Market Structure and the Evolution of Operations

As market structure continues to evolve, operations teams are playing an increasingly strategic role in enabling market efficiency, resiliency, and innovation. At the 2026 SIFMA Operations Conference & Exhibition, this panel explored how shifts in trading models, settlement cycles, market infrastructure, and technology are reshaping operational priorities across the industry. They shared perspectives on how firms are adapting their operating models, strengthening infrastructure, and preparing for future market developments as capital markets continue to evolve. Moderator Brian Steele, Managing Director, President, Clearing & Securities Services, DTCC Panelists Fred Crosnier, Head of Global Operations, J.P. Morgan Chase Asset Management Darren Hodges, Executive Vice President, Chief Operations Officer, US Bank Graeme McEvoy, Executive Vice President, Wells Fargo Lori Messer, US Chief Operating Officer & Global Head CM Cross Product, RBC