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26TH ANNUAL CANADIAN SECURITY TRADERS CONFERENCE The Westin Resort & Spa Whistler, B.C. August 15-18, 2019 TSX DRK For Best Execution & Better Outcomes

Canada’s leading alternative dark pool: 98% of dark volume received PRICE IMPROVEMENT* 90% of dark volume executed at the MIDPOINT OR BETTER* Larger pool of liquidity at lower costs*

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*TSX/TSXV, Q1, 2019 ©2019 TSX Inc. All rights reserved. TMX and the TMX design are trademarks of TSX Inc. CANADIAN SECURITY TRADERS ASSOCIATION, INC. P.O. Box 3, 31 Adelaide Street East, Toronto, Ontario M5C 2H8

August 2019 On behalf of the Canadian Security Traders Association, and its affiliates, I would like to welcome you to our 26th Annual Canadian Security Traders Conference in the scenic setting of Whistler, British Columbia. Every year we strive to bring the trading community together to discuss various topics that are impacting the Canadian landscape. This year we have another wonderful line up of speakers to share their thoughts and ideas educating us on key themes shaping the ever-evolving trading environment. Our Thursday keynote is Jeremiah Brown who won Canada an Olympic silver medal as part of the men’s eight within only four years of learning how to row; from sitting on a couch to winning in the Olympics, an inspirational achievement unto itself. On Friday we are kicking off the educational content with a keynote address from Catherine Wood, founder of ARK Investment Management, a new breed of asset management firm focused on thematic investing. ARK recently partnered with Emerge Canada to launch its five US actively managed ETFs into the Canadian market on the NEO exchange. Catherine is leveraging the ETF structure to bring her investment thesis to market, leading the charge in active management idea transparency. Catherine is also delivering innovation through crowd- sourced investment research, pioneering a new approach to financial research. We are pleased ARK Investment Management is going to host one of their crowd-sourced research sessions live from our conference. We are thrilled to have Brett Redfearn, U.S. Securities and Exchange Commission’s Director of the Division of Trading and Markets, speaking candidly during a fireside chat. Under Mr. Redfearn’s lead, the US is driving positive changes to market structure that everyone is watching closely. Every year we’re grateful for the support from various industry vendors and hope you enjoy learning about the latest and greatest tools available on the market. This year the vendor fair will feature BMO/Clearpool, Bloomberg, Charles River, ION Markets, Refinitiv, S3, TickSmith, TMX, and TradingScreen. Don’t forget to spend some time relaxing and networking as we have a great lineup of extracurriculars, join us Thursday at the Welcome Reception & Vendor Fair followed by Virtu’s After-Party. On Friday, join the CSTA at the “Go for the Gold” Reception at the Audain Gallery followed by the TMX After-Party at Merlin’s Bar and Grill. Finally, on Saturday there is both golf and ziplining during the day and we’ll be wrapping up the conference with the 3rd Annual Battle of the Bands. The CSTA Board of Governors and affiliates work year-round to offer Continuing Education credit events across the county, an annual vendor fair in Toronto, charity days, and numerous networking events. We have renewed our commitment to Cornerstone Recovery to ensure all our members needing assistance with addiction have an independent counselor available. (Peter Brewitt 905.751.3491) I would like to thank you for attending the CSTA conference. This weekend would not be possible without our amazing sponsors/partners, the tireless efforts of the conference committee, and the talent of our speakers, panelists, and volunteers. Thank you to the staff of the CSTA, Robin, Sarah, and Janice who make sure everything runs smooth. And a special thank you to Roberta Pigat for her continued efforts behind the scenes ensuring this conference is a success year in and year out.

Simon Binder CSTA Chair SCHEDULE OF EVENTS 26TH ANNUAL CANADIAN SECURITY TRADERS CONFERENCE Thu. August 15, - Sun. August 18 All comments made by Speakers are off the record. Thursday, August 15, 2019 Day One 3:00pm - 7:00pm Early Registration Emerald Foyer 6:00pm - 10:00pm Welcome Reception & Vendor Fair Emerald AB 7:00pm - 8:00pm Opening Remarks Emerald AB Jeremiah Brown, Olympic Silver Medalist 9:00pm - 12:00am Virtu After Party

Friday, August 16, 2019 Day Two 7:00am - 8:00am Breakfast with Vendors Emerald AB 7:00am - 5:00pm Vendor Fair Emerald AB 8:00am - 8:15am Conference Moderator Opening Address Emerald C Patrick McEntyre, National Bank Financial 8:15am - 9:00am Keynote: Investing in Disruptive Innovation Emerald C Catherine Wood/ARK 9:00am - 9:30am Fireside Chat: TMX Karen Couldrey/Scotiabank, Kevin Sampson/TMX Emerald C 9:30am - 10:00am Fireside Chat: Regulation/Ethics Peter Brady/BCSC, Bruce Maranda/Canaccord Emerald C 10:00am - 10:15am Refreshment Break with Vendors Emerald AB 10:15am - 11:15am North American Market Structure Emerald C Doug Clark/Virtu, Craig Hurl/OTPP, Sapna Patel/Morgan Stanley, Jonathan Sylvestre/TMX 11:15am - 12:00pm MIFID 2 & How it is Impacting Research Unbundling in NA Emerald C Sandra Delmore/Liquidnet, Tyler Gellasch/Healthy Markets Assoc., Neil Scarth/Frost Consulting, Joelle Tarrant/HSBC 12:00pm - 1:00pm Lunch with Vendors 1:00pm - 3:00pm Brainstorming Session with ARK Investment Alpine AB Catherine Wood/ARK 1:00pm - 1:45pm Tips for Traders Emerald C Wade Cox/IIROC, Kevin McCoy/IIROC, Alex Taylor/IIROC 1:45pm - 2:30pm Fireside Chat: Brett Redfearn Emerald C Doug Clark/Virtu, Brett Redfearn/U.S. SEC 2:30pm - 3:15pm Retail Panel Emerald C Mark Davies/S3, Tammy Jurca/BMO, Darren Molloy/GMP, Jeff Varey/RBC Wealth Management 3:15pm - 4:00pm Exchange Panel Emerald C Rizwan Awan/BMO, Simon Binder/Virtu, Jeff Foster/TMX, Jos Schmitt/NEO

Continued SCHEDULE OF EVENTS 26TH ANNUAL CANADIAN SECURITY TRADERS CONFERENCE Thu. August 15, - Sun. August 18 All comments made by Speakers are off the record.

Friday, August 16, 2019 Day Two - cont’d 4:00pm - 5:00pm Advances in Trading: Using Analytics to Improve Execution Quality Emerald C Larry Tabb/TABB Group, Ana Avramovic/BAML, Guido Gasbarro/Ticksmith, Stephane Galzin/HEC, Robert Barnes/London Stock Exchange 5:00pm - 5:30pm CSTA Board of Governors and Affiliate Presidents Meeting 5:00pm - 6:45pm Vendor Fair Cocktail Emerald AB 7:00pm - 10:00pm Go for the Gold Reception Audain Art Museum 9:00pm - 12:00am TMX After Party Saturday, August 17, 2018 Day Three

