ACI Russia eFX Summit 2018

20/11/2018 - 20/11/2018 • Moscow Ritz Carlton
The e-FX Summit will bring together about 200 leading FX professionals together on the Greatest ACI Event.
Register

Schedule

  • 20 November

Registration and Welcome coffee

09:00 AM 09:30 AM

Panel 1. Trends in the global eFX trading. Directions in the development of electronic FX commerce in Russia

09:30 AM 10:30 AM

James Beilby

Antonio  De Gregorio

GI Gregory Ivanov

AK Anton Kenyaykin

Marc Millington-Buck

Sergey Romanchuk

Roland White

Alexander Zozulya

Panel 2. The impact of regulation and self-regulation on changes in trading practices in the international and Russian foreign exchange market.

10:30 AM 11:30 AM

VL Valeriy Lyakh

JM John Mason

Dmitry Piskulov

Sergey Romanchuk

Roland White

Konstantyn Zyryanov

Coffee break

11:30 AM 11:45 AM

Panel 3. Pricing streams and liquidity provision management in an electronic platform.

11:45 AM 12:45 PM

James Beilby

Dmitry  Gavrilets

AI Alexey Ilyin

GI Gregory Ivanov

Sergey Romanchuk

Andrey Skabelin

GY Gleb Yarnykh

Lunch

12:45 PM 02:00 PM

Panel 4. Electronic trading platforms in Russia and in the world. From aggregator to the client platform. How to implement an electronic trading platform in a commercial bank?

02:00 PM 03:00 PM

Stanislav Bublik

MB Maxim Burko

PG Pavel Grishin

PR Pavel Rokhlov

Sergey Romanchuk

Panel 5. Clients evaluation of electronic trading platforms.

03:00 PM 04:00 PM

Anton Baronin

MD Maria Dorokhina

ID Ilya Dulin

AI Alexey Ilyin

Andrey Sumin

Coffee Break

04:00 PM 04:15 PM

Panel 6. Algorithmic and high-frequency trading. Russian experience and global trends.

04:15 PM 05:15 PM

Gregory Baytsur

Anton Govor

Sergey Romanchuk

Ivan Samokhin

YS Yury Savitskiy

PV Pavel Vidov

Panel 7. Discussion: how the ideal matching platform for the primary wholesale FX market should be arranged?

05:18 PM 06:15 PM

GI Gregory Ivanov

Marc Millington-Buck

AO Anna Obizhaeva

Sergey Romanchuk

Anna Senina

Rope up. Cocktail. Networking.

06:30 PM 11:59 PM

Sponsors

Exhibitors

Speakers

Sergey Romanchuk

Head of FX&MM; ACI Russia, President
Metallinvestbank
Sergey Romanchuk Head of Trading, Head of Operations in the Foreign Exchange and Money Market, PJSC JSCB Metallinvestbank.

Born on May 16, 1974 in Saratov.

In 1991 he graduated from the Kolmogorov’s Physics and Mathematics Boarding School at Moscow State University, then in 1995 the Higher College of Mathematical Physics of the Independent University of Moscow, in 1997 the Faculty of Physics of Moscow State University, and in 2000 - the graduate school of the Faculty of Physics of Moscow State University. Graduate of the TRIUM Global Executive MBA program 2017 (LSE, NYU Stern, HEC).

Since 1995 he has been working at Metallinvestbank. Brought the bank to the leaders of the foreign exchange market. He has received numerous awards for the active development of the financial market infrastructure in Russia.

Member of the National Derivatives Council, Expert Council of the National Financial Association on Benchmarks and Indicators, FX Committee on the Moscow Exchange, Deputy Chairman of the Moscow Exchange Council, Chairman of the Joint Standing Committee of the Foreign Exchange Market NFA- ACI Russia (The Moscow FXJSC), President of the public organization of professional participants in financial markets ACI Russia - The Financial Markets Association and a member of the global ACI FX Committee

Columnist in Vedomosti, RBC, Forbes.

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Alexander Zozulya

Managing Director, FX & Commodities Trading
Sberbank
Alexander is responsible for FX & Commodities trading including algo-trading and BigData. Joined Sberbank CIB in 2013. Past experience: FX & Derivatives trader at Merrill Lynch International and Bank of America in London and Barclays in Moscow. Graduated from the Faculty of Mechanics and Mathematics of Moscow State University and New Economic School in Macroeconomics and Finance.

