Rob Chapman

Designed for asset managers issuing or considering active ETFs, this peer discussion explores creation/redemption workflows, in-house vs outsourced issuance, and regional market differences. Compare US and European models and examine how trading desks support product success.

The closing auction has become the most important liquidity event of the trading day- absorbing a growing share of flow. As this trend accelerates, desks are re-evaluating auction access models, routing logic, and algo strategies. This session examines the rise of auction algo suites, RFQ-for-close protocols, and the increasing role of internal crosses. Panellists will discuss how these developments are influencing price formation, market impact, and execution quality- and whether benchmark closing prices remain a reliable reflection of overall market activity as more volume is matched away from the lit exchange.