7:00am - 8:00am Breakfast with Vendors Emerald AB 7:00am - 12:00pm Vendor Fair Emerald AB 7:50am - 8:00am CSTA Annual General Meeting Emerald C 8:00am - 8:45am The Future of Asset Management Emerald C Andres Rincon/TD, Kevin Gopaul/BMO, Mario Cianfarani/Vanguard 8:45am - 9:30am CRB Panel Emerald C Rizwan Awan/BMO, Pranay Butail/Barclays, Chris Amorello/Goldman Sachs 9:30am - 10:00am Fireside Chat: Cyber Security Emerald C Wendy Rudd/Canadian Regulatory Technology Association, Jay Haynes/eSentire 10:00am - 10:15am STA Update Emerald C Doug Clark/STA 10:30am - 11:15am Venture Round Table Emerald C Michael Tintinaglia/TMX, Brent Holliday/Garibaldi Capital Advisors, Blake Corbet/PI Financial, Jamie Anderson/CSE 11:15am - 12:15pm Senior Traders Speak Out Emerald C David Campbell/ Virtu ITG, Ken Latvanen/RBC, Paula Sexsmith/PSTA, Chris Stuart/CIBC, Richard Wan/AIMCo 1:00pm - 6:00pm Golf @ Whistler Golf 1:30pm - 4:00pm Superfly Zipline 6:00pm - 7:00pm Cocktails Emerald Foyer 7:00pm - 1:00am 3rd Annual Battle of the Bands Emerald AB

Sunday, August 19, 2018 Day Four 7:00am - 10:00am Breakfast @ Leisure TBA Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Thursday, August 15 DAY ONE

Opening Remarks 7:00pm - 8:00pm

Jeremiah Brown Olympic Silver Medalist Jeremiah Brown seems to operate on four-year cycles of reinvention. From commercial banker to Olympic medallist, from Olympian to Canadian sport leader, and from Canadian sport leader to bestselling author and professional speaker. Jeremiah’s national bestselling book, The 4 Year Olympian, tracks his odyssey going from his parents’ couch to the Olympic podium in just four years. Redefining the power of enduring uncertainty and trusting others, Jeremiah uses his story to inspire audiences around the world to rethink what is possible for themselves in just four years. Through each transformation, Jeremiah has come to learn that resilience is the skill that underpins them all, and he now passionately helps organizations and people understand how to strengthen their resilience when adapting to change in their own careers and personal lives.

26TH Annual Canadian Security Traders Conference 1 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY TWO

Conference Moderator Opening Address 8:00am - 8:15am

Patrick McEntyre, CFA Managing Director, Electronic Trading & Services National Bank Financial Patrick is Managing Director of NBF’s Electronic Trading & Services, offering DEA and algorithmic trading as well as ETF, equity derivatives, and Portfolio Trading to institutional clients. He has over 20 years of trading experience. Prior to NBF, he was with ITG Canada as a Director in their electronic brokerage group and headed up their Commission Management Services. He spent his formative years in Montreal at boutique global investment dealer Pavilion Global Markets where, as the Head of North American Equity Trading, he was instrumental in developing their portfolio trading capabilities in both Canada and the U.S. He has been actively involved in shaping the Canadian regulatory environment through regular participation in industry comment letters and contributions to advisory committees like MSAC, MRAC, and the CSTA’s Trading Issues Committee. He is a sitting member of NBF’s Liquidity Review Committee, which is mandated to ensure that NBF duly meets its Best Execution obligations. Patrick is a CFA and went to most of his classes at the University of Western Ontario.

26TH Annual Canadian Security Traders Conference 2 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY TWO

Keynote: Investing in Disruptive Innovation 8:15am - 9:00am

Catherine Wood Chief Executive Officer/ Chief Investment Officer, ARK Investment Management LLC Cathie registered ARK Investment Management LLC (“ARK”) as an investment adviser with the U.S. Securities and Exchange Commission in January 2014. Focused solely on disruptive innovation, ARK aims to identify large-scale investment opportunities in the public markets resulting from technological innovations centered around genome sequencing, robotics, artificial intelligence, energy storage, and blockchain technology. Prior to ARK, Cathie spent twelve years at AllianceBernstein as Chief Investment Officer of Global Thematic Strategies where she managed over $5 billion. Cathie joined Alliance Capital from Tupelo Capital Management, a hedge fund she co-founded which, in 2000, managed $800 million in global thematic strategies. Prior to her tenure at Tupelo Capital, she worked for 18 years with Jennison Associates as Chief Economist, Equity Research Analyst, Portfolio Manager and Director. She started her career in Los Angeles, California at The Capital Group as an Assistant Economist. Cathie received her Bachelor of Science, summa cum laude, in Finance and Economics from the University of Southern California in 1981. In 2018, editors at Bloomberg acknowledged Cathie by selecting her to its second annual Bloomberg 50 list of people across business, entertainment, finance, politics, technology, and science who have defined global business. Additionally, Fortune named Cathie to its exclusive roundtable of experts in the annual Fortune Investors Guide: The Best Investing Advice for 2019 From Fortune’s Experts. In 2016, Cathie received the “Women in Finance – Outstanding Contribution Award” from Market Media, and she was a featured speaker at the World Economic Forum (China) in 2016 & 2017, and the World Strategic Forum (Miami) in 2017.

26TH Annual Canadian Security Traders Conference 3 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY TWO

Fireside Chat: TMX 9:00am - 9:30am

Karen Couldrey - Moderator Head of Equity Product Marketing and EES Sales, Scotiabank Karen is Head of Equity Product Marketing and EES Sales for Scotiabank. In her current role, she leads the sales team for Scotiabank’s Electronic Execution Services, and is responsible for client relationship management and sales across Scotiabank’s Equity platform. Formerly, she was Head of Canadian Prime Brokerage Sales for Scotiabank. Karen began her career at UBS Securities in Toronto and Boston and held a variety of positions (Equity Sales Trader, Equity Research Associate Analyst and Investment Banking Analyst). She has engaged in dialogue with clients, peers, and exchange/ATS’s regarding Canadian trading trends, market structure issues and regulatory developments for over 10 years. She recently completed a board term on the Institutional Equity Traders Association (Toronto), is a member of WCM and Scotiabank mentorship programs. Karen holds a Bachelor of Science in Applied Mathematics and Engineering from Queen’s University.

Kevin Sampson President, Equity Trading TMX Group As President, Equity Trading, Kevin leads the trading businesses of Canada’s premier equity Exchanges, Toronto Stock Exchange (TSX), TSX Venture Exchange, and TSX Alpha Exchange and is a member of TMX’s Executive Operating Committee. His responsibilities include developing and evolving an integrated strategy, creating new innovative products and services, and overseeing the business development activities for TMX’s equity trading business. In addition, Kevin is accountable for the reliable operations of TMX’s equities marketplaces. Kevin joined TMX Group in 2006 and has held various leadership positions across multiple facets of the equities division, including business development, strategy, and product management. Prior to TMX, Kevin spent 7 years at SS&C Technologies, where he held senior positions in product management and Sales. Kevin has been an active contributor to constructive dialogue regarding market structure and policy issues in Canada over the years as a member of various industry committees, including the OSC Market Structure Advisory Committee and IIROC’s Market Rules Advisory Committee (MRAC).

26TH Annual Canadian Security Traders Conference 4 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY TWO

Fireside Chat: Regulation/Ethics 9:30am - 10:00am

Peter Brady Executive Director, British Columbia Securities Commission Peter Brady is the Executive Director and chief administrative officer of the British Columbia Securities Commission (BCSC), overseeing the financial and administrative affairs of the Commission and directing the activities of the staff to effectively enforce the Securities Act. Peter has a strong background in securities law, the securities industry and regulation. He has served as the BCSC’s Director of Enforcement, developing and managing the BCSC’s administrative and criminal enforcement strategy. He has also served as Director of Corporate Finance and prior to that worked on the BCSC’s litigation, exemptions, and mergers & acquisitions teams. Before re-joining the BCSC in 2012, Peter was General Counsel of Qtrade Financial Group, a national wealth management company with investment dealer, mutual fund dealer, investment fund and insurance subsidiaries. A graduate of the University of Victoria law school and Queen’s University, Peter is a member of the Law Society of British Columbia.

