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                                                                                                      7-8 June 2011                                                      M at 0
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                                                                                                      The Westin Tokyo, Japan                                               ch n
                                                                                                                                                                              20 de
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                                                                                                      www.tradetechjapan.com
                                                                                                      Leveraging Japanese fragmentation
                                                                                                      and trading system upgrades
                                                                                                      to maximize domestic trading
...the one with the buy side                                                                          opportunities


                        As we were going to press, the devastating earthquake and tsunami hit Japan.
            The entire team at WBR express our sincere sympathy and support for the people of Japan and will be
             contributing a portion of TradeTech Japan’s revenue to Japan’s recovery and rebuilding operations.

                      DOMESTIC BUY SIDE TRADERS                                                            EXCHANGE AND PTS REPRESENTATIVES




Shunsuke Nishino        Takashi Nakamura         Yusuke Sakai               Takashi Hiratsuka           Yoshinori Suzuki                    Tal Cohen                 Yoichi Ishikawa
General Manager,        Head of Trading          Head of Trading            Chief Trader - Asset        Managing Director                   CEO                       Executive Officer
Head of Trading         TOKIO MARINE             T&D ASSET                  Management Division         & CIO                               CHI-X GLOBAL              KABU.COM
DAIWA SB                ASSET                    MANAGEMENT                 RESONA BANK                 TOKYO STOCK
INVESTMENTS             MANAGEMENT                                                                      EXCHANGE


                             INDUSTRY EXPERTS                                                                JAPANESE HEDGE FUND MANAGERS




Tomio Sumiyoshi         Jun Uno                  Neil Katkov                Sadakazu Osaki               Shinichiro Shiraki                 Shinichiro Nagai          Goro Ohwada
Representative and      Professor and Director   Senior Vice President,     Head of Research             Chairman & Director                Senior Manager -          President & CEO
Managing Director       WASEDA UNIVERSITY        Head of Asia               Center for Knowledge         MONEX                              Investment Group          AINO INVESTMENT
GREENWICH               GRADUATE SCHOOL          CELENT                     Exchange & Creation          ALTERNATIVE                        GCI ASSET                 CORPORATION
ASSOCIATES JAPAN        OF FINANCE,              (a part of Oliver Wyman)   NOMURA RESEARCH              INVESTMENTS                        MANAGEMENT
                        ACCOUNTING AND                                      INSTITUTE
                        LAW


                     INTERNATIONAL EXPERTS                                                                               LEADING SELL SIDE




John Fildes                  Philip York                    John Lim                         Kim Man Li                            Naoki Kamiyama                     Zach Tuckwell
Strategic Director           CEO                            Trader                           Head of Asia Electronic               Chief Equity Strategist,           Managing Director
GETCO                        EMPYREAL                       PRUDENTIAL ASSET                 Trading Sales                         Japan                              MORGAN STANLEY
                             INVESTMENTS                    MANAGEMENT                       GOLDMAN SACHS                         DEUTSCHE
                             GROUP                                                                                                 SECURITIES

                                                                                 Principal Partner                     Strategic Partners                      Exchange Partners
                     HIGHLIGHTS FOR 2011
    ✦ Complete coverage of the latest PTS developments
        with C-level representatives from all of the major trading
        venues speaking at the event
    ✦   Arrowhead a year on: Tokyo Stock Exchange share their                                                               Associate Partners
        experiences of Arrowhead’s launch year and plans for
        the future
    ✦   More domestic Japanese buy side traders speaking than
        ever before
    ✦   Dedicated section giving complete coverage of High
        Frequency Trading in Japan
    ✦   Top level panel sessions on Smart Order Routing, Dark
        Pools, Transaction Cost Analysis, Commission Sharing
        Agreements and more


        T: +65 6408 9203             F: +65 6822 7370                 E: wbrinfo@wbresearch.com                               W: www.tradetechjapan.com
BIGGER and BETTER...
                                                                                                           ...the one with the buy side


                                       th
TradeTech Japan is back for its 5 year and once again brings you the most important content and most
influential speakers from the Japanese trading community.

Held on 7-8 June in Tokyo, the packed agenda will cover crucial topics in one of the world’s largest equities
markets. With huge developments underway in market fragmentation and the high frequency trading space, now
more than ever, it is crucial that you stay up-to-date with the changes in order to position yourself for the new
opportunities that are arising.


Buy side, buy side, buy side:
                                                                        Who was in the room at
TradeTech events are known throughout the world as the              TradeTech Japan 2010 and who
only ones that bring the buy side community together.
No other conference can guarantee that over 50% of the
                                                                   you can expect to meet in 2011…
audience will consist of senior traders and decision makers
from institutional investors, asset managers and hedge                                Buy-side - Long Only
funds. Last year we had over 175+ influential buy side and                             Asset Management 25%
are confident of even more in 2011.                                                                                 Buy-side - Hedge Funds
                                                                                                                   and Fund of Funds 13%
                                                                          Other 4%
                                                                                                                             Buy-side - High
                                                                                                                             Frequency Traders/
Over 100 buy side attendees confirmed                            Consultants 1%                                               Prop Traders 3%
as of March 2011 including senior representatives from:
                                                                 Clearing                                                  Buy-side - Investment
✦ 21st Century Asset Management                                  Houses 1%                                                 Dept. of Japanese
                                                                                                                           Banks 2%
✦ 8 Peak Capital                                              Central Banks 1%
✦ ACA Global                                                        Regulators 1%                                       Brokers 25%
✦ Allen Investment Advisors
✦ APS Asset Management                                                       Vendors 19%                   Exchanges / PTSs 5%
✦ Asahi Life Asset Management
                                                                   Buy-side - Long Only Asset Management                                      25%
✦ ASTMAX Investment                                                Buy-side - Hedge Funds and Fund of Funds                                   13%
✦ AXA Rosenberg Investment Management                              Buy-side - High Frequency Traders/Prop Traders                             3%
✦ Bank of Japan                                                    Buy-side - Investment Dept. of Japanese Banks                              2%
                                                                   Brokers                                                                    25%
✦ BlackRock Japan
                                                                   Exchanges / PTSs                                                           5%
✦ BNP Paribas Investment Partners                                  Vendors                                                                    19%
✦ BNY Mellon Asset Management Japan                                Regulators                                                                 1%
✦ Bridge Capital                                                   Central Banks                                                              1%
                                                                   Clearing Houses                                                            1%
✦ Chuo Mitsui Asset Trust & Banking
                                                                   Consultants                                                                1%
✦ Daiwa Asset Management                                           Other                                                                      4%
✦ Daiwa SB Investments
✦ Gartmore Japan
✦ Government Pension Investment Fund
✦ Horizon Asset International                                                                                                             Japan 81%
✦ ING Mutual Funds Management
✦ JP Morgan Asset Management
✦ Mitsubishi UFJ Asset Management
✦ Nikko Asset Management
✦ Nissay Asset Management
✦ Nomura Asset Management                                          Europe 2%                                       Hong Kong 7%
✦ Phillip Financials                                                  United States 2%                   Singapore 4%
✦ Rheos Capital Works                                                                                  Australia 2%
✦ Sparx Asset Management                                                                 Rest of Asia 2%
✦ Stat Arb                                                                Japan                                                      81%
✦ State Street Global Markets                                             Hong Kong                                                  7%
✦ Sumisho ElecTrade                                                       Singapore                                                  4%
                                                                          Australia                                                  2%
✦ Sumitomo Mitsui Asset Management                                        Rest of Asia                                               2%
✦ T & D Asset Management                                                  United States                                              2%
✦ Trading Central                                                         Europe                                                     2%


     T: +65 6408 9203 F: +65 6822 7370          E: wbrinfo@wbresearch.com            W: www.tradetechjapan.com
Seminars and panels were timely and relevant to current market conditions, even gave some insights on the near
future of Japanese markets. Over the years, I have noticed an increasing number of buy side representatives,
especially Head of Trading from the domestic side, showing their awareness to collect market information by
                                                                                                          y
                                                                                                                      ...the one with the buy side
attending the event.
                                                   Spyridon Mentzas, Electronic Trading Development Consultant
                                                                                          MIZUHO SECURITIES



                                                         Good mix of buy and sell side
                                                         participants all gathered for the
                                                         betterment of the industry

                                                                              Mac Barry
                                                                   Senior Vice President,
                                                                  Head of Trading in Asia
Yoshinori Suzuki, Managing Director & Chief                            LAZARD ASSET                The Robot Man – Fresh from appearing
Information Officer, Tokyo Stock Exchange                                MANAGEMENT                 in a Bruce Willis movie, Professor Hiroshi
updates delegates on Arrowhead                                                                     Ishiguro was a big hit with delegates


                                                                                                     Provided a thorough overview
                                                                                                     and understanding of trading
                                                                                                     and technology in Japanese
                                                                                                     markets


                                                                                                                      Giovanni Beliosi
                                                                                                                 Chief Executive Officer
Our conference was packed with many senior buy side trading luminaries
                                                                                                                         FGS CAPITAL




Unwinding with a few drinks after the
conference                                    Our algo trading panel proved to be very popular with the delegates


                                                                                       Being new to the Asian financial landscape,
 An excellent combination                                                              TradeTech Japan was a very informative
 of thought-provoking and                                                              view of the current state of technology
 informative discussions side-                                                         in the evolving Japanese market, not
 by-side with an excellent                                                             only from the presentations and panel
 networking opportunity. The                                                           discussions, but also from conversations
 Japan focus was both insightful                                                       held with peers in the industry.
 and encouraging – whilst the
 economy generally does not                                                                      Eric Elvambuena, Senior Engineer
 attract the headlines as do the               Sealing a deal                                                 EAGLE 7 TRADING
 other more aggressive centers
 within Asia, Japan is clearly
 making significant advances
 and continues to justify its
 position as the largest financial
 market in APAC.


