CADC 2009 Program
Thursday, October 29, 2009 (day 1)
7:30 a.m.
Registration / Continental Breakfast
8:30 a.m.
Welcoming Address
Speaker:
Brian Gelfand, Montréal Exchange
8:40 a.m.
TMX 2010: New Opportunities
- New initiatives
- New markets and products
- Integration update
Speaker:
Alain Miquelon, Montréal Exchange
9:20 a.m.
Interest Rate Markets
- How credit spreads have narrowed and where they go from here
- Overnight interest rate products and how they've fared since the easing of the credit crunch
- Rise in inflationary expectations and what that means for your bond portfolio
- Popular trades (US/CAD 10yr spread, BED spread, CGB-10yr swap/bond)
Moderator:
Glenn Goucher, CDCC
Speakers:
Earl Davis, Ontario Teachers' Pension Plan
Marc Larson, Bank of Canada
Jerry Summers, MF Global
10:10 a.m.
Break
Sponsored by:
10:30 a.m.
Canadian Options: A Growing Opportunity
- The Canadian options landscape: What has changed?
- Evolving views from sell side and market makers
- Challenges, threats and opportunities
Moderator:
Claude Cyr, Newedge Canada Inc.
Speakers:
Ian Macdonald, RBC Capital Markets
Lino Morra, BMO Capital Markets
Jeff Polzin, Wolverine Trading
11:20 a.m.
Over-the-Counter Derivatives and Centralized Clearing
Moderator:
George Kormas, CDCC
Speakers:
John McPartland, Federal Reserve Bank of Chicago
Derek West, Autorité des marchés financiers
12:00 p.m.
Lunch
2:00 p.m.
The Case for Algo Trading Derivatives
- Challenges to algo trading options/futures markets
- Volatility: friend or foe of algos?
- Opportunities for algo development
- Bottlenecks to peak algo trading performance
Moderator:
Jim Smith, Trading Technologies International Inc.
Speakers:
Abe Kohen, FlexTrade
(Presentation)
Robb Ross, White Indian Trading Company Limited
(Presentation)
Andy Schumacher, J.P. Morgan Securities Canada Inc.
Andrew Yao, Credit Suisse
2:50 p.m.
Break
Sponsored by:
3:10 p.m.
Trading Volatility
- Canadian volatility versus S&P 500 VIX
- Value of realized volatility versus implied volatility
Moderator:
Srikant Dash, Standard & Poor's
Speakers:
Shreyas Chari, Arrowhawk Partners
Samir Dhrolia, Goldman Sachs & Co.
Steve Elgee, Periscope Capital Management
4:00 p.m.
Carbon Markets
Moderator:
Jean Nolet, ÉcoRessources Consultants
(Presentation)
Speakers:
Dr. Frédéric Brodach, DEXIA Carbon Fund Managers S.A.
(Presentation)
Pierre Doumit, Enel Trade SpA - Adb Energy Management
(Presentation)
Sara Ståhl, European Climate Exchange
(Presentation)
5:00 p.m.
Cocktail
Friday, October 30, 2009 (day 2)
7:30 a.m.
Continental Breakfast
Sponsored by:
8:30 a.m.
Meet the Managers: Hedge Funds and MX Products
Speakers:
Ranjan Bhaduri, AlphaMetrix Alternative Investment Advisors, LLC
Kamran Siddiqui, Polar Securities
Michael Yhip, Garrison Hill Capital Management Inc.
9:10 a.m.
Indices, ETFs and Derivatives
- ETF creation and marketing
- Where do we go from here?
- Market quality for end users
- Volume and liquidity trends
Moderator:
Rob Tasca, Montréal Exchange
Speakers:
Howard J. Atkinson, Horizons Exchange Traded Funds Inc.
Sid Oberoi, Standard & Poor's
Steve Sosnick, Timber Hill / Interactive Brokers
Steven Ulbrich, Promark Global Advisors
10:00 a.m.
Canadian Energy Markets
- Futures on oil sands crude
- Regulatory developments (e.g. position limits to curb speculation)
- Opportunities in crude/natural gas trading (widening crack spreads; contango; LNG impact on natural gas)
Moderator:
Tom Pepevnak, Borden Ladner Gervais LLP
Speakers:
Gary Gault, Natural Gas Exchange Inc.
Calvin Johnson, CIBC World Markets Inc.
Tim Pickering, Auspice Capital
Jason Russell, Acorn Investments
10:40 a.m.
Break
Sponsored by:
11:00 a.m.
Regulatory Developments
- Global trends in derivatives regulation: exchange traded and OTC
- Quebec derivatives regulation
- Registration reforms
Speakers:
Jean-François Bernier, Interactive Brokers
(Presentation)
Jacques Tanguay, Montréal Exchange
Derek West, Autorité des marchés financiers
11:40 a.m.
Buyside Adoption of Derivatives
- Impact of the bear market on derivative adoption
- Comments from fund sponsors (insurance companies, pension plans, endowments, foundations)
- Comments from fund managers (asset managers, ETF providers and hedge funds)
Moderator:
Jason Taylor, Montréal Exchange
Speakers:
Mark Holleran, New Brunswick Investment Management Corp.
Savvas Pallaris, Alberta Investment Management Corp.
Guillaume Pichard, Ministère des Finances (Québec)
12:30 p.m.
End of conference