T1:00A Operations Challenges for the Buyside

Continental B
This session will cover the work of the new FIA Buyside Operations & Technology Committee to improve efficiency across client-clearing relationships. Panelists will address trade-date processing, average pricing, brokerage, and challenges unique to swaps clearing. What are the obstacles to achieving efficiencies in these areas?

Chair:
Louis Rosato, Director, Investment Operations, BlackRock

Speakers:
Dhiraj Bawadhankar, Executive Director, Clearing Solutions, CME Group
Stacy D'Agostino, Trade Operations Manager, Campbell & Company
Brett Haughs, Executive Director, Derivative Clearing, Morgan Stanley
Iain Paine, Product Development, Bridgewater Associates
Bryan Vivaldo, Shared Services Manager, Vanguard

1:00 PMConcurrent Session

T1:00B The Evolving Equity Options Market

Continental A
Equity options exchange leaders will engage in a lively discussion of issues driving change in the equity options markets. Topics range from market structure changes to tackling market inefficiencies and what the industry needs to do to better serve clients. Who is trading the market and why? What is the impact of additional expiries? How did traders use the markets before, during and after the Brexit vote? How has the industry changed (and the panel composition) since last Expo?

Chair:
Steve Crutchfield, Head of Market Structure, Chicago Trading Company

Speakers:
Edward Boyle, Chief Executive Officer, BOX Options Exchange
Ivan Brown, Senior Director, Head of Options, NYSE
Shelly Brown, Executive Vice President, Strategic Planning and Operations, MIAX Options Exchange
Bryan Harkins, Executive Vice President, Head of U.S. Markets, BATS Global Markets
Kevin Kennedy, Vice President & Head of U.S. Options, Nasdaq
Andrew Lowenthal, Senior Vice President of Business Development, CBOE

1:00 PMConcurrent Session

T1:00C How is Regulation Changing Access to US and European Markets?

Continental C
Regulators in Europe and the U.S. are working to implement regulations that protect markets from disruptive or manipulative trading. Algorithmic traders are increasingly subject to requirements to implement extensive pre-trade risk controls, to ensure that their trading applications are thoroughly tested and their procedures are properly documented and publicized internally, and to register with regulatory authorities. In addition, exchanges and brokers providing access are being required to implement new layers of controls and to provide increasing oversight into the details of the algorithms driving trading. While these regulations are designed to make markets safer, they are also making it more costly and complex for traders to access markets directly or even through a broker's infrastructure. This panel will discuss some of the key changes resulting from recent regulatory initiatives such as MIFID II, Regulation AT, and FINRA's requirement to register developers of algorithmic trading strategies and suggest approaches traders might take to minimize the burden of the new requirements.

Chair:
Leslie Sutphen, President, Financial Markets Consulting

Speakers:
Lyndon Freedman, Executive Director, Execution Services, J.P. Morgan
Matt Haraburda, President, XR Trading
Piebe Teeboom, Secretary General, FIA European Principal Traders Association
Sam Tyfield, Partner, Vedder Price
Vassiliki Veliou, Head of Market Structure & Regulation, Eurex

2:15 PMConcurrent Session

T2:15A FIA Operations Americas Presents: Operational Challenges Forum

Continental B


Whether it’s a rule change, a technology upgrade or a business need, when something new comes along or current practice changes, it more than likely has an impact on Operations. At the same time, operations departments are being downsized and/or moved to more cost-efficient locations. This forum will discuss the evolution of the back office and the hot topics demanding attention from operations. Topics include IRS 871(m), currency deliveries, settlement, average price processing, holiday processing, OCR, and brokerage to name a few. Join us for a lively conversation on how to address these matters in a practical and efficient manner. Bring your questions and potential solutions.

Chair:
Mary Beth Rooney, Director, Futures Compliance, Citigroup Global Markets

Speakers:
Mark Fabian, Vice President, Market Regulation, ICE Futures U.S.
Linda Haven, Managing Director, BMO Harris Bank
Steve Marx, Director, Citigroup Global Markets
Bernard Sapato, Vice President, Deutsche Bank Securities
Brian Sayers, Senior Director, Clearing Operations, CME Group
Jon Schlamp, ‎Senior Manager, Macquarie Futures USA

2:15 PMConcurrent Session

T2:15B The Growing Importance of Retail

Continental C
The amount of volume attributed to retail trading has been growing steadily over the last 10 years. How are retail traders approaching the market? What impact are they having on listed derivatives markets? How is the industry responding to the needs of retail investors? This session will provide a profile of today’s retail investor, give an overview of retail participation in derivatives markets, and discuss how retail is becoming an increasingly important segment of the market. 

