Transcript of "Tokyo Financial Information Summit 2010"
Reference data Tokyo, April 20
Bringing together market data, reference data and
management data management executives from leading financial
Data infrastructures institutions in Japan to examine solutions to the urgent
Algorithmic trading challenges facing their businesses
Exchanges and PTSs
Hear from our leading speaker faculty:
Managing Director, TOKYO STOCK EXCHANGE
Join us at our drinks
reception directly after Jeremy Green, Global John Sproat, Executive
the day’s closing remarks Head, Market Data Director, Enterprise Data,
Services, STANDARD MORGAN STANLEY
Simultaneous CHARTERED BANK JAPAN
translation Japanese /
English Takashi Hiratsuka, Dennis Mwansa, Head
Chief Trader, Asset of Trading Infrastructure
Management Division, Services, Asia Pacific,
RESONA BANK ROYAL BANK OF
Michael Hansard, Chief Siddharth Rawal, Head of
Information Officer, ING IT Asia Pacific, SG ASSET
LIFE JAPAN MANAGEMENT
And many more – see programme for details
Co-sponsor Hosted by
Tokyo, April 20
Letter from the editors Who should attend the Tokyo financial
Dear data industry executive,
This event is designed for professionals who are working in
It is with pleasure that we invite you to the Tokyo Financial
market data, reference data and enterprise data management
Information Summit 2010, the inaugural Inside Market Data and
Inside Reference Data conference in Japan.
in financial institutions. It is of particular relevance to executives
with the following job titles:
The conference comes at a time when financial data professionals
in Japan are under pressure to reduce expenditure, but still deliver chief Data Officer
more reliable and accurate data. To meet these tough requirements, chief Information Officer
executives are actively re-examining their existing infrastructures and chief Operating Officer
searching for vendors with cost-efficient solutions. chief Technology Officer
Another big change underway is the emergence of high-frequency Global, Regional, country Heads, Directors and
trading in Japan, and the Tokyo Stock Exchange’s introduction of Senior Management with responsibility for:
Arrowhead, a new trading platform that promises a low-latency trading
• Market Data Services • IT Strategy
environment with greater liquidity.
• Data Administration • Trading Technology
Against the backdrop of a dynamic and evolving market, this conference • Market Data commercial • Electronic Trading
will focus on examining the pressing issues and opportunities faced • Reference Data Strategy & Execution
by executives working in market and reference data roles, as well as
• Reference Data Quality • Market Data Operations
associated positions in IT and risk management functions at financial
institutions in Japan. • Data Architecture • Data Desktops Infrastructure
• Enterprise Data Management • Market Data Analysts
The agenda will feature panel discussions with leading industry
• Data Outsourcing • Risk Management
professionals, a case study and keynote address by Tomoyoshi Uranishi,
• Algorithmic Trading • Operational Risk
managing director from Tokyo Stock Exchange, who will evaluate the
initial market responses to the launch of the exchange’s new trading • Information Systems & compliance
Other highlights include a case study by Jeremy Green, global head
of market data at Standard chartered, who will draw on his wealth of
experience in Japan and Asia to provide guidance on data management
strategies that result in reduced costs and better data; a panel of end
users looking at assessing innovative ways to evaluate data usage to
generate cost savings; and a panel of senior IT executives and traders
discussing the effectiveness of Arrowhead and the integration of
Japan’s market liquidity.
We look forward to welcoming you to Japan’s must-attend financial
data conference, Tokyo Financial Information Summit, on April 20.
What’s in it for you?
Tokyo Stock Exchange’s first-hand perspective on Arrowhead
and its long-term implications to the trading landscape in Japan
Attaining an optimal balance between data quality, efficiency,
and budget constraints
Achieving a true low latency infrastructure by strategically
managing external vendors and implementing internal
Max Bowie Tine Thoresen developments
Examining the roadmap to fully standardised exchange data to
access multiple venues
Best practices in measuring enterprise data quality to reduce
Editor, Editor, risks
InSIDE MARkET DATA InSIDE REfEREncE DATA learn and interact with speakers and delegates over the Q&A
sessions and networking breaks
Tokyo, April 20
Programme - conrad Hotel, Tokyo – Tuesday, April 20, 2010
8.00 coffee and registration
8.50 Opening remarks: lee Hartt, Publisher, InSIDE MARkET DATA & InSIDE REfEREncE DATA
9.00 MORnInG kEYnOTE ADDRESS
9.30 End-user panel: Japan-specific trends and data issues facing consumer firms
• Data budgets in the context of the economic climate
• Analyzing data usage to identify potential savings
• finding and retaining qualified and experienced data staff
• Data ownership and rights between exchanges, vendors and end users
• Investing for growth: what are the next hot areas for future investment?
