The document outlines the agenda for the 12th annual FX Week USA conference to be held on July 14, 2015 in New York. The agenda includes morning and afternoon keynote addresses, panel discussions, and presentations on topics related to foreign exchange trading such as liquidity provision, electronic trading platforms, algorithmic trading, emerging market currencies, cyber security, and the changing roles of primary market makers. Panelists will represent banks, trading firms, asset managers, and research organizations. The day-long conference aims to discuss trends, challenges, and implications for the future of the FX markets.

1. July 14, 2015—New York
www.fxweekusa.com
Draft Agenda
12th
annual FX Week USA
8:00 Registration and breakfast
8:50 Welcome address: Eva Szalay, Editor, FX WEEK
9:00 Morning keynote address: Trends in Foreign Exchange markets and the challenges ahead
Simon Potter, Executive Vice President and Head of the Markets Group, FEDERAL RESERVE
BANK OF NEW YORK
9:30 Panel discussion: Liquidity provision in the new market environment
• Who will be the most-reliable liquidity providers?
• What are the implications of banks moving towards an agency model?
• Which emerging trading technologies will have the biggest impact and how they will
affect your margins?
• What role will pre- and post-trade analysis play?
• Can data be better analysed for trading?
Moderator: Eva Szalay, Editor, FX WEEK
Yaacov Heidingsfeld, Co-founder, Chief Executive Officer, TRADERTOOLS
Dmitri Galinov, Chief Executive Officer, FASTMATCH
10:15 Morning break and opportunity to network
STREAM ONE—FX trading STREAM TWO—FX for investors
10:45 Chairman’s opening remarks:
Kevin McPartland, Head of Market
Structure & Technology Research,
GREENWICH ASSOCIATES
Chairman’s opening remarks:
Rick Harper, Head of Fixed Income & Currency,
WISDOMTREE ASSET MANAGEMENT
10:55 Panel discussion: Achieving quality
execution on e-FX trading platforms
• Single dealer vs multi dealer
platforms - where to concentrate
your resources in the sea of
platform providers?
• Changing electronic trade sizes and
the best venues to execute trades
without leaving a footprint in the
market
• Dealing with stop-loss orders in
extreme volatile conditions
• Using TCA to achieve informed
decision making
Panel discussion: How is the strong dollar
impacting emerging market currencies
• A look at commodity currencies
• The development of CNY and CNH
• Which currencies to invest in, and which
to avoid
• The state and future of the BRICS
• Options of EM central banks in a Fed
tightening environment
Moderator: Rick Harper, Head of Fixed Income
& Currency, WISDOMTREE ASSET
MANAGEMENT
John Espinosa, Managing Director and Head of
Sovereign, Municipal, & Emerging

2. Moderator: Kevin McPartland, Head of
Market Structure & Technology Research,
GREENWICH ASSOCIATES
Jim Cochrane, Director, ITG
John Miesner, Head of Global Sales, GTX
Markets Research, TIAA-CREF
Naveen Kunam, Senior Portfolio Manager -
Global Emerging Markets Debt,
ALLIANZ GLOBAL INVESTORS
Eddy Sternberg, Vice President and Portfolio
Manager, LOOMIS, SAYLES & COMPANY
Adnan Akant, Head of Foreign Exchange,
FISCHER FRANCIS TREES & WATTS
11:40 Presentation: Algos – optimize execution,
control process and market risk
• Why is algo usage still relatively low
in the FX market?
• Are independent algos a viable
alternative to fixing?
• Are algos able to take on increasing
risk?
• Peer-to-peer lending
Hitesh Mittal, Global Head of Trading, AQR
CAPITAL MANAGEMENT
Presentation: US dollar cycles, capital flows
and global risk preferences
• What is the composition of capital flows
behind this cycle of US dollar strength?
• Is it really all about US Treasuries?
• Is the US dollar really a “safe haven”
currency?
• Understanding global investors’ risk
preferences and their impact on dollar
cycles.
Alessio de Longis, Vice President, Portfolio
Manager, OPPENHEIMERFUNDS
12:10 Presentation: Risk and cyber security
measures for FX trading
• Risk management for emerging
technologies and what are their
likely flaws?
• Tablet and mobile trading security
concerns
• Cyber regulation and counterparty
risk affecting FX market
• How are firms preparing and
managing cyber breaches?
• Vendor and third party relationship
risk and regulations
• Operational controls for trading FX
securely
Panel discussion: "The role of currency in an
institutional portfolio" - the authors' panel
discussion
• How to address the currency hedging
conundrum
• The safe haven myth and the US Dollar
• How to gauge currency managers
• What currency investing can add to
institutional portfolio performance
Chairmen:
Richard Levich, Professor of Finance, NEW YORK
UNIVERSITY
Momtchil Pojarliev, Senior FX Portfolio
Manager, FISCHER FRANCIS TREES & WATTS
Speakers:
Daniel Brehon, Director, DEUTSCHE BANK
Alessio de Longis, Vice President, Portfolio
Manager, OPPENHEIMERFUNDS
Michael Rosenberg, Senior Consultant,
Bloomberg Economics, BLOOMBERG LP
12:55-
1:55
Lunch and opportunity to network
1:55 Afternoon plenary address: Trading China under the PBoC's watchful eye
• What does Beijing want?

3. • Is carry right for the future
• CNY on a tighter rein than CNH
• Is there a dramatic shift coming?
- from change in policy?
- from loss of control?
John Taylor, President, TAYLOR GLOBAL VISION
2:25 Panel discussion: Credit provision and market access in a post-SNB world – prime brokerage
or prime of prime?
• The model going forward?
• Will this lead to an increase in pre-trade risk management?
• What are the key differences between pre-trade and post-trade analysis?
• Impact on margin trading
• Basel III and the rising cost of credit provision for banks
Andres Choussy, Managing Director, Head of Derivatives Clearing for the Americas,
JPMORGAN CHASE
Marcus Butt, Global Head FX Prime Services, RBS
Peter Plester, Head of FX Prime Brokerage, SAXO BANK
Sofiane Nait Saidi, Senior Vice President, LCH.CLEARNET
3:10 Afternoon break and opportunity to network
3:40 Executive address: Battle of the currencies in developing markets - who will come out on
top?
• Has the dollar already won?
• Implications of the US tightening monetary conditions
• Is there a danger of central banks losing control of their currencies?
• Are central banks too afraid of deflation?
• What the BoJ can do to reign in the yen
• How China can respond and fit in with G7 banks
Collin Crownover, Ph.D., Senior Managing Director, Head of Currency Management and FICC
Research, STATE STREET GLOBAL ADVISORS
4:25 Panel discussion: Changing composition of primary markets makers and the future of FX
• What role will alternative market makers play?
• Who will be the key players in primary market making?
• How do traditional buy-side firms differ from banks and HFTs?
• Can banks, HFTs and buy-side firms complement each other?
• How are attitudes shifting with regards to last look and stop losses?
• Relevance of transparency and fair play
Jamil Nazarali, Senior Managing Director, Head of Citadel Execution Services, CITADEL
SECURITIES
Michael O’Brien, Vice President, Director of Global Trading, EATON VANCE
5:10 Closing remarks: Eva Szalay, Editor, FX WEEK
5:15 e-FX awards and cocktail reception