Woodrow Wilson C/D

This session will examine the changing role of the intermediary as the financial markets evolve, particularly in the context of futures, securities and OTC derivatives. The panel will consider the practical implications for a joint broker-dealer/FCM offering products across borders in compliance with CFTC Part 30 and SEC Rule 15a-6. The panel will discuss the internalization of trades and the prospects for portfolio margining in competing and developing regimes.

Moderator:
Robert Klein, Managing Director & Counsel, Citigroup Global Markets

Speakers:
Robert Colby, Counsel, Davis Polk & Wardwell
Penny Fabien, Executive Director & Assistant General Counsel, J.P. Morgan Securities
Walt Lukken, Chief Executive Officer, New York Portfolio Clearing
Michael Philipp, Partner, Winston & Strawn