Hear over 20 expert speakers discuss pressingissues including:

Proudly presents the must-attend summit:

Register Today! www.iqpc.com/us/volatility

Strategies and Insight for a Volatile and Bear Market

• Innovative methods of using VIX options to capitalize onvolatility

• Determining which sectors and industries are ripe forvolatility trades

• Employing Greek strategies successfully in volatile anduncertain markets

• Trading volatility in currencies and commodities

• Gauging what the new environment will be on Wall St.

2nd

Volatility

Sponsors:

Hear from ParticipatingOrganizations Such As

BLOOMBERG

MORGAN STANLEY

SOCIETE GENERALE

DEUTSCHE BANK

COMMERZBANK

FORTIS MERCHANTBANKING

BNP PARIBAS

MCMILLAN ANALYSISCORPORATION

MERIDIAN EQUITYPARTNERS

CONNORS CAPITAL

LABRANCHE STRUCTUREDHOLDINGS

SUSQUEHANNAINTERNATIONAL GROUP

THEMIS TRADING

HUDSON BAY CAPITALMANAGEMENT

ELLINGTON MANAGEMENTGROUP

PROTEOM CAPITALMANAGEMENT

EVNINE & ASSOCIATES

ANSBACHER INVESTMENTMANAGEMENT

MILLER TABAK CAPITALMANAGEMENT

BANK OF NEW YORKMELLON

BEST CHOICE SOFTWARE

TICK DATA

THINKORSWIM

Register by February 27, 2009

to SAVE $200 off the standard price

Trading Summit

TM

March 24-25, 2009 • Hilton Times Square, New York, NY

Dear colleague,

Market volatility will be a consistent theme throughout most of2009. The VIX, which averaged 17.54 last year, jumped to 89.53,its highest intraday level on Oct. 24 and closed at a record of80.06 three days later. The S&P 500 rose or fell at least 1 percentin 86 percent of October’s trading days, making it the secondmost volatile month in its 80-year history. Only November 1929produced bigger swings. Traders expect the VIX to maintain arange in the 50’s for months to come. This presents hugepotential for those who have the know-how of pulling offvolatility trading strategies.

Don’t miss this opportunity to network with peers and businessopportunities while listening to speakers examine new data sets,strategies, products, and skills that can increase a trader’s odds ofgains in a bear market.

Sincerely,

Marie Louise-AldercreutzTeam Leader, Finance IQ A Division of IQPCmarielouise.adlercreutz@iqpc.com

P.S. Maximize your experienceby attending our highlyinteractive and informativepost-conference workshops!See page 4 for details.

Special Thanks to OurExpert Advisory Board:

Who You Will Meetand Who Will Attend:

“Don’t lose a minute of tradingactivity! Finance IQ and the hostingvenue will make arrangements to

provide all attendees with Internetaccess during the conference.

Finance IQ staff realize that theconference will be running during

regular trading hours andencourage attendees, speakers,

and sponsors to bring their laptopsin order to trade as if they were

right in their office.”

Scott MaysterVice PresidentTick DataJay SorkinAuthor & Options TraderBoard of Directors Member ofthe Chicago Board of TradeEducation FoundationJeremy WienVIX Options TraderSociete Generale

• Senior & Head Traders• Options Traders• VIX Options Traders• Derivative Traders• Quant Traders• Principals • Market Makers• Portfolio Managers• Presidents & CEOs

FROM:• Hedge Funds• Volatility Funds• Asset Management Firms• Bank Proprietary Desk Traders• Brokerages • Institutional Investors

Trading Summit

2nd

TMVolatility

March 24-25, 2009 • Hilton Times Square, New York, NY

Strategies and Insight fora Volatile and Bear Market

Among the world’smost cutting edgefinancial conference

organizers, Finance IQ provides strategicevents across the US, Europe, Asia and theMiddle East every year, educating almost5,000 high-level executives annually. Ourcomprehensive events provide an unbiased,specialist forum where you can discuss theissues most important to you and networkwith industry leaders.

Finance IQ is a division of the InternationalQuality and Productivity Center(www.iqpc.com), a global conferencecompany with offices across six continents.

