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How is ESG transforming the industry? How will financial markets evolve post-Brexit? Will clearing innovation affect the buy side? And will IBOR reform truly result in a better mechanism? Join Eurex and Bloomberg at the Derivatives Forum 2019 in London, where we will discuss these issues and many more.

One of the leading events on derivatives, trading and risk management, the Derivatives Forum provides you with the perfect opportunity to ask questions and find answers, as well as network with your peers at the closing reception.

Register your details to join Bloomberg and Eurex at this year's event, and network with your peers at the closing reception.    

     Discussion topics

     • Effectively integrating ESG into your portfolios
     • Brexit’s impact on markets and euro clearing
     • Quantitative investment strategies in volatility
     • Staying up-to-date with clearing developments
     • IBOR Transition: how is it progressing and what will a post-LIBOR world look like?
     • Where are the frontiers between the order book and off-book markets?

Couldn’t leave your desk to attend our London Derivatives Forum? No worries, Eurex and Bloomberg got you covered. A number of the sessions will be livestreamed right to your desk via the Bloomberg Terminal. 

Click here bbg://screens/live/ or enter ‘live’ <GO> on your Bloomberg terminal and search for “Derivatives Forum London 2019”. 

 

Agenda

09:00 - 09:30Registration and networking
09:30 - 09:45Welcome
Thomas Book, CEO, Eurex
Andrea Mosconi, Head of EMEA Sales, Bloomberg
09:45 - 10:00 

Keynote: Fixed Income Macro Outlook
Less stress, more lift but limited value
John Normand, Head of Cross-Asset Fundamental Strategy, J.P. Morgan

10:00 - 10:40

Panel: IBOR reform
Transitioning from IBOR to Risk Free Rates
Driven by declining liquidity in the unsecured inter-bank lending market, firms are facing a significant amount of planning in the lead up to 2021. The prevailing question really is what a post-Libor world would look like. This panel will provide you with pivotal insights into the key challenges firms face in the lead up and how they are preparing for a post-Libor environment. 

Moderator:
William Mitting, Founder and Managing Director, Acuiti
Speakers:
- Michael Barron, Director, UK Insurance and Pensions, Deutsche Bank
- Robert Mitchelson, EMEA Head of Rates Trading, BlackRock
- Benjamin Bullock, Product Manager Derivatives Data, Bloomberg
- Lee Bartholomew, Head of Fixed Income Product R&D, Eurex

10:40 - 10:55   Break
10:55 - 11:35  

Panel: Evolution of Financial Markets: Brexit & Euro-Clearing
The global landscape - shaping the financial markets of the future
In the global political environment, we see tendencies to return to national markets, although markets are global. This creates challenges as well as opportunities. In this session, the panel discusses the perspective of the sell- and buy-side as well as regulators. How does the financial market of the future look like? Where are the new hubs and what is their relevance today and in 10 years? How will the financial markets evolve post-Brexit and how will it affect euro clearing? 

Moderator:
Julia Schieffer, Founder, DerivSource
Speakers:
- Gaspard Bonin, Global Head of Derivatives Execution & Clearing, BNP Paribas
- Fiona van Echelpoel, Deputy Director General, DG Market Infrastructure & Payments, ECB
- Rosa Fenwick, Portfolio Manager, BMO Global Asset Management
- Finbarr Hutcheson, President, ICE Clear Europe
- Erik Müller, CEO, Eurex Clearing
 

11:35 - 12:15          

Panel: Clearing Innovation - Buyside Access Models
Take a walk on the buy side
Everyone benefits from more buy-side participation, the buy side included. But how do we achieve this? What are the key challenges that the buy side faces and what solutions are being offered? What products are most interesting from a trading and clearing perspective and how can the markets be optimized for attracting more buy-side participation? What value does a direct access model like ISA Direct add and will regulatory pressure influence the drive for collateral optimization? Our buy-side panel is not just interesting for buy-side clients as understanding buy side needs is essential in sell-side trading. 

Moderator:
Adam Lister, IRS Product Manager EMEA, Bloomberg
Speakers: 
Robert Chin, Senior Managing Lawyer, Strategic Initiatives, Insight Investment
- Jan Grunow, Head Investment Operations, Swiss Life Asset Management
- Alexander Jacobs, Global Head of OTC Derivatives, ABN Amro Clearing
- Philip Simons, Global Head of Fixed Income Sales, Eurex  
 

12:15 - 13:15Lunch
13:15 - 13:30Keynote: ESG
From morality to materiality – how ESG is changing the financial industry

Georg Kell, Founding Director, United Nations Global Compact

13:30 - 14:05

Panel: ESG Materiality & Impact assessment
How material is ESG?
Investment management is about selecting assets based on quantifiable financial factors that determine risk and potential. But what happens when these financial factors get combined with non-financial factors such as ESG? This panel discusses the materiality of ESG in investment management: What is the definition of "Materiality"? Are ESG factors material across asset classes, regions and time? How can a framework be created to make ESG factors quantifiable? And how can ESG data be sourced and combined?

