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Global STP Update

• Drivers and Implications of the decision to defer T+1 in the US
• Opportunities for Asian and European markets in the wake of the deferral
• Emergence of global standards and alternative delivery models
• Prioritizing and balancing internal and external STP projects

Sell-Side Perspective

 09:40

 

• Comprehensive Connectivity Strategy from IOIs to Settlement

• Hands Off Automation of Ticketing and Excellent Static Data

• Management Information Systems (MIS) - Refining the STP Process

• Immediate Exception Identification, Direction to resolving Players and Prompt Amendment

• Technology Systems Reliability - a Critical Component

• Training about STP - An inside job as well as an outside job

Buy-Side Perspective

• What is a trade order management systems

• Evolution of the order management systems - is the final stop componentization?

• OMS systems in a VMU environment

• The role of OMS in achieving end to end STP

Panel Discussion:
Key Issues Facing the Asia Pacific Region

Ian Buckley	Regional Director, Asia SWIFT (Hong Kong)
Bill Chua	Executive V.P., Operations UOB Bank (under invitation)
James Tan	VP-Head of Operations Morgan Stanley Investment Management (Singapore)
MODERATOR Phil Strause	Head of Financial Services Industry-Asia Pacific Deloitte Consulting

　

Custodian Perspective

• Focusing on core competencies to determine the viability of outsourcing

• Building a business case for outsourcing

• Selecting the appropriate partner or alliance in order to achieve maximum ROI

• Understanding the various outsourcing options available to middle and back office

• An Update from SIA - an insider's perspective

• Assessing the current STP Market trends - the move towards STP

• Global Industry initiatives and their impact

• How real progress is achieved - a road map to the future

Global Perspective

Counter-parties Working Together
In order to obtain the anticipated returns on STP, it is crucial that all industry participants are fully automated. Those who are not ready may be left behind. As a result, counter-parties may have to help each other to ensure that everyone will be able to trade post 2005. What is the best way of working together?

VMUs: A LANDSCAPE IN FLUX             

REGISTRATION

Commonly accepted wisdom on Wall Street holds that building custom applications is "too risky, costly and time consuming". This has tilted the 'Build vs. Buy' debate strongly in the direction of buy.  Yet, many firms have vast armies of programmers dutifully engaged in, what else? Application development!  So, what is going on here? This session:

• Debunks myths about custom software development

• Offers fresh perspective on 'Hidden' costs of purchasing packaged software

• Provides 'rules of thumb' for when to buy versus build software

FIX PROTOCOL COMMITTEE GLOBAL UPDATE

 09:40

 

The FIX Protocol is evolving while being used by more firms and exchanges for increasing purposes.  Global acceptance of FIX has accelerated its use by exchanges, brokers, institutions, and electronic communications networks (ECNs).  This presentation covers the latest status of:

• Exchanges implementing FIX

• Using FIX for Direct Market Access and alternative trading systems

• Initiatives to help smaller brokers handle FIX orders

• Vendors offering FIX enabled trading systems in Asia.

• Increased use of FIX for equities, futures, options, programs, and debt

Morning Coffee/Tea Break

Panel Discussion:
The Impact of I.T. in Global Capital Markets-
Electronic Market Mechanisms/Trading and Their Participants

The critical role that information technology (IT) plays in global capital markets increases daily as IT spending continues to grow - even in this environment. Few dispute that IT is one of the key forces changing the competition in both the securities and investments industries. This expert panel - drawn from industry practitioners across market sectors and asset classes, with a variety of perspectives & backgrounds - will present a candid, insider's briefing on how E-Commerce and electronic trading and trends are transforming the competitive landscape on Wall Street and globally. This senior panel will discuss and debate topics and issues such as:

• Who wins and who loses, today and tomorrow?

• Fragmentation, disintermediation and liquidity

• Efficiency, fairness and regulation

• Future of floor-based exchanges vs. 'black boxes' and the role of ECNs

• Roles of traders and institutional salespeople

LUNCHEON