Trading Israel


Sheraton Hotel, Tel Aviv, Israel

13 Feb 2019


You are invited to...

Global Investor Group will return to Israel in February 2019 to host for the third time the largest derivatives conference in the region.
The third annual FOW Derivatives Israel conference will be held at the Sheraton Hotel in Tel Aviv on February 13.

The derivatives-focused conference brings together leading experts from the best asset managers, hedge funds, prop trading firms, market-makers, brokers, banks and exchanges in Israel, Europe and further afield to discuss the main issues, opportunities and challenges facing the industry today.

Global Investor Group invites you to join the expert delegation and participate in insightful debates on the biggest themes in our market. The event will also afford the opportunity to forge valuable contacts to help you drive your business.The event is expected to have 250+ delegates, representing a cross-section of the vibrant and growing Tel Aviv-based financial services industry.

 

We encourage you to register and ensure your ticket today, as the event has sold out early in the past two years.

 

If you have any questions about the event please contact Yasmin Okolo yasmin.okolo@globalinvestorgroup.com
To discuss sponsor options email Hanna DeBank hanna.debank@globalinvestorgroup.com .

Agenda


 

 

8.00 - 9.00 Registration

 

9.00 - 9.05 Welcome Address

Moderator: Luke Jeffs, Managing EditorGlobal Investor Group

 

9.05 - 9.20 Keynote 

Keynote: Dan Dobry, CEO, Elad Consultants Ltd.

 

9.20 - 10.10 International market update:

Exchange M&A activity and evolving regulation such as the introduction of Mifid II in Europe and the rolling back of Dodd-Frank in the US are changing the international market dynamics.
How has the international market changed in the past 12 months?
What are the key regulatory changes affecting Israeli trading firms?
What does the Mifid II rules pertaining to third country trading firms mean for Israeli firms?
What are the key technological developments that have been undertaken by exchanges in the past 12 months?
What likely opportunities will emerge from the CME’s acquisition of NEX (formerly Icap)?
Market data is becoming a contentious point, what can trading firms do to maintain pressure on market data fees?

Moderator: Eran Peleg, Partner, Chief Investment Officer, Clarity Capital KCPS

Speakers:

David Woliner, Head of financial regulation, Nir Porat & Co.
Claudio Jacob, International Clients Relationship Managing Director, B3
Raj Singh, 
Director, BCS Global Markets
Philipp Schultze,
 Head Equity & Index Sales EMEA, Eurex

 

10.05 - 10.55 The ETN is dead - Long live the ETF:

Israel has an established exchange-traded note market which ranks as one of the top ETN markets globally but regulatory reforms are effectively converting these ETNs to the ETF structure. This is an unprecedented move which presents both opportunities for local and international investors as well as legal and operational challenges.
What opportunities does the ETF conversion present?
What kinds of innovation will emerge?
How will the market respond to the regulatory changes?
What are the legal and operational challenges associated with the conversion?
What issues does the conversion to ETFs present for foreign investors?

Moderator: Guy Shiker, Director of Sales, Banking and Strategic Customers, Psagot Investment House

Speakers:

Oded Ofek, Partner, M. Firon and Co.
Boaz Nagar,
Chairman, The Association of Exchange Traded Notes
Daniel Rapoport, 
Head of Equities and Derivatives, Bank Leumi
Mike Ellis,
CIO, Pioneer Wealth Management

 

10.55 - 11.30 Coffee break

 

11.30- 12.15 Navigating crypto-currencies:
Israel has emerged as a centre for innovation in the fast-moving world of crypto-currencies but what is the best route forward for Israel?
What are the key opportunities in crypto-funds and how can firms capitalise on these?
How can Israel work with and learn from other international centres at the cutting edge of crypto-innovation and regulation?
What are the main risks associated with crypto and what can firms do to guard against these?
What regulatory or tax changes are required to ensure the emergence of a healthy and secure Israeli crypto market?
What are the pros and cons of an Israeli-state backed crypto-currency?

Moderator: Dror David, CEO, Zoozbit

Speakers:

John Tornatore, Global Head of Cryptocurrencies, Chicago Board Options Exchange
Edward Woodford, 
Co-founder, SEED CX 
Meni Rosenfeld,
Chairman, Israeli Bitcoin Association
Youval Rouach, 
CEO, Bits-of-Gold
Dr. Timo Schlaefer,
Founder, Crypto facilities 

 

12.15 - 12.35 TED Talk: Sourcing liquidity and diversifying exposure to Europe: the paradigm shift of Borsa Italiana
Speaker: Massimo Giorgini, 
Head of Equity and Derivatives Markets Business Development, Borsa Italiana

 

12.35 - 13.45  Lunch

 

13.45 - 14.35 The Sun rises in the East: Trading Asia

Israel’s geographic location and technological expertise gives it a unique opportunity with regards to trading Asia’s key markets including China.
What Asian markets are most interesting to Israeli-based trading firms, and what are the related legal and technological challenges associated with accessing those markets?
China is a unique case and a unique opportunity. Where are we currently in the slow opening up of China? What are the most interesting Chinese markets? What are the different approaches that non-Chinese firms have adopted to position themselves to trade that market?

