2024 Agenda
27 June 2024 | Woolwich Works
Whether you are a cross asset trading technologist or a single asset senior trader, the CMX agenda is designed to give you the power to pick and choose your asset class cohorts and sessions that are most applicable to you.
The agenda (scroll to view full 2024 agenda below) will include formats synonymous with The Finance Hive, with asset class specific streams consisting of masterclasses and roundtables (all of which operate under Chatham House Rule, no press or attribution in these areas) – overarched with plenary sessions that are collective critical challenges to the three asset classes we cover – FI, EQ and FX, alongside a new stream dedicated to Head Traders covering all three asset classes:
8.00 – 8.50: CMX Doors Open- Registration and Badge Collection
Join for morning refreshments in the Exchange
08.50: CMX Curtain Raiser
David McClelland, Technology Reporter, Presenter and Consumer Champion, Former BBC Presenter and Transformation Lead in Financial Services, Media and Telecoms
09.00: CMX Headliner: Architecting the future – Crafting a dynamic, multi-asset trading hub
Lynn Challenger, Global Head of Trading, UBS Asset Management
- People – The blueprint for excelling across diverse asset domains.
- Processes – Maximising cross-asset efficiency through analytics.
- Technology – Powering a thriving, multi-asset hub through unified tech solutions.
09.20: Leadership Xchange: The path to scalable trading – Uniting asset classes for efficient and dynamic end-to-end workflows
Chatham House Rule applies for this session
Moderated by Mark Croxon, Founder, Thames Bench Limited
Sabina Awan, Head of Strategic Initiatives, Fidelity International
Jennifer Young, Trading and Compliance, Franklin Templeton
Session purpose: Providing you with actional approaches to unite trading workflows for cost efficiencies.
Chris Hollands, Head of EMEA and US Sales, TS Imagine
- In the context of limited resources and budget constraints, how can you bring the functionalities of your technology into a multi-asset, one-stop-shop?
- The sophisticated trading desk – Reviewing the building blocks for an end-to-end workflow that is gelled together and is scalable across asset classes
- Evolving electronic workflows – What solutions can enable you to trade cross-asset products more efficiently?
- How should you review the potential for a long-term industry move set to be away from asset class silos and a specialist approach to high and low touch trading?
- How is the evolution of order routing playing out across asset classes towards increased low touch capabilities?
- What cross-asset processes can you consolidate as an effective strategy for cost reduction while maintaining best execution standards?
10.00: CMX Special Guest: Harnessing the power of AI and data in trading – The AI playbook and the route forward for trading leaders
David Foster, Author of Generative Deep Learning: Teaching Machines To Paint, Write, Compose and Play, and Co-Founder, Applied Data Science Partners
- From conception to implementation – Where should trading leaders focus their attention in the realm of generative AI?
- What are the practical aspects of AI such as where to apply, what models to use and how to ensure secure deployment of generative AI?
- The future of AI in trading – Uncover the application of generative AI technology in trading, exploring its potential to enhance decision-making and strategy development.
- A review of the practical application of generative AI technology in trading – What is the potential to enhance decision-making and strategy development?
- Implementation practicalities – How to address infrastructure, data, and compliance challenges when moving from pilot to production.
10:20 – 10:50: Morning Refreshments in The Exchange
10:50 – 11:10: Trade data optimisation
Chatham House Rule applies for this session
Moderated by Allan Guild, Director, Hilltop Walk Consulting
Benjamin Mahe, Head of Electronic Trading and Data, AXA investment Management
Puja Gupta, FX Strategist, Fasanara Capital
- The fundamentals for data source ingestion – What sources should and should not go into your lake?
- Putting your ‘Lego bricks’ together – How can you create one consolidated cross-asset data lake that you can rely on with different desk needs and technologies?
- How to warehouse your data and in what forms – Putting the best and most accurate data the fingertips of your traders.
- Balancing internal vs external data sources? How much data should you purchase and what is a fair cost?
- What structures and technology do you need to be able to query your data and pull out what you need in a fast and efficient manner?
- Data to outperform – How should you be using this to gain a competitive edge?
11:10 – 11:30: CMX Case Study: The AI anxiety vs. the AI opportunity
Rebecca Healy, Managing Partner, Redlap Consulting
Liakos Papapoulos, Trading and Technology Expert, Formerly MN Investment Partners
- Beyond automated routing – Where/How should AI help with the heavy lifting and efficiencies beyond just execution?
