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WFE Webinar
Perpetuals and Prediction Markets: The New Derivatives Landscape
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Event Summary
Perpetuals and Prediction Markets: The New Derivatives Landscape
Summary: Perpetual derivatives and prediction markets are moving rapidly from the fringes towards the mainstream, driven by demand for continuous market exposure and new ways to trade and hedge event outcomes. What is driving the growth of these products, and what can traditional markets learn from their development? What market structure, technology and liquidity arrangements are needed to support them, and how can exchanges address surveillance and manipulation risks? How should regulators define these products, including the boundary between prediction markets, derivatives and gambling? As the regulatory framework develops, what could greater institutional adoption mean for investor protection and the role of established market operators?
Who should attend
This webinar will be of interest to exchanges, trading venues and other financial market infrastructure; investors and traders; derivatives and digital asset professionals; market makers and liquidity providers; and technology, legal, compliance and risk professionals. It will also be relevant to regulators and policymakers looking at how perpetual derivatives and prediction markets should be regulated.
Registration
The webinar is free to attend and registration is open to WFE members and all other interested parties. Please share this invitation with colleagues who may be interested in attending.
Moderator
Charlie Ryder
Senior Manager, Regulatory Affairs World Federation of Exchanges (WFE)
Charlie Ryder is a Senior Manager in the Regulatory Affairs team at the World Federation of Exchanges (WFE), where he leads policy work on post-trade and systemic risk. In this role, he coordinates the WFE’s CCP Working Group and oversees the organisation’s flagship clearing and derivatives conference, WFEClear.
Charlie works closely with global regulators, standard setters, and market infrastructures to shape policy on issues including clearing resilience, collateral and liquidity risk, and evolving market structure. His work spans a range of regulatory initiatives and industry responses, with a focus on maintaining robust, transparent, and efficient financial markets.
Prior to joining the WFE, Charlie worked in capital markets advisory at Ernst & Young, with experience across private equity, hedge funds, and investment management. He holds master’s degrees in Management and International Economic Policy, specialising in global risk and financial regulation.
Speakers
Magnus Almqvist
CEO Exberry
Kevin Tang
Co-Founder HelloTrade
Kevin Tang is a Co-Founder of HelloTrade. Previously, he spent 10 years at BlackRock, most recently helping lead the firm’s digital assets initiatives, including the launches of IBIT and ETHA. Prior to BlackRock, he was at State Street Global Advisors, helping drive the firm's most critical cross-functional and corporate strategy initiatives.
Wyatt Raich
Co-Founder HelloTrade
Wyatt Raich is a Co-Founder of HelloTrade. Previously, he spent 3 years at BlackRock leading engineering for the firm's digital assets lab. The team built the infrastructure in Aladdin to support the launch IBIT, ETHA BUIDL. Prior to BlackRock, he was a software engineer at Lockheed Martin working on autonomous ocean vehicles.
JJ Kinahan
Head of Retail Expansion, and Alternative Investment Products Cboe Global Markets
JJ (Joe) Kinahan is a veteran financial markets executive and one of the most recognizable voices in U.S. retail trading. He currently serves as Senior Vice President, Retail Expansion and Alternative Investment Products at Cboe Global Markets, where he leads initiatives designed to broaden retail participation and advance access to innovative investment products.
Kinahan was most recently CEO of IG North America and President of tastytrade, overseeing tastytrade, tastylive, and IG’s FX businesses. In these roles, he guided strategy, technology development, and the delivery of cutting-edge trading tools and educational content for retail investors. He also serves on the Board of Trustees at Aurora University and the Board of the Greenwood Project, and is a frequent market commentator across major financial media outlets.
Kinahan began his trading career as a market maker on the Chicago Board Options Exchange, specializing in the S&P 100 (OEX) and S&P 500 (SPX) pits. He later held senior trading and leadership roles at ING Bank, Blue Capital, and Van Der Moolen USA.
