SPRING Conference 2022

April 28 & 29 / Willard Hotel, Washington DC

Thursday April 28 - All member events in the Crystal Room

10 AM - 11:30 AM - NOIP Board Meeting, Pershing Room

11:45 AM - 12:45 PM - Networking Lunch - While COVID may have kept us apart, NOIP has continued to welcome new members.  This will be our chance to get to know them, and for them to meet us.  Let's gather at lunch and get reacquainted. 

12:45 PM - 1:30 PM - US Equity Market Structure: Where Do We Go From Here?

This panel will feature buy-side, sell-side and exchange representatives expressing views about whether and how US equity trading regulations should change, as the Securities and Exchange Commission prepares what many expect will be a wide-ranging set of reforms to address growing retail participation and off-exchange internalization. We’ll cover such topics as payment for order flow, the impact of rising off-board market share on public price discovery, potential adjustments to tick-size rules and other potential ways to address the gap between on- and off-exchange regulations.

Moderator - Sapna Patel* - Head of Americas Market Structure and Liquidity Strategy, Morgan Stanley

Clare F. Saperstein, Head of Equities, New York Stock Exchange

Jennifer Hadiaris* - Managing Director, Head of Global Market Structure, Cowen and Company 

Simon Emrich, Head of Market Structure Strategies, Norges Bank Investment Management     

JJ Kinahan- Chief Market Strategist and Vice President, Tastytrade Inc

1:30 - 2:00  PM - Congressman Tom Emmer (R-MN 6th District)

An update from Capitol Hill followed by Q&A moderated by Jim Toes*, President and CEO of the Securities Traders Association

Bio:  RepEmmerBio.pdf

2:00 PM - 2:45 PM - The Midterms and Markets - Blue Ridge Policy and Law

This panel will offer commentary on the key races in the upcoming mid-term elections, prognosticate about the odds of the Republicans regaining a majority in the House and/or Senate, and opine on how the outcome of the elections could shape regulatory priorities in the second half of President Biden’s first term.  The panel will feature former staffers from both sides of the aisle of the Senate Banking Committee, House Financial Services Committee, and Securities and Exchange Commission who will share their insights on the inside baseball of the intersection of Congress with the financial services regulators. 

Moderator - Ben Brown, Principal, Blue Ridge Law & Policy (former Counsel to SEC Commissioner Dan Gallagher)

Jillian Fitzpatrick, Managing Director of Government Affairs, Blackstone -  (former Senior Policy Advisor to Senator Heitkamp (D-ND) and Staff Director of the Senate Banking Subcommittee on National Security and International Trade & Finance)

Jay Khosla, Senior Vice President of Corporate Affairs, Humana -  (former Chief Economic Counsel to Senate Majority Leader McConnell (R-KY) and Staff Director of the Senate Finance Committee)

Walton Liles, Principal, Blue Ridge Law & Policy - (former Senior Counsel to the House Financial Services Committee)

2:45 PM - 3:25 PM - SEC ATS Proposal - Is Everything an Exchange?

This panel of experts will discuss the SEC’s recent ATS proposal and the broad reach of the new concept of “Communication Protocol Systems” across equities, fixed income and crypto.  A candid discussion about the unintended consequences of changing the “exchange” definition and the application of certain Reg ATS requirements to government securities and treasuries, as well as the ramifications of a new combined Form ATS-N for fixed income and equities ATSs.

Moderator - Bojan Petrovich*, Global Head of Equity Trading, JP Morgan Asset Management

Tara Muller, Head of Off Exchange Liquidity, Virtu

Vlad Khandros*, Head of Corporate Development, Trumid                                                             

Georgia Quinn, General Counsel, Anchorage Digital                     

Gary Stone, Regulatory Analyst and Market Structure Strategist, Bloomberg

3:25 PM - 4:00 PM Congressman French Hill (R - AR 2nd District)

An update from Capitol Hill followed by Q&A moderated by Walton Liles of Blue Ridge Policy and Law

Bio:  AR02 (115) -- French Hill -- Bio (Banking).pdf

4:00 PM - 4:30 PM - Regulatory Developments Update - Jim Burns - Willkie Farr & Gallagher, LLP 

Jess D’Alton* will interview Jim Burns, NOIP’s Legal Counsel, on the latest developments from securities regulators, and what we can expect to see in the coming year.  Jim is a partner with Willkie Farr in Washington, and previously served as Deputy Director of the SEC’s Division of Trading & Markets and as Counsel to the Chairman of the SEC.

