By increasing the level of automation that traders and portfolio managers can access in primary markets, asset managers can increase engagement and access to allocations. This requires careful alignment of systems, counterparts and data flows. In this video, the third in a three-part series with Herb Werth, managing director at IHS Markit, we discuss how […]
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, head of US credit at Tradeweb, talks […]
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 of different execution protocols on […]
Chris Bruner of Tradeweb outlines the best ways to use pricing tools in the pre-trade workflow.
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 can do before an order […]
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 paths for traders.
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 EMEA & APAC at platform […]
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.
Instimatch believes its network could boost money market liquidity through three key innovations: a broader set of trading counterparties; greater cross-border counterparty discovery; and technology innovation to support the use of shorter-term instruments. Daniel Sandmeier, CEO of Instimatch, outlines his firm’s vision for a more efficient money market model.
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 provided by MTS.
Electronic trading is delivering better execution at larger sizes and in choppier waters in the US corporate bond market. This is increasing the velocity of trading, adding liquidity to the market. As platforms have evolved to allow automated hedging with Treasuries, electronic trading is increasingly viable even in markets with price volatility. Chris Bruner, managing […]
The complexity of new execution protocols and multi-asset trading means dealing desks on the buy- and sell-side need to reassess the technology they have available to structure their workflows. Pontus Eriksson, strategy director at FIS, gives an expert view on how trading teams can review their processes in order to build a technology infrastructure that […]
A trading desk needs to be very structured if it is to enable high-tough and low-touch trading across asset classes. That requires expert domain knowledge, strong data and well-defined processes so that even when markets are turbulent, testing these parameters, the right decisions are being made. Speaking at the FIX Global conference in London, Christoph […]
Voice trading has always been the go-to method of trading bonds in choppy markets, to be assured of firm prices. Speaking at the FIX Global conference in London, Carl James, global head of fixed income trading at Pictet Asset Management gives the buy-side traders’ perspective on how this is changing as markets become more electronic […]
The trader/portfolio manager workflow is crucial to effective issuance management. We see how it is handled within the IHS Markit platform, with Herb Werth on Trader TV, in our second video of the Primary Market series.
By crossing one fund’s ‘buy’ order with another’s ‘sell’ order, bond traders can save their investors considerable cost, however the mechanics and rules governing the process are complex. Cathy Gibson, head of dealing at Royal London Asset Management, James Wallin, senior VP at AllianceBernstein and Dan Hinxman, global head of institutional sales at TrueQuote, give […]
Im Gespräch mit Andreas Franik gibt Oliver Kämmerer einen Rück- und Ausblick für den Gesundheitssektor und den Fonds Nova Steady HealthCare.
Autoexecution of government bond trades can reduce risk and cost for investors, but is only available in a few markets. Traders need to take account of liquidity and investment goals to assess when auto-ex, auto-pricing and non-competitive trades best serve investment goals. In January’s show, David Scilly, head of fixed income and Currency Dealing at […]
Automation of corporate bond trading is small but growing, with investment grade instruments - particularly in the US - leading the way. From auto-quoting to full auto-execution, buy-side firms are trying to take advantage of greater efficiency so they can better support investment objectives and ultimately greater returns for end investors. In January’s show, Juan […]
Managing the bond issuance process manually is often inefficient and creates operational risk for buy-side traders. This video is the first in a three-part series with Herb Werth, managing director at IHS Markit, discussing how his firm supports traders in automating this process.
Political uncertainty changes the way bond portfolios are managing risk. In December’s show Kay Swinburne MEP, Vice-Chair of the European Parliament’s Committee on Economic and Monetary Affairs and Luke Hickmore senior investment manager at Aberdeen Standard discuss how Europe’s political landscape might impact investment and trading decisions; Lee Bartholomew, head of Derivatives Product R&D in […]
A shadow of disruptive events hangs over the stock markets in 2019. Gianluca Minieri, CEO of Amundi Intermediation UK & Ireland, explains the skills and tools that a buy-side trading desk needs to handle these risks, and Tim McCourt, Global Head of Equity Index and Alternative Investment Products at CME Group highlights the value of […]
How do investors know if their traders are doing a good job? A white paper has been published by the Investment Association (IA), to explain exactly that. Carl James, global head of fixed income trading at Pictet Asset Management, and head of the IA’s fixed income trading committee, and Ross Barrett, senior policy advisor at […]
Trader TV captured the most surprising and interesting takeaways from: Paul Reynolds, head of fixed income at TradingScreen; Frank Cerveny, head of markets at MTS; Mike Thorpe, managing director, Tradeweb; Giuseppe Nuti, managing director and global head of the central risk book and data analysis at UBS; Lee Bartholomew, head of derivatives Product R&D for […]
Roelof van der Struik, manager for Treasury Trading & Commodities at PGGM says the repo market is broken; he tells us how the Dutch pension fund manager is using electronic platforms to correct the broken repo market. At the same time (from 06.36), the Securities Financing Transaction Regulation (SFTR) promises to severely impact market efficiency […]
Giuseppe Nuti, managing director and global head of the central risk book and data analysis at UBS explains how an AI system can work even on sparse bond market data, while Jim Switzer, global head of fixed income trading at AllianceBernstein, reveals his firms plans for AI on the buy-side desk. Market data provided by […]
Trading costs do not have to be higher in emerging markets, says Mark Denny, head of dealing for global markets at Investec Asset Management. He gives us an update on the last quarter, with a masterclass in how to build relationships and electronic trading capability in EM, to deliver best execution.
