FISD Tokyo

Date: TBA
Location: J.P.Morgan - Tokyo Building, 7-3, Marunouchi 2-chome, Chiyoda-ku, Tokyo 100-6432


Employees of member firms attend for free / non-members attend for $250. Not sure if you are an FISD member? Click here to confirm.

Tuesday, September 1

3:30 p.m. - 4:00 p.m.

Registration & Networking

4:00 p.m. - 4:05 p.m.

Housekeeping and Introduction


Scott Cooper, FIA, FISD Asia-Pac Regional Representative & Partner, Saquish Partners

4:05 p.m. - 4:10 p.m.

Host Welcome - JP Morgan

4:10 p.m. - 4:40 p.m.

TSE Margin Lending and Short Selling Proof of Concept

Tokyo Stock Exchange, Inc. (TSE) started a Proof of Concept (PoC) testing for limited public distribution of margin transaction and short selling data. This PoC provides samples of TSE internal margin transaction and short selling data. The aim is to use the feedback from participants to verify the usability and possible applications of the data. The TSE will present the objectives and findings of the PoC:

  • What opportunity/proposition prompted the PoC?
  • What short selling data is being made available for the PoC?
  • Which market participants have shown interest? Are there any content / latency concerns?
  • Are there any data & data policy concerns for a potential commercialization of the service?


Daiki Uehara, Manager, Information Services, Tokyo Stock Exchange, Inc.

4:40 p.m. - 5:00 p.m.

Digital Rights Management - the future of managing entitlements and reporting

5:00 p.m. - 5:40 p.m.

What's Important when Picking Low Latency Feed Handlers?

Delivery of financial market feeds requires massive data processing with ultra-low latency. But when you choose a low-latency feed handler,: what needs to be considered - for the trading business, and your market data environment:

  • Is FPGA a pre-requisite?
  • Do they love “u”? How big is the footprint: cards or u’s? [What are u’s?]
  • How complete is the Asia market coverage?
  • Health check-up: how are the monitoring tools?
  • The data can will be fed into a number of applications: trading algos for customer(s), pre-trade risk checks, pricing applications and data distribution platforms. Does your feed handler provider have the flexibility and library to customise distribution formats for each application? Does this come with an additional cost for services and/or latency?
  • Who supports the feed handler development; how - how quickly - will you get updates when the feed (or your needs) change?


Miguel Ortega, APAC Regional Head of Market Data, Deutsche Bank


Areg Alimian, Senior Director, Product Management, Keysight Technologies

Alexandre Durand, VP of Business Development APAC & EMEA, Enyx

Makiko Fujimoto, Market Data Manager, UBS Securities Japan Co., Ltd

Steve Williams, General Manager, Fixnetics

5:40 p.m. - 5:50 p.m.

OWLs See At Night? Developments in Feed Latency Measurement

The latency of market data dissemination from Exchanges is often critical to successful algorithmic trading strategies. However, measuring this latency has always been a challenge for a number of practical reasons. Keysight will demonstrate a new One Way Latency (OWL) measurement capability which provides a true end to end measurement of feed latency and is also simple to implement.


Areg Alimian, Senior Director, Product Management, Keysight Technologies

6:00 p.m. - 7:30 p.m.

Networking Reception