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,…
Corporate Bonds
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…
Multi-asset trading analytics can drive better trading performance
Trading performance analysis across assets will create welcome feedback for the trading team says Cathy Gibson, head of trading at Royal London Asset Management, but there are significant complexities in providing a meaningful picture for an asset manager. Appropriate performance benchmarks are very different, data availability is inconsistent and the…
Getting the most value from multi-asset TCA
Transaction cost analysis (TCA) can have very positive effects on everything from trading to the investment process, if it is implemented well. However, while equity TCA is relatively mature, there are serious challenges in other asset classes, which require traders to track down robust data sources and conduct rigorous appraisals…
Streaming prices: The right protocol for the trade
Trader TV: New trading protocols like streaming prices can boost bond trading execution, but buy-side traders must determine when is best to use them. Across the range of fixed income instruments and markets different ways to trade can create optimal execution based upon the portfolio manager’s investment goals. Chris Bruner,…
The choices that a trader makes
The choices that a trader makes determine the effectiveness of a fund’s investment strategy or mandate. Mike Nappi, senior fixed income trader at Eaton Vance, outlines the pressures which affect the trading desk today, the decisions that traders need to take in order to manage those pressures, and the effect…
Broaden traders’ pre-trade execution choices through post-trade price data
Better prepared buy-side traders make better execution decisions. Chris Bruner, head of US credit at Tradeweb outlines how buy-side traders can quantify execution quality through the use of pricing tools in the pre-trade, at-trade and post-trade workflow. Quantifying execution quality, delivers feedback to buy-side desks so they can be ready…
Preparation tips for the buy-side dealing desk
Top tips for buy-side traders: How to avoid being surprised by orders from portfolio managers; data needed to set the scene pre-trade; execution analysis incorporating investment goals; using bots to capture ‘speed alpha’. Jim Switzer, global head of fixed income trading at AllianceBernstein gives guidance on what a dealing team…
Bridging information gaps in the bond market
Gaps in information between counterparties and clients can challenge buy-side bond traders, impacting the investment process. Frank Cerveny, head of markets and sales at MTS, explains how data can be managed effectively in order to bridge those gaps, improving trade execution quality.
Spotting trading opportunities in information-sparse bond markets
Overcoming information gaps can allow investors to buy for longer term trends and seize trades when they present. Sean George, chief investment officer of Structurinvest Fondkommision, explains how he makes those decisions, what he bases them on, and the risks that information gaps create in the investment process. Market data…