15:00 – 15:05 Opening & Welcome
A brief welcome and introduction to the day’s themes and speakers.
15:05 – 15:40 Panel Discussion: Structural Shifts in Equity Vol: What It Means for Both Sides of the Street
European equity volatility is undergoing a structural shift. Rising index concentration — amplified by AI-driven mega-cap moves and geopolitical disruptions — is reshaping the correlation landscape and challenging traditional hedging assumptions. The discussion will also explore how far short selling can go and the impact of passive/ ETFs flow. A strategic, big-picture discussion bridging the sell-side and buy-side perspectives on what this new regime means for positioning and risk management.
15:40 – 16:00 Panel Discussion: Regional view (US vs. EU)
This panel provides a transatlantic view on volatility markets, featuring insights into trading behavior, product preferences, and regulatory considerations from a US-based perspective. Topics include volatility around political regime changes, the impact of US midterm and European elections, and the implications of increasing geopolitical fragmentation for global volatility markets and investment strategies.
16:00 – 16:20 Panel Discussion: Institutional Volatility Strategies: How End Clients Utilize European Equity Derivatives
Institutional investors are increasingly using European equity derivatives to implement a broad range of volatility, hedging and yield-enhancement strategies. This panel explores how banks and market makers support end-client activity across institutional use cases including dispersion, quantitative investment strategies (QIS), exotics, and structured products. The discussion will cover evolving client demand, liquidity provision and market structure developments enabling broader institutional participation.
16:20 – 16:40 Panel Discussion: Improving Liquidity in the EURO STOXX Options Ecosystem
This session explores recent improvements in liquidity in EURO STOXX Options (OESX and OEXP), supported by data insights and market observations. The discussion will cover developments across the EURO STOXX Options ecosystem, including OESX, OEXP and box strategies, and provide a data-driven update on liquidity trends, market quality enhancements, and recent developments. The panel will also address the increasing importance of Daily Options and shorter-dated maturities, particularly in light of the strong growth observed in the U.S. options market.
16:40 – 16:55 Fireside Chat: Driving Growth in MSCI Options
As market participants seek more flexible tools for managing volatility and accessing targeted exposures, the demand for innovative index derivatives continues to grow. This session examines the latest developments in MSCI Options, including the launch of Weekly Options and expanded Factor Futures.
16:55 – 17:00 Closing Remarks
A short wrap-up summarizing the key takeaways from the day and offering a forward-looking perspective on volatility markets.