Co-Chair FPL Global Committee
Managing Director, Global Head of AES Sales, Equities
Richard Balarkas is a Managing Director of Credit Suisse with global responsibility for AES
(Advanced Execution Services) sales. Prior to Credit Suisse Mr. Balarkas was COO for equity trading at BZW
(Barclays de Zoete Wedd) with specific responsibility for all retail trading and automated trading. Prior to
BZW he was a founder and CEO of the City Group for Smaller Companies (CISCO) which played a central role in the
creation of new exchanges for high growth companies in Europe. Before forming CISCO he was Head of National
Market Development in the markets division at the London Stock Exchange where he oversaw the introduction of
the LSE's first order driven trading systems. Mr. Balarkas started his career with Cap group plc (now SEMA group
plc).Mr. Balarkas has represented Credit Suisse on a wide number of regulatory, stock exchange and industry
committees and working groups. He was recently elected Global Co-chair of FIX Protocol Ltd.
Head of US Ecommerce
Christopher Biscoe is the Head of US Ecommerce at Barclays Capital. He is based in New York
and reports to Alisdair Hodge, Head of Global ecommerce.
Mr. Biscoe is responsible for leading the ecommerce business development and marketing teams
in the Americas region. In this role, he is responsible for the sales and marketing of all BARX proprietary
systems and services, client connectivity and the various BARX distribution platforms the bank offers its
Mr. Biscoe joined Barclays Capital in 2005. Previously, he was Director and Head of Electronic
Trading and Client Connectivity for Asia Pacific at Credit Suisse First Boston in Hong Kong. Prior to that, he
was a trading systems analyst at Dean Witter Reynolds in New York. Mr. Biscoe also recently served as co-chair
of the Asia-Pacific FIX Steering Committee.
Vice Chairman, FPL Asia Pacific Steering Committee
Global Head of Sales and Marketing, Pre-Trade and Trade Division, SWIFT
Within the world of FIX, Marcus Consolini is the Vice Chairman of the FIX Protocol Limited
(FPL) Asia Pacific Steering Committee. Marcus is responsible for ensuring that the committee's within FPL Asia
Pacific are introducing and educating the Asian market place in Electronic Trading and the advantages of FIX.
Prior to being Vice Chairman, Marcus was the Co-Chairman of the Education and Marketing Committee.
Marcus Consolini is the Global Head of Sales and Marketing for the Pre-Trade and Trade Division
of SWIFT. SWIFT, the industry co-operative traditionally focused on the Back Office, now enables other protocols
such as FIX to be used within its network for the enablement of STP via an added value intelligent hub.
Prior to joining SWIFT Marcus Consolini worked for Tiered (The Prudential), American Express
Consulting Services and Deloitte & Touche. Marcus has lived and worked in four Asian countries as well as his
native New York and London.
J. Keith Ducker
Chief Investment Officer
Tora Trading Services
Mr. Ducker is a former senior sales trader at Goldman Sachs. In addition to sales trading with
Goldman, Keith helped promote RediPlus to Goldman's institutional client base in the US following the Spear,
Leeds & Kellogg acquisition. Prior to institutional sales trading Mr. Ducker worked at Odyssey Ventures, a
technology research and investment firm based in San Francisco, California. Mr. Ducker graduated from Princeton
University with a B.A. in Biology and has an MBA from the Haas School of Business at the University of California
Head of Dealing
JP Morgan Fleming Japan
Joined JP Morgan Fleming in 2001 as Head of Dealing. Prior to that Jon was with BT Funds
Management in Sydney where he was Head of Asian Dealing.
Managing Director, Head of Asian Client Trading & Execution
Rob Flynn has worked at UBS for 16 years of which the last 11 have been within Asian Equities.
Initially within Proprietary Trading, however, from early 2003 Rob headed the Japanese Agency Trading business for
all products. Since January 2006 Rob has been based in Hong Kong where he is responsible for the Asian Cash Agency
Business which includes Sales Trading, Facilitation, Program Trading and Electronic Execution.
Global Head of Trading
Franklin Templeton Investments
Mat Gulley is an executive vice president and director of global trading at Franklin
Templeton Investors. The firm has offices in more than 28 countries and manages more than $490 billion
in assets, with more than $250 billion invested in equities. It offers investment products under the
Franklin, Templeton, Mutual Series, Bissett and Fiduciary brand names. Gulley manages ten trading desks
and a worldwide staff of more than 45 people. Gulley also oversees all of the firm's trading technology
and oversees strategy for market structure and regulatory issues. He is a member of the firm's
executive-planning and investment-management committees.
