Agenda Monday September 15th, 2014 10:00‐22:00 Registration 17:30‐19:30 Dinner Tuesday September 16th, 2014 I. Opening Addresses 08:30‐08:40 Opening ceremony 08:40‐08:45 Chairman’s opening remark William Mitting, Publisher, FOW 08:45‐08:55 Welcome address by CSRC Representative from CSRC 08:55‐09:05 Welcome address by Dalian Municipal Government Mayor of Dalian Municipal Government 09:05‐09:15 Welcome address by Dalian Commodity Exchange Liu Xingqiang, Chairman, Dalian Commodity Exchange II. Keynote Speeches 09:15‐09:45 Construction of China’s Options Market Representative from CSRC 09:45‐10:15 The Significance of Options Market’s Construction for National Economic Senior Economist 10:15‐10:30 Coffee Break III. Panels 10:30‐12:00 Exchanges Panel Leading figures from global exchanges will discuss issues, experiences and lessons learned in developing options markets in the West, China’s market potential, and cooperation with global exchanges. Global exchanges’ experiences and lessons learned in developing options markets, including the development path of each market, investor structures and trading models, and market risks and solutions  The impact of clearing infrastructure evolution on the development of the options market  The potential for China’s options market, pilot products for options trading, and the performance of simulated options trading  Trading models in the early stages of China’s options market, as well as its investor structures and risk management  The strategy and procedures of China’s options market development, and the cooperation with global exchanges Panelists: (to be confirmed) Senior Representatives from ‐ Hong Kong Exchange (HKEx) ‐ Chicago Mercantile Exchange (CME) Group ‐ Chicago Board Options Exchange (CBOE) ‐ Euronext Exchange ‐ Singapore Exchange (SGX) ‐ Dalian Commodity Exchange (DCE) ‐ Shanghai Futures Exchange (SHFE) ‐ Zhengzhou Commodity Exchange (ZCE) China Financial Futures Exchange (CFFEX) ‐  12:00‐13:30 Lunch 13:30‐14:30 Commodity Options Panel This panel will focus on how industry, finance, and professional institutional investors’ use commodity options for their risk management requirements. The importance of risk management in the commodity futures market, and the methods of hedging price risks by using options  Factors influencing option prices, and reasonable pricing of commodity options  General strategies of commodity options trading  Commodity financialization and its impact Panelists: ‐ Bernard Lock, Managing Director, Global Macro Concepts (Moderator) ‐ William C. Purpura, Chairman, Northport Commodities Pte Ltd ‐ W. Martin Aiken, Senior Advisor, Efficient Capital Management ‐ Lee Lian Tuck, Director, Head of Commodity Desk, UOB Bullion and Futures Limited ‐ Paul Sacks, Principal & CIO, Aurum Options Strategies, LLC ‐ Wang Yufei, Director of Agricultural Products, Dalian Commodity Exchange ‐ Chen Tao, Chairman, Louis Dreyfus China (to be confirmed) ‐ Fei Zhonghai, Director, Risk Management of Commodities, COFCO (to be confirmed)  14:30‐15:30 The Transition from Futures to Options Much more complicated than futures, options trading requires new comprehensive risk management and operational systems. This panel will discuss the best practices of options risk management to enable investors to better prepare for options trading. Application of options in industrial risk management What is the impact of using options on asset management strategies  What are the major issues, new ideas and technical solutions within risk management of options trading  What are the necessary back office preparations for options trading Panelists: ‐ Charles Lui, General Manager, Optiver (Shanghai) Trading Co Ltd (Moderator) ‐ Bill Herder, Executive Director, FIA Asia ‐ Vincent J.Turcotte, Managing Director, Head of Futures & Options Asia Pacific, Nomura ‐ Stephane Targui, Head of FX Sales, Jefferies Singapore Limited ‐ Zhang Yingjun, Director of Trading, Dalian Commodity Exchange ‐ Ma Wensheng, Chairman, Xinhu Futures Co Ltd (to be confirmed) ‐ Wu Jianhua, Vice General Manager, Galaxy Futures Co Ltd (to be confirmed)   15:30‐15:45 Coffee Break 15:45‐16:45 Market Makers Panel Major international options market makers will be invited to discuss options market‐making methods, and share experiences to explore the best practices of options market‐making. What are the challenges of options market‐making and experiences from international markets  Options market makers in China, the structure, mechanism and design of the Chinese options market maker system  Methods of effective pricing and risk control management for market makers  The risks of market‐making and the regulatory requirements in China Panelists: ‐ Natasha Xie, Partner, Junhe Law Offices (Moderator) ‐ Farid Moslehi, Managing Director, KCG Asia Pacific ‐ John Lee, Director and Head of Trading, Susquehanna Pacific Pty Ltd ‐ Justin Cheng, Managing Director, IMC Financial Markets ‐ Tony Saliba, CEO of LiquidPoint, LLC & Founder of International Trading Institute, LLC ‐ Ari Pine, Principal, Global Gamma, LLC ‐ Chen Anping, Deputy Director of Trading, Dalian Commodity Exchange ‐ Xie Minzhong, Chief Financial Officer, Citics Futures Co Ltd (to be confirmed)  16:45‐17:45 Technology Panel Compared with futures and stocks trading, options trading requires totally different IT systems. This panel will discuss the latest global initiatives in options trading technology as well as the next generation technology for options trading. The unique features of Chinese market’s demand for technology, and new requirements for technology in options trading  What are the next disruptive products and the outlook for change brought by technology innovation  What new requirements on risk control regulation are posed by trading technology innovation Panelists: ‐ Zuo Tao, Chief Architect, Dalian Commodity Exchange (Moderator) ‐ Keith Todd CBE, Chairman, FFastFill ‐ Ken Chan, General Manager, North Asia, RTS Realtime Systems ‐ Senior Representative from Trading Technologies (to be confirmed) ‐ Richard Leung, Senior Vice President & Co‐Head of Information Technology Division, HKEx (to be confirmed) ‐ Managing Director of Trading Technology, CME (to be confirmed) ‐ Head of Options Technology, CBOE (to be confirmed)  17:45‐18:00 Conclusion Li Zhengqiang, President, Dalian Commodity Exchange 18:00 End of Conference To register, visit FOWevents.com About Dalian and the DCE Dalian, compared to ancient capital cities such as Beijing, Xian, Nanjing or Luoyang, is a young city with only a 100‐year history. Situated at the tip of China’s Liaodong Peninsular, it is a major trading and financial center for North‐Eastern Asia and has gained the name the “Hong Kong of Northern China”. Founded on February 28, 1993, the Dalian Commodity Exchange is one of the four futures exchanges in China and the only futures exchange in North‐Eastern China. Among its 15 listed futures products approved by the CSRC are corn, No.1 soybeans (non‐gmo), No.2 soybeans (gmo), soybean meal, soybean oil, RBD palm olein, linear low density polyethylene (LLDPE), polyvinyl chloride (PVC), coke, coking coal, iron ore, egg, fiberboard, blockboard and polypropylene (PP). By the end of 2013, DCE had had 173 member companies, 180 designated delivery warehouses, and over 1.7m investor accounts. In 2013, DCE traded 701 million lots and RMB 47.15 trillion in trading volume and turnover. DCE was the 11th largest exchange in the world by volume in 2013.