Lidia Adamska, Warsaw Stock Exchange
A graduate of the Faculty of Economics of the Warsaw University. Mrs Adamska holds a PhD in economics.
From 1980 to 1991 a fellow researcher at the Faculty of Economics of the Warsaw University, then worked for the Industrial Development Agency and the Polish Agency for Foreign Investment.
From 1994 with the Warsaw Stock Exchange holding various managerial positions.
From June 28, 2006 Member of the Management Board of the Warsaw Stock Exchange.
Member of the Supervisory Boards of the BondSpot and Capital Market Institute- WSE Research (WSE capital group).
Louisjan Bonthuys, Securities and Trading Technology
Louisjan Bonthuys achieved his BSc Technology degree at the University of Pretoria. He joined Securities and Trading Technologies as a software developer and has been actively involved in developing financial market software for the past 11 years. He was promoted to the board of STT in 2007 as Director of Operations and has been instrumental in ensuring that STT’s product ranges makes use of best practice and the latest technology suites as well as ensuring that the derivatives systems and products listed on various markets meets requirements and expectations of their clients.
Jörgen Brodersen, NASDAQ OMX
Jörgen Brodersen is a Senior Clearing Expert and Product Director for the clearing products SECUR and Genium INET Clearing at NASDAQ OMX, based in Stockholm, Sweden.
Mr. Brodersen joined NASDAQ OMX 1990 and is currently responsible for the functional content and road map for the NASDAQ OMX Clearing system offerings. In this role, he is very tightly involved in discussion with clearing houses (both the internal, serving the Nordic Markets as well as external clearing system customers around the world) regarding all aspects of the clearing business including business development, improvement of workflows & processes as well as looking into new services in order to direct the road map of the products in the desired direction requested by the customers. Mr. Brodersen has been involved in the analysis phase of the deployment of clearing system installations for over 15 clearinghouses/exchanges (derivatives CCP) over the world.
Prior to joining NASDAQ OMX, Mr. Brodersen has worked as consultant and project manager within the IT-industry. He has also a Master of Science degree from the Royal Institute of Technology in Stockholm, Sweden.
Yuh Chang Chen, Financial Supervisory Commission
• MBA, National Taiwan University, 1982
• Bachelor, National Taiwan University, 1977
• Chairman of the Board, First Financial Holding Co., Ltd. & First Commercial Bank, Taiwan, July 2008-May 2010
• Chairman, Taipei Smart Card Corporation, 2006–July 2008
• Adjunct Associate Professor, National Taiwan University, 1997–June 2008
• Deputy Mayor, Taipei City, 2006
• Secretary General, Taipei City Government, 1998–2006
• MD, The International Commercial Bank of China, Taiwan, Counselor & Director, Fourth Directorate, Executive Yuan, 1996–1998
• Department Head, Fair Trade Commission, Executive Yuan, 1992–1996
• Section Chief, Deputy Director, Director, and Commissioner, Securities & Futures Committee, Ministry of Finance, 1984–1992
Bella, Chiu, NYSE Liffe
Bella Chiu is Senior Vice President, Asia Pacific for NYSE Liffe, the derivatives business of the NYSE Euronext group. She is responsible for business development and client relationship management in the region covering Hong Kong, Taiwan, and China. Previously Bella was Manager, Business Development Asia and Middle East for Eurex. Born and raised in Taiwan, she has lived in Australia for some years where she acquired her BA in Business and Master of Applied Finance from Monash University, Melbourne. She is fluent in Mandarin, English, Japanese, and Cantonese. She has extensive experience in the fixed income market, equity market, and derivatives market with various roles at National Australian Bank, Interactive Data, GreTai Securities Market bringing her from Australia, to Taiwan, and now Singapore.
Ramir Cimafranca, Newedge
Darius Cipariu, Sibiu Exchange
Mr. Darius Cipariu is involved in the Romanian Derivatives Market since 1998 when he joined SIBEX team during the ealry stages of futures and options market implementation project. His experience gained within SIBEX allowed him to enter in the brokerage field in 2000 as Market Analyst. In 2002 he worked for the Romanian National Securities Commission and in 2004 he came back to SIBEX as Deputy Managing Director to continue the development strategy of this company. During the last five years at SIBEX Mr. Cipariu started a lot of projects designed to expand the local derivatives markets such the developing the trading systems for brokers and clients, launching of new derivatives products and an intense educational program dedicated to the romanian investors. His efforts as the leader of SIBEX operational team were rewarded by a significant growth of the SIBEX market during the last 3 years in terms of turnover (more than 10 million contracts traded).