Gulley joined the firm in 1996. He was previously a domestic-based manager of international
trading at Bridge International Trading. He began his career in 1988, trading futures and options. He has traded
domestic and international equities and derivatives and while at Bridge helped to developed computerized
technical trading tools.
Gulley, a CFA designee, received a BSBA from Washington University in St. Louis. He
is a past member of the NYSE Institutional Traders Advisory Committee, the NYSE allocation committee,
the Nasdaq's Quality of Markets Committee. He is currently a board member of the national organization
investment professionals (NOIP). He currently resides in Hong Kong with his wife and five children.
Mark Howarth, Managing Director of Instinet Pacific, is responsible for all of Instinet's
Asia-ex-Japan products and services, and is part of Instinet's management team for the global Asian product.
Mr. Howarth moved to Hong Kong in 2001 from Instinet in Japan, where he was the Marketing
Director for Asia. He had a particular focus on developing new products to take advantage of improvements in
regional markets structures and the levels of electronic connectivity. Prior to moving to Japan Mr. Howarth
was with Instinet in London, operating in a similar role in the European markets.
His role in Hong Kong is to develop all aspects of Instinet's business and presence in the
region, including entering new markets, localizing Instinet's global software platforms, and introducing new
Asian trading products to Instinet's global client base.
Prior to joining Instinet, Mr. Howarth worked for Merrill Lynch and UBS in London in their
European equity businesses. He has a BSc in Electronic Engineering from the University of London.
Regional Manager Asia
SWIFTNet FIX, SWIFT
Chris Jenkins of SWIFT, is the Regional Head of Sales for SWIFT Net FIX and is responsible
for the SWIFTNet FIX programme in Asia Pacific. Mr Jenkins manages a regional team that promotes the use of FIX
based messages over the SWIFT network.
Before joining SWIFT Mr Jenkins worked at Macgregor, the OMS provider, in London before moving
to Asia to set up their operation in Hong Kong. He spent 3 years working at AXA Investment Management in London
and prior to that worked for Midland Stockbrokers.
Mr Jenkins has been an active member and supporter of FPL in Hong Kong and is currently the
Co-Chair of the Education and Marketing Committee of FPL in Asia promoting the use of Electronic trading
throughout the region.
General Manager, Trading and STP-HUB Solution
Kang has been in securities field for 17 years and now is the manager of STP HUB and OMS team
in Koscom. Also he started to develop STP HUB first when the concept of STP just began to be introduced in Korea
about 5 years ago. Now STP HUB has over 50 connections for buy side and sell side and it is running very well.
Being in charge of infrastructure of securities field in Korea, Koscom is playing a key role as a Korean Gateway.
Director of Supervision of Markets
Securities and Futures Commission, Hong Kong
Ms. Angelina Kwan is currently a Director of the Supervision of Markets Division and has been
with the Securities and Futures Commission for over seven years. She has over 19 years of experience in Regulation,
Compliance, Audit and Internal Audit across a wide range of businesses in both Asia and the US.
A Certified Public Accountant both in Hong Kong and the U.S. (State of California), Ms. Kwan
holds a Bachelor of Science in Business Administration (Accounting), an M.B.A (Finance) and a Bachelor of Laws.
Shanghai Futures Exchange
Dr. Li joined Shanghai Futures Exchange (SHFE) in September 2003. His primary responsibility
as CTO in SHFE is to overlook the project of "New Generation Exchange Systems (NGES)." This project covers all
technology areas in SHFE. Dr. Li is also the associate director of STEP working group (Standard Committee of
Security Industry in China).
Before SHFE, Dr. Li was chief architect and director of software engineering at New York
Mercantile Exchange (NYMEX). He led the project to develop first version of ClearPort application, an OTC clearing
Dr. Li started his financial industry experience from Anthem Blue Cross Blue Shield as technical
advisor. As one of 10 members senior technical strategic team, duties included advanced technology study, strategic
planning, and new application development.
Dr. Li also had many years research and commercial software development experiences since he
received his Ph.D. degree from the University of Cincinnati in 1991.
Co-Chair FPL Asia Pacific Regional Committee
Director, Asia Pacific Equity Electronic Trading
Grace Lin is in charge of the electronic trading business for Asian markets in the Equities
Division of Citigroup. Ms. Lin holds a Bachelor of Science degree in Industrial Engineering and Operations
Research from University of California, Berkeley and a Bachelor of Arts degree in Economics from University of
California, Santa Cruz.
