5th World Financial Information Conference From: http://www.fisd.net/wfic2001/schedule.html Date: 2001-08-25 5th World Financial Information Conference - STANDARDIZATION: WHAT YOU DON KNOW CAN HURT YOU Program Schedule For a full list of speakers and biographical information, please visit our Speakers page. TUESDAY, OCTOBER 30 12:30 pm 2:00 pm FISD Working Meeting 2:00 pm 3:30 pm FISD Executive Committee Meeting 3:30 pm 4:00 pm Coffee Break 4:00 pm 6:00 pm FISD Product Launch: Market Data Policy Database FISD has spent two years building a comprehensive database to define, clarify and publish all obligations and requirements covered by exchange/SRO contracts. The database also contains full fee schedules for all fee-liable exchanges. The objective of this project is to promote market data policy transparency and to ensure that all vendors, redistributors and end-users have consistent interpretations of the policy and contractual requirements of exchanges on a global basis. The official launch of the Market Data Policy Database will take place at the World Conference. 6:30 pm 8:00 pm Opening Reception WEDNESDAY, OCTOBER 31 8:30 am 9:15 am Registration and Coffee 9:15 am 10:45 am Panel One: At the Forefront of Market Data Looking Ahead...and Over the Shoulder. Chief executives from the industry's leading market data vendors on one panel to debate the nature of added-value in a world of open standards. Daniel Connell, Executive Managing Director, Standard & Poor's ComStock Paul Ingrassia, President, Dow Jones Newswires Jonathan Robson, President & CEO, MoneyLine Patrick Tierney, President & CEO, Thomson Financial Devin Wenig, President, Reuters Information 10:45 am 11:15 am Coffee Break 11:15 am 12:45 pm Panel Two: The Newswire of the Future Content is King, but Does the Emperor Have Clothes? News providers meet buyers in a discussion of the new face of news. The panel will address the technologies of dissemination - XML tagging, filtering, monitoring, audio/video, and navigation - as well as the critical challenges of authentication and trust of breaking news in the unregulated Internet environment. Dow Jones Newswires will present the results of a pan-European survey of financial news buyers. The survey will reveal how real-time news is used to make trading decisions. What is the real level of trust of the news by market participants, and what "bells and whistles" do they want to find in news stories in the years ahead. Rolf Anders, Managing Editor, vwd Vereinigte Wirtschaftsdienste GmbH Geert Linnebank, Editor in Chief, Reuters John Manley, Editor, AFX News Robert Prinsky, Senior Editor, Product Development, Dow Jones Newswires Matthew Winkler, Editor in Chief, Bloomberg 12:45 pm 2:15 pm Lunch 2:15 pm 2:45 pm Keynote Address 2:45 pm 4:15 pm Panel Three: The Real Impact of Straight Through Processing We Have the Desire, but Do We Have the Means? T+1 and STP are efficiency problems - but there is more to it than just infrastructure. Automation will fundamentally alter how every segment of this industry does business. This session will examine both the internal industry-wide implications on processing and the external impact of low-cost, real-time trading and settlement on the growth of cross-border and retail markets. Sara Banerjee, Vice President, Data Operations & Procurement, Telekurs (USA) Inc. Doyé Henri Yudowi, Vice President & Regional Manager, EMEA Global Client Technology Management David Gilks, Senior Vice President, JP Morgan Chase Richard Hughes, Managing Director, Omgeo Roger Preece, Partner, Capco John W. Zambrano, Vice President & T+1 Program Manager, JPMorgan Investor Services 4:15 pm 4:45 pm Coffee Break 4:45 pm 6:15 pm Panel Four: Security Identification: A Prerequisite for Automation Can the Standards Support the Way of the Future? Trading and settling a security has become increasingly complex in the world of ECN's, ATS's, dual listings, multiple trading and inter-depository linkages. ISIN is no longer sufficient to uniquely identify an instrument, point to trade/settlement location or address the challenges of data/news linkages. This session will pinpoint the necessity of unique security identification and highlight the path forward to enable the industry to meet the automation challenges of STP. FISD is a member of the ISIN User Group and is leading the inquiry into the requirements for unique security identification in STP environments. We'll give you the inside story on symbology and define the prospects for integrating front and back office processing. Colin Gibson, Director of Operations, Merrill Lynch International Andrew Douglas, Head of Securities Product Development, S.W.I.F.T. s.c. R. Douglas Kemp, Manager, Bloomberg L.P. Dan Kuhnel, Senior New Issues Business Manager, Clearstream Banking Scott Preiss, Vice President, Global Settlement