Please fill out the form below if you are a BUYSIDE trader interested in attending. Please note that this a sponsored event and all sponsors will receive contact details for all who register to attend.
If you are a sellside trader and would like to attend, please contact Barbara Baumbusch at email@example.com.
SRLN – Expanding the Frontiers of ETF Liquidity
Confidence in tracking and tradability of ETFs based on less-liquid underlying assets increased significantly when liquidity in those products remained orderly in March 2020. Additional credence was given to the ETF structure when the Fed began buying corporate bond ETFs in May of 2020 to support the underlying corporate bond market. What about ETFs based on senior loans? While the Fed did not purchase loan ETFs, the $10B category has proven to be a space garnering assets quickly, and demonstrating that the ETF wrapper is quite appropriate for the asset class. In this session we’ll look at how liquidity is managed in the SPDR/Blackstone Actively managed senior loan ETF, SRLN, and highlight the advantages of the ETF wrapper over all other product types. We will also discuss how such ETFs handle the creation/redemption mechanism and how liquidity providers work with investors in providing ample liquidity. Join us for an explanation of the frontiers of senior loan ETF liquidity.
Moderated by: Brad Kotler, Vice President, SPDR ETF Fixed Income Group (FIG), State Street Global Advisors
• Gordon McKemie, Managing Director, Blackstone
• Oliver Friedberg, Macro Credit Trading, Goldman Sachs
Wildfire: Understanding the GameStop Short Squeeze
The GameStop short squeeze seemingly came out of nowhere, a forest fire sparked by some comments by retail investors on a message board. In this session, we’ll examine the mechanics that made the GameStop, AMC and other short squeezes so powerful, and we’ll discuss how retail investors might disrupt institutional portfolios in different ways in the future.
• Kevin Sweeney, Head of Cash & Exchange Traded Derivatives, Americas, Societe Generale
• Neil Bond, Former Head Trader, Ardevora Asset Management
• Asad Bhatti, Head of Equities Execution Consulting, Cboe Global Markets
• Jason Wallach, Chief Operating Officer, CODA Markets
CRBs in Today’s Marketplace
How have central risk books evolved in today’s US equity market as volatility ebbs and flows? Has investment bank principal liquidity held its own in terms of market share compared to agency trades and dark pools? And how has CRB execution quality compared to other sources of liquidity?
• Mani Singh, Managing Director, Global Head of Platform Sales, Citi
• Mehmet Kinak, Global Head of Systematic Trading, T. Rowe Price
• John Bright, Head Trader, US Systematic Trading, Fidelity Management & Research Company (FMRCo)
The US Equity Marketplace: A Conversation with James Angel
The events of 2020 have tested US equity market as never before, and now, as the US prepares to inaugurate a new President, the course of market structure regulation may change for the next four years. Join TraderForum to explore these issues in a wide-ranging conversation with James Angel, associate professor of finance at the McDonough School of Business at Georgetown University and a longtime student of financial markets and exchanges worldwide. We’ll look at US regulation, market data governance and exchange resilience and competitiveness worldwide.
Presented by: James Angel, Associate Professor, McDonough School of Business, Georgetown University
Evaluating Execution Quality and Market Performance
In today’s complex, multipolar US equity market structure, how can buyside traders determine the appropriate use of market centers and the optimal order-routing strategy? How can investment managers monitor execution quality across multiple exchanges, alternative trading systems and electronic liquidity providers? What resources and techniques should buyside firms have at their disposal to navigate the trading landscape?
Moderated by: Enrico Cacciatore, Senior Quantitative Trader – Head of Market Structure & Trading Analytics, Voya Investment Management
Presented by: Asad Bhatti, Head of Equities Execution Consulting, Cboe Global Markets