Schedule

Team-Building, Tour and Networking @ Sintra

Market Data Cup @ The Penha Longha Golf Course

Sponsored by Tullett Prebon Information

Lisbon City Tour - CLOSED

Registration

Pick up your badges, program & conference bag.

You must wear your badge at all times, it serves as entry to the conference sessions and all off-site meal events.

Speed Networking

A great way to start the conference by meeting and/or reconnecting with your global industry peers.  Bring your business cards!

Welcome Reception

Sponsored by Bloomberg

Registration, Breakfast and Networking

Pick up your badges, program & conference bag.

You must wear your badge at all times, it serves as entry to the conference sessions and all off-site meal events.

Welcome from Conference Co-Chair

Presenter:

Sara Banerjee, Conference Co-Chair - Director, Global Data Acquisition, SIX Financial Information Ltd.

Opening Keynote

Keynote:

Lance Uggla, CEO, Markit

Thinking Macro

To make good decisions, providers of financial data products and services need to truly understand the economic and financial market context:  the tribulations of the Euro Zone, the faltering U.S. recovery, and more modest growth in Asia.   As a result, the health and wealth of those buying data remains a cause for concern.  Although stock market prices are high, volumes are subdued and margins thin, leading financial institutions to cut costs, especially headcount.   Prominent industry observers will explore the macroeconomic backdrop and impact for the financial information industry - the likely winners and losers (and their strategies), M&A implications, and what to look for next.

Moderator:

Alexandra Foster, Head of Global Strategy & Business Development, Financial Technology Services, Global Banking & Financial Markets, BT

Panelists:

Stuart Clark, Non-Executive Director, StatPro Group Plc

Donald Madura, Founder and Managing Director, Madura Associates

Herbie Skeete, Managing Director, Mondo Visione Ltd.

Larry Tabb, Founder & CEO, TABB Group

Networking Break

Standardizing Administration: Real Opportunity or Pipe Dream?

Varied constituencies within our industry concede the theoretical benefits of increased administrative standardization yet we still seek substantive achievement.  Panelists explore sectors like billing, reporting, auditing, and contract administration that are ripe for standardization and posit the hurdles impeding advancement.   We will discuss both short-run coping mechanisms and big picture solutions like consortiums and shared utilities.  We will look at competitive issues that face content providers considering cooperation through joint facilities and the development of common practices.

Moderator:

Robert Leitner, President, The Roberts Group

Panelists:

Ana Forssman, Director - Market Data, JSE Limited

Michael Hodgson, Head of Licensing - Global Market Data, NYSE Euronext

Kiou Nayer Nouri, Global Head of Market Data Commercial Management, Director , Barclays Bank

Sallianne Taylor, Global Manager, Exchange Business, Bloomberg L.P.

China, Inside and Out

How have non-Chinese firms in our industry - both Western and Asian - fared in doing business inside China?  Vendors and consumers have operations within China but political, cultural, economic and marketing obstacles have made doing business there more complicated than expected.  We review and discuss some specific experiences.  We also consider how the Chinese have responded and how internal competition has developed - e.g. local Chinese vendors and financial firms.  Intriguingly, when might the Chinese come knocking on our doors in New York and London?

Moderator:

Frank Desmond, Managing Director, Tullett Prebon Information

Panelists:

John Carter, Global Managing Editor , Market News International

Keiren Harris , Director, DataContent, Hong Kong

Mike Powell, Managing Director, Hosting & Managed Services, Thomson Reuters

Andrew Reeve, Head of Sales, Asia Pacific and Middle East, Tullett Prebon Information

Networking Lunch

Sponsored by S&P Capital IQ & Interactive Data

Constituent Groups

The FISD constituency group sessions provide a unique opportunity to candidly address market data business issues and practices with your colleagues from firms in your same industry segment. Separate sessions will be held for exchanges, consumers, and data vendors.  These sessions are by invitation only.

Workshops and Roundtables

Roll up your sleeves and finish the first day of WFIC by engaging your peers in discussion about a variety of pertinent topics for financial information executives. Roundtables are informal, small group discussions on key issues for the industry. Each table will be focused on a different, specific financial information topic. Facilitated by industry experts, these sessions will provide the opportunity to get caught up on the latest developments or take a "deep dive" into an issue with other practitioners.