20 November

James Beilby

Head of Algorithmic Trading
Alfa-Bank
James has been working in eFX since 2006, initially in software development but now straddling technology, quantitative and business. At Deutsche Bank he was responsible for technology development of high-frequency trading and pricing strategies. In 2013, he founded a quantitative proprietary trading firm, and more recently provided consulting to buy- and sell-side firms on best execution, market making and quantification of last look. He is now Head of Algorithmic Trading at Alfa Bank, driving quantitative development to provide 'best of breed' pricing and risk management.

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AK

Anton Kenyaykin

Head, Director, FI Sales Department
Raiffeisenbank

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Roland White

Global Head of Institutional Sales
LMAX Exchange Group
As Global Head of Institutional Sales, Roland is responsible for advancing LMAX Exchange global growth agenda in the institutional segment, leading the institutional sales team and deepening relationships with institutions internationally.

Roland has 28 years of institutional FX expertise and a wealth of capital markets experience from a career spent leading FX sales and trading desks at major global banks and FX brokers. Prior to joining LMAX Exchange, Roland was a Head of Electronic Foreign Exchange Sales at Commerzbank as well as led international sales teams at EBS, Cognotec, Reuters, Citigroup, Standard Chartered. In addition, Roland served as the Vice President of the financial markets association, ACI UK, between 2002 and 2007.

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Marc Millington-Buck

Head of International FX Business Development
MOEX
Marc Millington-Buck joined the Moscow Exchange as Head of International FX Sales in July 2013 and is part of the Moscow Exchange’s International Sales Team based out of London & Zürich.
Marc has more than 20 years’ exchange-market experience. He has extensive knowledge of electronic trading in cash and derivatives products; including FX, money markets, fixed income, equities and commodities. He also has valuable experience in the trading operations and processes of electronic exchanges such as DMA, clearing and risk management.
Starting out his career in the Treasury department of an international bank, then subsequently its Treasury Sales and Financial Structuring teams, he has been active in selling FX and hybrid rate risk management products to large international Bank and Corporate clients from the outset. Marc has also been a trader of Futures & Options on LIFFE and LTOM and developed electronic derivatives trading and automated arbitrage systems. Marc worked with the exchange traded derivatives and electronic OTC venues, banks and prime brokers to on-board new and existing international clients for trading under risk managed, sponsored DMA.

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GI

Gregory Ivanov

Sales Director Russia&CIS
EBS

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VL

Valeriy Lyakh

Head of Department for Countering Misconduct
Central Bank of Russia

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Dmitry Piskulov

Head of Product & Services Development, FX Market Department
MOEX
Dmitry Piskulov, Ph.D (Econ.), graduated from Lomonosov Moscow State University – MSU (1992), has worked in the area of foreign exchange, money and derivatives markets since early 90-es for Russian and international banks and brokers as dealer, Chief Dealer or Head of Tresury (The State bank of the USSR, Rossiyskiy Kredit Bank, ABN Amro Bank AO, Toribank, MICEX, Derzhava Financial Group, ICAP plc). Since 2005 till 2014 worked as Chairman of the Committee for Professionalism and later Chairman of the Board of NFEA (National Foreign Exchange Association). Currently works at Moscow Exchange (MOEX) FX Market as Head of Products and Services Development.
Member of ACI Russia since 2006, Vice President of ACI Russia since 2016. A member of Moscow FX Joint Standing Committee of ACI Russia and
As a guest teacher Dmitry delivers lectures on Global financial markets in magister program of MSU Economics Faculty since 2002. Author of popular book “Theory and practice of foreign exchange dealing” with 5 printed editions (1996-2015).

