FIA MarketVoice Podcast

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In this episode

Walt Lukken sat down with Robbert Booij at FIA Expo. Robbert, newly serving as CEO of Eurex in Frankfurt, shared his key priorities for the exchange, discussed the impact of retail investors, addressed the Draghi report on EU competitiveness and offered what lies ahead for Eurex.

In this episode

Walt Lukken talked with Tyler Page, founder and CEO of Cipher Mining, at FIA's Commodities Conference in September. They discussed bitcoin mining, it's impact on power grids and opportunities to leverage demand response programs, and how bitcoin miners can tap into the demand for high performance computing from generative AI companies.

In this episode

Chris Brummer joined Walt Lukken to discuss his impression of law students, the trends he sees in the cleared derivatives industry, crypto permeating the presidential policy debate and DC Fintech week. Chris, who founded DC Fintech week, brings his finance background as he serves as the Williams Professor of Financial Technology at Georgetown University Law Center and the Faculty Director of Georgetown’s Institute of International Economic Law, advises corporations and leads task forces for think tanks.

In this episode

Trabue Bland, SVP, Futures Exchanges at Intercontinental Exchange, talks to FIA President and CEO Walt Lukken about his journey from the world of regulation to business, the range of futures markets and products listed on ICE's different exchanges, and the critical role technology plays in the futures industry.

In this episode

This Boca 2024 panel of financial markets and sports leaders explored how concepts and approaches to investing and trading are increasingly being applied to professional sports globally. Topics include: data and analytics for player and team valuation and development; team ownership as an investment; the rise of sovereign wealth funds in sports; the impact of money in college sports; the trend of gambling and event markets in sports.

In this episode

Cboe Global Markets CEO Fred Tomczyk sat down with FIA President and CEO Walt Lukken at the FIA Boca conference to discuss acquisition strategies, growth in 0DTE trading, progress in Europe, and more.

In this episode

Daniel Gorfine, founder and CEO of Gattaca Horizons, talks to FIA President and CEO Walt Lukken about his time leading innovation at the CFTC, the rise of AI in financial services, digital asset regulation, and more.

In this episode

My Block, My Hood, My City is a non-profit that embodies the true spirit of community leadership. For the past 10 years its founder and CEO Jahmal Cole has been helping to break down barriers for young people from under-resourced Chicago neighbourhoods and invest in quality youth programming and educational attainment. In this episode Cole chats to FIA President and CEO Walt Lukken about his time working in the trading industry and how our industry can partner with the organization.

In this episode

Walt Lukken sat down with NYSE Group President Lynn Martin to discuss her role, the state of capital markets and market structure, the migration and rollout of the NYSE Pillar technology platform, modernization with a focus on human interaction, her STEM background and more.

In this episode

Ugo Bassi, Director of Financial Markets at FISMA, European Commission, sat down with FIA President and CEO Walt Lukken at our Asia Derivatives Conference in November to discuss the progress of the EU’s Capital Markets Union, including digital assets regulation, third-country CCP recognition and equivalence, and other key work that could have an impact on the Asia-Pacific region.

In this episode

Intercontinental Exchange's Jeff Sprecher sat down with FIA's Walt Lukken at our Expo conference in Chicago to discuss data, technology, and the role of ICE in exchange traded derivatives markets.

In this episode

Terry Duffy, Chairman and Chief Executive Officer of CME Group, sat down with FIA's Walt Lukken at our Expo conference in October to discuss his outlook for the global economy and commodity markets, as well as CME's plans for the future.

In this episode

Mark Spanbroek has retired after three decades of service to global derivatives markets, including helping to establish the FIA European Principal Traders Association in 2011. At FIA’s IDX conference in June, Mark sat down with veteran journalist Jeremy Grant to discuss his achievements and his perspectives on how derivatives markets have evolved over his impressive career.

In this episode

FIA President and CEO Walt Lukken discusses the history and the legacy of the Commodity Futures Modernization Act of 2000, the importance of principles-based regulation, and the regulatory building blocks of the exchange-traded derivatives industry with David Greely of SmarterMarkets.

In this episode

Amy Lukken, Chief Joyologist for Tito's Handmade Vodka, talks about her philosophy altruism with her first cousin Walt Lukken, President and CEO of FIA. They discuss the importance of focusing on people over profits in the workplace, their childhood memories together, and much more.

