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Program Overview |
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6th World Financial Information Conference
Product and Business Strategies for the New Market Data Industry
The only global meeting dedicated exclusively to the business of market data
October 14-16, 2003
Fairmont Hotel, Washington, DC
The FISD's World Financial Information Conference (WFIC) is the meeting ground for the global market data industry. Held every other year, the WFIC brings together senior management from every segment of the industry - exchanges, market centers, market data vendors, news organizations, specialist data providers, enabling technology companies, investment managers, broker/dealers, custodian banks -- to focus on the core strategic, technical and commercial issues associated with the worldwide flow of financial information.
FISD has designed a provocative program on the critical trends shaping the new market data industry. Sessions will emphasize the regulatory, technological, competitive and operational drivers of the business transformation currently underway within the market data industry - and project what they will mean for the economics of our business, the definition of business roles and the product strategies of affected organizations.
The WFIC program will not just tell you what you already know by simply describing the issues that are confronting our industry. Instead, we will use the current issues as a starting point to project how the next phase of our business (and the functions of the players) will evolve and what companies will be forced to deal with as a result.
Schedule at a Glance
PROGRAM DESCRIPTIONS
The Role of History in a Data Hungry World
The opening keynote will set the tone for the rest of the conference by looking at the current state of the financial information industry as well as the drivers of business transformation and what the next phase might hold for industry participants.
Don Weeden, Managing Director, Weeden & Co., L.L.P.
Defining the Landscape of the New Market Data Industry
In this session, FISD will ask three of the industry's leading research firms to survey the various industry segments to conduct original research to both define the core issues that are driving the future of the financial information industry and analyze how they will affect future business strategy and the overall competitive landscape of the market data industry.
- Moderator: Mike Atkin, VP, FISD/SIIA
- Adrian Goulbourn, Publisher, Risk Waters Group
- Herbert Skeete, Head, Exchange Strategy, Reuters
- Larry Tabb, Founder & CEO, The Tabb Group
Market Data Vendors Speak Out
Top executives from the major market data vendors will discuss, in a moderated panel, the content strategies and the future of traditional market data vendors in the financial information industry of tomorrow.
- Moderator: Mike Atkin, VP, FISD/SIIA
- Stuart Clark, President, IDC/Comstock
- Louis Eccleston, President Banking and Brokerage Group, Thomson Financial
- Alexander Hungate, Chief Marketing Officer, Reuters Group
- Eugen Niesper, CEO, Telekurs USA, Inc.
- Christopher Feeny, CEO, Moneyline Telerate
Implications of the
New Investment Services Directive
A few weeks ago, the European Parliament approved the basic principles of the
new Investment Services Directive (ISD). This is perhaps the biggest change in
the European market data industry since the advent of electronic trading – and
will increase the price reporting responsibilities of every EU investment firm
and ECN. The luncheon presentation will describe the implications of the new ISD
and its impact on exchanges, data vendors and investment firms.
- Chris Pickles,
Manager, Industry Relations, Radianz
- Wendy Morgan, Head of Information Products, London Stock Exchange
- Frank Desmond, Head of Content Acquisition Europe, Reuters
Market Data Industry Turmoil: Old Ideas Meet New Realities
This panel discussion will examine how the information requirements for the financial industry are changing and what participants are doing (or need to do) to accommodate. The panel members will explore whether the industry is simply in a "bad patch" or whether the business models are permanently broken - and address such questions as:
- Would value increase if existing full-service vendors were broken up?
- Exchanges are re-entering businesses they once abandoned. Are successful new strategies possible, or is there institutional amnesia?
- Exchanges are becoming vendors; brokers are becoming markets (ECNs) and vendors are buying exchanges. Is there a strategy or is it: "Any port but mine in a storm?"
- Can the old model be fixed, or should it be tossed?
Moderator: Ralph Williams, President, Tee Williams Associates
- Ron Jordan, VP Market Data, NYSE
- Christoph Lammerdorf, Managing Director of Information Services, Deutsche Börse AG
- Paul Pluschkell, Chief Operating Officer, Hyperfeed
- Roberto Rivero, Head of Sales & Marketing, Information Services, London
Stock Exchange
Regulation in the New Market Data Industry - What Does it Mean?
Regulation is likely to have a big impact on the market data business - both from a market structure/data services and a market compliance/risk management perspective. This session will feature key regulatory participants from around the world debating the direction of market regulation as well as its strategic implications to the operations of the financial information industry. Moderator: Brandon Becker, Wilmer, Cutler & Pickering
- Mike Gorham,Director, Div of Market Oversight, Commodity Futures Trading
Commission
- Robert Colby, Division of Market Regulation, SEC
- Rich Bernard, General Counsel, NYSE
- Rick Ketcham, General Counsel, Global Corporate & Investment Banking, Citigroup
XML Transmission Compaction - The Quest for Streaming Updates
The use of XML for market data is now a reality. In this demonstration real market data, both reference and real time streaming, are combined and displayed in a "typical" market data application. The demonstration showcases the MDDL standards in a "reference" market data system utilizing FISD's XTC (Xml Transmission Compaction) Toolkit.
- James Hartley, Chief Technologist, FISD
What Customers Really Want (and aren't getting)
This session will feature top customers (representing a broad cross-section of markets) defining the information content, applications and services they want but are unable to get in order to conduct their business in the future. The users will create a series of products definitions that they would buy if only they could get a vendor to listen. Think of it as a reverse trade show.
