Is it time to look past the U.S. tech concentration?

For many traders, "the market" has become synonymous with a handful of domestic tech names. But with 40% of the world's investable equity sitting outside the U.S., ignoring the international tape means missing out on massive shifts in financials, defense, and emerging tech hubs.

In this episode, Mark Longo sits down with a panel of experts to discuss how to navigate the global landscape using the MSCI ecosystem. We explore why the "only free lunch in finance" is back in style and how the pros are using listed derivatives to manage risk across different time zones and regimes.

On the Hot Seat:

• Ratchna Mathur, Executive Director, Eurex

• Anshul Kamra, Head of Index Derivatives and Systematic Strategies Research, MSCI Inc.

• Vas Koutsoulis, Index Derivatives Product (EMEA), MSCI Inc.

Discussion Highlights:

• The Concentration Crisis: Why the U.S. market's top-heavy nature is driving a hunt for global alternatives.

• The Global Semi Play: Accessing the AI infrastructure boom through Taiwan and Korea.

• Regional Deep Dives: From the resilient European financials to the shifting energy correlations in the GCC.

• Operational Edge: How to use Eurex's 21-hour trading window to eliminate overnight gap risk.

For more on global benchmark trading, visit www.eurex.com .

Is the traditional geopolitical risk playbook dead? In this episode of The European Market Brief, Mark Longo is joined by Morad Askar, Founder of EdgeClear, and Matt Koren, Equity and Index Derivatives Sales and Global VSTOXX Lead at Eurex, to dissect the unprecedented market activity following recent escalations in the Middle East.

While the "old playbook" suggests a flight to quality in gold and a spike in oil, the recent blockade of the Strait of Hormuz has sent the markets into a tailspin of "trade the tweet" volatility that defied standard expectations. The team explores why European derivatives—particularly VSTOXX and EURO STOXX 50—saw volumes surge to 2x their annual average, and why the "buy the dip" mentality is being tested like never before.

Topics covered include:

• The Volatility Regime: Why VSTOXX hit levels near 35 while VIX lagged behind.

• The Transatlantic Spread: How energy dependency makes European markets more vulnerable to Middle East conflict than the US.

• Retail vs. Institutional Flow: The shift toward order book liquidity and the rise of daily options in Europe.

• Risk Management: Why "holding through the weekend" has become a dangerous game for professional traders in a 24/7 news cycle.

Whether you're trading DAX, Bunds, or looking for cross-border volatility opportunities, this episode provides the "new" rules for an evolving, headline-driven market.

In this episode of The European Market Brief, Mark Longo is joined by Dr. Russell Rhoads (IU Kelley School of Business), Steve Sosnick (Interactive Brokers), and Matt Riley (Eurex) to dissect a rapidly shifting landscape. With the Iran conflict crossing the one-month mark, the panel explores why the "shock and awe" expectations of a quick resolution have evaporated, replaced by fears of a lingering market impact through the end of the year.

Key Topics Covered:

• The VSTOXX 30-Handle: We haven't seen these levels in a year. Is the current spike justified, or are traders "once bitten, twice shy" after the quick recoveries of 2025?

• The Great Divergence: Why the U.S. and Europe are splitting on rate expectations—from "endless cuts" to potential hikes.

• Free Data for the "Eurex-Curious": Steve Sosnick breaks down Interactive Brokers' new initiative providing free real-time Eurex data for retail and institutional traders.

• Rotation vs. Repatriation: Is the "Sell America" trade real? Why investors are looking at the STOXX 600 for value and diversification away from the Mag 7.

• The Red Phone: The team answers listener questions on the Brent/WTI spread and whether the U.S. Midterms are actually being priced into European vol.

This episode is brought to you by Eurex—the home of Euro STOXX, VSTOXX, DAX, and European rates derivatives.