Michael O'Brien

Global Head of Trading
Eaton Vance

Michael is viewed as an industry pioneer and oversees a global trading team responsible for the execution of long and short trades in over seventy-five markets and in a variety of instruments including CDS, hard currency and local currency debt, IRS, futures, Michael is viewed as an industry pioneer and oversees fixed income trading at Eaton Vance Corp. Michael is often called upon to provide input and expertise on Dodd-Frank rulemaking to regulators through meetings with the SEC & CFTC Commissioners. options, commodities, equities, repo and warrants.

Check out the incredible speaker line-up to see who will be joining Michael.

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Summit Day 1

Friday, February 6th, 2015

14:00 Oxford Style Debate: Do capital constraints mean an agency based market model is set to become the more dominant form of trading?

Audience Participation

The intense pressure from regulators is pushing sell side firms to their limits. Saddled with capital constraints, the sell side are now committing less capital, warehousing less inventory and taking on less risk, meaning the traditional ways in which they transact with the buy side is changing. As the regulatory screw tightens further, the traditional principal based structure is under threat, and the way buy side and sell side firms interact is changing. During this session, our panelists will debate:

Do increased costs and reduced balance sheets mean that a more dominant agency model is inevitable?
Agency vs. Principal - Are the sell side now there just to facilitate execution between buyers and sellers?
Are agency models reliable enough to offer an effective service in fixed income markets?
Can a principal model still offer a successful business model for the sell side?
Could a ‘Riskless Principal Model’ be the way forward in the long term to offer maximum value to the buy side?