Risk Management for Turbulent Times

Brokers need to safeguard themselves to maximise profitability.

Finance Magnates London Summit (FMLS) will kick off in just five days, taking place on November 21-23 at Old Billingsgate. The event of the fall will spotlight some key panels, debates, and sessions from four different industry verticals.

This includes the online trading, digital assets & blockchain, fintech, and the payments space. FMLS will be celebrating its 10-year anniversary, featuring two full days of content in what will be the largest event in its series.

As a reminder, if you have not already done so, take advantage of competitive pricing and register for FMLS22 today.

November 22: 12:30, Innovate Stage – Risk Management for Turbulent Times

With inflation looming and instability lurking from the UK to Ukraine, brokers need to safeguard themselves to maximise profitability. Join leaders from across the ecosystem to learn which challenges the industry is facing, what solutions are most effective, and how to prepare today for tomorrow’s market.

Jonathan Brewer – Managing Partner – IS Prime

David Shayer – CEO UK – Vantage

Despina Savvidou – Chief Risk Officer – Match-Prime Liquidity

Michael Kamerman – Group CEO – Skilling

Maria Pittashi – Business Strategy Manager – Plugit

Cristian Vlasceanu – CEO – Centroid Solutions

Which market events brokers should pay attention to? Can brokers pre-empt toxic traders and other hazards? Outsource VS in-house risk management: pros and cons. Can “unbanked” brokers mitigate crypto exposure risks? How do liquidity relationships affect brokers’ bottom line?

Find out the answers to these questions and more by attending the panel next week!

You will be speaking on the Risk Management for Turbulent Times panel, what do you think will be the highlight of the discussion, and why should the audience attend it?

Jonathan Brewer (IS Prime): The 3rd quarter of the year was very profitable for the retail industry, and many retail brokers decided to spend some of their earnings by heavily subsidising spreads in a price war, using spread caps and markdowns.

This has come at a time when the interbank market spreads are getting wider. October has been very tough for the industry, proving that not all volatility is good volatility.

David Shayer (Vantage): The highlight will be around and is never more apparent with geo-political events and a very fast-moving world with the power of social media that firms have robust risk management systems in place to mitigate the extra volatility we are seeing.

Despina Savvidou (Match-Prime Liquidity): The highlight will be the discussion on the market events that brokers should pay attention to. Due to the high volatility that markets are experiencing currently, brokers and other market participants are following all economic developments very closely as they dramatically affect their risk exposures.

It is essential to hear opinions from experienced professionals who have witnessed many different reactions to important market events throughout the years.

Michael Kamerman (Skilling): There is a quote that goes, "Offence wins games, defence wins championships." Risk management is largely a defensive posture, but if you want your brand to win championships, you'll need to know the best formations. The highlight of this panel likely will be hearing how each firm manages or helps other firms manage their defences.

Maria Pittashi (Plugit): Risk Management tools are generally built based on “normal times” and statistical patterns with the expectation that the market will run smoothly. However, in today’s market, high risk events are occurring on a more frequent basis, thereby making it harder to anticipate what is “normal” anymore.

I look forward to the panel as it will address ideas on how to adjust our methods and tools to anticipate these turbulent times and inspire us to pre-empt our “new normal.”

What are you looking forward to the most at FMLS?

Jonathan Brewer (IS Prime): I am looking forward to meeting up with new and existing industry contacts and finding out how the retail industry is gearing up to face the challenges ahead.

David Shayer (Vantage): Meeting people, listening to what others have to say as it has been a very active 2022 in the world, and it will be good to regroup and hear how we are all doing and how we have got through it.

Despina Savvidou (Match-Prime Liquidity): As this is my first-time representing Match-Prime Liquidity, I look forward to meeting our clients and other industry leaders. It will be a great opportunity to network and discuss our liquidity solutions.

Michael Kamerman (Skilling): Innovative, non-copycat thinking. The favorable market conditions for our industry surely have inspired decision-making and industry-visionaries. I am excited to break from narratives and hear new thoughts.

Maria Pittashi (Plugit): I’m most looking forward to reconnecting with familiar contacts as well as networking with new ones; the possibility of new opportunities, and of course listening to other panels and speakers in the hopes that they motivate and inspire new concepts for Plugit.

Tell us a bit about what you do/your company/who you are looking to network with?

Jonathan Brewer (IS Prime): We provide world class technology, proven risk advisory and management solutions, real-time analytics, and comprehensive consulting services to brokers of all sizes across the globe.

Businesses that are looking to mitigate toxic flow, minimise their B-book risk and benchmark themselves against the industry take advantage of IS Risk’s expertise to optimise their trading systems.

David Shayer (Vantage): We are a multi-asset global trading company with 300+ instruments, we are able to offer all clients from Retail to Institutional tailor-made packages and are delighted at this event to be launching our Vantage Connect institutional offering.

As a firm, we like to give something back to society with our unique ESG focus with McLaren, UNHCR and UNESCO, our partners which we are continually expanding on. Looking to network with clients, suppliers, and peers from the industry.

Despina Savvidou (Match-Prime Liquidity): As mentioned above, I represent Match-Prime Liquidity, the Forex and CFD liquidity provider for institutional clients. I am the Chief Risk Officer, and I oversee the risk management function. We ensure that the company has a solid risk management framework in place to minimise all types of risks arising from the services we provide.

Michael Kamerman (Skilling): We are Skilling, one of the fastest-growing retail FX and CFD brokerages. Since our commercial launch just 3 years ago, we've done what most brokers have done in double or triple that time.

We have a proprietary tech stack, numerous financial licenses, an integration with Tradingview, and offices in many parts of the world. We (and I) are looking to network with vendors which can enrich the customer experience, and we are looking for business partners with customer bases who are looking for "the next big thing" in our industry - getting in at an early stage.

Maria Pittashi (Plugit): Plugit is a financial software provider; our core competency is the YOONIT system – a suite of modular interactive trading system tools and solutions, seamlessly integrated into MT4/5. Our top modules include Dynamic Margin for Risk Management, MAM/PAMM/Copy Trading, and our Introducing Broker Portal.

I am Plugit’s Business Strategy Manager. My goal is to push Plugit to its full potential by applying our internal strengths and simultaneously uncovering new opportunities.

Most looking forward to networking with potential partners to expand our market reach.

Check out the full agenda today and join the conversation surrounding FMLS22!