Online: Blockchain in Financial Markets Course

Online: Blockchain in Financial Markets
5 week course starts: Tuesday 31st October 2017

SPECIAL OFFERS: 20% Early Bird Discount Until Friday 29th September 2017.

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How does the Quants Hub work?

The Quants Hub is the online sister company of WBS Training, and works as our online university. Each week the lectures are recorded and stored on the site with the corresponding slides and forum to continue the debate. This will be available for a minimum of 2 years after the course ends. 

Take advantage of the 20% Early Bird Discount Until Friday 29th September 2017 (Regular course fee is £899.00)

Goals:

Understanding how the technology can bring real value to financial organizations

Blockchain technology carries a promise of great opportunity, efficiency, and fairness in business operations and governance for an entire struggling planet. Blockchain technology should be integrated broadly and uniformly across society and within as many existing institutions as possible. Blockchain development should not be the exclusive domain of a single sector, such as banking. Nor should Blockchain development reflect priorities of highest ROI from VC start-ups. The primary objective of Blockchain technology must be to reduce the cost of capital by decentralizing risk, not necessarily money. Blockchain innovation can then be applied broadly, evenly, and intentionally across the economy. This makes sense because when building anything complex or important, one logical piece needs to go in front of the next logical piece regardless of it’s individual ROI, because the collective ROI is the true basis of valuation

Bitcoin. Ethereum. Hyperledger. With all the cryptocurrency buzzwords flying around, it is hard to get to the core of all of these technologies. The essential piece that serves as the underlying mechanism of all these technologies is blockchain. Blockchain is a decentralized, trustless, distributed ledger technology that was popularized by the Bitcoin global cryptocurrency platform. This course will cover the fundamentals of blockchain technology, including the three core layers of a blockchain and the three types of blockchains.

We’ll also address the important questions about Bitcoin, such as:

How does Bitcoin work? What makes Bitcoin different? How secure are your Bitcoins? How anonymous are Bitcoin users? What determines the price of Bitcoins? Can cryptocurrencies be regulated? What might the future hold?

After this course, you’ll know everything you need to be able to separate fact from fiction when reading claims about Blockchain, Bitcoin and other cryptocurrencies. You’ll have the conceptual foundations you need to engineer secure software that interacts with the Bitcoin network. And you’ll be able to integrate ideas from Bitcoin in your own projects. This course is appropriate for technologists who are interested in the technology and business owners who are looking to understand the technology on a deeper level.

Location and Event Timings

This workshop is available Globally Online.

Start Time: 17.30 - 19.00 GMT

Week 1: Tuesday 31st October

Topics:

  • Introduction to Distributed ledger - Distributed Ledger
  • Why Distributed ledger Detractors are Missing the Point

Week 2: Tuesday 7th November

Topics:

  • Innovation in Capital Markets
  • Distributed Ledgers in Financial Markets

Week 3: Thursday 14th November

Topics:

  • Industry at the Forefront of Distributed Ledger Developments
  • Decentralization and the Wider Impacts of Distributed Ledger Technology
  • Implementation Strategies: What it Takes to “get it right” to Implement Distributed Ledger Technology, Overcoming the Challenges of Distributed Ledger Implementation

Week 4: Thursday 21st November

Topics:

  • Distributed Ledger Regulations & Compliance
  • What Are Regulators Thinking? Distributed ledger and regulation

Week 5: Thursday 28th November

Topics:

  • Will Distributed ledger change the established business models of financial institutions?
  • Why Distributed ledger detractors are missing the point. Seeing beyond the hype: which problems can Distributed ledger applications realistically solve?
  • The Right Model for the Securities Industry? Keys to Adoption

CPD Certification

You will be able to receive CPD points for attending this event (number of points to be confirmed).

The CPD Certification Service was established in 1996 as the independent CPD accreditation institution operating across industry sectors to complement the CPD policies of professional and academic bodies. The CPD Certification Service provides recognised independent CPD accreditation compatible with global CPD principles.

www.cpduk.co.uk

Instructor: Sol Steinberg

Sol Steinberg is an OTC markets matter expert specializing in risk management, regulation, market structure, collateral, valuation, financial technology systems, and commercialization efforts. During more than 18 years in the banking industry, he has developed an extensive networks of contacts in the asset management, analytic providers, execution venues, regulatory bodies, and government leaders.

