FREE
attendance
for qualified
end users
April 27
New York City
The most comprehensive, end-user driven
conference in trading technology
KEYNOTE
• Low-latency architecture
• Enterprise infrastructure
• Cloud computing and virtualization
• GPU technologies
• Real-time risk
• Data flows and enterprise risk
Rupert Brown
Principal Architect
BANK OF AMERICA
MERRILL LYNCH
Andy Brown,
CTO,
UBS AG
Dr. Tony Chau
Global Chief Architect
JP MORGAN CHASE
Nigel Faulkner
CIO Equities
CREDIT SUISSE
Madge Meyer
Executive VP
and Head of Global
Infrastructure Services
STATE STREET
CORPORATION
Suresh Jayaraman
VP, Firm Risk
Management
Technology
MORGAN STANLEY
PANEL SPONSORS:
PRESENTATION SPONSOR:
Hosted by:
waterstechnology.com/natas
waterstechnology.com/natas
The most comprehensive, end-user driven
conference in trading technology
April 27
New York City
Low-latency
architecture
Enterprise
infrastructure
Cloud computing
and virtualization
GPU technologies
Real-time risk
Data flows and
enterprise risk
Welcome
Dear colleague,
The North American Trading Architecture Summit is a
bold and exciting new initiative by WatersTechnology that
is set to establish itself firmly as a key date in the trading
technology calendar.
Through a series of panel discussions and case studies
featuring technology gurus, industry experts and
leading practitioners, the conference focuses on two
areas of technology that are of particular interest to
financial institutions: low-latency trading architecture
and enterprise infrastructure. These are two areas that
are ostensibly pulling in different directions. For those
charged with the task of developing and maintaining
trading architecture, the key issue is performance:
achieving the highest possible speed with the lowest
possible latency. However, the data center managers and
architects working at infrastructure level face a different
set of challenges: reducing costs wherever possible and
deriving maximum efficiency from their systems while
meeting the ever-changing demands of the business.
Trading architecture is a perpetual arms race in which
microseconds matter, whereas enterprise infrastructure is
a budgetary balancing act measured in dollars and cents.
Accordingly, part of the focus of our keynote presentation
from Rupert Brown, Principal Architect at Bank of
America Merrill Lynch, will be on how lessons learned in
trading architecture can be applied to the enterprise. This
will be followed by a special CIO roundtable focusing on
what drives technology investment decisions and how
best to align IT with the needs of business.
This is a must-attend event for trading technology
professionals who want to stay abreast of the latest,
most cutting-edge technologies and strategies for
maximising their existing technologies. As the industry’s
leading brand in this area, WatersTechnology is perfectly
positioned to deliver the most comprehensive, end-user
driven event in the trading technology calendar.
I look forward to welcoming you in New York
on April 27.
With best regards,
Victor Anderson
Editor-in-Chief,
Waters
Who should attend?
CIO / CTO
Head of IT
Chief Architect
Senior Developer
Global Head of Infrastructure Services
Global Head of Data Center Management
Global, Regional, Country Heads; Directors and
Senior Management with responsibility for:
High Frequency Trading Platform
Data Architecture, Electronic Trading
Algorithmic Trading
E-Commerce
Electronic Connectivity
Market Data
Quant Analysis
Facilities
Grid Infrastructure
Computer Engineering
Unix Systems
Infrastructure Tools
What’s in it for you?
