Futures Industry Association (FIA) Asia today held its annual derivatives conference in Dubai in conjunction with Dubai Gold and Commodities Exchange (DGCX) and Dubai Commodities Clearing Corporation (DCCC). The conference was attended by more than 200 market participants, which included representatives from global exchanges, broker members and traders from all over the world.
The conference, the second FIA event to be held in Dubai, saw discussions on the state of the derivatives industry in the current macro-environment.Exchange representatives discussed their strategies and why these are important to the trading community. Also featured in the discussions were vital topics such as central counter parties, new and existing product offerings, new developments in exchange coverage as well as the impact of regulations on product development.
Participants in the exchange traded derivatives market discussed why they choose certain products and how they are trading them. Panels at the event also saw discussions on trends such as the shift of price discovery from West to East, High Frequency Trading and why the Middle East is an ideal location for conducting business.
Key industry leaders that spoke at the event included: Her Excellency Maryam Buti Al Suwaidi, Deputy Chief Executive Officer for Licensing, Supervision & Enforcement, SCA (Security and Commodities Authority; Harold Duineveld, Managing Director of Audacity Capital DMCC; Tim Plews, Partner Clifford Chance; Sally Sfeir-Tait, Founder and Managing Director of Market Mosaic Limited; Frederic Panizzutti, CEO of MKS Precious Metals DMCC; Eric Salomons, Director and Head of Markets of the Dubai Financial Services Authority; James Lear, Director of Customer Relations of the Dubai Mercantile Exchange (DME); Markus Georgi, Senior Vice President and Head of the Representative Office of EUREX in Hong Kong; Dominic Che, Director of Key Clients and Sales and Clients at Singapore Exchange (SGX); Ian Wright, Chief Business Officer of DGCX; Vineet Bhatnagar, Managing Director and CEO of Philip Capital India Pvt. Ltd and Phillip Futures DMCC; Sandeep Tyagi, Chairman and Managing Director of Estee Capital LLC and Paresh Kotecha, Chairman and Managing Director of Richcomm Global Services DMCC.
The key note address at the event was delivered by Ahmed Bin Sulayem, Executive Chairman of Dubai Multi Commodities Center (DMCC).