He joined thinkorswim in 2006 and went on to hold several key positions at TD Ameritrade, including Managing Director of Trading and Chief Market Strategist. During his tenure, he became one of the industry’s most widely cited experts, known for his clear, accessible insights on market structure, derivatives, and retail investor behavior.
In 2026, Cboe Global Markets announced that Kinahan would join the exchange as Senior Vice President, Head of Retail Expansion and Alternative Investment Products, further cementing his leadership in shaping the future of retail market engagement.
Kinahan is the author of Essential Options Strategies and is widely recognized for his commitment to investor education, market transparency, and the advancement of retail trading technology.
Speaker Profiles
Magnus Almqvist
CEO, Exberry
JJ Kinahan
Head of Retail Expansion, and Alternative Investment Products, Cboe Global Markets
JJ (Joe) Kinahan is a veteran financial markets executive and one of the most recognizable voices in U.S. retail trading. He currently serves as Senior Vice President, Retail Expansion and Alternative Investment Products at Cboe Global Markets, where he leads initiatives designed to broaden retail participation and advance access to innovative investment products.
Kinahan was most recently CEO of IG North America and President of tastytrade, overseeing tastytrade, tastylive, and IG’s FX businesses. In these roles, he guided strategy, technology development, and the delivery of cutting-edge trading tools and educational content for retail investors. He also serves on the Board of Trustees at Aurora University and the Board of the Greenwood Project, and is a frequent market commentator across major financial media outlets.
Kinahan began his trading career as a market maker on the Chicago Board Options Exchange, specializing in the S&P 100 (OEX) and S&P 500 (SPX) pits. He later held senior trading and leadership roles at ING Bank, Blue Capital, and Van Der Moolen USA.
He joined thinkorswim in 2006 and went on to hold several key positions at TD Ameritrade, including Managing Director of Trading and Chief Market Strategist. During his tenure, he became one of the industry’s most widely cited experts, known for his clear, accessible insights on market structure, derivatives, and retail investor behavior.
In 2026, Cboe Global Markets announced that Kinahan would join the exchange as Senior Vice President, Head of Retail Expansion and Alternative Investment Products, further cementing his leadership in shaping the future of retail market engagement.
Kinahan is the author of Essential Options Strategies and is widely recognized for his commitment to investor education, market transparency, and the advancement of retail trading technology.
Wyatt Raich
Co-Founder, HelloTrade
Wyatt Raich is a Co-Founder of HelloTrade. Previously, he spent 3 years at BlackRock leading engineering for the firm's digital assets lab. The team built the infrastructure in Aladdin to support the launch IBIT, ETHA BUIDL. Prior to BlackRock, he was a software engineer at Lockheed Martin working on autonomous ocean vehicles.
Charlie Ryder
Senior Manager, Regulatory Affairs, World Federation of Exchanges (WFE)
Charlie Ryder is a Senior Manager in the Regulatory Affairs team at the World Federation of Exchanges (WFE), where he leads policy work on post-trade and systemic risk. In this role, he coordinates the WFE’s CCP Working Group and oversees the organisation’s flagship clearing and derivatives conference, WFEClear.
Charlie works closely with global regulators, standard setters, and market infrastructures to shape policy on issues including clearing resilience, collateral and liquidity risk, and evolving market structure. His work spans a range of regulatory initiatives and industry responses, with a focus on maintaining robust, transparent, and efficient financial markets.
Prior to joining the WFE, Charlie worked in capital markets advisory at Ernst & Young, with experience across private equity, hedge funds, and investment management. He holds master’s degrees in Management and International Economic Policy, specialising in global risk and financial regulation.
Kevin Tang
Co-Founder, HelloTrade
Kevin Tang is a Co-Founder of HelloTrade. Previously, he spent 10 years at BlackRock, most recently helping lead the firm’s digital assets initiatives, including the launches of IBIT and ETHA. Prior to BlackRock, he was at State Street Global Advisors, helping drive the firm's most critical cross-functional and corporate strategy initiatives.