On Wednesday, September 23, the Georgetown Psaros Center for Financial Markets and Policy will host global experts and financial leaders at the annual Financial Markets Quality (FMQ) Conference on the Georgetown University campus.
This year’s conference theme is: Innovation and Integrity in Financial Markets. Policymakers, industry professionals, and scholars convened to discuss today’s pressing financial issues. From regulatory trends to technological advancements, FMQ 2026 offers unparalleled opportunities to network, collaborate, and gain actionable knowledge as panels focus on prediction markets, tokenization, market structure, and the broader financial ecosystem.
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Agenda
Wednesday, September 23, 2026
8:00 - 8:50
Registration, Breakfast, and Networking
8:50 - 9:00
Opening Remarks and Welcome Remarks
Reena Aggarwal, Director, Georgetown Psaros Center for Financial Markets and Policy and Robert E. McDonough Professor of Finance
Michael Psaros (B’89, P’21), Board Member, PCFMP and Co-founder and Managing Partner, KPS Capital Partners
9:00 - 9:45
Panel - Prediction Markets and the New Economics of Information
Amanda Fischer, Policy Director and Chief Operating Officer, Better Markets
Rostin Behnam (C'00), PCFMP Distinguished Fellow, Global Head of Policy and Corporate Affairs, Bloomberg
Brian Quintenz (MBA'09), Board Member, Kalshi
9:45 - 10:15
A conversation with Terry Duffy
Terry Duffy, Chairman and Chief Executive Officer, CME Group
Moderated by Patrick McHenry, Distinguished Fellow, PCFMP, Former Chairman, House Financial Services Committee
10:15 - 10:45
Panel - Global Coordination in Financial Markets
Mark Uyeda (B'92), Commissioner and Former Acting Chairman, U.S. SEC
John-Paul Servais, Chair of the IOSCO Board and Chair of the European Regional Committee (ERC)
Moderated by Nandini Sukumar, CEO, World Federation of Exchanges
10:45 -11:00
Break
11:00 - 11:25
Keynote
TBA
11:25 - 11:50
A conversation on Digital Assets
Patrick Witt, Executive Director, President’s Council of Advisors for Digital Assets
11:50 - 12:30
Panel - The Growth and Evolution of Private Markets
David Chubak, Principal, Head of Wealth Management & Field Management, Edward Jones
Ken Kencel, CEO, Nuveen Churchill Asset Management
Alpa Patel, Partner, Kirkland & Ellis
Patricia Luscombe, Managing Director & Global Co-Head of Valuations & Opinions, Lincoln International
Moderated by Romaine Bostick, Bloomberg
12:30 - 1:30
Lunch
1:30 -1:50
Keynote
Senator Bill Hagerty
1:50 - 2:10
Keynote - A conversation with Billy Hult, Tradeweb CEO
Billy Hult, CEO, Tradeweb
Moderated by Stacey Cunningham, Former President, NYSE Group and Board Member, PCFMP
2:10 - 2:30
Keynote - A conversation with Kevin Hassett
Kevin Hasset, Director, National Economic Council
Moderated by Michael Piwowar, Executive Director, PCFMP
2:30 - 3:15
Panel - Market Infrastructure in the Age of Technological Innovation
Hope Jarkowski, Chief Legal Officer, Broadridge
Liam Smith, Chief Strategy Officer, Optiver
Andrew Kroculick (MBA'17), Chief Operating Officer, Nasdaq Private Market
3:15 - 3:30
Break
3:30 - 4:00
Keynote
TBA
4:00 - 4:45
Panel – Tokenized Finance: Innovation, Liquidity, and Market Integrity
Frank La Salla, President, Chief Executive Officer, and Director; Depository Trust & Clearing Corporation
Samara Cohen, Global Head of Market Development, BlackRock
Tom Farley (C'92), CEO, Bullish
Adrienne Harris, Senior Advisor and Board Member, PCFMP
Terrence A. Duffy serves as Chairman and Chief Executive Officer of CME Group, the world’s leading derivatives marketplace.
Duffy has led the company for more than two decades, since being named Chairman of the Board in 2002. He oversaw the company’s initial public offering at that time and became Executive Chairman in 2006. He spearheaded the historic merger of the Chicago Board of Trade and the Chicago Mercantile Exchange in 2007 before overseeing the acquisition of the New York Mercantile Exchange in 2008.
Duffy was named Chairman and Chief Executive Officer in November 2016. In 2018, he led the acquisition of NEX, streamlining trading across futures, options, cash and OTC markets. His landmark 2021 partnership with Google Cloud is bringing expanded access, new products and greater efficiencies to derivatives markets through cloud technology. His groundbreaking 2025 partnership with FanDuel also expands the reach of CME Group benchmark products to a new audience of millions of potential U.S. traders.