- AI & the trading desk- RFPs, information fill, counterparty selection, procedures and policies, chat AI, order routing, best ex analysis; reviewing the actual gains you should be reviewing now.
- Real time analysis- how to use AI to get ahead of the curve and adjust quickly to constantly changing market dynamics.
- Broker selection- How to use AI to monitor real-time data, axes, wire time behaviour to assess which brokers should be used based on an orders level of difficulty.
- Smart search- Using AI efficiently to find the information you need to know and arm your traders with more information.
- AI as a knowledge system – how should this self-learn and evolve over time?
11:35 – 12:10: Panel Xchange: Cross-asset O/EMS acceleration
Moderated by Mark Croxon, Founder, Thames Bench Limited
David Shack, VP – Trading Technology, Fidelity International
Ravi Sawhney, Global Head of Buy Side Execution, Bloomberg
Ash Aryal, Senior GTM Strategist, Simcorp
- Maximising OMS potential – Strategies to enhance functionality and performance.
- Bridging the gap between OMS and EMS features – Reducing linkages and costs for seamless trading systems.
- Evolutionary OMS – How can you transform current features to emulate EMS capabilities for streamlined operations?
- The holy grail of digitisation – How can you leverage your
current OMS for cost efficiencies, smart automation, and real-time optimisation in multi-asset trading systems?
12:15 – 13:30: Lunch and Networking in The Exchange
13:30 – 14.10: Panel Xchange: The Aftermath of T+1
Moderated by Stuart McClymont, Independent Market Structure Specialist
Huw Gronow, Head of Dealing and Implementation, Newton Investment Management
Nina Suhaib – Wolf, Director, Market Practice & Regulatory Policy, ICMA
Callum McPherson, Dealing Manager, Evenlode Investment
Jim Goldie, EMEA Head of Capital Markets, ETFs and Indexed Strategies, Invesco
- Exploring where new liquidity pockets have emerged and determining the most advantageous trading times
- Management of International Fund Cash Flows- Exploring how buy side firms are effectively managing cash flows for their international funds in the T+1 environment.
- Reviewing the efficacy of follow-the-sun models and potential outsourcing strategies – How have the buy side adapted their operational models?
- Risk Management Post T+1- Assessing the level of risk exposure resulting from T+1 implementation and steps being taken to mitigate operational risks associated with accelerated settlement.
- Operational Technology for T+1 Settlement – Discussing technological solutions and automation tools available to streamline and automate aspects of T+1 settlement processes to alleviate operational burdens.
- ESMA and FCA – Understanding the timelines and plans set forth to move to T+1 in Europe.
14:15 – 14:35: Panel Xchange: Dealer wallet share – How can you showcase the value you are getting from the sell side?
Moderated by David McClelland, Technology Reporter, Presenter and Consumer Champion, Former BBC Presenter and Transformation Lead in Financial Services, Media and Telecoms
Dan Dewar, Head Dealer Fixed Income, Invesco Henley
Nina Marsh, Senior Equity Trader, Australian Super
Eoghan O’Reilly, Senior Fixed Income Trader, Abrdn
- Benchmarking how buy side heads can manage counterparties in a firm manner, take a firm view when fake prices are added, and ensure they are receiving mutual respect.
- Creating a framework for trust-based relationships to achieve success.
- What steps are needed to maintain open communication with counterparties, being fair, and seeking ways to encourage better performance?
- Reviewing the optimal number of banks on your panel – How do you minimise information leakage?
- Advice to ensure you are retaining strong relationships with counterparties?
14.35 – 14.55: Empowering trader – PM relationships
Moderated by David McClelland, Technology Reporter, Presenter and Consumer Champion, Former BBC Presenter and Transformation Lead in Financial Services, Media and Telecoms
Martin Hendry, Head of Trading, LionTrust Asset Management
Ash Sharma, Global Trading Analytics Manager, Aviva Investors
Christie Goncalves, Assistant Portfolio Manager, Rathbones Wealth Management
- How can you empower your traders to demonstrate value and position the desk as an alpha contributor.