Paul Constantinou, Trayport Exchange Systems
At Trayport for over 5 years, Paul Constantinou is currently responsible for building the company’s exchange business and developing its partnership programme. Trayport is a leading provider of commodities and securities trading platforms and has an extensive global client base including both Exchanges and Inter-Dealer Brokers active in the cleared and OTC markets. This includes NZX, One Chicago, Jakarta Futures Exchange, Barbados SE, Trinidad & Tobago SE, SIBEX, Bluenext, Bayerische Boerse – greenMarket, Japan Oil Exchange (JOX), ICAP and GFI.
Paul Constantinou has over 25 years experience in the global financial markets specialising in exchange, treasury, capital markets and investment / asset management systems and services. Having been based in London and Bahrain and with long term assignments with financial institutions in New York, Kuwait, Hong Kong, Tokyo and Sydney, Paul has had firsthand experience of the global markets.
Paul has worked in various senior sales, business development and consultancy services roles for a number of software providers, banks and management consultants including SimCorp A/S , The Bank of New York, Bankers Trust Co. (Deutsche Bank) and Deloittes.
Toma Dosteteanu, Romanian Clearing House
I have a degree in Economics since 1996. I joined Sibex in september 1997 at the Clearing Department, one month after the derivatives were launched at Sibex.
In september 1998 Romanian Clearing House was established, in order to replace the former Clearing Department of Sibex and I became the Executive Manager of this new entity, position that I am holding today.
During this period of time I was in charge with the establishing and improving of clearing operations. I supervised also the creation of two trading and clearing systems used by Sibex and RCH from year 2000 to 2009 and the improvement of the risk management software. I also had several training sessions organised by CFTC, Georgetown University, Romanian National Securities Commission, US SEC and Financial Services Volunteers Corps USA.
I am also a regular speaker for training sessions organised by Sibex and Romanian Clearing House and I represent RCH at meetings of AFM and European Association of Clearing Houses.
Tony C. Fan, TAIFEX
Dr. Fan assumed chairmanship of the Taiwan Futures Exchange in July 2010, after his term as Chairman of the Taiwan Depository and Clearing Corporation 2008-2010. From 2001 to 2008, he was Chairman of TransAsian Airways, and chaired the Association of Airfreight Forwarding & Logistics from 2005 to 2008. He was also Chairman of Askey Computer Corp. from 2001 to 2006. From 1997 to 2001, he was Chairman of the Fuhwa Securities Corp. In that capacity, he also served as Chief of the Board of Supervisors at the Taiwan Securities Association, and Supervisor of the Taiwan Futures Exchange. He was a consultant to the Taiwan Stock Exchange during 1984-1987, when the local securities market began to go electronic.
Dr. Fan received his Ph.D in Information Management and Artificial Intelligence from the University of Cambridge, UK, in 1993.
Clive Furness, Contango Markets
Clive is widely recognised as one of the World’s leading independent commodity and derivatives specialists and is the founder of Contango Markets – a company that he has built into one of the world’s foremost commodity, derivatives and market technology consultancies. His knowledge of the many products and sectors within the commodity sphere is unrivalled and it is his unique combination of trading and exchange experienced twinned with his understanding of the role of technology in trading and entrepreneurial flair that have made his services and those of Contango Markets a ‘must have’ for any organisation wishing to develop its commodity market capabilities and offering.
In November 1999, he was a co-founder of Comdaq Ltd, a leading internet physical commodity exchange, where he was responsible for writing the functional specifications for, and launching, four of Comdaq’s fifteen markets. He also undertook all of Comdaq’s marketing and press activity, and advised on the trading and development of Comdaq’s 15 product lines.
Between 1993 and 1999 Clive was a senior executive at LIFFE/London Commodity Exchange (LCE), where he held the posts of Director of Business Development (LCE), Director - Commodity Products, Market Development and Communications Director and Director – Account Management.
Prior to this Clive was a successful coffee trader for 14 years – first as a floor trader with GNI and then running futures and physical books for the J.Aron Coffee division of Goldman Sachs International. Whilst at Goldman he was elected to the Board of the London Commodity Exchange, was chairman of the LCE options and coffee markets and was chairman of the coffee-grading panel.
Clive is a regular speaker and presenter at conferences around the world on a variety of commodity and derivatives related issues.