Bruce Maranda Executive Vice President & Chief Compliance Officer, Canaccord Genuity As head of Canadian Compliance, Bruce Maranda is responsible for overseeing Canaccord Genuity (CG) Compliance, Registration, Continuing Education and Credit departments. He is Privacy Officer, Client Complaints Officer and the Designated Registered Options Principal. Before joining CG in 2001 as Vice President, Compliance, Mr. Maranda held positions with Price Waterhouse, Revenue Canada Taxation, and the Auditor General of Canada. At the Vancouver Stock Exchange, he served in compliance and enforcement, and as Director of Member Regulation at the Investment Dealers Association he was responsible for registration, compliance, investigations, and enforcement. Mr. Maranda received his Bachelor of Commerce in Finance from UBC. He has continued to gather credentials as a Chartered Professional Accountant, Certified Fraud Examiner and Financial Management Advisor, and has received the designation of Fellowship from the Canadian Securities Institute.

26TH Annual Canadian Security Traders Conference 5 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY TWO

North American Market Structure 10:15am - 11:15am

Doug Clark - Moderator Virtu Doug Clark has more than 20 years experience in trading and research within the investment industry. He is one of the original team members of ITG Canada when the Canadian operations were launched in 2000. In his current position he is responsible for Virtu’s Global Market Structure product. Doug is the current chair of the STA, and a past chair of the CSTA.

Craig Hurl Director, Global Trading, Ontario Teacher’s Pension Plan Board Craig Hurl is Director, Global Trading, Equities and Commodities in the Capital Markets Department at the Ontario Teachers’ Pension Plan Board. Mr. Hurl is Head Trader for all Equities, Equity Derivatives, Commodities and Futures at the Fund. Prior to his current role, he was Director, Enhanced Index and Income Trusts, where he managed the Canadian Enhanced Index portfolio, an Income Trust portfolio, along with other global enhanced index strategies. Prior to joining Teachers’ in June 1997, he was Manager, Index Operations at the Toronto Stock Exchange, where he worked for 10 years. Mr. Hurl graduated from the University of Guelph in Ontario, Canada with a Bachelor of Arts double major in Management Economics. Mr. Hurl is a Chartered Financial Analyst (CFA) charterholder, and is a member of the Toronto CFA Society. He is also a member of the Canadian Security Traders Association (CSTA), the Buy-Side Investment Management Association (BIMA), and the Ontario Securities Commission Market Structure Advisory Committee (OSC MSAC).

26TH Annual Canadian Security Traders Conference 6 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY TWO

North American Market Structure - cont’d 10:15am - 11:15am

Sapna Patel Executive Director, Head of Americas Market Structure & Liquidity Strategy, Morgan Stanley Sapna C. Patel is the Head of Market Structure and Liquidity Strategy at Morgan Stanley for the Americas and is an Executive Director on the Morgan Stanley Electronic Trading desk. In her current role, Ms. Patel focuses on market structure issues, regulatory developments, order routing and liquidity strategies, as well as business development. Prior to joining the desk in 2008, Ms. Patel spent three years as an institutional equities coverage attorney in the Morgan Stanley Legal and Compliance Division. Ms. Patel began her career at the U.S. Securities and Exchange Commission in the Division of Trading and Markets (formerly the Division of Market Regulation), and held various positions during her five years at the agency. Ms. Patel holds a Juris Doctorate degree from the University of Maryland School of Law and Bachelor of Science degrees in Criminal Justice and Psychology from American University.

Jonathan Sylvestre Head, Business Strategy, Equities Trading at TMX Group Jonathan currently holds the position of Head, Business Strategy, Equities Trading at TMX Group. His responsibilities in this role include strategy development and business intelligence for the TMX’s equities trading business. Prior to joining the TMX Group, Jonathan spent almost a decade at the OSC as member of the Market Regulation Branch, where his responsibilities included the oversight of marketplaces and self- regulatory organizations, and policy making relating to market structure issues.

26TH Annual Canadian Security Traders Conference 7 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY TWO

MIFID 2 & How it is Impacting Research Unbundling in NA 11:15am - 12:00pm

Sandra Delmore Global Head of Commission Management, Liquidnet Sandra brings more than 17 years of experience to Liquidnet and her role as the Global Head of Commission Management. Sandra is responsible for leading the Commission Management business operation at Liquidnet as well as related sales, client relations, customer service and commission management services. Sandra drives the direction and strategy and develops long- and short – term revenue for Commission Management. She also works closely with Liquidnet product management and technology teams and drives offerings available to Liquidnet’s global buy-side clients. Sandra joined Liquidnet in 2007 to launch the CSA business and grew the business to 150 additional institutional clients in the first year. In 2011, Sandra further expanded Commission Management’s offering and successfully launched Liquidnet’s Commission Aggregation Service. Under Sandra’s leadership the CMS Aggregation Service now provides a global product offering for to US, Canadian, and UK institutional clients, and she continues to look to expand Liquidnet’s CMS service and find new opportunities for the business in other regions. Prior to Liquidnet, Sandra was the Vice President of Operations at BNY where she was responsible for overseeing both the correspondent clearing business as well as the commission management services. She is a graduate of the NYU Stern School of Business having completed the Advanced Management Program in 2016. Sandra has also been recognized by the business and her peers for her contributions to the industry, and, in 2017, she received the Markets Media Choice Award for the Rising Star. Tyler Gellasch Executive Director, Healthy Markets Association Tyler Gellasch is the Executive Director of the Healthy Markets Association, where he leads the organization’s efforts on market structure reforms. Gellasch, a former senior US Senate and SEC staffer, is a leading policy adviser on a host of trading-related issues in the US capital markets. Healthy Markets has engaged with market participants and regulators in the US and Europe for several years in crafting a more optimal research market for investors. His views are frequently sought by Members of Congress, regulators, market participants, and the press.

26TH Annual Canadian Security Traders Conference 8 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY TWO

MIFID 2 & How it is Impacting Research Unbundling in NA - cont’d 11:15am - 12:00pm Neil Scarth Principal, Frost Consulting Neil Scarth is a Principal of Frost Consulting, which works with global asset managers and asset owners on a variety of research issues including consulting/software solutions for research valuation/budgeting and strategy-level research spending data/benchmarks. Frost also works with asset owners to identify potential performance risks to equity strategies related to changes in research spending/process resulting from commercial pressures and regulatory change globally. Neil has held a wide range of roles in asset management and investment banking in both Europe and North America, ranging from running equities businesses at global banks to launching and managing all aspects of varying asset management products. Neil was appointed to the UK Investment Management Association’s Research Review Advisory Panel and has consulted extensively with global regulators on research issues. Frost has authored papers on research topics for, and in collaboration with, the CFA Institute, the University of Edinburgh and Stanford University. Joelle Tarrant Director, Global Head of Market Structure HSBC Joelle Tarrant heads up HSBC’s newly created Global Market Structure team, and Index Strategy Group. She is responsible for developing and building the product globally alongside the regional teams. This includes advising both the bank and clients on regulatory issues affecting the financial services sector, venue analysis, exchange trends and technology, representing HSBC at industry events and producing research on market structure developments and legislative reforms. Prior to joining HSBC, she established and ran European Market Structure at RBC and began her career in the Equities Sales and Trading division at Citi. Brainstorming Session with ARK Investment 1:00pm - 3:00pm

Catherine Wood Chief Executive Officer/ Chief Investment Officer, ARK Investment Management LLC See bio pg 3

26TH Annual Canadian Security Traders Conference 9 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY TWO

Tips for Traders 1:00pm - 1:45pm

Wade Cox Vice-President, Trading Review and Analysis, IIROC As Vice President, Trading Review & Analysis, Wade Cox leads a national team of investigative analysts responsible for preliminary reviews of market conduct violations (UMIR and securities legislation). Wade joined IIROC in 2009 as Director, Trading Surveillance and Compliance, where he was responsible for the real time and post trade market surveillance teams covering the TSX Venture Exchange. Prior to joining IIROC Wade held investigative roles at Market Regulation Services and spent several years trading Canadian and US securities at a Vancouver based investment dealer.