Roundtable 1: The BRIC Economies: Down but Not Out

Growth in Brazil, Russia, India and China has slowed but the BRICs remain a major economic and political force. We’ll discuss the recent slowdown, the outlook for the BRIC nations, and survey evidence that provides an insight into their future direction.

Facilitator:

Axel Schorn, Director, Head of Indicators, Deutsche Boerse AG

Philip Uglow, Chief Economist, MNI Indicators, MNI

Roundtable 2: The European Consolidated Tape debate rolls on

Where does the industry stand ahead of MiFID II? What can we learn from the US consolidated tape model? What are the implications for other markets where competition is emerging?

Facilitator:

Sallianne Taylor, Global Manager, Exchange Business, Bloomberg L.P.

Roundtable 3: Streamlining Counterparty Credit Risk Management

In the wake of the financial crisis, more attention has been paid to the LEI, however, integration could be costly and inefficient. We will explore ways to develop an accurate picture of credit risk that doesn’t require an inordinate amount of painstaking research.

Facilitator:

Ken Napolitano, Enterprise Content and Distribution Strategy, Bloomberg L.P.

Roundtable 4: Big Data

Big Data has been described as the “transformational influence on the 21st century global financial system”.    Discuss and debate everything from tables to Tufte.  We will explore the “datafication” of financial engineering, the amplification of prediction, and the discovery of the “signal in the noise”.

Facilitator:

Michael Cooper, CTO, BT Radianz, Global Banking and Financial Markets, BT

Roundtable 5: Community and Communication in the Capital Markets

Communication and collaboration are crucial tools to help market participants meet the new challenges from regulatory reforms and evolving business models. How will new communications and collaborative technologies  bring together a broad community of capital markets professionals while fitting seamlessly into existing workflows?

Facilitator:

Heidi Johnson, Global Head of Hub and Collaboration Services, Markit

Roundtable 6: Managed Services - Considerations and Opportunities

The shift towards managed services is inevitable but it is not a "one size fits all" proposition.  We will explore the services that suit a managed services environment, and other issues like how it can reduce total cost of ownership and improve operational efficiency.

Facilitator:

William Ruvo, Head of Elektron Hosting, Enterprise Solutions, Thomson Reuters

Roundtable 7: Reference Data -- More for Less?

Firms are looking for more from their reference data in order to address new regulations and increase efficiency, at a lower cost of ownership. Institutions want ease of integration and consumption into existing systems without expensive ,time consuming projects. This roundtable will discuss how the industry needs to address these issues and what the next generation of reference data services will look like.

Facilitator:

Mark Hepsworth, President, Pricing and Reference Data, Interactive Data Corporation

Roundtable 8: Regulatory Red Tape: Whats a firm to do?

Regulations such as FATCA and Solvency II require firms to rethink the structure and organization of their security and counterparty data masters.  This roundtable will discuss the broad requirements and specific challenges of  compliance with these and other sweeping securities industry regulations. 

Facilitator:

Barry Raskin, FIA, Managing Director, SIX Financial Information

Roundtable 9: Enterprise Data Management - The Primary Key Shift from Security to Entity

Discussion on the collective shift to organize data by entity and how it will provide financial institutions with operational and competitive advantages managing both internal and external content more effectively.

Facilitator:

Ken Zockoll, Senior VP & Director, Content Development, FactSet Research Systems, Inc.

Roundtable 10: Member input to FISD Professional Certification

We want your candid suggestions as to how we can improve and evolve the Financial Information Associate Syllabus and Exam. Yes you can ask us questions but this is primarily about you giving us robust advice. Please don’t hold back!

Facilitator:

David Anderson, FIA, Program Director, FISD/Atradia

Roundtable 11: Leveraging Exchange Ecosystems to Drive Efficiencies in Financial Markets

How to take the most advantage of a wealth of centrally available real and reference data to reduce users’ duplicative processing, storage and normalization costs.

Facilitator:

John Willock, Managing Director, Global Data Sales, Nasdaq OMX

Consumer Workshop: Data Governance

A Discussion of Various Models and Approaches - This workshop has been developed specifically for consumer firms to leverage the knowledge of their peers to discuss the various aspects of effective data governance. The content will include how to govern data usage, services and vendors in a comprehensive program that is manageable across business lines. Attendees will receive a write up of the session post-event to share with their teams. This session is open to delegates from banks, asset mangement firms, hedge funds or pension funds.