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JM

John Mason

Global Head, Regulatory & Market Structure Propositions
Refinitiv

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GY

Gleb Yarnykh

Senior Vice President, E-commerce Trading, Electronic Trading Department
Raiffeisenbank

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Andrey Skabelin

Department Director, Head of FX Market
MOEX
Andrey Skabelin works as the Director of the MOEX FX Market Department.
His responsibilities include product development and promotion of MOEX’s products and services among trading and clearing participants of the Exchange.
Andrey has twenty years’ experience in the financial markets, which allowed him to gain deep expertise in trading (including electronic trading), as well as products development and sales.
Before joining Moscow Exchange, Andrey worked at Thomson Reuters as the Director of Development in Financial Markets, where he was responsible for the development of business strategy and FX market infrastructure. His earlier career was mostly in FX trading with Promsvyazbank (as the Head of FX for eight years), Sobinbank, Nefteprombank and MDM-Bank.
Andrey graduated from the St. Petersburg State Marine Technical University and the University of Chicago Booth School of Business in London. He is also a member of the Council of ACI Russia - the Association of Financial Markets.

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Stanislav Bublik

Executive Director, Electronic Markets Distribution.
Sberbank
Electronic trading professional. Present focus: e-FX solutions with focus on Russian corporate clients and Financial Institutions, e-FX sales & product development. Past experience: Direct Market Access (DMA) to Russian/CIS and Western Markets, low-latency access to Russia, Prime Brokerage on Russian markets.

Since January 2014 Stanislav has been responsible for Sberbank Markets cross-asset e-trading platform development, runs Sberbank Markets distribution team. Brought the platform created from scratch to the award-winning level. Ensures electronic access to FX trading, hedging and liquidity management with Sberbank for a wide range of corporate clients and FI counterparts both domestically and internationally.

Stanislav holds Russian Plekhanov University of Economics master degree and bachelor degree from ICN Business School in France.

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PG

Pavel Grishin

Technical director
NT Progress

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PR

Pavel Rokhlov

Product and Services Development, FX Market
MOEX

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Andrey Sumin

Key accounts director
MOEX
Andrey Sumin has 16+ years experience on various positions in Russian and International banks and technology corporations. Key expertise in sales of financial products, technical solutions and management of complex technical projects implementation.
Before 2015 held sales positions in Microsoft, Thomson Reuters, BNP Paribas and VTB.
From 2015 to 2018 Andrey worked on position of Managing Director in Rosbank (Societe Generale) responsible for corporate sales and development of electronic trading platforms.
Since July 2018 joined Moscow Exchange as a Key Accounts Director responsible for sales and business development with largest clients.
Member of ACI Russia Council since 2016.

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MB

Maxim Burko

Sales Specialist, FX/MM
Refinitiv

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AI

Alexey Ilyin

FInancial Markets Specialist
Refinitiv

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ID

Ilya Dulin

Head, Director, Corporate Sales Department
Raiffeisenbank

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Anton Baronin

Deputy head of corporate sales department OTC Derievatives BCS Global Markets
BCS Global
Born on November 24, 1988 in Moscow.

In 2011graduated from Lomonosov Moscow State University the Faculty of Chemistry.
In 2015 graduated from Higher School of Economics, National Research Universityб specialty stock market and investment. Worked in Sberbank Moscow Bank with FX derivatives (hedge).

Since 2012 till 2015 worked FX and derivatives trader in Rosavtobank.
Worked in Sberbank.
Now he is engaged in the creation and development of a department for trading in derivatives, hedging currency risks for clients in BCS Global Markets.

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Gregory Baytsur

Head of external systems support division Trading and clearing systems development Center
MOEX
Moscow Exchange 2007 - Now . Head of external systems support division
Trading and clearing systems development Center
Managing FIX and FAST protocol development projects, latency improvement efforts and latency monitoring, DMA and sponsored access - related services.
Consulting clients on connectivity options to Moscow Exchange, including DMA, sponsored access, colocation services and algo trading.
Project Manager at Allied Testing LLC 2006 – 2007. Managing QA and testing of Reuters CRM system development projects. Moscow - London
Project Manager at ParaScript LLC 1998 – 2006. Software testing and development projects. Moscow – Boulder, Co
Scientist at General Physics Institute Russian Academy of Science, 1984 – 1997. Laser and plasma physics.
Education:
Ph.D. (physics) @ General Physics Institute USSR Academy of Science, 1988
Master degree (physics) @ Moscow Institute of Physics and Technology, 1984

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Anna Senina

Regional Business Development Manager, Financial Markets
Refinitiv
Born in Moscow.

In 2001 she joined the Plekhanov Russian University of Economics, the Faculty of Informatics (Computer Science). In 2005 she graduated with honors with 2 diploma Bachelor of Economics and Specialist in Informatics (Computer Science) with specialization in Banking industry.

