Challenges and Opportunities in Chinese Futures Markets
Chinese futures markets are interesting and unique in many ways such as market access, rules and regulations, role of exchanges and brokers, fee structure, participants, price dynamics, relation to international markets, etc. These unique and important features will be illustrated in details by seasoned industry experts.
Organizer：Chinese Trading & Investment Association (CTIA)
Date/Time: 4:30pm-8:00pm, Wednesday, December 19, 2018
Venue: Drinker Biddle, 191 N Upper Wacker Dr, Chicago, IL 60606
Attire: Business casual recommended
Food/drinks: Food and drink will be provided
4:30 PM - 5:00 PM Sign-in & Networking
5:00 PM – 5:30 PM Dinner & Social
5:30 PM – 5:40 PM Welcome Speech by Tony Zhang
5:40 PM - 6:10 PM Futures Trading in China vs. in the US by Steve Xu
6:10 PM - 6:25 PM Q&A
6:25 PM - 7: 00 PM Microstructure Features and Examples of High Frequency Trading in Chinese Futures Markets by Dr. Donggeng Gong
7:00 PM - 7:15 PM Q&A
7:15 PM - 7: 45 PM Chinese futures markets & innovative businesses of futures companies by Frank Lu
7:45 PM - 8:00 PM Q&A
Steve Xu, partner of Hehmeyer Trading and Investment LLC, ScienceVessel Lab LLC, Shanghai Dituo Investment LLP and president of the CTIA, has 13 years experience in futures trading. In 2005 he started his career in Jump Trading as a trader. In 2009, he joined HTG Capital Partners LLC (later renamed to “Hehmeyer Trading and Investment LLC”) as a partner and built a HFT desk. In 2015, he founded Shanghai Dituo Investment LLP which provides trading technology solutions to traders, hedge funds and brokerage firms in China. In 2017 he founded ScienceVessel Lab LLC which develops cutting-edge trading technologies. In 2008, he founded the Chinese Trading Club which became the Chinese Trading and Investment Association after merging with the Chinese Derivatives Association in 2016.
Futures Trading in China vs. in the US
In this talk, Mr. Xu will illustrate major similarities and differences in futures trading between China and the US.
Dr. Donggeng Gong
Dr. Gong took various leading positions including chief quantitative analyst, first vice president, senior vice president of modeling, director of financial engineering group, director and head quant of automated market making group, CEO of a cofound hedge fund. He wrote over 89 documents and papers about models and strategies, and he has been a guest professor and adjunct advisor of two Chinese financial universities. He has been also serving as the board chair of Shanghai MQT Investments in the last five years for conducting HF trading of Chinese futures.
Dr. Gong’s experience ranges from 1) pure math research including the famous Novikov conjecture conducted in the University of Chicago and two well-known math research institutes (Math Sci Research Inst., Berkeley, and Max-Planck Math Inst., Bonn); 2) stock analysis and investment strategies; 3) full development of futures and options trading systems and risk controls; 4) math models and trading strategies of interest rate and mortgage derivatives, and exotic equity and FX options; to 5) high frequency trading of futures and equity options, which were carried out in three international banks (Fimat, a subsidiary of Societe Generalle Group, ABN AMRO bank, and Bank of America Merrill Lynch) , two hedge funds, and an equity option trading firm.
Microstructure Features and Examples of High Frequency Trading in Chinese Futures Markets
We first describe current HF trading situation of Chinese futures markets, and then mainly discuss microstructure features which are crucial for predicting futures prices by parametric or machine learning methods. Some HF strategy examples will be presented as well.
Frank Lu is Head of Options Trading and Structural Finance in Changjiang Futures in charge of its OTC options trading, Options market making and options CTA business. Previously worked at Kershner Trading Group and Akuna Capital as quantitative trader specialized in equity, energy and agriculture markets. Graduated from Columbia University as master and Tongji University as bachelor.
Chinese futures markets & innovative businesses of futures companies
His talk will focus on 1) latest state of futures companies in China; 2) development of OTC options markets and exchange-traded options markets; 3) futures and options asset management business and 4) prospects of Chinese derivatives markets.
Registration: Register and Pay(please click the link below): Register and Pay Online
Participants: Open to CTIA members, Student and the General public are welcome.
CTIA Member： $35
Non-member : $45
Wednesday 12-19-2018 5:00 p.m.
Seared Sirloin with Red Wine and Caramelized Leek Reduction
Pan Roasted Salmon with Saffron Buerre Blanc
Roasted Winter Vegetables
Wild Mushroom and Barley Pilaf
Winter Citrus Salad with Kale, Toasted Pecan, Grapefruit Supremes, Pickled Pomegranate, Goat Cheese and Blood Orange Vinaigrette
Seasonal Fruit Salad