Kevin McCoy Vice-President, Market Policy and Trading Conduct Compliance, IIROC Kevin has been working in the securities industry for over 25 years, holding various senior roles with several Canadian dealers with roles spanning Operations, Compliance and Regulatory. Kevin joined IIROC in 2010 and is currently Vice-President of Market Regulation Policy and Trading Conduct Compliance. In his current role, Kevin represents IIROC on IOSCO standing committee 2 on secondary markets.

Alex Taylor Vice-President, Equity and Debt Surveillance, IIROC Alex Taylor is the Vice President of Equity and Debt Surveillance at IIROC. Alex has a broad range of experience in Canada’s capital markets over the past two decades in various roles including mid-office, technology, sales & trading. Previous to joining IIROC, Alex worked at CIBC for 7 years heading the cash equities trading supervision group and also represented the firm in numerous industry committees and working groups. Previous to CIBC, Alex worked at TMX developing regulatory technology solutions for both regulators and dealers before moving to the TMX business team responsible for developing the firm’s equity trading business as Canada’s ATS rules evolved.

26TH Annual Canadian Security Traders Conference 10 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY TWO

Fireside Chat: Brett Redfearn 1:45pm - 2:30pm

Doug Clark - Moderator Virtu See bio pg 6

Brett Redfearn Director of the Division of Trading and Markets U.S. Securities and Exchange Commission Brett Redfearn was named the U.S. Securities and Exchange Commission’s Director of the Division of Trading and Markets in October 2017. Mr. Redfearn joins the SEC from J.P. Morgan, where he was Global Head of Market Structure for the Corporate and Investment Bank. Mr. Redfearn has a long history in the U.S. equity markets, having worked with investors, exchanges and broker-dealers. During his career, he has focused on how technology, regulation and business trends are changing trading patterns across asset classes and geographic regions. He has helped build electronic trading products, worked closely with exchanges and other trading venues as these products evolved, and engaged with global asset managers on major regulatory developments. He has also been a frequent contributor at policy forums surrounding U.S. equity markets, and has been an active participant at several meetings of the SEC’s Equity Market Structure Advisory Committee. He has served as Chairman of SIFMA’s Equity Markets and Trading Committee and was a participant on the Security Traders Association (STA) Market Structure Analysts Committee and the Canadian STA (CSTA’s) Trading Issues Committee. Previously, Mr. Redfearn has served on the boards of Bats Global Markets, BATS Exchange, the National Organization of Investment Professionals, the Chicago Stock Exchange, and BIDS Trading. Mr. Redfearn earned his M.A. in political science from the New School for Social Research and his B.A. from the Evergreen State College in Olympia, Washington.

26TH Annual Canadian Security Traders Conference 11 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY TWO

Retail Panel 2:30pm - 3:15pm

Mark Davies - Moderator CEO, S3 Mark Davies is Co-Founder and CEO of S3, a full-service compliance and trade analytics software. He is responsible for the organization’s business strategy, the executive team, and has oversight of the company’s day-to-day operations, including client relations, sales, and business development. A financial services executive with over 15 years experience in fintech and regtech, Mr. Davies has deep industry knowledge in trading technology, particularly trade surveillance, best execution analysis, and regulatory reporting. Currently, Mark is leading the industry on market structure and regulatory reporting requirements for the Securities and Exchange Commission’s (SEC) Rule 606 under Reg NMS and is sought after for his subject matter expertise. Mr. Davies co-founded S3 in 2002. In 2004, S3 launched its first trading analytics product, redefining S3’s core business. Since then, under Mr. Davies guidance, S3 has improved trust in the industry through appropriate and intelligent disclosure via regulatory reporting and analytics. Mr. Davies holds a Bachelor’s of Science degree in Computer Science from the Massachusetts Institute of Technology (MIT). He lives in Austin, Texas with his wife and three children.

26TH Annual Canadian Security Traders Conference 12 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY TWO

Retail Panel - cont’d 2:30pm - 3:15pm

Tammy Jurca VP and Managing Director, Retail Equity Trading, BMO Nesbitt Burns Tammy’s experience spans over twenty years in the financial services industry and she is currently responsible to ensure the best execution for all Canadian, US and overseas equity orders, as well as listed Canadian and US equity options for Wealth Management clients of both the full service and on-line brokerage. Her foray into the financial services industry began in 1997 in Operations where she served in a variety of supporting roles until joining the Retail Compliance group in 1999. During her tenure in compliance, Tammy held progressively senior roles until the end of her ten years in that team, she was accountable for the trade surveillance, branch audit, complaints and registrations functions, supporting BMO Nesbitt Burns, Private Client division. She is a member of her firm’s Best Execution and Investment Management committees, as well as participates in a number of industry groups representing the retail perspective on best execution, market structure and market data matters.

26TH Annual Canadian Security Traders Conference 13 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY TWO

Retail Panel - cont’d 2:30pm - 3:15pm

Darren Molloy Director, Retail Trading - GMP Securities LP. With over fifteen years of experience in the securities industry, Darren leads retail equity trading operations for Richardson GMP clients specializing in equities, options and foreign exchange services. Under Darren’s leadership, his team has successfully executed private equity trades involving over 190 million shares. Darren also partners with the GMP compliance and institutional trading teams identifying industry trends and challenges while constantly seeking new approaches to managing risk, delivering value and seeking opportunities for the firm and its clients. Under his leadership, the trading desk has successfully adopted new approaches to servicing clients as Richardson GMP has grown its wealth management platform from approximately $11 Billion in assets to $29 Billion since he joined the firm in 2010. Prior to joining GMP Securities, Darren worked at National Bank Independent Network (NBIN) where he was an equity and option trader gaining invaluable experience supporting new issues and private placements, credit and registered accounts services to NBIN clients. Darren resides in Toronto and holds a Bachelor of Commerce degree from the University of Guelph. He is an active supporter of the University of Guelph, co-founder of the University of Guelph Gryphons on Bay Street Scholarship fund and mentor to new graduates and alumni of the Commerce program.

Jeff Varey Vice President, RBC Wealth Management Trading Jeff Varey is Vice President, RBC Wealth Management Trading. Jeff has twenty years of experience in the financial industry and in his current position he heads up the team of RBC traders. Jeff is responsible for the operation and oversight of RBC’s Wealth Management Trading platform, dealing with all aspects including best execution, technology, compliance and operations. Prior to this position Jeff spent time with RBC Capital Markets and RBC Direct Investing. He is involved closely with routing decisions and best execution committees within RBC and works to connect the interests and diverse requirements of his clients with the current and future market structure of our equity markets. Jeff enjoys being involved in the community, a number of various sports and spending time with his wife and two children.

26TH Annual Canadian Security Traders Conference 14 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY TWO

Exchange Panel 3:15pm - 4:00pm

Simon Binder - Moderator Virtu Simon is the current chair of the CSTA and has been involved in Canadian Capital markets on both the buyside and sellside. Early on, Simon started out on the buyside as part of a manager research team. Simon was focused on asset allocation and portfolio optimization. He then moved to head up sales for a large Canadian dark pool where he spent time highlighting the importance of dark liquidity for size discovery to the Institutional trading community. Simon continued his studies, at UoT Rotman, graduating with a Masters of Finance degree. After his postgraduate studies, Simon joined Virtu ITG. At Virtu ITG he has been consulting with global asset managers introducing tools to improve global best execution.

