Monday, March 12, 2007

• Welcome
  Pierre Willems, Head of Local Clearing & Custody Product, BNP Paribas

• Stuff that Works: Consumer-firms' market data executives discuss how they manage their teams and their external relationships to provide timely, accurate financial information to their firms' investment professionals and customers. We will focus in detail on the tools and techniques that they use to manage their firms' acquisition and usage of financial information.

  The topics to be addressed include:

  • How have the challenges changed for them over the last few years?
  • Managing relationships with internal and external customers and vendors.
  • What software and systems help them do their jobs? What more is needed?
  • What role does, or will, outsourcing play?
  • Staffing and human resources issues

  Moderator:
  Andrew Delany, Publisher, A-Team
  
  Panelists: David Berry, Barclays Capital, Didier Schnurr, Natixis, Mark Usiak, UBS

• Update from the Financial Data Vendors Association
  Galaad Baudry, Thomson Financial

• The Course of the Exchange, and Other Things: An examination of Market Data throughout the ages. How far have we come since the broker John Castang, issued his first price list in London in 1698? Titled "The Course of the Exchange, and other things" this sheet was published, twice weekly on Tuesday and Friday. Today, Investment Decision Making is based on Market Data delivered in "real-time", which has led to the perception that it is possible to offer complete market transparency and best execution to all. Is this realistic?

  Speaker: Martin Sexton, London Market Systems

• Corporate Actions: Ask any two people what they mean by corporate actions and you're likely going to get 5 different answers. This discussion will focus on Corporate Actions: the definition and scope - what's included, what's not; the commercial aspects that are emerging; and what FISD can do to help its members deal with these issues.

  Panelists:
  Tony de Lucovich, Program Manager, TAP Solutions
  Martijn Groot, Manager Product Management, Asset Control
  Tim Taylor, Lead Standards Specialist, S.W.I.F.T. SCRL
  Karl Landolt, Telekurs Financial

• Lunch
  
  
• MiFID and Symbology: MiFID raises the spectre of numerous new liquidity pools and sources of real-time market data. To meet their transparency and best execution obligations under MiFID, financial institutions will need to be able to uniquely identify securities across diverse data sources. This challenge is particularly acute in front-office environments where real-time data is displayed. Data vendors and financial institutions' display applications will need to convey this information subject to "screen real estate" limitations.
  • Does unique identification of a security require the identification of the location where it is listed, traded, cleared & settled?
    
  • How will issue symbology support these needs?
    
  • What technical and display limitations does the industry face?
    
  • How will distributors integrate different sources of market depth data?
    
  • Can standards be utilised (e.g., ISIN and MIC) to uniquely identify issues?

  This panel will seek to predict what the post-MiFID world will look like and identify the stumbling blocks that the market data industry must address. The panelists (and the audience) will discuss potential approaches to these issues including desk-top display and the use of standards.

  Moderator:
  Simon Leighton-Porter, Director, VSA Financial

  Panelists:
  Andrew Allwright, Head of Marketing - Exchange Traded Instruments, Reuters
  Glenn Bedwin, European Head of Research, Thomson Financial
  Richard Gissing, Chief Technology Officer, Gissing Software
  Andre Kelekis, Global Market Data - Senior Strategist, BNP Paribas
   

• FISD Reports:
  
  Operations & Governance Report:
  Tom Davin, Vice President & Managing Director
  
  FISD Security Processing Automation Report:
  Bill Nichols, Acting Program Director
  
  FISD Business Issues Report:
  Paula Hardy, Program Director
   
• Billing & Invoicing:Presentation on the FISD's Billing & Invoice best practice recommendations. The FISD Billing & Invoice Working Group is a broad-based group that has worked over the last year to develop these recommendations for all providers of invoices.
  David Toomey-Wilson, Market Data Systems, Ltd.
   
• Constituency Groups Meetings: Discuss Market Data Issues and Initiatives with your Peers. The FISD constituency group sessions provide a unique opportunity to candidly address market data business issues and practices with your colleagues from firms in your same industry segment. The Exchange and Consumer group will have a joint meeting. Meeting agendas for all 3 constituencies will be emailed to registrants prior to the meeting.

• Reception @ Pavillon Kléber 

• Registration/Breakfast
   
• EuroMTS - a platform's perspective of MiFID
  Niteen Sharma, Manager, Compliance, EuroMTS Limited
  
  OMX Update:
  Company News Service and Genium - services and technology for the future
  Arent Rřnn, Senior Development Manager, OMX, Information Services
  Update on new technologies for trading, post trade and information services and  a comprehensive News service designed for the dissemination of price-sensitive information to investors, journalists, analysts and media on a Nordic, Baltic, European and global scale.
   
  MiFID Joint Working Group: Update on the activities of the subject groups
  Chris Pickles, Chair
  • Real-time Market Data Subject Group, Tom Davin, Chair - Vice President, FISD/SIIA
  • Standard Protocols Subject Group, Simon Leighton-Porter, Co-chair - Director, VSA Financial
  • Reference Data Subject Group, Simon Leighton-Porter – Director, VSA Financial
  • Cross Jurisdiction, Subject Group, Alan Jenkins, Co-Chair –  Consultant, Bearing Point
  • IT Subject Group/Technology Risk Group, Dan Frost, Co-chair - Morgan Stanley Investment Management
  • MiFID Joint Working Group Deutschland, Peter Heister, Co-chair - Business Development, Thomson Financial
  • MiFID Forum France (M2F), Emmanuel de Fournoux, Chair - Markets Infrastructure – AFEI French Association of Investment Firms
  • CESR Guidelines and Recommendations on Publication & Consolidation of MiFID Market Transparency Data
    Chris Pickles – Chair, MiFID Joint Working Group

• Constituency Group Meetings: Exchange and Consumer groups will meet individually to debrief and determine next steps in relation to the discussion from joint meeting held on Monday.