Moderator: Chris LeeManaging Director, HKEX

Speakers: 

Haocheng Wen, Head of International Business, Huatai Futures
Jan Teutsch, 
Managing Partner, Guy Global LP
Ehud Levy, 
General Partner, Canaan Partners Israel

 

 

14.35 - 15.25  Future Smart – Artificial Intelligence and futures trading

Technology has changed trading completely in the past 20 years or so but Artificial Intelligence looks set to change again how firms looks to extract value from the markets they trade.
What is the current thinking on how Artificial Intelligence will change how the industry trades in the coming years?
What will the roll-out of Artificial Intelligence across derivatives trading look like? Where will the first deployments take place?
What should firms do now to ensure they are ready for the changes that AI might introduce?
What are some of the risks associated with AI, from a regulatory or technological perspective?

Moderator: Luke Jeffs, Managing EditorGlobal Investor Group

Speakers: 

Vitaly Shechtman, Founder & Investment Manager, Origami Futures
Eran Bielski, 
General Partner, Entrée Capital
Shalom Yariv,
CTO & General Partner, MD Group

 


15.25 - 15.40 Presentation - Phillip Futures: Global Gateway & Trading Infrastructure

Speakers:

Thair Hussain, Director, Global Sales, Phillip Futures
Manoj A. B. S.,
Head of IT, Phillip Futures

15.40 - 16.10  Coffee Break

 

16.10 - 17.00  Highs and Lows:  Cannabis investing

Cannabis stocks have had a turbulent time in recent months but what is the current thinking around investing in this emerging industry?
Where are the opportunities today?
What lessons can be learned from trading these stocks so far and how should they be applied in future?
How should the industry evolve to attract more institutional investors?
How far are we from derivatives on cannabis? How can financial innovation help the development of the cannabis industry?

Moderator: Uri Peles, Head of Business Development, Barak Capital

Speakers:

Yossi Bornstein, Founder and CEO, Shizim
Elah Alkalay,
VP Business Development, I.B.I. Investment House Ltd. & Chair of the board, I.B.I Mutual Funds
Ron Hochman, 
Head of Sales Institutional Equity Derivatives, TMX
Steve Hawkins,
President and CEO, Horizons ETFs

 

17.00  Drinks Reception

 

 

Speakers


 

Currently confirmed:

Elah Alkalay, VP Business Development, I.B.I. Investment House Ltd. & Chair of the board, I.B.I Mutual Funds
Yossi Bornstein, Founder & CEO, Shizim Group
Dror David, CEO & Co-Founder, Zoozbit
Claudio Jacob, Managing Director, B3 - Brasil, Bolsa, Balcão
Luke Jeffs,  Managing Editor, FOW
Chris Lee,
Managing DirectorHKEX
Boaz Nagar,
ChairmanAssociation of Exchange Traded Notes 
Oded Ofek,
PartnerM. Firon and Co.
Uri Peles,
Head of Business DevelopmentBarak Capital
Meni Rosenfeld,
ChairmanIsraeli Bitcoin Association
Vitaly Shechtman,
Founder and Investment ManagerOrigami Futures
Raj Singh,
DirectorRepo and SLB Department BCS
John Tornatore,
Global Head of CryptocurrenciesCBOE
Haocheng Wen,
Head of International Business,  Huatai Futures
David Woliner,
Head of Financial RegulationNir Porat & Co.
Eran Peleg
CFA & Chief Investment Officer, Clarity Capital KCPS 
Philipp Schultze
Head Equity & Index Sales EMEAEurex
Daniel Rapoport
Head of Equities and DerivativesBank Leumi
Edward Woodford
Co-founderSEED CX
Youval Rouach
CEOBits-of-Gold 
Eran Bielski
General PartnerEntrée Capital
Ron Hochman
Head of Sales Institutional Equity DerivativesTMX
Steve Hawkins
President and CEOHorizons ETFs Management (Canada) Inc.
Massimo Giorgini, 
Head of Equity and Derivatives Markets Business Development Borsa Italiana, Borsa Italiana
Thair Hussain,
 Global Sales DirectorPhillip Futures
Manoj A. B. S., 
Head of ITPhillip Futures
Dr. Timo Schlaefer,
CEO & Founder, Crypto facilities 
Jan Teutsch, 
Managing Partner, Guy Global LP
Shalom Yariv, CTO & General Partner, MD Group
Ehud Levy, General Partner, Canaan Partners Israel
Dan Dobry, CEO, Elad Consultants Ltd.
Mike Ellis, 
CIO, Pioneer Wealth Management
Guy Shiker, Director of Sales, Banking and Strategic Customers, Psagot Investment House