In 2003 joined RTS Stock Exchange, RTS Money division. Since 2008, she has been working at Thomson Reuters in the data department driving the team of Data specialists for Russia and CIS. In 2014 moved to the role of Market Development manager.

Member of the Expert Council of the National Financial Association on Benchmarks and Indicators, Member of the Joint Standing Committee of the Foreign Exchange Market NFA- ACI Russia (The Moscow FXJSC), and a member of the ACI

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AO

Anna Obizhaeva

Professor
NES

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Ivan Samokhin

Vice-president Prime brokerage Sales HFT and DMA for Russia/CIS BCS Global Markets
BCS Global
Ivan Samokhin HFT and DMA for Russia/CIS Sales Vice-President, BCS Global Market.

Was born July 27, 1983 in Bryansk
In 2005 graduated from Moscow State Open University with an honors degree in International Economics.

Rejoined BCS Global Markets team at 2018 after more than four years at Renaissance Capital. With more than 12 years in industry, has a wealth of experience in DMA and Algo infrastructure and covered all key domestic prop-shops and trading teams. Before Renaissance Capital, since 2011 was a deputy head of regional partnership and sales-distribution of Aton.

Member of Derivatives Market Committee of the Moscow Exchange.

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Dmitry Gavrilets

Senior Trader, FX Trading
Sberbank
In 2011 graduated the Faculty of Mathematics of Moscow State University.

FX trading professional. In 2011 joined Troika Dialog Treasury Department. Since January 2016 has been responsible for e-FX trading development in Sberbank.

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YS

Yury Savitskiy

Structural Products Director
Alfa-Bank

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Konstantyn Zyryanov

Executive Director
ACI Russia
Konstantin Zyryanov, Executive Director, ACI Russia.
Konstantin graduated with honours from MGIMO with a degree in Finance in 1993. Then he held various positions in Russian commercial banks. From 1999 he worked in Avangard Bank as Head of Treasury and Vice President. In 2004 he moved to Russian International Bank, and became its head in 2010. In 2013, Konstantin became the General Director of Monaco FC. Since 2017 he works in ACI.

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Antonio De Gregorio

Managing Director, Central and Eastern Europe and CIS
Refinitiv
Antonio De Gregorio is the Managing Director for Central and East Europe, in which function he is responsible for the P&L of Thomson Reuters in the region. He is also the Program Manager for the Belt and Road proposition, leading Thomson Reuters’ response to China’s global initiative to support the infrastructure development of 70 countries.
Over the last fifteen years, Antonio has worked extensively in a number of locations and in a broad range of roles at Thomson Reuters. He moved to the Middle East in 2008, first as Middle East & Africa Head of Client Training, then as General Manager for Middle East & North Africa, where he was responsible to manage the regional P&L. Antonio then proceeded to the role of Managing Director for Zawya, a leading provider of Business information that Thomson Reuters acquired in 2012. In his latest role, he was Managing Director for the Legal, Tax and Accounting and GTM in the MENA region Businesses.
Antonio is an Endeavor mentor, and advises several regional incubators. He is currently on the advisory board of GIT (German Imaging Technology), DuPlays, Wavetec and Lodgify.

Antonio has a Summa cum Laude degree in Economics from Bocconi University and an MBA from the London Business School.

20 November

Anton Govor

Managing Director, Head of Strategy & Innovations
MOEX
Anton Govor is the Head of Strategy of Moscow Exchange Group from 2013. Responsible for Innovations and Analytical data product development from 2016.
From 2011 to 2013 he was the Deputy Head of investment banking division on global markets at VTB Capital. From 2005 to 2011 he worked for Ernst & Young.
Anton graduated from the Moscow State University with a degree in mechanical mathematics.