Moderator:
Olivier Wibo, Head of EMEA Buyside Specialists, Bloomberg 
Speakers:
- James Corah, Head of Ethical and Responsible Investment, CCLA
- Georgina Parker, Head of Sustainability, Quaero Capital
- Gail Counihan, Fixed Income ESG Analyst, Franklin Templeton

14:05 - 14:40Panel: ESG Integration in Portfolio 
A deep dive into ESG investing

Incorporating ESG is undeniably becoming an integral part of portfolio management. Time therefore to focus not on ‘if’ ESG should be incorporated but ‘how’. What are the substantial elements of an ESG portfolio? What is the impact of ESG on the primary and secondary markets, and will there be a future where all products are ESG weighed? Or will ESG be just another factor in generating alpha? How can we make the ‘G’ in ESG tradeable and will the future hold separate E, S and G products? Join our panel as we deep dive into the world and future of ESG.

Moderator:
William Mitting, Founder and Managing Director, Acuiti
Speakers:
- Lisa Beauvilain, Head of ESG & Sustainability, Impax
- Paul Flood, Portfolio Manager, Newton Investment Management
- James Gloak, Sustainable Investing Analyst, EMEA, BlackRock
- Zubin Ramdarshan, Head of Equity & Index Product Design, Eurex

14:40 - 14:55Break
14:55 - 15:15

Keynote: Equity Derivatives Outlook
Cross-asset and volatility outlook – growing threat of a return to ‘fat and flat’
Christian Mueller-Glissmann, Multi Asset Strategist, Goldman Sachs

15:15 - 15:55

Panel: Volatility & Risk Premia
Volatility Investment Strategies, are there enough Risk Premia left? 
Market trends and outlook for quantitative volatility investments discussed by leading participants from asset managers that engage in different investment approaches and strategies. Are there enough risk premia left in markets? What relationship can be drawn from more complex corridor or knock out VarSwaps to the retail structured products markets and its risk profile?

Moderator:
Claudio Brangian, Global Head of Financial Engineering, Bloomberg    
Speakers: 
- Bernhard Brunner, Partner & Co-Founder, Finccam GmbH
- Angel Serrat, Partner & Chief Strategist, Capula Investment Services
- Richard (Jerry) Haworth, CEO & Co-Founder, 36 South Capital Advisors

15:55 - 16:10Keynote: News Automation
AI and navigating the coming Newspocalypse
Kenneth Kohn, Product Manager News Automation, Bloomberg 
16:10 - 16:50

Panel: Market Structure
Frontiers between on- and off-book markets
The central order book plays a pivotal role in exchange trading. It enables price discovery, provides transparency, builds confidence in a product’s liquidity and stimulates arbitrage and algorithmic trading opportunities. But, there are limitations to the order book in some products. Could some of these limitations be overcome? Will large or complex orders still be handled via phone-based block trades ten years from now, or will this model be phased-out and replaced by other means of price discovery? Can the order book further push the frontier between on- and off-book trading or will its relevance be reduced once electronic off-exchange trading models become more efficient? 

Moderator:
William Mitting, Founder and Managing Director, Acuiti
Speakers:
- Eric Boess, Global Head of Trading Allianz Global Investors
- Randolf Roth, Executive Board Member, Eurex
- Conor McCann, European Head of Sales, Susquehanna

16:50 - 17:00 Closing remarks
17:00 - 18:30Drinks & Networking

Featured speakers

 

Michael Barron, Director, UK Insurance and Pensions

Michael rejoined Deutsche Bank in 2016 and is in charge of sales coverage of UK pension and insurance clients for rates products including extensive work on LIBOR to RFR transition for this sector. Michael also represents Deutsche Bank on the Working Group on Sterling Risk-Free Reference Rates and is a prominent member of Deutsche Bank’s internal IBOR reform effort.

Prior to his current role Michael spent 12 years trading Sterling interest rate derivatives including both options and interest rate swaps at HSBC, Deutsche Bank and Morgan Stanley.



Lee Bartholomew, Head of Fixed Income Product R&D, Eurex

Lee Bartholomew was appointed Head of Derivatives Product R&D Fixed Income in December 2016. He is responsible for developing the existing portfolio of products and the evaluation as well as implementation of new products and services within FIC.
He is responsible for leading the next phase of product innovation by building and managing Eurex product FIC research and development business.


