Expo 2019 Program
Gather with fellow Expo attendees and CME Group to kick off this year’s conference and trade show! CME Group brings you the FIA Expo Opening Reception on Tuesday evening at Venue SIX10. Kick-off your Expo experience at this premier networking event – the ideal place to make valuable connections. Note that this reception is not available to trade show-only pass holders.
President & Chief Executive Officer
Chairman and Chief Executive of the Commodity Futures Trading Commission Heath Tarbert took office at the U.S regulator in July 2019. With extensive experience in financial services law, Chairman Tarbert has served in senior leadership roles in the public and private sector, most recently as Assistant Secretary for International Markets and subsequently as acting Under Secretary for International Affairs in the U.S Department of the Treasury. In his first participation at FIA Expo, Chairman Tarbert will share his thoughts on the CFTC’s current and future agenda in a fireside chat with FIA President and CEO, Walt Lukken. Chairman Tarbert has stated: “How we regulate is just as important as what we regulate.”
Against a backdrop of healthy volumes and geopolitical uncertainty, the world’s major exchange groups continue to evolve into new business areas with acquisitions leading them into increasingly diverse offerings including benchmarks, technology and data. Leaders from these institutions will share their views on the challenges and opportunities today and into the future.
A myriad of factors are shaping the development of the cleared derivatives industry in the coming years. This panel of industry leaders will consider the impact of a range of issues – including macro and geopolitical trends, regulation, technology and globalization – on growth, liquidity and future prospects.
This panel will dive into the latest regulatory developments and explain how FIA L&C is helping firms manage the evolving regulatory landscape. Our panel will discuss industry comments on a range of CFTC proposed rules related to Part 30, CCP governance, and reporting, along with industry initiatives to update EFP Agreements and audit trail rules to reflect current trade flows and technology. It will also discuss L&C’s work to deliver resources and tools to assist firms with compliance and operational issues, such as FIA Training and template disclosures for JAC and CFTC rules governing margin management for separate accounts of the same owner.
Five fintech start-ups, selected from the FIA Innovators Pavilion, will present their products to a panel of judges and compete to win an award from FIA. Each firm will have just five minutes to describe the main features of their products and explain their relevance to the derivatives markets, and then answer questions from our panel of expert judges. The FIA Innovators Pavilion is a special feature of FIA Expo dedicated to showcasing new technology.
While it remains unclear when (and if?) the UK will actually leave the European Union, Brexit has already and will continue to have an impact of the global landscape for derivatives. Experts will set out the prospects in the short- and longer-term.
Satisfying regulatory oversight needs has never been harder with the prevalence of global trading and exchanges and home regulators increasingly expecting firms to monitor clients and market participants for compliance. Our panel will discuss several approaches by global regulators to ensure rule compliance and market safety while not over-burdening the business needs of market participants. We will consider substituted and alternative compliance regimes as well as regulatory reviews of clearing rules.
While the industry is largely dominated by trading in long-established contracts, innovation is taking place in a number of areas that could result in the emergence of new assets and markets, ranging from cannabis, sustainable energy sources and more esoteric products. This panel will consider the path to success in the development of products that reflect a changing world.
Markets and regulators are beginning to respond to the growing call for solutions to the world’s environmental issues. Investments in products that reflect environmental, social and governance principles are growing at a rapid rate; politicians and regulators are enforcing new requirements and the industry is taking note. This panel will address the impact on the derivatives industry and the role for exchanges and the sell side in facilitating the rise of sustainable finance.
It has been a big year for digital asset companies operating in to the regulatory space. Our panel of experts will map out the registration choices of various platforms and talk about the regulatory impact of certain models in the cryptoasset space. What are the variations on custody? How are custodians ensuring control? How does segregation work? Finally, what is the future for intermediation in the models?
As foreign exchange markets transition to a cleared environment, this panel considers whether the developing opportunities and constraints represent a paradigm shift towards the futurization of FX. What will be the impact of the phasing in of uncleared margin rules (UMR) and how is the clearing of NDFs being integrated into existing clearing operations?
This session will highlight the myriad of factors impacting market liquidity including capital, consolidation of FCMs and regulation, as well as initiatives underway aimed at addressing concerns.
While there has been speculation on the impact of new technologies on the industry, one sector has already seen some notable and tangible benefits with a range of emerging companies already promising to transform how commodities are traded. This session will look at some of the innovations and assesses their prospects.
While their path to widespread adoption has not been entirely smooth, crypto assets are building support and recognition across a wider user base, including institutions. New platforms and clearing operations continue to emerge and the next phase sees the launch of physically settled products. FIA brings together key participants in the market to assess the prospects for the future.
Join the FIA community in supporting the Greater Chicago Food Depository on October 30 at the 9th Annual Great Chicago Steak Out! Since 2008, FIA has raised more than $4.1 million for the Food Depository to help feed those in need. Once again, the Chicago Private Dining Steakhouse Group, a prestigious collection of Chicago's top steakhouses, presents the finest dishes from their kitchens for you to sample and enjoy. Get your tickets!
FIA President and CEO Walt Lukken will present an award to the most innovative company in the FIA Innovators Pavilion. The winning company will receive cash and other resources worth more than $20,000.
Listed and cleared derivatives markets continue to face potential regulatory change driven by a range of geopolitical developments. This panel of regulatory experts will highlight the key areas of development including the impact of Brexit, the future of equivalence recognition and cross-border supervision, and the impact of trade policy.
The industry and regulators continue to work on risk measures for CCPs to ensure defaults and other risks are unlikely to cause major damage to the global system. Most recently, regulators are examining recent defaults and whether reforms are necessary, finalizing work on CCP recovery and resolution, including default auctions, and considering varying margin models. This panel will examine what has been done and whether there is more to do.
Listed derivatives functions face many common challenges, including responding to regulatory requirements or managing the twin threats of rising costs and shrinking profitability. This panel will explore those challenges and assesses the opportunities for addressing them, including through collaborative approaches.
The financial industry has recognized the importance of reflecting the diversity of society at large in ensuring its sustainable future. FIA invites experts to discuss how best to achieve this goal.
With new products continuing to come to the clearing environment and new technology applications being introduced, how are CCP leaders managing this phase of innovation. Heads of major CCPs outline their core areas of focus.
Cloud technology is a central part of the world’s technology systems and its use by financial services has become more widespread. However, questions have been raised about security with some financial institutions taking a long time to approve the process of migrating to the cloud. How has the cloud computing industry evolved to provide the security and control demanded of financial markets?
What progress is being made toward establishing new interest rate benchmarks to replaced LIBOR? Panellists will consider developments to date; whether the industry has moved quickly enough; and how the listed derivatives industry is responding.
Artificial intelligence has become recognized as a tool in the trading space and is now offering similar opportunities in clearing. This panel will look at the range of applications in predictive analytics for clearing; improvements to trade matching; and in surveillance at the exchange level.
FIA brings together different sides in a debate format to discuss the role of the exchange, the data service provider and market participants as market data becomes increasingly monetized.
This session provides a forum to discuss the due diligence and best practice approaches to managing the relationship between vendors and their clients.