Leader:

Chris Johnson, Head of Product Management, Market Data Services, HSBC Securities Services

Jonathan Nutter, Vice President, State Street

Exchange Workshops

In these workshops, delegates from exchanges and other market centers will be able to discuss in detail the issues and possible solutions to dealing with their market data auditing activities and their policy treatment of APIs. Be prepared to roll up your sleeves and engage your peers on these key issues. Offered by the FISD Exchange Constituent Group, only delegates from exchanges and market centers (e.g., ECNs, ATSs, and IDBs) may participate in this session.

Award Banquet @ The Beato Convent

Sponsored by BT and Markit

Address: Beato Convent, Rua do Beato, 48, Lisbon

You must wear your badge at all times, it serves as entry to the conference sessions and all off-site meal events.

Registration, Breakfast and Networking

Pick up your badges, program & conference bag.

You must wear your badge at all times, it serves as entry to the conference sessions and all off-site meal events.

Welcome from Conference Co-Chair

Michael Connor, President & Chief Executive Officer, Market News International, Inc.

Senior Moment

Leaders from key FISD members describe the state of the financial information industry and their vision of the future.  These top decision-makers will tell us how their firms (and their competitors) grapple with a challenging economic, regulatory, and geo-political environment.  They will opine on which regions, technologies, and market sectors are hot, which are not, and how their firms are reacting to these opportunities.  Finally, they will describe how the industry’s players are changing - who is merging, and who is emerging?

Moderator:

Michael Connor, President & Chief Executive Officer, Market News International, Inc.

Panelists:

Ivo Bieri, Head of Strategic Business Development , SIX Financial Information Ltd

Ed Chidsey, Managing Director, Global Co-Head of Data Services, Markit

Roger Sargeant, Managing Director, Europe, Interactive Data Corporation

Holger Wohlenberg, Managing Director, Market Data + Services, Deutsche Boerse AG

Networking Break

Index Forum

This track will be an extension of the FISD Index Forum programs held throughout the year.  The program will address issues such as index weighting, licensing and ETFs and include the perspectives and commentary of index creators and sponsors, index distributors and users of index data.

10:30AM - 11:15AM: Trends in Index Structures and Strategies

This session addresses the relationship between index structures and investment strategies such as capturing market return with low volatility and dividend capture. Panelists contrast traditional market cap weighting with a different types of alternative weightings, and speculate on "the next big thing".

Leader:

Deborah Fuhr, Partner, ETFGI

Panelists:

Anja de Jager, Director, Content and Technical Solutions Sales, FactSet

Dave Gedeon, Managing Director, NASDAQ OMX

Xiaowei Kang, Senior Director, S&P Dow Jones Indices

Gareth Parker, Director, Index Research, Design & Development (EMEA), Russell Indexes

11:15AM - 11:30AM: The Value Derived from Indexes

A recent survey reveals the interests and opinions of index users and their thoughts on the value of index data.  The survey provides insight on value placed on the quality of the index and their willingness to use alternative sources.

Presenter:

Joe Nardulli, Vice President, Product Manager, Investment Risk and Analytical Services, Northern Trust

11:30AM - 12:15PM: Index Licensing

ETF creation  is driving an increasing demand for  underlying indexes and a corresponding need to re-examine the index licensing landscape. Panelists review current licensing practices, present the challenges and issues faced by the different constituencies, and propose new efficiencies and practices that would be beneficial for all parties involved.

Leader:

Steve Ellenberg, Senior Consultant, MDSL

Panelists:

David Barclay, Chief Operating Officer, Center for Research in Security Prices

Bill Lee, Vice President, Sourcing and Procurement Services, JPMorgan Chase & Co.

Michael Neff, Market Data Services, Deutsche Bank AG

12:15PM - 12:30PM: A Day in the Life: Managing Indexes

A behind-the-scenes look at the nuts and bolts of maintaining and managing an index.  The process isn't as simple as adding the prices and dividing by the number of components.  This presentation will address the movement of entries and exits (and their typical impacts) of components, ensuring data quality, the crucial role played by corporate actions, and rebalancing.

Presenter:

Gary Lui, Head of Index Development, China Exchanges Services Company Limited

Networking Lunch

Sponsored by SAVVIS & SIX Financial Information

Consumer Workshop: Concepts for Standardizing Redistribution Rights for Index Data

This workshop has been developed specifically for consumer firms to leverage the knowledge of their peers to explore a proposed model to manage the redistribution of index data.  Topic areas will include: accurate internal allocation of expense, simplified contracts, reducing reliance on enterprise licensing, and move to rational purchasing. The discussion will also look at the tools that let you recognize which data you use, how you use it, and assist in the development of models where you only pay for the data you need.  Attendees will receive a write up of the session post-event to share with their teams. This session is open to delegates from banks, asset mangement firms, hedge funds or pension funds.

