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Summary
Join our Derivatives and Dividends Experts in discussing "Derivatives Market Trends and Tools for Managing Volatility and Valuation Risk." Together, we will explore:
- Recent market movements and trends to watch in 2025
- Popular derivative instruments and strategies
- Tools for navigating complex markets
As we move into 2025, global markets face uncertainties, challenges, and geopolitical tensions. We are yet to see how US policies under the Trump administration will impact global markets. Additionally, EMEA and APAC face their share of political and economic challenges, which will impact central bank policy, with inflation continuing to be a major focus. Among the topics we will touch on are growth in equities, with the S&P 500 index posting gains of 27% in 2024 and continued growth and volatility expected in 2025, as well as the dividend forecasting landscape. Dividends are an important source of returns for equity investors, and they are projected to reach $2.3 trillion in 2025.
The latest data from the Bank for International Settlements (BIS) and our trade data services show that over-the-counter (OTC) derivatives in FX, equity, and commodity derivatives grew year-over-year in terms of notionals, with rates notionals remaining relatively flat year-over-year. We will delve further into which derivatives have gained popularity with investors, such as meeting day swaps, FX turns, jump curves, as well as lookback options, autocallables, and cliquets. Managing risks across all asset classes has always been key, with innovative approaches at S&P Global Market Intelligence like confidence and probability scoring for timing and loss risk, valuation uncertainty risk, and improved implied correlation data.
With the demand for derivatives increasing, regulatory requirements move in tandem. There is a clear need for data and valuation transparency. To tackle this, the last section of the webinar will showcase the tools we have available to help market participants navigate the uncharted waters of 2025 with increased transparency, customization, and on-demand pricing.
Moderator
S&P Global Market Intelligence
Cristina Grigore
Executive Director, Derivatives Data and Valuations Business Development
Based in London, Cristina is part of the Pricing & Valuation Business Development team, leading our OTC derivatives valuations and collateral suite of solutions. Prior to this role, she led the EMEA Portfolio Valuations client service team and has been with the firm since 2012.
With over 20 years of international work experience Cristina started her career in OTC Derivatives valuations with Bear Stearns in New York and subsequently run the OTC derivatives valuations operations team within JP Morgan Securities Services. Cristina is focused on providing customer driven solutions, implemented through both internal as well as external collaborations and has led several initiatives such as the recent Initial Margin solution, which helps firms achieve compliance with Uncleared Margin Rule (UMR).
Cristina holds an MBA with dual concentration in Finance and Marketing from Syracuse University and is originally from Romania, where she graduated with a degree in International Business from the Academy of Economic Studies.
Speakers
S&P Global Market Intelligence
Elena Raimondi
Director, Americas Derivatives Data Business Development
Elena Raimondi, MBA, is a Director at S&P Global Market Intelligence where she is responsible for Americas OTC Derivatives Data Business Development across all market segments helping clients with their data needs for derivatives trading, structuring, risk, hedging, and valuation. In her role, she provides clients with curves and implied volatility data on a broad spectrum of vanilla to complex derivatives across multiple asset classes. Prior to S&P Global, Elena has held positions at DV Trading and Credit Suisse Commodities Derivatives trading desks working in business development, risk management and derivatives execution. Elena completed her MBA degree at the NYU Stern School of Business.
S&P Global Market Intelligence
Vika Tambaeva
S&P Global Market Intelligence
Research Analyst, Equity Data, AMER
Vika Tambaeva is the Dividend Research Analyst in AMER, Equity Data & Analytics at S&P Global Market Intelligence
Vika is responsible for dividend forecasting analysis in the American region with a focus on the United States and Canada. She leads the U.S. research initiatives at the S&P Global Research Team. Her primary coverage is the North American Energy Sector.
Vika holds an MBA degree from the Zicklin School of Business at Baruch College of New York, NY.
S&P Global Market Intelligence
Blake Rasmussen
Director, Head of Product Development in North America for Equity, Structured Products, FX, Commodities in Portfolio Valuations
Blake began his career at Prism Valuation, where he was an integral member of the Quant team. In this role, he focused on building sophisticated pricing models for financial derivatives, managing the price challenge framework, and conducting comprehensive risk analysis and management on data and pricing processes. Blake started his career in New York with IHS Markit as product design and development analyst, developing and enhancing pricing models for financial derivatives in the equities space for Portfolio Valuations. Blake now leads the product team at S&P Global for a diverse range of asset classes, including equity, structured products, FX and commodities. With a strong analytical background and a commitment to innovation, Blake continues to drive advancements in valuation methodologies and risk management practices.
Blake Rasmussen holds a Master of Science in Pure Mathematics, with a specialization in Model Theory. He also holds CQF (Certificate in Quantitative Finance) and FRM (Financial Risk Manager) designations.
S&P Global Market Intelligence
Giuseppe Alessio Caccamo
Senior Lead, Product Analysis and Design Rates Specialist
Prior to joining S&P Global, Giuseppe worked as a quantitative analyst at banco BPM in the model validation team, helping with the validation of EQ, IR and FX pricing models. Within S&P Global he is working in the portfolio valuation team and is mainly focused on IR and bespoke trade types. Among his main responsibilities: enhancing and validating existing models for plain vanilla and exotic derivatives, coordinating client trials, addressing queries and price challenges, scripting with in-house language IR structured product payoff. Giuseppe graduated from the Politecnico of Milan with a bachelor’s in mathematical engineering and master’s degree in quantitative finance.
S&P Global Market Intelligence
Alex Kenny, CFA
Executive Director
Alex Kenny, leads Product Services for derivative valuation and data services for EMEA and APAC at S&P Global Market Intelligence
Alex leads Product Services for Derivatives Data and Valuation Services and is part of the working group for IBOR transition within S&P Global Market Intelligence. He is based in the London office and joined S&P Global Market Intelligence in 2016. With over a decade of experience in the risk and valuation space, he specializes is finding innovative solutions for complex pricing and regulatory problems with a focus on customer experience. He is active participant in S&P Global Market Intelligence led customer forums and working groups.
Prior to joining S&P Global Market Intelligence, Alex worked in numerous client facing OTC valuations teams based in London, Dublin and Toronto. Primarily focused on hedge fund administration, his areas of responsibility included IPV, Valuation policy, risk and regulatory reporting.
Alex holds a first class honours Masters degree in Finance from the Dublin Institute of Technology and is a CFA Chart holder since 2015.
S&P Global Market Intelligence
Michael Stone
Director, North American Product Services Head for OTC Derivatives Data
Prior to joining S&P Global, Michael held leadership positions at Prism Valuation, an independent valuations firm specializing in hard-to-value assets, including roles as Head of Market Data and Head of Process. Following Prism's acquisition by Markit (later IHS Markit) and subsequent merger with S&P Global, Michael has served with the OTC Derivatives Data product as North American Operational Head. In this role, he leads regional client engagements, is accountable for daily production management, and focuses on process design and optimization across equity, rates, FX, and commodity asset classes.
Michael graduated from the University of Toronto with a Bachelor of Science, double majoring in Physics and Mathematics.
Questions?
Please contact us if you need more information or have trouble accessing the webinar.