Roderick Gravelet-Blondin, JSE
Rod represented the South African Department of Agriculture in Europe at the South African Mission to the European Union and in Geneva at the Mission to the United Nations from 1980 to 1990. In June 1995 he moved across to help establish the
Agricultural Markets Division at the South African Futures Exchange (Safex). In 1996 he was appointed General Manager of the Division and assumed responsibility as General Manager: Agricultural Products Division of the JSE Securities Exchange of South Africa when Safex was bought by the JSE Limited in August 2001. The division has been subsequently renamed to Commodity Derivatives after the introduction of contracts on additional commodities.
Prof. Mark Holder, Hong Kong Mercantile Exchange
Mark oversees the research; design and development of new derivatives contracts to be traded by HKMEx. He also supports the Exchanges’ internal and external training programs.
Previously Mark was Associate Professor in financial engineering at Kent State University in the United States. Prior to that, Dr. Holder was a senior economist and group manager at the Chicago Board of Trade, where he participated in the design, launch, and marketing of the Dow Jones Industrial Average futures and futures options contracts. He was also responsible for the Asian market strategic analysis and research.
Dr. Holder is globally sought after as a training consultant for numerous leading investment banks and financial firms; including consulting roles with several regulatory bodies in Hong Kong and China. Mark also serves as treasurer on the Institute of Financial Markets (IFM) Board of Trustees and is the director of the annual Asia-Pacific Futures Research Symposium.
Mark holds a Bachelor of Construction Engineering and an MBA from the University of Akron in the US, as well as a Ph.D in Business Administration from Kent State University. He is a frequent speaker at industry forums and has published over 40 research papers and articles appearing in journals such as Financial Management, Journal of Futures Markets, Applied Economics, Derivatives Quarterly and others.
Austin Hsu, Deutsche Securities Asia Ltd
Austin Hsu started his career at futures filed at year 1999 as futures trader. During his 11 years of career, he has been working at Futures Broker, Financial Holding Company, Top Securities brokerage house and International Investment Bank, servicing major international institutions.
Deutsche Securities Asia Limited, VP, Global Markets Listed Derivatives
Jun 2010 ~
Past Working Experience:
Capital Futures, VP, Head of Institutions sales
Jan 2007 ~ May 2010
Fubon Financial Holdings, AVP , Head of Futures Sales Trading Desk.
Feb 2004 ~ Dec 2006
Seattle University -
MSF, Master Science in Finance.
2007, 2008 Rank #1 for market share (35% yearly) at Foreign Institutions Broking in Taiwan.
Michael Hsih, Eurex Clearing, Asia and Middle East
Eurex Frankfurt AG., Sales Asia & Middle East (Senior Vice President)
2007/09~2008/07 - Yuanta Futures Co., Taipei
Yuanta Futures merged with Fuhwa Futures Co. in 2007 and became the first managing Director of the combined entity.
2005/07~2007/09 - Fuhwa Futures Co., Taipei
Yuanta Securities took over Fuhwa Financial Holding in 2005 and was assigned as Chairman of Fuhwa Futures for transition period.
2004/11~2005/06 - Yuanta Futures Co., Taipei
2003/03~2004/10 - Grand Cathay Futures Co., Taipei
2000/11~2003/03 - Capital Futures Co., Taipei
1999~2001 - Ming Chung University, Taipei
Executive MBA of Finance
• Board of Director, The 3rd Board of Taiwan Futures Exchange, Taipei
• Board of Director, Chinese National Futures Association, Taipei
• Chairman, Business Development committee to CNFA(Chinese National Futures Association), Taipei
• Executive Board of Director, Taipei Futures Association, Taipei
• Chairman, Brokerage Business Committee to TFA, Taipei
Naikuan Huang, TAIFEX
Dr. Naikuan Huang holds a position of Senior Executive Vice President at Taiwan Futures Exchange (TAIFEX) starting 2010. Previously, Dr. Huang served as the Chairman of Taiwan Certificate Authority Inc. In 1989 he joined the Taiwan Stock Exchange (TWSE) and served as Head of IT, Economic Research, Market Surveillance until 2002. He was the Executive Vice President for Member Compliance, International Affairs, Corporate Planning and Communications there during 2003 and 2008. Prior to joining the Taiwan Stock Exchange, Dr. Huang was an Assistant and then Associate Professor of Electrical Engineering at the University of Minnesota from 1984 to 1991. He was a Research Engineer at Transaction Technology Inc., a fully owned subsidiary of Citicorp Bank Holding, Inc. in 1984. Dr. Naikuan Huang received his Ph.D in Electrical Engineering from the University of Southern California in 1983.