Acquire knowledge of new cutting-edge technologies
with which to help keep your organisation ahead of
the curve
Discover approaches to existing technologies that
you can implement in your organization to optimise
trading architecture for super-low latency while reducing
costs and improving efficiency at the level of enterprise
infrastructure
Network with senior level speakers, industry experts,
technological gurus and your peers in the industry
Learn about successful projects being undertaken
by leading financial institutions, such as JP Morgan,
Goldman Sachs, Morgan Stanley, Credit Suisse,
Deutsche Bank, UBS, Bank Of America Merrill Lynch,
Barclays Capital and State Street Corporation
Take away new contacts and practical ideas for future
technology initiatives within your business
waterstechnology.com/natas
The most comprehensive, end-user driven
conference in trading technology
April 27
New York City
Low-latency
architecture
Enterprise
infrastructure
Cloud computing
and virtualization
GPU technologies
Real-time risk
Data flows and
enterprise risk
Program – Morning
08.20
Registration and breakfast
08.50
Welcome remarks
09.00
Keynote Presentation
Rupert Brown, Principal Architect, BANK OF AMERICA MERRILL LYNCH
09.40
End-user Panel: CIO/CTO Roundtable
Evaluating the use of Direct Market Access (DMA), third-party feeds and execution services
Overcoming the challenges of exchange re-location
Coping with the capacity headache: scrutinizing the latest solutions and planning for the future
Aligning IT strategy with the needs of the business and optimising infrastructure to provide greater business agility
Mirroring the utility model: devising internal SLAs to make internal requests more efficient and cost-effective
How will regulation affect technology investment decisions
Armando Alizo, Head of Information Technology, STANDARD CHARTERED BANK
Andy Brown, CTO, UBS AG
Nigel Faulkner, CIO Equities, CREDIT SUISSE
John Papazian, Managing Director, CIO, JMP GROUP
Marc A. Rieffel, CTO, WORDQUANT LLC
10.30
Morning Break and networking opportunity
Stream 1
Data architecture: Low-latency Trading
Stream 2
Infrastructure management: Reducing
Costs, Improving Performance
11.00
Chairman’s opening remarks
Chairman’s opening remarks
11.05
Case Study: The Algorithmic Arms Race
Why is the arms race expensive at every level? Increasing
scale to amortize the cost of capex
How has the game changed? Assessing the impact of
regulatory changes and market expansion across global
asset classes such as Fixed Income, Currency and
Commodities (FICC) and derivatives
Case Study: Building a Multi-Asset e-Commerce
Infrastructure
How can you deliver a consistent client experience,
leverage disparate existing systems yet allow evolution,
replacement and consolidation with minimal disruption?
Rapidly roll-out front-ends to clients
Use and improve existing enterprise infrastructure
Keep flexibility to consolidate systems and reduce costs
Vikas Shah, Managing Director, ROSENBLATT
SECURITIES
Patrick Myles, Chief Technology Officer, CAPLIN
SYSTEMS
11.30
Panel: Is the arms race worth it? The future of highPanel: Harnessing the power of GPU-architecture
frequency trading
Comparing GPU peak performance with those of high-end
Will concerns about HFT translate into punitive regulation or microprocessors
even banning?
Fine-grained vs. coarse grained parallelism: ‘partitioning the
Can we plan for the possible consequences?
problem’
What sorts of kernel programs could take advantage of this
Moderator: Christopher Young, MD, Financial
high-performance?
Information & Technology Group, BERKERY NOYES
Amdahl’s Law: what are the limitations of a GPU-based
Stephen Pae, Global Head of Products,
solution
Morgan Stanley
Are GPUs production ready? What are the reliability issues?
John Cogman, autobahn Equity Trading,
Deutsche Bank Securities
Moderator: Eric Newcomer, Chief Architect,
David Parker, Director, Global FSI Solutions,
Investment Bank, CREDIT SUISSE
Financial Services Industry, SYBASE
Dr. Tony Chau, Global Chief Architect, JP MORGAN
CHASE
Brad Spiers, SVP, BANK OF AMERICA MERILL LYNCH
12.20
Panel: Ultra low-latency trading; getting below 100uS
Panel: Leveraging cloud infrastructure for uniform,
Diminishing returns for low latency: is it worthwhile driving to ubiquitous delivery
be the lowest?
Harnessing domain-specific capabilities in enterprise,
Is TCP/IP a bottleneck, what alternatives are there? Can
content and service capability
we live without TCP/IP?
Eliminating bottlenecks: can the problem of ‘server-hugging’
Why is Infiniband winning out over 10GbE?
be resolved?
Do we need direct InfiniBand access to markets?
Utilizing cross-cloud collaboration for high-throughput realWhat else is possible: FPGA-based Feed Handlers,
time processes
photonic chips?