 

 

 

 

 

 

 

 

 

 

 

 

Gold Sponsor


 

Eurex

 

 

Eurex Exchange is one of the world’s leading derivatives exchanges, serving a growing global distribution network. It offers more than 2,000 products covering all major as well as alternative asset classes. Our marketplace – based on innovative IT infrastructure – is gateway to the most heavily traded euro-denominated equity index and fixed-income derivatives. As part of Eurex Group,  we provide access to a global liquidity network with daily trading volumes of around 7 million contracts. Eurex Exchange uses Eurex Clearing, one of the leading central counterparties globally.

 

HKEX

 

Hong Kong Exchanges and Clearing Limited (HKEX) is one of the world’s major exchange groups. Headquartered in Hong Kong, with offices in Mainland China, Singapore and London, HKEX operates a range of equity, commodity, fixed income and currency markets. As Hong Kong’s only securities and derivatives exchange, the sole operator of the city’s clearing houses, HKEX is uniquely placed to offer regional and international investors access to Asia’s most vibrant markets. HKEX is also one of the world’s premier initial public offering (IPO) centres, offering companies unrivalled opportunities to access growth capital through a Hong Kong listing.

HKEX is also the leader in the trading of industry metals through its wholly owned subsidiaries, London Metal Exchange (LME) and LME Clear. This commodity franchise was further enhanced with the launch of Qianhai Mercantile Exchange, or QME, a new commodities trading venue in Mainland China, in 2018.

HKEX launched the ground-breaking Shanghai-Hong Kong Stock Connect programme in 2014, allowing international investors direct access to Mainland China’s stock market for the first time. The scheme was expanded with the launch of Shenzhen Connect in 2016, and the launch of Bond Connect in 2017.

With nearly 2,000 employees around the world, HKEX is committed to the provision of strong, stable and innovative markets, ongoing product and market innovation and to connecting investors and companies around the world. 

 

TMX

 

TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Beijing and Singapore. Its key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities and fixed income. 

Montréal Exchange (MX) is Canada’s derivatives exchange, owned and operated by TMX Group, offering retail and institutional investors futures and options products across major asset classes, including interest rates, equities, FX, Canadian stock indices and repos, as well as clearing services. MX serves an important function in the stability and viability of Canada’s financial markets.
MX set a new overall volume record in 2017 with 96.3 million contracts traded, a 5% increase compared with 2016, led by strong growth in interest rate products.
Follow us on Twitter: @TMXGroup and @MtlExchange

 

Silver Sponsor


 

B3

 

B3 is one of the world’s largest financial market infrastructure providers by market value. The services it offers range from exchange trading, clearing,depository, trade repositoryand other post-trade services to registration of over-the-counter (OTC) transactions and of vehicle and real estate loans. We are committed to Brazil, our clients, and constant development of the financial and capital markets.

 

 



BCS

BCS Global Markets is the Investment Banking division of BCS Financial Group a Russia based financial service sector pioneer with a 23 year track record. It is a London based, FCA regulated entity and a member of The London Stock Exchange, Eurex and CBoE European Equities. A subsidiary, BCS Americas, is SEC/FINRA regulated entity and a member of NYSE & NASDAQ.

BCS has over 140,000 clients that are serviced through a branch network of more than 100 offices and over 4,000employees.

BCS is the broker of choice for trading Russian instruments with an absolute leadership position. For more than 3 years, BCS has maintained its dominant trading position on the Moscow Exchange, capturing more than 25% of market share in Equities, Derivatives and FX.

BCS has now successfully expanded in building a broad and versatile Synthetic Prime business outside Russia and offers opportunities to finance and trade International markets.

BCS Prime Services focusses on products tailored to clients’ specific requirements, offering flexible solutions where client needs are foremost.

 

 

CBOE

 

Cboe Global Markets, Inc. (“Cboe Global Markets” or “Cboe”) is one of the world’s largest exchange holding companies, offering cutting-edge trading and investment solutions to investors around the world. The company is committed to relentless innovation, connecting global markets with world-class technology, and providing seamless solutions that enhance the customer experience.

Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index), the world’s barometer for equity market volatility.

 

 

CME Group

 

 

CME Group is the world's leading and most diverse derivatives marketplace, handling 3 billion contracts worth approximately $1 quadrillion annually (on average). The company provides a marketplace for buyers and sellers, bringing together individuals, companies and institutions that need to manage risk or that want to profit by accepting risk. Our exchanges - CME, CBOT, NYMEX and COMEX - offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals, and through our CME Globex electronic trading platform. CME Group also offers a growing slate of cleared OTC products and services. Additionally, CME Group operates CME Clearing – one of the world's leading central counterparty clearing providers – which serves as the counterparty to every trade that happens in our markets.

 

 

Erste Securities Polska

 

Erste Securities Polska S.A. (ESP) is a Polish operating hub of Erste Group Bank AG and the leading investment firm in Poland where we are present since 1995. ESP serves domestic and international institutional clients combining local expertise on the Polish capital market with the regional outreach of Erste Group. ESP is a part of Erste regional equity platform stretching from Warsaw across Central and Eastern Europe down to Turkey. ESP offers wide range of brokerage and advisory services: equity, derivatives trading including index and stock arbitrage, post-trading services as GCM and settlement agent, access to in-depth research coverage as well as widely understood investment banking services from ECM and DCM advisory to access to M&A or infrastructure financing solutions. ESP is a pioneer in electronic trading and market innovations and offers the best market access solutions always tailored to clients’ needs.

 

 

 

GPW

The Warsaw Stock Exchange (GPW) is one of the fastest growing securities exchanges in Central and Eastern Europe. Almost 1,000 foreign and domestic issuers list on the GPW. The Warsaw Stock Exchange operates a regulated market for equities and derivatives, as well as NewConnect, a multilateral trading facility dedicated to small and medium enterprises.

GPW is also developing Catalyst, a market for corporate and municipal bond issuers. The Polish Power Exchange (POLPX), a member of the GPW Capital Group since February 2012, offers trade in electricity, natural gas, property rights, guarantees of origin and CO2 emission allowances. Since 9 November 2010, GPW is a publicly traded company listed on Warsaw Stock Exchange. With over 25 years of modern-era experience, GPW is one of the most recognizable Polish financial institutions. For more information, visit http://www.gpw.pl.

 

 

 Borsa Italiana

 

 

Borsa Italiana is one of the major European stock exchanges which includes over 350 listed companies on its markets. It manages equity, bond and derivative markets. Some of the main equity markets include:  MTA,( including the STAR segment),  AIM Italia, dedicated to small-medium businesses, and the MIV. Borsa Italiana also manages the IDEM, ETFplus, MOT, ExtraMOT and ExtraMOT PRO markets. Borsa Italiana has been part of the London Stock Exchange Group since October 2007. The Italian Derivatives Markets (IDEM), launched in 1994, is among the top European derivatives exchanges. Based on one of the most liquid equity markets in Europe, around 144,000 contracts with a value equivalent to nearly  €5 bn are traded daily. IDEM is a hybrid market in which members are allowed to enter orders and submit IOIs, while Market Makers play a constructive role in improving market liquidity and the efficiency of the price discovery process through their intense quoting activity. More than 20 market making firms are active on the IDEM market, displaying bids and offers on a continuous basis or responding to requests for quotes. Thanks to CC&G, our CCP, members of the IDEM market can benefit from a full range of CCP value-added services: • Cross-margining • Integrated guarantees • Full-STP www.borsaitaliana.it

 

 

Marex Spectron

 

Marex Spectron is a world leading broker, providing clients with extensive coverage across metals, energy, agricultural, and financial futures and options markets. The group operates leading franchises and offers clients an extensive range of services and intellectual content across all commodity and financial markets.

http://www.marexspectronprotrader.com/

 

 

Phillip Futures

Phillip Futures was established in 1983 as a member of PhillipCapital Group. We are one of the founding clearing members of Singapore Exchange Derivatives Trading (SGX-DT) and hold the Capital Markets Services Licence issued by the Monetary Authority of Singapore (MAS). Phillip Futures has since grown to become one of the region’s top brokerages for the trading of global futures, foreign exchange, energy, metals and commodity futures. Through our PhillipCapital Group network companies, we have enhanced direct-hub access into exchanges around the world, including BMD, CME, CBOT, NYMEX, COMEX, HKEx, ICDX, JPX, SGX, SMX, TFEX, APEX offering you a large selection of trading products to meet your investment needs.