                  Colin Silvester
          Country Manager Japan
                             IPC               Our exhibition saw a record number of          375 attendees flocked to TradeTech Japan
                                               29 sponsors in 2010                            over the course of the 2 days



   T: +65 6408 9203          F: +65 6822 7370           E: wbrinfo@wbresearch.com                W: www.tradetechjapan.com
CONFERENCE DAY ONE • 7 June 2011, Tuesday

  08.00      Registration and morning coffee and opportunity to view exhibition                           10.30         Morning coffee and opportunity to view exhibition

  08.50      Chair’s opening remarks                                                                      11.10         Performance of algorithmic trading and Japanese market themes
                                                                                                                        - Analysis of Deutsche Bank’s recent studies into the Japanese algorithmic
  09.00      Arrowhead one year on: How has the dynamic new trading system affected the                                   trading market
             Japanese market and what can traders expect to come                                                        - Understanding how best algos can be implemented in different market conditions
             Hailed as the answer to Japan’s previously slow and inefficient trading system,                             Naoki Kamiyama, Chief Equity Strategist, Japan, DEUTSCHE SECURITIES
             Arrowhead has proved a huge success, increasing speed and volumes whilst
             tightening spreads. Here, Tokyo Stock Exchange explain their experiences of running          11.40         The role of algorithmic trading in Japan: Strategies, players and results
             the cutting edge system and what other initiatives we can expect as the exchange                           The role of algo trading is growing steadily with the introduction of Arrowhead. This
             continues to prove itself as a dominant trading hub in Asia                                     PANEL
                                                                                                          DISCUSSION    panel brings together a range of experts to address the development and discuss how
             - Arrowhead one year on – What lessons have we learnt?                                                     traders can maximize the benefits of technology and smart programming to gain profit
             - How will the TSE continue to compete against the other regional exchanges?                               from the markets
             - How will the TSE respond to the continuing growth of PTS venues?                                         - Market overview on the scale of algo trading in Japan and future projections for
             Yoshinori Suzuki, Managing Director & CIO, TOKYO STOCK EXCHANGE                                               its growth
                                                                                                                        - Understanding the players: Are domestic players catching up with overseas
  09.30      Understanding the fragmentation of the Japanese market and exploiting                                         traders when using algos to trade Japan or is the vast majority of trading still
             trading opportunities                                                                                         from outside Japan?
   PANEL     With the overall trading volumes estimated at 1% of the daily TSE amount (Feb 2011),                       - Analyzing how well algos adapt to market conditions under the new
DISCUSSION
             PTSs are slowly, but surely, announcing themselves to the Japanese market. This                               Arrowhead system
             panel examines their growth, the pros and cons of each and discusses whether we will                       - Will the new trading landscape allow for the doubling of algo trading as predicted
             ever see the 30-40% volumes as in the US and Europe                                                           by Celent
             - Understanding the role of the PTS in the Japanese market – Volumes, prices,                              Moderator: Neil Katkov, Senior Vice President, Head of Asia, CELENT (a part of
                liquidity, risk and spreads                                                                             Oliver Wyman)
             - How does the TSE view the competition – Should they simply decrease tick size to                         Takashi Hiratsuka, Chief Trader - Asset Management Division, RESONA BANK
                take out PTSs competitive advantage?                                                                    Zach Tuckwell, Managing Director, MORGAN STANLEY
             - Is a MiFID style regulation required for PTS to really take off in Japan and in
                Asia generally?                                                                                         Kazu Ooki, Head of Sales Japan, ICAP ELECTRONIC BROKING
             Isao Hasegawa, Director, Equities, TOKYO STOCK EXCHANGE                                      12.30         Lunch and opportunity to view exhibition
             Tal Cohen, CEO, CHI-X GLOBAL
             Kotaro Yamazawa, Senior Executive Director & J-GATE Project Owner
             OSAKA SECURITIES EXCHANGE
             Yoichi Ishikawa, Executive Officer, KABU.COM
             Masami Hatakeyama, Co-CEO, SBI JAPANNEXT
             Shunsuke Nishino, General Manager, Head of Trading, DAIWA SB INVESTMENTS
             Robert Dykes, CEO, TORA TRADING


                                  STREAM A: PLENARY STREAM                                                                                                    STREAM B
 14.00       Chair’s opening remarks                                                                                           Chair’s opening remarks
 14.10       Delivering next generation algorithmic strategies to grasp increasingly complex                                   Overview of the changing derivatives market and what this means for
             trading opportunities                                                                                             buy side traders
             With fragmentation increasing in Asia, and particularly in Japan, the development of                              With the OSE recently launching their J-GATE system and the TSE looking to
             advanced algorithmic strategies able to adapt and profit from changing market conditions                           increase competition with improvements to their T-Dex+ systems, it is clear that
             is crucial. This session delivers a case study in what the buy side should be looking for and                     the high frequency race is now on for different asset classes. How will this and
             what is needed to create robust and efficient algorithms                                                           other changes affect the role of the traditional equity trader?
             - Building flexibility to ensure your algo can adapt to changing market conditions                                 - An overview from the exchanges on recent developments and future plans
             - Best usage and analysis of market reference data to ensure you read the market correctly                        - Understanding the role of derivatives in managing risk
             - Predicting the next generation of algos                                                                         Akira Tagaya, Sales Director, Derivatives, TOKYO STOCK EXCHANGE
             Takashi Hiratsuka, Chief Trader - Asset Management Division, RESONA BANK                                          Kotaro Yamazawa, Senior Executive Director & J-GATE Project Owner
                                                                                                                               OSAKA SECURITIES EXCHANGE

             Using cutting edge technology to gain a trading edge                                                    PANEL     Examining the state of the Japanese hedge fund industry and
                                                                                                                  DISCUSSION
   PANEL     Trading and technology have never been so closely linked, with your systems speed and                             future outlook
DISCUSSION   accuracy crucial to your success. This panel covers the very latest developments and how                          More investors are moving away from traditional domestic equities based
             you can use technology to give yourself an edge.                                                                  investments in favor of alternative products and strategies. This panel brings
             - Integrating cutting edge new products with legacy systems                                                       together some of the leaders in the Japanese hedge funds field to discuss their
             - Assessing whether to build or buy and implications for both                                                     outlooks for the industry
             - Understanding the limits of your capabilities in the arms race to zero latency                                  Moderator: Stefan Nilsson, President, TOKYO HEDGE FUNDS CLUB
             - Using cloud technology for efficient resourcing                                                                  John Inamine, Head of Alternative Investment Strategies, SPARX
             - Assessing at what point your technology spend stops delivering ROI
                                                                                                                               Shinichiro Shiraki, Chairman & Director, MONEX ALTERNATIVE INVESTMENTS
             Moderator: Neil Katkov, Senior Vice President, Head of Asia, CELENT (a part of Oliver Wyman)
                                                                                                                               Shinichiro Nagai, Senior Manager – Investment Group, GCI ASSET
             Mike Powell, Global Head of Enterprise Real-Time Solutions, THOMSON REUTERS                                       MANAGEMENT
             Kelvin Chiu, Co-CTO, SBI JAPANNEXT                                                                                Goro Ohwada, President & CEO, AINO INVESTMENT CORPORATION
 15.30       Afternoon coffee and opportunity to view exhibition

 16.00       Be first, be fast, be safe                                                                                         HEADS OF TRADING, BUY SIDE SUMMIT
             Whether you’re buy side or sell side, three things are now critical to run an effective
             algorithmic trading environment: productivity, speed and oversight. Changes in algorithmic                        Japanese Speaking buy side Heads of Trading roundtable participants include:
             trading technology are driven now more than ever by changes in regulation. Drawing on                             Takashi Nakamura, Head of Trading, TOKIO MARINE ASSET MANAGEMENT
             global trends and experiences gained from customer deployments worldwide, this talk will                          Sachiko Kozakura, Head of Tokyo Dealing Desk, BNP INVESTMENT PARTNERS
             describe best practices to use when building, buying or using an algorithmic trading system.                      Hiroyuki Yamaoka, Head of Trading, NISSAY ASSET MANAGEMENT
             Further, the talk will discuss new surveillance requirements to suit current and future trading
                                                                                                                               Greg Atkinson, Global Head of Trading, NIKKO ASSET MANAGEMENT
             environments, in response to regulatory change.
                                                                                                                               Sho Osanai, Senior Dealer, GARTMORE INVESTMENT JAPAN
             Giles Nelson, Deputy CTO, PROGRESS SOFTWARE
 16.30       Understanding the role of dark pools in the fragmenting trading marketplace
             Dark pools are proving a venue of choice amongst international buy side firms keen to
   PANEL
DISCUSSION   ensure that large block trades do not affect market prices before completion. However, they
             are not short of controversy with new rules being considered in the US and Europe. With
             fragmentation continuing in Japan the role of unlit venues is still unclear and this panel will
             discuss how the experts see their development.
                                                                                                                                              Download free whitepapers, speaker
             - To what extent have dark pools taken off in Japan?                                                                             interviews, industry updates and more
             - As an effective way to lessen market impact, are dark pools in fact increasing overall                                         equity trading informative materials at
                liquidity in the Japanese and Asian markets?
             - Should the buy side be able to request other participants be excluded to avoid gaming?                                         www.wbresearch.com/tradetechjapan/
             - How has the emergence of the HFT trader changed the dynamics within a dark pool?                                               Content_downloads.aspx
             Yoshitaka Yamada, Head of Trading, SUMITOMO MITSUI ASSET MANAGEMENT
             Yusuke Sakai, Head of Trading, T&D ASSET MANAGEMENT
             Ross Whittaker, VP, AES Japan, CREDIT SUISSE
                                                                                                                                              Follow us on twitter and receive instant
                                                                                                                                              conference and industry updates -
  17.20      Chair’s closing remarks
                                                                                                                                              http://twitter.com/TradeTech_Japan
  17.30      TradeTech Japan 2011 cocktail reception

  19.00      End of day one




          T: +65 6408 9203 F: +65 6822 7370                                         E: wbrinfo@wbresearch.com                                        W: www.tradetechjapan.com
FREE registration for the buy side!
                                                                                                                 Contact wbrinfo@wbresearch.com for more information

             ...the one with the buy side



5 years track record                          200+ buy side delegates
                                                                                                                                    SAVE up to US$800
20+ sessions                                  400+ attendees                                                 when you register early! See booking form for more details
40+ speakers                                  2 packed days
8 hours networking

                                                        CONFERENCE DAY TWO • 8 June 2011, Wednesday

 08.00       Registration and morning coffee and opportunity to view exhibition                          12.40       Lunch and opportunity to view exhibition

