Derivatives World London 2009

• Analysing the impact of the financial crisis on the exchange-traded derivatives markets
• Implications for exchanges, futures and options brokers and users
• Positioning the industry to meet future challenges
• Rethinking how the industry works in the face of economic upheaval

Chair: Jon Hay, Managing Editor, FOW / FOintelligence.com
Lawrence Peirson, Director of Futures, Barclays Capital
Paul Winchester, Director, Head of ETD Sales, RBC Capital Markets
Gerald Perez, Managing Director, Interactive Brokers (UK) Limited
Robert Ray, MD International Products & Services, CME Group
Henrik Paulsson, President, Derivatives Markets, Nasdaq OMX
Brian Gelfand, Vice-President, Institutional Relations and Market Operations, Montreal Exchange

• Is standardisation the future for OTC derivatives? What are the limitations on contract flexibility?
• Is there still room for OTC and exchange traded derivatives? How will they interact in the future?
• Are exchanges meeting demand for OTC contracts? Examining the exchanges’ role in clearing OTC contracts
• Restoring confidence in derivatives markets through robust clearing solutions
• The challenges of trading and clearing complex products: Is central clearing the way forward?
• Regulating OTCs – what changes are needed?

Chair: Jeffrey Hogan, Managing Director, Business Development, BGC Partners
Garry Jones, Group EVP and Head of Global Derivatives, NYSE Euronext
Alexander McDonnald, CEO, Wholesale Market Brokers’ Association
John Noorlander, Head of Portfolio Strategy, Helvetia Insurance
Gerard Joynson, Head of Futures Marketing, RBS Global Banking & Markets
Simon Grensted, Managing Director of Business Development, LCH.Clearnet

11:00 Networking Coffee Break

11:30 Regulatory Panel: Taking the necessary steps to reform derivatives regulation

• Where did the previous regularly systems succeed and fail? Was the structure of some regulatory institutions to blame for failures?
• Managing the politics of regulation – what role should politics have in overseeing and staffing control of this sector
• Rethinking the regulation of the OTC market – was this market too lightly regulated in the past?
• Avoiding overregulation – what new concepts and approaches are needed for the futures and options market?
• Does the whole derivatives market need uniform regulation?

• Identifying hotspots for future market development focusing on Turkey, Eastern Europe and Russia
• Focus on key product grow areas such as; Equity Derivatives
• What are the key drivers of success?
• Mitigating and managing legal, political and clearing risks
• Popularity and distribution of structured products in key emerging markets

• Reviewing trends in commodities pricing in the past – have peaks and troughs been blamed on speculation or market forces?
• Effects of margin squeeze on institutional trades – what can exchanges do to enhance liquidity in the market place?
• Developing ETCs – what are the new asset classes?
• How should markets be regulated? If position limits are imposed by regulators how will the effect the market?
• Indexing - benchmarking initiatives in exchange traded places
• Attracting and retaining end users in the derivatives markets
• Managing risk in a multi-asset portfolio

15:30 Networking Coffee Break

15:50 Investor Panel: Maximising investment opportunities in volatile markets

• Implications of the financial crisis on risk appetite for derivatives investments
• Risk, rewards and motivations behind derivatives exposure - hedging, trading, arbitrage
• Is over regulation as big a threat to the flexibility of markets as under regulation?
• Key sectors and products for investment
• Managing exposure in volatile markets