In this episode

Tom Callahan, CEO of Nasdaq Private Market, discusses how NPM is bringing private companies, banks, brokers, and investors together to transact in one connected marketplace for private stock. He also talks with FIA President and CEO Walt Lukken about their days together at NYSE Euronext.

In this episode

This podcast, and the two that accompany it, features members of the 2023 class of the FIA Hall of Fame. In this podcast, we feature conversations with John O'Brien Sr.,  James Oliff, Caroline Silver and Rosalyn Wilton.   

In this episode

This podcast, and the two that accompany it, features members of the 2023 class of the FIA Hall of Fame. In this podcast, we feature conversations with Dan Driscoll, Scott Early and Gedon Hertshten. 

In this episode

This podcast, and the two that accompany it, features members of the 2023 class of the FIA hall of fame. In this podcast, we feature conversations with Thomas Cashman, John Davidson  and Gary DeWaal.

In this episode

CFTC Chairman Rostin Behnam sat down with FIA President and CEO Walt Lukken to discuss his priorities for the agency and thoughts on issues including cyber risk and crypto regulation. Their conversation came after Behnam’s prepared remarks at FIA’s Boca conference on 15 March.

In this episode

Loh Boon Chye, CEO of Singapore Exchange, sat down with FIA President and CEO Walt Lukken to discuss the outlook for Asia-Pacific derivatives markets generally, as well as specific plans that SGX has to capitalize on opportunities in the region.

In this episode

CFTC Chairman Rostin Behnam sat down with FIA President and CEO Walt Lukken to kick off FIA's Expo conference in Chicago on November 14. And with FTX fresh in everyone's mind, the chairman took some time to discuss his perspectives and offer his views on how regulatory landscape in Washington might change.

In this episode

Verena Ross was appointed chair of the European Securities and Markets Authority in November, after serving 10 years as ESMA’s executive director. Ross sat down with FIA's President and CEO Walt Lukken to discuss the European regulator's outlook on commodity markets, sustainable finance and digital assets.

In this episode

Summer Mersinger, who was sworn into office as a Commissioner of the US Commodity Futures Trading Commission at the end of March, sat down with FIA President and CEO Walt Lukken as part of an FIA event in Chicago. They discussed recent developments in derivatives markets as well as the agency's priorities right now, including digital assets, event-related contracts, and the CFTC's recent Request for Information on climate-related financial risks.

In this episode

In this episode, Gwyneth Nurse, Director General, Financial Services at HM Treasury, recently sat down with FIA President and CEO Walt Lukken at our IDX conference in London to discuss current and developing regulatory approaches for the UK’s wholesale financial markets.

In this episode

In this episode, Walt Lukken, President and CEO talks with former FIA Chairman Jerome Kemp about the movement towards real-time settlement in the derivatives industry.

In this episode

In this episode, Dr. Mara Antonoff, Associate Professor of Thoracic and Cardiovascular Surgery at MD Anderson Cancer Center, talks to FIA Board Member Jamila Piracci about her practical approach to inclusive recruitment that can be put into practice regardless of industry or sector.

In this episode

In this episode, FIA honors the careers of four distinguished individuals from the cleared derivatives industry who were recently inducted into its Hall of Fame – Ken Raisler, a longtime Sullivan & Cromwell partner and derivatives law expert; Steve Sparke, an industry veteran who served at UBS and Marex; Steve Staszak, former director of clearing operations at CME; and Hiromi Yamaji, who helped to develop the derivatives operations at the Japan Exchange Group. (Hosted by FIA President and CEO Walt Lukken)

In this episode

In this episode, FIA honors the careers of three distinguished individuals from the cleared derivatives industry who were recently inducted into its Hall of Fame – Chuck Hohman, the "banker of the futures industry" at BMO Harris; Blythe Masters, an accomplished industry executive who played a key role the birth of credit derivatives; and Joanne Medero, who worked in financial services public policy for more than 30 years. (Hosted by FIA President and CEO Walt Lukken)

In this episode

In this episode, FIA honors the careers of three distinguished individuals from the cleared derivatives industry who were recently inducted into its Hall of Fame – former CFTC Commissioner Sharon Bowen; Ronald Filler, director of the Financial Services Law Institute at New York Law School; and Arthur Hahn,  longtime global co-chair of the Financial Services practice at Katten Muchin Rosenman. (Hosted by FIA President and CEO Walt Lukken)

In this episode

A recent survey of derivatives market participants showed key trends in crypto-related innovations, the global clearing ecosystem, cloud computing, and operational risks, among other areas.

