Bloomberg Derivatives Market Structure 2026: New Trading Products for a Risk-on Era

Rizwan Awan leads innovation at the intersection of prediction markets and sports trading at DraftKings, building businesses that bridge traditional finance and sportsbooks.

Before moving to Boston to join DraftKings in 2025, Rizwan served as President of Equity Trading at TMX Group, where he led Canada’s primary exchanges and helped drive the expansion of TMX’s U.S. markets business. Earlier in his career, he held senior client-facing roles including Managing Director, Head of Program and Electronic Trading at BMO Capital Markets.

Rizwan’s career has been defined by a drive to push the industry forward, and his work at DraftKings marks the latest chapter in that journey.  He remains an active voice in financial services, contributing to market structure and policy discussions that help shape the future of our industry.

Trabue Bland is SVP, Futures Exchanges at Intercontinental Exchange, Inc. (NYSE: ICE) and oversees all of ICE’s futures exchanges globally. Bland previously served as President of ICE Futures U.S. as well as VP of Regulation where he managed ICE’s regulatory efforts globally, with an emphasis on CFTC regulation. He also serves on the Commodity Futures Trading Commission Energy and Environmental Markets Advisory Committee.

Prior to joining ICE in 2007, Bland was Legal Counsel to Acting Chairman Walter Lukken at the Commodity Futures Trading Commission. He was also a trial attorney in the Division of Enforcement and an attorney in the Division of Clearing and Intermediary Oversight.

Before joining the Commission, Bland was in private practice at Balch and Bingham, LLP. He served on the staff of Senator Thad Cochran before attending law school. Bland holds a law degree from the University of Mississippi School of Law and earned a Bachelor of Arts degree in Economics from Washington and Lee University.

Brett Harrison is the founder and CEO of Architect, which operates the American Innovation Exchange, a CFTC-regulated derivatives exchange for compute and AI-related assets. Architect also runs AX, a BMA-regulated exchange for perpetual futures on traditional asset classes such as FX, metals, equities, and interest rates. He was previously the president of FTX US. Brett spent eleven years managing the development of algorithmic trading technology at Jane Street and Citadel Securities, where his work focused on equities, ETFs, options, ADRs, and other derivatives across global markets. Brett received his M.S. and B.A. in Computer Science from Harvard.

Rick Heaslip, Esq. serves as Kalshi Inc.’s General Counsel and Chief Regulatory Officer. Rick has oversight over all legal matters at Kalshi, including litigation, commercial deals, and regulatory matters. Prior to joining Kalshi, Rick practiced law at Weil, Gotshal & Manges, LLP and at Duane Morris, LLP. In addition to his legal expertise, Rick has a deep understanding of trading and market dynamics, with years of experience in event contract trading and as a professional poker player. Rick is a 2008 graduate of the University of Pennsylvania and a 2014 graduate of Harvard Law School.

Robert Hocking is Executive Vice President and Global Head of Derivatives at Cboe Global Markets (Cboe), based in Chicago. In this role, he leads the strategic direction and growth of Cboe’s global derivatives franchise, overseeing a broad portfolio that includes U.S. and European options and futures markets, as well as Cboe’s flagship proprietary products such as S&P 500 Index options and the VIX volatility franchise.

Hocking also oversees several key initiatives that support Cboe’s leadership in derivatives innovation and education, including The Options Institute (Cboe’s educational arm), Market Intelligence (Cboe’s derivatives research and analytics team), and Cboe Labs, the firm’s hub for product innovation and development.

Prior to joining Cboe, Hocking held several senior leadership roles across the financial services industry. He served as Special Advisor to the Chairman at The Options Clearing Corporation and as Global Head of Equity Volatility Trading at DRW Trading in Chicago. Earlier in his career, he held key positions at Goldman Sachs as Vice President of Index Trading and at Hull Trading, where he specialized in index derivatives market making. Over the course of more than 18 years, Hocking was a member and trading permit holder (TPH) at Cboe Options Exchange, where he played an active role on the Product Development Committee.