About the organizer:

Register Today! www.iqpc.com/us/volatility2

8:00 Registration and Refreshments

8:45 Chairperson’s Welcome and Opening RemarksTom SosnoffCEOThinkorswim

9:00 Gauging the New Environment on Wall Street • Emerging indicators of volatility movements in future environment • Applying lessons from economic and market panic for better

volatility trading techniques • Assessment of exit of government positions in financial institutions

Joe SaluzziCo-Head of Equity TradingThemis Trading

9:45 Innovative Methods in Using VIX Options toCapitalize on Volatility • Examining VIX futures and options unique features and applications• Using VIX instruments to hedge a portfolio• Employing VIX products for prop trades, volatility views, and

volatility of volatility

Jeremy WienVIX Options TraderSociete Generale

Bud HaslettCFA, CEOMiller Tabak Capital Management

Michael McCartyChief Equity & Option StrategistMeridian Equity Partners

Lawrence McMillanPresidentMcMillan Analysis Corporation

10:45 Morning Networking Refreshments

11:15 Successful Greek Strategies in a Bear Market• Utilizing delta, gamma, rho, theta, and vega in volatile times• Using the Greeks for butterfly, iron condor, straddle, strangle, and

covered call strategies• Implementing bull call spreads to hedge volatility

Ross MooreCEOLaBranche Structured Holdings LLC

David PalmerSenior Managing DirectorHudson Bay Capital Management

Christopher JacobsonChief Options StrategistSusquehanna International Group

12:00 Volatility Forecasting & Market Efficiency• Discussing the relative efficiency of historical volatility measures• Long memory in volatility processes• Identifying a new approach to volatility forecasting• Testing option market efficiency• Forecasting volatility in emerging markets• Discussing sign dynamics and volatility dynamics: how volatility

makes markets predictable

Jonathan KinlayCEOProteom Capital Management

12:45 Networking Luncheon

1:45 Swimming in the Deep End: Dark Pools andVolatility • Assessing dark pools impact on other trades in a portfolio • Masking trading activity to hedge volatility risk• Remaining one step ahead of a volatile market by recognizing dark

pool activity • Executing correlated trades in other markets

Jay SorkinAuthor & Options TraderBoard of Directors Member of the Chicago Board of TradeEducation Foundation

Ross MooreCEOLaBranche Structured Holdings LLC

2:30 Extracting Relative Value Opportunity from Volatility • Using equity volatility to hedge equity and credit portfolios• Assessing divergence signals from quantitative multi-factor strategies• Integrating equity styles and popular thematic strategies• Identifying time-varying spreads between the VIX and momentum models

Sivan MahadevanManaging DirectorMorgan Stanley

3:15 Afternoon Networking Refreshments

3:45 Assessing Models for Volatility and Building andMaintaining Historical Time-Series MarketDatabases: Best Practices and Pitfalls• Determining best models, such as Newton-Raphson or Brent methods,

for implied volatility• Utilizing stochastic volatility and local volatility models to measure the

volatility smile• Using “term structure of volatility” and “implied volatility surface” to

assess various options for an underlier• Examining non-Gaussian option pricing and a multi-scale model of volatility• Overview of what comprises a sound historical data solution• Sourcing your research data• Discussing corporate actions & ticker mapping• Filtering data for bad ticks• Examining survivorship bias• Identifying the Build vs. Buy decision

Lisa BorlandHead of Derivatives ResearchEvnine & Associates

Neal FalkenberryCFA, SVPTick Data

4:30 KEYNOTE: Volatility Arbitrage• Constructing a good (accurate, smooth, arbitrage free) implied

volatility surface• Arbitraging different estimates of historical volatility• Skew arbitrages• Examining links between vanilla options, VIX options and variance

options• Discussing the optimal implementation of dispersion trades

Bruno DupireSenior Researcher, Quantitative ResearchBLOOMBERG

5:15 Chairman’s Closing Remarks andEnd of Conference Day 1

Register Today! www.iqpc.com/us/volatility 3Sponsors:

Main Conference Day OneTuesday, March 24, 2009

This workshop will address advanced modeling and numerical techniquesthat are fitting for today’s market situation, where volatility and jump riskpremia have become more pronounced than ever. The participants willmeet best practices as well as get insight into cutting edge techniques.