Sol is a seasoned financial executive who has delivered meaningful industry initiatives such as:

  • Advised governments on Key market structure changes stemming from regulatory initiatives such as Dodd Frank, EMIR, MIFID II: (2015-2017 China, Dubai, Abu Dhabi, Singapore, Mexico, Chile, Ireland)
  • NEEQ stock exchange development in Beijing (2014/5)
  • Development of the London Stock Exchange’s(LSE) SwapClear CCP (2010-2013)
  • Developing CCP2 – a derivative education & certification program for consultancies such as Deloitte and Accenture (2013)
  • Founded Partnerships & Alliances (2011) , managing SwapClear's strategy and relationships with key ecosystem partners including consultancies; execution venues and affirmation platforms; providers of technology systems and services; custodians; hedge fund administrators; data and valuation firms; and selected professional associations
  • London Stock Exchange’s SMART collateral Fintech solution (2011)
  • Fintech valuation solution: Risk Explorer (2008/9)
  • Citi’s Global Market risk system (2005-2008)- the largest VaR engine in the world 2004-2006

Recognizing the financial industry’s desperate need for this kind of expertise, Sol founded OTC Partners in 2013. A boutique value-add firm, OTC Partners provides top tier research, content creation, and business development services to clients of all sizes. As the founding principal of OTC Partners, Sol has become an accepted leader on global clearing issues. In this capacity, he has spoken at dozens of focused events and panels across North America, Europe, Asia, and South America. Most recently in Boston for the Fixed Income leader summit in May of 2017.

Sol’s accomplishments with OTC Partners have also earned him spots on the New York steering committee of PRIMIA (the Professional Risk Managers International Association) and ISDA-FIA (International Swaps and Derivatives Association-Futures Industry Association) working groups. He has also been asked to participate in numerous financial committees and associations including GARP (the Global Association of Risk Professionals), the New York Society of Security Analysis, and the Chartered Financial Analyst AssociationWorking with these various organizations, Sol has contributed to the OTC industry’s clearing and default management policies for the cleared OTC swap market. He has also contributed to industry standard risk analytics in times of low market rates.

Before founding OTC Partners Sol was a senior executive at LCH.Clearnet, the world’s leading clearing house. While there, he worked on LCH’s default management model enhancements and was part of a group that designed and developed an equitable default management model for SwapClear membership. He also helped develop CCP2, a derivative education & certification program for leading consultancies. Prior to that, was a senior executive at Citco Fund Services, the second largest fund administrator in the world, where he was responsible for market/credit valuation and risk management for five of the 10 biggest global hedge funds. He also helped Citco develop its Risk Explorer risk engine. Before Citco, at Citibank, performing product development, risk management, and valuation for the OTC markets. He also brought to market Citi’s highly sophisticated Global Market Risk System, which was the largest VaR engine in the world from 2004 to 2006.

Sol lives in New York City. He holds a Bachelor of Science degree in Business Administration from Northeastern University. He also holds a Certificate in Risk Management from New York University’s Stern School of Business and has passed the Series 7 and Series 63 exams.

Frequently Asked Questions

Should I attend the programme?

The course is a practitioner-orientated professional course that will enhance the short-term and long-term career prospects of anyone working in (or looking to enter) Blockchain in finance.

When will the course commence?

The course starts on Tuesday 31st October 2017.

How long is the course?

The course has five 1.5 hour lecture weeks.

How do I contact the presenter during the course?

Each lecture week will have a corresponding forum to discuss topics with the trainer and fellow students.

What is the fee structure?

There is a 20% Early Bird Discount Until Friday 29th September 2017 (Regular course fee is £899.00)

Where do I attend the course?

The course is available globally online from your home or office.

How do I access the live global streaming lectures?

The live streaming will be available on Cisco WebEx, you will be given weekly login access details.

What happens if I miss a lecture week?

All the lectures are recorded and are available for you in your Quants Hub course member’s area for the duration of the course.

How do I register to the course?

Register online

Is there academic discount?