Stephen Bruel, who heads the Derivatives and FX practice on the Market Structure and Technology team at Coalition Greenwich, shares key data points from the firm's recent survey and what the data may mean for the future of the global derivatives industry. (Hosted by Will Acworth).

 

In this episode

Derivatives markets have long been warned the cessation of certain LIBOR panels after December 31, 2021. And thankfully, that date has come and gone without incident. Steve Hamilton, ICE's global head of financial derivatives, talks with FIA about the hard work of preparing for this moment and prospects for future liquidity in risk-free rates including SONIA.

 

In this episode 

In this episode, FIA President and CEO Walt Lukken talks with crypto exchange CEO Sam Bankman-Fried in a wide-ranging conversation about the crypto market and its future. Sam founded FTX in 2019 and has seen explosive growth as the crypto markets have grown exponentially over the past few years. This interview took place on November 4, 2021, as part of FIA’s Expo conference in Chicago.

 

In this episode 

In this episode, FIA’s Will Acworth talks with Linda Coffman, the CEO of the SmartStream Reference Data Utility. Linda shares her insights on how technology and regulation are changing the data landscape, focusing in particular on reference data – the type of data that is used to classify futures and options as they move through the trading and clearing process. Reference data may not get talked about too much, but it's hugely important for everyone in the derivatives industry, and it's going to become even more important as more automation takes hold of the trading process.

 

In this episode 

In this episode, FIA President and CEO Walt Lukken talks with Greenwood Project founders Elois and Bevon Joseph, two impressive individuals who both worked on the floors of exchanges and now dedicate their lives to helping black and Latinx students get trained and placed for internships at financial companies in Chicago, New York, London, and beyond. To date, their organization has placed 470 interns in 36 companies. Some of these interns go on to full time jobs in financial services companies. These internships are a wonderful way to introduce students to our markets and to develop a pipeline of talent for our industry. This effort is special to FIA. At our annual Boca conference this year, Walt announced a new partnership to facilitate summer internships with our member companies.

 

In this episode 

In this episode,  we feature one of the most distinguished individuals in the futures industry, Leo Melamed. Leo is a giant in this industry having served as Chairman of the CME during a time when the Merc moved from an agriculture-based futures exchange to the global powerhouse it is today.  Leo’s story is one for the ages. He escaped Jewish persecution in Nazi occupied Poland during World War II on a journey that led him across Russia, through Japan and ultimately to the United States, where he settled in Chicago. He began his work in the futures industry as a runner on the floor and rose to heights of the financial industry including becoming CME’s chairman and an advisor to US presidents and foreign leaders. Leo is the author of several books, and he has published his second autobiography called Man of the Futures: the story of Leo Melamed & the birth of modern finance.

 

In this episode

In this episode, FIA President and CEO Walt Lukken talks with three distinguished economists to discuss the economics of rulemaking and current issues before the SEC and CFTC. Jeffrey H. Harris served as Chief Economist and Director of the Division of Economic and Risk Analysis at the SEC (2017-18) and was the Chief Economist at the CFTC (2007-2010). Prior to joining Delta Strategy Group as a partner in 2013, Jim Overdahl worked as Chief Economist for the SEC (2007-2010) and as Chief Economist for the CFTC (2002-2007). Erik R. Sirri served as the Director of the Division of Trading and Markets at the SEC (2006-2009) and was the Commission’s Chief Economist from 1996-1999. This podcast covers topics such as retail trading phenomenon, crypto assets, the role of ESG products and pricing carbon, and the state of market structure in equities and futures.

 

In this episode

In this podcast, this is the third installment of our Hall of Fame series, where we feature two of our eight 2021 inductees. These distinguished individuals were honored at our annual Boca conference and we thank them for their contributions to our industry.

This podcast features industry veteran Doug Harris and former president of CME Group Bryan Durkin.