Michael Jesch, bankon Management Consulting
In 2007 Michael Jesch joined bankon Management Consulting in Munich as partner to further develop bankon´s international activities with special focus on energy/commodity trading and clearing related issues besides also providing services to the exchange and banking community on IT related topics. Current activities are focused on China.
Michael started his career in various senior functions with internationally operating banks in trade finance with special focus on Central and Eastern Europe. From 1997 – 2003 he was senior manager for Clearing Bank of Hanover (CBH), Germany´s first commodity clearinghouse. CBH set up clearing solutions for exchange and OTC trading of financial and physical power contracts as well as for agricultural derivatives. Michael was the project manager for most of these ventures and had a strong involvement in the overall business development.
In 2004 he founded EMJ Commodity Consulting as an independent service provider in co-operation with Maycroft Consultancy Services in Amsterdam. The company participated in various international energy and commodity related projects.
Michael Lin, Taiwan Stock Exchange
Michael Lin is Senior Executive Vice President of the Taiwan Stock Exchange Corporation (TWSE) and he has also been the Chairman of the Taiwan Ratings Corporation since July 2010. Based in Taipei, he is responsible for managing several TWSE operating units, including system development, computer operation, market data and corporate system, legal and secretarial services and corporate communications. He proactively encourages two-way dialogue between global investors and the Exchange and has successfully pushed for market reforms to open up Taiwan market.
Mr. Lin joined the TWSE in October 2006. Before assuming his current post, he was SEVP of the Taiwan Depository & Clearing Corporation (TDCC). Prior to his tenure at TDCC, from 1990 to 2006, Mr. Lin worked at the Financial Information System Center and Post Office for 15 years.
Born in May 1951, Mr. Lin holds a L.L.B. degree from the National Taiwan University. Mr. Lin earns a Master's in MIS (Management Info Systems) from the National Chengchi University in 2005.
Maurice Lu, Yuanta Futures
2008/07 ~ present Vice Chairman & President, Yuanta Futures Co., Ltd.
Director of the Board of Taiwan Futures Exchange.
Standing Director and Chairman of International Committee of Chinese National Futures Association.
Director of Futures Industry Association (FIA) Asia.
2002/03 ~ 2008/06 President & Director, Sinopac Futures Corp.
1997/11 ~ 2002/03 President & Director, KGI Futures Corp.
1996/11 ~ 1997/11 Head of Forex, Societe Generale Bank Taipei
FIMAT Futures, Taiwan Branch, General Manager
1992/08 ~ 1996/11 General Manager, Cargill Investor Services Inc. Taiwan Branch
1989/02 ~ 1992/08 Financial Consultant, Merrill Lynch, Taiwan Branch
1985 Master of Business Administration, University of Dallas, Texas, USA
1999 Listed on Marquis Who’s Who in the World.
2000 Outstanding Business Leader, the 5th Golden Yi Award, Taiwan SFC.
2000 Baron’s Asia 500 Leaders.
2000 Listed on Taiwan Elites.
Charles Lui, Optiver Taiwan Co. Ltd.
Charles Lui is the Chairman of Optiver Taiwan Futures Co., Ltd.; he joined Optiver’s Sydney office in 2001 after graduated from University of New South Wales majoring Actuarial Studies and Finance. He was an equity derivatives trader and manager for Asia markets in Optiver’s Sydney office. In 2005, Charles was appointed to set up Optiver group’s Taiwan operation and took the General Manager position of Optiver Taiwan Futures.
Optiver Group is a global proprietary trading house focus on derivative products market making. It is currently participating in most developed markets, provides continuous markets and liquidity for exchange derivative products.
Sergey Mayorov, MICEX Russia
Sergei Mayorov is a Director for Market Technologies of the Moscow Interbank Currency Exchange (Micex), which is the primary financial marketplace in Russia. In previous positions with the Micex, he was in charge of government securities market and derivatives market.
Sergei Mayorov graduated from the Moscow State University (economic faculty) in 1981. While working in various academic institutes of Soviet Union/Russia, he specialised in market economies studies and got Ph(D). Since 1992 he has been with the industry, and since 1993 - with the Micex.
Thomas McMahon, Singapore Mercantile Exchange
Mr Thomas J. McMahon is Chief Executive Officer of Singapore Mercantile Exchange. Mr. McMahon brings with him over 25 years of industry experience in derivatives and commodities across Asia and USA. Prior to joining SMX, he was President of Hong Kong Mercantile Exchange and former Director of NYMEX Asia.
