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"2nd Annual Electronic Trading Summit"
March 6 & 7, 2001:  Meiji Kinenkan, Tokyo, JAPAN

March 6
 08:30-09:00
REGISTRATION
 09:00-09:10  Welcome Address:
 By Lead Sponsor: Paul Thomas, Director, Wilco International
 Chairman's Introduction:
 Miki Yoshida, Senior Manager, Financial Services, PricewaterhouseCoopers
 
T+1 Overview: Industry Past, Present and Future
 09:10-09:50   Japan and the World Today  
 Yasuyuki Fuchita, Director of Capital Market Research Department, Nomura
 Reaseasch Institute (NRI)
  • Update on Governmental/Regulatory Issues in Japan
  • Realistic Costs/Timeframe for the Japanese Market
  • Japan's Clearance & Settlement: Today & Tomorrow
  • Function of the GSTPA and the DTCC 

 09:50-10:50








 09:50-10:20
 10:20-11:50

  Global Initiatives, Developments & Drivers: Two Leading Movements
 
  • Review of T+1 Global Developments to Date
  • Current Initiatives Aimed at Convergance Interoperability of Industry Standards 
  • Impact on the Industry, Primary Building Blocks, Review of Critical Path

 GSTPA Perspective        James Leman, Manging Director,
                                    Global Equity Capital Markets, Salomon Smith Barney (US),
                                    GSTPA Executive Committee Member
 Omgeo* Perspective      Kevin Milne, Executive Managing Director, Omgeo
*the global joint venture of DTCC & Thomsom Financial
 10:50-11:10
Morning Coffee/Tea Break
 
Market Participants
 11:10 - 11:40

 Global Initiatives and its Impact on Japan
 Kazuhisa Fujimura, General Manager, Fuji Kabuto Custody & Proxy, The Fuji Bank
 Limited

  • Services Provided by GSTPA and its Impact on Japan's Markets
  • Examination of How to Adapt to Japan's Market Characteristics
 11:40-12:30

 Panel Discussion: Arranging Infrastructures for Achieving T+1

Yasuhiko Yamamoto, Chief Manager, Custody Planning Department, Global SecuritiesDivision, Asset Management Business Unit, The Bank of Tokyo Mitsubishi, ltd.

Tomoe Tanaka, Managing Director & Chief Administration Officer, Meiji Dresdner Asset Management Co., Ltd.

Ikuko Yamamoto, Vice President, J.P. Morgan Securities Asia Pte. Ltd


  • Imperatives to Arrange Infrastructures to Achieve T+1
    • Markets
    • Sell-sides, Buy-sides, and Custodians
  • Increasing Interdependency between Market Participants
  • Are Settlement Risk and Operational Risk decreased?
  • Growing Needs for More Efficient Business Partners
 12:30-13:30
LUNCHEON
Market Infrastructure - Industry Utilities
 13:30-14:10  Policy Level Movements in Japan    KEYNOTE ADDRESS
 Kozo Yamamoto, Member of the House of Representatives, LDP
 14:10-14:50  Global Update: Trends & Issues Affecting Clearance & Settlement
 Jeffrey Smith, Managing Director, Depository Trust & Clearing Corporation (DTCC)
  • Global Investment Trends Driving Change
  • How the US Clearing and Settlement Model is Evolving
  • DTCC's Global Commitment
 14:50-15:10
Afternoon Coffee/Tea Break
 15:10-15:50  Japan Update: JASDEC's Response
 Takeharu Okitsu, Managing Director, Japan Securities Depository Center (JASDEC)
  • Current Developments and Future Plans/Timeframe
 15:50-16:50

 Panel Discussion: Outlook
 
Steve FarrageJapan Representative, axion4gstp
Takeharu OkitsuManaging Director, JASDEC
Kevin MilneExecutive Director, Omgeo*
 16:50-17:00
Closing Comments
*Speakers are invited and subject to change
March 7: WORKSHOPS
09:00-09:20

