Welcoming Address

Luc Bertrand, President and Chief Executive Officer, Montréal Exchange

Seminar: Canada vs. the World

- Showcase past 5 years of growth in Canadian derivatives market
- Highlight characteristics of Canadian market and differences in market model
- International perspective – value proposition for trading Canada
- U.S. perspective – value proposition for trading Canada

Speakers:
Martin Frewer, Senior Sales Manager, Fortis Bank Global Clearing NV London Branch
Presentation

Kim Bolton, President and Managing Director, Calyon Financial Canada Inc.
Presentation

Moderator:
Glenn Goucher, Senior Vice-President, Financial Markets, Montréal Exchange

Break

Sponsored by:

 

Seminar: Carbon Trading in the Canadian Context: Risks and Opportunities

- MCeX, the Canadian initiative, and how it differs from Europe and the U.S.
- Large emitter strategy – user of carbon derivatives
- Global broker perspective
- Investment buy side perspective

Speakers:
Léon Bitton, Vice-President, Research and Development, Montréal Exchange
Presentation

Jubran Whalan, Vice-President, Commodity Trading & Origination, TransAlta

Philippe Rosier, President, Orbeo
Presentation

Moderator:
Luc Vallée, Vice-President and Chief Economist, CDP capital

Seminar: Views from the Canadian Options Market

- The institutional sell side
- The retail sell side
- The institutional buy side
- The market maker

Speakers:
Tobias Hekster, Head of Trading, Holland Trading House
Presentation

John Millet, Managing Director, Equity Derivatives Trading, TD Securities

Vishal Hingorani, Vice-President and Director, Equity Derivatives Trading, TD Securities

Moderator:
Gladys Karam, Director, Options Market, Financial Markets, Montréal Exchange

Lunch

Keynote speaker:
Rick Santelli, On-Air Editor, CNBC

Sponsored by:

Seminar: Algorithmic Trading in Futures Markets

- Algorithmic trading strategies – what are they who is using them and how
- Impact on market players

Speakers:
Russell Abramson, Executive Director, Global Head of ECS (Electronic Client Solutions) Client Connectivity, JP Morgan, Futures & Options
Doug Clark, Managing Director, Quantitative Execution Services, BMO Capital Markets
Andrew Schumacher, Executive Director, Exchange Traded Derivatives, UBS Securities LLC

Moderator:
Joanne Elkaim, Business Development Manager, Financial Markets, Montréal Exchange

Seminar: Trends and Advances in the Equity Derivatives Market

- Why OTC options only
- Why not exchange-traded options – how changes to the market model provide more “pros” than “cons”
- Discover a blend of the best of OTC and exchange-traded options in “Converge”

Speakers:
Jeremy Wohleber, Director Financial Products, RBC Capital Markets
Presentation

Michel Favreau, Senior Vice-President and Chief Clearing Officer, CDCC

Break

 

Seminar: Derivatives Technology Review

The environment in which exchanges operate is shaped by rapid technological changes – remote electron trading, new clearing mechanisms, structured products and implied pricing.  Explore how the technology and operations that support derivatives trading and risk management are evolving.

Speakers:
Chris Pickles, Manager, Industry Relations, BT Radianz
Joacim Wiklander, Global head of Product Management, Orc Software

Moderator:
Rosanna Teti, Senior Vice-President, Information Technology Solutions

Seminar: Energy Derivatives

- Update on the Canadian market
- Energy risk management
- Hedge fund perspective on energy derivatives
- New players in the energy industry

Speakers:
John Kilduff, Senior Vice-President, MF Global

George Martin, Associate Director, CISDM

Moderator:
James Newsome – President of NYMEX and Chairman of CAREX

Cocktail

Sponsored by:

 

Dinner

Keynote speaker:
The Honourable James Michael Flaherty – Minister of Finance

Sponsored by:

Seminar: The Value of Liquidity

- Different aspects of liquidity and liquidity risk
- The value of liquidity – why it's dangerous to trust your intuition alone in determining how important it is
- Portfolio Management and Liquidity; Risk Management and Liquidity

Speaker:
Ranjan Bhaduri, Vice-President, Morgan Stanley

Seminar: Global Trends — Global Exchanges

A discussion of the emerging trends in the business of Exchanges in an era of competition and alliances.

Speakers:
R. Scott Morris, Chief Executive Officer, Boston Options Exchange Group
Larry Tabb, Founder and Chief Executive Officer, Tabb Group

Seminar: Canadian Interest Rate Market

- The market dynamics of 2's vs. 5's vs. 10's vs. 30's
- Government of Canada bond issuance and Debt Management Strategy
- Perspectives from an international fund vs. a domestic fund vs. a market maker

Speakers:
Ted A. Carmichael — Executive Director, JP Morgan
Presentation

Marc Larson, Assistant Director, Financial Markets Department, Bank of Canada

Moderator:
Glenn Goucher, Senior Vice-President, Financial Markets, Montréal Exchange

Break

Seminar: Regulatory Review

- New developments in derivatives legislation - Quebec and Ontario
- The Centre of Excellence for Derivatives
- International Regulatory developments

Speakers:
Yves Cloutier, Derivatives Specialist, Market Regulation, Ontario Securities Commission
Presentation

Andrea Corcoran, Managing Director, Promontory Financial Group, LLC
Presentation

Daniel Laurion, Executive Director, Special Projects, L'Autorité des marchés financiers
Presentation

Seminar: New Developments in Clearing and Settlement

- Equity option give-ups
- IOSCO's recommendations for central counterparties
- Benefits of centrally clearing OTC options
- Benefits of the use of portfolio margining for U.S. equities and options

Speakers:
Michel Favreau, Senior Vice-President and Chief Clearing Officer, CDCC

Douglas Engmann, Senior Executive Vice-President, Managing Director of Equities, Fimat USA, LLC
Presentation

End of Seminars

Training Registration and Lunch

Training: Carbon Trading: World Experience and Opportunities for Canada

- World market for carbon: various carbon currencies (AAU, CER, ERU and EUA) derived from the Kyoto Protocol, their interaction and overview of other currencies (CCX, CFI, NSW)
- Characteristics and fundamental analysis of the European carbon market and anticipated changes for 2008-2012
- Strategies used by companies and investors
- Current regulatory environment in Canada
- Applications in the new Canadian regulatory environment
- Legal, tax and accounting considerations

Speakers:
Philippe Rosier, President, Orbeo
André Turmel, Partner, Fasken Martineau Dumoulin
Robert Girard, Fasken Martineau Dumoulin

Moderator:
André Turmel, Partner, Fasken Martineau Dumoulin

Break

Training Ends