2019 Healthy Market Structure Conference
June 11, 2019 - Harvard Club of New York City
***Buy-side registration for this educational event is free***
Join us for the 2019 Healthy Market Structure Conference at the Harvard Club in New York City on June 11th, 2019. This intimate educational gathering of thought leaders, policymakers, regulators, and leading voices from within the industry will explore what's going on now and what's next in market structure.
Of course, we'll be talking about all of today's hot topics from order routing disclosures to the transaction fee pilot to the market data wars. But this won't be the usual talk. We will look to predict the future of our rapidly evolving markets and regulatory landscape. Expect frank discussions from our panels, as well as tangible take-aways for industry participants to reduce their risks and costs.
Because this is a buy-side focused event, sell-side sponsorships are extremely limited. No press will be allowed for the general conference sessions.
- 8:00 a.m. Registration
- 8:20 - 8:30 a.m. Welcome Remarks
- 8:30 - 9:15 a.m. Opening Keynote: Hon. Robert J. Jackson, Jr., Commissioner of the Securities and Exchange Commission
- 9:15 - 10:15 a.m. Defending the Trade -- In an increasingly complex trading environment, how can the buy-side defend alpha, limit information leakage, and mitigate implementation shortfall? This panel of buy-side traders will talk about what it all means and how they deal with the day-to-day.
- Moderator: Don Pontes (CalPERS)
- Panelists: Craig Hurl (Ontario Teachers' Pension Plan), Kevin McKegney (BlackRock), Cole Smith (Arizona State Retirement System)
- 10:15 - 10:30 a.m. Coffee Break
- 10:30 - 11:20 a.m. Better Best Execution -- We explore modern approaches for better best execution. We'll look at recent SEC actions, FINRA's guidance, and the impact of MiFID II. We'll also give you tips on best practices and changing expectations.
- Moderator: Geoff Bernard (Oppenheimer)
- Panelists: Robert Colby (FINRA), Benjamin Connault (IEX), Roman Ginis (Intelligent Cross), Carlos Oliveira (Brandes)
- 11:20 - 12:00 p.m. Market Data Wars -- Market data and connectivity costs have skyrocketed. Pricing tiers have become overly complex. Exchanges are increasingly favoring their largest customers over their smallest customers. This panel will dive into what the future holds from a regulatory and pragmatic perspective.
- Moderator: Joe Wald (Clearpool)
- Panelists: Mehmet Kinak (T. Rowe Price), Shelly Brown (MIAX), Vlad Khandros (UBS)
- 12:00 - 1:00 p.m. Luncheon - CAT Chat with Manisha Kimmel, Sr. Policy Advisor to the Chairman of the SEC for the Consolidated Audit Trail
- 1:00 - 2:00 p.m. Routing Incentives and the Fee Pilot -- Exchanges offer different prices to different traders, and those incentives may have profound impacts on how your orders are routed. The SEC has mandated new order routing disclosures and adopted a Transaction Fee Pilot. What do we know? And what don't we?
- Moderator: Robert Gouley (OMERS)
- Panelists: Noel Reyes Gonzalez (Goldman Sachs), Jatin Suryawanshi (Jefferies), Geoff Bernard (Oppenheimer)
- 2:00 - 2:30 p.m. Benchmark Oversight --With investors increasingly turning to index Investing, how your index is created, calculated and administered may impact your returns. We explore the issues.
- Discussion panelists: Mark Schaedel (IHS Markit), Tyler Gellasch (Healthy Markets)
- 2:30 - 2:45 p.m. Coffee Break
- 2:45 - 3:30 p.m. Unbundling Research and the Impact of MiFID II -- Regulators and market participants are changing how they consume and pay for research. We explore some of the lessons of MiFID II, and the rapid evolution of research best practices in the US and beyond.
- Moderator: Tyler Gellasch (Healthy Markets)
- Panelists: Elin Cherry (Elinphant), Jeff Mahoney (Council of Institutional Investors), Michael Triessl (Capital Research and Management)
- 3:30 - 4:00 p.m. Fireside Chat with Robert Cook, President and CEO of FINRA
- 4:00 - 4:45 p.m. Capital Formation and the Public vs. Private Debate -- In recent years, Congress and regulators have considered and implemented a number of proposals to make it easier for companies to raise capital from investors. We explore how these various proposals impact investors and the economy.
- Moderator: Tyler Gellasch (Healthy Markets)
- Heather Slavkin Corzo (UN PRI),
- Cromwell Coulson (OTC Markets), Milan Dalal (Brownstein Hyatt Farber Schreck), Adam Kanzer (BNP Paribas)
- 4:45 - 5:00 p.m. Closing Remarks
- 5:00 - 6:00 p.m. Cocktail and hors d'oeuvre reception