- Fund manager reviews – How should you look to enhance the way your trading team works with PMs to be more visible, empowered and advise though strategic execution?
- How should you use TCA to facilitate trader and PM collaboration?
- How can you build strong communication patterns to ensure PMs can stay on top of their investment actions and executions through the trade life cycle?
14:55 – 15:25: Afternoon Refreshments in The Exchange
16.25: Sell Side Spotlight: Buy side-sell side evolution – Collaborative strategies to overcome future costs and achieve mutual growth
Mike Poole, Head of Trading, Jupiter Asset Management
Matt Coupe, Industry Expert, FIX EMEA Co-Chair
- The bid-offer spread evolution – What do sell side desks want to see from the buy side to forge better individual relationships, leading to better pricing and better service?
- Future trading costs – How do you characterise the true cost of trading and should the buy side be prepared to front some of the cost in the near future?
- How can you best use and work with new technology as it evolves and how can the sell side support buy side tech evolution?
- In the ‘race to zero’, how are the sell side supporting their businesses in a sustainable manner?
- UK vs. EU investor bases – Should you consider different approaches with the sell side?
16.50: Leadership Xchange: Unveiling the modern execution trader
Moderated by David McClelland, Technology Reporter, Presenter and Consumer Champion, Former BBC Presenter and Transformation Lead in Financial Services, Media and Telecoms
Cathy Gibson, Global Head of Trading, NinetyOne Asset Management
Shaun Copeman, Head of FICC Trading, Federated Hermes
Gregory Armon-Jones, Managing Partner, Armon-Jones Partners
- The role of an execution trader – What makes a modern liquidity and trading mandate advisor?
- Strategies for skillset development in a tech-driven era
- How should traders be upskilling their knowledge and skillsets to effectively harness the latest technological advances?
- How should your traders advise on how they construct trading mandates and act as liquidity advisors and to help with product construction?
- As more automation comes to the fore, how should you evaluate how you redeploy resources across the desk?
- Strategies for training, developing, and retaining the new generation of traders, including mentoring and fostering development beyond ‘learning by osmosis’.
The Finance Hive Social: Summer Party @ CMX
17.25 – 19.30: Unwind with your colleagues and peers with food, drink and games, as well as music. Including Happy Hour sponsored by Galaxy!
19.30: Close
10:50 – 11:30: EQ Roundtables Round 1
Our roundtables, facilitated by industry leaders, foster collaborative discussions among 8-10 buy-side. These sessions drive market structure and tech initiatives, operating under Chatham House rule for open, trusted, and idea-rich dialogue.
Roundtable 1: Syndicate process automation
Reviewing the best industry solutions to automate the process.
Simon Steward, Head of European Equity Trading, Capital Group
Hosted by Mariam Kakar, Executive Director, Equities, S&P Global
Roundtable 2: Best practice EQ TCA
Reviewing how you can make gains with intra-day and post-trade TCA.
Alastair Clarke, European Equity Trader, Capital Group
Hosted by Anthony Gorgi, Co-Head, FX Go Sales Europe, Bloomberg
Roundtable 3: Data optimisation
Approaches to leveraging your data pools to extract additional alpha.
Frans de Wit, Head of Trading, PGGM Investments
Hosted by David Tattan, Lead Sales Specialist, LSEG
Roundtable 4: Maximising EQ Options
Capabilities- Accessing liquidity, risk management and flexibility
Tim Miller, Senior Equity Trader, Fidelity International
Hosted by Robert Switzer, European Head of Derivative Sales, Susquehanna (SIG)
Roundtable 5: Collateral Management
Best practice processes to align risk with the right management.
Frank Noel, MD, Head of Market Structure and Strategy, AXA Investment Management
Hosted by Mark Croxon, Founder, Thames Bench Limited
11:35 – 12:15: EQ Roundtables Round 2
Roundtable 1: The Future of Equity Trading
Buy, Build and modify to transform trading architecture.
Simon Durno, Buy Side Consultant, Hedge Fund Specialist
Hosted by Medan Gabbay, Chief Revenue Officer, Quod Financial
Roundtable 2: ETF Liquidity
Sharing best practice approaches to efficient execution.
Jason Conan-Davies, Head of Trading, Nutmeg
Roundtable 3: Algo Customisation
Reviewing how you can get more customisable algos and what qualifies.
