Global Macro Opportunities

Buy-side industry leaders debate current Canadian and global investment opportunities in fixed income/credit derivatives.

Asset allocation in a higher volatility regime: ETF trends and solutions.

Senior Advisor to Stephen Poloz, Governor of the Bank of Canada

Buy-side leaders discuss the current volatility landscape and express their views.

Algorithmic trading is now part of our landscape, posing its own regulatory challenges. This panel will discuss regulation and enforcement cases involving algorithmic trading from Canadian, US and UK/EU perspectives.

What are the various regulation regimes and how do they differ? Does algorithmic trading create more opportunities for market abuse? What are best practices for supervising an algorithmic trading system? What if algorithms were to purposely or recklessly disrupt a market? So many questions, only nano seconds of time...

Over the last year, options on ETFs have continuously hit record volumes. Where is the uptake coming from?

MX introduced Futures on ETFs last year. An overview of why this product was introduced.

Are there still gaps in the market?

2, côte de la Fabrique, Québec

Volatility, from a risk indicator to an investment class, the journey of the last 30 years.

How can volatility strategies be used to increase portfolio returns or protect their value?

Post trade services are rapidly evolving to serve an increasingly diverse set of stakeholder expectations beyond traditional CCP services. In this overview, Glenn will discuss what TMX is doing to meet this challenge while continuing to deliver globally competitive, safe and efficient clearing systems for market participants.

Bonds rarely align perfectly on a curve: apparent arbitrage opportunities between relatively cheap and relatively rich bonds are common. We use the relative value of sovereign bonds to measure limits of arbitrage in fixed-income markets. We construct indices of relative value for several sovereign issuers; we show that they are robust indicators of market frictions and funding stress in each country. We find that relative value indices exhibit strong commonality across countries and that they explain option and corporate bond prices.