 08.50       Chair’s opening remarks                                                                     14.00       Trading desk infrastructure: What do domestic buy side look for?
                                                                                                           PANEL     - What stops domestic buy side from enhancing their trading desk: Cost,
 09.00       Greenwich Associates 2011 report on Japanese equities market                               DISCUSSION      implementation or information?
             The commissions paid for Japanese equity trades fell 20% year-on-year in 2010,                          - What are the main challenges and motivations of domestic buy side when it comes
             mainly due to a growth in electronic trading and a broadening of portfolios by domestic                    to using new technology?
             Japanese institutions. Here Greenwich Associates share the reasons for this and other                   - What does the buy side want from an OMS/EMS?
             findings from their recent report into Japan equity markets                                              Yasuaki Sumimoto, General Manager, Trading Division, MUFJ ASSET MANAGEMENT
              - Analysing domestic appetite for Japanese stocks – Past, present and future                           Kenichi Shikano, Senior Trader, CHUO MITSUI TRUST AND BANKING
              - Understanding why institutional Japanese equities trading is slowing and what this
                means for buy and sell side                                                                          Masaya Fujii, Senior IT Manager, NOMURA ASSET MANAGEMENT
              - Predictions for an increase in low-touch trading methods and what brokers need to
                do to stay competitive                                                                   14.50       Evaluating how the growth of HFT will affect the trading landscape in Japan
                                                                                                                     The High Frequency Trading trend has swept across Asian markets at an amazing
             Tomio Sumiyoshi, Representative and Managing Director                                                   rate recently, and our afternoon sessions look at the huge developments from different
             GREENWICH ASSOCIATES JAPAN K.K.                                                                         angles to help you understand what HFT is, if you should use it, and what it means for
                                                                                                                     the market as a whole. In the first of three sessions, Professor Uno gives us a detailed
 09.30       Regulatory overview of the trading landscape in Japan                                                   overview of the HFT story in Japan
             With new trading options opening up and the growth of algo and HFT trading, Japan                       - Assessing the appetite for High Frequency Trading amongst Japan’s asset managers
             is catching up with the Western world as far as trading opportunities are concerned.                    - Predicting the growth of the strategy over the next 5 years
             However, the new opportunities bring challenges, not least regulatory ones and with                     - Evaluating the effect that HFT will have on overall market volatility
             the political instability it can be hard to predict upcoming legislation. Here a leading                - Comparing the Japan outlook to that in Europe and US
             regulatory expert addresses some of the major considerations and likely future
             developments shaping the Japanese trading landscape                                                     Jun Uno, Professor and Director
              - Historical development in Japanese market regulation                                                 WASEDA UNIVERSITY GRADUATE SCHOOL OF FINANCE, ACCOUNTING
              - Understanding the development of PTSs and what regulation is likely to follow                        AND LAW
              - Taking the lead from the US and Europe and applying RegNMS and MiFID                                 Committee Member
                 principles to the unique Japanese market                                                            GOVERNMENT PENSION INVESTMENT FUND
             Sadakazu Osaki, Head of Research Center for Knowledge Exchange & Creation,                  15.40       Afternoon refreshment & networking break
             NOMURA RESEARCH INSTITUTE
                                                                                                      16.10          Debunking the myths about High Frequency Trading
 10.00       Recent developments in academic research on execution strategies and                                    GETCO is a registered market maker which provides continuous two-sided markets,
             transaction costs: A Bank of Japan case study                                                           by posting both buy and sell orders, in thousands of securities on major exchanges
CASE STUDY   Bringing together detailed research from a range of sources, this session from the Bank                 around the world. Here they address some common misconceptions about what high
             of Japan explores the overall development in trading transactions, analyzing speed                      frequency actually means
             and price. Different models are covered and SOR will be looked at in order to help you                   - High Frequency Trading is a timeframe, not a strategy
             achieve best execution in your trades.                                                                   - Market making and high volume liquidity provision
             - Theoretical models and empirical analyses on efficient algorithms for block                             - Market microstructure and its implications in Japan
                order executions
             - Academic models of HFT strategies                                                                     John Fildes, Strategic Director, GETCO
             - Smart order routing algorithms in the presence of hidden liquidity
             - An economic model of inter-market competition                                          16.40          To what extent will the High Frequency Trading growth affect equity markets
                                                                                                                     in Japan
             Yoshihiko Sugihara, Deputy Director and Economist                                          PANEL        Having heard two opinions of what HFT is and how it is developing in Japan, this panel
             INSTITUTE FOR MONETARY AND ECONOMIC STUDIES, BANK OF JAPAN                              DISCUSSION      gives you the opportunity to hear from all sides of the story and question the experts on
                                                                                                                     how its development will affect you
 10.30       Morning coffee and opportunity to view exhibition                                                       - Understanding the requirements of your trading system and matching them to your
                                                                                                                        high frequency ambitions
 11.00       Utilizing efficient Transaction Cost Analysis (TCA) to understand and improve                            - Assessing whether HFT is for you: At what point does the cost of faster trading
             your execution prices                                                                                      outweigh the benefit gained?
   PANEL
DISCUSSION   - Understanding where trades were matched in the fragmented market and whether
                they achieved best execution                                                                         Moderator: Hiroshi Matsubara, Marketing Director, Japan, FIDESSA
             - What should the buy side demand from their brokers in analysis                                        John Fildes, Strategic Director, GETCO
             - Are TCA results provided by the sell side entirely accurate when demonstrating best                   Jun Uno, Professor and Director
                price matching?                                                                                      WASEDA UNIVERSITY GRADUATE SCHOOL OF FINANCE, ACCOUNTING
             Takashi Nakamura, Head of Trading, TOKIO MARINE ASSET MANAGEMENT                                        AND LAW
             John Lim, Trader, PRUDENTIAL ASSET MANAGEMENT                                                           Committee Member
                                                                                                                     GOVERNMENT PENSION INVESTMENT FUNDS
             Kim Man Li, Head of Asia Electronic Trading Sales, GOLDMAN SACHS
                                                                                                                     Philip York, CEO, EMPYREAL INVESTMENTS GROUP
 11.50       What will the role of Commission Sharing Agreements (CSAs) take in the
             Japanese equity market                                                                      17.30       Chairman’s closing remarks
   PANEL     Unbundling of research and execution services provided by brokers is now widespread
DISCUSSION                                                                                               17.40       Close of conference
             in Western markets and is a valuable tool for minimizing costs. With more demand
             and discussion in Asia for the practice, and the emergence of bodies like the Asian
             Association of Independent Research Providers (AsiaIRP) in the region will we now see
             similar moves come to Japan?
             - Assessing buy side appetite for separate research and executions expertise
                                                                                                                     TradeTech Japan is the first tradi
             - Overcoming parliamentary and industry challenges preventing the development of                                                          ng conference after the
                unbundling in Japan                                                                                  launch of TSE’s Arrowhead. A grea
             - Case studies of working practices from other equity markets
                                                                                                                                                         t opportunity for industry
                                                                                                                     participants to review progress/issu
             Moderator: Joji Watanabe. Managing Director, INSTINET                                                                                        es and share ideas.
             Kenichi Shikano, Senior Trader, CHUO MITSUI TRUST AND BANKING
                                                                                                                                                                          Christina Makiguchi
                                                                                                                                                                Director, Head of AES Japan
                                                                                                                                                                           CREDIT SUISSE




         T: +65 6408 9203                     F: +65 6822 7370                       E: wbrinfo@wbresearch.com                                 W: www.tradetechjapan.com
WHY SHOULD YOU SPONSOR                                                     SPONSORSHIP AND EXHIBITION
       TRADETECH JAPAN?                                                    OPPORTUNITIES AT TRADETECH JAPAN 2011

Because this is how you can engage with your entire client base            Worldwide Business Research’s commercial team is experienced at
in a face-to-face forum, demonstrating product expertise and               helping you meet your sales & marketing needs. In fact, it is our full
knowledge, all in two-days and in one place!                               time job!

✦ Participate in the only event that brings the Japanese buy side          Benefits on being a commercial partner of TradeTech Japan
  community together                                                       2011 include:
                                                                             Lead generation to accelerate your sales cycle
✦ Network with over 200 buy side traders, IT heads and budget                Building loyalty with your clients to consolidate your market position
  holders                                                                    Differentiating your company from other vendors for competitive
                                                                             advantage
                                                                             Raising awareness and reminding the market that you are an
✦ Position yourself as a thought-leader by addressing crucial                essential partner to the industry
  issues and demonstrating innovative solutions to your target               Demonstrating of your strength in uncertain times to grow your
  audience                                                                   market share

✦ Learn what your clients want and adapt your offerings                    Our sponsors and exhibitors choose us because we help
  accordingly                                                              them to:
                                                                             Keep their brand front of mind, keeping their solution on the buyers
✦ Create and reinforce brand awareness to keep yourself front                short list
  of mind with the industry decision makers                                  Maximise their sales teams’ time by providing direct face to face
                                                                             access to the industries decision makers, whilst they are problem
✦ Drive new business by interacting with your client base in a               solving
  one-to-one and personal environment                                        Test drive new products and make certain they will go to market
                                                                             successfully
                                                                             Showcase their solution and run product demos to drive demand
✦ Place yourself at the front of the queue when your clients are             Generate qualified leads and sales meetings
  making purchasing decisions when upgrading their trading
  technology and systems                                                   Your next step is to contact our commercial team to consult on the
                                                                           best way to achieve your specific business goals. We can then
                                                                           recommend a course of action for you to make an informed business
                                                                           decision.

                                                                           Our Business Development team are waiting to take your call!

                                                                           Call Paul Meredith on +65 6408 9208
Stand-out from the crowd   Expand your network   Showcase your expertise   paul.meredith@wbresearch.com

                                                                           Call Joe Lanjri on +65 6408 9232
                                                                           joe.lanjri@wbresearch.com



   Send personalized         Seal those deals
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                                                               HERE!




      T: +65 6408 9203            F: +65 6822 7370            E: wbrinfo@wbresearch.com            W: www.tradetechjapan.com
Principal Partner                                               Strategic Partners                                                                                                           Exchange Partners
                                  Deutsche       Bank                       The      Goldman     Sachs      Group,                                         Progress        Software                            Tokyo Stock Exchange, Inc. (TSE) is
                                  Group is a major                          Inc. is a leading global financial                                              Corporation (NASDAQ:                                one of the leading global exchanges
                                                                                                                                                                                                               and the largest securities market
                                  player     in     the                     services firm providing investment                                              PRGS)            provides
                                                                                                                                                                                                               in the Asia-Pacific region. TSE has
                                  global        equity                      banking, securities, and investment                                            application infrastructure
                                                                                                                                                                                                               been greatly diversifying its product
                                  markets, delivering                       management to a substantial and                    software for the development, deployment,                   range: not only offering over 2,000 listed companies,
                                  innovative trading           diversified client base that includes corporations,              integration and management of business                      but also a derivatives market which is now home to both
solutions across a diverse client base. The platform           financial institutions, governments and high-net-                applications. We strive to increase your business’          bond and equity-based products. In addition to TOPIX,
provides access to a global network of execution               worth individuals. Founded in 1869, the firm is                  effectiveness by offering you the most effective and        the most popular index for Japanese stocks, widely used
and high-touch services, establishing a gateway                head quartered in New York and maintains offices                 open set of infrastructure products possible.               as a benchmark among domestic and foreign investors,
for idea generation and cross-border expertise. In a           in London, Frankfurt, Tokyo, Hong Kong, Singapore                                                                           and JGB futures, TSE has launched mini-sized TOPIX
                                                                                                                               Progress products and technology are used by                and JGB futures. TOPIX futures became a global brand
world of increasingly complex and rapidly evolving             and other financial centres around the world.
                                                                                                                               nearly 140,000 organizations in more than 180               last October with their listing on NYSE Liffe and they
electronic markets, you need a partner with cutting
                                                               Goldman Sachs Electronic Trading provides clients               countries, including 70% of the Fortune 100.                are available around the clock. Also futures on TOPIX
edge technology and global access to the best
                                                               with the necessary execution tools and services to              Progress technology provides the infrastructure             Core30, TSE REIT index and Nikkei 225 Dividend Point
pools of liquidity. Your executions need to balance
                                                               manage the investment process from start to finish,              for applications as diverse as ERP and financial             Index are now available. TSE plans to introduce a new
the efficiency of extracting liquidity while controlling                                                                                                                                    trading platform “Tdex+” based on LIFFE CONNECT®
                                                               from pre-trade analysis to post-trade consulting.               trading, across industries as diverse as retail,
market impact and maintaining anonymity. Our                                                                                                                                               this autumn along with a market making scheme to the
                                                               Clients access our global offering via REDIPlus and             manufacturing,     telecommunications, financial
trading solutions are engineered by the best in the                                                                                                                                        market. For more information, please visit our website
                                                               FIX, available for trading global equities, options,            services, and government.
industry, connecting you to our global depths of                                                                                                                                           http://www.tse.or.jp/english/index.html
                                                               futures, foreign exchange and swaps. Customers
liquidity with the expertise of Deutsche Bank Group                                                                            Progress Software provides innovative technologies
                                                               can seek liquidity using our suite of multi-asset
to help you manage it.                                                                                                         that deliver flexible application infrastructures,
                                                               algorithms, route to optimal destinations using                                                                                              www.ose.or.jp
                                                                                                                               extended visibility, real-time integrated data access
We call this Smarter Liquidity.                                SIGMA smart order router and take advantage of
                                                                                                                               and high-speed event processing.
http://www.db.com/japan/en                                     crossing opportunities in SIGMA X.



