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Matthew Koren

Equity & Index Derivatives at Eurex

Matthew Koren is a professional in the finance sector, currently serving as Equity and Index Derivatives Sales at Eurex, where he is involved in sales and trading of equity and index derivatives. He is based in New York and has a strong background in financial markets, particularly in areas such as ETFs, index arbitrage, equity swaps, and futures trading.12

Education and Background

Matthew Koren completed his education at Cornell University, which has equipped him with the necessary skills and knowledge for his role in the derivatives market. His experience includes a variety of roles that have honed his expertise in financial products and sales strategies.1

Professional Experience

Before joining Eurex, Koren held various positions that contributed to his understanding of the financial industry, including roles in sales and account management. His career trajectory reflects a commitment to developing relationships within the finance community and providing clients with tailored solutions.12

In summary, Matthew Koren is a skilled professional in equity and index derivatives, leveraging his educational background and diverse work experience to excel at Eurex.

Highlights

Aug 28 · linkedin

Where’s the transatlantic market risk this Presidential election cycle? The graph below is the VIX - #VSTOXX October futures spread for the last three US Presidential election years. The 2016 race (Trump v Clinton) consistently priced V2X at a considerable premium to VIX (tariffs are coming!). The 2020 race (Trump v Biden) was flipped and volatile as we moved through the dark days of Covid, with VIX averaging a ~4 pt premium through the fall. Yet, 2024 is currently pricing in almost zero risk tilt towards either region, with both futures trading just shy of 18.

Are "America First" campaign threats just not on the ballot this year? Perhaps vol market structure has changed? Maybe it's just that neither candidate threw their first big punch at the EU yet, but given the political climate in the US and the propensity for some to storm capitals, the pricing just seems ... "weird."

VSTOXX markets will get deeper, tighter, and more liquid on September 1st on the back of new liquidity schemes, just in time for election season. Reach out if you have any questions on how to access European vol markets (VSTOXX, Euro Stoxx, DAX, STOXX 600, single stocks, etc) as we head into what surely will be a volatile fall.

#EUREX #VOLATILITY #V2X #SX5E #MARKETS #TRADING #OPTIONS #EUROPE #STOXX #TRUMP #HARRIS #SPX #ELECTIONS #VIX

Aug 9 · linkedin

Lots of VIX this, VIX that this past week, but how’s VIX’s cousin across the pond faring through this year's bouts of volatility? While VIX options volumes (though month end) are up 7% year over year, #VSTOXX options volumes are up 35%. VIX may be beloved for its deep liquidity, but it's far from a perfect hedge for European vol.

More on this week’s trading activity in the link, complete with a snapshot of very funky looking term structure.

#VOLATILITY #V2X #SX5E #MARKETS #TRADING #OPTIONS #EUROPE #FRANCE #STOXX #GERMANY #DERIVATIVES #YEN #JPY #SPX #VIX

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Matthew Koren
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Location

New York, New York, United States