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Summary
Join us for our upcoming webinar on April 17th at 10 AM (EST) / 3 PM (BST) as we explore how the dynamic shifts in market sentiment seen throughout Q1 2025 impacted the securities financing markets.
Financial markets navigated a complex landscape during Q1, as January’s optimism, bolstered by strong US corporate earnings and stable economic indicators faltered in February amid concerns over the realities of US trade policy and disappointing economic data. By March, heightened volatility had triggered a 10% decline in the S&P 500 from its February peak, driven largely by worries surrounding tariff policies and inflation. Global markets outside the U.S. remained more resilient however, as geopolitical tensions and artificial intelligence boosted both government spending and investor confidence across both EMEA and APAC.
News on the upcoming plans from the new U.S. administration single handedly influenced everything from tech stocks to Bitcoin during the quarter, prompting increased levels of engagement in the securities finance markets as investors sought to capitalize on market movements. Throughout the quarter, fixed income borrowing remained robust as economic data remained unpredictable, and ETF lending thrived, as investors adapted their tactics to align with evolving investment strategies.
To deepen our analysis of both the Q1 and future of securities financing activity, we are excited to welcome Jan Trueuren, Senior Director Product at Cboe, who will share his insights into the future of central clearing for securities financing activities in EMEA. Jan, as the business owner of the Securities Financing Transaction Clearing initiative, will offer his unique perspective on the opportunities this shift may present for all market participants.
Speakers
S&P Global Market Intelligence
Matt Chessum
S&P Global Market Intelligence
Executive Director, Equities and Analytics Products
Matt Chessum is an executive director within the Equity Analytic products team at S&P Global Market Intelligence and is responsible for the EMEA and US Product Specialist teams, market commentary, thought leadership and media relations. Previously, Matt was an Investment Director at aberdeen asset management where his main responsibilities included overseeing the securities lending activity and the management of GBP denominated Money Market mandates.
Matt is a former member of the Bank of England's securities lending committee and a former board member of the International Securities Lending Association (ISLA).
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Cboe Clear
Jan Trueuren
Cboe Clear
Senior Product Manager
Jan Treuren has over 29 years' experience in the custody, clearing and in the settlement industry. He started his career at ING Bank Securities Services within the Paying Agency and Custody department , followed by a 12 year career at Deutsche Bank Amsterdam, where he had various management roles in client services, sales, operations, product management and his last function as Country Head of Direct Securities Services for Netherlands, Belgium, France, Portugal and Dubai. Jan then moved to EMCF where he was responsible for Business Development and Strategy, and following the combination with EuroCCP became Head of Product & Change Management. In 2021, Jan became Head of Operations at Cboe Clear Europe NV (formerly known as EuroCCP), where he was responsible for settlements, derivatives, collateral, corporate actions and change management. In 2023, Jan became Business Owner of the Securities Financing Transaction clearing initiative as Senior Director Product.
Questions?
Please contact us if you need more information or have trouble accessing the webinar.