      Associate Partners

                           ICAP’s award-winning electronic                                       Morgan Stanley is                            Charles River Development provides                                       Nomura is a leading financial
                           EBS platform is the original and                                      a    leading    global                       software, hosting and data services to                                   services group and the
                           largest independent source of                                         financial services firm                        automate front and middle office investment   preeminent Asian-based investment bank with worldwide
liquidity in the global spot foreign exchange market and of    providing investment banking, securities, investment                           operations for buy-side firms. On-premise     reach. Nomura provides a broad range of innovative
authoritative real-time and historical FX market data.         management and wealth management services. The                                 software and SaaS solutions support          solutions tailored to the specific requirements of individual,
                                                               Firm’s employees serve clients worldwide including              portfolio management, compliance and risk monitoring,       institutional, corporate and government clients through
EBS provides impartial and effective access to global
                                                               corporations, governments, institutions and individuals         access to global liquidity, and trade processing. The       an international network in over 30 countries. Based in
markets for more than 2,800 professional spot FX,
                                                               from more than 1,300 offices in 42 countries.                    company has more than 300 clients in 38 countries in        Tokyo and with regional headquarters in Hong Kong,
precious metals and Non-Deliverable Forwards (NDFs)
                                                                                                                               the institutional asset and fund management, alternative    London, and New York, Nomura employs over 27,000
traders in over 50 countries around the world, offering        Morgan Stanley Electronic Trading (MSET) provides a
                                                                                                                               investments, wealth management, insurance, banking          staff worldwide. Nomura’s unique understanding of Asia
optimal price discovery and execution.                         complete spectrum of services from pre-trade analytics
                                                                                                                               and pension markets.                                        enables the company to make a difference for clients
                                                               and execution to post-trade execution performance
The EBS platform delivers orderly, transparent, efficient                                                                                                                                   through three business divisions: retail, wholesale (global
                                                               analysis and commission management. We offer a
and highly liquid trading opportunities and supports a wide                                                                                                                                markets, investment banking, and other wholesale),
                                                               comprehensive algorithmic trading suite and various
range of FX trading strategies. It facilitates both manual                                                                                                 Instinet Incorporated is an     and asset management. For further information about
                                                               direct market access (DMA) strategies, including our
and API trading for banks and non-bank professional                                                                                                        electronic trading pioneer,     Nomura, please visit www.nomura.com.
                                                               smart order routing technology and our dark liquidity pool
trading organisations.                                                                                                                                     having      established   the
                                                               aggregator. Whether you are connecting to us via a third-
                                                                                                                               world’s first major electronic trading venue in 1969, one
Customers access the EBS platform through the EBS              party order management system or using our Morgan
                                                                                                                               of the first recognized U.S. ECNs in 1997 and the first
Spot, EBS Spot Ai (API), EBS Prime and EBS Global              Stanley Passport execution management system, our
                                                                                                                               pan-European MTF in 2007. Through its subsidiaries and
Access (browser-based) services. www.icap.com/ebs              global product offering provides seamless access to                                                                                                Fidessa group supplies multi-
                                                                                                                               affiliates, Instinet operates two distinct business lines:
                                                               trade portfolios, single stocks, ETFs, options, futures,                                                                                           asset trading, portfolio analysis,
                                                                                                                               a global network of agency-only brokers that seek to
                                                               swaps, and foreign exchange. Our team is committed to                                                                                              compliance, market data and
                                                                                                                               help institutions lower overall trading costs and improve
                                    As one of the world’s      providing stellar trading solutions for the most demanding                                                                                         connectivity solutions for financial
                                                                                                                               investment performance through the use of innovative
                                    leading banks, Credit      specifications.                                                                                                              markets participants. Fidessa’s products are used by
                                                                                                                               electronic trading products, including smart-routing,
                                    Suisse provides its                                                                                                                                    over 85% of tier-one, global financial institutions, across
                                                               Morgan Stanley Electronic Trading (MSET)                        algorithms, DMA, dark pools and EMS platforms, and also
                                    clients with private                                                                                                                                   both the buy-side and sell-side. Fidessa’s network carries
                                                               +852 2848 8222                                                  provide sales trading, commission management services
banking, investment banking and asset management                                                                                                                                           $800 billion of flow a month between 2,400 buy-sides and
                                                               mset-fe@morganstanley.com                                       and independent research; and the Chi-X® Global
services worldwide. In its Investment Banking business,                                                                                                                                    600 brokers across more than 150 markets worldwide.
                                                                                                                               businesses, which aim to improve the efficiency of capital
Credit Suisse offers securities products and financial                                                                                                                                      Headquartered in London and with operations across
                                                                                                                               markets globally by providing high-performance, low-cost
advisory services to users and suppliers of capital around                                                                                                                                 Europe, North America, Asia and the Middle East, Fidessa
                                                                                                                               alternative execution venues and the technology required
the world. Operating in 57 locations across 30 countries,                                                                                                                                  supports over 26,000 users across 950 clients, serving
                                                                                                                               to power them. Instinet is a wholly-owned subsidiary of
Credit Suisse is active across the full spectrum of financial                                                                                                                               major investment banks and asset managers through to
                                                                                        Tora is the recognized leader in       Nomura Holdings, Inc. For more information, please visit
services products including debt and equity underwriting,                                                                                                                                  niche brokers and hedge funds. Fidessa group is listed on
                                                                                        Asia focused electronic trading        www.instinet.com.
sales and trading, mergers and acquisitions, investment                                                                                                                                    the London Stock Exchange.
research, and correspondent and prime brokerage                                         platforms and access to liquidity.
services.
Advanced Execution Services® (AES) is Credit Suisse’s
                                                               Tora has created a portfolio of products designed by
                                                               buy-side trading professionals with a specific focus on            Exhibition Floor Plan (Stands Available)
award-winning suite of algorithmic trading strategies,         the unique challenges that face traders in Asia. Tora
tools, and analytics for global trading across equities,       has simplified trading across the region by providing
options, futures and foreign exchange. With AES’s              the access, expertise and service necessary to enable                                                                               Conference Room
tools, traders can work orders on multiple liquidity pools,    superior trade execution. Tora offers a complementary
increase productivity by automating trading and improve        portfolio of technology, trading and liquidity solutions.
execution performance. For more information contact the        Each product has been designed and developed
AES sales desk on +813.4550.7331                               internally to be fully-integrated and provide clients with
                                                               a comprehensive trading solution. Tora’s products are                     LD
                                                               utilized by a wide range of institutional investors including         SO                   22                23                                              24               25
                                    Thomson Reuters is         mutual funds, hedge funds, and sell-side proprietary
                                    the world’s leading        trading desks across the region.
                                    source of intelligent
                                                               Tora’s products are provided via an application service                   LD
information for businesses and professionals. We
                                                               provider (ASP) model, and require no IT infrastructure                SO
combine industry expertise with innovative technology to
deliver critical information to leading decision makers in
                                                               or staff at the client site. The trading platform integrates                                    18                 LD             16                    LD
                                                               with a full complement of third-party and proprietary order                                                      SO                                 SO
the financial, legal, tax and accounting, healthcare and
science and media markets, powered by the world’s most
                                                               management, portfolio management, risk, accounting
                                                                                                                                     S OLD
                                                               and other back-office and compliance systems.
trusted news organization. With headquarters in New York
and major operations in London and Eagan, Minnesota,           Contact: Simon Coombes
Thomson Reuters employs 55,000 people and operates             Direct: +813-4550-2774
in over 100 countries. For more information, go to             Email: scoombes@toratrading.com
www.thomsonreuters.com


                                                                                                                                                                LD              12              13                     LD
                                                                                                                                                           SO                                                      SO
                                                                                                                                                                                                                                       LD
                                                                                                                                            OLD                                                                                   SO
                                                                                                                                          S
                                                                                                                                                                     PREMIUM EXHIBITION
                                                                                                                                                                                                                                     2
                                                                                                                                            OLD                                  Star Ballroom
                                                                                                                                          S

                                                                                                                                                                             REFRESHMENTS                                              LD
                                                                                                                                              LD                                                                                  SO
                                                                                                                                          SO

                                                                                                                                                           LD               6                 LD                  LD
                                                                                                                                                       SO                                  SO                 SO

                                                                                                                                          Reference:           Exhibition Booth




     Media Partners

Official Business Newspaper




          T: +65 6408 9203                               F: +65 6822 7370                             E: wbrinfo@wbresearch.com                                           W: www.tradetechjapan.com
Registration Package
Please fax completed form to Worldwide Business Research, Marketing at +65 6822 7370

                                                                                                                                                                                                                           ...the one with the buy side




                                                  The Westin Tokyo                                                                                                             5 EASY WAYS TO REGISTER
     Venue information                            1-4-1 Mita, Meguro-ku Tokyo, Tokyo 153-8580 Japan
                                                  Phone: +81 3 5423 7000     Fax: +81 3 5423 7600                                                                      ✓ Call +65 6408 9203
                                                                                                                                                                       ✓ Visit www.tradetechjapan.com
                                                                                                                                                                       ✓ Email wbrinfo@wbresearch.com
                                   PLEASE PHOTOCOPY THIS FORM FOR MULTIPLE REGISTRATIONS
                                                                                                                                                                       ✓ Fax your completed registration form
                    BOOKING CODE: 16886.003 SS                                                                                                                           to +65 6822 7370
                                                                                                                                                                       ✓ Mail your registration form and
                                                                                                                                                                         payment details to:
                                                                                                                                                                         TradeTech Japan 2011
                                                                                                                                                                         Worldwide Business Research
                                                                                                                                                                         61 Robinson Road, 08-01
                                                                                                                                                                         Robinson Centre, Singapore 068993



                                                                                                                           BUY SIDE

                                                                                                                                    FREE* for the first 100 registrations
       Main Conference (7-8 June)
                                                                                                     Once FREE Buy Side passes are finished, there is charge of US$995 to register
* Free for trading and technology related job functions only.
Conditions for complimentary VIP buy side ticket applicants
Please note: Your VIP registration is on a complimentary basis. The organisers reserve the right to refuse complimentary entry to non-qualifying buy side companies. A “non attendance” fee of US$500 applies should you fail to attend the event and do not
notify us prior to 48 hours before the event. This fee covers the cost of conference delegate materials, food and beverage that incurs as a direct result of you not attending the event and the opportunity cost of allocating your guest place to someone else.
You may nominate a replacement colleague to attend on your behalf at no extra cost.
Complimentary bookings will not be processed without credit card details. We will NOT charge your credit card if you, or a mutually agreed colleague, attend the conference.