Rizwan Awan - Moderator Managing Director, BMO Capital Markets Rizwan heads up Quantitative Execution Services, providing institutional equity clients program and electronic trading services as well as index and market structure research. Mr. Awan is an active advocate for fair and efficient markets in the market structure community and represents BMO on a number of advisory groups. His background in and passion for technology has helped steer initiatives geared towards building the trading desk of the future. Mr. Awan is also the former Chair of the Canadian Security Traders Association, Inc. and on the current Board of Governors of the US Security Traders Association. He holds a BMath degree in Computer Science from University of Waterloo and is a CFA charterholder.

26TH Annual Canadian Security Traders Conference 15 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY TWO

Exchange Panel - cont’d 3:15pm - 4:00pm

Jeff Foster Director, Equity Trading, TMX Group As Director, Equity Trading, Jeff is responsible for the trading businesses of Canada’s premier equity Exchanges, Toronto Stock Exchange (TSX), TSX Venture Exchange, and TSX Alpha Exchange. His responsibilities include creating new innovative products and services, business strategy and leading the global business development and account management activities for TMX’s equity trading businesses. In addition Jeff has assumed responsibility for NAVex, TMX’s new and innovative fund trading platform. Jeff joined TMX Group in 2004 and has held various sales, operational and management roles within the TMX over his tenure. Jeff also sits on the board of the Bay Street Children’s Foundation where he spearheads the ROCK ON! Charity Golf Tournament in support of children’s heart function research and treatment.

Jos Schmitt President and CEO, NEO Jos Schmitt is one of the founders and President & CEO of the NEO Exchange, a stock exchange he formed with the support of a number of blue chip financial institutions. Prior to NEO and in the role of President & CEO, Jos formed together with a number of blue chip financial institutions the Alpha Group of companies, including the Alpha Stock Exchange. This followed his role as EVP Head of the Americas and Global Head of Capital Markets for a global professional services company focused on the financial services industry. During his tenure at this professional services company, where he was part of the original partnership group, he acted as strategic advisor and director of operational and/or technology programs for some of the largest stock and derivatives exchanges and clearing houses, alternative markets, data vendors and broker-dealers around the globe. Some of his other previous roles include: President and CEO of a European Derivatives Exchange and Clearing House, President and CEO of a pan-European Indices Publisher, Chairman of a Derivatives SRO, and Head of Strategy and Business Operations at a European Stock Exchange. Jos has a strong commitment to the community as a member of the boards of the Investment Industry Regulatory Organization of Canada (IIROC) and the Sunnybrook Hospital Foundation, and through his active involvement with the WE Charity.

26TH Annual Canadian Security Traders Conference 16 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY TWO

Advances in Trading: Using Analytics to Improve Execution Quality 4:00pm - 5:00pm

Larry Tabb - Moderator Founder and Research Chairman, TABB Group Larry Tabb is the Founder and Research Chairman of TABB Group, the financial markets’ strategic advisory and research firm. He currently manages research and consulting for TABB Group. Mr. Tabb is well published on many aspects of the capital markets industry and has analyzed both US and European market structure; central clearing, credit default swaps, fixed income, equity and foreign exchange trading; financial markets trading and processing systems; analytical trading tools; grid and cloud computing, financial markets infrastructure; and foreign and emerging market technologies. He has written extensively on the changing market structure, exchanges and regulatory issues and business continuity as well as new technology trends in high frequency trading, market data, risk management, order management, best execution, algorithmic trading, dark pools, multi- and cross-asset trading, liquidity management, FIX connectivity, custody and advances in emerging technologies. Before founding TABB Group, Larry was vice president and founder of TowerGroup’s Securities & Investments practice. Prior to joining TowerGroup, he managed business analysis for Lehman Brothers’ Trading Services Division and he began his career managing various operations for the North American Investment Bank of Citibank.

Ana Avramovic BAML Ana Avramovic is a member of the Bank of America Merrill Lynch Instinct Knowledge team, focusing on market structure. Prior to joining BofAML, she was the Director of Market Structure Trading Strategy at Credit Suisse, and before that worked in volatility arbitrage and credit derivatives structuring at a quantitative hedge fund. Her work has been frequently cited in the media, including in print publications such as the WSJ, the Financial Times, and popular books, as well as on CNBC and Bloomberg. Ana holds an MS degree in Financial Mathematics and a BS degree in Electrical Engineering (Computer Science specialty), both from Stanford University. She is also a CFA charterholder.

26TH Annual Canadian Security Traders Conference 17 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY TWO

Advances in Trading: Using Analytics to Improve Execution Quality cont’d 4:00pm - 5:00pm Guido Gasbarro Ticksmith Guido Gasbarro is a product owner on TickSmith’s analytics platform development team. Having joined TickSmith in 2018 he is primarily responsible for establishing key functionalities, capabilities and features for their market data and transaction cost analytics solution and ensuring that the technology and data are resolving industry pain points. Prior to joining TickSmith he occupied numerous roles in capital markets both at the front office and at the regulatory level. In the last 7 years he has spearheaded the development of numerous regtech and fintech applications specific to trade surveillance, market book analytics and regulatory data management systems.

Stephane Galzin PhD Candidate (HEC Montreal) Stephane, currently a PhD candidate at HEC Montréal in the financial engineering department, is a member of the GERAD research center and the Canada Research Chair in Risk Management. Before joining this program, Stephane spent 15 years working alternatively as a tech entrepreneur and as an analyst in the financial industry. It is this background in algorithmic execution and microstructure research, combined with the ever-changing landscape of markets and technologies, which have led to him to focus his research on how algorithmic trading changes the way information is disseminated via prices in the contemporary trading ecosystem. Stephane, who has taught an introductory course on microstructure and algorithmic trading at ENSAI university as well as statistics at HEC Montréal, holds an MsC in math and computer science from Dauphine University (Paris) and an MsC in capital markets from Conservatoire National des Arts et Métiers (Paris).

26TH Annual Canadian Security Traders Conference 18 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY TWO

Advances in Trading: Using Analytics to Improve Execution Quality cont’d 4:00pm - 5:00pm

Robert Barnes Global Head of Primary Markets and CEO Turquoise London Stock Exchange Group Robert is Global Head of Primary Markets at London Stock Exchange Group and CEO of Turquoise, the European multilateral trading facility majority owned by LSEG in partnership with the user community. Prior to joining Turquoise LSEG in 2013, Robert worked at UBS for more than 19 years, including as Managing Director Equities and founding CEO of UBS MTF. His industry roles include serving 2004-2009 as Chairman of the Securities Trading Committee of the London Investment Banking Association. Robert holds a BA from Harvard, a PhD from Cambridge, and is a Chartered Fellow of the Chartered Institute for Securities & Investment.

CSTA Board of Governors & Affiliate Presidents Meeting 5:00pm - 5:30pm

26TH Annual Canadian Security Traders Conference 19 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Saturday, August 17 DAY THREE

CSTA Annual General Meeting 7:50am - 8:00am

The Future of Asset Management 8:00am - 8:45am

Andres Rincon Director, ETF & Equity Derivatives Strategy, TD Securities Andres Rincon is responsible for ETF and equity derivatives strategy at TD Securities. Mr. Rincon advises both institutional and wealth investors on ETF and option strategies, publishes a broad array of ETF and derivative publications, and works with TD’s ETF market making team in facilitating ETF orders. Andres joined TD Securities in 2008, first managing credit risk for the dealer, and later as a member of the Equity Derivatives division. After four years leading equity derivatives sales and research in London, England, Andres moved back to Toronto. In 2016 Andres took on the task of expanding TD Securities’ ETF strategy platform. He is also a Chartered Market Technician (CMT).

