Conference in Budapest, 2009

 

Programme

March 4, 2009 Day I: Pre-conference IT Workshop: Getting IT Ready;
Learning from best practces- How can exchanges establish their best technological fit?

After the success of the 2008 Pre-Conference Workshop focussed on “Setting up a Derivatives Exchange”, the AFM has decided to organise an IT based Pre-Conference Workshop to precede the 2009 Annual Conference in Budapest.
Purpose of the Pre-Conference Workshop will be to educate and provide relevant and up to date technological information for those exchanges and participants in the Emerging Markets exchange business.
An agenda has been designed which we hope will deliver the key information that is needed when deciding upon implementation of a suitable IT solution. Several case studies will facilitate sharing of experience and identification of the best fit for your own markets.

Workshop Moderator: Clive Furness (Contango Markets)

09:00 - 09:10 Introduction to the IT Workshop: What is important from an IT persective in Emerging Markets? -

Clive Furness, Contango Markets

09:10 - 10:10 Focus: Case Study I - Implementation of IT system for financial markets:
Building Competitive Advantage by Choosing the Suitable Technology Solution

By Paul Constantinou, Trayport and Darius Cipariu, SIBEX

10:10-10:40 Coffee break

10:40-12:30 Case Study II: Implementation of IT systems for commodity markets
Achieving competitive advantage through effective use of technology

  • Patsystems discusses the implementation process of its exchange system at start-up commodity exchanges, including AFET and TGE.
    • Graeme Neilly, Director, Global Account Management, Patsystems
    • Myriam Condon, Business Development and New Sales, Patsystems
    • Dr. Nitus Patrayotin, President, AFET
  • Kjell Paulsson, OMX and Pavel Opara of the Polish Power Exchange

12:30-13:30 Lunch

13:30-14:45 Case Study III: Implementation of IT systems where the exchanges developed their own IT solution in house or in cooperation with a system provider
Basis for long-term success - obtaining the right technology and cooperation

The JSE and STT cooperation in developing a Total Derivative Exchange IT Solution - including front end, matching engine, deal management, physical delivery and clearing solution

By Roderick-Gravelet Blondin (JSE) and Michelle Janke (STT)

14:45-15:00 Coffee break

15:00-16:15 Case Study IV: Public Private Partnership Model for Exchanges

By John Mathias, Singapore Mercantile Exchange

16:15-16:30 Wrap up and Closing remarks

17:30-19:30 AFM General Assembly (for members only)

20:00 Opening Coctail

21:00 Opening Dinner

 

March 5, 2009 Day II: 12th AFM Annual Conference

08:00 - 09:00 Registration

09:00 - 09:15 Welcoming Remarks

  • Dr. Nitus Patrayotin on behalf of Chairman Sanit Vorapanya, Association of Futures Markets; Chairman; President of
    Agricultural Futures Exchange of Thailand
  • Dr. Mihály Patai, Chairman, Budapest Stock Exchange

09:15 - 09:45 Keynote Address:

09:45 - 10:45 Roundtable 1: The response of small, open markets to global crisis - the Hungarian case
Moderator: David Setters, Contango Markets
Panelists:

  • Julia Király, Board Member, Hungarian National Bank
  • István Hamecz, OTP Fund Manager
  • György Dudás, CEO, KELER
  • Tamás Móró, Concorde Securities
  • Péter Duronelly, Budapest Investment Management Company

10:45 - 11:15 Coffee break

11:15 - 12: 45 Roundtable 2: Restoring Investors’ Confidence – What can/must markets and their regulators undertake and what should they avoid

Futures trading and its outlook under recent economic movements- - will we witness fundamental changes in the futures industry?
Recent movements and crises in the world economy has received increasing attention from the government, producers and consumers, buyer and sellers, financial investors, some of them blaming derivatives trading. This crises surely have special implication for the commodity futures markets in the present and the future.

Moderator: Allan Thomson (JSE)

Panelists:

  • Otto Naegeli (OEN Consulting)
  • Simon Rostron (Rostron Parry)
  • David Hiscock (ICMA)
  • Robert Ray (Managing Director, CME Group)

12:45 - 14:00 Lunch Break

14:00 - 15:15 Roundtable 3: Will the Central Eastern European region reach its potential?