Mr. McMahon joined NYMEX as director of Asia after acting as an advisor to the Exchange in its agreement to link NYMEX ACCESS® with the Tokyo Commodity Exchange in 2004. In launching NYMEX Asia, Mr. McMahon brought the established Energy and Metals contracts of the exchange to the Asian business community and instituted a development program for Asia region specific contracts. In September 2005 NYMEX launched Singapore 180 fuel oil swap. This was followed by a 380 bunker swap and the East West Swap, tying the European refiners market to Southeast Asia. In the course of launching the new products Mr. McMahon established good working relationships with the various regional regulatory agencies including the SFC, CSRC, MAS, METI, MOF, FMC and DFSA. From 1993 to 2003, Mr. McMahon was an owner-operator of Gaslink.Com, focusing on the order execution of natural gas futures and options contracts. He began his career as a member of the New York Cotton Exchange and the New York Coffee, Sugar and Cocoa Exchange which is now a part of the IntercontinentalExchange. He became a member of NYMEX in 1982. In 1984, he served as vice chairman of the petroleum advisory committee, prior to the launch of the gasoline futures contract. Mr. McMahon was elected onto the NYMEX board of directors in 1987 and served as chairman of natural gas advisory and petroleum delivery committee leading up to the launch of the natural gas futures contract.
Paul Meier, SFOA
Paul Meier is a retired Director of UBS Investment Bank in Zurich.
Born in 1947, Paul grew up in Kilchberg near Zurich. After finishing his schooling, he joined the international trading house of Volkart Brothers in Winterthur, which dealt mainly in coffee and cotton. Following his two-year training, he was transferred to New York to work in the administration of their machine tool division. What was initially a two-year stint turned out to be 17 years. The machine tool division was closed in 1973 but, newly married, he wanted to stay in New York so he took a job in the coffee division of the firm. In 1975, he was entrusted with building up the derivatives department for Volkart’s worldwide commodity trading network.
Paul managed Volkart Brokerage Inc., later known as Marshall, French & Lucas, for ten years before deciding to return to Switzerland at the end of 1985. He joined UBS in Zurich, which had just started up a new section to handle its exchange traded derivatives dealings. He was active on the trading side as well working on internal and external education. After the merger of UBS and SBC in June 1998, he took a step back from the hustle-and-bustle of trading and was active in Client Relations Management and Education.
Given his and his employer’s belief that it is necessary not only to further develop the knowledge and use of Derivatives but also to have a platform to network, share ideas and broaden viewpoints, he joined the board of SFOA in 1997 and became its Chairman in 2001. He stayed on after his retirement as a public member.
Ted Peng, TAIFEX
Ted Peng is the Senior Vice President of the Compliance Department at Taiwan Futures Exchange (TAIFEX), where he has worked since 2005. Prior to the current position, he served as the head of the Trading Department and Chief Internal Audit Executive. During his stay at TAIFEX, he has participated and played an important role in the development of new products as well as the planning of new measurements. Ted Peng has tremendous experience both in derivatives and cash markets. Before joining TAIFEX, he worked for Taiwan Stock Exchange (TWSE) for 19 years. His experiences there covered listing, trading, compliance, and included being in charge of several developments of new products and market supervising mechanisms. He served as the Senior Vice President of the Administration Department before leaving TWSE. Ted Peng graduated from National Chengchi University with a Bachelor in Business and holds an MBA degree from University of North Texas, USA.
Nils-Robert Persson, Cinnober
Nils-Robert Persson is executive chairman of the board for Cinnober Financial Technology, the Sweden-based provider of sophisticated solutions for trading and clearing venues. Prior to joining Cinnober, Persson worked for a number financial institutions, including almost ten years at OMX (Formerly the OM Group) where he was CEO for OM Stockholm and deputy CEO for the OM Group with responsibility for the Transaction division including all exchanges and clearing houses in the group. In the international arena Persson has been appointed board member in the European Association of Clearing Houses (EACH), and a member of the (International Option Markets Association) (IOMA).