Stuart Lawrence, Head of Equity Trading, UBS Asset Management
Hosted by Rebecca Healy, Managing Partner, Redlap Consulting
Roundtable 4: Smart Data Management and Automation
Benchmarking how to enhance your automation capabilities
Hosted by Chris Hollands, Head of EMEA and US Sales, TS Imagine
Roundtable 5: Dynamic straight through processing
Benchmarking how you can create more streamlined processes and realise true STP.
Simon Mackenzie, Head Dealer, Dealing Desk Manager, Raymond James Wealth Management
Hosted by Grant Lowden, Head of Go To Market, Simcorp
12:15 – 13:30: Lunch and Networking in The Exchange
14:15 – 14:55: Networking and meetings in The Exchange with CMX recommended partners and the buy side
14:55 – 15:25: Afternoon Refreshments in The Exchange
15:25 – 16:15: EQ Workshops
Our workshops offer a specialised, interactive session led by a subject matter expert to educate and empower members in specific areas of the industry. Limited to 12-15 participants for an immersive learning environment.
Workshop 1: Equity Issuance – The path to STP – Enabling buy side OMS/EMS to relay order indications using FIX
Hosted by Primary Portal
Workshop 2: Is the traditional liquidity order dead?- Benchmarking best practice strategies for maximising liquidity access.
Hosted by Reactive Markets
Sell Side EQ Drop-in Clinic
A pre-prepared question and answer closed-door session between a leading sell side institution and a select group of EQ buy side.
10:50 – 11:40: FI Workshops
Our workshops offer a specialised, interactive session led by a subject matter expert to educate and empower members in specific areas of the industry. Limited to 12-15 participants for an immersive learning environment.
Workshop 1: Navigating Credit EM- Market Structure Evolution and Opportunities
Hosted by Goldman Sachs
Workshop 2: Navigating Credit Futures – Innovative use cases, trading strategies and liquidity dynamics
Hosted by Susquehanna (SIG)
Sell Side FI Drop-in Clinic
A pre-prepared question and answer closed-door session between a leading sell side institution and a select group of FI buy side.
11:45 – 12:15: Networking and meetings in The Exchange with CMX recommended partners and the buy side
12:15 – 13:30: Lunch and Networking in The Exchange
13:30– 14:10: FI Roundtables Round 1
Our roundtables, facilitated by industry leaders, foster collaborative discussions among 8-10 buy-side. These sessions drive market structure and tech initiatives, operating under Chatham House rule for open, trusted, and idea-rich dialogue.
Roundtable 1: FI liquidity provision through different trading protocols
A focus on how you can build out efficiencies to establish the best path to trade.
Tabea Handrick, Senior Fixed Income Trader, MEAG
Hosted by Sarah Brown, Co-Head of Liquidity Analytics, Bloomberg
Roundtable 2: FI ETFs – Unlock the block
A guide to how can you integrate ETFs into FI workflow.
Joe Bellman, Head of Dealing, Arbuthnot Latham
Hosted by Melvyn Merran, Head of Systematic Trading, Europe Jefferies
Roundtable 3: The shift towards RFM
Pioneering new frontiers for liquidity sourcing
Andrew Fielding, Trading & Execution Manager, AustralianSuper
Hosted by Angus McDiarmid, Managing Director, Tradeweb
Roundtable 4: Strategies to Enhancing Fixed Income Automation
Cross protocol execution automation services
Jordan Erenrich, Head of Execution Technology, PIMCO
Hosted by Chris Murphy, CEO and Founder, Ediphy
Roundtable 5: Axe Dissemination
A focus on how you can improve your access to up-to-date axes to improve execution quality.
Sven Rudolf, Head of Trading, ODDO BHF AM
Hosted by Byron Cooper, Fogarty, CEO, Neptune
Roundtable 6: Does an EMS suit your trading needs?
Debating the question of whether a FI ES is cost effective for you
Hosted by Chris Hollands, Head of EMEA and US Sales, TS Imagine
14:55 – 15:25: Afternoon Refreshments in The Exchange
15:30 – 16:10: FI Roundtables Round 2
Our roundtables, facilitated by industry leaders, foster collaborative discussions among 8-10 buy-side. These sessions drive market structure and tech initiatives, operating under Chatham House rule for open, trusted, and idea-rich dialogue.
