Bürgenstock 2003 > Introduction

Join us on Bürgenstock in September !

Dear Members, Associates and Friends of our Association,

The 24th International SFOA Meeting at Bürgenstock will be held from the 4th to the 7th of September 2003. This conference remains a unique gathering of representatives and members of exchanges, clearing organisations, market participants and regulatory agencies. The Bürgenstock conference is always a very special opportunity to meet a lot of important and interesting people from within our industry.

Big challenges are faced by all of us. Derivatives, the classic tools of Risk Management, have come under attack; clients are faced by an ever increasing number of exchanges and products; the traditional trading is vanishing fast, and this is not just a matter of going from open-outcry to electronic but also off-exchange – yet the advantages of a clearing house a sought… The exchanges are converting from public utilities to private for-profit organisations – is this really in the public interest? Exchanges are looking for new ventures – is sports betting one of them? Let’s discuss these and other interesting items on Bürgenstock, in an environment of peace, silence and natural beauty.

The Wide World of Derivatives is growing very fast – a lot of new markets are being established and many of those are growing rapidly. The Board of your association strongly believes in the importance of facilitating the networking and cooperation between the emerging and the established markets. We are grateful that the cooperation with the Association of Futures Markets (AFM) is developing very positively, and are pleased to welcome their members at the conference again this year.

As many of you know, the space on Bürgenstock is restricted, so please sign up early to assure yourself a room and as an added benefit, allow the organisation to go smoothly!

We are looking forward to welcoming you on Bürgenstock in September!

Sincerely,

Paul Meier
Chairman

P.S.
We encourage you to take your partner along to this great place! If you do that, please note that a special fee applies. We count on you to sign up as a couple if you come as a couple! To accomodate you in that respect we have reduced the fee applicable to your partner. Thank you for your co-operation!