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Derivatives Operations and Processing Conference
Full-Day Conference

This one day conference brings together academics, practitioners, consultants, regulators, and policymakers to analyze and assess the various types of risks and tackle the tough issues around derivatives operations. This format will integrate the perspectives of Banks, Hedge Funds and Other Market Participants, Supervisors of Financial Institutions, Investment Managers, Custodians and Asset Service-Providers with the broader financial stability concerns.

In an area as dynamic and innovative as derivatives, regulators and firms have found it increasingly difficult to keep up with the evolution of the instruments. The time lag between the introduction of a product and industry-wide understanding will be a problem if regulators and examiners are inadequately equipped to assess the products, strategies, models, and internal controls used by dealers for derivatives activities. A lack of understanding at the regulatory and legislative level on derivatives and its management risks could cause an increase in "regulatory risk" - the risk that inappropriate regulations or ill-conceived regulatory actions could accelerate disruptions and heighten volatility during a market crisis.

While there has been a steady increase in the use of exchange-traded derivatives, over-the-counter (OTC) derivatives are growing at a phenomenal rate as asset managers use them for hedging and as an investment. According to statistics from the Bank for International Settlements (BIS), the OTC derivative markets grew by 25% in the first half of 2007, compared to 12% in the second half of 2006. With this relentless growth, pressure has been put on operational infrastructure and raised regulatory concerns.

An overwhelming majority of OTC derivatives contracts are negotiated between sophisticated institutional counterparties, which are able to establish appropriate contracts and counterparties. The roles of clearing houses and settlement are another challenge to the industry and players. As a result of this industry-wide growth, the need to improve the operational efficiency of the back-office has never been greater. Derivatives as an asset class have the lowest level of automation across all segments of the investment industry. Automation has been a challenge due to the wide variety of instruments and rapid change in the products that are traded.

The agenda, which can be viewed online includes:
-The State of the Industry
-The OTC Derivatives Processing Landscape
-Requirements for Derivatives Processing
-Best Practices
-Derivatives Operations and Alternative Investments
-Outsourcing Trends
-Derivative Settlements: The Process in Clearing Derivatives
-Next Generation or Risks: New Derivatives
-The Future of the Industry: A Cross Industry View of Derivatives in the Market

In addition, a concurrent Vendor Exhibit will feature displays by leading derivatives administrators, managers, operations and solution providers. Exhibitors include SS&C Technologies Inc. For information on sponsor & exhibit opportunities, email Alana Anderson or call 212-328-2500 x238.



Exhibitors

 - SS&C Technologies

 - SuperDerivatives

Media Partners














Conference Agenda

Derivatives Operations and Processing Conference
Full-Day Conference

CPE Credits: 8 [?]


Bayard's, 1 Hanover Square
New York, NY, 10004 [view map]
US

Apr 24, 2008

    08:00 to 09:00
Session   Registration and Breakfast
    09:00 to 09:20
Session   Chair's Opening Remarks Address
Chairman   Hal McIntyre, Managing Partner, The Summit Group
    09:20 to 10:05
Session   Keynote Address: Derivatives Processing - Managing the Imbedded Operational Risks
Speaker   Stephen Kane, Principal, OpHedge Investment Services
    10:05 to 10:50
Session   Panel: The OTC Derivatives Processing Landscape - Relationship Between the Asset Manager and Custodian
Moderator   George Reis, Industry Consultant, AMF/SIFMA
Panel   Michael Burg, Derivative Project Manager, Assistant VP, BNY Mellon Asset Servicing
Panel   Marisol Collazo, Vice President, Business Development, DTCC
Panel   Gary Nussenbaum, Member, AMF Steering Committee
    10:50 to 11:15
Session   Mid-Morning Refreshment Break with Exhibitors
    11:15 to 11:50
Session   Requirements for Derivatives Processing - The Issues, Challenges and Solutions
Speaker   Keith Bergman, Vice President, Pendo Systems
    11:50 to 12:35
Session   Panel: Best Practices in Derivatives Management
Moderator   Bohdan Chomut, Senior Market Manager, SWIFT
Panel   Susan Hinko, Managing Director, Industry Relations, TriOptima North America LLC
Panel   Bill Youngberg, Director, Financial Services, Thunderhead
Panel   Ted Brooks, Product Manager, Markit
Panel   Marshall Terry, Head of Derivative Operations, Sandelman Partners, L.P.
    12:35 to 01:35
Session   Luncheon
    01:35 to 02:10
Session   Derivatives Operations and Alternative Investments
Speaker   Isabel Orellana, President, TCG Financial Consultancy
    02:10 to 02:45
Session   What is the "Price" of a Derivative: Models vs. Markets?
Speaker   Sasha Rozenberg, Product Manager, SuperDerivatives
    02:45 to 03:05
Session   Afternoon Refreshment Break
    03:05 to 03:40
Session   Derivative Settlements: The Processes in Clearing Derivatives
Speaker   Edward Gogol, Managing Director, CME Group
    03:40 to 04:25
Session   Panel: The Future of the Industry - A Cross Industry View of Derivatives in the Market
Moderator   Phillip Silitschanu, Director of European Research, Aite Group LLC
Panel   Brad Bailey, Director, Business Development, Knight Capital Group
Panel   Gillian Christie, Director, Deloitte Consulting LLP
    04:25 to 05:00
Session   Next Generation of Risks - New Derivatives
Speaker   Sandra Giuffre, Principal, GA Capital LLC
    05:00 to 05:35
Session   Outsourcing Trends in Derivative Operations
Speaker   Don Murphy, Director and Global Head, LaCrosse Global Fund Services
    05:35 to 05:45
Session   Chair's Closing Remarks and End of Conference
Chairman   Hal McIntyre, Managing Partner, The Summit Group






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