New Customers, New Revenues and New Partnerships for the World’S Established and Emerging Trading Venues
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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 Hosted by Created by www.terrapinn.com/WEC2018 #WECOman Confirmed Speakers Patrick Birley, CEO, NEX Exchange Renuke Wijayawardhane, Chief Regulatory Officer, Colombo Stock Exchange Ahmad Aweidah, CEO, The Palestine Exchange Bernardo Mariano, Managing Director, Equity Research Desk Bo Wang, Chief Technology Officer, Shanghai Stock Exchange Chris Richardson, CEO, Percival Software Tiaan Bazuin, Chief Executive Officer, Namibian Stock Exchange 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, Bombay Stock Exchange 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, Ljubljana Stock Exchange 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, Zagreb Stock Exchange Paul Constantinou, President, AFM Daniel Körmöczi, Deputy CEO, Budapest Stock Exchange 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 Kuwait Lucian Anghel, President of the Board of Governors, Bucharest Stock Exchange 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, Japan Exchange Group Shreekantha Velankar, Assistant Vice President, NSE IT/ NSCCL Robert Ansari, Executive Director, MSCI Inc Mohsen Adel Helmy, Vice Chairman, Egyptian Exchange Ganesh Iyer, Director, Global Marketing and Thought Leadership, IPC Taehyun Noh, Director of Global Business, Korea Exchange 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, Muscat Securities Market 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, Boursa Kuwait Petr Koblic, CEO, Prague Stock Exchange Aleš Ipavec, President of the Management Board, Ljubljana Stock Exchange Renuke Wijayawardhane, Chief Regulatory Officer, Colombo Stock Exchange 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