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,…
Government Bonds
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…
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…
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…
Key trends to track in US government bond dealing
Kevin McPartland, managing director of analyst firm Greenwich Associates, sees real change in the way buy-side traders can achieve their execution objectives, thanks to innovation in the US Treasuries market. Trading protocols are changing as models such as streaming prices are fully integrated into trading workflows, opening up new execution…
US Treasuries trading transformed for buy side
Buy-side traders are changing the way they execute US treasury trades, giving greater opportunity to capture alpha and to secure best price. New platforms are offering trading desks a greater choice of how to reach counterparties, better supporting best execution and low touch trading. Tim Cook, head of sales for…
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…