Buyside Best Execution Lunch & Learn
Newport Beach, CA & New York City, NY
To be held simultaneously in NYC (11:40 a.m. to 1:45 p.m.) and Newport Beach, CA (8:40 to 10:45 a.m.)
On Tuesday, August 16th, a panel of senior executives will discuss the practical issues relating to the bond trading responsibilities of asset managers in light of their fiduciary duties to their customers. This discussion will also delineate some of the guidelines of asset managers with regard to electronic trading facilities.
The Panel:
- John Gidman, Loomis Sayles, Moderator in New York
- Joe Sack, BMA, Co-Moderator in Newport Beach
- Tom Eady, Thomson TradeWeb
- Matt Frymier, Bank of America Securities (Newport Beach)
- Rick McVey, MarketAxess
- Lee Pickard, Pickard & Djinis
- Mike Wyne, Fischer Francis Trees and Watts
Click here for Event Agenda and to Register - New York City & Newport Beach
The panel will focus on three areas of best execution:
- Regulatory/Compliance
- From standpoint of asset managers, best practices for best execution
- Obtaining best prices in connection with best execution requirements
John Gidman, Chairman of the Senior Executives Group will open the event by defining buyside best execution from a business standpoint and why this matter is relevant to the activities of asset management firms.
Lee Pickard will review some critical regulatory considerations relating to buyside best execution such as:
- Behavioral versus quantitative elements relating to best execution, including customer expectations
- Common items concerning asset managers' due diligence activities
- Dealer and agency trades
Mike Wyne will paint a real world picture of what managers are currently doing to satisfy best execution standards.
Tom Eady and Rick McVey will illustrate how tools offered by ATSs are becoming part of the solution for managers.
Matt Frymier will offer some sell side views, including the following:
- The fact that a rather significant portion of dealer to customer fixed income business is done electronically
- By most indications, trading volumes in the various fixed income asset classes continue to rise annually
- Qualitative factors are the norm in connection with buy side best execution decision-making
Click here for Event Agenda and to Register - New York City & Newport Beach
Other Topics and Questions to be Addressed:
- Competition: the way to assure best execution in an over the counter market is to stimulate competition.
- Examples of Technology Tools that are helpful to asset managers regarding best execution
- Illustrations of how prices get disseminated
- How can buy side firms use the Senior Executives Group to develop best practices in this area?
- What about considerations relating to the cost of electronic trading services?
- Will the trade groups formulate recommended internal compliance procedures?
Click here for Event Agenda and to Register - New York City & Newport Beach
You may attend in person or via conference call. Contact Douglas Taggart at dtaggart@bondmarkets.com to obtain call-in number for this event.