Ms. Lin has worked in buy-side and sell-side institutions in the U.S. and in Hong Kong
throughout her career. She started her career with Franklin Templeton Investments in the U.S. and moved to
Hong Kong to continue her career with sell-side firms UBS and Goldman Sachs prior to joining Citigroup.
Ms. Lin has been one of the pioneers of FIX in Asia Pacific promoting the protocol as well as electronic
trading since 1999.
Bernard Lo is co-anchor of Bloomberg Television's flagship programme, Bloomberg LIVE,
focusing on breaking business news and how it affects Asia's markets. With updates from Tokyo, Singapore,
Sydney and beyond, Bloomberg LIVE is the most-watched international news programme in Hong Kong, according
to Nielsen Media Research.
Bernard also hosts the daily talk show Bloomberg Voices, talking to senior business leaders
and politicians. Guests have included Singapore Prime Minister Lee Hsien Loong, Sumner Redstone, CEO Viacom Inc,
Vincent Cheng, Chairman HSBC Hong Kong, Gloria Arroyo, President of the Philippines, and Richard Branson,
Chairman Virgin Group.
Bernard started his broadcast career with Hong Kong's ATV, moved to TVB, TCS in Singapore,
and CNBC. Originally keen to pursue a career in business, he discovered a broadcasting talent and then found
how to merge both interests - through business TV.
Peter B MacDonald
Chief Operating Officer
Beijing Gao Hua Securities Company Limited
Peter is responsible for running the Securities Division in Mainland China. He has served in
a number of different posts, beginning as a salesperson on the CB desk in London and until the end of 2004 being
responsible for the distribution of EPG in Pan Asia. Since completing the New York training programme in 1992 he
has been variously based in London, Tokyo (twice) and now China. Peter became a managing director in 2000 and a
partner in 2004. Prior to joining the firm, Peter served as an officer in the Royal Marines Commandos from 1981
until joining Goldman Sachs in 1992. Peter earned his B.A. in Arabic from the University of Durham in 1987. He
and his wife, Zillah, live in Beijing.
Vice President of Sales
Asia-Pacific BT Radianz
Richard Man is Vice President of Asia-Pacific Sales for BT Radianz. His career includes 18 years
in information technology selling to the financial services sector, with seven of them in the market data area and
over six years in telecommunications. Prior to this current post, he had served as manager of Radianz's New York
Sales region from 2002 - 2003. Prior to joining Radianz, Man was based in Boston and worked as Savvis' regional
sales director. Before Savvis, Man moved to New York from Tokyo to run Bridge Information Systems's largest account,
Citigroup, as a global accounts manager. In Tokyo, he was Dow Jones Telerate's (DJT) sales manager for International
Accounts in Japan, and Manager for the Korean sales channels. He graduated with honors from the University of
Birmingham in Great Britain in 1985 and passed the Registered Representative examination of the London Stock Exchange
Head of Asia Pacific Execution Management
Endre Markos is the Head of Asian Execution Management at Bloomberg. Based in Hong Kong since
2003, he brought Bloomberg into the Asian arena of Execution Management in Equity and Futures Order Routing, where
he manages the largest broker-neutral equity platform for Asia Pacific with Equity Order Routing and Indications
of Interest on FIX. Endre joined Bloomberg in Princeton in 1996 as a Portfolio Systems - R&D Analyst where he
helped to create the Institutional Holders search database and the analytic suite for international funds. He then
moved to Bloomberg Tokyo to join the Business Development team in Equity Products as a Senior Asian Equity Market
Specialist in 1999. Numerous equity analytics and trading screens used daily have his fingerprints on them. Endre
graduated from the University of Pennsylvania, Philadelphia in 1994 with a degree in Economics.
Co-Chair FPL Asia Pacific Regional Committee
Director of Asian Trading, Franklin Templeton Investments
George Molina is the Asian head of trading for Franklin Templeton's Asian Trading desks
located locally in Hong Kong, India, Japan, Korea and Shanghai. He joined Franklin Templeton Invt. in 1997
as a member of their Global Trading Group based out of Florida, USA before being transferred to Hong Kong
Prior to joining Franklin Templeton Mr. Molina worked for the Scudder Kemper group trading
Asian Securities. He is currently Co-chairman of FIX Protocol Limited Asia where he is responsible for the
promotion of electronic trading in the region.
SVP and Head of Market Services Management
For the last 11 years, Ron has served in both business and technology roles while developing
electronic markets. He joined the Products and Services division of Singapore Exchange (SGX) in January 2005.