Yes academic discount is 50% and is for FULL-TIME academics only, i.e you are a full-time student or Professor. Please do not ask if you neither of these you will be declined.

Email: neil@wbstraining.com Fax: +44 (0) 1273 201360

Week 1: Tuesday 31st October, 17.30 GMT

Topics:

Introduction to Distributed ledger - Distributed Ledger

  • Parallels between Distributed ledger and other disruptive technologies, as well as the investment opportunities it offers
  • How is Distributed ledger Different from the Internet and other Disruptive Technologies?
  • Building a Roadmap for Distributed ledger
  • Determining a best practice approach in developing the necessary standards and protocols

Why Distributed ledger Detractors are Missing the Point

  • Future of Distributed ledger in financial services
  • How can Distributed ledger grow your margins?
  • Understanding the requirements of financial institutions and how Distributed ledger can be applied to each case

Week 2: Tuesday 7th November, 17.30 GMT

Topics:

Innovation in Capital Markets

  • Seeing beyond the hype: which problems can Distributed ledger applications realistically solve?
  • What is driving investment in Distributed ledger within the financial services?
  • How will ownership of and responsibility for Distributed ledger architectures develop?
  • Disrupt or be disrupted? What could be the cost of not investing in Distributed ledger?

Distributed Ledgers in Financial Markets

  • Financial Market Problems: consensus by reconciliation
  • Too much Trust: Slow Transactions, Costly Duplication, Opacity, Litigations
  • Variation and Initial Margin Workflow on a Distributed Ledger
  • Smart contracts: Robot Counterparties or Digital Referees?
  • What impact on incumbents? NO or NEW roles for CCPs and Repositories?

Week 3: Tuesday 14th November, 17.30 GMT

Topics:

Industry at the Forefront of Distributed Ledger Developments

  • Exploring the key strategic implications of the technology
  • A discussion on the future of Distributed ledger in financial services
  • Critically evaluating its potential impact
  • Scope and timeline of implementations.

Decentralization and the Wider Impacts of Distributed Ledger Technology

  • What are the drivers of decentralization in financial services?
  • The threat of disintermediation: will clearing and settlement services become obsolete? 
  • Will Distributed ledger technology accelerate the move to a cashless society?
  • Four Genuine Distributed Ledger Use Cases: Getting Value from Distributed ledger

Implementation Strategies: What it Takes to “get it right” to Implement Distributed Ledger Technology, Overcoming the Challenges of Distributed Ledger Implementation

  • What organizations are best placed to fulfill a trust validation role?
  • What challenges will the computational power demand bring?
  • What are the realities of transferring existing databases into blocks?
  • How limiting are legacy systems in Distributed ledger implementation?

Week 4: Tuesday 21st November, 17.30 GMT

Topics:

Distributed Ledger Regulations & Compliance: The future of global financial infrastructure. How will Distributed ledger solutions fit with the existing regulatory regime?

  • What shifts in regulation should be proposed to facilitate adoption?
  • How can collaboration with regulators be optimized?

What Are Regulators Thinking? Distributed ledger and regulation

  • Innovators and investors should not have to seek government’s permission
  • Develop distributed ledger technology address the increased operational complexity
  • What are the Potential Benefits of Distributed Ledger Architectures in Regulatory Reporting?

Week 5: Thursday 28th November, 17.30 GMT

Topics:

Will Distributed ledger change the established business models of financial institutions?

  • What will be the next big milestone for Distributed ledger technology?
  • Which use cases will prove to be scalable for large financial institutions?
  • How do timeframes for adoption vary across different areas of financial services?

Why Distributed ledger detractors are missing the point. Seeing beyond the hype: which problems can Distributed ledger applications realistically solve?

  • What is driving investment in Distributed ledger within the financial services?
  • How will ownership of and responsibility for Distributed ledger architectures develop?
  • Disrupt or be disrupted? What could be the cost of not investing in Distributed ledger?

The Right Model for the Securities Industry? Keys to Adoption

  • re-imagine the world’s most fundamental business properties
  • Open, develop and adopt.
  • Distributed ledger must be open and also must be made ready for business
  • developers to build Distributed ledger-based applications, smart contracts; adopting Distributed ledger incrementally