Lisa Beauvilain, Head of Sustainability & ESG, Impax

Lisa joined Impax in 2010. She started working in the financial industry in 1999 and previously worked as an executive director in the Investment Management Division of Goldman Sachs International. Lisa has also worked as an independent consultant, focusing on environmental policy research and analysis. She is active within working groups relating to impact investing, the circular economy and ESG standard setting with several external industry organisations. Lisa has an MSc in Environment and Development from the London School of Economics as well as an MSc in Finance from the Hanken School of Economics, Finland.


 Benjamin Bullock, Product Manager Derivatives Data, Bloomberg
 

Ben joined Bloomberg in 2017 and is currently a Derivatives Data Product Manager. His team is responsible for all aspects of Bloomberg's cross-asset derivatives data infrastructure. Ben is also a key member of Bloomberg's LIBOR Transition Working Group. Prior to joining Bloomberg Ben spent 13 years trading interest rate derivatives for an international bank and most recently held the role of Head of European & Asian Interest Rate Swap Trading. 
 
 

Robert Chin, Senior Managing Lawyer, Strategic Initiatives, Insight Investment

Robert joined Insight in September 2014 and is Senior Managing Lawyer for strategic initiatives. Amongst other things, Robert has worked on building out Insight’s central clearing platform and implementing derivatives regulatory reforms for Insight’s clients. He has worked on a number of clearing initiatives for Insight and from a market infrastructure perspective. 


Fiona van Echelpoel, Deputy Director General, DG Market Infrastructure & Payments, European Central Bank

Fiona is Deputy Director General in the Directorate General Market Infrastructure and Payments (DG-MIP) of the ECB since January 2018. She has a broad background in central banking, having worked in a number of functions in the market infrastructure and market operations areas of the ECB since its establishment in 1998 and previously for its forerunner the European Monetary Institute (EMI); prior to that she worked at the Central Bank of Ireland.

She represents the ECB in various European and international fora and currently co-chairs the TARGET2-Securities Cooperative Arrangement and the European Forum on the Security of Retail Payments (SecuRePay). She holds a degree in Economics and Politics from University College Dublin.

Finbarr Hutcheson, President, ICE Clear Europe 

Finbarr became President of ICE Clear Europe in October 2017. Preceding this, from late 2013 he was President at Intercontinental Exchange Benchmark Administration Limited.  From 2011 - 2013 he was the Chief Executive of NYSE Liffe, the international derivatives business of NYSE Euronext, where he was responsible for the Group’s European Fixed Income, Currencies and Commodities (“FICC”) businesses.

Prior to NYSE Euronext, Finbarr spent 15 years working for Goldman Sachs in a variety of roles in derivatives.  Most recently he was Global Head of Futures Services Business Development within the Securities Division.  In that role he was responsible for defining and delivering strategic enhancements for that business, responding to evolving client needs and industry developments.

Before he joined Goldman Sachs in 1996, Finbarr worked at Fimat International Banque, Dublin. He has served as a non-executive director of The Futures and Options Association, LCH Clearnet Group N.V. and ICE Clear Europe.
 

Alexander Jacobs, Global Head of OTC Clearing, ABN AMRO Clearing Bank

As Global Head of OTC Clearing, Alexander is responsible for all OTC trading and clearing related business within ABN AMRO Clearing. As of 2014 Alexander heads the OTC Derivatives Clearing Services, which services and facilitates Financial Institutions, Hedge Funds and Professional Trading Firms in their OTC trading and clearing activities

Alexander fulfilled various senior roles in derivative trading and investment management covering multiple asset classes, client segments and financial products of which the last 15 years with ABN AMRO, Fortis and ING IM.  

Prior to joining Investment banking, Alexander spent 6 years as Market Maker trading equity derivatives on the Amsterdam Options Exchange.
 


Georg Kell, Founding Director, United Nations Global Compact

Georg is Chairman of the Board of Arabesque, an ESG Quant fund manager that uses self-learning quantitative models and big data to assess the performance and sustainability of globally listed companies. Its investment technology processes over 100 billion data points to select an investment universe of equities with the aim of delivering superior returns, integrating Environmental, Social, and Governance (ESG) information with quantitative strategies.

He was the founding Executive Director of the United Nations Global Compact, the world’s largest voluntary corporate sustainability initiative with over 9,000 corporate signatories in more than 160 countries. Through his leadership, the Global Compact became the foremost platform for the development, implementation and disclosure of responsible and sustainable corporate policies and practices. 
 


