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
8:45 - 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
Rostin Behnam (C'00), PCFMP Distinguished Fellow, Global Head of Policy and Corporate Affairs, Bloomberg
Amanda Fischer (MPP'08), Policy Director and Chief Operating Officer, Better Markets
Brian Quintenz (MBA'09), Board Member, Kalshi
9:45 - 10:15
A Conversation with Terry Duffy, Chairman and Chief Executive Officer, CME Group
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
John-Paul Servais, Chair of the IOSCO Board and Chair of the European Regional Committee (ERC)
Mark Uyeda (B'92), Commissioner and Former Acting Chairman, US Securities and Exchange Commission & Vice-Chair of the IOSCO Board
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
Tyler Williams, Senior Advisor, Hogan Lovells Cadwalader & Former Counselor to the Secretary of the Treasury for Digital Assets
Moderated by Eleanor Terrett, Co-founder and Host, Crypto in America
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 (B'81), CEO, Churchill Asset Management, an affiliate of Nuveen
Patricia Luscombe, Managing Director & Global Co-Head of Valuations & Opinions, Lincoln International
Alpa Patel, Partner, Kirkland & Ellis
Moderated by Romaine Bostick, Bloomberg
12:30 - 1:30
Lunch
1:30 -1:50
A Conversation with Senator Bill Hagerty
Bill Hagerty, US Senator, Tennessee
1:50 - 2:10
Keynote - A conversation with Billy Hult, CEO, Tradeweb
Billy Hult, CEO, Tradeweb
Moderated by Stacey Cunningham, Former President, NYSE Group and Board Member, PCFMP
2:10 - 2:30
Keynote - A Conversation with NEC Director Kevin Hassett
Kevin Hassett, Director, National Economic Council
Moderated by Michael Piwowar (MBA'94), Executive Director, PCFMP
2:30 - 3:00
Panel - Market Infrastructure in the Age of Technological Innovation
Hope Jarkowski, Chief Legal Officer, Broadridge
Andrew Kroculick (MBA'17), Chief Operating Officer, Nasdaq Private Market
Liam Smith, Chief Strategy Officer, Optiver
3:00 - 3:20
TBA
Moderated by Reena Aggarwal
3:20 - 3:35
Break
3:35 - 4:00
Keynote
TBA
4:00 - 4:45
Panel – Tokenized Finance: Innovation, Liquidity, and Market Integrity
Samara Cohen, Global Head of Market Development, BlackRock
Tom Farley (C'97), CEO, Bullish
Adrienne Harris (C'03), Senior Advisor and Board Member, PCFMP
Frank La Salla, President, Chief Executive Officer, and Director; Depository Trust & Clearing Corporation
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.
Of Counsel and Policy Advisor, Sullivan & Cromwell & Senior Advisor, Psaros Center
Adrienne A. Harris is Of Counsel and Policy Advisor to Sullivan & Cromwell, and a member of the Firm’s Financial Services Group. Her practice focuses on advising financial services firms on diverse regulatory and policy issues, as well as on complex litigation and enforcement matters.
Adrienne has held government positions at the state and federal level. Prior to re-joining S&C, where she began her legal career, Adrienne was the longest-serving Superintendent of the New York State Department of Financial Services (2021-2025). During her tenure, Adrienne was a member of the Financial Stability Oversight Council, chaired by Treasury Secretary Janet Yellen—a post to which she was elected by her fellow state banking regulators; a member of the Board of Directors of the Conference of State Banking Supervisors; and a member of the National Association of Insurance Commissioners.
Adrienne also served as a Senior Advisor to the Deputy Secretary of the U.S. Treasury Department and Special Assistant to President Obama for Economic Policy at the White House National Economic Council. Her portfolio included financial reform, financial technology, cyber security, consumer protection, and housing finance. At the White House, she spearheaded the development of the Administration’s fintech strategy, establishing and chairing both the Interagency Fintech Working Group and the Administration’s Distributed Ledger Technology Task Force.
Adrienne also has private practice and academic experience, having held roles as a founding executive at DOMA, an artificial intelligence-based insurtech company based in San Francisco; Professor of the Practice and Faculty Co-Director at the Gerald R. Ford School of Public Policy's Center on Finance, Law and Policy at the University of Michigan; early- and growth-stage investor and advisor; and a Senior Advisor at the Brunswick Group in Washington, D.C. She is a member of the Psaros Center for Financial Markets and Policy Advisory Board.
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.
Commissioner and former Acting Chairman, U.S. Securities and Exchange Commission & Vice-Chair of the IOSCO Board
Mark T. Uyeda was sworn into office as a Commissioner of the U.S. Securities and Exchange Commission on June 30, 2022, after being confirmed by the U.S. Senate. He was sworn in for a second term as Commissioner on December 28, 2023, after being confirmed by the U.S. Senate for a five-year term expiring in 2028. He serves as vice chairman of the board for the International Organization of Securities Commissions (IOSCO) and also as vice chairman of the Organization for Economic Cooperation & Development (OECD) Corporate Governance Committee.
Prior to becoming Commissioner, he served as an SEC detailee to both the legislative and executive branches, most recently as securities counsel to Ranking Member Pat Toomey on the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Commissioner Uyeda also served on detail as a policy advisor to senior leadership at the U.S. Department of the Treasury in 2017-2018 and the U.S. Department of Labor in 2020. Commissioner Uyeda has been with the SEC since 2006, serving as Senior Advisor to Chairman Jay Clayton, Counsel to Commissioners Michael S. Piwowar and Paul S. Atkins, and Assistant Director and Senior Special Counsel in the Division of Investment Management.
Before joining the SEC, Commissioner Uyeda served as Chief Advisor to the California Corporations Commissioner (now known as the California Department of Financial Protection and Innovation), the state’s securities regulator, having been appointed by Governor Arnold Schwarzenegger in 2004. Earlier in his career, he worked as a corporate and securities attorney at Kirkpatrick & Lockhart (now K&L Gates) in Washington, D.C. and O’Melveny & Myers in Los Angeles.
Commissioner Uyeda earned his bachelor's degree in business administration from Georgetown University in 1992 and his law degree with honors from Duke University in 1995. He is the first Asian-Pacific American to serve as a Commissioner at the SEC.
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
Chief Legal Officer, Broadridge
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.
Andrew Kroculick
Chief Operating Officer, Nasdaq Private Markets
Andrew Kroculick serves as Chief Operating Officer at Nasdaq Private Market (NPM), where he leads the firm’s operations teams and oversees the Settlement and WealthConnect (Wealth, Tax, and Workplace Solutions) businesses. Most recently, he led NPM's $37.6M Series C funding round and was named an inventor on a US patent for settling private company securities via the company's proprietary settlement engine. He joined NPM in 2017 and has since been a steady force in scaling operations, enhancing client experience, and releasing new products and offerings. A key architect of NPM’s spinout from Nasdaq in 2021, Andrew continues to steer the transformation of mission-critical capabilities across the organization. Before joining NPM, he spent several years at Nasdaq, Inc. as a Senior Director in corporate strategy, and before that was a Senior Consultant at Deloitte Consulting LLP. Andrew holds a B.B.A. in Finance from George Washington University and an MBA from Georgetown University’s McDonough School of Business.
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.
Executive Director, Psaros Center for Financial Markets and Policy
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.
President, New York Stock Exchange (former) & Board Member, Psaros Center
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.
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
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Keynote Address
A Conversation with David Solomon, Chair and CEO, Goldman Sachs
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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
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Keynote Address
A Conversation with Psaros Distinguished Fellows Rostin Behnam (C'00) and Patrick McHenry
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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
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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
