Focus Day on Futurization

Listed alternatives to the OTC instruments - Trading Dividend Derivatives & Total Return Futures

13 November 2024, 15:00 CET / 09:00 EST


The derivatives marketplace continues to evolve, mostly driven by the transformation of OTC instruments into standardized, exchange-traded products. Let’s deep dive into this process, known as "futurization," in our next focus day. This virtual Focus Day will provide insights into the current market trends impacting Dividend Derivatives and Total Return Futures, the listed alternatives to their OTC counterparts.

Registration

Agenda

November 13
15:00
Part 1: Dividend Derivatives

15:00 – 15:05 Opening & Welcome
Ross Lancaster, Head of Research, Acuiti

The day starts with a quick overview of today’s topics and some insights into current market trends impacting dividends and total return futures - what hides behind that futurization term?


15:05 - 15:15 Fireside Chat: Where is the dividends market heading?
Paul Beck, Executive Director, Equity & Index Sales EMEA, Eurex
Antoine Deix, Head of Dividend & Repo Solutions, BNP Paribas

The dividend segment has grown into a vast offering of more than 350 different products. This first session will discuss the brief history of Eurex Dividends offerings and its successful development.

15:15 - 15:25 Fireside Chat: The shortcut to precise hedging
Ross Lancaster, Head of Research, Acuiti
Lorena Dishnica, Vice President, Equity & Index Product Design, Eurex

What drives the initial success of Mid-curve options? In this fireside chat, we will do a quick review of the first few months of Mid-curve options and its successful journey

15:25 - 16:10 Panel Discussion: Dividends Derivatives 2024 – trends & market update
Stuart Heath, Director, Equity & Index Product Design, Eurex
Antony Harden, Executive Director, Sales Trader, Goldman Sachs
Lorenzo Longo, Equity Portfolio Manager, Kedalion Capital
Serkan Batir, Managing Director, Global Head of Product Development, STOXX

In this session, you can get insights into trends and shed some light on the trends and market information in the recent dividends market.

16:10 – 16:25 Keynote: European dividend outlook 2025
Kevin Soyer, Director, Equity Research, S&P Global
Nikita Chhabra, Associate Manager, Dividend Research, S&P Global

Serkan Batir
Paul Beck
Nikita Chhabra
Antoine Deix
Lorena Dishnica
Antony Harden
Ross Lancaster
Lorenzo Longo
Kevin Soyer
16:30
Part 2: Total Return Futures

16:25 – 16:30 Introduction: TRF, the future of swaps
Ross Lancaster, Head of Research, Acuiti

The second half of our focus day turns to Total Return Futures (TRFs) as we look at the recent behavior of TRFs in repo markets along with Eurex’s various Index-, Equity- and Basket Total Return Futures offerings.

16:30 – 16:50 Fireside Chat: Overview of Index Total Return Futures
Ross Lancaster, Head of Research, Acuiti
Damien Zinck, Vice President, Equity & Index Sales America, Eurex
Shawn Creighton, Director, Index Derivatives Solutions, FTSE Russell
Sahand Taghizadeh, CFA, Head of STOXX Benchmarks, STOXX

Building on the Eurex Index TRF offerings overview, this session offers insights and analysis of the current Repo trading, Total Return Swap and trends.

16:50 – 17:30 Panel Discussion: Next generation in the equity finance world
Stuart Heath, Director, Equity & Index Product Design, Eurex
Tina Goldarreh, Trader, Goldman Sachs
David Raccat, Co-Founder & Chief Revenue Officer, Wematch.live
Grégoire Froehlich, Stock Lending Trader, Natixis

The final panel discussion focuses on Equity and Basket Total Return Futures. We will discuss developments in equity finance, including opportunities and use cases for trading these products based on various market outlooks.

17:30 – 17:35 Closing
Ross Lancaster, Head of Research, Acuiti
We finish the day with highlights from each session and ideas for moving “Futurization” forward.

Shawn Creighton
Grégoire Froehlich
Tina Goldarreh
Stuart Heath
Ross Lancaster
David Raccat
Sahand Taghizadeh
Damien Zinck

Speakers

Serkan Batir
Managing Director, Global Head of Product Development, STOXX
Paul Beck
Executive Director, Equity & Index Sales EMEA, Eurex
Nikita Chhabra
Associate Manager, Dividend Research, S&P Global
Shawn Creighton
Director, Index Derivatives Solutions, FTSE Russell
Antoine Deix
Head of Dividend & Repo Solutions, BNP Paribas
Lorena Dishnica
Vice President, Equity & Index Product Design, Eurex
Grégoire Froehlich
Stock Lending Trader, Natixis
Tina Goldarreh
Trader, Goldman Sachs
Antony Harden
Executive Director, Sales Trader, Goldman Sachs
Stuart Heath
Director, Equity & Index Product Design, Eurex
Ross Lancaster
Head of Research, Acuiti
Lorenzo Longo
Equity Portfolio Manager, Kedalion Capital
David Raccat
Co-Founder & Chief Revenue Officer, Wematch.live
Kevin Soyer
Director, Equity Research, S&P Global
Sahand Taghizadeh
CFA, Head of STOXX Benchmarks, STOXX
Damien Zinck
Vice President, Equity & Index Sales America, Eurex