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We need to take a step back and look at today’s trading desk. By dissecting a trading desk into its functions, processes, and tasks, it becomes clear that 80% or more can be successfully automated with today’s technology – and that figure is just for the front-office, potentially even higher in the middle- and back-office.
As part of a major scheme from the Monetary Authority of Singapore (MAS) to develop the region as a global FX trading hub, several large banks over the last few years agreed to develop FX pricing and tradingengines in Singapore, in partnership with MAS.
BNP Paribas has entered into a definitive agreement to acquire 100% of AXA InvestmentManagers – representing around €850 million in assets under management – for just over €5 billion. The deal is set to include an agreement for BNP Paribas’ long term management of a large part of AXA’s assets.
Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capital markets for decades in some form or another. However, an undeniable surge has occurred across the trading sphere over the last few years, with decidedly mixed results. And the number is climbing.
At the Fixed Income Leaders Summit, advancements in technology and the growing use of data were noted as something that could help bolster trading strategies if utilised correctly, particularly for the next-generation trader. Panellists highlighted that this is only useful if traders know how to utilise data to improve workflows.
Interoperability and improvements through partnerships were championed by speakers including buy-sider Jon Tricker, head trader, global credit at Vanguard who confirmed the investmentmanager was leveraging the “maturing API community” to expand its systems. You don’t need your own lab.
While a degree in finance, economics, or related fields is highly sought after, investment banks will hire candidates with a diversity of backgrounds, especially in STEM fields. Investment banking hiring managers are looking for students who have high GPAs for what they signal about the candidate.
As Alan Martin Lucero, head of FX at Norges Bank InvestmentManagement and Gregory Armon-Jones, managing partner, Armon-Jones Partners debated the role of the future trader, the audience were forced to question if the future truly is digital when it comes to traders’ roles. appeared first on The TRADE.
Moreover, algorithms help better understand the market, providing investmentmanagers with valuable information to make more informed decisions. This setup ensures that both quants and investmentmanagers learn from each other, potentially creating a new and more capable type of quantitative investmentmanager.
He joins from BlackRock, where he most recently served as head of Aladdin engineering, holding responsibility for the design, product management, development and operation of the firms investmentmanagement technology platform.
He will join from BlackRock, where he most recently served as head of Aladdin engineering, holding responsibility for the design, product management, development and operation of the firms investmentmanagement technology platform.
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