                     NON BUY SIDE                                             Book & pay by 15 April 2011                                               Book & pay by 13 May 2011                                                   Standard Price

        Main Conference (7-8 June)                                                                   US$2500                                                                  US$2800                                                         US$3300


                                                          DELEGATE DETAILS                                                                                                                    CREDIT CARD DETAILS
                                                                                                                                                                  Credit Card Type
YES! I wish to register for TradeTech Japan 2011
                                                                                                                                                                      MASTERCARD                      AMERICAN EXPRESS                               VISA
Surname (Mr/Mrs/Ms):
                                                                                                                                                                  Card No:
Name:
                                                                                                                                                                  Expiry Date:                       Security Code:
Job Title:                                                                     Department:
                                                                                                                                                                  Name of Cardholder:
E-mail:

                                                                                                                                                                  Cardholder’s Signature: (Signature is mandatory)
Registration Contact:
                                                                                                                                                                  NOTE: Payment by credit card will incur 3% service charge.
Company:
                                                                                                                                                                                                   PAYMENT DETAILS
Address:                                                                                                                                                          FULL PAYMENT must be received prior to the conference.
                                                                                                                                                                  Please complete as applicable
                                                                                                                                                                      I will be paying by credit card. See the details above.
Post Code:                                                                     Country:                                                                               I will be sending a bank transfer to
                                                                                                                                                                  Account Name :           WBR Singapore Pte Ltd
Telephone:                                                                     Fax:
                                                                                                                                                                  Bank Name :              HSBC
Approving Manager:                                                                                                                                                Address :                HSBC Commercial Banking
                                                                                                                                                                                           21 Collyer Quay HSBC Building
HR/Training Manager:                                                                                                                                                                       #08-00, Singapore 049320
                                                                                                                                                                  Account Number : 260 361 399 178
Approving Manager’s E-mail:
                                                                                                                                                                  Swift Code :             HSBCSGSG
Signature:
                                                                                                                                                                     I enclose a cheque payable to WBR Singapore Pte Ltd
                                                                                                                                                                     (Cheque accepted if drawn on a Singapore bank)

I agree to WBR’s Terms & Conditions: (Signature is mandatory)                                                                                                     Please fax confirmation of the bank transfer to +65 6822 7370, quoting delegate’s
                                                                                                                                                                  name and booking code as your reference on both fax and bank transfer.


                                                                   WBR LTD CANCELLATION, POSTPONEMENT AND SUBSTITUTION POLICY
    WBR Singapore Cancellation, Postponement and Substitution Policy: You may substitute delegates at any time. WBR Singapore does not provide refunds for cancellations. For cancellations received in writing more than seven (7) days prior to the
    conference you will receive a 100% credit to be used at another WBR Singapore conference for up to one year from the issuance date. For cancellations received less than seven (7) days prior to the conference no credits will be issued. In the event
    that WBR Singapore cancels an event, delegate payments at the date of cancellation will be credited to a future WBR Singapore event. This credit will be available for up to fifteen months from the date of issuance. In the event that WBR Singapore
    postpones an event, delegate payments at the postponement date will be credited towards the rescheduled date. If the delegate is unable to attend the rescheduled event, the delegate will receive a 100% credit representing payments made towards
    a future WBR Singapore event. This credit will be available for up to fifteen months from the date of issuance. No refunds will be available for cancellations or postponements. WBR Singapore is not responsible for any loss or damage as a result
    of a substitution, alteration, cancellation, or postponement of an event. WBR Singapore shall assume no liability whatsoever if this event is altered, rescheduled, postponed or cancelled due to a fortuitous event, unforeseen occurrence or any other
    event that renders performance of this conference inadvisable, illegal, impracticable or impossible. For purposes of this clause, a fortuitous event shall include, but shall not be limited to: an Act of God; governmental restrictions and/or regulations;
    war or apparent act of war; terrorism or apparent act of terrorism; disaster; civil disorder, disturbance, and/or riots; curtailment, suspension, and/or restriction on transportation facilities/means of transportation; or any other emergency. Please note that
    speakers and topics were confirmed at the time of publishing, however, circumstances beyond the control of the organisers may necessitate substitutions, alterations or cancellations of the speakers and/or topics. As such, WBR Singapore reserves
    the right to alter or modify the advertised speakers and/or topics if necessary. Any substitutions or alterations will be updated on our web page.


If you are receiving duplicate mailings or would like to change any details, or remove your name from our database, please fax this form to the attention of our marketing department with your amended details
to +65 6822 7370. Amendments will take up to 2 weeks. We thank you for your patience.

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TradeTech Japan 2011 Program

