2025 Conference on Derivatives and Volatility
14 & 15 November 2025 | Chicago, IL
Cboe Global Markets 
433 W. Van Buren Street
Chicago, IL 60607
Financial Management Association International (FMA) is pleased to announce the 2025 Conference on Derivatives and Volatility at Cboe Global Markets in Chicago, IL. In its ninth year, the conference is smaller and more focused than the FMA’s traditional meetings and will include research presentations, academic and practitioner keynotes, and a presentation on product innovations and industry trends.
The conference will take place in-person at Cboe Global Market's offices at 433 W. Van Buren Street, Chicago, IL 60607.
In addition to benefiting from the presentations of high-quality research and expert presentations, conference participants have the opportunity to enjoy a weekend in windy city – and explore everything the city has to offer – from entertainment on Navy Pier to historic Grant Park – to name a few attractions the city has to offer.
Program Co-Chairs
Torben G. Andersen, Nathan S. and Mary P. Sharp Professor of Finance
Northwestern University
Bjorn Eraker, Professor of Finance and Bill Nygren Chair in Investments
University of Wisconsin-Madison
 
Conference Registration and Presentations
Conference registration is now open! The registration fee is $95 and includes the conference program, Friday luncheon and dinner and Saturday luncheon.
The conference presentation listing is available here.
Conference Program featuring Keynote Speaker Rama Cont
Oxford Mathematical Institute & St Hugh's College 
Rama Cont is Professor of Mathematical Finance and Head of the Mathematical and Computational Finance Group at the Oxford Mathematical Institute and a Fellow of St Hugh’s College.
His research in finance has focused on the quantitative modeling of financial instability and extreme market risks: discontinuities in market behavior, liquidity risk, endogenous risk, stress testing and systemic risk.
Professor Cont has extensive experience in the stress testing of large financial institutions and market infrastructures, in particular central counterparties (CCPs), and has participated as an expert in many stress testing exercises across Europe, Asia, the US and Latin America. He has served as a consultant to the Basel Committee on Banking reform, the European Central Bank, the New York Federal Reserve, the US Commodity Futures Commission (CFTC), the US Office of Financial Research, the International Monetary Fund (IMF), DTCC, LCH, B3 (the Brazilian securities clearinghouse), the Chicago Merchantile Exchange (CME) and the Hong Kong Exchange, on matters related to stress testing and the design of margin and risk management systems. He currently serves as Scientific counselor to the Financial Stability Division of Norges Bank, the central bank of Norway.
He was awarded the Louis Bachelier Prize by the French Academy of Sciences in 2010 for his research on mathematical modeling in finance and the Royal Society Award for Excellence in Interdisciplinary Research in 2017 for his research on systemic risk.
Paper Submissions
The submission deadline was Friday, 20 June 2025. We are no longer accepting submissions. Decision letters were sent on 11 September 2025. If you have not received your letter, please contact FMA here.
Click here for the Call for Papers.
The editors of Financial Management (FM), the flagship journal of FMA International, will be apprised by the conference program committee of papers that the committee assesses to be of particularly high-quality. In select cases, the editors will “lightly solicit” papers for submission to FM by offering fast-turnaround, high-quality reviews, waived initial submission fees, and enhanced marketing of papers that are eventually accepted through this submission route. Referees for “lightly-solicited” papers will be made aware that the paper was invited for submission by the editors. While these invitations do not promise eventual publication of papers in FM, the invitations are only offered to a small number of papers each year that the respective FMA conference program committees identify as likeliest to clear the bar for publication in FM without major revisions.
Conference Hotels
We have arranged for small sleeping room blocks at:
Holiday Inn & Suites
506 West Harrison Street, Chicago, IL 60607 (2-minute walk to Cboe Global Markets)
Room Rate: $159 (before taxes)
Click here for reservations
Hampton Inn & Suites - Chicago Downtown
33 W Illinois, Chicago, IL 60654 (10-minute cab/Uber)
Room Rate: $159 (before taxes)
Click here for reservations
JW Marriott Chicago
151 W Adams St, Chicago, IL 60603 (15-minute walk to Cboe Global Markets)
Room Rate: $239 (before taxes)
Click here for reservations
Presenting Partner/Conference Sponsor
Cboe Global Markets is one of the world's largest exchange holding companies, offering cutting-edge trading and investment solutions to investors around the world. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX), and multi-asset volatility products. Our trading venues include the largest options exchange in the U.S. and the largest stock exchange by value traded in Europe. In addition, the company is the second-largest stock exchange operator in the U.S. and a leading market globally for ETP trading.
Cboe is home to the Cboe Volatility Index (VIX Index), the world's barometer for equity market volatility; the Cboe ETF Marketplace, the fastest growing listing venue for issuers; Cboe BXTR, the largest trade reporting facility in Europe; Cboe Livevol, a leading provider of options technology, trading analytics and market data services; Cboe Vest, an asset management company specializing in target-outcome investment strategies; Cboe Risk Management Conferences (RMC), the premier financial industry forums on derivatives and volatility products; the Cboe Options Institute, the company's world-renowned education arm; and ETF.com, a leading provider of ETF news, data and analysis.
Sponsor
SpiderRock is a technology provider that creates and deploys some of the most innovative algorithmic execution and risk management solutions commercially available to service large hedge funds, bank trading desks and proprietary trading firms around the world. The platform is a high-performance, cloud-based trading system empowering institutional clients with tools to construct, manage, and scale equity, futures and option strategies.
SpiderRock is also a market data vendor specializing in low latency data and analytics services. In addition, we offer electronic execution and market access services via SpiderRock EXS, an agency broker dealer regulated by FINRA and NFA.
#FMAatCBOE - Follow the Conversation
|