Duffy has been a CME member since 1981 and a Board member since 1995. He served as Vice Chairman of the Board from 1998 - 2002.
Duffy is a leading voice in the financial industry, regularly testifying before Congress on key issues facing derivatives markets and CME Group clients. He has been named FOW’s International CEO of the Year, one of TabbFORUM’s 40 Innovators in Financial Markets, a member of the Futures Industry Association's Hall of Fame and included in Crain’s Who’s Who in Chicago Business. Under his leadership, CME Group has received a wide range of industry awards recognizing the company, clearing house, technology and overall product innovation.
Duffy was appointed by President Bush and confirmed by the U.S. Senate in 2003 to join the Federal Retirement Thrift Investment Board (FRTIB), a position he held until 2013.
He serves as Co-Chair of the Mayo Clinic Greater Chicago Leadership Council and is a Board member of the CME Group Foundation.
He attended the University of Wisconsin-Whitewater and received a Doctor of Public Service, honoris causa, from Saint Xavier University and a Doctor of Humane Letters from DePaul University.
He became CEO in 2023 and previously served as the company’s president since 2008.
Hult has played a pivotal role in Tradeweb’s evolution as a leading global operator of electronic marketplaces for rates, credit, equities and money markets. He has led the development of numerous innovations connecting liquidity providers and investors across retail, wholesale and institutional markets.
Dr. Hassett serves as the 15th Director of the National Economic Council, playing a central role in advancing President Trump’s economic agenda, and coordinating domestic and international economic policy across the federal government. Prior to this appointment, he was the Brent R. Nicklas Distinguished Fellow in Economics at Stanford University’s Hoover Institution and Managing Director at the Milken Institute. He also served as the 29th Chairman of the Council of Economic Advisers (2017-2019) and returned to the White House in 2020 to serve as Senior Advisor to the President of the United States.
Earlier in his career, he was Director of Research for Domestic Policy at the American Enterprise Institute, taught at Columbia Business School and the NYU School of Law, and was a Senior Economist at the Board of Governors of the Federal Reserve. He also served as a Senior Economic Adviser on campaigns for John McCain, George W. Bush, and Mitt Romney.
He holds a PhD in economics from the University of Pennsylvania and a BA in economics from Swarthmore College.
Frank joined DTCC in June 2022 following a 28-year career at BNY, where he held several senior-level positions, including most recently as CEO of its Issuer Services business and a member of the BNY Executive Committee, the senior-most leadership committee at the firm. Earlier in his tenure, he served as CEO of BNY’s Alternative Investment Services and Structured Products business and was a member of the Executive Committee of Pershing LLC, where he was Co-Head of Global Client Relationships and Head of Trading Services. Frank also served as President and Chief Operating Officer of BNY Clearing Services LLC.
Liam Smith started his career in the derivatives industry over 16 years ago with CME Group. Today he serves as the Chief Strategy Officer for Optiver, a leading global market making and CME self-clearing firm, overseeing the strategic direction of the firm in the US & UK. In this role, he has a mandate to lead market structure initiatives, business development, regulatory affairs, external partnerships, clearing, strategic investments, and execution services for US markets. Additionally, he is the chair of Optiver’s political action committee (PAC) and has co-authored a number of influential white papers on market structure issues across futures and securities markets.
Rostin Behnam served as the chairman of the U.S. Commodity Futures Trading Commission after serving as both acting chairman and a commissioner from 2017 through 2025.
As chairman of the agency, Commissioner Behnam focused on transitioning the CFTC from the rule-writing era that dominated the implementation of the Dodd-Frank Act to an agency that moves in lockstep within its mandate to address the issues presented by the rapidly evolving derivatives markets. With technology as a predominant driver of change, he has worked to implement rules and dedicate resources to enhance risk management and resilience, strengthen customer protections, promote efficiency and innovation, improve reporting and data policy, and promote international comity.
Cohen is a member of the firm’s Global Executive
Committee. She works with stakeholders across the capital markets ecosystem, including
investors, academics, market makers, trading venues, and service providers. In
partnership with Global Corporate Affairs, Global Product Solutions, BlackRock Global
Markets & Index Investments, and Digital Assets, she is focused on advancing market
structure priorities on behalf of investors.
Previously, Farley served as CEO, president, and chair of Far Peak Acquisition Corporation and Far Point Acquisition Corporation. He also serves as chair of Global Blue Group Holding AG (NYSE: GB). Farley brings many years of executive leadership in the finance industry, including serving as president of the NYSE Group of Intercontinental Exchange Inc., or ICE, from 2014 to 2018. Farley led all operations for the NYSE and managed a diverse range of equity and equity options exchanges, comprising the largest equities listing and securities trading venue in the world. In this role, Farley spearheaded the NYSE through a significant strategic and operational transition, revitalizing an iconic business and brand.
