Conference Programme 

Wednesday, May 8, 2019

19:00 - 20:00 Welcome Cocktails in Chicago Room of Palmer House Hilton

Thursday, May 9, 2019

09:00 – 09:10  Conference Welcoming Remarks

  • Pat Kenny, Chairman, Association of Futures Markets; USA      

09:10 – 09:30  Fireside chat with Terry Duffy, Chairman and CEO of CME Group, USA

  • Pat Kenny, Chairman, Association of Futures Markets; USA

09:30 – 10:45  Roundtable 1:  The Changing Landscape of Derivatives

Change is all around. Participant profiles and roles, disruptive technology, new products attracting new players and reevaluation by the incumbents, consolidation in all sectors. These are just some recent trends, but what do they mean for the health of the industry? Are these the drivers in harnessing future market growth? With the growing appetite for cryptocurrencies and blockchain technologies, how do emerging markets respond to the trend?

Moderator: John Lothian, President, President and CEO, John J. Lothian and Company, USA
Panelists:

  • Nicholas Kennedy, Head of Commodities, Euronext, France
  • Mark Omens, Executive Director, Retail Sales, CME Group, USA
  • Serene Cai, Director, International Sales, Singapore Exchange

10:45 – 11:15  Coffee break

11:15 – 12:30  Roundtable 2: Cryptocurrencies and Digital Asset Exchanges

Crypto has thrived by being on the fringes. We discuss the likely impact on growth if it becomes subject to mainstream regulation. Will regulation bring cryptos to the top table in terms of acceptability to the broader market?

Moderator:
Panelists:

  • Nicole Wahls, Manager II, Investigations, National Futures Association, USA
  • Chip Dempsey, Chief Commercial Officer, OCC, USA
  • Scott Riley, Board Advisor, GMEX/MINDEX, UK
  • Louisjan Bonthuys, Director, STT, South Africa

12:30 – 14:00 Lunch

14:00 – 14:20 Fire-side chat with Leo Melamed, Chairman Emeritus of CME Group, USA

  • Roderick Gravelet-Blonding, Former Member, Association of Futures Markets; Former General Manager of JSE Securities, South Africa

14:20 - 14:40  Case study presentation: African Commodity Exchange (ACE), a true commodities market, looking at benefits that may accrue from a shift to blockchain and crypto

  • Kristian Möller, CEO, African Commodity Exchange, Malawi

 14:40 – 15:50  Roundtable 3: The outlook for CCPs

In light of new margin requirements imposed on uncleared derivatives trades globally, the demand for greater capital efficiency is increasing. What’s the trend for central clearing of the over-the-counter derivatives? Would the dominant CCPs nowadays become too big to fail? Should more exchanges or other parties join in scratching the global market of CCP business?

Moderator: Otto Naegeli, Principal, OEN Consulting, Switzerland
Panelists:

  • John Davidson, President and Chief Operation Officer, the Options Clearing Corporation, USA
  • Girish Raipuria, CEO, Shrikaam Fincon Consulting, India
  • Tamás Horváth, Chief Operating Officer, KELER CCP, Hungary
  • Andrew Dodsworth, Director of Operations and Risk, Dubai Gold and Commodities Exchange, Dubai, UAE

15:50 – 16:15  Coffee Break

16:15 – 17:00  AFM General Assembly (for Association members only!)

19:00 - 20:30 Gala Reception in Union League Club

 

Friday, May 10, 2019

09:00 – 10:30  Visit to CME (tbc)

10:30 – 10:45  Coffee Break

10:45 - 11.00   Keynote Address by Walt Lukken, President and CEO, Futures Industry Association, USA

11:00 – 12:15  Roundtable 4: FinTech in the Exchange Space

Suppliers and users with varied experiences will present how they see FinTech working in markets. The panel will discuss if organisations have well-developed in-house FinTech programs. They will shed light on the future development of FinTech. Further distributed ledger technology (DLT) will be analysed and its potential to displace markets, generic approaches to using DLT and if DLT is used as a complimentary technology to support defined processes. AI, ML and their role for these techs in the exchange space (AML, surveillance, compliance, voice monitoring) will be discussed.

Moderator:
Panelists:

  • Andrew Leighton, Sales, CQG, USA
  • Louisjan Bonthuys, Director, STT, South Africa

12:15 – 13:15 Lunch

13:15 -  13:45 Keynote Presentation

  • Richard L. Sandor, Chairman and CEO, American Financial Exchange

13:45 – 15:00  Roundtable 5: Mapping the Regulatory Landscape

Generally - is regulation truly supportive of market development? Is there an argument that too much regulation is born out of fear of the knowns and uncertainty of the unknowns? In the established markets where are we after 15 months of MIFID II? Are the regulators well placed to set the rules and standards for the emergent crypto and disruptive nouveau?

Moderator: Andrea Corcoran, Principal, Allign International LLC, USA
Panelists:

  • Kristen Scaletta, Associate Director, Communications, National Futures Association, USA
  • Melinda Schramm, Chairman and Founder, National Introducing Brokers Association, USA
  • Brian Bussey, Director, Division of Clearing and Risk, CFTC, USA

15:00 – 15:20 Coffee Break

15:20 – 16:40  Roundtable 6: Exchange panel

As large exchanges get bigger and stronger is there space for smaller or new entrant markets? What are their key success factors e.g. specialisation, manoeuvrability, access to non-demanding capital etc. How has the availability of independent technology helped then. The panel will feature new and/or small exchanges and it will talk about the challenges of start-up, their early experiences, lessons learnt etc. always with a view on the likely end game.

Moderator:
Panelists: Chris Sturgess, Past Chairman, AFM, South Africa

  • Terry Adembesa, Derivatives Market Director, Nairobi Securities Exchange, Kenya
  • Edward Woodford, CEO, SEED CX, USA
  • Alexander Belozertsev, Alexandra, Inc, Russia
  • Alexander Bashliy, Chief of Foreign Relations, Belarusian Universal Commodity Exchange, Belarus
  • Donald Roberts, President and CEO, The Small Exchange, USA

 16:30 – 16:45 Look to the Future and Concluding Remarks

  • Paul Constantinou, AFM President