Moderator: Ralph "Tee" Williams, President, Tee Williams Associates
- Keith Michaud, eServices Manager, Capital Group Research
- Dave Van Hecke, Systems Adminstrator, Market Data Feeds,
Strong Capital Management
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Trip Wadleigh, Manager, Market Data Services
Brown Brothers Harriman & Co.
Future Strategies for the Management of Market Data
This session will take a strategic view of the challenges of market data management - now and in the future. Issues discussed will include the core elements and long-term realities of cost containment, sourcing strategies, vendor management, entitlements and permissioning, distribution infrastructure, format standards, and outsourcing.
- Moderator: Tom Jordan, Executive Director, Jordan & Jordan
- Ken Brady, Executive Director, Morgan Stanley
- Don Khouri, VP Market Data, Fidelity Investments
- John White, Principal, State Street Global Advisors
Changing Face of Research
Research is high value market data and is under intense scrutiny by regulators and industry participants. This session will examine how financial market research will be sourced, aggregated, distributed, packaged and consumed - in the next phase of our business.
- Moderator: Marcy Pike, VP, Data Services Manager, Wellington
Management Co. L.L.P.
- Sarah Dunn, Chief Content Officer, Thomson Financial Research
- Deirdre Goldenbogen, VP, Electronic SErvices Librarian, PUtnam Investments &
Steering Committee Co-Chair, RIXML
- Jon Lewis, Vice President, Equity Research Services, American Century
Investment Management, Inc
- John Mahoney, SVP Research and Development, Reuters Research
- Jack Roehrig, Director Information Technology Services, Merrill Lynch
Global Political/Economic Outlook (luncheon speaker)
Our initial luncheon address will feature one of the business editors from a leading media property to give us an indication of how external forces (i.e. politics, economics, global events) will affect the global business landscape in which we all operate.
- Thomas Mann, Senior Fellow, Governance Studies,
The Brookings Institute
The Back Office Moves Forward - Making the Reference Data Connection
By now, the industry has realized the importance of Reference Data as a key
enabler of automated straight through processing. Yet many have yet to solve the
challenge of effectively building and then integrating their reference data
solutions into their enterprises. This session will focus on the elements of a
Reference Data solution, discuss integration strategies, and address some of the
challenges to face, including workflow, “just in time” data, alternative data
sourcing and the possibilities of off-shore development and support.
- Moderator: John Bottega, Director, Global Market Investments, Merrill Lynch
- Bob O’Brien, VP Product Management, FTI
- Barry Raskin, President, Telekurs USA
- Anthony Rizzi, VP Global Reference Data, JPMorgan Investor Services
The Future of Administration
This discussion will address the core issues affecting data procurement and inventory management including the drive for administrative simplicity, data management efficiency and the challenges associated with market data policy rationalization.
- Moderator: Janet Santasieri, Principal, MJ Innovative Solutions
- Rob Leitner, President, The Roberts Group
- Kevin Milgram, Director, UBS AG
- Brian Reed, VP of Marketing, Formscape
Ushering in the Age of Standards
Senior operational practitioners are beginning to coalesce around standards as the underpinnings of the next generation of financial services. This session will provide a roadmap of the critical standards affecting institutional STP and outline the standards-related challenges associated with achieving the goals of cost-reduction and improved operational efficiency.
- Moderator: Sara Banerjee, Vice President Data Operations & Procurement, Telekurs USA, Inc.
- Genevia DiMitrion, VP Product Management, State Street Global Advisors
- Margaret Hibschman, Global IT Product Head, Barclays Global Investors
- Tim Lind, Senior Analyst, Tower Group
- James Leman, Managing Director, Electronic Equity Trading & Connectivity,
Citigroup
Pushing the Capacity Envelope - When is Enough, Enough?
Decimalization, sub-penny increments, market volatility and a host of new information products are continuing to push the market data capacity envelope. This session will provide an outlook on capacity and address some of the alternatives for moving market data and applications more efficiently.
- Moderator: Gerald Mintz, Executive VP, Reuters America Inc.
- Jeff Wells, Sr. VP, Quality Assurance, Reuters
- Tom Davin, Senior Vice President - The NASDAQ Stock Market
- Tom Knorring,VP Market Operations, CBOE
- Elizabeth King, Associate Director, SEC
- Dave Lenowitz, Head of Trading Floor Technology, Susquehanna
International Group
Beyond Equities - Information Requirements for Fixed Income
Indexing and benchmarking are essential trading strategy ingredients - but how are benchmarking standards defined and who sets the standard? Join this panel of leading information service providers for a provocative debate on the value of expanded data and the future direction of data from which FX and foreign exchange instruments are priced.
- Moderator: Jeffrey Maron, Senior VP Global Content, Moneyline Telerate
- Baldwin Smith, Director, Fixed Income Research, Credit Suisse First Boston
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John Kirby, Principal, Fixed Income Index Team, State Street Global Advisors
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Julie Warren, Managing Director, New York Life Investment Management LLC
Business Editors View of the Industry
The concluding panel will feature a collection of business editors given the task of defining the forces that are driving change as well as analyzing the core drivers affecting the growth and development of the global financial industry.
- Organizer: Adrian Goulbourn, Publisher, Risk Waters Group
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