He heads its Market Services Management group, which owns the SGX QUEST electronic trading platform and is
responsible for delivery of SGX trading services. Ron joined SGX from Chicago Mercantile Exchange (CME), where
he was Business System Architect for the CME GLOBEX trading system. Ron has been an active contributor to the
FIX protocol since release 4.2 and instrumental in FPL adopting optimizations for high-velocity trading including
the Fast FIX transport.
Head of Trading
Mark Northwood is Head of the HK-based equity trading desk, which manages trading in the
markets of this region for Fidelity's funds worldwide. He joined Fidelity in 1999. Prior to this ran the Asia
Pac trading desk for BT Funds Management in Australia for 3 years, with 2 years as a derivatives trader with
Salomon Brothers in HK before that. Mark is a past co-chair of the FIX Protocol Ltd Asia Technical Committee.
Srinivas Padmasola is Hong Kong-based Vice President of Electronic Trading for the Asia Pacific
Region at Merrill Lynch. Previously, Srinivas worked for SWIFT in Mumbai and Hong Kong as well as a brief stint at
Reuters. Srinivas has been an active member of FPL in the region and is the current co-chair of the Asia Pacific
Education & Marketing Sub-Committee.
VP of Trading Dept.
Taiwan Stock Exchange
Lawrence G. Shan is Vice President of Trading Department at the Taiwan Stock Exchange Corporation
(TSEC). His responsibility at the TSEC Trading Department includes overseeing broker/dealers, drawing and revising
market trading rules, handling daily trading operation and defaults, managing group settlement fund, and controlling
the financial and operational risk of securities firms.
Mr. Shan joined the TSEC in September 1988. During the years with the company, Lawrence has been
working in various departments. Listing, trading, clearance and settlement, research, and derivatives have been his
Before joining the TSEC, Lawrence was associated with the Anderson Consulting as a group leader
of Corporate Finance.
Mr. Shan graduated from the University of Maryland U.S.A. in the 80th with master degrees of MBA
Director, Alternative Execution Services
Brook Teeter has been in the financial services industry for over 11 years. His current role
is Director Equity Sales for Alternative Execution Services at Credit Suisse. Brook is based in Hong Kong and
looks after sales for all electronic trading products including algorithmic trading and program trading.
Prior to joining Credit Suisse, Brook was the Head of Institutional Sales for Asia Pacific at
E*TRADE where he managed the Sales and Connectivity team.
Brook has also worked for Javelin Technologies in Hong Kong as Head of Electronic Sales and ran
US sales for Gordon, Haskett and Co., a boutique brokerage in New York City and San Diego.
Mr. Teeter has been an active member of the FPL both in the US and Asia since 2000 and has
previously been Co-Chair of the Asia Education and Marketing Committee.
Mr. Teeter holds a Bachelor of Science degree in Business Administration and advanced degrees
in Finance and Marketing from the University of Delaware.
Gavin Williamson joined HSBC in May 2005, initially working in London and then relocating to
Hong Kong to work in Execution Trading, joining from Deutsche Bank in London where he worked as the Global Head
of Institutional Execution services.
Prior to that he was Director and Head of Equity Electronic Trading with Salomon Smith Barney
based in Hong Kong and Co-Charir of the Asia Pac regional FIX committee.
Manager, Institutional and Wholesale Markets
Australian Stock Exchange
Greg Yanco is the Australian Stock Exchange's Manager, Institutional and Wholesale Markets,
having responsibility for the development and support of the institutional and wholesale markets in equities,
options and futures.
With over 20 years experience at ASX, Greg has managed diversified teams within both ASX's
regulatory and service orientated environments. Previous roles at ASX have included National Manager - Client
Relations and National Manager - Trading Market Development Division. Prior to joining ASX Greg worked for six
years at the New South Wales Corporate Affairs Commission.
Greg holds a Bachelor of Business and is a CPA.
Director, Head of Research
Henry Yegerman is Managing Director of Analytical Products for ITG Inc. Henry is responsible for
both trading analytics including pre and post trade transaction cost analysis, as well as portfolio analytic products
at ITG. He has co-authored with Ian Domowitz, a number of papers on algorithmic sever trading and transaction cost
analysis. He joined ITG in 1999 from Reuters, where he was Director of Global Marketing for Asset Management products.
Prior to that, Henry spent 10 years at Morgan Stanley & Co. where among other assignments, was responsible for
development of global indices for Morgan Stanley Capital International and worked for Morgan Stanley Investment
Management. He has an M.B.A. in Finance from New York University and a Ph.D. from the Johns Hopkins University.