Michael Hansard, chief Information Officer, InG LIfE JAPAn
Rahul Parasnis, Head of GIT – Tokyo, cALYOn SEcURITIES
Siddharth Rawal, Head of IT Asia Pacific, SG ASSET MAnAGEMEnT
Further panelists to be advised
10.15 Morning break with networking opportunities
10.45 Panel discussion: Exchanges: Is Japan ready for fragmentation?
• How are new markets changing the competitive trading landscape?
• Has Arrowhead hit the target? How will TSE’s new system improve market data availability?
• need for standardized exchange data and contracts to access multiple new venues.
• Does fragmentation mean more competition and a better deal for clients? Or does it just mean more connectivity costs, exchange fees and audits?
• Is there a need for a consolidated tape of Japanese/Asian market liquidity?
Philippe Bredel, Head of IT, cLSA JAPAn
David Degraw, Senior Product Specialist, Global Equity Trading, DAIWA SEcURITIES SMBc
Takashi Hiratsuka, chief Trader, Asset Management Division, RESOnA BAnk
Tomoyuki Makino, Department Manager, compliance Department, PHILLIP fInAncIALS k.k.
11.30 Panel discussion: Enterprise data management: Measuring data quality to manage risk
• Timely and accurate data requirements for risk and regulation
• Applying data metrics to compare data from different vendors and push for higher quality
• Reducing reliance on manual data management activities to improve quality and mitigate risk
Robert Brachowski, Reference Data Product Manager, EAGLE InVESTMEnT SYSTEMS
David Nichols, Executive Director and chief Administrative Officer, MORGAn STAnLEY InVESTMEnT MAnAGEMEnT
John Sproat, Executive Director, Enterprise Data, MORGAn STAnLEY JAPAn
Further panelists to be advised
12.15 Global leader case study: Best practices in balancing data reliability, quality and cost efficiency
Jeremy Green, Global Head, Market Data Services, STAnDARD cHARTERED BAnk
12.35 lunch with networking opportunities
13.45 AfTETRnOOn kEYnOTE ADDRESS: The emergence of “Arrowhead” and Japan’s future landscape of trading
Tomoyoshi Uranishi, Managing Director, TOkYO STOck EXcHAnGE
14.15 Panel discussion: Obtaining reliable data for complex products and new asset classes
• Have the rapid economic changes forced firms to shift trading to-and source data on-new asset classes?
• What are the challenges of obtaining reliable data on these instruments for investment, trading and risk management processes?
• Examining changing data demands across the front, middle and back office
• Index explosion: How are new index families focused on the region driving demand for data from Japan?
Panelists to be confirmed
15.00 Panel discussion: low-latency market connectivity and co-location: Competitive advantage or added cost?
• Is the market advanced enough for this to provide true competitive advantage?
• Identifying and eliminating latency caused by internal systems and service providers.
• finding and managing the right mix of vendors and internal development to create a low-latency infrastructure.
• creating the optimal direct feed strategies for managing pan-Japanese and pan-Asian trading
Moderator: Jeremy Green, Global Head, Market Data Services, STAnDARD cHARTERED BAnk
Michel Dinh, Head of Equity IT, cREDIT SUISSE (JAPAn)
Neil McGovern, Product Marketing Director, SYBASE
Dennis Mwansa, Head of Trading Infrastructure Services, Asia Pacific, ROYAL BAnk Of ScOTLAnD (JAPAn)
Miguel Ortega, Market Data Engineer, DEUTScHE SEcURITIES (JAPAn)
For the latest event and agenda updates, visit financialinformationsummit.com/tokyo
Tokyo, April 20
15.45 Afternoon break with networking opportunities
16.15 Panel discussion: Pricing illiquid assets to meet reporting requirements
• Reviewing best practices for taking evaluated prices
• The use of fair value pricing methods in middle and back office functions
• How to adapt to changing accounting standards
• Identifying challenges related to Japan’s implementation of IfRS
Kenichi Akiba, Professor of commerce, WASEDA UnIVERSITY
Hidenori Mitsui, Director, corporate Accounting and Disclosure, fInAncIAL SERVIcES AGEncY (JAPAn)
Yoshihiro Nomura, Senior Strategist, Investment Strategy Department, financial & Economic Research center, nOMURA SEcURITIES
Further panelists to be advised
17.00 Vendor panel: The evolution of the information industry in Japan
• How are exchanges and data vendors adapting to changing client needs in the current economy? How are they weathering the pressures themselves?
• How are data providers balancing the need to make money against maintaining realistic prices for clients?
• What’s new? Where and how will vendors add value in the coming year?
• Are hungry global vendors-together with the trend towards globalization-squeezing out local providers, and what impact is this having on competition?
What are the advantages of local versus global suppliers?
• What are Japanese exchanges and vendors doing to expand their presence outside of Japan? And does this risk losing their “local” appeal?
