13th annual 27 - 28 February 2018 Muscat, Sultanate of Oman

NEW CUSTOMERS, NEW REVENUES AND NEW PARTNERSHIPS FOR THE WORLD’S ESTABLISHED AND EMERGING TRADING VENUES

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Created by www.terrapinn.com/WEC2018 #WECOman

Confirmed Speakers Patrick Birley, CEO, NEX Exchange Renuke Wijayawardhane, Chief Regulatory Officer, Colombo Ahmad Aweidah, CEO, The Bernardo Mariano, Managing Director, Equity Research Desk Bo Wang, Chief Technology Officer, Chris Richardson, CEO, Percival Software Tiaan Bazuin, Chief Executive Officer, Paul McKeown, Senior Vice President, Market Technology, Nasdaq Li Zhengqiang, Chairman, Dalian Commodity Exchange Charbel S. Azzi, Head of Middle East, Africa & CIS, S&P Dow Jones Indices Rashid bin Ali Al-Mansoori, CEO, Qatar Stock Exchange Robert Scharfe, CEO, Luxembourg Stock Exchange Neeraj Kulshrestha, Chief Business and Operations Officer, Ludwig Nießen, COO/CTO, Vienna Stock Exchange Jalil Tarif, Secretary General, Arab Union for Securities Commissions Krishika Narayan, CEO, South Pacific Stock Exchange Aleš Ipavec, President of the Management Board, Michael Völter, Chairman of the Board, Vereinigung Baden-Württembergische Amina Turgulova, Deputy CEO, Astana International Exchange Stephan Pouyat, Global Head of Capital Markets and Funds Services, Euroclear Ivan Takev, Executive Director, B.S.E. Sofia Gerard Hartsink, Chairman, The Global Legal Entity Identifier Foundation Ivana Gazic, President of the Board, Paul Constantinou, President, AFM Daniel Körmöczi, Deputy CEO, Haitham Al Salmi, General Manager, Muscat Clearing & Depository Paul Bwiso, Chief Executive Officer, Uganda Securities Exchange Alissa Amico, Managing Director, GOVERN Economic and Corporate Governance Hannes Takacs, Associate Director, The European Bank for Reconstruction and Center Development Steven King, CIO, EquiChain Khaled Abdul Razzaq Al Khaled, CEO, Boursa Lucian Anghel, President of the Board of Governors, Bilel Sahnoun, CEO, Tunis Stock Exchange Obaid Al Zaabi, Chief Executive Officer, Securities and Commodities Authority Petr Koblic, CEO, Prague Stock Exchange Sanjay Golecha, Vice President, Regulatory Compliance, Multi Commodity Aliadair Haynes, Chief Executive Officer, Aquis Exchange Exchange India Muhammed Lukman, Chief Executive Officer, National Clearing Company of Fadi Khalaf, Secretary General, Arab Federation of Exchanges Pakistan Remus Danila, Director International Relations, Budapest Stock Exchange Konstantin Saroyan, Secretary General, FEAS Sami Saliba, CMA Executive Board Member, Capital Markets Authority Lebanon Keisuke Arai, Chief Representative in Europe, Shreekantha Velankar, Assistant Vice President, NSE IT/ NSCCL Robert Ansari, Executive Director, MSCI Inc Mohsen Adel Helmy, Vice Chairman, Ganesh Iyer, Director, Global Marketing and Thought Leadership, IPC Taehyun Noh, Director of Global Business, James Martin, General Manager, Europe, Middle East and Africa, Market Rainer Riess, Director General, Federation of European Securities Markets Technology, Nasdaq Rafael Plata, Secretary General, European Association of CCP Clearing Houses (EACH)

Day 1 – Tuesday 27th February 2018

08:00 Registration commences and morning refreshment served

08:45 Welcome from Conference Director and opening remarks from Chairman: Rainer Riess, Director General, Federation of European Securities Markets

New growth opportunities Chairman: Rainer Riess, Director General, Federation of European Securities Markets

09:00 Official Welcome Address Ashraf Nabhani, Chairman,

09:10 Future investment opportunities in the Gulf Gulf capital is increasingly significant for global markets, as shown by Saudi Arabia’s pledge to invest billions in US infrastructure through its Blackstone collaboration, as well as its backing of the Softbank Vision Fund, and the international reach of the region’s sovereign-wealth funds. The deepening of the region’s financial markets, including wealth and asset management and real estate investment trusts, is in turn drawing international investors seeking new sources of growth. This panel of leading financiers and experts will discuss the place of Gulf capital in global markets, and how the region’s financial markets may continue to attract foreign investors. Khalid Muhammad Al Zubair, Chairman, Ominvest

09:30 Duqm Port and SEZAD

09:50 How exchanges can become more attractive to investors by diversifying into technology, data and analytics revenue streams • What makes an exchange stand out? • How do exchanges widen their investor base? • What are the best methods to reach new investors? • 5 steps to create value in your markets Moderator: Konstantin Saroyan, Secretary General, FEAS Khaled AbdulRazzaq AlKhaled, CEO, Petr Koblic, CEO, Prague Stock Exchange Aleš Ipavec, President of the Management Board, Ljubljana Stock Exchange Renuke Wijayawardhane, Chief Regulatory Officer, Lucian Anghel, President of the Board of Governors, Bucharest Stock Exchange Mohsen Adel Helmy, Vice Chairman, Egyptian Exchange

10:20 Morning break and Speed Networking

Market Innovation

11:20 Data, analytics and technology: Innovative and alternative revenue generation strategies for exchanges • How are exchanges diversifying beyond traditional revenue streams? • How do you build a competitive, alternative business model? • Disrupting the business model of the traditional stock exchange • What does the future exchange look like? What is on the horizon for exchanges? Patrick Birley, CEO, NEX Exchange

11:40 Assessing the impact upgrades and downgrades can have on potential growth • Understanding the process markets follow to prepare for an upgrade • What institutional investors need to see and to be assured of before moving into a market • How index providers rule on market classifications • Understanding the impact on liquidity if classification changes Robert Ansari, Executive Director, MSCI Inc

12.00 The Changing Face of Market Infrastructure Technology • Widespread adoption of cloud technology – how will this affect how market infrastructure organizations operate in the future? • Use cases for On Prem versus PaaS and SaaS? • Adopting a services model and associated benefits • Other emerging technologies and how they will advance traditional exchange, clearing and settlement systems Paul McKeown, Senior Vice President, Market Technology, Nasdaq

12.20 Proven success stories to enhance regional collaboration • How can regional exchanges best work together? • What are the common mistakes made in the past when it comes to regional collaboration? • What opportunities are there to expand collaboration beyond regions? • The new world order: Which regions will come to the fore in the next decade? Tiaan Bazuin, Chief Executive Officer, Namibian Stock Exchange

12:40 Networking lunch and exhibition viewing

New Revenues New Technologies New Opportunities Chairman: Paul Constantinou, President, Chairman: Rafael Plata, Secretary General, AFM European Association of CCP Clearing Houses (EACH) 14:10 How can smaller exchanges best increase Industry predictions: Dealing with rapid regulatory Exchange Listed SME Investment Vehicles their revenue streams? change • Raising money through listed SMEs to invest • Exchanges in small economies are forced • What impact have new regulations had on the in non-listed SMEs to focus on SMEs. But for SMEs the cost of industry? • Developing a dedicated SME market within public listings seem too high and hence • What are the challenges and opportunities on the your exchange the scope of SME listings is limited. horizon? • Seeking ways to enhance SMEs entry to • Hence, small exchanges need to come up • How does direct customer access change the game? finance with innovative, suitable offerings for • What are the practical implications on technology of • What are the other components to supporting SMEs and become technology enablers new regulations? SME development? for financial institutions. Chris Richardson, CEO, Percival Software Hannes Takacs, Associate Director, The • Embracing new technology to increase European Bank for Reconstruction and revenues. Development • For example:

• Launching a repository for the registration of FI OTC transactions like CETIP • Creating a market for deferred payment cheques and promissory notes for SMEs (This type of Short- term instruments are usually the most important source of financing for SMEs)

Bernardo Mariano, Director, Equity Research Desk

14:30 Panel: New technology, data and analytics Panel: Is RegTech the new FinTech and how can we Panel: The new generation of post-trade services: How are exchanges reinventing harness its potential? technology and capabilities themselves for tomorrow? • Do we really know yet how RegTech will impact us? • How are clearing houses innovating? What • Who will tomorrow’s customer be and • How is regulatory technology helping exchanges factors are driving it? what will be their key priorities? understand and manage their risk? • What solutions can be offered by CCPs that • How will tomorrow’s customer expect us • Opportunities to introduce new capabilities that are are currently being offered by alternatives? to embrace new technologies? designed to leverage existing systems and data to • Why it is vital that post trade venues innovate

• Communicating your message: How must produce regulatory data to stay ahead of the game this change? • Reporting in a cost-effective, flexible and timely • What are the themes coming up in post-trade • What steps are exchanges taking to manner without taking the risk of replacing or updating innovation? prepare for tomorrow? legacy systems Muhammed Lukman, Chief Executive Officer, Amina Turgulova, Deputy CEO, Astana Jalil Tarif, Secretary General, Arab Union for Securities National Clearing Company of Pakistan International Exchange Commissions Shreekantha Velankar, Assistant Vice President, Robert Scharfe, CEO, Luxembourg Stock Paul Bwiso, Chief Executive Officer, Uganda Securities NSE IT/ NSCCL Exchange Exchange Haitham Al Salmi, General Manager, Muscat Rashid bin Ali Al-Mansoori, CEO, Qatar Stock Neeraj Kulshrestha, Chief Business and Operations Clearing & Depository Exchange Officer, Bombay Stock Exchange Moderator: Rafael Plata, Secretary General, Ivana Gazic, President of the Board, Zagreb Gerard Hartsink, Chairman, The Global Legal Entity European Association of CCP Clearing Houses Stock Exchange Identifier Foundation (EACH) Ludwig Nießen, COO/CTO, Vienna Stock Exchange

