Retail investors are increasingly using sophisticated financial instruments, including listed derivatives. This panel brings together leading experts to analyze the current state of retail listed derivatives trading in Europe, exploring opportunities and challenges for growth.

• How do retail investors currently interact with European derivatives?
• How can Europe stimulate more retail participation?
• Is regulation fit for purpose with respect to retail investors trading listed derivatives?

Moderator	Lara Shevchenko, Market Structure Policy Advisor, EPTA
Speakers	Jan Heyder, Senior Sales Manager, CapTrader Doeko Doets, EU Head of Prime Client Relationships, ABN AMRO Clearing Bank Markus Strauch, Global Head of Trading & Digital Assets, Bitpanda Markus-Alexander Flesch, Member of EGAG Executive Board, Eurex

Credit is among the world’s largest asset classes, yet derivatives trading remains largely OTC. That is beginning to change following the launch of Credit Index Futures on Eurex. This panel will discuss listed alternatives to improve market access, how these contracts work, and ways to seize opportunities within the broader credit market.

• How do listed credit index futures fit into the current OTC offering?
• How are firms navigating credit volatility and what is the role of futures in their strategies?
• What are the relative value opportunities in volatile credit markets?

Moderator	Radi Khasawneh, Derivatives Editor, FOW
Speakers	Manuel Tremml, Portfolio Manager, XAIA investment Davide Masi, Global Product Lead, Credit Index Futures, Eurex Bodha Bhattacharya, Managing Director, Goldman Sachs Antoine Canard, Head of Overlay & Multi-Expertise Portfolio Management, Amundi Gavin Byrne, Head of LD Sales Trading Paris, BNPP

This keynote session will bring together senior buy-side leaders to discuss how automation, analytics, and connectivity are reshaping trading, liquidity access, and risk management across Europe — and where human judgement still matters most. The goal is a candid, practitioner-led conversation on the balance between machine efficiency and trader instinct; how firms are using data and workflow automation to handle regulatory and margin pressures; and why the next competitive edge will come not from replacing people with algorithms, but combining the two. In short, we’ll explore what the next-generation buy-side derivatives desk looks like — faster, smarter, greener… yet still unmistakably human.

• How automation, analytics, and connectivity are reshaping trading, liquidity, and risk management
• Where human judgment still matters alongside growing machine efficiency
• Why the edge comes from blending trader instinct with technology for a smarter, greener desk.

Moderator	Henry Wallis, Head of Strategy Financial Markets, WBR
Speakers	Elke Wenzler, Head of Trading, MEAG Antonia Oddin, Head of Trading, Banque Eric Sturdza Yven Scholz, Head of Electronic Trading, Allianz Global Investors Philipp Kremer, Senior Portfolio Manager and Quant Research, La Francaise Systematic Asset Management

The rise of Quantitative Investment Strategies has been one of the defining themes of buy-side investment. Now, for the first time, investors can trade QIS in a futures format with the launch of QIS Index Futures at Eurex. This panel will explore how the contracts provide new access to the buy-side to trade these innovative strategies.

• How to generate market neutral or defensive strategies to target portfolio diversification?
• How does the futurization of QIS strategies improve access for institutional investors?
• How to invest in Custom Indices and QIS through listed derivatives?

Moderator	Helen Bartholomew, Bureau Chief London, Risk.net
Speakers	Elias Benzina, Head of EMEA Custom Baskets, Goldman Sachs Mikhail Krayzler, Senior Portfolio Manager, Allianz Global Investors Marcus Durell, Head of Index and Equity Derivatives, Schroders Matthew Riley, Regional Sales Manager, Eurex

ETFs and index derivatives are among the fastest growing instruments across the globe. As volumes grow, so too does innovation in the market with the launch of innovative structures and new underlyings. This panel will discuss the use of index and ETF derivatives to express views on niche markets and how to source liquidity – both on and off-screen.

• What are the trade-offs between on- and off-screen liquidity?
• How do liquidity providers source cash market liquidity to provide derivatives to clients?
• How are buy-side use-cases evolving?

Moderator	Will Mitting, Founder, Acuiti
Speakers	Philipp Schultze, Head of Sales Western & Southern Europe, Eurex Imanol Urquizu, Head of Derivatives, Santander Asset Management Michael Donders, Options Trader, Jane Street

This panel will explore how ETF derivatives and buffer ETFs are used to implement overlay strategies that improve portfolio efficiency, manage downside risk, and optimize capital. The conversation will highlight practical applications across asset classes, with insights from institutional investors and product specialists.

• How are ETF derivatives used to create tactical overlays in equity and fixed income portfolios?
• What role do buffer ETFs play in mitigating downside risk while maintaining upside participation?
• How do overlay strategies using ETF options and futures support liquidity and capital efficiency?

Moderator	Radi Khasawneh, Derivatives Editor, FOW
Speakers	Sushil Krishan, Managing Director, Goldman Sachs Hamish Seegopaul, Global Head of Index Product Innovation, STOXX Alexandre Roubaud, EMEA Head ETF Secondary Markets & Liquidity Solutions, BlackRock Imanol Urquizu, Head of Derivatives, Santander Asset Management

With trading and clearing of euro-denominated derivatives readily available on one platform, what are the implications for the market? This panel will delve into the various instruments available and discuss why visible liquidity isn’t the only metric.

• What are the developments at the end of the curve?
• How can investors leverage Euro-EU Bond Futures to manage risk and potentially enhance returns within their portfolios?
• What is next for fixed income market structure in Europe?

Moderator	Rebekah Tunstead, Senior Staff Writer, Risk.net
Speakers	Lee Bartholomew, Global Co-Head of Derivatives Products & Markets, Eurex Mirco Bulega, Partner and Lead Portfolio Manager, ExodusPoint Capital Management Christian Hering, Head of FICC, LBBW Sören Kretschmar, Head of Bond Derivatives, Deutsche Bank