PhillipCapital’s ‘Trading Symposium’ witnesses record participation, discusses market development

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PhillipCapital

Abdul Basit

The second edition of ‘The Trading Symposium’ hosted by PhillipCapital (DIFC) Private Limited successfully concluded in Dubai on Tuesday evening with more than 400 attendees and industry experts flown from different parts of Asia and Europe. Industry specialists talked about the market developments and what traders should look out for.

PhillipCapital (DIFC) Private Limited is part of the ‘PhillipCapital Group’ Singapore which was established in 1975 and offers a full range of quality and innovative financial services to retail, corporate and institutional clients.

The second edition of ‘The Trading Symposium’ was attended by key representatives from BMD, CME Group, CQG, DGCX, Eurex, HKEX, ION, JPX, SGX and TFEX.

Vineet Bhatnagar, Chief Executive Officer of PhillipCapital India delivered welcome speech followed by the opening address by Salmaan Jaffery, Chief Business Development Officer at Dubai International Financial Centre Authority. Jaffery is responsible for developing and executing business strategies aligned with the DIFC’s 2024 growth ambitions.

Later a panel discussion titled: ‘The Commodities Perspective’ brought together six top industry specialists – Suresh Mookiah, Executive Director of Global Markets & Strategy, APEX; Dennis Zhang, Managing Director, Head of Commodities Development, HKEX; Les Male, Chief Executive Officer, DGCX; Songklod Chayantnakorn, Vice President for Global Business Development, TFEX; Rajiv Shah, Director Client Development and Sales, CME Group; and Vineet Bhatnagar, Managing Director and CEO of PhillipCapital (India) & UAE. The panel discussion was moderated by David Klotz, Vice President, PhillipCapital Inc.

The industry experts discussed numerous topics and popular contracts within the commodities segment mostly in Asian markets during the panel discussion.

One of the highlights of the event was the address of Erik Norland, Senior Economist, CME Group. In his address Norland provided an outlook of Commodity and Financial Market. He talked about the trend witnessed for different currencies and commodities starting from 1991 to 2019. In addition, he put the spotlight on the consequences of Brexit and US-China trade war.

The PhillipCapital group currently has over 1 million clients worldwide, with the total assets under management worldwide more than US$33 billion and with total shareholders’ funds in excess of US$1 billion. The Group operates in the financial hubs of 17 countries and region, including offices in Malaysia, Cambodia, Indonesia, Thailand, Vietnam, Hong Kong, China, Japan, India, Sri Lanka, Australia, UAE, UK, France, Turkey and USA. The Group deals in a wide variety of products including Global Equities, Derivatives, Commodities, Currency Futures Trading, Forex, CFD, Forwards, Fixed Income, Unit Trusts, and OTC Product. – abdulbasit@theuaenews.com