Scaling public cloud infrastructure internally: housing
multiple clouds in one data centre
Moderator: Richard Croucher, Chief Architect,
Defining and measuring SLAs to maximize content delivery
INFORMATIX
Yuri Salkinder, Director, CREDIT SUISSE
Moderator: Moderator: Mark Ameres, Enterprise
Jens von der Heide, Infrastructure Engineering Lead, Architect, CITIZEN’S BANK
BARCLAYS CAPITAL
Madge Meyer, Executive Vice President and Head
Nitin Kabra, Director, Global Investments and Risk,
of Global Infrastructure Services, STATE STREET
BANK OF AMERICA MERRILL LYNCH
CORPORATION
Peter Duffy, CTO, Sumerian
Mark Rubin, Head of IT, TRILOGY GLOBAL ADVISORS
Dr. Songnian Zhou, CEO, PLATFORM COMPUTING
waterstechnology.com/natas
April 27
New York City
Low-latency
architecture
Enterprise
infrastructure
Cloud computing
and virtualization
GPU technologies
Real-time risk
Data flows and
enterprise risk
Program – Afternoon
13.00
Lunch break
14.00
Case Study: Optimizing High-Performance Trading
Solutions: An Engineering Perspective
Latest developments in low-latency messaging, software
engineering and user experience in capital markets
Statistical Arbitrage ETF Solution: Leveraging Solace
Systems’ Unified Messaging Platform and Microsoft’s
Agent-Actor pattern framework
Creating competitive advantage in the Single Dealer
Platform market
Low-latency messaging and engineering patterns for highperformance RIAs
Case Study: Disparate data, disparate systems, disparate
user groups
Increasing efficiency through topology-aware applications
How do you adequately serve the needs of diverse groups
of users?
Robert Schork, GDIT, Sr. Principal SW Engineer,
Enterprise Transformation, Integration, and
Architecture, DEPARTMENT OF DEFENSE
Matt Davey, Chief Technology Officer, Europe, LAB 49
14.25
Panel: What the quant wants: optimizing software
architecture
The programming language dilemma – the trade off
between performance and productivity
How can we manage garbage collection and minimize its
impact?
Comparing the standard and RT Linux distributions?
Is Windows a viable platform for low latency?
To what extent would it be better to standardize protocols
across all markets?
Moderator: Jerry Castricato, Information Architect,
CITI
Paolo Aloe, VP, Equities Technology, GOLDMAN
SACHS
Dimitry London, Executive Director, MORGAN
STANLEY
Panel: Virtualizing infrastructure for scalability and
performance
Integrating services seamlessly into the enterprise
Cost allocation: how do you charge back?
What comparative pricing models are available?
Moderator: Prof. Elven Riley, Director, SETON HALL
UNIVERSITY
Dan Terrasi, Head of Technology, WESTPAC
BANKING CORPORATION
Paul Somogye, Vice President IT - Data Center
Services, American Century Investments
15.10
Afternoon Break
15.30
Case study: Testing algorithms
Simulating a realistic replay of cross-asset trading conditions
Deciding when to swap out algorithms
Benchmarking performance
Managing timestamps
Utilising data-dashboards for quality control
Back vs. forward testing: what are the limits of each when dealing with dynamic financial markets?
James Austin, Managing Partner, LEKKA CAPITAL MANAGEMENT
15.50
Panel: Real-time risk, real-time monitoring, real-time decisions
Is real-time monitoring possible without taking a hit in performance?
Tracking outliers
Is real-time risk management a scalable solution?
Using a scenarios-based techniques
Prediction vs. partial or full re-evaluation: when are each appropriate?
Moderator: Elliot Noma, Founder and Managing Director, GARRETT ASSET MANAGEMENT LLC
Suresh Jayaraman, VP, Firm Risk Management Technology, MORGAN STANLEY
Dr. Tony Chau, Global Chief Architect, JP MORGAN CHASE
Sinan Baskan, Senior Director of Worldwide Solutions, SYBASE
16.35
Panel: Know your data-flow: Investing in enterprise risk management systems
Tracking data-flow to measure risk and achieve capital efficiency
Enabling firm-wide risk aggregation
Optimizing architecture for front-to-back control and effective governance
Finding the ‘sweet spot’: securing the back office and ensuring front office performance and functionality
How do you prepare for seemingly unpredictable ‘black swan’ events?
