Leading asset managers are building low-touch, multi-asset trading desks to deliver automation wherever possible. Building automation into the trading process requires the asset manager to define best practices around volume, asset class and timeliness of liquidity, then building appropriate rules into the execution process. John Adam, global director, Portfolio Management…
Secondary markets
Data analysis is core to trading desk
New research by Greenwich Associates in partnership with Refinitiv (read the report here: https://refini.tv/37biTXb) found that traders see data analysis as a core skill to the trading desk, more than market structure, within three to five years. In part this will include data scientists and quants support the trading team,…
Managing ‘data risk’ for bond traders
If data is mismanaged on the trading desk, it can trigger individual trading errors or even flash crashes. Jon Williams, head of fixed income at Refinitiv, identifies key stages of risk management for data including getting the right amount of information; assessing whether it will be consumed by human or…
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…
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…
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…