Hope Jarkowski
General Counsel, New York Stock Exchange
Hope Jarkowski joined Broadridge as Chief Legal Officer in May 2024. She oversees the company’s legal, compliance, regulatory, and government affairs functions and serves as the primary legal advisor to senior management and the Board of Directors. Hope is an established leader with strong expertise in securities regulation, corporate governance, and regulatory affairs. Prior to joining Broadridge, she served as General Counsel at the New York Stock Exchange, where she provided legal counsel and regulatory strategy advice across the NYSE’s business segments. She also served as Head of Equities for the NYSE and as co-head of Regulatory Affairs for NYSE’s parent, Intercontinental Exchange, Inc. Hope has held leadership roles at the U.S. Securities and Exchange Commission and the U.S. Senate Banking Committee, and prior to her government service, she practiced securities law at both a Fortune 100 law firm and FINRA.
Founding Director and Robert E. McDonough Professor of Finance
Reena Aggarwal is a globally renowned expert in the field of finance, with a focus on global financial markets; market regulation; short term funding markets; IPOs; capital raising; ETFs; corporate governance; role of institutional investors; and
digital assets. Dr. Aggarwal has had tremendous
impact at the intersection of financial markets and policy both through her research and also by leading the Georgetown Psaros Center for Financial Markets and Policy. She has won numerous awards both for her teaching and research.
Michael S. Piwowar is the executive director of the Psaros Center. He was formerly the executive vice president of Milken Institute Finance. He was nominated by President Obama and unanimously confirmed by the Senate to serve as a commissioner for the U.S. Securities and Exchange Commission from 2013 to 2018. Piwowar was designated acting chairman of the Commission by President Trump.
Stacey Cunningham has more than 25 years of experience at leading financial markets institutions including the New York Stock Exchange, Intercontinental Exchange, Bank of America, and Nasdaq. As president of the New York Stock Exchange, Cunningham oversaw the world's largest exchange, home to 2300 of the world's most influential and most innovative companies, and was a member of the Intercontinental Exchange executive management team.
Tim Seymour is the founder and Chief Investment Officer of Seymour Asset Management (SAM). SAM provides both asset management and wealth management services for its clients. Seymour is Sub-Advisor, Portfolio Manager of the Amplify International Enhanced Dividend ETF ticker: IDVO, Seymour is also a Sub-Advisor/Portfolio Manager of the Amplify Seymour Cannabis ETF ticker: $CNBS.
Chief Economics Correspondent, The Wall Street Journal
Nick Timiraos is chief economics correspondent for The Wall Street Journal and is based in Washington. He is responsible for covering the Federal Reserve and other major developments in U.S. economic policy.
Congressman (R-NC) and Chair, U.S. House Financial Services Committee
Patrick McHenry served 10 terms in the U.S. House of Representatives as the congressman for North Carolina’s 10th Congressional District. McHenry was a member of the House Financial Services Committee, including serving as its lead Republican member and chairman from 2018 to 2024. McHenry drove a robust legislative agenda focused on cryptocurrency, capital formation, artificial intelligence, fintech, data privacy, and corporate governance issues, among other topics.
Chief Executive Officer, World Federation of Exchanges
Nandini Sukumar is the chief executive officer of the World Federation of Exchanges, the global association for exchanges and CCPs. The WFE represents more than 250 exchanges and clearing houses globally, educating stakeholders on the vital role played by market infrastructures in the real economy and as a standard setter, finding the consensus on issues among the global membership.
Watch
the highlights from 2025
watch the session
Keynote Address
A Conversation with David Solomon, Chair and CEO, Goldman Sachs
watch the session
Panel Discussion
A discussion on innovating through cryptocurrency
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Keynote Address
A Conversation with Michelle Bowman, Vice Chair for Supervision, Federal Reserve Board
watch the session
Keynote Address
A Conversation with Psaros Distinguished Fellows Rostin Behnam (C'00) and Patrick McHenry
watch the session
Panel Discussion
A discussion on evolving markets and technology
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Panel Discussion
A discussion on artificial intelligence and finance
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Keynote Address
A Conversation with David Schwimmer, Chief Executive Officer, LSEG
watch the session
Keynote Address
A Conversation with Psaros Distinguished Fellow Lael Brainard
watch the session
Keynote Address
A Conversation with Paul Atkins, Chairman, U.S. Securities and Exchange Commission
