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Seoul, Korea
28 October 2010

Topics discussed:

• Electronic Trading globally and in Korea
• Algorithmic Trading and Trading Tools for the Buy-side
• Dark Pool and High Frequency Trading
• Technology Developments and The FIX Protocol
• Trading Cost and Benchmarking

Attendees Profile:

Dealer/Traders, Technologists
Sales Trading, IT, Execution Sales
Solution Consultants, Product Development, Technologists
Exchange and Regulator
COOs, Heads of IT, Business Development, Connectivity, Market supervision
Connecting the FIX Community

Having visited Korea in November of 2010 and started a discussion on FIX and Electronic trading, the team returned to the Westin Chosun in downtown Seoul to continue the conversation. With over 200 delegates in attendance it was clear that there is a growing appetite in Korea on the subject of FIX and what it would mean for the Korean market going forward.

As the competition amongst Exchanges in Asia continues to intensify, there was a clear exchange focus throughout the day, with the CME, Deutsche Borse and KOSCOM joining in. CME has partnered with the KRX to position the Korean market as a financial centre through their Globex Platform. Tae Seok Yoo, Director and Head of Strategic Sales Asia at CME Group, took to the stage and pointed out that Korea is the #1 Derivatives Market globally, however, in order to have an active derivatives market you need an active cash market and technology has a very important part to play. Investment is crucial and the adoption of FIX by the KRX and KOSCOM would be reflected in the landscape of the Asia market.

Local participation on the day was apparent, and David Lee, CEO of Dataroad, who has been involved with FIX from the start in Korea, shared some insightful facts and perspectives. Users of the FIX Protocol in Korea break down fairly evenly at approximately 50% in the Securities and Futures arenas, the clear break is across Asset Managers, where only 30% are trading via FIX. Lack of understanding of the FIX Protocol and the non-standard FIX implementations that exist in Korea need to be addressed, in order for the FIX Protocol to grow in Korea. A FIX user community and FIX Protocol Education need to be established in Korea, and it was clear that the direction should be given by the international FIX community and FPL members with the experience and expertise to point the Korean community in the right direction.  

Leading Speakers

  • Del Abdullah, Head of Electronic Trading Technology, Daiwa Capital Markets Hong Kong Limited
  • Haekyoon Ahn, Head of Korea Listed Derivative team, Credit Suisse
  • Michael Myeong-Hyeon Baek Managing Director, Korea Financial Investment Association
  • Kwong Cheng, Associate Director, Head of Global Account Management Asia, CME Group
  • Joel Hurewitz, Head of Sales - Broker Dealer & Liquidity, Instinet
  • Josephine Kim, Director - Head of South East Asia Execution Sales, Bank of America Merrill Lynch
  • Hanno Klein, FPL Global Technical Committee Co-Chair and Senior Project Manager, Deutsche Börse Group
  • David In-hwan Lee, CEO, DATAROAD Co. Ltd.
  • Edward Mangles, Regional Director, Asia Pacific, FIX Protocol Ltd, and Director, FIXGlobal
  • Matthew Saul, Head of Trading for Asia ex-Japan, FIL Investments
  • Brook Teeter, Co-Chair FPL Global Membership Committee and Director - Head of Client Trading & Execution Sales, Asia Pacific, Credit Suisse
  • Leigh Wilson, Director Sales North Asia, Arista Networks, Inc.
  • Tae Seok (Clement) Yoo, Director, Equities, Asia, CME Group
  • and more....
Delegate driven Q&A with solution providers and industry peers. Networking and Q&A sessions designed to get you Face2Face with the people you need to see.