Derivatives Forum Paris 2026

• Jonas Ullmann, Executive Board Member, Eurex
• Mezhgan Qabool, Head of Sales, EMEA

Fireside Chat: Europe’s economic future in a fragmenting world

This Fireside Chat offers a behind-the-scenes look at the most influential ideas and debates shaping strategic investment decisions for the year ahead.

• How are global macroeconomic complexity and regional dynamics creating risks and opportunities?
• Which geopolitical risks will drive long-term market trends, and which are overstated?
• What is the impact of technology and AI on investment processes?

• Raphael Brun-Aguerre, Senior Economist, J.P. Morgan

Speakers:

• Davide Masi, Global Product Lead, Credit Index Derivatives
• Antoine Canard, Head of Overlay & Multi-Expertise Portfolio Management, Amundi Asset Management

Panel: The European clearing landscape & AAR requirements
 

European clearing markets are undergoing a structural shift as investors seek to take advantage of capital efficiencies and the attractiveness of trading in a cleared environment. This panel discusses the state of clearing, from OTC IRD to STIRs and FX.

• EMIR 3.0, what’s next in the European clearing space?
• What defines quality liquidity in today’s markets, and how are buy-side participants rethinking execution strategies?
• Active Account Requirements: client developments, reporting obligations, and positions transfer.

• Isabelle Blanche, Regional Sales Manager, Eurex
• Gaspard Bonin, Deputy Global Head of Derivatives Execution & Clearing, BNP Paribas
• Dimitri Mongeot, Senior Trader, BNP Paribas Asset Management

Repo markets serve as a foundational layer for broader financial markets. As excess liquidity is removed from the system through reductions in central bank balance sheets, repo markets are becoming more central to buy-side investment strategies. Our panelists will discuss the impact of macro trends, the challenge of electronification, and how margin efficiencies boost volumes and transparency.

• How have the dynamics of the repo market shifted over the past three years?
• Sponsored clearing in Europe is on the rise. What are the challenges and opportunities for buy-side firms?
• What’s next for the repo market in Europe?

• Patrice Lacourarie, Head of Derivatives Clearing Services, HSBC
• Charlie Badran, Head of Axa Financing, BNP Paribas Asset Management
• Alexandra Morelle, Regional Sales Manager, Eurex 

Panel : Navigating a shifting volatility regime — buy-side perspectives across asset classes
 

Market volatility has remained a defining condition of the global financial landscape in recent years. This panel explores how volatility dynamics are evolving across equities, foreign exchange, and rates, viewed through the lens of buy-side practitioners. The discussion will focus on changes in trading approaches, the role of structured and systematic strategies, and how technological advances are reshaping participation in volatility markets.

• How have volatility trading and risk management practices adapted in response to recent market cycles?
• Where is innovation most needed to support the next phase of volatility products and strategies?
• Looking ahead to 2026, what volatility scenarios should firms prepare for, and how can they position themselves proactively?

• Sophie Granchi, Regional Sales Manager, Eurex
• Gavin Dolan, Executive Director, Equity Trader, Goldman Sachs 
• Laurent Clavel, Global Head of Multi-Asset, AXA Investment Managers
• Michaël Soued, Multi strategies portfolio management, Ostrum Asset Management

Fireside Chat : What’s next for EU debt?

Euro‑EU Bond Futures are designed to enhance liquidity in the EU debt market. What are the key drivers behind this innovative product, its potential benefits for investors, and how does it complement Eurex’s existing fixed income offerings? Discover how these physically delivered futures can be used for hedging EU bond exposure and contribute to a more dynamic market.

• How can investors leverage Euro‑EU Bond Futures to manage risk and potentially enhance returns within their portfolios?
• Understanding the contract specifications and delivery mechanism — and how these futures fit into the broader fixed income landscape.

• Jutta Frey-Hartenberger, Global Product Lead LTIR, Eurex
• Sören Kretschmar, Managing Director, Head Bond Derivatives, Deutsche Bank

Panel : Futurization & QIS: How listed derivatives are transforming portfolio management
 

The rise of quantitative investment strategies (QIS) and the launch of QIS Index Futures at Eurex mark a major step in the futurization of derivatives markets. This panel brings together leading portfolio managers and further experts to discuss how the shift from OTC products to listed, exchange‑traded formats is reshaping systematic investing, improving access, and enhancing capital efficiency.

• How the futurization of QIS expands institutional access through standardized, transparent, and cost‑efficient listed futures.
• How portfolio managers integrate QIS futures to optimize margin, collateral, and overall capital usage.
• How listed derivatives enable scalable market‑neutral or defensive strategies to strengthen portfolio diversification.

• Stuart Heath, Product Design, Eurex
• Pierre Trecourt, COO, Premialab
• Rémi Genlot, Head of Solutions and Structuring, Sanso Longchamp AM
• Mahmoud Elarbi, Heads of Custom Baskets, Société Générale CIB