Hocking holds a Bachelor of Science in Finance and Economics from the Gies College of Business at the University of Illinois Urbana-Champaign. Outside of work, he is an avid cyclist, as well as a youth basketball and baseball coach.

Peter Keavey is responsible for leading and developing CME Group’s suite of global energy and environmental products, including benchmark futures and options that help customers mitigate the myriad of risks they face in today’s uncertain global economy.

Keavey has more than 30 years of experience in the futures and options industry, including 15 years as a trader of physical and financial energy products across the natural gas and crude oil and refined product markets.

Prior to joining CME Group in 2013, Keavey was a Portfolio Manager at Graham Capital Management focusing on energy markets. He served as Managing Director and Head of Energy Trading at Scotia Capital from 2008-2011, and has held various commodity trading positions for Enron Corporation, Societe Generale and Lehman Brothers.

Keavey is based in New York. He earned a bachelor’s degree in business administration from Fordham University’s Gabelli School of Business

Carmen Li founded Silicon Data to create independent benchmark pricing, performance standards, and carbon tracking infrastructure for GPU compute markets. She subsequently took on Compute Exchange as the marketplace layer enabling efficient procurement and scalable trading of compute capacity, supported by trusted benchmarks. Her vision bridges the infrastructure requirements of AI hyperscalers with the transparency standards institutional investors demand. Her long-term vision is to make compute markets as measurable, trusted, and investable as traditional financial and energy markets. With deep expertise in market microstructure and financial infrastructure, she is positioning compute as the next major institutional asset class.

Jeremy Maletz is the Head of Prediction Markets at Susquehanna International Group, where he has worked for the past 19 years. During his tenure, Jeremy has shown a passion for innovating in new product spaces, notably founding the predictions trading initiative at in 2023 making Susquehanna the first institutional liquidity provider in the predictions space. He is also deeply involved in trader education at Susquehanna and believes strongly in leveraging prediction market information to drive better decision making.

Jeremy holds his B.A. from Columbia University. Residing in Gladwyne, PA, Jeremy balances his professional endeavors with a passion for skiing, cycling, and playing the piano. His enthusiasm for music has led him to the board of the Mann Center for Performing Arts where he works to further the Mann’s mission to bring music and art education to the local community.

Rostin Behnam currently serves as the Global Head of Public Policy and Corporate Affairs at Bloomberg, LP. Prior to joining Bloomberg in February, 2026, Behnam served as the Chairman of the U.S. Commodity Futures Trading Commission (CFTC) from January 2021 to January 2025. He previously served as a CFTC Commissioner from 2017 to 2021. Behnam also currently serves as a Distinguished Fellow at the Psaros Center for Financial Markets and Policy at the Georgetown University McDonough School of Business, and as a member of the FINRA Board of Governors.

Jackson Gutenplan is a Research Analyst on the BI Market Structure team. Jackson conducts and publishes research on equity and options trading and market structure issues, and leads the team’s data and analytics strategy. Previous to his tenure at Bloomberg, Jackson was an equity trader, and graduated from Vanderbilt University with a B.A. in Economics. He is a CFA Charterholder

Dushyant “D” Shahrawat is an Analyst, ex-Investment banker, MIT Sloan Fellow, and leading voice on the future of financial market structure with 20+ years advising institutions, innovators, and regulators. At Bloomberg Intelligence, he leads crypto and blockchain market structure, shaping how global clients navigate digital assets, stablecoins, and tokenization. A fintech specialist since 2014, he bridges Wall Street and emerging technology to drive institutional adoption. A six-time Singapore FinTech Festival speaker and World Economic Forum contributor, he advises senior executives worldwide on the transition to on-chain finance and the redesign of global financial infrastructure.

Larry Tabb serves as the Director of Market Structure Research at Bloomberg, LLP. He leads a research team providing insights into financial markets infrastructure, technology, and regulation. Tabb was previously Research Chairman at TABB Group, where he focused on capital markets. He has advised regulatory bodies like the SEC and CFTC on market structure and is a sought-after speaker in major industry events. His career includes roles at TowerGroup, Lehman Brothers, and Citibank.