How to trade in turbulent emerging markets? Using heatmaps of liquidity and all-to-all platforms has helped traders handle the recent volatility in emerging markets, says Chris Perryman, senior fixed income trader at PineBridge Investments, while Angelo Proni, head of new markets at EuroMTS says better data drives better results. Government bond data supplied by MTS.
Three charts that tell traders what look out for in US credit in 2018. We speak with Edward Casey, independent portfolio manager, about the corporate bond market in the first half of the year, likely trends in the second half of the year and the impact they will have upon execution of investment ideas. Government […]
Traders are developing quantitative skills in order to apply a systematic and structured approach to trading and execution analysis. In June’s show, Enrico Cacciatore, senior quantitative execution trader for Voya Investment Management explains how quant traders approach the market, and reveals what investors ought to ask of their asset manager’s quant trading desks.
The Italian markets were shaken in recent weeks, creating opportunities for investment firms with agile trading and investment operations. In our June show, Sean George, chief investment officer at Strukturinvest Fondkommission, explains how the trading capabilities of alternative investment funds (hedge funds) differ from long-only asset managers, and advantage that offers investors in volatile markets.
Dr Kay Swinburne MEP, the vice-chair for the European Parliament’s Economic and Monetary Affairs Committee, doubts a commercial provider will deliver a single tape of bond trading data which has been mandated by MiFID II. She outlines her concerns and expectations in May’s Trader TV, and explains the need for a tape in democratising the […]
This two-minute video gives you the low-down on Aquis Exchange, which is expected to make an initial public offering on the week of the 11th June 2018. The firm offers a unique subscription-based trading model for European equities and currently sits in the top ten of European exchange operators by market share.
Making markets in 24/7 crypto trading presents real challenges, but electronic market makers can offer liquidity to asset managers trading crypto currencies. Bobby Cho, head of trading at Cumberland, a division of DRW, gives us his insight into the risks and rewards of market making.
This month features a crucial report for investors, analysing the difference between ‘transaction cost analysis’ and ‘best execution’. Faced with trade reports for any MiFID II compliant transactions, asset owners must challenge these in an informed way, despite the complexity of the issue. We unravel this tightly wound thread with Carl James, global head of […]
Investors may not see the promised benefits of MiFID II as buy-side bond traders say that transparency has not been improved since last year. At the same time, Brexit negotiations threaten to overturn transatlantic agreements around derivatives trading, increasing the costs for some asset managers. Amir Khwaja, CEO at Clarus FT has looked at the […]
If a fund manager is investing in cryptocurrency, the trading desk will have to manage market risk, counterparty risk and asset security in a new and often unregulated trading environment. We speak with Nic Niedermowwe, CEO and co-founder of Prime Factor Capital, about the key elements that a trader will have to consider, and the […]
Recent market volatility created opportunities for a smart equity trading desk as David Miller, head of EMEA trading at Invesco Perpetual reveals in February’s show.
In February’s bond show, Stephen Yeats, head of APAC and EMEA Fixed Income Beta Solutions at State Street Global Advisors and Bill Sherman, executive vice president of the global markets group at primary market specialist Ipreo reveal how trading desks can reduce trading costs for fixed income funds by accessing the primary markets. Government bond […]
In January’s corporate bond show, Gianluca Minieri, deputy global head of trading at Amundi Asset Management; Lee Sanders, head of fixed income and FX dealing at AXA Investment Managers and Lee Bartholomew, head of Fixed Income & FX Product R&D at Eurex address the challenges that uneven transparency regimes and illiquidity pose for credit trading […]
In January’s Liquidity & Pricing show, Brett Pybus, iShares EMEA Fixed Income Product Strategy at BlackRock and Lee Bartholomew, head of Fixed Income & FX Product R&D at Eurex explain how trading desks on the buy- and sell-side can use ETF Options to manage accessibility and price formation in fixed income markets.
In January’s rates show, Andrew Munro, global head of fixed income trading at Janus Henderson and Carl James, head of fixed income trading at Pictet Asset Management tell us how MiFID II has exposed some dealers and hit high touch trading, while Paul Reynolds, head of fixed income at TradingScreen, explains how asset managers can […]
In January’s equity show, Matt McLoughlin, head of trading at Liontrust tells us how execution and order routing have been impacted by MiFID II.
We discuss the value a trading desk can add to investors during a market sell-off.
The November show for Trader TV, your monthly insight into trading for professional investors.