15:10 How have recent mergers between How can developing markets best diversify revenue The Evolving Structure of Exchanges: exchanges and CSDs changed markets? streams through new technology Implications on Growth and Profitability • Encouraging market efficiency by merging • How can exchanges best harness the potential of CSDs with your exchange blockchain, AI and other new technologies Alissa Amico, Managing Director, GOVERN • Where are the success stories? without breaking the bank? Economic and Corporate Governance Center • What are the steps to begin the process of • What new technologies are on the radar for combining? developing exchanges? • What are the benefits to foreign investors? • How best to determine what is essential for your Ahmad Aweidah, CEO, The Palestine customers’ growth Exchange • Applied lessons from mature markets: What works and what doesn’t? Ludwig Nießen, COO/CTO, Vienna Stock Exchange

15:30 Afternoon networking break

Chairman: Paul Constantinou, President, AFM 16:10 Confronting the challenges of tomorrow through diversifying services: How can exchanges best prepare for growth? • International partnerships and collaboration: How can exchanges equip themselves to meet tomorrow’s requirements? • Predicting the new role of the exchange in a new age of FinTech

• Enhancing and encouraging collaboration between exchanges: What can be done? • Engaging tomorrow’s customer: How will their needs differ? • What threats and opportunities are posed from RegTech? Alasdair Haynes, Chief Executive Officer, Aquis Exchange

16:30 Roundtable discussions

Emerging market exchange collaboration The Future of Investment in Oman Cloud infrastructure in practice Capital Markets Development Ominvest Workshop Haitham Al Salmi, General Manager, James Martin, General Manager, Hannes Takacs, Associate Muscat Clearing & Depository Europe, Middle East and Africa, Market Director, The European Bank for Technology, Nasdaq Reconstruction and Development

How will changes to regulation affect the development of smaller future of exchanges in the Middle East and exchanges, identification of new globally revenue streams and opening up to international markets Alissa Amico, Managing Director, GOVERN Krishika Narayan, CEO, South Pacific Stock Exchange

17:20 Announcement regarding the World Exchange Congress 2019

17:30 Evening entertainment – Offsite dinner, hosted by the Muscat Securities Market. Buses will depart at 7:00pm

Day 2 – Wednesday 28th February 2018

08:30 Registration continues

08:45 Opening remarks from Chairman Rafael Plata, Secretary General, European Association of CCP Clearing Houses (EACH)

New Partnerships

09:00 Keynote: Globalization of Islamic capital market: development framework • The future of the Islamic capital markets • Outlining a roadmap for future developments Obaid Al Zaabi, Chief Executive Officer, Securities and Commodities Authority

09:20 How are established trading venues increasing liquidity in the market? • How can new investors best be identified and how are new partnerships established? • What are the crucial questions new investors have before deciding to partner? • Eradicating risk through ensuring safety and transparency: what steps can you take? • Taking those partnerships internationally: how to get started Sami Saliba, CMA Executive Board Member, Capital Markets Authority Lebanon

09.40 Providing “Chinese Prices”, Supporting Global Economic Governance Li Zhengqiang, Chairman, Dalian Commodity Exchange

10:00 How can exchanges best help to promote innovation and nurture tomorrow’s companies? Ivana Gazic, President of the Board, Zagreb Stock Exchange

10:20 Global Connectivity: Why it Matters More Than Ever for Exchanges Reliably and securely accessing global liquidity venues- Equities, Fixed Income, FX, Commodities, Derivatives, Multiple Asset Classes Ganesh Iyer, Director, Global Marketing and Thought Leadership, IPC

10:40 Morning networking break

New Technologies New market growth Chairman: Rafael Plata, Secretary General, European Association of CCP Konstantin Saroyan, Secretary General, FEAS Clearing Houses (EACH)

