Wednesday, June 11, 2008 at 09.00

Options Expiration Workshop (Part 1) W9.00W

UPPER SUGAR ROOM Against the background of ever increasing exchange volumes, the operational risks associated with the option exercise/assignment process have similarly increased. This session will highlight where the major risks lie, how firms have undertaken internal reviews of these processes, what steps they have taken to minimise the risks and what changes exchanges have made to their own systems and processes to help firms manage this opertional area more efficiently. Chair: Jamie White, Director, Lehman Brothers International (Europe) Speakers: Roger Bartlett, Executive Director, Goldman Sachs Liam Bell, Executive Director, J.P. Morgan Futures Andrew Bellwood, Vice President - Listed Derivatives Operations, Credit Suisse James Morley, Executive Director, Morgan Stanley