3rd Annual Derivatives World Middle East
16 March 2010
The Palace The Old Town, Dubai, UAE REGISTER NOW
09:00 Keynote address: Developing the Islamic Hedging & Risk Mitigation Market
Ijlal Alvi, Chief Executive Officer, IIFM
09:20 Launching new listed derivatives markets in the Middle East
- What does a derivatives exchange offer the market?
- How the past year has affected product expansion in the region.
- Successful market making and liquidity provision - what products are, and will be, successful?
- Convergence with the OTC market
- Growth of international players in the market
- Unique demands of ME clients
- Counterparty risk management
- Putting the right technology in place
Moderator: Gerhard Hametner, CFA, Director of Business Development, MacCapital
Craig Hewett, Chief Business Officer, Bahrain Financial Exchange
Mohammed Ali Yasin, CEO, Shuaa Securities
Paul Eid, CEO, NewEdge Dubai
Fouad Fahmi Darwish, Head of Institutional Sales, Abu Dhabi Financial Services
Dean Noble, Head of Market Operations, Nasdaq Dubai
10:10 Putting the regulatory infrastructure in place to develop the derivatives market in the Middle East
- Could regulatory responses to the global financial crisis slow market development?
- Is OTC business expected to be directed towards exchanges in the future?
- What regulatory changes need to occur in the Middle East in order to grow the derivatives market? Do these changes seem likely, and what is a realistic time scale?
- What level of protection do participants need? How should this be put into practice?
- Opening the market for cross-boarder trades and international participants
Martin Kinsky, Managing Director, Markets, DFSA
Karl Rogers, Partner, Norton Rose (Middle East) LLP
11:00 Morning Coffee
11:30 Derivatives products for the Islamic finance market
- The demand for effective hedging instruments in Islamic finance
- Implementation of the ISDA/IIFM Ta'hawwut Master Agreement (for Shariah compliant OTC derivatives)
- Creating products for listed markets
- Providing a liquid and transparent market place for trading
- What exchanges can offer for commodity murabaha transactions
- Practicalities of physically deliverable contracts
- Exchange traded funds as an alternative investment
Moderator: Habib Motani, Partner, Clifford Chance
Ijlal Alvi, Chief Executive Officer, IIFM
Craig Hewett, Chief Business Officer, Bahrain Financial Exchange
Hussam Saif, Head of Treasury, Khaleeji Commercial Bank
Marco Mauri, Head of Listed Securities, Unicorn Investment Bank
12:20 The development of Equity and Index products
- Impact of a volatile cash market in the Middle East
- Convergence of the OTC and the exchange traded equity derivatives markets
- Outlook for equity options?
- Effective hedging
- Price discovery and accessing local market data: What benchmarks are in place?
- Retail Investors – how to use equity derivatives
Rizmy Shariff, Director, Capital markets, Arqaam Capital
Dean Noble, Head of Market Operations, Nasdaq Dubai
Jonathan Cooper, Managing Director, Middle East & Africa, FTSE
13:00 Lunch
14:20 Technology development for a modern derivatives market
- Choosing the right platform for OTC and listed transactions
- Infrastructure – overcoming issues of latency
- Development of DMA and co-location hosting
Irfan Amanat, CTO, GTL Trading
Nicholas Wright, Head of Institutional Brokerage, Mubasher
Markus Kampe, Senior Product Manager, Orc Software
15:00 Investor panel: Maximising investment opportunities for funds and institutional investors
- What the Middle Eastern market can offer to domestic and international hedge funds?
- Risk, rewards and motivations behind derivatives exposure - hedging, trading, arbitrage
- Key sectors and products for investment
- Portfolio management and trading strategies
- Managing exposure in volatile markets
- Backed Professional Traders – A Hedge Fund in waiting?
Moderator: Rajiv Kumar, Dept CEO, MF Global Middle East DMCC
Akos Zold, former Head of Treasury, Dubai Financial Group
James Hume, Chairman, DPTG (Dubai Professional Trading Group)
Haissam Arabi, Chief Executive Officer, Fund Manager, Gulfmena Alternative Investments Ltd
15:50 Commodities trading specialist focus: GOLD
- Impact of economic stimulus on the metals industry
- Is it a buyers market or a sellers market?
- Assessing emerging market demand for metal based products
- Dealing with price risk and FX risk in metal trading
- Shariah-compliant alternatives to physical trading
- Gold derivatives; what appeal do they have for retail investors
Moderator: Ajay Mathur, Director, Precious Metals, Middle East, HSBC Bank Middle East Limited Global Markets
Kevin Day, Head of Relationship Management, DGCX
Scott Rickards, Senior Business Development Executive, Dubai Shariah Asset Management DMCC
Sajith Kumar P K, Director & CEO, JRG International Brokerage DMCC
16:30 Close of conference followed by early evening reception
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