 

In this episode

In this podcast, this is the second installment of our Hall of Fame series, where we feature three of our eight 2021 inductees. These distinguished individuals were honored at our annual Boca conference and we thank them for their contributions to our industry.

This podcast features Gay Huey Evans, Chairman of the Board of the London Metals Exchange; longtime Citi clearing executive Jerome Kemp and derivatives and technology industry executive Jeffrey Geldermann.

 

In this episode

This podcast and the two that follow are interviews with the inductees to the FIA Futures Hall of Fame for 2021. FIA honors significant people in our industry with a hall of fame induction at our annual Boca conference. FIA established the Hall of Fame in 2005 to commemorate our 50th anniversary and to celebrate the many people who contributed their time, talent, and passion to building our industry.  Inductees are chosen by a distinguished panel of global industry executives based on their significant lifetime contributions to our industry and the financial markets.

All Hall of Fame members come from various backgrounds, experiences, and regions but one thing that unites them is their passionate determination to build strong, healthy, safe, and competitive markets. For this, we owe all of them our gratitude.

In this podcast, we are featuring former Commodity Futures Trading Commission Chairs Brooksley Born and Jim Newsome and former Hong Kong Exchange CEO Charlies Li.

 

In this episode

In this episode, FIA President and CEO Walt Lukken talks to derivatives legend Larry Thompson about his long career at DTCC, Robinhood app issues and his advice for people just starting out in the industry.  Larry recently retired from being General Counsel of the Depository Trust and Clearing Corporation, where he spent nearly 40 years but he’s not sitting still by any means. Larry remains actively involved in several corporate and fintech boards as well as charitable efforts. 

 

In this episode

In this episode, Russ Behnam of the Commodity Futures Trading Commission talks with FIA President and CEO Walt Lukken about the CFTC agenda and the commissioner’s groundbreaking work on the risks to financial markets posed by climate change. Commissioner Behnam has been at the commission since June 2017 and as sponsor of the Market Risk Advisory Committee has published a new report entitled Managing Climate Risk in the U.S. Financial System that makes 53 recommendations to mitigate the risks to financial markets posed by climate change. FIA recently published a policy paper in consultation with its members across the cleared derivatives industry on climate-related risks for financial markets and the global economy. Additionally, Lukken penned a Viewpoint piece arguing that markets need to be a part of the climate change solution.

 

In this episode

10 years of Dodd-Frank.  On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act.  The Act for the first-time regulated swaps in much the same manner as the futures industry has been regulated for decades.  In this episode, two major players of the Act are featured, CFTC Commissioners Dawn Stump and Dan Berkovitz.  Commissioner Stump was the lead staff member for the Republican side of the Senate Agriculture Committee, where the derivatives title originated. Commissioner Berkovitz was the General Counsel at the CFTC during the deliberations of the Act and the subsequent implementation by the agency. Both are now CFTC Commissioners whose job, in part, is tasked with the ongoing implementation of this historic law.  Commissioners Stump and Berkovitz share their recollections and opinions about this landmark law in an interview with FIA President and CEO Walt Lukken. The photo that accompanies this podcast was taken by now-Commissioner Berkovitz at the end of the Conference Committee that ironed out differences between the House and Senate versions. 

 

In this episode

This episode features a discussion about FinTech with Innovate Finance CEO Charlotte Crosswell. Ms. Crosswell talks with FIA President and CEO Walt Lukken about Innovate Finance, how the COVID-19 pandemic is impacting FinTech, the state of the FinTech industry, the role of government partnerships or “sandboxes” and bringing greater diversity to the financial services industry.  Ms. Before joining Innovate Finance, Ms. Crosswell spent most of her career in finance and market infrastructure roles, running an exchange for NASDAQ, serving on the London Clearing House Board, running international business development for the London Stock Exchange and beginning her career with Goldman Sachs. 

 

In this episode

Episode 11 features Commodity Futures Trading Commission Chairman Heath Tarbert in a wide-ranging conversation with FIA President and CEO Walt Lukken.  Chairman Tarbert discusses the CFTC’s response to the unprecedented events surrounding the Covid-19 pandemic that includes agency staff remotely working and industry relief and accommodation due to office and trading floor shutdowns.  Chairman Tarbert also talked about the agency’s agenda, EMIR 2.2 and cross border negotiations with European regulators and others and negative pricing of commodities.