  • 1. bu y O as si ve of de r 1 7-8 June 2011 M at 0 ar te 0 The Westin Tokyo, Japan ch n 20 de 11 es www.tradetechjapan.com Leveraging Japanese fragmentation and trading system upgrades to maximize domestic trading ...the one with the buy side opportunities As we were going to press, the devastating earthquake and tsunami hit Japan. The entire team at WBR express our sincere sympathy and support for the people of Japan and will be contributing a portion of TradeTech Japan’s revenue to Japan’s recovery and rebuilding operations. DOMESTIC BUY SIDE TRADERS EXCHANGE AND PTS REPRESENTATIVES Shunsuke Nishino Takashi Nakamura Yusuke Sakai Takashi Hiratsuka Yoshinori Suzuki Tal Cohen Yoichi Ishikawa General Manager, Head of Trading Head of Trading Chief Trader - Asset Managing Director CEO Executive Officer Head of Trading TOKIO MARINE T&D ASSET Management Division & CIO CHI-X GLOBAL KABU.COM DAIWA SB ASSET MANAGEMENT RESONA BANK TOKYO STOCK INVESTMENTS MANAGEMENT EXCHANGE INDUSTRY EXPERTS JAPANESE HEDGE FUND MANAGERS Tomio Sumiyoshi Jun Uno Neil Katkov Sadakazu Osaki Shinichiro Shiraki Shinichiro Nagai Goro Ohwada Representative and Professor and Director Senior Vice President, Head of Research Chairman & Director Senior Manager - President & CEO Managing Director WASEDA UNIVERSITY Head of Asia Center for Knowledge MONEX Investment Group AINO INVESTMENT GREENWICH GRADUATE SCHOOL CELENT Exchange & Creation ALTERNATIVE GCI ASSET CORPORATION ASSOCIATES JAPAN OF FINANCE, (a part of Oliver Wyman) NOMURA RESEARCH INVESTMENTS MANAGEMENT ACCOUNTING AND INSTITUTE LAW INTERNATIONAL EXPERTS LEADING SELL SIDE John Fildes Philip York John Lim Kim Man Li Naoki Kamiyama Zach Tuckwell Strategic Director CEO Trader Head of Asia Electronic Chief Equity Strategist, Managing Director GETCO EMPYREAL PRUDENTIAL ASSET Trading Sales Japan MORGAN STANLEY INVESTMENTS MANAGEMENT GOLDMAN SACHS DEUTSCHE GROUP SECURITIES Principal Partner Strategic Partners Exchange Partners HIGHLIGHTS FOR 2011 ✦ Complete coverage of the latest PTS developments with C-level representatives from all of the major trading venues speaking at the event ✦ Arrowhead a year on: Tokyo Stock Exchange share their Associate Partners experiences of Arrowhead’s launch year and plans for the future ✦ More domestic Japanese buy side traders speaking than ever before ✦ Dedicated section giving complete coverage of High Frequency Trading in Japan ✦ Top level panel sessions on Smart Order Routing, Dark Pools, Transaction Cost Analysis, Commission Sharing Agreements and more T: +65 6408 9203 F: +65 6822 7370 E: wbrinfo@wbresearch.com W: www.tradetechjapan.com
  • 2. BIGGER and BETTER... ...the one with the buy side th TradeTech Japan is back for its 5 year and once again brings you the most important content and most influential speakers from the Japanese trading community. Held on 7-8 June in Tokyo, the packed agenda will cover crucial topics in one of the world’s largest equities markets. With huge developments underway in market fragmentation and the high frequency trading space, now more than ever, it is crucial that you stay up-to-date with the changes in order to position yourself for the new opportunities that are arising. Buy side, buy side, buy side: Who was in the room at TradeTech events are known throughout the world as the TradeTech Japan 2010 and who only ones that bring the buy side community together. No other conference can guarantee that over 50% of the you can expect to meet in 2011… audience will consist of senior traders and decision makers from institutional investors, asset managers and hedge Buy-side - Long Only funds. Last year we had over 175+ influential buy side and Asset Management 25% are confident of even more in 2011. Buy-side - Hedge Funds and Fund of Funds 13% Other 4% Buy-side - High Frequency Traders/ Over 100 buy side attendees confirmed Consultants 1% Prop Traders 3% as of March 2011 including senior representatives from: Clearing Buy-side - Investment ✦ 21st Century Asset Management Houses 1% Dept. of Japanese Banks 2% ✦ 8 Peak Capital Central Banks 1% ✦ ACA Global Regulators 1% Brokers 25% ✦ Allen Investment Advisors ✦ APS Asset Management Vendors 19% Exchanges / PTSs 5% ✦ Asahi Life Asset Management Buy-side - Long Only Asset Management 25% ✦ ASTMAX Investment Buy-side - Hedge Funds and Fund of Funds 13% ✦ AXA Rosenberg Investment Management Buy-side - High Frequency Traders/Prop Traders 3% ✦ Bank of Japan Buy-side - Investment Dept. of Japanese Banks 2% Brokers 25% ✦ BlackRock Japan Exchanges / PTSs 5% ✦ BNP Paribas Investment Partners Vendors 19% ✦ BNY Mellon Asset Management Japan Regulators 1% ✦ Bridge Capital Central Banks 1% Clearing Houses 1% ✦ Chuo Mitsui Asset Trust & Banking Consultants 1% ✦ Daiwa Asset Management Other 4% ✦ Daiwa SB Investments ✦ Gartmore Japan ✦ Government Pension Investment Fund ✦ Horizon Asset International Japan 81% ✦ ING Mutual Funds Management ✦ JP Morgan Asset Management ✦ Mitsubishi UFJ Asset Management ✦ Nikko Asset Management ✦ Nissay Asset Management ✦ Nomura Asset Management Europe 2% Hong Kong 7% ✦ Phillip Financials United States 2% Singapore 4% ✦ Rheos Capital Works Australia 2% ✦ Sparx Asset Management Rest of Asia 2% ✦ Stat Arb Japan 81% ✦ State Street Global Markets Hong Kong 7% ✦ Sumisho ElecTrade Singapore 4% Australia 2% ✦ Sumitomo Mitsui Asset Management Rest of Asia 2% ✦ T & D Asset Management United States 2% ✦ Trading Central Europe 2% T: +65 6408 9203 F: +65 6822 7370 E: wbrinfo@wbresearch.com W: www.tradetechjapan.com
  • 3. Seminars and panels were timely and relevant to current market conditions, even gave some insights on the near future of Japanese markets. Over the years, I have noticed an increasing number of buy side representatives, especially Head of Trading from the domestic side, showing their awareness to collect market information by y ...the one with the buy side attending the event. Spyridon Mentzas, Electronic Trading Development Consultant MIZUHO SECURITIES Good mix of buy and sell side participants all gathered for the betterment of the industry Mac Barry Senior Vice President, Head of Trading in Asia Yoshinori Suzuki, Managing Director & Chief LAZARD ASSET The Robot Man – Fresh from appearing Information Officer, Tokyo Stock Exchange MANAGEMENT in a Bruce Willis movie, Professor Hiroshi updates delegates on Arrowhead Ishiguro was a big hit with delegates Provided a thorough overview and understanding of trading and technology in Japanese markets Giovanni Beliosi Chief Executive Officer Our conference was packed with many senior buy side trading luminaries FGS CAPITAL Unwinding with a few drinks after the conference Our algo trading panel proved to be very popular with the delegates Being new to the Asian financial landscape, An excellent combination TradeTech Japan was a very informative of thought-provoking and view of the current state of technology informative discussions side- in the evolving Japanese market, not by-side with an excellent only from the presentations and panel networking opportunity. The discussions, but also from conversations Japan focus was both insightful held with peers in the industry. and encouraging – whilst the economy generally does not Eric Elvambuena, Senior Engineer attract the headlines as do the Sealing a deal EAGLE 7 TRADING other more aggressive centers within Asia, Japan is clearly making significant advances and continues to justify its position as the largest financial market in APAC. Colin Silvester Country Manager Japan IPC Our exhibition saw a record number of 375 attendees flocked to TradeTech Japan 29 sponsors in 2010 over the course of the 2 days T: +65 6408 9203 F: +65 6822 7370 E: wbrinfo@wbresearch.com W: www.tradetechjapan.com
  • 4. CONFERENCE DAY ONE • 7 June 2011, Tuesday 08.00 Registration and morning coffee and opportunity to view exhibition 10.30 Morning coffee and opportunity to view exhibition 08.50 Chair’s opening remarks 11.10 Performance of algorithmic trading and Japanese market themes - Analysis of Deutsche Bank’s recent studies into the Japanese algorithmic 09.00 Arrowhead one year on: How has the dynamic new trading system affected the trading market Japanese market and what can traders expect to come - Understanding how best algos can be implemented in different market conditions Hailed as the answer to Japan’s previously slow and inefficient trading system, Naoki Kamiyama, Chief Equity Strategist, Japan, DEUTSCHE SECURITIES Arrowhead has proved a huge success, increasing speed and volumes whilst tightening spreads. Here, Tokyo Stock Exchange explain their experiences of running 11.40 The role of algorithmic trading in Japan: Strategies, players and results the cutting edge system and what other initiatives we can expect as the exchange The role of algo trading is growing steadily with the introduction of Arrowhead. This continues to prove itself as a dominant trading hub in Asia PANEL DISCUSSION panel brings together a range of experts to address the development and discuss how - Arrowhead one year on – What lessons have we learnt? traders can maximize the benefits of technology and smart programming to gain profit - How will the TSE continue to compete against the other regional exchanges? from the markets - How will the TSE respond to the continuing growth of PTS venues? - Market overview on the scale of algo trading in Japan and future projections for Yoshinori Suzuki, Managing Director & CIO, TOKYO STOCK EXCHANGE its growth - Understanding the players: Are domestic players catching up with overseas 09.30 Understanding the fragmentation of the Japanese market and exploiting traders when using algos to trade Japan or is the vast majority of trading still trading opportunities from outside Japan? PANEL With the overall trading volumes estimated at 1% of the daily TSE amount (Feb 2011), - Analyzing how well algos adapt to market conditions under the new DISCUSSION PTSs are slowly, but surely, announcing themselves to the Japanese market. This Arrowhead system panel examines their growth, the pros and cons of each and discusses whether we will - Will the new trading landscape allow for the doubling of algo trading as predicted ever see the 30-40% volumes as in the US and Europe by Celent - Understanding the role of the PTS in the Japanese market – Volumes, prices, Moderator: Neil Katkov, Senior Vice President, Head of Asia, CELENT (a part of liquidity, risk and spreads Oliver Wyman) - How does the TSE view the competition – Should they simply decrease tick size to Takashi Hiratsuka, Chief Trader - Asset Management Division, RESONA BANK take out PTSs competitive advantage? Zach Tuckwell, Managing Director, MORGAN STANLEY - Is a MiFID style regulation required for PTS to really take off in Japan and in Asia generally? Kazu Ooki, Head of Sales Japan, ICAP ELECTRONIC BROKING Isao Hasegawa, Director, Equities, TOKYO STOCK EXCHANGE 12.30 Lunch and opportunity to view exhibition Tal Cohen, CEO, CHI-X GLOBAL Kotaro Yamazawa, Senior Executive Director & J-GATE Project Owner OSAKA SECURITIES EXCHANGE Yoichi Ishikawa, Executive Officer, KABU.COM Masami Hatakeyama, Co-CEO, SBI JAPANNEXT Shunsuke Nishino, General Manager, Head of Trading, DAIWA SB INVESTMENTS Robert Dykes, CEO, TORA TRADING STREAM A: PLENARY STREAM STREAM B 14.00 Chair’s opening remarks Chair’s opening remarks 14.10 Delivering next generation algorithmic strategies to grasp increasingly complex Overview of the changing derivatives market and what this means for trading opportunities buy side traders With fragmentation increasing in Asia, and particularly in Japan, the development of With the OSE recently launching their J-GATE system and the TSE looking to advanced algorithmic strategies able to adapt and profit from changing market conditions increase competition with improvements to their T-Dex+ systems, it is clear that is crucial. This session delivers a case study in what the buy side should be looking for and the high frequency race is now on for different asset classes. How will this and what is needed to create robust and efficient algorithms other changes affect the role of the traditional equity trader? - Building flexibility to ensure your algo can adapt to changing market conditions - An overview from the exchanges on recent developments and future plans - Best usage and analysis of market reference data to ensure you read the market correctly - Understanding the role of derivatives in managing risk - Predicting the next generation of algos Akira Tagaya, Sales Director, Derivatives, TOKYO STOCK EXCHANGE Takashi Hiratsuka, Chief Trader - Asset Management Division, RESONA BANK Kotaro Yamazawa, Senior Executive Director & J-GATE Project Owner OSAKA SECURITIES EXCHANGE Using cutting edge technology to gain a trading edge PANEL Examining the state of the Japanese hedge fund industry and DISCUSSION PANEL Trading and technology have never been so closely linked, with your systems speed and future outlook DISCUSSION accuracy crucial to your success. This panel covers the very latest developments and how More investors are moving away from traditional domestic equities based you can use technology to give yourself an edge. investments in favor of alternative products and strategies. This panel brings - Integrating cutting edge new products with legacy systems together some of the leaders in the Japanese hedge funds field to discuss their - Assessing whether to build or buy and implications for both outlooks for the industry - Understanding the limits of your capabilities in the arms race to zero latency Moderator: Stefan Nilsson, President, TOKYO HEDGE FUNDS CLUB - Using cloud technology for efficient resourcing John Inamine, Head of Alternative Investment Strategies, SPARX - Assessing at what point your technology spend stops delivering ROI Shinichiro Shiraki, Chairman & Director, MONEX ALTERNATIVE INVESTMENTS Moderator: Neil Katkov, Senior Vice President, Head of Asia, CELENT (a part of Oliver Wyman) Shinichiro Nagai, Senior Manager – Investment Group, GCI ASSET Mike Powell, Global Head of Enterprise Real-Time Solutions, THOMSON REUTERS MANAGEMENT Kelvin Chiu, Co-CTO, SBI JAPANNEXT Goro Ohwada, President & CEO, AINO INVESTMENT CORPORATION 15.30 Afternoon coffee and opportunity to view exhibition 16.00 Be first, be fast, be safe HEADS OF TRADING, BUY SIDE SUMMIT Whether you’re buy side or sell side, three things are now critical to run an effective algorithmic trading environment: productivity, speed and oversight. Changes in algorithmic Japanese Speaking buy side Heads of Trading roundtable participants include: trading technology are driven now more than ever by changes in regulation. Drawing on Takashi Nakamura, Head of Trading, TOKIO MARINE ASSET MANAGEMENT global trends and experiences gained from customer deployments worldwide, this talk will Sachiko Kozakura, Head of Tokyo Dealing Desk, BNP INVESTMENT PARTNERS describe best practices to use when building, buying or using an algorithmic trading system. Hiroyuki Yamaoka, Head of Trading, NISSAY ASSET MANAGEMENT Further, the talk will discuss new surveillance requirements to suit current and future trading Greg Atkinson, Global Head of Trading, NIKKO ASSET MANAGEMENT environments, in response to regulatory change. Sho Osanai, Senior Dealer, GARTMORE INVESTMENT JAPAN Giles Nelson, Deputy CTO, PROGRESS SOFTWARE 16.30 Understanding the role of dark pools in the fragmenting trading marketplace Dark pools are proving a venue of choice amongst international buy side firms keen to PANEL DISCUSSION ensure that large block trades do not affect market prices before completion. However, they are not short of controversy with new rules being considered in the US and Europe. With fragmentation continuing in Japan the role of unlit venues is still unclear and this panel will discuss how the experts see their development. Download free whitepapers, speaker - To what extent have dark pools taken off in Japan? interviews, industry updates and more - As an effective way to lessen market impact, are dark pools in fact increasing overall equity trading informative materials at liquidity in the Japanese and Asian markets? - Should the buy side be able to request other participants be excluded to avoid gaming? www.wbresearch.com/tradetechjapan/ - How has the emergence of the HFT trader changed the dynamics within a dark pool? Content_downloads.aspx Yoshitaka Yamada, Head of Trading, SUMITOMO MITSUI ASSET MANAGEMENT Yusuke Sakai, Head of Trading, T&D ASSET MANAGEMENT Ross Whittaker, VP, AES Japan, CREDIT SUISSE Follow us on twitter and receive instant conference and industry updates - 17.20 Chair’s closing remarks http://twitter.com/TradeTech_Japan 17.30 TradeTech Japan 2011 cocktail reception 19.00 End of day one T: +65 6408 9203 F: +65 6822 7370 E: wbrinfo@wbresearch.com W: www.tradetechjapan.com
