Leading market participants from the buy- and sell-side across Europe will discuss the evolution of the global inflation market at CME’s second annual European Inflation Summit on Tuesday, 15 May, 2007 at the Clothworkers’ Hall, London. The Summit follows 2006’s successful inaugural event, hosted by CME, the world’s largest and most diverse futures exchange.
The summit will feature Dariush Mifendererski, Managing Director, Head of Inflation Linked Trading, UBS, who will open the event showcasing CME Eurozone HICP futures and how they fit within an inflation trading strategy. Two panel discussions will follow.
The first panel, for inflation structurers and strategists, will be moderated by Mark Capleton, Head of European Rates Research, RBS, and will examine how exchange-listed instruments can be used to structure inflation-linked products. The second panel, which Mifendererski will moderate, will feature participants in the inflation markets who will focus on the tools used by inflation traders and managers to manage inflation risk.
Panelists scheduled to participate include:
- Brice Benaben, Head of Inflation Structuring, Citigroup
- David Dyer, Portfolio Manager, Government & Inflation-Linked, AXA Investment Managers
- Bénédicte Guérin-Cribier, Head of Inflation Structuring, BNP Paribas
- Alan James, Head of Global Inflation-Linked Research, Barclays Capita
- Daragh McDevitt, Global Head of Inflation Structuring, ABN Amro
- Diego Megia, Founder and Investment Manager, Elcano RV Hedge Fund Madrid
- Borut Miklavcic, Head of Inflation Trading, Lehman Brothers
- Stéphane Salas, Global Head of Inflation, Société GénéraleParis
The panels will be followed by a question-and-answer session.
“Interest in inflation-linked derivatives continues to grow and we are seeing steadily-increasing volumes in the CME Eurozone HICP futures contract,” said Robin Ross, Managing Director, CME Interest Rate Products. “The advantages of trading exchange-listed and centrally-cleared inflation futures are becoming more appealing to a wider variety of dealers and investors as new strategies and applications are developed. We see this as a continuing area of growth in the years to come.”
CME launched trading in CME Eurozone HICP futures products in September 2005. The contract currently has four marketmakers in London (Barclays Capital, Lehman Brothers, RBS, Nomura) and one in Paris (Ixis CIB).
The CME Inflation Summit is free and open to all interested participants. It will be held at the Clothworkers’ Hall, Dunster Court, Mincing Lane, London EC3R 7AH, from 5:30 – 8:30 p.m. Additional information and online registration is available at http://www.cme.com/inflationsummit.
For those unable to attend in person, the event will be streamed live at www.cme.com/inflationsummit.
CME interest rate products, which constitute the exchange’s largest product group, enable financial institutions and other customers worldwide to hedge financial risks associated with interest rate moves. CME interest rate futures and options on futures can be used to manage interest rate risks ranging from one day to 10 years. CME trades more short-term interest rate futures and options than any other exchange in the world.
CME (www.cme.com) is the world’s largest and most diverse derivatives exchange. As an international marketplace, CME brings together buyers and sellers on the CME Globex® electronic trading platform and on its trading floors. CME offers futures and options on futures in these product areas: interest rates, stock indexes, foreign exchange, agricultural commodities, energy, and alternative investment products such as weather, real estate and economic derivatives. CME is a wholly-owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE, NASDAQ: CME), which is part of the Russell 1000® Index and the S&P 500® Index.