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MD

Maria Dorokhina

Head of Liquidity and Hedging
OMK

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PV

Pavel Vidov

Intrust

20 November

Alfa-Bank

Gold

LMAX Exchange Group

Gold

Metallinvestbank

Gold

Moscow Exchange

Gold

EBS

Gold

NT Pro

Gold

Raiffeisenbank

Gold

Sberbank

Gold

Refinitiv

Gold

BCS Global Markets

Silver

IPC​

Silver

Lucera

Bronze

Integral

Bronze

PRIME

Media partner

Association of Corporate Treasurers

Media partner

CbondS

Media partner

DEREX

Media partner

NFA

Media partner

Alfa-Bank

LMAX Exchange Group

Metallinvestbank

Moscow Exchange

NT Pro

Sberbank

IPC​

Refinitiv

Registration and Welcome coffee

09:00 AM 09:30 AM

Panel 1. Trends in the global eFX trading. Directions in the development of electronic FX commerce in Russia

09:30 AM 10:30 AM

  • International trends.
  • What are the trends in the development of electronic FX commerce in Russia? Who are the main market participants? How do they compete?
  • Exchange traded market vs over-the-counter? CLOB vs Bilateral trading.
  • Practices performances: Full Amount vs Sweep.

Speakers

Panel 2. The impact of regulation and self-regulation on changes in trading practices in the international and Russian foreign exchange market.

10:30 AM 11:30 AM

  • MIFID, EMIR: how close are Russia and Europe? Dodd-Franck – does America decree us?
  • FX Global Code: how much has it changed the market? Prospects for recognition in Russia.
  • What is missing in the Code? How can it be improved? Control mechanisms?
  • Rule book for trading electronic platforms.
  • Last Look, Pre Hedge, Cover and Deal.
  • Do manipulations in the foreign exchange market exist?

Speakers

Coffee break

11:30 AM 11:45 AM

Panel 3. Pricing streams and liquidity provision management in an electronic platform.

11:45 AM 12:45 PM

  • Moscow vs London: where is liquidity? Is it possible to effectively trade the rouble for 24 hours?
  • Internalization against externalization.
  • Customers, market-maker’s view: "good, bad and ugly."
  • Market makers, customer view: how much does liquidity cost (TCA)?
  • Risk management in electronic trading platforms. Principles of building pre-trade / post-trade control.
  • Organization of settlements. The main approaches: directly, through the CCP or a prime broker. Advantages and disadvantages.

Speakers

Lunch

12:45 PM 02:00 PM

Panel 4. Electronic trading platforms in Russia and in the world. From aggregator to the client platform. How to implement an electronic trading platform in a commercial bank?

02:00 PM 03:00 PM

  • Typology of platforms on the market. What tasks do they solve?
  • What are the differences between the platforms on the Russian market? Criteria of choice.
  • How to build an effective price aggregator and price engine.
  • How to create an effective e-commerce client transactional platform.
  • Experience of buying a platform from a vendor and in-house developed solutions.
  • Cloud technology or hosting on your server?
  • Mobile applications for electronic platforms.
  • Business cases.

Speakers

Panel 5. Clients evaluation of electronic trading platforms.

03:00 PM 04:00 PM

  • Foreign exchange risk hedging practices.
  • Electronic platforms or voice trading?
  • Banks or exchanges?
  • What determines the choice of counterparty and platform?

Speakers

Coffee Break

04:00 PM 04:15 PM

Panel 6. Algorithmic and high-frequency trading. Russian experience and global trends.

04:15 PM 05:15 PM

  • Definition of algorithmic and high-frequency trading. What is behind those terms? High-frequency trading as a segment of algorithmic trading.
  • Market review of algorithmic trading and the main participants. Key trends in the algorithmic trading market.
  • What does the Russian market look like in comparison with world trends in terms of development, the number of participants, profits and regulation?
  • Myths and reality of algorithmic trading. How to run your algorithm and what are the costs of entering the market? What are the profitability levels of the algorithms? Should I buy a ready to use solution or should I always make my own?
  • HFT strategies that likely run counter to good public policy. How to deal with them?
  • The role of communication lines providers. Internet connection vs a dedicated line. What is more important: speed or cost reduction?
  • Is it worth paying for the collocation service? 

Speakers

Panel 7. Discussion: how the ideal matching platform for the primary wholesale FX market should be arranged?

05:18 PM 06:15 PM

  • Continuous matching vs discrete auctions.
  • Latency arbitrage and HFT arms race – how does it affect the market?
  • Randomization, latency floor.
  • Distribution of the market data.
  • The optimal tick size?
  • Incentives for market-makers?

Speakers

Rope up. Cocktail. Networking.

06:30 PM 11:59 PM