Chair:
Richard Repetto, Principal, Sandler O'Neill & Partners

Speakers:
Patrice Hénault, Head of Futures & Listed Options, Director, Saxo Bank
Nick LaMaina, Senior Vice President, Strategic Brokerage Services, TradeStation Securities
J.B. Mackenzie, Managing Director, Futures & Forex, TD Ameritrade
Mark Omens, Executive Director & Head of Retail Sales, CME Group
Dan Ryba, Vice President, Futures Brokerage, E*TRADE/ OptionsHouse

2:15 PMConcurrent Session

T2:15C What Clients Need to Know About the Changing E-trading Rules

Continental A
Electronic trading used to be considered one of the easiest ways that an FCM could do business, especially when it was a simple as “point-and-click” using a screen that the FCM provided and had total control over. However the landscape has changed, and the buy-side is using a variety of trading tools that they either develop themselves or are provided by 3rd party vendors and brokers. With the evolution of trading tools comes an evolution of e-trading rules, covering everything from identifying traders and operators of an ATS, keeping audit trails, calculating message ratios and prohibiting disruptive practices. Not only do FCMs that facilitate e-trading need to understand differing rules across exchanges and jurisdictions, they also need to be able to advise and monitor their clients for compliance. How does this change the way both buy-side and sell-side conduct their e-trading?

Chair:
Greg Wood, Senior Vice President, Global Industry Operations & Technology, FIA

Speakers:
Gary DeWaal, Special Counsel, Katten Muchin Rosenman
Jim Moran, Executive Director, Global Markets Regulation, CME Group
Christopher Plotner, Head of Global Execution Services, North America, ABN AMRO Clearing
Kurt Windeler, Senior Director, Market Regulation, Intercontinental Exchange

3:30 PM

Networking Break

Continental Foyer, Lobby Level
4:00 PMConcurrent Session

T4:00A The Future of Funding: Implications for the FCM Business Model

Continental A
This panel will discuss various regulatory changes that are impacting the funding models of FCMs. Panelists will discuss the funding implications of LSOC vs futures, top-day funding, changes in CCP funding policies and CCP collateral eligibility (money market funds, ETF's & CCP Fed access, etc). The panel also will examine the surge in funding activity around the Brexit.

Chair:
Maureen Burke, Director, Citigroup Global Markets

Speakers:
Eileen Flaherty, Director, Division of Swap Dealer and Intermediary Oversight, Commodity Futures Trading Commission
Tom Gillis, Managing Director, Wells Fargo Securities
Mike Kobida, Executive Director of Collateral Services, CME Group
Kevin Murphy, Director, Barclays
Teresa Warta, Executive Director, F&O and OTC Clearing Treasury, J.P. Morgan Securities

4:00 PMConcurrent Session

T4:00C BYO Algo

Continental B
The science and technology required to trade algorithmically is no longer limited to professional traders.  A new generation of software providers are developing systems that will allow anyone to build and deploy their own automated trading algorithms.  Our panel of speakers will discuss what these tools are capable of and how they are being distributed to active traders worldwide.  We will also explore the role these technologies and a new generation of traders will play in the listed derivatives markets and how regulation may impact them both.

Chair:
Chris Zuehlke, Director of Front Office Technology, DRW Trading

Speakers:
Rob D'Arco, Chief Executive Officer, Rival Systems
Jared Broad, Founder, QuantConnect
William McGowan, Managing Director, Interactive Brokers
Mike Ryan, Executive Vice President & General Counsel, Trading Technologies
Marcos Suarez, Co-Founder & Manager of Research & Development, Qbitia

4:00 PM

Exhibit Hall Closes

5:15 PM

Panels Conclude

6:30 PM

FIA Cares Great Chicago Steak Out Dinner Reception (Ticket Required)

Grand Ballroom

Chefs from Chicago’s finest steakhouses will be preparing their favorite dishes at this marquee event. The Chicago Private Dining Steakhouse Group donates their talent and cuisine and all proceeds from the event go directly to the Greater Chicago Food Depository. Find more information at steakout.FIA.org