Registration

09:20-10:30
A1 NEON's GSTPA Solutions
NEON

  • GSTPA TFM Functionality
  • IT Strategy to Prepare for GSTPA
  • Six Necessary Components for GSTPA
-Authorization -Alerts
-Profiling -State Management
-Adapters -Dashboard
  • Short System Demo and Functionality
  • How 2 Prepare for GSTPA - Next Steps
B1 Straight Talk about Straight Through Processing
Accenture

Naoto Hanada, Partner, Tokyo
Patricia Y. Tsien, Partner, New York
Jerome Dumaine, Partner, New York

  • STP/T+1 Challenge in Japan
  • Industry Response in U.S. and Europe
  • The T+1 Roadmap in Japan
-Brokers/Dealers -Asset Managers
-Custodians -Infrastructure Players
  • The T+1 Business Case - Potential   Business Value
10:50-12:00
A2 Wilco-A Winning Strategy for T+1
Wilco International Ltd.
  • Market Changes & the Opportunities for business growth
  • The importance of preparing now : JASDEC PSMS, DVP, GSTPA
  • Optimising operational efficiency
  • The industry imperative for high-volume processing
  • Outsourcing strategies
  • Competitive data management
B2 STP Work Flow Based on Products and Services from Thomson Financial
Thomson Financial
  • AutEx: Real-time monitoring of Indications of Interest (IOIs)
  • Thomson OpenTrader: Front-office order management system; modelling & re-balancing; real-time compliance checks; links with IOI networks and brokers via FIX
  • PORTIA: Portfolio management system; real-time holdings management; multi-currency support; performance measurement; cash management
  • Consulting Services: Requirements analysis; specification and design; project management; integration; training
  • Intelligent Trade Management (ITM): Global STP solution that advances trade processing to flexible and efficient trade management
13:00-14:10
A3 Global Straight Through Processing and Automation Solutions
Bloomberg L.P.
Gerard Joseph Francis, Global Transaction and Data Services Manager
Jim Olsson, Global Data Services Manager
  • STP: Optimizing a Japanese Order Management System for the Buy side
  • Generating Orders Intelligently
  • Sending Orders Electronically to Brokers
  • Receiving Fills Electronically
  • Automatic Optimisation for Fill Allocation and Commission Calculation  (Japanese Style)
  • Mark to Market
    Automation Solutions (Data License & SDK: Software Developer Kits)
B3 Achieving STP: Is T+1 the catalyst for change?
The Capital Markets Company
Lisa Berk, Managing Principal
Tom Klein, Managing Principal
  • The road to STP/T+1
  • The building blocks
  • The challenges organizations will face
  • Steps to overcome obstacles
  • The challenge of STP/T+1 in Japan versus US
14:30-15:40
A4 Arrangement of System infrastructure to Achieve STP
BEA Systems Japan, Ltd.
  • Importance of Infrastructure for Winning Strategy
  • Solution: GSTPA,FIX,DVP
  • Leading Case Study
B4 GSTPA: A practical demonstration of the Transaction Flow Manager(TFM)and Japanese Market considerations
axion4gstp ltd
  • Introduction: current project status: meeting market expectations
  • A Case Study
  • Information flow and Interaction with the TFM overview
-Block Order Processing
-Allocation Processing
-Net Proceeds Processing
-Settlement Details Processing
-Post-TFM processing and reconciliation
  • Issues and considerations for the Japanese Securities Markets
16:00-17:10
A5 STP and the Growing Demand for Electronic Trading - the Reuters Perspective
Reuters Japan Limited
  • Reuters Global & Domestic STP strategy
  • Integration to achieve STP
-Order routing
-Order management
-Trading support & Analytics
-FIX Connectivity
  • Proposal T+1 readiness
B5 State of the Art System Infrastructure to Achieve T+1/STP
Hitachi, Ltd.
  • Rationalization of Operation toward Expansion of Business Opportunity
  • Beneficial Business Support to Review Current Business Process
  • Cascaded Enhancement (High Expandability & Maintainability)
  • Packages Consolidate the Foundation
  • Stream from Global Standard (i.e. NEON, DSTi)
  • Mission Critical System Solution by Outsourcing Service