Kevin Gopaul Global Head of Exchange Traded Funds BMO Bank of Montreal Global Asset Management Kevin Gopaul is the Global Head of Exchange Traded Funds. Kevin is a key asset to the BMO Bank of Montreal Global Asset Management team with over 18 years of progressive investment industry experience, including global passive and active strategies. Prior to joining BMO GAM, he served as Principal, Portfolio Manager at Barclays Global Investors Canada where he played an integral role in overseeing the management of Exchange Traded Funds and Institutional mandates. Kevin also worked as an index arbitrage trader with Scotia Capital. Kevin continues to be an active participant in the financial services industry, having served as the Chairman of the Canadian ETF Association from 2017-2019 and where he continues to serve as a Director, as well as acting as an advisor to several index advisory panels. Kevin studied Economics, Finance and Computer Science at the University of Waterloo, and was named one of IIAC’s Top 40 Under 40 in 2015.

26TH Annual Canadian Security Traders Conference 20 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Saturday, August 17 DAY THREE

The Future of Asset Management - cont’d 8:00am - 8:45am

Mario Cianfarani Head, Institutional & Retirement, Vanguard Investments Canada Inc. Mario Cianfarani is head of Institutional & Retirement for Vanguard Investments Canada Inc. Before joining Vanguard in June 2015, Mr. Cianfarani was a portfolio manager at a Canadian ETF provider, responsible for domestic and global equity ETFs and sector-based, North American covered call ETFs. Mr. Cianfarani has held senior trading and marketing positions with a number of Canadian capital markets teams. His experience includes trading equity derivatives and marketing derivative-related risk management solutions to a broad range of clients. Mr. Cianfarani earned a degree in Applied Mathematics and Humanities from York University and is a CFA® charterholder.

26TH Annual Canadian Security Traders Conference 21 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Saturday, August 17 DAY THREE

CRB Panel 8:45am - 9:30am

Rizwan Awan - Moderator Managing Director, BMO Capital Markets See bio pg 15

Pranay Butail Head of US Central Risk Book Trading, Equities at Barclays Pranay Butail is the Head of US Central Risk Book Trading, Equities at Barclays. Mr. Butail is responsible for the Trading, Risk Management and Strategy development for centralized stock trading in the US focusing on risk internalization, flow analysis and providing Barclays clients with access to differentiated principal liquidity. He joined Barclays in 2008, focusing on Equity Derivatives quant development and strategy simulation. He was responsible for designing and implementing desk based options and sales analysis tools globally. Prior to joining Barclays, he spent a year at Lehman Brothers on the derivative strategy and platform management team. Pranay holds a Master and Bachelors Degree in Computer Science from Stony Brook University.

Chris Amorello Vice President, Goldman Sachs Electronic Trading Chris is responsible for managing the electronic distribution of Goldman Sachs’ electronic access to the firm’s systematic market maker. Additionally, Chris manages the marketing of the firm’s suite of principally enhanced algorithms. Prior to joining Goldman Sachs, Chris held management positions at KCG, GETCO and ITG . Chris earned a BA in History from The College of William and Mary and resides in the Boston area.

26TH Annual Canadian Security Traders Conference 22 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Friday, August 16 DAY THREE Fireside Chat: Cyber Security 9:30am - 10:00am

Wendy Rudd - Moderator Board Member, Canadian Regulatory Technology Association Wendy is an innovative securities industry leader, with demonstrated accomplishment in the introduction of leading-edge electronic trading products & services to the Canadian market. Most recently, as a senior executive at the Investment Industry Regulatory Organization of Canada (IIROC), she was instrumental in modernizing the regulation of Canadian equity- and debt markets, as well as the conduct- and prudential regulation of investment dealers. Wendy’s past positions include her role as Partner - Capital Markets for Capco, Chief Executive Officer at TriAct Canada Marketplace, and senior management roles in business development at ITG Canada, CIBC World Markets and the Toronto Stock Exchange. She has also served as President of the Canadian Capital Markets Association, and as a member of the IIROC Board of Directors. Wendy holds a Bachelor of Mathematics degree in Computer Science from the University of Waterloo, and a Masters of Business Administration from Wilfrid Laurier University.

Jay Haynes President and Chief Operating Officer, eSentire J.Paul Haynes was drawn to eSentire with a vision to create a disruptive cybersecurity company. He successfully partnered with growth capital firms to invest in and scale eSentire to become the world’s largest pure- play Managed Detection and Response (MDR) provider and market leader. J.Paul is a professional engineer with a 25-year entrepreneurial track record of success. His business acumen, in-depth understanding of technology, and strong leadership have made him a respected and reliable voice on the topic of cybersecurity in North America and Europe. J. Paul holds both a B.Sc. and M.Sc. in Engineering from the University of Guelph. He is also a proud alumnus serving on Advisory Boards for the University of Guelph’s School of Engineering and M.Sc. in Cyber Security as well as the Board of Innovation Guelph.

26TH Annual Canadian Security Traders Conference 23 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Saturday, August 17 DAY THREE

STA Update 10:00am - 10:15am

Doug Clark Virtu See bio pg 6

Venture Round Table 10:30am - 11:15am

Michael Tintinaglia - Moderator Business Development Manager, Equities Trading - TMX Group Limited Michael is a Business Development Manager for equity trading, covering North American Buy Side accounts as well as Canadian Broker/Dealers. Prior to joining the TMX Group he was an Institutional equity trader for 13 years starting at a multinational firm, ending at a Canadian boutique. Michael is actively involved with both the Institutional and Retail trading community, sitting on the TSX’s Buy Side, Retail and Market on Close advisory group. Michael holds a Masters of Finance from the Rotman School of Business at the University of Toronto, a B.Sc. in Engineering for the University of Guelph, and is a CFA charter holder

26TH Annual Canadian Security Traders Conference 24 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Saturday, August 17 DAY THREE

Venture Round Table - cont’d 10:30am - 11:15am

Brent Holliday CEO, Garibaldi Capital Advisors Brent has been in the technology finance industry for 25 years and is the co-founder and CEO of Canada’s first technology-focused boutique M&A advisory firm, Garibaldi Capital Advisors. Founded in 2013, Garibaldi helps private technology companies across Canada grow by planning and executing on their capital strategy needs and assisting them through M&A transactions. With offices in Vancouver, Toronto and Saint John, Garibaldi has completed over 25 transactions in 6 years in technology centers across Canada. Brent spent five years prior to founding Garibaldi doing technology transactions for Capital West Partners in Vancouver. Before that, Brent was a technology focused venture capitalist, raising over $40 million with two other partners in 1999 to invest in 15 early stage companies. In the Internet 1.0 days of the mid-90’s Brent helped found an Internet Software company, later known as Maximizer Technologies and worked for BDC’s venture capital group before founding his own fund. He has an MBA from the University of British Columbia and an Honours Bachelor of Science from Western University in his original hometown of London, Ontario.

Blake Corbet Managing Director and Co-Head of Investment Banking, PI Financial Corp. Mr. Corbet has over 25 years of experience in London, New York and Toronto providing advisory and capital markets services to small-cap, mid-sized and large companies. In particular, Mr. Corbet has completed a wide variety of financing and corporate advisory assignments including published formal valuation and fairness opinions for Maritime Tel & Tel in the formation of Aliant, and for ACC TelEnterprises. Prior to joining PI Financial in 2010, Mr. Corbet worked as a senior investment banker at Haywood Securities and before that CIBC World Markets covering the Technology, Media and Telecom Sectors. Prior to 1996, Mr. Corbet worked as a Vice President in the London investment banking offices of Salomon Brothers.