What we will cover:• Potentials and limits of affine jump diffusion models • Option pricing using characteristic functions and Fourier inversion

• Risk management by capturing the dynamics of commodity prices• Simulating future volatility paths and calculating VaR• Assessing the impact of spot price jumps on commodity variance

swaps• Probing links to interest rates, credit, equity, and foreign exchange

modeling

Workshop Leaders:Peter Dobranszky, Model Validation Quant, Fortis Merchant Banking

• The “Extremes”• A Best Choice exclusive that displays the Volatility of a Stock or Future• Using the “Search Wizard” to find the best stock• Using the “Cycle Wizard” to determine the best time to enter a trade• How to select the best ‘Option’ and ‘Strike Price’ to make the greatest

profit• Winning 90% of all trades

8:00 Registration and Refreshments

8:45 Chairman’s Opening Remarks

9:00 Best Sectors and Industries for Volatility TradePlaysPanelists will discuss and debate which sectors and industrieswill provide the best opportunities for volatility trading.

Larry ConnorsManaging DirectorConnors Capital

9:45 Trading Volatility in Currencies andCommodities • Assessing which currency and commodity trading models

thrive in volatility• Using one-week and one-month currency options • Analyzing the top 15 traded currency pairs for opportunities

Lutz KarpowitzSenior Foreign Exchange StrategistCommerzbank

Caio NatividadeHead of FX Derivatives StrategyDeutsche Bank

Peter DobranszkyModel Validation QuantFortis Merchant Banking

10:30 Morning Networking Refreshments

11:00 Analyzing Dispersion Trading• Capitalizing on the mispricing of different volatility markets• Effectively taking advantage of relative value differences in

implied volatilities between an index and a basket ofcomponent stocks

• Profiting from uncorrelated measures of returns

Philippe CombescotDirector of Global Structuring GroupBNP Paribas

Arthur CondodinaDerivatives Trading OfficerBank of New York Mellon

Sunny DeckerPresidentBest Choice Software

11:45 Identifying how Making Money in theMarkets is not that Difficult• Seasonal Cycles show when a Stock or Commodity will move• Directional Options produce, Quick, Big Profits

Sunny DeckerCEOBest Choice Software

12:30 Networking Luncheon

1:30 pm– 3:30 pm

Commodity Market Models with Stochastic Volatility and Jumps

4

Main Conference Day TwoWednesday, March 25, 2009

Wednesday, March 25, 2009Post-Conference Workshop

Concurrent Show Case Seminar

Register Today! www.iqpc.com/us/volatilitySponsors:

The magic ‘Formula’ for making huge profits: D D S T S…Direction;Duration; Strike; Timing; Selling

• The difference between a regular chart and a Logarithmic chart• How we apply “Alert Lines” to the ‘Log’ chart that show when a Stock

or Future is ‘Low’, and will go up, and shows when it is too ‘High’ andwill go down

• These are called ‘Turn around’ times

1:15 pm– 4:30 pm

Best Choice Software will be presenting

Register Standardand Pay by Price after

Feb. 27 Feb. 27

Conference (save $200)Only $1,599 $1,799

Conference (save $200)+ 1 Workshop $2,148 $2,348

PRICING

5 EASY WAYS TO REGISTER:

3

2

1

4

5

Web: www.iqpc.com/us/volatility

Call: 1-800-882-8684 or 1-646-378-6026

Email: info@iqpc.com

Fax: 1-646-378-6025

Mail: IQPC535 5th Avenue, 8th Floor, New York, NY 10017

Note: Any registrations not accompanied by immediate payment willbe subject to a $99 service charge. Please note that multiplediscounts cannot be combined.

MAKE CHECKS PAYABLE IN U.S. DOLLARS TO: IQPCCT residents or people employed in the state of CT must add 6%sales tax.

SPECIAL DISCOUNTS AVAILABLE:A limited number of discounts are available for the non-profit sector,government organizations and academia. For more information,please contact customer service at 1-800-882-8684. For informationon team discounts, please also contact IQPC customer service at 1-800-882-8684. Only one discount may be applied per registrant.