Bio: JimBurnsBio.pdf

4:30 - 5:00 PM - Congressman Jim Himes (D- 4th District CT)

An update from Capitol Hill followed by Q&A moderated by T.R. Lazo*, Chief Legal Officer, BIDS Trading

Bio:  RepHimesBio.pdf

5:00 - 6:00 PM - Free time

6 PM - 7 PM Cocktails at he Ronald Reagan Building and International Trade Center

Directions: Please follow the middle set of directions on the attached page: Pavilion.pdf

7 PM - Dinner and Keynote by Joe Moglia

In 1984, Joe Moglia entered the MBA Training Program at Merrill Lynch, where there were 26 people—25 MBAs and one football coach (Joe). By 1988, he was Merrill Lynch's No. 1 producer in the world. By the time he left, he had been a member of both the Institutional and Private Client Executive Committees, and his final responsibilities were all Investment Products, the Insurance Company, the 401(k) Business and the Middle Market Business.

Joe became the CEO of TD Ameritrade in 2001, and when he stepped down in 2008, shareholders had enjoyed a 500% return. In 2009, he became chairman of the board. TD Ameritrade was acquired by Charles Schwab in late 2020. The combined company is worth $150 billion and has client assets of approximately $8 trillion. When Joe arrived, these numbers were $700 million and $24 billion.

Joe will share his thoughts on management style and leadership and will be joined on stage for Q&A by Tim Mahoney*.

Friday April 29 - All member events in Crystal Room

7:30 AM - 8:30 AM - Breakfast and NOIP Annual Meeting

8:30 AM - 9:00 AM - Congressman Warren Davidson (R-OH 8th District)

An update from Capitol Hill followed by Q&A moderated by Jennifer Bang of SIFMA

Bio:  RepDavidsonBio.pdf

9:00 AM - 9:30 AM - Congressman Bill Huizenga (R-MI 2nd District)

An update from Capitol Hill followed by Q&A moderated by Rich Steiner* of RBC

Bio:  RepHuizengaBio.pdf

9:30 AM - 10:00 AM - Congressman Josh Gottheimer (D - NJ 5th District)

An update from Capitol Hill followed by Q&A moderated by Rich Steiner* of RBC

Bio:  RepGottheimerBio.pdf

10:00 AM - 10:15 AM - Break

10:15  AM - 11:00 AM Helima Kroft - Managing Director and Global Head of Commodity Strategy and MENA Research, RBC Capital Markets

Helima is a Managing Director and the Head of Global Commodity Strategy and Middle East and North Africa (MENA) Research at RBC Capital Markets. She specializes in geopolitics and energy, leading a team of commodity strategists that cover energy, metals and cross-commodity investor activity. Helima is a member of the National Petroleum Council, a select group of individuals who advise, inform and make recommendations to the Secretary of Energy with respect to any matter relating to oil and natural gas.

Helima will be joined by NOIP member Mee Warren of Kula Investments, LLC for this engaging fireside chat.

Bio:  Helima_Bio_2020.pdf

11:00 AM - 11:45 AM - SEC Commissioner Hester M. Peirce

Hester M. Peirce was appointed by President Donald J. Trump to the U.S. Securities and Exchange Commission and has served on the Commission since January 2018. In this conversation with Kim Russell*, she will share her perspective on current trends and emerging regulatory issues impacting the investment community.

Bio:  HPeirceBio.pdf

Noon - Optional Lunch

* NOIP Member