26TH Annual Canadian Security Traders Conference 25 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Saturday, August 17 DAY THREE

Venture Round Table - cont’d 10:30am - 11:15am

Jamie Anderson General Counsel & Corporate Secretary, The CSE Mr. Anderson has responsibility for advising the exchange on all legal matters including securities, corporate-commercial, real estate, employment, and intellectual property law. Mr. Anderson leads the organization’s corporate governance programme and advises the CSE Board in terms of governance practices and direction. His portfolio also includes a broad range of company-wide strategic and regulatory issues, as well as being the CSE’s Chief Privacy Officer. Mr. Anderson is a member of the Ontario Securities Commission’s Market Structure Advisory Committee. Mr. Anderson chaired the Canadian Capital Markets Association’s Legal and Regulatory Working Group to successfully transition Canada to T+2 settlement. Prior to joining the CSE, Mr. Anderson held executive and senior level roles at several of Canada’s largest and systemically important financial institutions, including The Canadian Depository for Securities Limited where he was most recently Chief Legal Officer. He has championed many strategically important transactions and initiatives including large M&A deals, complex litigation, and default resolutions. He has authored many papers, including “Accessing and Use of Securities Clearing – Fit in Finance” in Thomson Reuters’s “Law in International Finance”. Mr. Anderson received his B. Comm. (Finance), B. Sc. (Economics), and LL.B. from Dalhousie University, MBA (Management) from Saint Mary’s University, and LL.M. (Banking & Financial Services) from York University (Osgoode Hall Law School). He is a member of the Law Society of Ontario. Mr. Anderson is Vice-Chair of the Board of Management of Swansea Town Hall (an agency of the City of Toronto) and Chair of its Governance Committee.

26TH Annual Canadian Security Traders Conference 26 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Saturday, August 17 DAY THREE

Senior Traders Speak Out 11:15am - 12:15pm

David Campbell, CFA - Moderator Head of Trading, Virtu ITG Canada Dave has more than 20 years’ financial industry experience primarily focused on institutional trading and including equity research as well as private equity experience. He heads the institutional trading desk for ITG Canada. Prior to joining ITG, Dave held senior roles at leading independent Canadian brokerage firms across Canada. Previous roles include head of trading at two major independent brokerage firms as well as co- founder, PM and CEO at a Calgary-based, energy-focused private equity firm. Dave has been recognized as a Brendan Woods Top Gun trader on three occasions over his career. He holds an honors in business administration from the Ivey Business School at Western University and a Chartered Financial Analyst designation.

26TH Annual Canadian Security Traders Conference 27 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Saturday, August 17 DAY THREE

Senior Traders Speak Out - cont’d 11:15am - 12:15pm

Ken Latvanen Director, Global Equities, RBC Capital Markets Ken is Director, Global Equities in RBC’s Global Portfolio Trading team. Ken joined RBC’s top-ranked Canadian Portfolio Trading desk in 2014 where he is currently instrumental in developing their global portfolio trading platform. He has over 20 years of trading experience while creating trading tools for Program Trading, Transition Management, and ETFs. He is also proficient in Transaction Cost Analysis and most Market Structure topics. Prior to joining RBC, he worked helping the buy side navigate complex portfolio trades at ITG and CIBC. Ken studied Computer Science & Mathematics at the University of Waterloo.

Paula Sexsmith PSTA Paula has been trading for her current employer since 2005. A ‘Jill-of-all- trades’ Trader with experience in equities, derivatives, money market, fixed income, and foreign exchange. She has over 22 years of experience in financial services. During this time, Paula obtained her Certificate in Financial Planning from the CIFP and her Derivatives Market Specialist designation through the Canadian Securities Institute. Active in the industry, Paula currently holds a leadership role as the President of the Prairie Securities Traders Association, which she helped form in 2016. She sits as Secretary on the executive board of the Canadian Security Traders Association, Inc. and she is a member of the Market Advisory Committee with the Alberta Securities Commission.

26TH Annual Canadian Security Traders Conference 28 Speakers & Moderators (in order of appearance) All comments made by speakers are off the record. Saturday, August 17 DAY THREE

Senior Traders Speak Out - cont’d 11:15am - 12:15pm

Chris Stuart Executive Director, CIBC World Markets Chris Stuart is an ED at CIBC World Markets where he has been trading for 8 years. Prior to that Chris started his trading career on the buyside. He was previously the President of the VSTA as well as the CSTA.

Richard Wan Director and the Head Trader for the Public Equities group at AIMCo (Alberta Investment Management Corporation) Responsible for all equity related trading activities within the group and for the total fund, Richard joined AIMCo in September 2009 from a large pension fund in Ontario where he was a Senior Portfolio Manager within their Derivatives and Fixed Income group. At AIMCo, Richard has led or served as the asset class lead for many initiatives including OTC derivatives (ISDA), collateral/margin requirements, and regulatory developments in global markets. In addition to the trading desk, he has grown AIMCo’s prime brokerage platform, futures infrastructure, and securities lending capabilities. He has run several return seeking portfolios, chairs a committee on volatility strategies, and is frequently involved in devising ways to effectively express investment strategies using both linear and curvature products. Richard has a Bachelor of Applied Science (Aerospace) from the University of Toronto, a Master of Business Administration from Queen’s University, and is a CFA charter holder. He has over 20 years of front office industry experience from both sides of the street and is currently serving a life sentence (with no chance of parole) under the benevolent rule of his wife Tracey and three boys Lucas, Mason, and Rowan.

26TH Annual Canadian Security Traders Conference 29 Alberta’s National Investment Dealer

ENERGY I AGRICULTURE I DIVERSIFIED INDUSTRIES

Investment Industry Regulatory Organization of Canada

Generating ideas that generate opportunities.

Every trade idea has a level of potential, but to execute effectively you need expert analysis and insight to help realize that potential. Barclays knows how to turn ideas into opportunities. We’re proud to take part in the 2019 CSTA Annual Conference. Learn more at barclays.com/ib

Barclays offers investment banking products and services to its clients through Barclays Bank PLC. Barclays Bank PLC is authorized in the United Kingdom by the UK Prudential Regulation Authority and regulated by the UK Financial Conduct Authority and the UK Prudential Regulation Authority and is registered in England No. 1026167. Registered Office: 1 Churchill Place, London E14 5HP, United Kingdom. Barclays undertakes its US securities and investment banking business in the name of its wholly-owned subsidiary Barclays Capital Inc., an SIPC and FINRA member. © Barclays 2019. All rights reserved. Barclays is a registered trademark of Barclays PLC, used under license.

26TH Annual Canadian Security Traders Conference 30 Real insight. Real transparency. Real time.

Canadian equities are entering an exciting new phase as BMO Capital Markets partners with Clearpool. Utilize our exclusive, advanced electronic trading infrastructure to customize, analyze, execute and optimize your algorithmic trading in real-time.

BMO Capital Markets is a trade name used by BMO Financial Group for the wholesale banking businesses of Bank of Montreal, BMO Harris Bank N.A. (member FDIC), Bank of Montreal Ireland p.l.c., and Bank of Montreal (China) Co. Ltd and the institutional broker dealer businesses of BMO Capital Markets Corp. (Member FINRA and SIPC) in the U.S., BMO Nesbitt Burns Inc. (Member Investment Industry Regulatory Organization of Canada and Member Canadian Investor Protection Fund) in Canada and Asia, Bank of Montreal Ireland p.l.c. (authorised and regulated by the Central bank of Ireland) in Europe and BMO Capital Markets Limited (authorized and regulated by the Financial Conduct Authority) in the UK and Australia. “Nesbitt Burns” is a registered trademark of BMO Nesbitt Burns Inc., used under license. “BMO Capital Markets” is a trademark of Bank of Montreal, used under license. “BMO (M-Bar roundel symbol)” is a registered trademark of Bank of Montreal, used under license.