Moderator: Robert Schork, GDIT, Sr. Principal SW Engineer, Enterprise Transformation, Integration,
and Architecture, DEPARTMENT OF DEFENSE
Marc Baumslag, Global Head of IT Risk, UBS AG
Rupert Brown, Principal Architect, BANK OF AMERICA MERRILL LYNCH
17.20
Chairperson’s closing remarks
17.25
Cocktail Reception
waterstechnology.com/natas
The most comprehensive, end-user driven
conference in trading technology
April 27, 2011
New York City
Low-latency
architecture
Enterprise
infrastructure
Cloud computing
and virtualization
GPU technologies
Real-time risk
Data flows and
enterprise risk
Panel Sponsors:
Sumerian specializes in IT Analytics – a ground-breaking, analytical approach to optimizing
trading environments. Our subscription services are a low risk, low touch way for investment
banks to optimize trading performance, target investment, and accurately align capacity across
complex trading environments. Sumerian has a proven track record of delivering actionable
value. For example, our analysis enabled a global investment bank who wished to grow its FX
Flow business, to reduce latency by over 75% and increase capacity with no extra investment.
sumerian.com
We offer highly secure, real-time, high-availability, integrated financial solutions that will help
increase your organization’s operational efficiency, customer service, business resiliency,
and ROI. We work with more than 1,700 of the world’s largest financial institutions, while our
technology powers 90 percent of the world’s securities firms and 60 percent of its banks. Our
wireless solutions extend critical trade lifecycle information into the hands of traders, brokers
and operations staff enabling them to proactively monitor trade transactions, exceptions and
settlements in real time ensuring customer service level agreements are met.
sybase.com
Platform Computing is the leader in cluster, grid and cloud management software — serving
more than 2,000 of the world’s most demanding organizations. For 18 years, our workload
and resource management solutions have delivered IT responsiveness and lower costs for
enterprise and HPC applications. Platform has strategic relationships with Cray, Dell, HP, IBM,
Intel, Microsoft, Red Hat, and SAS.
platform.com
deloitte.com
Presentation Sponsor:
Operating from London and New York, Caplin Systems provides unique technology that
enables investment banks to deliver outstanding trading services direct to their clients’ screens.
Our domain experience sets us apart: we enable our customers to develop highly differentiated
online trading solutions quickly and at low cost.
Caplin Xaqua is a framework for building multi-product, single-dealer platforms; Caplin Trader
is an HTML5 framework for Caplin Xaqua that enables rapid development of customized fullyfeatured, highly-configurable trading workstations that run in a standard browser.
Caplin’s clients include Barclays Capital, Crédit Agricole CIB, Citi, Nomura, RBS, UBS and
UniCredit.
caplin.com
Lab49 is a technology consulting firm that builds advanced solutions for the financial services
industry. Our clients include many of the world’s largest investment banks, hedge funds and
exchanges. Lab49 designs and delivers some of the most sophisticated and forward-thinking
financial applications in the industry today, and has an impeccable delivery record on mission
critical systems.
lab49.com
waterstechnology.com/natas
The most comprehensive, end-user driven
conference in trading technology
April 27
New York City
Low-latency
architecture
Enterprise
infrastructure
Cloud computing
and virtualization
GPU technologies
Real-time risk
Data flows and
enterprise risk
Sponsoring or exhibiting
The North American Trading Architecture Summit
offers unrivalled sponsorship advantages.
It will provide your company with direct
access to 250+ of your key clients in financial
institutions and also represents an opportunity
for you to showcase and demonstrate your
latest technologies to a technically-minded,
knowledgeable audience.
Opportunities for networking are built into the
program, with networking time available during
registration, the coffee breaks, lunch and the
evening cocktail reception.
To discuss how we can work with you to create
a bespoke package that suits your needs,
please contact:
Jo Garvey
+1 212 457 7745
[email protected]
Melissa Jao
+1 212 457 7746
[email protected]
FREE
attendance
for qualified
end users
Registration
Standard price $1500
Early Bird rate (by March 2 2011) $1250
Qualified financial end-users* Complimentary
*Qualified end-users include banks, asset managers, institutional investors and hedge funds
For more details and to register please visit
waterstechnology/natas
or email [email protected]