Roundtable 1: Credit auto-execution
Reviewing how far you should look to take your auto-ex capabilities.
Jonathan Tricker, Portfolio Manager and Trader- Credit, Vanguard
Hosted by Mike Roffey, Managing Director, Head of European Credit, Tradeweb
Roundtable 2: FI Consolidated Tape
Reviewing the timelines to implementation and the use cases of the CTP
Steven Swann, Head of Derivatives and Investment Solutions, Abrdn
Hosted by Chris Murphy, CEO and Founder, Ediphy
Roundtable 3: Maximising your data
Reviewing how you can use your fixed income data to improve trading insights.
Sharon Ruffles, Head of Fixed Income Dealing, State Street Global Advisors
Hosted by Manuela Bauer, Sales Director, EMEA, Flextrade
Roundtable 4: Reducing the primary market burden
Sharing approaches to cutting out a lot of the manual nature of new issues.
James Frew, Co- Head of Fixed Income Trading, Pictet Asset Management
Hosted by Oliver Dermaux, Executive Director, Fixed Income Strategy, S&P Global
Roundtable 6: FI ETFs – Unlock the block
A guide to how can you integrate FI ETFs into your workflow.
Raphael Stern, Global Head of Fixed Income Portfolio Management, ETFs and Index Strategies, Invesco
Hosted by Jared Epstein, Head of Systematic Trading, Americas, Jeffries
10:50 – 11:30: Networking and meetings in The Exchange with CMX recommended partners and the buy side
12:15 – 13:30: Lunch and Networking in The Exchange
13:30 – 14:20: FX Workshops
Our workshops offer a specialised, interactive session led by a subject matter expert to educate and empower members in specific areas of the industry. Limited to 12-15 participants for an immersive learning environment.
Workshop 1: The evolution of automated FX workflow
Hosted by SGX FX
Workshop 2: Institutional digital assets – The cross-pollination of FX and crypto.
Hosted by Galaxy Digital
Sell Side FX Drop-in Clinic
A pre-prepared question and answer closed-door session between a leading sell side institution and a select group of FX buy side.
14:25 – 15:05: FX Roundtables Round 1
Our roundtables, facilitated by industry leaders, foster collaborative discussions among 8-10 buy-side. These sessions drive market structure and tech initiatives, operating under Chatham House rule for open, trusted, and idea-rich dialogue.
Roundtable 1: FX emerging markets
Improving access to pricing and eTrading at scale.
Paul Ferrier, Head of Fixed Income and FX Trading, GAM
Hosted by Margarida Franco, Co-Head FXGO Sales Europe, Bloomberg
Roundtable 2: Optimising workflow through rules based automation and pre- trade TCA
Marrying pre trade analytics and automation to enhance FX workflows.
Alan Lucero, FX Trader, Norges Bank Investment Management
Hosted by Stuart Parkins, EMEA Head of GlobalLink FX Product Sales, FX Connect
Roundtable 3: Data capture and distribution
How can you add value while reducing costs?
Christian Ritzmann, Head of Trading Money Market and FX, SNB
Hosted by Roque Castro, Chief Commercial Officer, Elysium Technologies
Roundtable 4: FX analytics
Exploring the true productivity and the advantages you can gain.
Joseph Forde, FX Trader, Brown Brothers Harriman
Hosted by Romael Karam, Director, FX Strategic Partnerships, LSEG
Roundtable 5: Transforming FX Trading
Blending vendor technology with in-house development- Build, buy, modify.
Simon Durno, Buy Side Consultant, Hedge Fund Specialist
Hosted by Medan Gabbay, Chief Revenue Officer, Quod Financial
Roundtable 6: Swaps Evolution
How can you drive change through electronification?
Mark Molloy, Senior Trader, Nomura Asset Management
Hosted by Paul Lambert, CEO, New Change FX
14:55 – 15:25: Afternoon Refreshments in The Exchange
15:30 – 16:20: FX Roundtables Round 2
Roundtable 1: FX workflow optimisation
Reviewing how you can optimise FX trading from data transmission to execution.
Marc Putter, Head of Trading, Transtrend
Hosted by Simon Campbell, Group Head of Trading, CMC Connect
Roundtable 2: Optimising workflow through rules based automation and pre-trade TCA
Marrying pre trade analytics and automation to enhance FX workflows.