 

In this episode

In this episode, International Organization of Securities Commissions (IOSCO) Secretary General Paul Andrews talks with FIA President and CEO Walt Lukken about the organization’s mission and challenges in response to the Covid-19 pandemic and coordinating regulators around the world. Mr. Andrews has been with IOSCO since 2016, and since its founding in 1983 IOSCO’s membership regulates more than 95% of the world's securities markets in more than 115 jurisdictions.

 

In this episode

In this episode, FIA President and CEO Walt Lukken talks with SGX CEO Loh Boon Chye about growth at SGX, Singapore’s role in the global financial market and regional trends such as the entrance of China into the global derivatives market. Mr. Loh has been CEO since 2015 and has a financial career that spans more than 25 years. He began his career as an investment officer with the Monetary Authority of Singapore and held several positions at various financial institutions. He holds an engineering degree from National University of Singapore.

 

In this episode

In this episode of FIA Speaks, FIA President and CEO Walt Lukken interviews a long-term FIA staff member and entrepreneur Mary Ann Burns.  Mary Ann worked at FIA for 23 years helping build it from a small operation to a global presence and rising to COO of the organization.  She left FIA to start a craft brewery called Old Ox Brewery with her son and husband in Northern Virginia.  Walt and Mary Ann talk about getting started in the futures industry, building FIA, and what it’s like to start a small business with family and build it into a regional presence. 
 

 

In this episode

In this episode of FIA Speaks, FIA President and CEO Walt Lukken interviews futures industry fixture and R.J. O’Brien Chairman and CEO Gerry Corcoran and his son, Pat Corcoran, business manager for Chance the Rapper, on their respective paths to success in business. Gerry Corcoran is a successful executive of one of the largest futures trading firms in Chicago. Pat Corcoran is the business manager for Chance the Rapper, who has been credited with reimagining the music industry. This podcast, recorded before a live audience at FIA’s Expo 2019, features a lively discussion on the health of the futures industry, the difficulty of making it in the music industry, their respective views on entrepreneurship, family dynamics of career choices and what Chicago, the birthplace of the futures industry, has to offer to many different businesses.

 

In this episode

CME Group's Terry Duffy talks to FIA President and CEO Walt Lukken about how he got to the top spot at the CME Group, growth prospects for CME Group and the industry and the role reputation plays in the marketplace.

 

In this episode

ESMA Chair Steven Maijoor talks with FIA President and CEO Walt Lukken about setting up ESMA, European derivatives regulation, ESA review and EMIR 2.2 among other topics in this wide-ranging interview. Mr. Maijoor is currently the Chair of ESMA since its inception in 2011, and before that he was a managing director the Dutch financial regulatory body, AFM, and the Dean of the School of Business and Economics at Maastricht University.

 

In this episode

In this episode, FIA President and CEO Walt Lukken talks with former Member of the European Parliament Dr. Kay Swinburne. With the recent elections in Europe and the ongoing Brexit drama in the U.K., Dr Swinburne provides a direct view in to the inner workings and can help us understand what it all means. Dr. Swinburne is originally from Wales, earned science degrees and a PhD in medical research and an MBA. She started her career in international healthcare and investment banking having worked at Deutsche Bank. Active in Welsh politics, she has been a member of the European Parliament since 2009. This episode was recorded at FIA’s flagship International Derivatives Expo Conference in London.

 

In this episode

Osaka Exchange President and CEO Hiromi Yamaji sits down with FIA President and CEO Walt Lukken to discuss the view from Asia, the Osaka and JPX exchanges, the merger with Tokyo Commodity Exchange and the emergence of China as a market player.

 

In this episode

The "father of financial futures" and Futures Hall of Fame member Richard "Doc" Sandor talks about a lifetime in the futures industry, how markets can address climate change and the rise of China with FIA President and CEO Walt Lukken.

 

In this episode

Chairman Chris Giancarlo talks with FIA President and CEO Walt Lukken and reflects on his accomplishments in five years in Washington, and what the future holds for the CFTC, derivatives reform, and international cooperation.

For more information, contact us at fiapr@fia.org