Transformational Trends in Electronic Trading: Adapting to Change and Seizing Opportunity
Trading in the fixed income and OTC derivatives markets is going through profound change today and will likely continue to do so over the next several years. While the world of electronic trading continues to be upended by ongoing structural and cyclical changes, the benefits such as efficiencies in cost, collateral, operations, scalability, price discovery—not to mention regulatory risk reduction, are undeniable.
Driven by technological progress, regulatory rules and pressures, and the strive for higher profitability and cost efficiencies, on Tuesday, April 30th at 10 AM EDT Numerix hosted a webinar discussion with a panel of industry experts from Greenwich Associates, Tradition SEF and TradingScreen exploring the key issues, challenges and trends shaping the evolution of electronic trading across the capital markets.
Join us to learn how the market is responding to an increasing automation of markets, and an increase in trading complexity as well.
Key Topics to be Discussed:
- Barriers to electronic trading evolution
- Electronic liquidity provision and how it has evolved
- Speed of automation
- Electronification of complex products
- The changing roles of market participants
- The human/technology balance
- Regulatory change
- Data challenges
Featured Speakers
Scott Fitzpatrick
Scott Fitzpatrick is CEO of Tradition SEF, the swap execution facility owned by Compagnie Financière Tradition, an interdealer broker in over-the-counter financial and commodity related products. Spending time in Washington DC talking with regulators on regulatory reform and developing a strategy around how Traditions global business positions it’s various execution platforms to take advantage of the ever changing trading environments are key components of this role. In addition to running Tradition’s SEF, Scott is also responsible for Traditions global data business making Traditions highly sought after multi-asset OTC data available to a worldwide consumer base. Scott joined Tradition in 2012, as executive director of strategy and business development and has been instrumental in Tradition building a future proof intermediation strategy across all trading asset classes. Prior to Tradition, Fitzpatrick spent ten years at interdealer broker GFI Group, where he served in a variety of roles including client relations director for regulatory reform and global head of GFI's FENICS and market data businesses. He began his career at GFI as head of sales for the U.S. FENICS and market data businesses. Before joining GFI, he held a similar position at ProIV, a data development framework. Fitzpatrick also sits on the board of directors of the Wholesale Markets Brokers' Association Americas Inc. Fitzpatrick graduated from Napier University in Edinburgh, Scotland in 1990, with a degree in business and computer studies.
Joseph Ahearn
Joe Ahearn is Senior Vice President, Head of Fixed Income of TS. He is one of the company’s co-founders and initially joined the company as Chief Technology Officer. Prior to founding TS, Joe held a variety of positions at Credit Suisse First Boston (CSFB) and spent over 14 years with the firm, including multiple senior positions. As director at CSFB, Joe was responsible for front office e-commerce trading and internet-based application development. As Chief Technology Officer of CSFB’s PrimeWorld family of e-commerce financial products, built and managed electronic trading systems for all major financial markets. He was responsible for product development, design, software development, architecture design, technical infrastructure and project management. In addition, he was instrumental in building and implementing the exchange links with European electronic exchanges. In 1987, Joe joined CSFB’s equity technology group in Tokyo where he built program-trading applications, electronic exchange connectivity to all major markets and launched the first straight-through processing engine, from trader to clearing agent, in the Japanese market.
Martin Toyer
Martin Toyer is Chief Technology Officer of Numerix, a leading provider of real-time pricing and risk technology. He has dedicated his career to developing technology solutions and risk tools for the financial industry. Prior to joining Numerix in 2017, Toyer was the founder and CTO of TFG Financial Systems, which provided institutional quality platforms for cross-asset portfolio and real time risk management to hedge funds, asset managers, and banks. Previously, he was a manager of a team of developers at a Tier 1 investment bank, where he was responsible for real time pricing of European bonds and interest rate swaps, in addition to developing the risk analytics and systems used within the bank’s global risk management architecture. Toyer holds a Mathematics degree from Brasenose College, Oxford University.
Kevin McPartland
Kevin McPartland has over 20 years of capital markets industry experience with deep expertise in market structure, regulation and technology impacting the fixed-income, FX and equity markets. Prior to joining Coalition Greenwich, Kevin was with BlackRock, where he was a Director in the Electronic Trading and Market Structure group. Prior to Blackrock, he was a Principal at TABB Group, where he founded and led the firm's fixed-income research practice. Kevin also spent time at J.P.Morgan, UBS and Deutsche Bank in varying capacities. Kevin has presented at a wide range of industry conferences, is quoted regularly in the financial media and has provided live and taped commentary on various TV and radio outlets. In addition, he provided testimony discussing the Dodd-Frank Act in 2011 to the U.S. Senate’s Banking Committee and three times to the U.S. Commodities and Futures Trading Commission (CFTC), mostly recently in 2015.