Day 1  l  Day 2

CADC 2009 Program

Thursday, October 29, 2009 (day 1)

7:30 a.m.

Registration / Continental Breakfast

8:30 a.m.

Welcoming Address

Brian Gelfand, Montréal Exchange

8:40 a.m.

TMX 2010: New Opportunities

  • New initiatives
  • New markets and products
  • Integration update

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)

Glenn Goucher, CDCC
Earl Davis, Ontario Teachers' Pension Plan
Marc Larson, Bank of Canada
Jerry Summers, MF Global

10:10 a.m.


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

Claude Cyr, Newedge Canada Inc.
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

George Kormas, CDCC
John McPartland, Federal Reserve Bank of Chicago
Derek West, Autorité des marchés financiers

12:00 p.m.


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

Jim Smith, Trading Technologies International Inc.
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.


Sponsored by:

3:10 p.m.

Trading Volatility

  • Canadian volatility versus S&P 500 VIX
  • Value of realized volatility versus implied volatility

Srikant Dash, Standard & Poor's
Shreyas Chari, Arrowhawk Partners
Samir Dhrolia, Goldman Sachs & Co.
Steve Elgee, Periscope Capital Management

4:00 p.m.

Carbon Markets

Jean Nolet, ÉcoRessources Consultants (Presentation)
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.


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

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

Rob Tasca, Montréal Exchange
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)

Tom Pepevnak, Borden Ladner Gervais LLP
Gary Gault, Natural Gas Exchange Inc.
Calvin Johnson, CIBC World Markets Inc.
Tim Pickering, Auspice Capital
Jason Russell, Acorn Investments

10:40 a.m.


Sponsored by:

11:00 a.m.

Regulatory Developments

  • Global trends in derivatives regulation: exchange traded and OTC
  • Quebec derivatives regulation
  • Registration reforms

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)

Jason Taylor, Montréal Exchange
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

© Bourse de Montréal Inc. 2009