Kristian Schach Moller, ACE Africa
Kristian is managing the Agricultural Commodity Exchange for Africa, based in Lilongwe Malawi. Kristian is from Denmark, but has lived in Malawi since 2005 were he was initially focused on setting up the essential commodity exchange structures such as regulations, contracts, development of the trading system and sensitisation of potential regional members. ACE has now operated live for 3 years with member in 5 countries, facilitating trade predominantly from the small scale sector. Kristian’s main focus since commencing trade has been to organise farming groups, promote bulking of output, empower and educate cooperatives and NGOs, establish structured trading systems, design a market information system and finally to promote a warehouse receipt system for Malawi to secure agricultural investments, collateral financing and liquidity in the markets. Parallel to the operational aspect Kristian manages donor relations, drafts technical proposals, certifies brokers and designs and conducts training courses mainly in that areas of marketing, market tools and value chain application. Kristian holds a Master of Law and a Master of International Business and is a certified Arbitrator.
David Setters, Contango Markets
For 24 years David spearheaded the commercial activities of FOW Ltd (formerly Futures and Options World) building its excellent reputation in the exchange-traded derivatives space. He was Publisher/Managing Director for 18 of those years.
During that time he launched the monthly FOW Magazine and the industry newsletter Futures and Options Week. He also oversaw publication of the group’s electronic services and specialist titles including Directory of World Clearing Houses and International Futures and Options Databook, which preceded FOW Tradedata. He also worked with colleagues on the hedge fund industry’s first ever newsletter, MAR Hedge.
He organised the inaugural London futures industry conference in association with the FIA in 1987 and established FOW’s Annual Derivatives Exhibition in London in 1991 followed by similar events in Frankfurt, Singapore, New York, Sydney, Milan, Kuala Lumpur, Stockholm, Madrid, Moscow, Hong Kong and Shanghai.
He has a detailed knowledge not only of the exchange/trading venue/clearing house sector but also of the trading technology and transaction processing business gained through his time at FOW and subsequently through projects undertaken as Senior Associate at Contango Markets. These include business/product development, market infrastructure/clearing and marketing/communications projects undertaken for clients in established and emerging markets.
He maintains relationships with leading industry trade associations and trade press, assisting them with high-level event management, and has written for important industry publications including Profit & Loss, International Banking Systems and FOA Infonet.
Gang Shyy, TAIFEX
Dr. Gang Shyy is vice chairman of Fubon Securities, a subsidiary of Fubon Financial Holding, and TAIFEX Board Member. He has been working in the derivatives/structured product markets for nearly two decades. He was Director of Research at Bridgewater Associates (US) in charge of quantitative trading system design and risk management. Returning to Taipei, he worked as a professor and Chairperson of Department of Finance at National Central University in Taiwan and his research articles were published in Journal of Futures Markets and Journal of Banking and Finance. He joined Fubon Financial Group and established warrant trading and futures arbitrage desks. In addition, he was head of a securitization project team and launched the first real estate REIT in Taiwan. Dr. Gang Shyy has a Ph.D. degree in Economics from City University of New York and lives in Taipei.
Chris Strugess, JSE
Chris joined the South African Agricultural Derivatives Market known as SAFEX, while it was still in its infancy stage back in 1997. Since then he has been part of a small dedicated team that has focused on the growth and developed of the agricultural market. This has provided an opportunity to specialize in all spheres of the exchange business, from trading through to clearing including the challenges of physical delivery and the required environment to facilitate this.
Vladzimir Torchyk, Belarusian Universal Commodity Exchange
David Tsoi, Techlink System Consultancy, Hong Kong
David Tsoi is an independent consultant who has more than twenty five years experience in designing and implementing mission critical trading systems for:
• Hong Kong Exchange,
• Shanghai Stock Exchange, and
• National Stock Exchange of India (NSE).
In the recent NSE projects, he is the chief architect who helps NSE migrate the trading system from a proprietary fault tolerant platform to Linux platform with full scalability design to handle future growth in transaction volume. The new trading platform can also offer low latency meeting the stringent requirements of high frequency trading using collocation centers.
In the various exchange projects, he has played different roles, including:
• Developing business processes,
• Defining business requirements,
• Defining trading network requirements,
• Designing system architecture, and
• Various system implementation tasks.
He has also performed similar roles for:
• National Securities Depository of India,
• Power Exchange of India,
• National Commodity & Derivatives Exchange of India, and
• National Depositories of Philippines.