11:20 The development of Shanghai Stock Exchange in big data and market National stock exchanges, capital markets authorities and government: How surveillance technology can they best work together? • With increasing demand and pressure from FinTech, the demand of • What steps can differing organisations take to create a successful working RegTech has become more than ever in Shanghai Stock Exchange. relationship? • How do you apply the big data in RegTech? • Which organisation should take the lead in embracing disruptive • What are the best methods of building your big data platform? technologies? Bo Wang, Chief Technology Officer, Shanghai Stock Exchange • Pushing for change: How best to approach negotiations Amina Turgulova, Deputy CEO, Astana International Exchange 11:40 MiFID II – finally reality! Capitalizing on the SME market in growing economies: How best to engage • MiFID II – a european project comes true • How can smaller exchanges nurture SME growth? • What are the first implications? • What can a large hub of SMEs in a local market do for the economy? And on a • Effects on a regional exchange? global scale? • Lessons learned • Which markets have seen successes from SME involvement? Michael Völter, Chairman of the Board, Vereinigung Baden- Neeraj Kulshrestha, Chief Business and Operations Officer, Bombay Stock Württembergische Exchange

12.00 Panel: Global Exchanges 2.0: Harnessing the strength of fintech, blockchain Panel: Developments & Innovation in Smaller Exchanges and effective data analysis to better service your customers • Solutions designed specifically to meet the demanding needs of the financial • How can exchanges best ensure they remain at the forefront of technology community development to satisfy their customers? • Optimising delivery of multicast normalised and raw exchange data • How to get the best use out of your data and analytics • The fragility of the markets and the dangers of inadequate insight and • What can your data teach you about making your exchange more transparency efficient? • Real examples of where this technology has benefitted an exchange and its • Identifying opportunities to increase your customer spend through customers additional services Ivan Takev, Executive Director, B.S.E. Sofia Steven King, CIO, EquiChain Khaled Abdul Razzaq AlKhaled, CEO, Boursa Kuwait Dmitry Machikhin, CEO, Midex Bilel Sahnoun, CEO, Tunis Stock Exchange Neeraj Kulshrestha, Chief Business and Operations Officer, Bombay Stock Fadi Khalaf, Secretary General, Arab Federation of Exchanges Exchange Moderator: Konstantin Saroyan, Secretary General, FEAS Remus Danila, Director International Relations, Budapest Stock Exchange

12:40 Networking Lunch Preparing for the challenges of tomorrow

14.00 Islamic Finance Products • Key Sukuk; Structured Products; Trading Products such as ETPs, EFTs. • A perspective from Sharia Asset Managers and Sharia Rating agencies Charbel S. Azzi, Head of Middle East, Africa & CIS, S&P Dow Jones Indices

14:20 ETFs: How can they be a catalyst for emerging markets? • The emerging markets are among the cheapest assets around after underperforming developed markets over the past few years • ETFs: Emerging markets as a better source of yield after global central bankers expanded their easy money policies • Exploring the evolution of ETFs, and predicting the barriers to growth • Why should all firms consider implementing an ETF strategy? Stephan Pouyat, Global Head of Capital Markets and Funds Services, Euroclear

14:40 Where will tomorrow’s growth come from: technology, regulation or market services? · How are exchanges diversifying revenue streams and preparing for future growth? · How is the role of the exchange evolving and how are new revenue streams being implemented? · What are the changing expectations of tomorrow’s investors and how can an exchange meet those needs? · Changing public perception about what an exchange actually does: where can you start? Renuke Wijayawardhane, Chief Regulatory Officer, Colombo Stock Exchange

15:00 Korea’s Bond Market: Opportunities for Tomorrow Taehyun Noh, Director of Global Business, Korea Exchange 15:20 The value of the LEI for the securities industry • Purpose of the LEI program • Governance structure • GLEIF services • Value of LEI for exchanges Gerard Hartsink, Chairman, The Global Legal Entity Identifier Foundation 15:40 Market Reflection - Japan • A market overview: Japan overall and a focus on Japan Exchange Group • What are the latest product innovations in the derivatives space? • What is the impact of Market internationalization on market entry? • Discussing OTC market development Keisuke Arai, Chief Representative in Europe, Japan Exchange Group

16:00 Role of Commodity Exchanges and changing regulatory landscape • Regulatory Framework in India

• What makes Commodity exchange stand out? • Developments - so far and on the horizon • Steps for opening global access to Commodity derivatives markets Sanjay Golecha, Vice President, Regulatory Compliance, India

16:20 End of the World Exchange Congress

"Relevant topics, particularly for emerging and frontier WHO ATTENDS? markets. Great networking among exchanges and also The World Exchange Congress is the largest and most significant gathering of global with system providers.”” trading venue executives. The event is a truly global proposition with 50+ countries represented in 2017 and 300 trading venue senior executives in attendance CEO, Colombo Stock Exchange The World Exchange Congress is the only event to gather the entire exchange community in one place at one time.

THE FOLLOWING EXCHANGE EXECUTIVES WILL BE IN ATTENDANCE Stock, FX, Commodity, Derivatives, Futures and Energy Exchanges. Investment Banks, Regulators and Clearing Houses • CEO • Head of Trading Technology • Head of Strategy • Head of Business Development • CTO / CIO / Head of IT • Head of Market Data PREVIOUS ATTENDEES INCLUDE

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