FPL/FIA/FOA/FOW Standards Briefing
Thursday 30 June 2005
@The Barbican
Seminar 7a: 08:30-10:30
FIX Protocol (FPL) breakfast briefing: Financial messaging for derivatives markets
Breakfast briefing in association with FIX Protocol Limited
08:30-9:00
Encouraging standardisation between buy-side and sell-side firms-implications for direct market access
FIX provides a wide array of functionality that supports many of the less-automated features of buy-side and sell-side interaction. This session will present an overview of FIX business process management and explain how it can be applied to bring buy-side and sell-side together.
Speaker: Jim Northey, Derivatives Practice Manager, Jordan & Jordan and Co-chair, FIX Global Derivatives Committee (GDC)
09:00-10:00
FIX for high-volume market data distribution and derivatives market-making
To compete in the new era of electronic trading, exchanges, electronic trading venues and trading firms must consider the efficiencies of market data and its dissemination as a cornerstone of the strategic technology architecture. While some industry pundits may have gone too far in predicting capacity chaos and mayhem if the increasing volumes and peak message rates are not mitigated in some way, it is clear that there is demand for more efficient and consistent standards in market data dissemination on a broader scale.
Speakers: Rolf Andersson, CEO, Pantor Engineering AB
Matt Simpson, Associate Director, Chicago Mercantile Exchange, Co-chair, FIX GDC Technical Committee and Co-leader, FIX Market Data Optimisation Working Group
10:00-10:20
Update on FI
FIChair: John Munro, Chairman, FIA Standards Working Group and Co-chair, FPL Global Derivatives Committee
Speakers: Matt Simpson, Associate Director, Chicago Mercantile Exchange
Robert Lake, Director, Information Technology, The Options Clearing Corporation
10:20-10:30
Question and answer session
10:30
Coffee Break
Seminar 7b: 11:00-12:00
FIX for securities: Towards a new STP model
- Automating the Processing of allocations and confirmations: New ways to process Standard Settlement Instructions
- Reference Data and FIX 4.4
- Using FIX for MiFID compliance
Seminar 7c: 13:30-17:00
13:30-14:30
European Standardisation: Overview of the clearing & settlement landscape
The Giovannini Report has identified the lack of a standard interface between clearing and settlement providers as one of the 15 barriers to eliminating inefficiencies in clearing and settlement in the European Union. What standards are available in the European clearing and settlement space? And what is the status of the recommendations for removing this barrier?
Chair: Richard Wilson, Group Chief Information Officer, Fimat
Speakers: Karel Engelen, Policy Director, International Swaps and Derivatives Association
Andrew Douglas, Manager, Infrastructural Initiatives, SWIFT
Kevin Houstoun, FIX Protocol Ltd.
14:30-15:00
OTC derivatives integration with FPL
Standardization in the OTC derivatives space has been the focus of the International Swap and Derivatives Association Financial Products Markup Language (FpML). FPL and FIA have been working with ISDA on interoperability between FpML, FIX, and FISpeaker: Brian Lynn, CTO, Global Electronic Markets
15:00-15:30
Break
15:30-16:15
Addressing allocations for listed derivatives
The FIA Standards Working Group worked extensively with the FPL Allocations Working Group to define a common allocation model that is applicable for cash securities and derivatives. This session will discuss the common allocation model.
Chair: Jim Northey, Derivatives Practice Manager, Jordan & Jordan
Speakers: Matt Simpson, Associate Director, Chicago Mercantile Exchange
Robert Lake, Director, Information Technology, Options Clearing Corporation
16:15-17:00
FIWith the communication between exchanges and clearing firms making steady progress, the next area for potential standardization is the communication between the clearing firms, non-clearing firms and customers. Major vendors are beginning the process of extending FIChair: John Munro, Senior Vice President Product Design, Rolfe & Nolan and Chair, FIA Standards Working Group
Speakers: Stephen Auerbach, President, SunGard Futures Systems
Jim Northey, Derivatives Practice Manager, Jordan & Jordan
There is no fee to attend these sessions, however, registration is required. Visit http://www.fow.com/events/event.asp?id=37, click the "Register" link, and choose FIA/FOA delegate.
