Launching a High Frequency Trading Firm and Understanding Current Market Trends in FX, Fixed Income and Futures

AGENDA


A G E N D A
4:45 pm - Registration 5:10 pm - 5:15 pm - Introduction 5:15 pm - 5:55 pm - Sessions A, B, C running simultaneously 6:00 pm - 6:40 pm - Sessions A, B, C running simultaneously 6:45 pm - 7:25 pm - Sessions A, B, C running simultaneously 7:25 pm - 7:30 pm - Conclusion 7:30 pm - 8:30 pm - Networking Reception
Breakout Session A: Key Legal and Other Considerations in Setting up Your Own Firm Facilitated by Alan Schwarz, President & COO, Trading Cross Connects This breakout session addresses: Corporate - company setup Intellectual Property - IP issues to consider when departing from your current employer Tax - how to set up your company in the most tax efficient manner Employment Matters - non-competes, non-solicits, confidentiality considerations Subject Matter Experts include: Mitch Rabinowitz, Partner, Crowell & Moring Jim Fischer, Associate, Drinker Biddle & Reath LLP Henry Lebowitz, Partner, Fried Frank Richard Kaltenbach, Senior Counsel, ICAP
Breakout Session B: Establishing Counterparty and ECN Relationships Moderator - Paul Zubulake, Senior Analyst, AITE Group This breakout session addresses establishing relationships with: Prime Brokers and Banks Foreign Exchange, Fixed Income and Futures Exchanges and ECN's Co-location, hosting and telecom service providers Subject Matter Experts include: Dave Reid, Director FX Prime Brokerage, Citi David Schulz, Director, FX Products, CME Group Tom Scanlan, Senior VP, ICAP's BrokerTec
Breakout Session C: Infrastructure and Technology Needs Moderator - Gray Lorig, CIO, Trading Cross Connects This breakout session addresses: Developing and implementing a solid low latency model Building vs. buying a superior system Evaluating the best proximity and hosting solutions Advances and trends in HF technology Subject Matter Experts include: Timothy James, Deployment Manager, Aegisoft Kevin Houston, Chairman, Rapid Addition Richard Tibbets, CTO, StreamBase Systems, Inc. Will Mechem, Managing Director, WJT Global Solutions