26TH Annual Canadian Security Traders Conference 31 26TH Annual Canadian Security Traders Conference 32 Proud to sponsor. Credit Suisse is proud to sponsor the 26th Annual Canadian Security Traders Conference.

Citadel Securities is an award-winning global market maker across a broad array of fixed income and equity products. Our Making Better Markets unique set of capabilities and tools are designed to drive down the cost of transactions, helping to meet the liquidity needs of asset managers, banks, broker-dealers, hedge funds, government for a Better World agencies, and public pension programs. We strive to provide the most efficient execution and the highest caliber of services, making markets more fair and accessible for all.

26TH Annual Canadian Security Traders Conference 33 Driven by client goals. Driven by deeper insights.

Canaccord Genuity is a proud sponsor of this year’s 2019 CSTA.

Driven by your success.

Wealth Management / Capital Markets / cgf.com

Canaccord Genuity LLC is registered broker-dealer regulated by the SEC and FINRA. Member SIPC. Canaccord Genuity Corp. Member IIROC/Canadian Investor Protection Fund. Offices in other countries are offices of other companies in the Canaccord Genuity group of companies.

26TH Annual Canadian Security Traders Conference 34 BEST EXECUTION IS IN OUR DNA Being a market leader in best execution goes beyond simply complying with regulation

Powerful technology. Essential insight.

We understand the need for a powerful platform to thrive in today’s complex equities market. That’s why we ensure our leading technology, insightful trade analytics and intelligent market analysis are underpinned by one of the largest and most experienced teams on the street.

Our clients benefit from award-winning, integrated solutions across: • Portfolio & block trading • Prime services • Electronic execution • Research • Exchange Traded Funds (ETFs) • Other asset classes • Equity derivatives

As the leader in Canadian equity trading1, we stand behind best execution for all of our clients. Let our expertise work for you.

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* TSX and ATS Market Share Report, 2009 - present (as provided by IRESS Market Technology as at date of publication). CIBC Capital Markets is a trademark brand name under which different legal entities provide different services. Products and/or services offered through CIBC Capital Markets include products and/or services offered by the Canadian Imperial Bank of Commerce and various subsidiaries. CIBC World Markets Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. In the United States, CIBC World Markets Corp. is a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Fund, and CIBC Bank USA is regulated and insured by the Federal Deposit Insurance Corporation (FDIC). In the U.S., CIBC Capital Markets also provides investment banking services under the trademark brand name CIBC Cleary Gull. The CIBC logo and “CIBC Capital Markets” are trademarks of CIBC, used under license. All other trademarks are owned by their respective trademark owners.

26TH Annual Canadian Security Traders Conference 35 26TH Annual Canadian Security Traders Conference 36 26TH Annual Canadian Security Traders Conference 37 26TH Annual Canadian Security Traders Conference 38 INTL FCStone Financial Inc. Trade with a Global Leader in OTC

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Rankings/statistics based on data from FINRA ORF and Bloomberg RANK.

Empowering the sell-side with trading technology. Itiviti enables financial institutions worldwide to transform their trading. With presence in all major financial centres and serving around 2,000 clients in over 50 countries, Itiviti delivers on a global scale. • High-Touch • Compliance & Reporting • Low-Touch • Smart Order Routing • Middle O ice

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26TH Annual Canadian Security Traders Conference 39 The Global Investment Network Position yourself for peak performance.

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26TH Annual Canadian Security Traders Conference 40 SUNTRUST ROBINSON HUMPHREY PROUDLY SPONSORS THE 26TH ANNUAL CANADIAN SECURITY TRADERS CONFERENCE.

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©2019 SunTrust Banks, Inc. SUNTRUST and SUNTRUST ROBINSON HUMPHREY are trademarks of SunTrust Banks, Inc. SunTrust Robinson Humphrey® is the trade name for the corporate and investment banking services of SunTrust Banks, Inc. and its subsidiaries. Securities and strategic advisory services are provided by SunTrust Robinson Humphrey, Inc., member FINRA and SIPC. | Lending, financial risk management, and treasury and payment solutions are offered by SunTrust Bank. | Deposit products are offered by SunTrust Bank, Member FDIC. All rights reserved.

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26TH Annual Canadian Security Traders Conference 41 CXD Venture Trading on Nasdaq Canada Shedding light on Dark Pool Opportunity Access Canadian Equities Data with Nasdaq Basic Canada— an accurate, cost-effective alternative

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26TH Annual Canadian Security Traders Conference 42 HNW_NRG_C_Inset_Transp

RBC Capital Markets is proud to sponsor the Canadian Security Traders Association, Inc.

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26TH Annual Canadian Security Traders Conference 43 File Name: GBM_AD_CSTC-Conference_0819 Publication: CSTC Conference Trim: 8.267” x 11.692” Material Deadline: August 2019 Creative Services Bleed: 0.125" Safety: n/a Mech Res: 300dpi 100 Yonge Street, 10th Floor Toronto, ON M5C 2W1 Colours: CMYK

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™ Trademark of The Bank of Nova Scotia, used under license (where applicable). Scotiabank is a marketing name for the global corporate and investment banking and capital markets businesses of The Bank of Nova Scotia and certain of its affiliates in the countries where they operate, including Scotia Capital Inc. (Member-Canadian Investor Protection Fund and regulated by the Investment Industry Regulatory Organization of Canada). Services described are available only in jurisdictions where permitted by law. Full disclaimers, and terms and conditions may apply to individual products and banking services.

26TH Annual Canadian Security Traders Conference 44

26TH Annual Canadian Security Traders Conference 45 Transparent trading solutions meet advanced technology

We believe that transparency makes markets more efﬁcient and enables our clients to make better, more informed decisions. Learn more about our agency execution, analytics, workflow and liquidity solutions at virtu.com

26TH Annual Canadian Security Traders Conference 46 Thank You Vendors! VENDOR’S FLOOR PLAN

Booth # 6 Booth # 11 EMERALD A EMERALD B FRANCIS WENZEL TickSmith MEGAN MICELI Closed Refinitiv No Access franci s.wenzel @ti cksmi th.com Megan. Miceli@refinitiv. com www.ti cksmi th.com www. refinitiv. com 1 2 12 13 14

Booth # 8 Booth # 2

DAN GILLESPIE GREG HENRY Charles River Development, A State Street Company TradingScreen 8

dangi l l espi [email protected] gregory. henry@tradingscreen. com www.crd.com www. tradingscreen. com 7

Bar & Booth # 3 Booth # 13 Buffet Area 6

MARTIN HAKKER JOHN TONDERA ION Markets Bloomberg LP

5 marti n.hakker@i ongroup.com jtondera@bloomberg. net www.i onmarkets.com www. bloomberg. com/company

Booth # 7 Lobby 3 11 10

SIMON BINDER Chair ANDREW CLARK MARK D'SOUZA PEGGY BOWIE BMO Capital Markets Clearpool President [email protected] [email protected] REGISTRATION www.bmo.com www.clearpoolgroup.com cstaadmin@canadiansta. org canadiansta. org

Booth # 5 Booth # 12 Firm Name Booth Number Ticksmith 6 Charles River Development 8 JEFF FOSTER Fidessa 3 MARK DAVIES TMX Group S3 BMO Capital Markets/Clearpool 7 mdavi [email protected] jeff. foster@tmx. com S3 5 www.s3.com www. tsx. com Refinitiv 11 Trading Screen 2 Bloomberg 13 CSTA 10 TH 26 ANNUAL CANADIAN SECURITY TRADERS CONFERENCE TMX 12 The Westin Resort & Spa, Whistler, B.C. August 15-18, 2019 Many Thanks to our Sponsors ▲ and Vendors ▼