Leader:

Bill Lee, Vice President, Sourcing and Procurement Services, JPMorgan Chase & Co.

FISD Technology Forum

Technology underpins and adds value to the data that flows through it. In this WFIC program, we discuss topics from both real time and reference data technology. In each instance we will try to address the topic in a way that is interesting to technologists and accessible to business executives with less technology background.

Something Remotely Interesting

Hosting; Managed Services; Network Connectivity; Cloud; CoLo; Remote Data Centers – all variations on a very topical theme. Where it’s at - is indeed ‘where it’s at’, or put another way location is critical. Technology now enables financial information players to locate data, intelligence and services away from expensive HQ office buildings; leveraging the very latest in global networking infrastructure and allowing them to focus more on their own areas of expertise. How does technology enable this? How does connectivity work? Which technologies offer most? What are the rewards and what are the risks?

Moderator:

Martin Finniss, Global Head of Market Data, Macquarie Group

Panelists:

Nick Brooks, EMEA Product Marketing Director, Finance Vertical, Savvis

Tony McManus, Global Head of Enterprise Distribution Technology , Bloomberg L.P.

Joseph Pickel, VP Product Management, IPC

William Ruvo, Head of Elektron Hosting, Enterprise Solutions, Thomson Reuters

Richard Weston, Director and Head of Data, BMO Financial Group

Game Changers

The financial services and market information world is not immune from disruptive technologies and business models.  In the past, PCs, the internet, discount brokers, and alternative markets significantly changed our landscape.  This will be a discussion with and about the companies and trends that challenge the status quo in financial services, securities trading, and market information.  A “game changer” could be a new technology, an alternative market model, or exploitation of new regulations.  

2:35PM - 2:50PM: Data Management - BMO Financial Group/Xignite Case Study: Dealing with Volume, Complexity & Compliance Requirements

This consumer case study will outline how BMO is leveraging the cloud to achieve significant costs savings from effective management of market data licenses; increase productivity with self-manage entitlements around various data sets, improve compliance and vendor reporting with licensing requirements, and ensure authentication standards are in accordance with those of market data vendors.

Co-Presenters:

Stephane Dubois, CEO, Xignite

Richard Weston, Director and Head of Data, BMO Financial Group

2:50PM - 3:00PM: Marketplaces for Financial Information

Online marketplaces facilitate real-time competition for business among data providers.  Users are able to buy on-the-fly data points utilizing an iTunes or Amazon type front end.  The user community benefits from no long term agreements; they only buy what they need.  Data providers benefit as they can reach a larger community while enjoying immediate payment.

Presenter:

Steve Hansen, Vice President, Market Data Sourcing, Morgan Stanley

3:00PM - 3:10PM: Changing your Core Business to Keep Pace with Changing Technology

How does your organization balance the importance to your business of information and of technology?  This presentation will take an (anonymous) case study example of how a major organization in the financial information sector looked at the disruptive changes happening within and around it and adapted to become a different type of business.

Presenter:

Chris Pickles, Head of Industry Initiatives, BT Global Banking and Financial Markets, BT

Vehicle for Standardized Securities Data

ANNA has developed a new system for standardizing reference data with a goal to link the financial instruments to legal entities. ASB will use and populate reference data records by linking all relevant ISO standards to the ISIN. This new approach was designed to support and satisfy new regulations

Presenter:

Nourredine Yous, ANNA Consultant, Intermediaction

Networking Break

Communicating Contract Terms & Conditions: How Hard Can it Be?

It appears that logic would dictate that contracts should be readable, intuitive, standardized and precise, in other words: CRISP.  However in the market data world, this isn’t the case and contracts that outline terms and conditions continue to baffle the end users.  Within the past year, the  FISD Consumer Constituency Group launched a project to address this issue and have developed a template that can be leveraged to take the mystery out of understanding a data usage contract. In this session we will explore the prevalence (or lack of thereof) of logic in this area.

Interviewee:

Professor George Roland, Head of Research, Financial Technology Institute

Interviewer:

Dr. Jeff Styles, Principal, Styles Associates

Data Governance: It is 4:00 pm, do you know where your data is?

