Course Agenda

Agenda

 

Day 1

09:00

Registration and Refreshments

09:30

The Current State of Trade Surveillance & Market Compliance

  • US vs. EU regulatory requirements
  • Defining what ‘done’ looks like from a risk coverage perspective
  • How do you manage the message within the organisation (e.g business and audit) and regulators
  • Processes for prioritizing change – global requirements Vs local requirement
  • Management of threshold setting and exclusions lists
  • Dodd Frank surveillance
  • Communications surveillance 

11:00

Morning Break

11:30

Products

  • Equity
  • Listed and OTC option
  • Futures
  • FX
  • Treasury rates/bonds
  • Muni corps/bonds
  • Structured products
  • Swaps 

13:00

Lunch

14:00

Market Manipulation: Behavioural Analysis, Trigger, Nexus and Target

  • Layering and spoofing 
  • Marking the close and marking a fix
  • Ramping, wash trade 
  • Excess trading over normal market activity 
  • Significant volume at the close 
  • Large amount of cancelled trades
  • Manipulation the VIX market – recent whistleblower

15:30

Afternoon Break

16:00

Low Priced Securities Fraud and Insider Trading

  • Challenges of infrequent trading and liquidating low priced securities
  • Pricing low priced securities
  • Pump and dump scheme
  • Code of conducts for insider training
  • System infrastructure to reduce opportunities of secret information gathering
  • Blackout periods as a tool of prevention

17:30

End of Day One

Day 2

09:00

Refreshments

09:30

Case Study: Operational Response & Compliance

  • Operational response
  • Compliance operating model considerations
  • What is the role of compliance, how does it interact with the wider organisation and how does surveillance fit in to the overall model?
  • Documentation, policy, compliance reporting and oversight
  • Culture and impact on compliance 
     

11:00

Morning Break

11:30

Holistic Surveillance & Tools for Business Insight

  • Holistic surveillance – seeing the whole picture 
  • Reduction: cost, no. of false alerts, etc.
  • Consolidation of internal and external data sources
  • Make some more informed decisions
  • Map your business goals
  • Facilitate real time reporting 
  • Electronic communication space 

13:00

Lunch

14:00

Case Study: Considerations for Building a Trade Monitoring Program 

  • Why do I need to do this? Good governance/ risk management
  • What will it cost me – levels of monitoring
  • Who will pay for this? – decision making
  • Considerations for dealing with exceptions post – implementation 
  • Other considerations 
    • Ongoing investment
    • Monitoring the monitor

15:30

Afternoon Break

16:00

Artificial Intelligence, Technology and Data of The Trade 

  • Software and custom applications
  • Manual process
  • Policies and controls
  • Data and technology challenges
    • Aligning C/ETRM systems
    • Aligning voice, email and IM
    • Aligning with transaction data
  • Artificial intelligence in market surveillance 
  • Analytical models
  • Data Capture (data you need and want) and Centralizing data  

17:30

End of Course