Monday 20th October 2014
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FRIDAY TICKER: OCTOBER 17th 2014: Morgan Stanley’s third quarter earnings beat analysts’ estimates today, with strong equity sales and improved results across its fixed income and commodities trading. The New York-based bank reported a third quarter net income $1.71bn, or 84 cents a share, up from $906m, or 45 cents, a year earlier - China business sentiment slipped for the second consecutive month in October, falling to an eight month low, amid calls for the Chinese authorities to do more to boost growth - The Depository Trust and Clearing Corporation (DTCC) and other market participants have formed an industry steering committee and an industry working group to facilitate the move to shorten the settlement cycle in the US for trades in equities, corporate and municipal bonds, and unit investment trusts (UITs) - Old Mutual’s wealth management operation has reached deal to acquire UK investment manager Quilter Cheviot for £585m - Northern Trust has opened a representative office in Seoul, South Korea, following regulatory approval from the Financial Services Commission (FSC) - KfW IPEX-Bank is supporting a large-scale innovation project in Europe with a loan of €75m. Within the framework of a multi-year investment programme, the international chemical group Borealis is pursuing research and development of plastics raw materials at its facilities in Linz, Porvoo (Finland) und Stenungsund (Sweden) - The Bank of Russia will start providing the market with dollars and euros at weekly foreign-exchange repo auctions in late October to smooth out the ruble rate volatility, the central bank said today. The central bank says it will provide up to $50bn to the banking sector by end-2016 in a move aimed at fulfilling demand for foreign currencies at a time when external borrowing markets are effectively closed to Russian companies and lenders due to Western sanctions. The ruble, recently driven to all-time lows by falling oil prices and domestic demand for hard currency, recovered to around RUB45.9 against the euro-dollar basket from levels of RUB46 seen before the central bank's statement.

FPL Latin America Electronic Trading Conference

FPL Latin America Electronic Trading Conference August 2nd | Tivoli Hotel, São Paulo www.fixprotocol.org/latam2012 http://www.ftseglobalmarkets.com/

Secure Your Place at the FPL Latin America Electronic Trading Conference, Created by the Latin American Trading Community

August 2nd | Tivoli Hotel, São Paulo
www.fixprotocol.org/latam2012

Building on the success of previous FPL events in Latin America, this year’s conference is set to bring together more than 350 senior representatives from across the region’s buy and sell-side, regulator, trading venue and vendor communities. Join FPL in Sao Paulo and benefit from an event that will offer:

• Separate business, strategic and technical streams, exploring the critical issues, challenges and opportunities impacting firms trading in the region in 2012 and beyond
• An agenda created by senior representatives from the Latin American trading community to address the real needs of the Latin American trading community
• The opportunity to hear the thoughts and impartial perspectives of more than 30 leading experts on the issues that matter to your firm
• Invaluable learning opportunities for representatives from across the region’s trading community
• The opportunity to meet with key decision makers through the many networking opportunities available throughout the day and at the evening cocktail reception

Topics for discussion will include:
• The future of electronic trading internationally and the opportunities and challenges that emerging trends will present to firms in Latin America
• As Dodd Frank reforms and the Volcker rule take shape in the US, what is the likely impact for OTC derivatives trading in Latin America?
• The Brazilian post-trade environment and the potential benefits that increased use of FIX for post-trade processing could present
• Trading across multiple venues in Latin America
• How firms could more effectively measure and control the true costs of trading
• Accessing Liquidity and gaining increased transparency: How can firms understand if they really did achieve best execution?
• Trade information: What data is available to firms trading in Latin America and how are firms using it?
• Trading locally verses internationally: Risk management and regulatory issues to consider
• Meeting the challenges of latency measurement
• How the latest developments from FPL could help support your firm’s emerging business needs
For further agenda details please visit: www.fixprotocol.org/latam2012/program

Register Today
All FPL member firms receive a FREE allocation of passes to attend this event and FREE attendance is available for all representatives from the buy-side and regulatory communities.

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