Services, Standard & Poor's Terry Gibson, Executive Director of Industry Relations, Omgeo Michelle Weiler, Global Securities Specialist, Capital Group ResearchDan Kuhnel, Senior New Issues Business Manager, Clearstream Banking 6:30 pm 8:00 pm Networking Cocktail Reception THURSDAY, NOVEMBER 1 8:00 am 8:30 am Coffee 8:30 am 10:00 am Panel Five: Keynote Address: One World, How Many Exchanges? Distinction or Extinction: Which Will It Be? However intense the competition within the securities industry, there should be agreement on the point of there being only one world. There should also be a consensus on the validity of the question of how many exchanges will be viable in the future commercial environment as discerned at the end of 2001. Chief executives from several of the industry's leading market centers will debate the future of securities and derivatives exchanges in a highly automated, broadly demutualized, and fully-STP business environment. Thomas Krantz, Secretary General, FIBV - International Federation of Stock Exchanges K. C. Kwong, Chief Executive, Hong Kong Exchanges and Clearing Ltd. Christoph Lammersdorf, Member of the Executive Board, Deutsche Börse AG Martin Wheatley, Deputy Chief Executive, London Stock Exchange 10:00 am 10:30 am Coffee Break 10:30 am 11:45 am Session A: Pushing the Capacity Envelope When is Enough, Enough? Decimalization, auto-quoting, multiple listings, outside the market quotes, and automatic execution systems will continue to keep bandwidth and capacity management at the top of the agenda. Simply adding capacity is a costly solution in the age of efficiency. Is unbundling, ASP and on-demand processing the answer? Andrew Dunn, Director of Infrastructure and Project Engineering, Radianz Don Nordberg, Director of Strategy, RAW Communications Chris Pickles, Manager, Industry Relations, Radianz Phil Sayer, Head of Global Communications, Reuters Monica Summerville, Managing Director, Europe, Jordan & Jordan Session B: Data Delivery: The Next Generation So Many Choices: How Do You Make the Right Ones? From Internet delivery, to virtual private networks, to wireless 3G, to streaming and wireless streaming, the emerging options for data delivery will be many. Which will provide the capabilities crucial to real time transactions and guaranteed security? And how will the various delivery modes and platforms from desktop to PDA's to phones be integrated? Who is positioned to win and what obstacles remain? Douglas Gardner, Vice Chairman, eSpeed, Executive Managing Director, Cantor Fitzgerald, eSpeed Christopher Graves, Managing Director, Business Development, EMEA & Asia, Dow Jones Consumer Electronic Publishing Ariel L. Jacobs, Executive Vice President, Americas, Caplin Systems, Inc. Wolfgang Staehle, President, Akamai Technologies EMEA Oliver Sturrock, Chief Technology Officer & Co-Chief Executive Officer, weComm Matt Wisk, Vice President, Marketing, Nokia Networks 11:45 am 12:00 pm Coffee Break 12:00 pm 1:15 pm Session C: Business Process Automation: Are We Ready? Isn't it Time Our Technology Helps Out Behind the Scenes? Market data policy compliance, contract management, billing, reporting and invoice reconciliation is still a multiple system administrative nightmare. One would think that the technologically sophisticated securities industry - in the age of electronic commerce - could do better. Does the global industry have the collective will to overcome inertia and fix the long-standing and costly inefficiencies associated with market data administration? FISD is leading the industry-wide debate on billing automation. We will give you the inside view on the development of billing standards as well as our assessment of the likelihood of full automation of billing, reporting and inventory management. Janet Santasieri, Director, Global Market Data Services, Merrill Lynch Janet Simpson, Market Data Consultant to Reuters Ltd. Session D: The Future of Futures When Is an Equity Not an Equity? Universal stock futures are creating an industry-wide buzz as the product of the future. It started in Sydney. Picked up steam in London. And now is being coveted in New York and Chicago. Futures on equities have opened up an entirely new question about the relationship between equities and futures, - and with it new questions about regulation, transparency and market data. In addition to new formats, what data is to be disseminated and how will it be synthesized? Anthony Bellchambers, Chief Executive Officer, Futures & Options Association Thomas Cargie, Vice President, Market Data Services, Chicago Board of Trade Mike Cartier, Managing Associate, eSolutions & Development, Cargill Investor Services Paul MacGregor, Head of Third Party Sales, London International Financial Futures and Options Exchange (LIFFE) 1:15 pm 2:45 pm Lunch 2:45 pm 4:15 pm Panel Six: Transparency and the Benefits of Information Competition Will This Tear or Repair the Fabric of the Securities Industry? Information isn't scarce, but high value-added and actionable information is. This session will delve into the risks and benefits of the global movement toward unrestricted information competition. What's the outcome of the inevitable collision between regulation, globalization, technology as exchanges, vendors and securities firms all position themselves to move further up the value chain and compete on the basis of transparency? FISD sits on the SEC Market Data Advisory Committee. The final report is scheduled just prior to the World Conference. We will tell you what it means for the U.S. securities market as well as define the implications for global regulation. Nick Dyne, Chief Executive Officer, LogicScope Matthew Elderfield, Head of Exchanges & Clearing Houses, Markets & Exchanges Division, Financial Services Authority, UK Alasdair Haynes, Chief Executive Officer, ITG Europe Richard Kilsby, Vice Chairman, virt-x Exchange Limited Ruben Lee, Managing Director, Oxford Finance Group Henry Manisty, Head of Government & Regulatory Affairs, Reuters Volker Potthoff, Managing Board Member (Xetra Division), Deutsche Börse Herbie Skeete, Director, Equities, Commodities & Energy Content, Reuters Group Plc. 4:15 pm - 4:45 pm Coffee Break 4:45 pm 6:15 pm Panel Seven: Defining the Market Data Landscape (Who's Doing What to Whom?) The Days of Our Lives Meets Neighbours in the West End. Mergers, global trading alliances, common clearing, banking consortia...whatever happened to good, old-fashioned competition? Is further integration inevitable? This session will provide an insider's view of the emerging landscape of the securities industry and assess what it means for both traditional and non-traditional players. Kenneth B. Marlin, Managing Director, Veronis Suhler & Associates John A. McConville, Editor, The Market Data Industry Angus MacDonald, Financial News Randolph Walerius, News Editor for EMEA, Dow Jones Newswires 6:30 pm 8:00 pm Reception FRIDAY, NOVEMBER 2 8:00 am 8:30 am Continental Breakfast 8:30 am 9:45 am Panel Eight: Corporate Disclosure: Building the Case for Standardization How Level Should This Playing Field Be? This panel will bring together company representatives, public relations firms and news services to debate the questions of access, standards and the mechanics of corporate disclosure. Do investors need a pan-European securities regulator - or even a global one? On the table for discussion are: the analyst conference call, the Fair Disclosure Rule, news "scoops" and leaked results, insider trading, XBRL and global accounting standards. Zachary Coffin, Global XBRL Leader, KPMG, LLP Scott Fulton, Head of Investor Relations, Financial Dynamics Mark Hynes, Director of Financial & Investor Relations Services, PR Newswire Gabriella Stern, Senior Editor, Dow Jones Newswires, EMEA Elizabeth Wade, Head of Investor Relations, DaimlerChrysler AG 9:50 am 11:10 am Panel Nine: MDDL: Defining the Market Genome Is This a 21st Century Tower of Babel? Every segment of the financial industry is moving to take advantage of the efficiencies of open format standards. This fast-track initiative - to integrate and link market data from multiple sources into common desktop applications - has global momentum and broad industry backing. Now that the genie is out of the bottle, information vendors must deal with the risks and rewards of interoperability and answer the core question of how to maintain competitive advantage in this new world of open standards. FISD is leading the way on XML for market data as the facilitator of the Market Data Definition Language (MDDL). The official release of MDDL Version 1.0 will take place at the World Financial Information Conference. James Hartley, Catalyst, Office of the Chief Scientist, Bridge Information Systems, Inc. Mark Hunt, Head of XML Strategy, Reuters Richard C. Robinson, Assistant Vice President, Bank of New York 11:10 am 11:40 am Coffee Break 11:40 am 1:00 pm Scorecard on the Euro What's the Verdict or is the Jury Still Out? Mints across Europe are set to put Euro notes and coins into the pockets of millions of Europeans starting in January. The Euro has taken its share of knocks, from its drop below parity with the dollar to the uncertainty about the succession to European Central Bank President Wim Duisenberg. Not to mention E.U. holdouts Denmark, Sweden and the U.K. The Euro is real, but is it a success? Philippe d'Arvisenet, Chief Economist, BNP Paribas Graham Bishop, Adviser, European Financial Affairs Steven Englander, Global Currency Economist, Citibank Alfonso Prat-Gay, Chief Currency Strategist, JPMorgan Michael Sesit, Senior Correspondent, The Wall Street Journal Europe 1:00 pm 2:30 pm Closing Luncheon