 

 

Seed CX

 

 

 

Purpose-built for institutions, Seed CX provides the operational excellence, market safeguards, technology infrastructure and dedicated support required to trade confidently in the digital asset market. Seed CX, through its subsidiaries, offers an institutional digital asset exchange for spot trading, and plans to offer a separate market for CFTC-regulated derivatives overlaying digital assets. Seed CX and its subsidiaries hold the following licenses: Swap Execution Facility (CFTC), Introducing Broker (NFA), Money Services Business (FinCEN), and Money Transmitter (in nearly thirty states, including Delaware, Illinois and Connecticut), and it has a pending BitLicense with NYDFS.

 

 

 Vela

 

Vela is a leading independent provider of trading and market access technology for global multi-asset electronic trading. Our software enables clients to rapidly access global liquidity, markets, and data sources for superior execution. We help firms successfully differentiate and innovate in an ever-changing, increasingly-regulated and fiercely-competitive landscape, whilst also reducing total cost of ownership.

Vela’s ticker plant, execution gateways, trading platform, and risk and analytics software deliver a unique, ultra-low latency technology stack to simplify and streamline electronic trading. We leverage the latest innovations in technology to deliver cutting-edge performance, features, and reliability. Our modular stack provides access to a comprehensive set of trading, data and risk APIs and can be delivered as-a-Service from multiple co-location data centres globally.

With access to more than 250 venues, Vela provides global coverage across all major asset classes. Clients are supported by an award-winning team of technical and business experts available 24x7 from our multiple offices in the US, Europe, and Asia. Vela’s clients include traders, market makers, brokers, banks, investment firms, exchanges, and other market participants.

Visit us at www.tradevela.com . Follow us on Twitter @TradeVela.

 

 

Wiener Borse


 

Vienna Stock Exchange provides investors with a wide variety of products, maximum transparency and the smooth and efficient execution of exchange trades. In addition, it operates the central market datafeed for Central and Eastern Europe (CEE) and is a well-established index and IT service provider for the region.

The Vienna Stock Exchange has been calculating indices for the Austrian capital market since 1991. Already in the mid-1990s, the Vienna Stock Exchange started offering additional indices for CEE and the CIS region that could be used as underlyings for structured products and standardized derivatives.

Today, it computes over 130 indices developed in numerous cooperative ventures with diverse stock exchanges from the region. The Vienna Stock Exchange’s long years of experience, its profound knowledge of capital markets and its outstanding service quality has made it one of the most prominent index providers for Austria, CEE and CIS.

Read more:  https://www.wienerborse.at/en/indices/

 

 

XILINX

Xilinx develops highly flexible and adaptive processing platforms that enable rapid innovation across a variety of technologies – from the endpoint to the edge to the cloud. Xilinx is the inventor of the FPGA, hardware programmable SoCs and the ACAP, designed to deliver the most dynamic processor technology in the industry and enable the adaptable, intelligent and connected world of the future. For more information, visit www.xilinx.com.

 

Supporting Partners


 

 IHFA

The IHFA was established informally in the spring of 2013 by a group of Israeli and international investment managers and service providers in the hedge fund industry.
The vision was to support the hedge fund industry in Israel as an integral part of the industry’s worldwide community.Through its expanding activities, the IHFA acts as a
bridge to connect the local Israeli industry and its overseas peers, bringing together professional managers, investors and service providers.

Upon the IHFA’s registration as a non-profit organization in Israel, it will strive to achieve the following objectives: (a) to represent and promote the common interests of the
hedge fund industry with governmental bodies in Israel; (b) to provide recommendations for best practices of the industry in Israel; (c) to provide access to professional
information; and (d) to broaden and deepen market and public knowledge about Israel’s hedge fund industry.Joining the IHFA is open to individuals and entities from Israel
and overseas who specialize in the hedge fund sector, such as hedge fund managers, institutional and private investors, family offices and service providers.

 

 

 

Sivron

 

 

 Sivron is a technology company developing integrated solutions and systems that comprise Real-Time trading, Continuous Risk Management and Targeted Investment Management. All of our systems and solutions operate on in-house technologies, which combine advanced hardware and software. This allows us to offer Low latency, high throughput trading and Market Data solutions in a cutting edge software system and APIs. Our team includes skilled software developers specialized in various sophisticated industries, who work hand in hand 

with capital market professionals with IT qualification, under the leadership of experienced system-analysts and software architects. Among our clients are leading banks, professional brokers, institutional, fund managers, PTG's and Algo-shops.  

 

 

Venue


 

Sheraton Hotel

HaYarkon St 115
Tel Aviv-Yafo
3573, Israel