Data governance isn’t just about data quality, but rather understanding the data before it even arrives to the customer; how it moves throughout the firm and; the structures in place to ensure that the originator’s IP rights are protected and the customer is not repeatedly paying for the same financial information.  Because data still may be managed in multiple silos and across multiple business lines, it is critical that firms create governance and infrastructure while meeting business requirements and facilitating access.  We will discuss options to utilize current headcount, business policies and technologies to create data governance policies across business units and explore models for data governance firm-wide.

Moderator:

Edmund Flynn, Vice President, Morgan Stanley

Panelists:

Andrea Danese, Global Head of Enterprise Content and Distribution, Bloomberg

Mark Johnson, Vice President, Global Sales, Asset Control

Chris Johnson, Head of Product Management, Market Data Services, HSBC Securities Services

Jonathan Nutter, Vice President, State Street

Dinner @ The Colares Wine Cellar

Sponsored by Deutsche Boerse Group

Address: Colares Wine Cellar, Alameda Coronel Linhares de Lima, 24/32; 2705-351 Colares

You must wear your badge at all times, it serves as entry to the conference sessions and all off-site meal events.

Registration, Breakfast and Networking

Pick up your badges, program & conference bag.

You must wear your badge at all times, it serves as entry to the conference sessions and all off-site meal events.

Welcome from Conference Co-Chair

Chris Pickles, Head of Industry Initiatives, BT Global Banking and Financial Markets, BT

Closing Keynote: Cloud, Crowds and Customers

Keynote:

Nicola Millard, Futurist, BT

Expense Management and Alpha: Cost Cutting vs. Cutting Edge

Intense focus on costs is the new normal, but does it hamper financial institutions’ ability to enhance their market data offerings in a complex environment?  In this session, senior market data executives will discuss the fine-line they walk in balancing current cost pressures with providing traders and asset managers the services they need to maintain their competitive edge.   We will discuss the total cost of ownership (TCO) approach and whether it adequately reflects missed business opportunities.  Is expense management closing off sources of alpha or is it a source of alpha?

Moderator:

Mark Hepsworth, President, Pricing and Reference Data, Interactive Data Corporation

Panelists:

Nimesh Bharadia, CEO, Kaimian Group

Steven Birenbaum, Global Head of Market Data Technology & Services, Bank of America Merrill Lynch

Ken Brady, Global Head of Market Data, Morgan Stanley

Juan Corchete-Canavan, Global Head Market Data & Exchange Fees Sourcing, UBS Investment Bank

Jeremy Green , Global Head of Market Data , Standard Chartered Bank

Networking Break

Sponsored by Factset

Regulatory Impact: The Great Debate

Regulatory and legislative actions are having an enourmous impact on the financial information industry.  An advocate will describe the important aspects of a specific public policy initiative – its purpose, benefits, and costs - and advocate why it will have the greatest impact on financial information.   Then the audience will get into the act, posing questions to the presenters and voting for the most compelling case.

Advocate for Dodd-Frank:

Brian Buzzelli, Executive Director, Americas Data Management, Nomura

Advocate for EMIR:

Andrew Miller, FIA, Senior Consultant, NuPont LLC

Advocate for LEI:

Rui Carvalho, Managing Director - Global Data Solutions, Standard & Poor's Corporation

Advocate for MiFID II:

Christian Voigt, Business Solutions Architect, Fidessa

Moderator:

Barry Raskin, FIA, Managing Director, SIX Financial Information

FISD Forum

In this session, FISD member leadership will review and discuss the major issues  covered during the WFIC program, constituent group meetings, and workshops.  The focus will be on key challenges and how members can use FISD to address them in the year ahead.

Leader:

Paolo Sivillica, Chair, FISD Exec Committee / Head, Strategic Partners & Alliances, SIX Financial Information

Panelists:

Steve Listhaus, Market Data Services Manager, Wells Fargo

Michael McCrea, Director, Global Business Operations, TMX Datalinx

Claire Pons , Manager–EMEA Exchanges, Content Acquisition and Rights Management , Thomson Reuters

Jim Sudol, Market Data Director, Jordan & Jordan

Farewell Boat Cruise

Sponsored by Thomson Reuters

Yacht: Opera

Address: Doca de Alcântara, - in front of Avenida Infante Santo and behind the night clubs called “Blues Café”, and “Queens”

You must wear your badge at all times, it serves as entry to the conference sessions and all off-site meal events.