Daniel Tzang, Eurex Clearing, Asia and Middle East
Specialities: Futures and Options, Asset Securitization, Fixed Income Securities
8/1985 – 8/1986 MS in Finance University of Illinois, Urbana Champaign
9/1978 – 5/1985 Ph.D. in Economics University of Illinois, Urbana Champaign
9/1972 – 6/1976 B.A. in Economics National Cheng-chi University, (Taipei, Taiwan)
4/2010 - Senior Consultant, Eurex
12/2008 - Independent Board of Director, Shanghai Orient Securities Futures (Shanghai, China)
3/15/2006 – 7/15/2006, Consultant, Shanghai Futures Exchange
Participated in the preparatory works of China Financial Futures Exchange
2/25/2003 – 5/16/2005 Senior Executive Vice President, Taiwan Securities Central Depository (TSCD)
Supervised Business Development, Finance, Administration Divisions
9/6/1997 – 2/24/2003 Senior Executive Vice President, Taiwan Futures Exchange (TAIFEX)
Supervised Business Development, Information Technology, Clearing, Compliance Divisions
2/1/1997 – 9/5/1997 Deputy Director
Preparatory Office, Taiwan Futures Exchange
1/10/1991 – 1/31/1997 Professor and Department Chairman (Founding Chairman)
Department of Finance, National Chung-Cheng University, (Chia-yi, Taiwan ROC)
Taught Futures Market, Real Estate Finance
6/1989 – 9/1991 Associate Professor
Department of Finance, California State University San Francisco Campus
Taught Real Estate Finance, Financial Management
8/1988 – 5/1989 Assistant Professor
School of Business, University of Pacific
Taught Financial Management, Derivatives Market, Real Estate Finance,
8/1986 – 7/1988 Assistant Professor
Department of Accounting and Finance,
Chicago State University (Chicago, Illinois)
Taught Financial Management, International Finance, Derivatives Market, Real Estate Finance,
Eighteen journal articles published in:
- The Journal of Futures Markets,
- Journal of Real Estate Research,
- Appraisal Journal,
- Business Finance in Less-developed Capital Markets,
- Review of Securities and Futures Markets (Chinese),
- Taiwan Futures Review (Chinese)
Seven books in Chinese related to Futures and Options, Asset Securitization, Real Estate Investment Trust
Alan van Griethuysen, NYSE Euronext
Alan van Griethuysen (49) began his career at the European Options Exchange. When the EOE merged with the Amsterdam Stock Exchange Association in 1997 to create Amsterdam Exchanges, he was appointed Deputy Director of the derivatives market responsible for the floor to screen migration of the Amsterdam options and futures products from 1998 to December 2002. In 2000 he was promoted to the position of Director. Following the initial three-way merger of the local exchanges of Amsterdam, Brussels and Paris to form Euronext, he was promoted to Executive Director of derivative markets. The subsequent acquisition of LIFFE, saw him appointed Executive Director of Sales in 2003. With the creation of NYSE Euronext, Alan also assumed responsibility for strategic development of the Asian market. In April 2009 he was appointed Regional Business Head; as Executive Director he is responsible for Benelux (Belgium, Netherlands and Luxembourg), Germany, Scandinavia, Switzerland, Asia, and also for Business Intelligence and Dutch & Belgium Retail Services.
Rosemary Wang, Securities and Futures Bureau
Ms. Rosemary Yung-Hsin Wang is the Deputy Director-General of Securities and Futures Bureau (SFB). She is responsible for supervision of the securities secondary markets, futures market and investment funds. She also serves as the committee member of Labor Pension Fund Supervisory Committee.
Ms. Wang has been working with the SFB for more than 21 years. Prior to her current position, she worked for Securities Investment Trust and Consulting Division, Securities Trading Division, Corporate Finance Division and International Affairs Division, taking charge of securities investment trust and consulting companies, margin trading, securities trading system, market surveillance, enforcement of illegal trading, public listing and foreign investments as well as related matters.
Ms. Wang acquired her MBA degree from National Chengchi University, Taiwan.
Steve Wang, TAIFEX
Steve C. Wang has served as President at the Taiwan Futures Exchange since July 2006. Previously, he was the Vice Chairman at Polaris MF Global Financial Futures. Prior to joining Polaris MF Global Financial Futures, he served as President of Fuh-Hwa Futures Corporation. From 1993 to 2003, he was President of Grand Cathay Futures Corporation.
Mr. Wang worked at the Chicago Mercantile Exchange as the Director of Asian Development and previously worked for Dean Witter in Chicago as Vice President in Institutional Futures and Options Division.
