Prediction Markets: From Fad to Franchise and the Impact on the Market Data Business
Prediction markets are evolving rapidly from a niche curiosity into a legitimate asset class and data source. What was once a fringe interest now draws institutional attention, real liquidity, and signals that traditional market data can't easily replicate. This session brings together voices from exchanges, data providers, and trading desks to debate how these markets are reshaping price discovery, sentiment analysis, and risk transfer to explore what their rise means for the future of the market data ecosystem.
Facilitator: Elliott Hann, Managing Director, Global Head of Sales, Fenics Market Data & Analytics

Data Licensing
Exploring the evolving realities of data licensing, from rising costs and new licensing models to AI-driven use cases and regulatory demands. Discussion will focus on the growing complexity of data rights, restrictions, and governance, and the industry trends reshaping data consumption and compliance.
Facilitator: Jutta Werner, Director, Global Data Licensing, LSEG

Overcoming Barriers to AI Adoption
AI adoption is accelerating, but many institutions are still stuck between promising pilots and real, enterprise-wide value. This roundtable brings together industry leaders to unpack the barriers slowing AI uptake, from engineering overhead to data trust, model reliability, and cost efficiency. We'll surface where organizations are getting stuck and offer practical approaches to more cost-effective and higher-value AI adoption that can keep pace with the market. This roundtable is led by S&P Global's Kensho Data team, who will draw on firsthand experience helping clients move from experimentation to scaled, AI deployment that adds real value.
Facilitator: John Schirripa, Vice President, Product Management, S&P Global Market Intelligence

From Fragmentation to Interoperability: Managing Securities with Symbology
Financial markets face operational complexity due to fragmented identifier codes. While open standards like FIGI and LEI offer vital progress, expanding regulations and digital transformation make unified data frameworks critical. This roundtable discussion explores how firms manage current symbology challenges, the transition from fragmentation to interoperability, and the role of standards in reducing operational risk. Participants will examine how data providers, regulators, and market actors can collaborate to build a connected ecosystem.
Facilitator: Richard Young, Industry Affairs, Regulation, Symbology, Data Strategy and Standards, Bloomberg

Asia Regional Focus
Whether you are based in Asia, have key suppliers or clients there, or are just interested in hearing about the latest developments in the region’s markets, join us for this roundtable. We will examine the competitive landscape, regulatory and public policy challenges, and the impact on financial information.
Facilitators: Yousaf Hafeez, Head of Business Development, Waypoint Trading Solutions
Aniruddha Chatterjee, CEO, NSE Indices, Data and Cogencis

The Value of Licensed, Trusted Content in the Age of AI
The AI debate is shifting from model novelty to information integrity - whose AI is grounded in current, attributable, rights-cleared content that professionals can actually defend? Speed matters, but defensibility matters more. As AI moves into research, monitoring, diligence, portfolio analysis, advisory, and client-facing workflows, trusted content becomes part of the control framework. This discussion will examine several facets of this issue including scalability, auditability, and the relative importance of information architecture v. model build.
Facilitator: Joanna Appleton, Head of Content Strategy, Dow Jones Newswires

Surveillance in Fragmented Markets: How Are Firms Staying Ahead of Emerging Risks?
This roundtable explores how financial firms are adapting surveillance strategies to keep pace with today's fragmented, multi-asset markets. We will address the key challenges of monitoring liquidity across disparate trading venues and meeting rising expectations for complete, end-to-end order lifecycle visibility. The conversation will examine how compliance teams balance stringent regulatory mandates with operational realities, spanning fixed income, OTC derivatives, and beyond. What will effective, future-proof market surveillance look like in 2026?
Facilitator: Ovie Koloko, Chief Product Officer, Parameta Solutions

Smart contracts powered by real-time market data: Disruption, risks, and challenges
Exchanges are uniquely positioned because they provide trusted prices, regulated data and governance. Smart contracts can trigger trading, settlement or collateral movements automatically. That enables new tokenized products like automated collateral management with a huge disruptive potential for traditional human or algo-led trading and settlement processes. But what if the underlying data is wrong? What if there is a technical bug sitting hidden in dark? This roundtable will discuss overcoming these risks and challenges and how to avoid bad decisions?
Facilitators: Ezra Gilbody, Head of Group Data Services, Deutsche Börse
Sven Wohlfarth, Director, Data Services Operations, Deutsche Börse

The Reality of Extended Trading Hours - Follow-up Discussion
This roundtable follows up on the topics discussed during the Tuesday afternoon plenary panel "When the Bell Never Tolls: The Reality of Extended Trading Hours". This is a great opportunity to engage with the speakers in more depth.
Facilitators: Matt Fuchs, Executive Vice President - Market Data, OTC Markets Group
Michael James, Head of Institutional at Douro Labs, Pyth Network

The Future of Market Data: New Talent and Rising Stars
Join FISD Rising Stars for a discussion about mentorship, attracting and retaining talent, and where our newest members see the obstacles and opportunities as they forge a career in financial information. Attendees of all ages are invited to contribute their outlook, advice, and concerns about the future of the market data workforce.
Facilitator: Adam Scheg, Director, Institutional Sales, Barchart