Moderator:Bill Templer.Global Head of ETD, UBS

Panelists:

  • Lidia Adamska (Warsaw Board of Trade);
  • Darius Cipariu (SIBEX);
  • Attila Tóth (Budapest Stock Exchange);
  • Septimius Stoica (President and CEO, Bucharest Commodity Exchange)

15:15-15:30 Coffee Break

15:30- 16:45 Roundtable 4: IT - Wrapping up the Pre-conference workshop

Moderator: Clive Furness, Contango Markets

Panelists: Select participants of the IT Pre-conference day

16:45 Session Concludes

17:00 Visit to the Hungarian Parliament
For more information about the Hungarian House of Parliament, please visit: www.parlament.hu

20:00 Conference Gala Dinner: Medieval Evening in the House of Royal Wines and Cellar Museum
Do you want to know more about the Gala Dinner? Please click HERE!

March 6, 2009 Day III: 12th AFM Annual Conference

09:00 - 09:45 Case study presentation: How Holland got ready for derivatives training? (Options Training Initiatives in Holland)

by Alan van Griethuysen, Euronext. Liffe

09:45 - 10:45 Roundtable 5: Indexes - Great for markets and investors but how to set them up properly?

Moderator: Stuart Beavis, HSBC

Panelists:

  • Dr. John Mathias (Chief Business Officer, Singapore Mercantile Exchange),
  • Dr. Markus Thomas (STOXX)
  • Yaman Basaran (Deputy CEO, TURKDEX)
  • Paul Meier, Chairman, SFOA

10:45 - 11:15 Coffee Break

11:15 - 12:30 Roundtable 6: Energy - fit for local markets?

Implications of Physical market structure and crises to futures trading: to how extent physical market structure counts in setting up derivative exchanges in the developing economies

Moderator: Michael Jesch, Partner, bankon Management Consulting


Panelists:

  • Dr. John Mathias (Chief Business Officer, Singapore Mercantile Exchange)
  • Mrs. Rodica Popa, Romanian Power Market Operator (OPCOM)
  • Mr. Sverre Hakestad, Senior Vice President, (Nordpool Consulting)

12:30 - 14:00 Lunch

14:00 - 15:15 Roundtable 7: Food crisis - Myth or Reality? If so - who is to blame? Speculators, regulators, exchanges...?

Moderator: Adam Gross (Bourse Africa)

Panelists:

  • Roderick Gravelet-Blondin (JSE);
  • Lamon Rutten (MCX)
  • Robert Ray (Managing Director, CME Group)
  • Attila Kovács, Nitera Hungary (Former Chairman of AFM)
  • Arifin Lumban Gaol, Jakarta Futures Exchange, Indonesia

18:20 Danube River Cruise with Dinner

Medieval Evening
5 March 2009
AFM 12th Conference, Gala Dinner


The event is jointly sponsored by the
Budapest Stock Exchange
and
KELER

 

The House of Royal Wines and Cellar Museum can be found in the picturesque Buda Castle on 1400 square meters. The real thing to be admired in the House of Royal Wines and Cellar Museum, under the surface are the wine cellars which belonged to the Royal Castle as well as to the citizens who lived in the territory of the Renaissance era of Buda. Speciality of the place is, that it was an existing wine cellar already in the 14th century.


After arrival, the guests will visit the cellars, an exciting cultural-historical heritage from the 13-19 centuries, with the help of a local guide, who will tell us information about the centuries old wine-making history of Hungary, and it’s wine regions. The museum visit will be time after time interrupted by wine tastings introduced by sommeliers.


The museum visit will be followed by an outstanding dinner in the Knights Room of the Cellar: participants are invited to a journey back in time to the middle ages. The atmosphere will be provided by some unusual attractions, jokes, that will help us feel being in the Court of a Renaissance king... However, executions are not expected, but noone will miss the outstanding Hungarian wines during the dinner! Richness, pomp, smells, tastes, sabre-rattling...this will be the characteristics of the night!


Hope, that you will join us for the Medieval Evening!

 

Gala Dinner venue website: http://www.kiralyiborok.hu