Adam Lister, IRS Product Manager EMEA, Bloomberg

Adam is Bloomberg's IRS Electronic Trading Product Manager in the region since 2015 having spent the previous 9 years at an international sell-side institution in a Rates Electronic Markets role. Adam was a key contributor to Bloomberg's MiFID work with a current focus on extending product and client coverage of cleared derivatives on Bloomberg's regulated venues. Adam is currently a member of the ANNA DSB Product Committee and also contributes to Bloomberg's LIBOR Transition Working Group


Robert Mitchelson, Director, EMEA Head of Rates Trading, BlackRock

Robert Mitchelson, BA (hons), Director, is EMEA Head of Rates Trading within Blackrock's Trading, Liquidity & Lending group. Mr Mitchelson's service with the firm dates back to 2008 including his years with BGI which merged with Blackrock in 2009. Prior to this he worked for Credit Suisse Asset Management as a Fixed Income Trader. He is a senior trader specializing in derivatives. Mr Mitchelson is an active member of the Risk Free Rate Working Group (RFRWG) and integral to BlackRock’s IBOR transition efforts.
 

William Mitting, Founder and Managing Director, Acuiti

William is the founder and managing director of Acuiti.io, the new business intelligence platform for the derivatives market. He founded Acuiti in February 2019 after 8 years at Euromoney Institutional Investor where he served as Editor and Publisher of FOW and oversaw the merger between FOW and Global Investor becoming managing director of the combined group in October 2016.Prior to joining FOW, he spent 18 months in Malawi where he founded the first magazine publishing company in the Norther Region of the African country to test a thesis that business provided a better route to long term development than aid. 


Erik Tim Müller, Chief Executive Officer (CEO), Eurex Clearing AG

Erik Tim Müller has over 20 years of experience in Capital Markets and is a member of the Executive Board of Eurex Clearing AG since April 2013. He is also a member of the Management Board of Eurex Deutschland. 

As Managing Director of Deutsche Börse Group, he has been previously responsible for Corporate Strategy and Mergers and Acquisitions (M&A) for many years. Since the IPO of Deutsche Börse in 2001, Erik Tim Müller has been a manager of Deutsche Börse Group. He has been responsible for Group Treasury and Investor Relations, including all treasury activities of the two bank licensed businesses of Deutsche Börse Group, Eurex Clearing in Frankfurt/Main and Clearstream in Luxembourg since 2008.


Christian H. Mueller-Glissmann, Multi Asset Strategist, Goldman Sachs

Christian heads asset allocation research efforts within portfolio strategy. He also writes research on derivatives with a focus on dividends, volatility and correlation. Christian is a member of the Structured Research Products Working Group. Previously, he worked on the Tactical Research Group, focused on quantitative investment strategies.

Prior to that, Christian worked in derivatives trading in Frankfurt. He joined Goldman Sachs in 2005 and was named managing director in 2015. Christian earned a master's degree in Finance and Management from the University of Mannheim. He also studied at Warwick Business School and ESSEC Business School. Christian is a CFA charterholder.


John Normand, Head of Cross-Asset Fundamental Strategy, J.P. Morgan

John is Managing Director and Head of Cross-Asset Strategy at J.P. Morgan, where he develops the bank’s outlook across FICC and Equity markets, authors the flagship weekly The J.P. Morgan View and issues thematic research on global macro and geopolitical topics. In his more than 20 years of experience in investment strategy at J.P. Morgan, he has also managed several global research teams and received nine First Team awards in Institutional Investor global, US and European surveys. 


Randolf Roth, Executive Board Member, Eurex

In April 2016, Randolf Roth was appointed to the Managing Board of Eurex Frankfurt AG where he is responsible for Eurex Market Design. He is also a member of the Management Board of Eurex Deutschland since July 2016.

Until February 2016 Randolf Roth served as CEO two related companies: Zimory GmbH and Deutsche Börse Cloud Exchange AG. Previously, between 1999 - 2014, he had already been working for Eurex in London, Chicago and Frankfurt in a number of roles including Head of Strategy and Head of Market Structure.

Until June 2016 Randolf Roth was member of the Supervisory Board of EEX AG. In 1999, Randolf Roth received his PhD in Financial Engineering from Technische Universität Dresden.

Participating companies

  • 36 South Capital Advisors
  • ABN Amro Clearing
  • Acuiti
  • Allianz Global Investors
  • BlackRock
  • Bloomberg
  • BMO Global Asset Management
  • BNP Paribas
  • Capula Investment Services
  • Deutsche Bank
  • European Central Bank
  • Finccam GmbH
  • Goldman Sachs
  • Impax
  • Insight Investment
  • Newton Investment Management
  • Susquehanna
  • Swiss Life Asset Management
 
 
 
 

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