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The Capital Challenge

presented by the FIA Operations Americas Division
15 November 2017 3:30pm to 6:00pm CST

November 15, 2017 // The Union League Club of Chicago // 65 West Jackson Blvd. Chicago, IL
 

The event is designed to educate FIA Emerging Leaders as well as inform the broader industry.
The number of broker dealers and FCMs registered in the United States continues to decline as industry consolidation gathers pace. This fact is somewhat surprising given that trading volumes, in both cash and derivatives, remains robust. According to Bank for International Settlements (BIS), exchange traded futures and options volumes, measured in notional principal, rose over 12% between 2015 and 2016. Meanwhile, the global OTC derivatives market rose by 10.5% during the same period.  So, what is going on here? Of course, downward pressure on fees and commissions, combined with low interest rates, have punished operating margins at traditional firms. In other words, many dealers and FCMs are not able to earn economic profits, net of capital costs.

Join us as we discuss the key drivers of these firm’s cost of capital and return on capital. Emphasis will be placed on how firms can maintain or increase topline growth whilst at the same time being more capital efficient. This session will be discussion based and participants will be encouraged to share their thoughts and experiences.

SPEAKER

Edward Talisse, Instructor, Fitch Learning

LOCATION

The Union League Club of Chicago

65 West Jackson Blvd.

Chicago, IL 60604

SCHEDULE

Presentation:  3:30 p.m. – 5:00 p.m.

Networking Reception:  5:00 p.m. – 6:00 p.m.

COST

$40.00 per FIA Operations Americas/Market Technology Division Member
$50.00 per Non-division Member

Online registration is closed.

Information: Contact Mary Freeman at +1 202.772.3033. Dress for the Union League Club is business casual (no jeans please). Online registration will close at 1:00 p.m. Eastern on Monday, November 13.

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