Overview
Agenda

Date: 17 November 2023

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Overview

The ICMA Secondary Market Forum brought together stakeholders in the European bond markets to learn more about new developments and ICMA’s extensive work and initiatives in secondary markets. This year’s event focused on how to improve liquidity in sovereign and corporate bond markets. How can we ensure that market makers are able to fulfil their role as principal liquidity providers to the bond markets? How can trading protocols and enhanced connectivity create new sources of liquidity? What is the role of transparency in underpinning market resilience? How do conditions in the repo and derivatives markets impact underlying bond markets? We were joined by market experts, representing sell sides, buy sides, financial market infrastructures, regulators, and policy makers in addressing these critical questions.

CET    
09:30   Registration
10:00   Welcome remarks
Bryan Pascoe, Chief Executive, ICMA
Stephane Malrait, Global Head of Market Structure and Innovation for Financial Markets, ING
10:15   Outlook for sovereign bond markets - introductory remarks
Christoph Rieger, Head of Rates and Credit Research, Commerzbank AG
10:25   Outlook for sovereign bond markets - panel discussion

*This panel will take place under the Chatham House rule

Moderator: Christoph Rieger, Head of Rates and Credit Research, Commerzbank AG
  • Nicola Danese, Managing Director, Co-Head of International Developed Markets, Tradeweb
  • Dieudonné Djimi, Global Interest Rates & Currency Portfolio Manager, Ostrum Asset Management
  • Paolo Fortunati, Governments Bonds Trading, IMI Corporate & Investment Banking Division, Intesa Sanpaolo
11:10   Keynote address
Tanya Pieters-Gorissen, Head of Capital Markets, Autoriteit Financiële Markten
11:20   Panel discussion: Evolution of credit market structure

*This panel will take place under the Chatham House rule

Moderator: David Camara, Director, FICC e-trading & Market Structure, Bank of America and Co-Chair, Secondary Market Practices Committee
  • Stephane Malrait, Head of Market Structure and Innovation, ING
  • Daniel Mayston, Managing Director, Head of Electronic Trading and Market Structure EMEA, BlackRock
  • Raj Paranandi, Chief Operating Officer, MarketAxess
  • Remco Wesselius, Head of Bonds Trading, Rabobank
11:55   Coffee break
12:25   Debate: will increased bond market transparency in Europe help or hinder liquidity?

*This panel will take place under the Chatham House rule

Moderator: Janet Wilkinson, Managing Director, Head of Global Markets Flow Sales EMEA, RBC Capital Markets and Chair, ICMA Board
  • Eric Boess, Global Head of Trading, Allianz Global Investors
  • David Garratt, Managing Director, Credit Products, Barclays International
  • Ashlin Kohler, Director, Rates eCommerce, Citi
  • Yannig Loyer, Global Head of Trading, Securities Financing and Derivatives, AXA Investment Managers GS Limited and SMPC Co-Chair
13:10   Keynote: AI and the bond markets
Alexis Besse, Managing Director, EMEA Fixed Income Quantitative Trading, Jefferies International
13:25   Closing remarks
Janet Wilkinson, Managing Director, Head of Global Markets Flow Sales EMEA, RBC Capital Markets and Chair, ICMA Board
13:30   Networking reception
14:30   Event close
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