Mr. Wang has extensive experience in Taiwan’s futures industry. He was the Chairman of the Chinese National Futures Association. Besides, he was one of the committee members appointed by the Taiwanese financial regulator to review Taiwan’s futures law and regulations, and took part in the preparatory committee for the Taiwan Futures Exchange.
Barry White, Patsystems
Barry White has 23 years experience in the Futures and Options trading industry and was appointed Regional Director of Asia Pacific for Patsystems in 2007. He was formerly in sales management with ISV Real-time Systems for 5 years and has also worked with a number of exchanges in England and Australia including ICE, NYSE Euronext and the ASX.
Megain Widjaja, Indonesian Commodity and Derivatives Exchange (ICDX)
Megain Widjaja is the Chief Executive Officer of ICDX since 2009. Megain is one of the key members of the start-up committee for ICDX. Megain is responsible to set up the organization’s vision and developing multiple growth strategies to expand ICDX core products and offerings and the same time working closely together with regulators to enhance the development of derivatives industry in Indonesia.
Mazlan Yahya, Bursa Malaysia Derivatives
Mazlan Yahya is the Head, Operations & Risk Management of Bursa Malaysia Derivatives overseeing the exchange operations, clearing & settlement operations, risk management and market access departments. He has over 18 years of working experience in the financial industry serving in various capacities in the banking, equities and derivatives sectors. He has held various positions within the Bursa Malaysia Group which include Head Risk Management, Head Clearing & Settlement Operations and Head Operations, Derivatives Clearing & Settlement.
Mazlan Yahya holds a degree in Business Administration majoring in Finance from University of Miami, US and a Diploma in Investment Analysis from Universiti Teknologi Mara, Malaysia.
Daniel Yang, Polaris International Securities Investment Trust Co. Ltd
Chief Investment Officer – POLARIS International Securities Investment Trust (SITE)
8 years of experience at POLARIS SITE
12 years of investment and securities trading related experience
MS in Institute of Information Management, National Chiao Tung University
8th Gin Yi Award "Outstanding Person of Talent in Investment Trusts and Consulting Field" by the Securities and Futures Institute of Taiwan
Daniel Yang joined POLARIS SITE in July 2002 and is currently CIO of the company. He was awarded Gin Yi Award "Outstanding Person of Talent in Investment Trusts and Consulting Field" by the Securities and Futures Institute of Taiwan. He was handed the task of developing first ETF product in Taiwan when he first joined the company in 2002. He became portfolio manager of the ETF after his success in launching the product. He subsequently managed Polaris Global REITs Fund and then Polaris Win Win Balanced Fund; the former was awarded 9th Gin Yi Award "Financial Innovation" and the latter 12th Best Fund Award by Taipei Foundation of Finance.
Before joining POLARIS SITE, Daniel Yang was head of Futures Proprietary Trading desk in POLARIS Securities Group. He held the position of market maker for Taiwan Index Option and was a trader of arbitrage and spread trading between 1999 to 2002.
Tae Yoo, CME Group
Tae Yoo serves as Special Advisor to CME Group’s Chief Operating Officer within the Offices of
the President and COO. Previously, he was Director, Head of Strategic Sales and Administration, Asia with responsibility for developing and executing CME Group’s business and sales strategy in Asia. Yoo has 15 years of futures industry experience. He joined CME Group in 1997.
Yoo was part of CME Group’s Asia business development strategy team and played key role in developing various business ventures for CME Group including the KOSPI 200 futures listing agreement with KRX on CME Globex, establishing a telecommunication hub in Seoul and listing Asia-based CME Group products. In 2003, he was a part of project lead team on the agreement of the common clearing link with the Chicago Board of Trade. While in the clearing division, he served as risk management and team leader specializing in CME interest rates, foreign exchange and equity products. He led cross‐margining projects with the Options Clearing Corporation (OCC), the Fixed Income Clearing Corporation (FICC), New York Mercantile Exchange (NYMEX), and London Clearing House (LCH), using the Standard Portfolio Analysis of Risk® (SPAN®) System. He has been named an inventor on seven U.S. patents on derivative risk management margining applications.
Prior to joining CME Group, Yoo was an Associate Vice President of Asia Business Development at Sumitomo Mitsui Bank (formerly Sakura Dellsher, Inc.) in Chicago and an associate at Goldman Sachs & Co. in Chicago. He holds a bachelor’s degree in business administration from the University of Notre Dame and a Masters degree in financial markets and trading from the Stuart School of Business at the Illinois Institute of Technology. He also completed the Graduate Student AL program at the University of Chicago, Graduate School of Business.