Hosted by Stuart Parkins, EMEA Head of GlobalLink FX Product Sales, FX Connect
Roundtable 3: FX automation
How can you develop SOR 2.0 in FX?
Rich Turner, Senior Trader, Currency Solutions, Insight Investments
Hosted by Uday Chebrolu, SVP-FX, Flextrade
Roundtable 4: Effective Cash Managemnt
Reviewing the building blocks to setting up a separate treasury desk.
Neil Palan, Multi Asset Dealer, Sarasin and Partners
Marc Tuehl, Managing Director, Global Head- GIS FX Overlay, HSBC
Hosted by Kimberly Myers, FX Sales Manager, LSEG
Roundtable 5: T+1 Implementation
Reviewing the most optimal solutions and experiences to manage the process.
Hosted by Allan Guild, Director, Hilltop Walk Consulting
11:35 – 12:25: Head Trader Think Tank
Build a winning trading culture
Hosted by Nigell Todd, Head of Global Foreign Exchange Trading, Fidelity International
Alastair Clarke, European Equity Trader, Capital Group
- Diversity, skill development, team dynamics and ongoing improvements to mitigate risks and maintain efficiencies
- Advocating for diversity of thought and inclusive practices to enhance team proactivity and performance- What are the proven results of doing this?
- Reviewing the shift of trading demographics to tech-savvy traders- How are trading heads managing this transition?
- How can you adapt to managing the challenge of individual needs and the importance of open dialogue for career progression?
- As a leader how can you embolden and power your team to push for change, and cultivate a successful and dynamic trading culture?
- With an evolution in skillsets and a different type of young trader talent coming forward, how should you work closely with your senior specialists to support them?
- Staff training, education and retention- What are a new generation of traders motivated by to stay and commit to your culture?
12:15 – 13:30: Lunch and Networking in The Exchange
13:30 – 14:20: Head Trader Think Tank
Best execution strategies for multi-asset trading
Liakos Papapoulos, Trading and Technology Expert, Formerly MN Investment Partners
- How can you compare cross-asset traders like-for-like?
- Data – ensuring you have the right data framework in place for outperformance
- Best-in-class, cross-asset TCA metrics, benchmarks and reporting
- How can you ensure you have the key trading intelligence for verifying execution quality across a range of benchmarks, from high-touch to direct market access?
The next generation of execution quality reporting. Ensuring you are delivering trading intelligence to your desk.
14:30- 15:10: Networking and meetings in The Exchange with CMX recommended partners and the buy side
14:55 – 15:30: Afternoon Refreshments in The Exchange
15:25 – 16:15: Head Trader Think Tank
How to make your trading desk more valuable.
Huw Gronow, Head of Dealing and Implementation, Newton Investment
Management
Ross Hallam, Head of Equity Trading (London) RBC
- What tasks are trading heads taking on to the desk to show value-add
- Innovative strategies to elevate the value of your trading desk and achieve unprecedented success.
- With technology taking centre stage, how can you strategically redeploy resources across your trading desk for maximum impact and efficiency.
- How to identify and cultivate essential soft skills that empower traders in the contemporary era, ensuring adaptability and resilience.
- Actionable approaches for trading heads to not only demonstrate but also position their desks as indispensable contributors to organisational success?
Main Stage
Hear from cutting-edge industry leaders during exclusive, 20-minute CMX talks or our panels with a representative from each part of the trading value-chain for sessions across all asset classes, or to an asset-class specific cohort to provide critical industry updates as a market pioneer.
Asset Class Specific Roundtables
Our roundtables are moderated by an industry leader, facilitating a group conversation amongst 8-10 buy side, designed to help drive forward key market structure and technological initiatives. They operate under Chatham House, allowing for an open dialogue and free flow of ideas in a trusted setting.
CMX workshops
Private sessions led by an industry thought leader in a particular field, designed to educate and enhance knowledge in a particular area of the industry. Each workshop is open to 12-15 buy side attendees to promote an open interactive learning experience.
Buy side 121 meetings
Want a more tailored, intimate experience- speak to a member of the CMX team who are on hand to organise dedicated 20 minute 121 meetings on the day. The 121 meeting concierge service is available to all buy side.