Comparison and Contrast of FX ECNs

AGENDA


A G E N D A
5:45 pm - Registration & Wine and Cheese Pairing Networking Pre-Event Join us after you register for a tutorial on wine and cheese pairing while networking with your colleagues before the event
6:30 pm - Panel Discussion: Comparison and Contrast of FX ECNs The panel addresses: How is each ECN positioned and what types of customers are they targeting? How will ECNs respond to recent developments that would significantly disrupt existing business models? Examples include: Emergence of single bank platforms Looming inevitability of Central Counterparty New entrants: ECNs and aggregators How do ECNs balance the needs of both high frequency traders and manual traders? Should ECNs be concerned with growing internalization of volume by banks? How are they responding? Moderator: Erik Lehtis, President, DynamicFX Consulting Panelists: Derek Sammann, Managing Director, FX & Interest Rate Products, CME Group Chip Lowry, COO, Currenex Jim Kwiatkowski, Head of Sales, Americas, FXall John Miesner, Global Head of Sales, Hotspot Dan Torrey, Head of EBS North America Sales, ICAP
7:30 pm - Networking Reception Immediately following the Panel Discussions there will be a Networking Reception allowing attendees and speakers further opportunities to discuss business trends, opportunities and challenges.

PANELISTS


P A N E L I S T S
	Jim Kwiatkowski is responsible for the distribution of FXall's products in the Americas, both directly and through partnerships with third parties. Before joining FXall, Jim worked at electronic trading platform FutureTrade, where he led the global sales, services and marketing functions and was responsible for negotiating partnerships with third-party distributors. Prior to FutureTrade, Jim held senior management positions at several financial technology companies including Bridge, where he ran their Global Accounts program and Reuters, where he was involved in launching Reuters Matching. Jim received a Bachelor of Science degree in Electrical Engineering from The Columbia University School of Engineering and Applied Science in 1986 and an MBA degree in Finance and International Business from New York University Stern School of Business in 1991.
	Erik Lehtis is the President of DynamicFX Consulting, a practice that draws on his expertise to assist banks and exchanges operating in the high frequency space in foreign exchange. With 17 years experience as a spot FX trader, 8 years building algorithmic arbitrage systems in the proprietary trading space, and degrees in both economics and computer science, he is uniquely qualified to provide guidance to those wishing to participate in this exciting and very competitive field. Erik began his FX career in 1984 with Crocker National Bank in San Francisco. He subsequently worked as a spot FX dealer for a series of banks in NY and Chicago before moving into the proprietary trading space in 2002. He launched and managed the FX, Eurodollar, and Fixed Income electronic arbitrage desks for Allston Trading, and most recently headed up High Frequency FX at Wolverine Trading in Chicago. He attended Georgetown University's School of Foreign Service and the University of San Francisco as an undergraduate student in Economics, and added a M.S. in Computer Science from the University of Chicago. Mr. Lehtis has also established his imprint on the market as a thought leader, writer, and sought-after panelist/moderator at conferences around the world on topics related to FX and high frequency trading, with appearances this year in Sydney, London, and New York, as well as articles, TV interviews, and webinar presentations for Reuters, Cisco, Streambase, FX Week, Profit-Loss magazine, and e-Forex magazine.
	Chip Lowry, Chief Operating Officer Mr. Lowry joined Currenex in 1992 and worked initially in product development and currency risk management roles. Prior to joining Currenex, he held positions in corporate finance and information technology with Alex. Brown & Sons, and in the financial systems consulting practice of American Management Systems. Mr. Lowry's industry activities include workgroup participation for FIX, CLS, and the Bank of England. Mr. Lowry holds a B.S. in Mathematics and Computer Science from Trinity College (Connecticut), an M.B.A. from Yale University.Ę He is also a CFA charter holder from the CFA Institute.
	John Miesner, Managing Director, Global Head of Sales at Knight Capital Group's, Hotspot FX, LLC subsidiary, has extensive experience in electronic foreign exchange execution. Mr. Miesner heads Hotspot's Global Institutional Sales team, specializing in electronic foreign exchange execution for high frequency trading firms, hedge funds, CTA's, asset managers and corporations. Prior to joining Hotspot FX LLC, John was the Chief Dealer for Standard Chartered Bank from 1988 to 2001. John received his B.S. in business management from Iona College.
	Derek Sammann has served as Managing Director, Foreign Exchange and Interest Rate Products of CME Group since October 2009. He is responsible for leading the development, execution and management of CME Group's global FX and interest rate product lines. Previously, he served as Managing Director, Global Head of Foreign Exchange (FX) since joining CME Group in September 2006. Before joining the company, Sammann acquired more than 16 years of experience in the global FX market, most recently as Managing Director, Global Head of FX Options and Structured FX Products at Calyon Corporate and Investment Bank in London, where he was responsible for building and managing the product platform, technology, trading and structured products offering in the company's global FX options business. In 2004, he was responsible for merging the FX Options activities of Crédit Agricole Indosuez and Crédit Lyonnais to create a top-tier player in the global FX options market. Prior to becoming Global Head at Calyon, Sammann worked as Senior Vice-President and Chief Dealer, FX options for CrŽdit Agricole Indosuez in London, and as Vice-President and Senior Trader, FX options at Banque Indosuez in Paris. He began his career as Associate Vice-President and Head CME FX Options Floor Trader for Cooper, Neff & Associates in Chicago. Sammann holds bachelor's degrees in economics and political science from Northwestern University.
	Dan Torrey is the Head of EBS North America Sales for ICAP Electronic Broking (IEB), covering spot FX and cash Treasuries. ICAP's global electronic trading business takes place on the award-winning EBS and BrokerTec platforms. Dan and his team's primary focus is selling EBS Prime to hedge funds, CTAs, FCMs and proprietary trading firms who seek access to EBS' wholesale market liquidity. EBS Prime customers trade in the name of an EBS Prime bank, allowing for previously unavailable access to EBS prices and liquidity. Prior to joining EBS in 2004, Dan was a Vice President in Sales at The Bank of New York - ADR Division, where he was responsible for managing customer relationships on both the sell side and buy side. Dan earned an MBA in Finance from New York University Stern School of Business, and received a BA in International Relations from The Johns Hopkins University.