PAYMENT:Details for making payment via EFT or wire transfer:JPMorgan ChasePenton Learning Systems LLC dba IQPC: 957-097239ABA/Routing #: 021000021Reference: Please include the name of the attendee(s) and the eventnumber: 13763.002

Payment Policy: Payment is due in full at the time of registrationand includes lunches, refreshments and detailed conferencematerials. Your registration will not be confirmed until payment isreceived and may be subject to cancellation. For IQPC’sCancellation, Postponement and Substitution Policy, pleasevisit www.iqpc.com/cancellation

©2009 IQPC. All Rights Reserved. The format, design, content andarrangement of this brochure constitute a trademark of IQPC.Unauthorized reproduction will be actionable under the Lanham Actand common law principles.

Stay at the Hilton Times Square in NYC! Secure yourroom by March 1, 2009 and pay only $289 per night.Call 1-800-HILTONS and mention the group code“Volatility Trading-IQPC” This offer is based onavailability.

Sponsorship and ExhibitionOpportunitiesSponsorships and Exhibits are excellent opportunities for your company toshowcase its products and services to high-level, targeted decision makersattending the 2nd Volatility Trading Summit. Finance IQ helps companies likeyours achieve sales, marketing and branding objectives by setting aside a limitednumber of event sponsorships and exhibit spaces – all of which are custom-tailored to help your company create a platform to maximize its exposure at theevent. Visit us on the Web to see what other exciting and information-packedconferences are being offered by the International Quality and Productivity Center.

To find out more about upcoming events, contact Mario Matulich at 866-232- 8440 or via email at sponsorship@iqpc.com.

Sponsors:

Media Partners:

Best Choice is a unique, exclusive, world-class, five part,decision-making stock market software that does what noother software can do: it eliminates the human emotion ofwhat to buy, when to buy, and pulling the trigger. Using

the most advanced search engine ever created, Best Choice will find the beststocks for long-term investing, stocks ready to break out the day before ithappens for swing trading, analyze all stocks for strategic option plays, and,with the newest cycles development, search stocks for seasonal patterns with90-100% proven directional movements. For mutual funds, Best Choice willdisplay when to buy and when to sell. Using the exclusive "extreme percent"learn how to buy stocks or mutual funds at the bottom and take profits at thetop of the move. Best Choice conducts a stock market seminar following eachtrade show, where the program is presented in great detail.Web site: www.bestchoicesoftware.com

thinkorswim, founded in 1999 and headquarteredin Chicago, is a leading online brokerage companyspecializing in options. We support retail andinstitutional traders through our own trading

platforms which are widely recognized as some of the industry’s best forexecution, professional analytics and real-time position management.

Tick Data, a division of Nexa Technologies,Inc., provides clean, reliable historical intraday

time series data for the equity, options, and futures markets. Tick Dataemploys proprietary compression algorithms, price-filtering techniques, andticker symbol mapping processes to produce research-ready historical data.From efficient data collection and distribution to seamless integration withthird-party analytical software, the Tick Data division removes the frustrationfrom building and maintaining historical databases.

OptionMetrics is the financial industry's premierprovider of reliable historical option price data, tools,and analytics. Currently, over 200 institutional

subscribers and universities rely on our products as their main source of optionspricing, implied volatility calculations, volatility surfaces, and analytics. Weenable traders to construct, test, and execute options/derivatives investmentstrategies and accurately monitor their risk exposure, so that they can makemore informed and, ultimately, more profitable investment decisions.

FINCAD provides software, market data and consultingservices that support the valuation and risk managementof financial derivatives and other securities. FINCAD’s

cross-asset analytics library provides comprehensive coverage of vanilla andexotic credit, foreign exchange, interest rate, fixed income, volatility,commodity, and equity derivatives. FINCAD Analytics is available as a solutionthrough Microsoft® Excel or through Developer APIs. Used by more than35,000 finance professionals in over 80 countries, FINCAD customers andpartners include banks, corporate treasuries, hedge funds, asset managementfirms, auditors, and governments. Over 70 FINCAD Alliance Partners embedFINCAD Analytics within their solutions. FINCAD provides sales and clientservices from Dublin, Ireland and Vancouver, Canada. For additionalinformation, visit www.fincad.com

Register Today! www.iqpc.com/us/volatility5

Proudly presents the must-attend summit:

Register Today! www.iqpc.com/us/volatility6

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Register by February 27, 2009

to SAVE $200 off the standard price

Strategies and Insight for aVolatile and Bear Market

2nd

Volatility Trading Summit

TM

March 24-25, 2009 Hilton Times SquareNew York, NY