Robbert Booij, CEO, Eurex Frankfurt AG
"We welcome the fact that the regulatory agenda is evolving and that the EU wants to reduce bureaucracy and inefficiencies to promote its innovative strength and competitiveness... I strongly believe that collaboration between regulators and industry participants is key here. Only by working together, can we ensure regulatory frameworks are fit for purpose. That means robust yet flexible, allowing innovation to thrive while safeguarding financial market integrity."
Matthew Chamberlain, CEO, London Metal Exchange
"We are in an era of great geopolitical uncertainty. Sanctions, tariffs and conflicts all have the potential to impact growth of trading volume... The changes we are planning to make to the LME’s market structure are designed to make trading more efficient and to increase liquidity for the benefit of all participants. While we cannot prevent the impact of factors like tariffs, we are doing all that we can to ensure our market provides the most efficient venue for price discovery, hedging and trading despite the wider uncertainties our customers face."
Bonnie Y Chan, CEO, Hong Kong Exchanges and Clearing Limited
"Trading behaviour among investors is constantly evolving, particularly amid the growing popularity of new asset classes in the digital era. There is also rising demand for faster and more efficient settlement, as well as markets that are open around the clock. This is an especially exciting time for exchanges, which need to balance the need to meet evolving investor and issuer demands with their roles as reliable, critical financial market infrastructure. At HKEX, we are committed to continuously enhancing our market infrastructure as we anticipate evolving market trends."
Loh Boon Chye, CEO, SGX Group
"We are always bullish first and foremost on Asia, because it is home to not only the economic powerhouses of China, India and Japan, but also thematic stories such as artificial intelligence technologies in Taiwan and what we call the “hidden gems” of ASEAN – a region that’s almost half the size of the US with twice as many people. ASEAN’s potential is huge: collectively, the ten Southeast Asian countries are on course to become the world’s fourth-largest economy."
Terry Duffy, Chairman and CEO, CME Group
"In my more than 40 years in this industry, the need for risk management has never been more important – in every market and every corner of the world. As a result, clients turned to our futures and options markets in all-time record numbers last year. Looking ahead, the risk outlook looks particularly acute in interest rates because inflation remains relatively high. Energy is also a major theme as we see geopolitics affecting demand, supply chains and the differing speed of energy transition in various regions."
Dave Howson, EVP, Global President, Cboe Global Markets
"We saw particularly strong growth in US options trading, which hit record volumes for the fifth straight year in 2024, as both retail and institutional investors tapped into options for hedging and income-generation strategies. In the Asia Pacific region – particularly Korea, Japan, Singapore and Hong Kong – retail investors are demonstrating a strong appetite for equities and options trading in not only their local markets but increasingly in the US as well. We expect this engagement will continue, underscoring the US markets’ enduring global appeal."
Daniel Maguire, Group Head, LSEG Markets and CEO, LCH Group
"Several exciting developments are underway, and three stand out for me. The introduction of SOFR futures clearing through our partnership with FMX marks a significant milestone in enhancing efficiency and competition. Looking ahead – the launch of US Treasury futures on FMX in 2025, combined with portfolio margining via SwapClear, will bring innovation, competition and choice to interest rate risk management in the US. Additionally, we see growing demand for greater capital and operational efficiencies in managing uncleared portfolios."
Jeff Sprecher, Chair and CEO, Intercontinental Exchange
"The new US administration has pledged to increase US energy production, which could change the supply chain dynamics of the world’s energy supply – and, hence, the global risk that will need management. Energy demand growth, particularly in Asia, coupled with power deregulation trends in Japan, increased US energy exports, and the multi-decade non-linear energy transition all point to a growing use of market-based pricing and risk management tools."