  • 5. FREE registration for the buy side! Contact wbrinfo@wbresearch.com for more information ...the one with the buy side 5 years track record 200+ buy side delegates SAVE up to US$800 20+ sessions 400+ attendees when you register early! See booking form for more details 40+ speakers 2 packed days 8 hours networking CONFERENCE DAY TWO • 8 June 2011, Wednesday 08.00 Registration and morning coffee and opportunity to view exhibition 12.40 Lunch and opportunity to view exhibition 08.50 Chair’s opening remarks 14.00 Trading desk infrastructure: What do domestic buy side look for? PANEL - What stops domestic buy side from enhancing their trading desk: Cost, 09.00 Greenwich Associates 2011 report on Japanese equities market DISCUSSION implementation or information? The commissions paid for Japanese equity trades fell 20% year-on-year in 2010, - What are the main challenges and motivations of domestic buy side when it comes mainly due to a growth in electronic trading and a broadening of portfolios by domestic to using new technology? Japanese institutions. Here Greenwich Associates share the reasons for this and other - What does the buy side want from an OMS/EMS? findings from their recent report into Japan equity markets Yasuaki Sumimoto, General Manager, Trading Division, MUFJ ASSET MANAGEMENT - Analysing domestic appetite for Japanese stocks – Past, present and future Kenichi Shikano, Senior Trader, CHUO MITSUI TRUST AND BANKING - Understanding why institutional Japanese equities trading is slowing and what this means for buy and sell side Masaya Fujii, Senior IT Manager, NOMURA ASSET MANAGEMENT - Predictions for an increase in low-touch trading methods and what brokers need to do to stay competitive 14.50 Evaluating how the growth of HFT will affect the trading landscape in Japan The High Frequency Trading trend has swept across Asian markets at an amazing Tomio Sumiyoshi, Representative and Managing Director rate recently, and our afternoon sessions look at the huge developments from different GREENWICH ASSOCIATES JAPAN K.K. angles to help you understand what HFT is, if you should use it, and what it means for the market as a whole. In the first of three sessions, Professor Uno gives us a detailed 09.30 Regulatory overview of the trading landscape in Japan overview of the HFT story in Japan With new trading options opening up and the growth of algo and HFT trading, Japan - Assessing the appetite for High Frequency Trading amongst Japan’s asset managers is catching up with the Western world as far as trading opportunities are concerned. - Predicting the growth of the strategy over the next 5 years However, the new opportunities bring challenges, not least regulatory ones and with - Evaluating the effect that HFT will have on overall market volatility the political instability it can be hard to predict upcoming legislation. Here a leading - Comparing the Japan outlook to that in Europe and US regulatory expert addresses some of the major considerations and likely future developments shaping the Japanese trading landscape Jun Uno, Professor and Director - Historical development in Japanese market regulation WASEDA UNIVERSITY GRADUATE SCHOOL OF FINANCE, ACCOUNTING - Understanding the development of PTSs and what regulation is likely to follow AND LAW - Taking the lead from the US and Europe and applying RegNMS and MiFID Committee Member principles to the unique Japanese market GOVERNMENT PENSION INVESTMENT FUND Sadakazu Osaki, Head of Research Center for Knowledge Exchange & Creation, 15.40 Afternoon refreshment & networking break NOMURA RESEARCH INSTITUTE 16.10 Debunking the myths about High Frequency Trading 10.00 Recent developments in academic research on execution strategies and GETCO is a registered market maker which provides continuous two-sided markets, transaction costs: A Bank of Japan case study by posting both buy and sell orders, in thousands of securities on major exchanges CASE STUDY Bringing together detailed research from a range of sources, this session from the Bank around the world. Here they address some common misconceptions about what high of Japan explores the overall development in trading transactions, analyzing speed frequency actually means and price. Different models are covered and SOR will be looked at in order to help you - High Frequency Trading is a timeframe, not a strategy achieve best execution in your trades. - Market making and high volume liquidity provision - Theoretical models and empirical analyses on efficient algorithms for block - Market microstructure and its implications in Japan order executions - Academic models of HFT strategies John Fildes, Strategic Director, GETCO - Smart order routing algorithms in the presence of hidden liquidity - An economic model of inter-market competition 16.40 To what extent will the High Frequency Trading growth affect equity markets in Japan Yoshihiko Sugihara, Deputy Director and Economist PANEL Having heard two opinions of what HFT is and how it is developing in Japan, this panel INSTITUTE FOR MONETARY AND ECONOMIC STUDIES, BANK OF JAPAN DISCUSSION gives you the opportunity to hear from all sides of the story and question the experts on how its development will affect you 10.30 Morning coffee and opportunity to view exhibition - Understanding the requirements of your trading system and matching them to your high frequency ambitions 11.00 Utilizing efficient Transaction Cost Analysis (TCA) to understand and improve - Assessing whether HFT is for you: At what point does the cost of faster trading your execution prices outweigh the benefit gained? PANEL DISCUSSION - Understanding where trades were matched in the fragmented market and whether they achieved best execution Moderator: Hiroshi Matsubara, Marketing Director, Japan, FIDESSA - What should the buy side demand from their brokers in analysis John Fildes, Strategic Director, GETCO - Are TCA results provided by the sell side entirely accurate when demonstrating best Jun Uno, Professor and Director price matching? WASEDA UNIVERSITY GRADUATE SCHOOL OF FINANCE, ACCOUNTING Takashi Nakamura, Head of Trading, TOKIO MARINE ASSET MANAGEMENT AND LAW John Lim, Trader, PRUDENTIAL ASSET MANAGEMENT Committee Member GOVERNMENT PENSION INVESTMENT FUNDS Kim Man Li, Head of Asia Electronic Trading Sales, GOLDMAN SACHS Philip York, CEO, EMPYREAL INVESTMENTS GROUP 11.50 What will the role of Commission Sharing Agreements (CSAs) take in the Japanese equity market 17.30 Chairman’s closing remarks PANEL Unbundling of research and execution services provided by brokers is now widespread DISCUSSION 17.40 Close of conference in Western markets and is a valuable tool for minimizing costs. With more demand and discussion in Asia for the practice, and the emergence of bodies like the Asian Association of Independent Research Providers (AsiaIRP) in the region will we now see similar moves come to Japan? - Assessing buy side appetite for separate research and executions expertise TradeTech Japan is the first tradi - Overcoming parliamentary and industry challenges preventing the development of ng conference after the unbundling in Japan launch of TSE’s Arrowhead. A grea - Case studies of working practices from other equity markets t opportunity for industry participants to review progress/issu Moderator: Joji Watanabe. Managing Director, INSTINET es and share ideas. Kenichi Shikano, Senior Trader, CHUO MITSUI TRUST AND BANKING Christina Makiguchi Director, Head of AES Japan CREDIT SUISSE T: +65 6408 9203 F: +65 6822 7370 E: wbrinfo@wbresearch.com W: www.tradetechjapan.com
  • 6. WHY SHOULD YOU SPONSOR SPONSORSHIP AND EXHIBITION TRADETECH JAPAN? OPPORTUNITIES AT TRADETECH JAPAN 2011 Because this is how you can engage with your entire client base Worldwide Business Research’s commercial team is experienced at in a face-to-face forum, demonstrating product expertise and helping you meet your sales & marketing needs. In fact, it is our full knowledge, all in two-days and in one place! time job! ✦ Participate in the only event that brings the Japanese buy side Benefits on being a commercial partner of TradeTech Japan community together 2011 include: Lead generation to accelerate your sales cycle ✦ Network with over 200 buy side traders, IT heads and budget Building loyalty with your clients to consolidate your market position holders Differentiating your company from other vendors for competitive advantage Raising awareness and reminding the market that you are an ✦ Position yourself as a thought-leader by addressing crucial essential partner to the industry issues and demonstrating innovative solutions to your target Demonstrating of your strength in uncertain times to grow your audience market share ✦ Learn what your clients want and adapt your offerings Our sponsors and exhibitors choose us because we help accordingly them to: Keep their brand front of mind, keeping their solution on the buyers ✦ Create and reinforce brand awareness to keep yourself front short list of mind with the industry decision makers Maximise their sales teams’ time by providing direct face to face access to the industries decision makers, whilst they are problem ✦ Drive new business by interacting with your client base in a solving one-to-one and personal environment Test drive new products and make certain they will go to market successfully Showcase their solution and run product demos to drive demand ✦ Place yourself at the front of the queue when your clients are Generate qualified leads and sales meetings making purchasing decisions when upgrading their trading technology and systems Your next step is to contact our commercial team to consult on the best way to achieve your specific business goals. We can then recommend a course of action for you to make an informed business decision. Our Business Development team are waiting to take your call! Call Paul Meredith on +65 6408 9208 Stand-out from the crowd Expand your network Showcase your expertise paul.meredith@wbresearch.com Call Joe Lanjri on +65 6408 9232 joe.lanjri@wbresearch.com Send personalized Seal those deals invitations Your logo HERE! T: +65 6408 9203 F: +65 6822 7370 E: wbrinfo@wbresearch.com W: www.tradetechjapan.com
  • 7. Principal Partner Strategic Partners Exchange Partners Deutsche Bank The Goldman Sachs Group, Progress Software Tokyo Stock Exchange, Inc. (TSE) is Group is a major Inc. is a leading global financial Corporation (NASDAQ: one of the leading global exchanges and the largest securities market player in the services firm providing investment PRGS) provides in the Asia-Pacific region. TSE has global equity banking, securities, and investment application infrastructure been greatly diversifying its product markets, delivering management to a substantial and software for the development, deployment, range: not only offering over 2,000 listed companies, innovative trading diversified client base that includes corporations, integration and management of business but also a derivatives market which is now home to both solutions across a diverse client base. The platform financial institutions, governments and high-net- applications. We strive to increase your business’ bond and equity-based products. In addition to TOPIX, provides access to a global network of execution worth individuals. Founded in 1869, the firm is effectiveness by offering you the most effective and the most popular index for Japanese stocks, widely used and high-touch services, establishing a gateway head quartered in New York and maintains offices open set of infrastructure products possible. as a benchmark among domestic and foreign investors, for idea generation and cross-border expertise. In a in London, Frankfurt, Tokyo, Hong Kong, Singapore and JGB futures, TSE has launched mini-sized TOPIX Progress products and technology are used by and JGB futures. TOPIX futures became a global brand world of increasingly complex and rapidly evolving and other financial centres around the world. nearly 140,000 organizations in more than 180 last October with their listing on NYSE Liffe and they electronic markets, you need a partner with cutting Goldman Sachs Electronic Trading provides clients countries, including 70% of the Fortune 100. are available around the clock. Also futures on TOPIX edge technology and global access to the best with the necessary execution tools and services to Progress technology provides the infrastructure Core30, TSE REIT index and Nikkei 225 Dividend Point pools of liquidity. Your executions need to balance manage the investment process from start to finish, for applications as diverse as ERP and financial Index are now available. TSE plans to introduce a new the efficiency of extracting liquidity while controlling trading platform “Tdex+” based on LIFFE CONNECT® from pre-trade analysis to post-trade consulting. trading, across