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National Fixed Income Conference 2009
Opportunities for Fixed Income Dealers
Four Seasons Las Colinas Resort, Dallas, TX
April 23-24, 2009 |
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Agenda |
Thursday, April 23 |
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| 8:00 - 11:00am | RBDA Board of Directors Meeting
(Open to RBDA Board Members only) |
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| 10:00am | Conference Registration Opens |
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| 12:00 - 1:15pm | General Session
Lunch with Speaker
Welcoming Remarks |
| Speaker: | Mike Nicholas
Co-Chief Executive Officer
Regional Bond Dealers Association
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| The Credit Crisis and Domestic Capital Markets
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| Speaker: | Bob McTeer
Former President
Federal Reserve Bank of Dallas |  |
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| 1:15 - 2:15pm | General Session
National Dealer Growth During Unprecedented Times
2008 was a record year for many national - non-bulge bracket - dealers and most are optimistic about 2009. Here from a panel of leaders at national dealers about how they are balancing unique growth opportunities with concern for uncertain economic times and continued volatility in financing costs. |
| Moderator: | Demetri Patikas
Executive Vice President
Duncan-Williams, Inc.
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| Speakers: |
Beau Cummins
Chairman & CEO
SunTrust Robinson Humphrey
Jeff Chapman
SVP and Head of Fixed Income Capital Markets
Fifth Third Securities, Inc.
Sam Doyle
President, Fixed Income Capital Markets
D.A. Davidson & Co., Inc.
Craig Noble
Managing Director & Head of Retail Fixed Income
Wachovia Securities LLC
Brad Winges
Managing Director and Head of Fixed Income Services
Piper Jaffray
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| 2:15 - 3:00pm | General Session
Recipe for Disaster: The Formula That Killed Wall Street
In the mid-'80s, Wall Street turned to the quants-brainy financial engineers-to invent new ways to boost profits. Their methods for minting money worked brilliantly... until one of them devastated the global economy. Hear from a senior writer at Portfolio and Wired Magazines who broke the story on the financial modeling that, in large part, caused our financial meltdown.
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| Keynote Speaker: | Felix Salmon
Senior Writer
Reuters |  |
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| 3:00 - 3:30pm | Refreshment and Networking Break in Exhibit Hall |
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| 3:30 - 4:15pm | The Future of Fixed Income Transparency - an update on TRACE |
| Speaker: | Steve Joachim
EVP, Transparency Services and International Affairs and Services
FINRA
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| 4:15 - 5:30pm | General Session
The Future of Technology in the Fixed Income Capital Markets
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| Moderator: | Eric Vos
VP & Head of E-Business & Technology
Institutional Brokerage & Sales
Wells Fargo & Company
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| Speaker: | Tony Miscimarra
President
BondDesk Trading
F.A. Romano
Product Manager; Integration
Bloomberg
Marshall Nicholson
Managing Director
Knight Capital Group, Inc.
Richard Schiffman
Head of Business Development and Strategy
MarketAxess
Tom Vales
CEO
TheMuniCenter, LLC
Peter Adams
Director of Business Development
TradeWeb Retail
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| 5:30 - 6:30pm | Reception in Exhibit Hall |
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| 6:30pm | Dinner with Speakers |
| Speaker: | Mark Medford
President & CEO
Vining Sparks
RBDA Chairman
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| | The Evolution of the Financial News |
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| Keynote Speaker: | Matt Winkler
Editor-in-Chief
Bloomberg News
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Friday, April 24, 2009 |
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| 7:00 - 8:30am | Breakfast in Exhibit Hall |
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| 8:30 - 9:30am | Breakout Sessions: Taxable and Municipal
Taxable Breakout: Trends in Taxable Fixed Income
Wide spreads, credit risk, trading opportunities, GSEs, retail and the slowdown in institutional structured finance - what does the future hold for taxable fixed income and where are their opportunities for dealers focused on the domestic taxable markets?
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| Moderator: | Dan Leland
Executive Vice President
Southwest Securities, Inc.
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| Speakers: | Robin Budd
SVP & Manager, Credit Product Trading
Wachovia Securities LLC
Tom Ricketts
President & CEO
Incapital LLC
Tim Maimone
SVP & Director, National Markets
Duncan-Williams, Inc.
Mac Northam
Director, Fixed Income Regulation
FINRA
Chris Poinsatte
EVP and CFO
DFW Airport
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| | Municipal Breakout: Overview of the Municipal Bond Market
The municipal market has experienced dramatic changes over the past twelve months. Hear from a diverse panel on the future of bond insurance, Federal backstops, ratings and regulation and how each of these issues is affecting spreads and the market generally. What does the future hold for municipal issuance and greater opportunities for regional dealers active in the primary and secondary municipal markets? |
| Moderator: | Michael Decker
Co-Chief Executive Officer
Regional Bond Dealers Association
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| Speakers: | Alan Polsky
Senior Vice President
Dougherty & Company LLC
Matt Fabian
Managing Director
Municipal Market Advisors
Hal Johnson
Deputy Executive Director
Municipal Securities Rulemaking Board
Richard Raphael
Executive Managing Director
Fitch Ratings
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| 9:30 - 9:45am | Networking and Refreshment Break in Exhibit Hall |
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| 9:45 - 11:00am | Roundtable Breakouts - Opportunities & Challenges
These informal roundtables are led by dealers and are open, interactive discussions on key business, market and regulatory issues.
Possible topics:
- Trading in non U.S. dollar dominated bonds
- Discussion of the mortgage market
- ARS - retail and institutional
- Regionals access to new issue taxable product
- Hiring trends and opportunities due to the credit crisis
- Retail structured products
- Evaluation pricing of "hard to value" securities
- Trading between regionals
- Alternative trading systems for retail
- "Pass" rates on firm retail orders
- Insurance coverage on retail accounts
- Retail due diligence
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| 11:00 - 11:45am | General Session
Politics and the Domestic Capital Markets
Hear from two Washington, DC insiders on the evolution of TARP, the prospect for additional stimulus and generally on how the new administration and congress are focused on addressing the ongoing credit crisis. |
| Moderator: | Michael Decker
Co-Chief Executive Officer
Regional Bond Dealers Association
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| Speakers: | Micah Green
Partner
Patton Boggs
Richard Roberts
Principal
Roberts Raheb & Gradler LLC
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| 11:45am | Conference Closing Remarks
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| Speaker: | Michael Decker
Co-Chief Executive Officer
Regional Bond Dealers Association
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