Total transparency might intimidate some traders, but honesty creates better performance, says Paul Squires, head of trading EMEA equities and Henley fixed interest at Invesco. Data analytics is a crucial skill for tomorrow’s traders, and increasingly importance in building confidence amongst investors, portfolio managers and the trading team itself, where…
Videos
Find our monthly shows across equities and fixed income below.
Regulators need to rethink leverage ratio for repo markets
If balance sheet restraints prevent banks from providing repo liquidity, but asset managers are labelled ‘shadow bankers’ for peer-to-peer repo – what do regulators want? Roelof van der Struik, manager for Treasury Trading & Commodities at pension fund manager, PGGM sees a backstop to accessing central bank liquidity as one option.…
Fixing the repo market while the sun is shining
The repo markets are a marked cause for concern amongst market participants, regulators and central banks today. They offer a route for generating returns on assets, sourcing collateral and providing short-term liquidity, however, recent disruptions have raised the levels of concern around liquidity shortfalls and price spikes, creating a structural…
Review and analysis of a market event
Following a rate decision by a central bank, or an election, the process that investment managers took to approaching the event and then engaging with it need careful scrutiny in order to optimise both trading and portfolio decision making in the future. James Athey of Aberdeen Standard Investments, Sean George…
Trading through a market event
How can traders manage risk and opportunity during a market event? While portfolio managers will take positions prior to the event itself, traders may either seek opportunities – such as misalignments in pricing – or manage risks that are created, for example if the market moves in an unexpected direction.…
Bracing for impact: What if you are misinformed ahead of a market event?
When an interest rate decision looms, portfolio managers (PMs), traders and dealers build a matrix of possible outcomes, decide their expectation and work out how to maximise their upside, while minimising their downside. That hinges upon an understanding of the market’s view, and its likely reaction to an outcome, to…
Full episode: Trader TV Live – trading around market events
In light of ongoing uncertainty around interest rate decisions, elections and economic data outputs, we held a live discussion about the buy- and sell-side firms trade around market events. Joining us were Sean George, chief investment officer at Strukturinvest, James Athey senior portfolio manager at Aberdeen Standard, and Mattias Remnefjord,…
Repo in the D2C market stands to be improved considerably by electronification
By bringing together the dealer-to-dealer repurchase agreement (repo) market with dealer-to-client market, asset managers can gain real advantages from trade clearing to straight-through-processing. Electronification of the market will continue to increase, says Oliver Clark, head of product at MTS and Tim Martins, head of product for repo and money markets…
Positive approaches to increasing primary market efficiency
Asset managers need to overcome operational inefficiency in primary markets today. We spoke with Doriane Geyler-Rojas and Abdoulaye Ba of Natixis Asset Management Finance to learn how they are trying to overcome these hurdles, through a better use of data, access to platforms and potentially through regulatory change.
Approches positives pour accroître l’efficacité du marché primaire
Les gestionnaires d’actifs doivent aujourd’hui surmonter l’inefficacité opérationnelle sur les marchés primaires. Nous avons discuté avec Doriane Geyler-Rojas et Abdoulaye Ba de Natixis Asset Management Finance pour savoir comment ils essaient de surmonter ces obstacles.
Buy-side traders push for primary market reform
An increased reliance on the primary market is impacting trading desks’ efficiency in secondary trading. Frustration with the issue is leading asset managers to look for a reform of existing processes. In this interview, Oscar Kenessey, head of fixed income, derivatives and currency trading at NNIP, and Eric Heleine, head…
Overcoming illiquidity in OTC markets
When over-the-counter markets are suffering from a limited liquidity supply, buy-side firms can struggle with price formation and counterparty selection. Those trading desks can be far more manoeuvrable if they are able to trade exchange-traded instruments such as futures, exchange-traded funds (ETFs) and options on ETFs. Lee Bartholomew, head of…