industries as diverse as retail, market impact and maintaining anonymity. Our this autumn along with a market making scheme to the Clients access our global offering via REDIPlus and manufacturing, telecommunications, financial trading solutions are engineered by the best in the market. For more information, please visit our website FIX, available for trading global equities, options, services, and government. industry, connecting you to our global depths of http://www.tse.or.jp/english/index.html futures, foreign exchange and swaps. Customers liquidity with the expertise of Deutsche Bank Group Progress Software provides innovative technologies can seek liquidity using our suite of multi-asset to help you manage it. that deliver flexible application infrastructures, algorithms, route to optimal destinations using www.ose.or.jp extended visibility, real-time integrated data access We call this Smarter Liquidity. SIGMA smart order router and take advantage of and high-speed event processing. http://www.db.com/japan/en crossing opportunities in SIGMA X. Associate Partners ICAP’s award-winning electronic Morgan Stanley is Charles River Development provides Nomura is a leading financial EBS platform is the original and a leading global software, hosting and data services to services group and the largest independent source of financial services firm automate front and middle office investment preeminent Asian-based investment bank with worldwide liquidity in the global spot foreign exchange market and of providing investment banking, securities, investment operations for buy-side firms. On-premise reach. Nomura provides a broad range of innovative authoritative real-time and historical FX market data. management and wealth management services. The software and SaaS solutions support solutions tailored to the specific requirements of individual, Firm’s employees serve clients worldwide including portfolio management, compliance and risk monitoring, institutional, corporate and government clients through EBS provides impartial and effective access to global corporations, governments, institutions and individuals access to global liquidity, and trade processing. The an international network in over 30 countries. Based in markets for more than 2,800 professional spot FX, from more than 1,300 offices in 42 countries. company has more than 300 clients in 38 countries in Tokyo and with regional headquarters in Hong Kong, precious metals and Non-Deliverable Forwards (NDFs) the institutional asset and fund management, alternative London, and New York, Nomura employs over 27,000 traders in over 50 countries around the world, offering Morgan Stanley Electronic Trading (MSET) provides a investments, wealth management, insurance, banking staff worldwide. Nomura’s unique understanding of Asia optimal price discovery and execution. complete spectrum of services from pre-trade analytics and pension markets. enables the company to make a difference for clients and execution to post-trade execution performance The EBS platform delivers orderly, transparent, efficient through three business divisions: retail, wholesale (global analysis and commission management. We offer a and highly liquid trading opportunities and supports a wide markets, investment banking, and other wholesale), comprehensive algorithmic trading suite and various range of FX trading strategies. It facilitates both manual Instinet Incorporated is an and asset management. For further information about direct market access (DMA) strategies, including our and API trading for banks and non-bank professional electronic trading pioneer, Nomura, please visit www.nomura.com. smart order routing technology and our dark liquidity pool trading organisations. having established the aggregator. Whether you are connecting to us via a third- world’s first major electronic trading venue in 1969, one Customers access the EBS platform through the EBS party order management system or using our Morgan of the first recognized U.S. ECNs in 1997 and the first Spot, EBS Spot Ai (API), EBS Prime and EBS Global Stanley Passport execution management system, our pan-European MTF in 2007. Through its subsidiaries and Access (browser-based) services. www.icap.com/ebs global product offering provides seamless access to Fidessa group supplies multi- affiliates, Instinet operates two distinct business lines: trade portfolios, single stocks, ETFs, options, futures, asset trading, portfolio analysis, a global network of agency-only brokers that seek to swaps, and foreign exchange. Our team is committed to compliance, market data and help institutions lower overall trading costs and improve As one of the world’s providing stellar trading solutions for the most demanding connectivity solutions for financial investment performance through the use of innovative leading banks, Credit specifications. markets participants. Fidessa’s products are used by electronic trading products, including smart-routing, Suisse provides its over 85% of tier-one, global financial institutions, across Morgan Stanley Electronic Trading (MSET) algorithms, DMA, dark pools and EMS platforms, and also clients with private both the buy-side and sell-side. Fidessa’s network carries +852 2848 8222 provide sales trading, commission management services banking, investment banking and asset management $800 billion of flow a month between 2,400 buy-sides and mset-fe@morganstanley.com and independent research; and the Chi-X® Global services worldwide. In its Investment Banking business, 600 brokers across more than 150 markets worldwide. businesses, which aim to improve the efficiency of capital Credit Suisse offers securities products and financial Headquartered in London and with operations across markets globally by providing high-performance, low-cost advisory services to users and suppliers of capital around Europe, North America, Asia and the Middle East, Fidessa alternative execution venues and the technology required the world. Operating in 57 locations across 30 countries, supports over 26,000 users across 950 clients, serving to power them. Instinet is a wholly-owned subsidiary of Credit Suisse is active across the full spectrum of financial major investment banks and asset managers through to Tora is the recognized leader in Nomura Holdings, Inc. For more information, please visit services products including debt and equity underwriting, niche brokers and hedge funds. Fidessa group is listed on Asia focused electronic trading www.instinet.com. sales and trading, mergers and acquisitions, investment the London Stock Exchange. research, and correspondent and prime brokerage platforms and access to liquidity. services. Advanced Execution Services® (AES) is Credit Suisse’s Tora has created a portfolio of products designed by buy-side trading professionals with a specific focus on Exhibition Floor Plan (Stands Available) award-winning suite of algorithmic trading strategies, the unique challenges that face traders in Asia. Tora tools, and analytics for global trading across equities, has simplified trading across the region by providing options, futures and foreign exchange. With AES’s the access, expertise and service necessary to enable Conference Room tools, traders can work orders on multiple liquidity pools, superior trade execution. Tora offers a complementary increase productivity by automating trading and improve portfolio of technology, trading and liquidity solutions. execution performance. For more information contact the Each product has been designed and developed AES sales desk on +813.4550.7331 internally to be fully-integrated and provide clients with a comprehensive trading solution. Tora’s products are LD utilized by a wide range of institutional investors including SO 22 23 24 25 Thomson Reuters is mutual funds, hedge funds, and sell-side proprietary the world’s leading trading desks across the region. source of intelligent Tora’s products are provided via an application service LD information for businesses and professionals. We provider (ASP) model, and require no IT infrastructure SO combine industry expertise with innovative technology to deliver critical information to leading decision makers in or staff at the client site. The trading platform integrates 18 LD 16 LD with a full complement of third-party and proprietary order SO SO the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world’s most management, portfolio management, risk, accounting S OLD and other back-office and compliance systems. trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Contact: Simon Coombes Thomson Reuters employs 55,000 people and operates Direct: +813-4550-2774 in over 100 countries. For more information, go to Email: scoombes@toratrading.com www.thomsonreuters.com LD 12 13 LD SO SO LD OLD SO S PREMIUM EXHIBITION 2 OLD Star Ballroom S REFRESHMENTS LD LD SO SO LD 6 LD LD SO SO SO Reference: Exhibition Booth Media Partners Official Business Newspaper T: +65 6408 9203 F: +65 6822 7370 E: wbrinfo@wbresearch.com W: www.tradetechjapan.com
  • 8. Registration Package Please fax completed form to Worldwide Business Research, Marketing at +65 6822 7370 ...the one with the buy side The Westin Tokyo 5 EASY WAYS TO REGISTER Venue information 1-4-1 Mita, Meguro-ku Tokyo, Tokyo 153-8580 Japan Phone: +81 3 5423 7000 Fax: +81 3 5423 7600 ✓ Call +65 6408 9203 ✓ Visit www.tradetechjapan.com ✓ Email wbrinfo@wbresearch.com PLEASE PHOTOCOPY THIS FORM FOR MULTIPLE REGISTRATIONS ✓ Fax your completed registration form BOOKING CODE: 16886.003 SS to +65 6822 7370 ✓ Mail your registration form and payment details to: TradeTech Japan 2011 Worldwide Business Research 61 Robinson Road, 08-01 Robinson Centre, Singapore 068993 BUY SIDE FREE* for the first 100 registrations Main Conference (7-8 June) Once FREE Buy Side passes are finished, there is charge of US$995 to register * Free for trading and technology related job functions only. Conditions for complimentary VIP buy side ticket applicants Please note: Your VIP registration is on a complimentary basis. The organisers reserve the right to refuse complimentary entry to non-qualifying buy side companies. A “non attendance” fee of US$500 applies should you fail to attend the event and do not notify us prior to 48 hours before the event. This fee covers the cost of conference delegate materials, food and beverage that incurs as a direct result of you not attending the event and the opportunity cost of allocating your guest place to someone else. You may nominate a replacement colleague to attend on your behalf at no extra cost. Complimentary bookings will not be processed without credit card details. We will NOT charge your credit card if you, or a mutually agreed colleague, attend the conference. NON BUY SIDE Book & pay by 15 April 2011 Book & pay by 13 May 2011 Standard Price Main Conference (7-8 June) US$2500 US$2800 US$3300 DELEGATE DETAILS CREDIT CARD DETAILS Credit Card Type YES! I wish to register for TradeTech Japan 2011 MASTERCARD AMERICAN EXPRESS VISA Surname (Mr/Mrs/Ms): Card No: Name: Expiry Date: Security Code: Job Title: Department: Name of Cardholder: E-mail: Cardholder’s Signature: (Signature is mandatory) Registration Contact: NOTE: Payment by credit card will incur 3% service charge. Company: PAYMENT DETAILS Address: FULL PAYMENT must be received prior to the conference. Please complete as applicable I will be paying by credit card. See the details above. Post Code: Country: I will be sending a bank transfer to Account Name : WBR Singapore Pte Ltd Telephone: Fax: Bank Name : HSBC Approving Manager: Address : HSBC Commercial Banking 21 Collyer Quay HSBC Building HR/Training Manager: #08-00, Singapore 049320 Account Number : 260 361 399 178 Approving Manager’s E-mail: Swift Code : HSBCSGSG Signature: I enclose a cheque payable to WBR Singapore Pte Ltd (Cheque accepted if drawn on a Singapore bank) I agree to WBR’s Terms & Conditions: (Signature is mandatory) Please fax confirmation of the bank transfer to +65 6822 7370, quoting delegate’s name and booking code as your reference on both fax and bank transfer. WBR LTD CANCELLATION, POSTPONEMENT AND SUBSTITUTION POLICY WBR Singapore Cancellation, Postponement and Substitution Policy: You may substitute delegates at any time. WBR Singapore does not provide refunds for cancellations. For cancellations received in writing more than seven (7) days prior to the conference you will receive a 100% credit to be used at another WBR Singapore conference for up to one year from the issuance date. For cancellations received less than seven (7) days prior to the conference no credits will be issued. In the event that WBR Singapore cancels an event, delegate payments at the date of cancellation will be credited to a future WBR Singapore event. This credit will be available for up to fifteen months from the date of issuance. In the event that WBR Singapore postpones an event, delegate payments at the postponement date will be credited towards the rescheduled date. If the delegate is unable to attend the rescheduled event, the delegate will receive a 100% credit representing payments made towards a future WBR Singapore event. This credit will be available for up to fifteen months from the date of issuance. No refunds will be available for cancellations or postponements. WBR Singapore is not responsible for any loss or damage as a result of a substitution, alteration, cancellation, or postponement of an event. WBR Singapore shall assume no liability whatsoever if this event is altered, rescheduled, postponed or cancelled due to a fortuitous event, unforeseen occurrence or any other event that renders performance of this conference inadvisable, illegal, impracticable or impossible. For purposes of this clause, a fortuitous event shall include, but shall not be limited to: an Act of God; governmental restrictions and/or regulations; war or apparent act of war; terrorism or apparent act of terrorism; disaster; civil disorder, disturbance, and/or riots; curtailment, suspension, and/or restriction on transportation facilities/means of transportation; or any other emergency. Please note that speakers and topics were confirmed at the time of publishing, however, circumstances beyond the control of the organisers may necessitate substitutions, alterations or cancellations of the speakers and/or topics. As such, WBR Singapore reserves the right to alter or modify the advertised speakers and/or topics if necessary. Any substitutions or alterations will be updated on our web page. If you are receiving duplicate mailings or would like to change any details, or remove your name from our database, please fax this form to the attention of our marketing department with your amended details to +65 6822 7370. Amendments will take up to 2 weeks. We thank you for your patience.