Mark W. Benfield, Regional Director - Asia Pacific, IcAP InfORMATIOn SERVIcES
James Farrer, Managing Director - Asia Pacific, InTERAcTIVE DATA
Keiichiro Ubukata, Vice President, client Service and Sales, Japan/korea, STAnDARD & POOR’S
Further panelists to be advised
17.45 Closing remarks
17.50 Drinks reception
About the host Training
Incisive Media’s market data portfolio incorporates the market-leading industry brands serving financial institutions in print, in Market data and technology
person and online - through its series of publications, conferences, research, training, briefings and reports.
May 17-20, Singapore
Our publications help key decision makers within financial institutions with the business and financial issues they face as
consumers of market data, reference data and data management.
Day 1 - Introduction to real-time
financial market data
insidemarketdata.com irdonline.com Day 2 - cost control and data
Day 3 - An introduction to
FISD Asia-Pac Events: technology
featuring panels by Inside Market Data and Inside Reference Data.
Day 4 - Low latency market
Australia, April 15, Sydney Japan, April 19, Tokyo Singapore, April 23, Singapore data and trading
siia.net/FISDAsiaPac/2010 system futures
4 separately bookable days
run by our renowned tutor
Upcoming financial Information Events in 2010 include:
JW Marriott Hong kong
Asia Pacific October 12, 2010
Tokyo, April 20
Standard & Poor’s provides solutions that help organizations with clearance and
settlement STP compliance and risk management, security master file maintenance,
data management, and mutual fund and client statement evaluations. Services include
Eagle Investment Systems LLc is a global provider of financial services technology, global securities identification and cross-referencing, securities pricing, reference data,
serving the world’s leading financial institutions. Eagle’s Web-based systems support the credit ratings and research to support securities operations and investment managers
complex requirements of firms of any size including institutional investment managers, worldwide.
mutual funds, hedge funds, brokers, public funds, plan sponsors, and insurance standardandpoors.com
companies. Eagle is committed to providing enterprise-wide, leading-edge technology
and professional services for investment accounting, data management, performance
measurement and information delivery. Eagle’s product suite is offered as an installed
application or can be hosted via Eagle AccESS, Eagle’s application service provider. Eagle
Investment Systems LLc is a division of The Bank of new York Mellon corporation. Sybase is the vendor of choice for a loyal, global customer base and is a leading presence
eagleinvsys.com in key vertical markets including financial services, telecommunications, manufacturing
and government. Twenty-four of the Top 25 global banks, and 46 of the Top 50 global
banks and securities firms, rely on Sybase to deliver intra-day risk analysis, while
processing hundreds of thousands of financial trades - in real time - from Wall Street to
Tokyo, and from Hong kong to London.
for nearly a century IBM has been working with the world’s leading financial services sybase.jp
institutions, building industry skills as well as making research and development
investments specifically tuned to the needs of the global financial markets. Drawing on
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you, your clients, and your stakeholders capitalize on innovation and achieve operational
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Tokyo Stock Exchange, Inc. (TSE) is one of the leading global exchanges and has served
as Japan’s central market with its unparalleled liquidity and fair and efficient trading
mechanism. TSE has successfully launched “arrowhead” in January 2010 and delivered
IcAP the world’s premier interdealer broker, is the original source of global market
, the next generation trading system which fulfils goals of low latency, high reliability, and
information and commentary for professionals in the international financial markets. scalability. TSE has also enhanced its market data services by introducing fLEX Standard
Derived from IcAP’s global transaction volumes (over USD 2.3 trillion daily average), and fLEX full, which expand quotes depth and reduce latency to 3 millisecond. TSE will
40% of which is electronic, IcAP’s unique market data is a key source of information continue to strengthen its market functions and provide services and products satisfying
across a wide range of asset classes, time zones and instruments. IcAP Information and needs of investors.
commentary offerings include real-time, end-of-day and historical market data, as well as tse.or.jp/english
research and commentary from some of the world’s leading economists and analysts.
co-sponsor Supporting partners
Interactive Data corporation (nYSE: IDc) is a leading global provider of financial market
data, analytics and related solutions to financial institutions, active traders and individual
investors. The company’s businesses supply real-time market data, time-sensitive
pricing, evaluations and reference data for millions of securities traded around the world,
including hard-to-value instruments. Many of the world’s best-known financial service
and software companies subscribe to the company’s services in support of their trading,
analysis, portfolio management and valuation activities. Interactive Data, headquartered
in Bedford, Mass., has approximately 2,400 employees in offices located throughout
north America, Europe, Asia and Australia. Pearson plc (nYSE: PSO; LSE: PSOn), an
international media company, whose businesses include the financial Times Group,
Pearson Education, and the Penguin Group, is Interactive Data corporation’s majority
Sponsorship Information Jo Garvey lee Hartt
T: +1 212 457 7745 T: +44 20 7484 9907
If you would like to come on board as a
sponsor for the Tokyo Financial Information E: firstname.lastname@example.org E: email@example.com
Summit 2010, please contact: