The FIA Boca-V conference saw a slight deviation in form with its final keynote speaker on the topic of sustainability. Instead of an extended Q&A or a roundtable discussion among many panelists seen in sessions from previous days, FIA CEO Walt Lukken gave the floor to renowned astrophysicist and former space science education lead at NASA, Dr. Hakeem Oluseyi, to tell his life story.
Financial institutions are great at collecting data, but they actually utilize less than 1 percent of what they have in-house, said Google executive Derek White. That’s a strong use case for enlisting cloud technology’s help clean and connect that data to the players in a market’s ecosystem.
Eurex CEO Michael Peters on Wednesday told this year’s FIA Boca-V attendees that Eurex will launch a futures contract on a bitcoin ETN, an instrument that trades on Deutsche Boerse’s Xetra platform. Peters nodded to the example of other Eurex derivatives based on ETNs, mentioning specifically its gold ETN futures, but offering no launch date or other details on the bitcoin product.
The global leaders panel of FIA Boca-V has been broken into three parts this week: trends, access and regulatory issues and geopolitics. The access and regulatory issues discussed on Tuesday focused on growth opportunities and questions about retail traders using social media sites like Reddit to compete against institutions.
“Global Exchange Leaders on Markets: Trends” was a session during FIA Boca-V that was stacked with top-level executives from some of the biggest exchanges in the industry. Appropriately, it was one of the first sessions that took place on Day One of the virtual conference — it’s always good to start these things off with a bang.
If there still are any doubters as to the extent of Brexit’s impact on London’s financial markets, Mairead McGuinness, European commissioner for financial services, set them straight on Tuesday. In a keynote address to the FIA’s Boca conference, she called the U.K.’s then-popular 2016 decision to leave the E.U. “a major fragmenting event” with consequences.
After the now-inevitable discussions of the financial industry’s successful taming of the threats presented by first the pandemic and then Brexit, the hour-long session ”The Future of Markets” provided a solid 25 minutes of discussion about a couple of topics likely to affect markets as time goes on: ESG and 24/7 trading.