SUBJECT MATTER EXPERTS


S U B J E C T M A T T E R E X P E R T S
	James M. Fischer is a lawyer in Drinker Biddle & Reath's Corporate & Securities Practice Group, where he focuses his practice on corporate restructurings, mergers and acquisitions/divestitures, entrepreneurial matters, venture capital financings, secured and unsecured financings and general corporate matters. Jim advises both individual and institutional clients in a variety of matters relating to investments in, and transactions with, domestic and foreign proprietary and high frequency trading firms and incubators, including in connection with the formation and operation of Trading Cross Connects and its affiliate Bay Head CI US LLC. Jim is a member of the Board of Directors of each of Trading Cross Connects Holdings Limited and Trading Cross Connects US LLC. He received his J.D., magna cum laude, from Seton Hall University School of Law and graduated Phi Beta Kappa and summa cum laude from The Catholic University of America.
	Timothy James is the professional services manager at Aegisoft LLC, overseeing the team responsible for algorithm development, deployment, product customizations, code optimization, and other consulting needs. He has worked on algorithms and trading systems for many clients from large banks to proprietary trading firms. He also has recently appeared in E-Forex and FX-MM magazines. Timothy has represented Aegisoft and AthenaTrader at several industry conferences and forums, including FIA and FX Week.
	Richard Kaltenbach is Assistant General Counsel for inter-dealer broker ICAP North America, Inc., where he focuses on employment related matters. Prior to joining ICAP in 2004, he practiced with a New Jersey law firm where he specialized in employment law and commercial litigation. Rich received a JD from the Catholic University of America and a BA in Economics from Cornell University.
	Henry Lebowitz is a member of the corporate departmentÊresident in the New York office. He joined the Firm in 2004 as a partner. Mr. Lebowitz concentrates his practice in the field of intellectual property law with a focus on patent law in the electrical and mechanical fields. His practice includes transactional work, litigation and counseling in those areas. Mr. Lebowitz is also a lecturer at Columbia University School of Law, where he co-teaches the advanced patent law seminar. From 1990 to 1992 he served as a patent examiner in the United States Patent and Trademark Office.
	Gray Lorig is Chief Information Officer at Trading Cross Connects, an incubator of high frequency algorithmic trading teams. After a career as a scientist in computer graphics and supercomputing, he now applies cutting-edge computational techniques to financial markets. Until recently, Mr. Lorig was the Chief Technologist and Manager of Trading Operations for Fourth Creek Management, LLC and he came to this job from Wellington Management where he had been in charge of fixed income investment technology, overseeing benchmarking and portfolio performance and management systems for $160 billion in assets. Gray's Wall Street career began at EJV, a joint venture of major Wall Street firms that developed fixed income analytics, data and pricing for the capital markets. He was also CTO of Bridge eMarkets, a unit of Bridge Information Systems, which supplied exchange and market data platforms to the majority of Wall Street dealers. Gray graduated with a BE and ME in Computer and Systems Engineering from Rensselaer Polytechnic Institute.
	Will Mechem, Managing Director, Willard John Thomas (WJT Global Solutions) has over twenty years experience delivering financial technology solutions to top tier multi-national clients. Will leverages his experience and vast network of global leaders in finance & technology to execute engagements, provide referrals and broker strategic relationships. Prior to forming WJT in 2008, Will led onshore and offshore teams for investment management and brokerage clients at Alliance Consulting Group and Genesis 10. Will started his career in the late 1980's with Wang Laboratories and then went on to found Strategis Strategic Information Systems, which he led as CEO for 12 years until the firm was acquired in 2002.
	Mitchell Rabinowitz is a partner with Crowell & Moring, a multi-discipline, international law firm. Mitch has had extensive expertise working with, and has focused primarily on, the financial services industry over his 18 year career. His experience spans a wide range of markets and products, including FX, fixed income and futures, and he has worked closely and repeatedly with Wall Street's largest banks, leading electronic trading platforms, brokers and proprietary trading shops. Mitch is often involved with many of the most prominent consortium transactions in the industry, as new businesses are conceived and created by leading industry players. At the same time, Mitch works with a variety of start-up financial services companies, assisting clients in working through the many steps in establishing successful businesses. Prior to joining Crowell & Moring in 2005, Mitch was counsel at Cleary Gottlieb Steen & Hamilton LLP, where he practiced for 12 years. Mitch received a JD from Harvard Law School, an MPP from Harvard's Kennedy School of Government, a BS from The Wharton School and a BA from the University of Pennsylvania.
	Dave Reid is Global Head of FX Prime Brokerage Sales and has been at Citi since 2006.Prior to that he has held trading, sales, ecommerce and Prime Brokerage roles at AIG, ANZ and Swiss Bank Corporation in Europe, North America and Australia.
	Tom Scanlan is Senior Vice President of ICAP Electronic Broking (IEB) in the company's Chicago, Illinois office. ICAP's global electronic trading business takes place on the award-winning EBS and BrokerTec platforms. Tom and his Chicago team's primary focus is selling EBS and BrokerTec products to the Chicago business community, including hedge funds, CTAs, FCMs and proprietary trading firms, among others, who seek access to EBS' and BrokerTec's wholesale market liquidity. Prior to joining BrokerTec in 2001, Tom was a business project leader for the Market Linkage program at the Options Clearing Corporation in Chicago. Tom has also consulted in the international unit of the interdealer broker Prebon Yamane, and in the late 1990s, he headed training for the Chicago Board Brokerage (the first all in one repo, futures and treasuries trading platform). His tenure began in the markets in 1991 as a professional on the floor of the Chicago Board of Trade (CBOT), where he served in various capacities including member/trader, market and product development, and instructor for Electronic Trading.
	David Schulz was appointed Director, FX Products of CME Group in 2007. He is responsible for developing relations with global foreign exchange (FX) market participants to increase global trading of CME FX products. Schulz joined CME in 2003 and previously served as Associate Director, CME FX Products. Prior to joining the company, he was an independent floor trader in CME FX markets and held FX broker/sales management roles for Merrill Lynch Futures Inc. on the CME trading floor. He also has FX trading experience with Lloyd's Bank PLC in New York. Schulz earned his bachelor's degree in economics from the University of Wisconsin-Madison.
	Alan Schwarz is the CEO of Bay Head CI US LLC and President and COO of Trading Cross Connects. Together, Bay Head and TXC incubate high frequency trading firms by providing capital and infrastructure. This is Alan's third start-up venture, which included BrokerTec Global LLC - the leading electronic fixed income platform formed by Wall Street's largest banks. Alan was one of the early joiners of BrokerTec where he served as Global General Counsel and a member of its management team. Following ICAP's acquisition of BrokerTec, Alan became ICAP's General Counsel for the Americas. While at ICAP Alan was part of the management team that acquired several ICAP key businesses, including EBS and Traiana. Alan graduated with a BA from Rutgers University and a JD from Rutgers Law School, Newark.
	Richard Tibbets, CTO, StreamBase Systems, Inc. As a co-founder and Chief Technology Officer at StreamBase, Richard provides technical leadership for the development team and leads architecture design for StreamBaseÕs Event Processing Platform. Richard is also responsible for furthering new StreamBase capabilities such as StreamBaseÕs Ôwhite-boxÕ application frameworks, for example, the Smart Order Routing framework. As CTO, Richard directs the next-generation of the StreamSQL, the event programming language developed by Richard and his team, which applies the benefits of SQL for stored data to real-time transitory data. Richard is an active blogger and writer (@tibbetts), and frequent publisher and presenter at leading technology events such as SIGMOD, VLDB, and DEBS. Richard is also a founding member of the Complex Event Processing industry group EPTS in addition to working with multiple vendors, including Oracle on CEP standards. Richard earned both his BS in Computer Science and Engineering, and Masters Degrees at MIT. He completed his graduate research under the direction of Dr. Mike Stonebraker, StreamBaseÕs
	Paul Zubulake is a senior analyst at Aite Group, LLC, specializing in financial, energy and commodities futures and options markets. His expertise includes how the application of technology, such as algorithmic trading and FIX protocol, is playing an ever- increasing role in futures and options trading. Mr. Zubulake has been quoted in the press in publications such as Bloomberg, Dow Jones, Reuters, the Chicago Tribune, Crain's Chicago Business, Futures Magazine and Advanced Trading. He has spoken at industry conferences, including the OTC Derivatives Operations & Processing conference and FTF's Electronic Trading for Futures & Options conference. Prior to joining Aite Group, Mr. Zubulake was the connectivity manager for the futures department at Citigroup Global Markets. In this capacity, he was responsible for the implementation of various futures electronic trading solutions. He specialized in vendor-based s olutions and DMA trading via FIX protocol. Prior to that, he supervised trading at the Broketec Futures Exchange. Mr. Zubulake has also held trading and institutional sales positions in the futures and options space at REFCO Inc., Cresvale International LLC, and Finacor Vendome Inc. Mr. Zubulake received his B.A. in Economics from the University of Maryland. He holds Series 3, Series 7, and Series 63 licenses.