CMXtra: The Trading Podcast

In this special episode, join CMX host David McClelland as he sits down with three rising stars in the trading world, all CMX shortlisted future trading leaders. Gain insights into the future trajectory of the trading desk from the individuals who are shaping it: 1.     Sam Knight, Head of Global eTrading, Fidelity International (UK) 2.     David Biser, Managing Director, Co-Head of Trading, Campbell & Co. (USA) 3.     Brendan McMurtray, Vice President, FX Electronic Trading & Market Structure Analyst, T. Rowe Price (USA) • Building cross-asset low touch trading frameworks: Sam Knight, Head of Global eTrading at Fidelity International, shares his journey of building a global low touch trading engine across various asset classes. Learn about the drivers behind this initiative, its functionality, and the benefits of a cross-asset approach, especially in the context of resource constraints. • Automating to dominate: David Biser, Managing Director and Co-Head of Trading at Campbell & Co., discusses how automation is reshaping the trading landscape. Discover how Campbell & Co.'s trading desk structure supports a multi-asset approach and acts as a risk mitigator for the firm. David also reveals the specific strategies they've implemented to stay ahead of the curve in automation, particularly in equities and FX. • The development of data-driven trading: Brendan McMurtray, Vice President of FX Electronic Trading & Market Structure Analyst at T. Rowe Price, guides us through establishing the best path to trade in FX. Brendan shares his insights on data source ingestion, leveraging data for a competitive edge, and enhancing decision-making for long-term scalability. He also highlights the importance of data quality management and the role of data in advising portfolio managers. Tune in to Rising Stars in Trading for an exclusive look into the future of finance, featuring candid conversations with the individuals shaping it.

Join our specials guests:  Rich Turner, Senior Trader, Currency Solutions, Insight Investments Ray Uy, Global Head of Fixed Income Trading, Invesco Hosted by: - David McClelland - Technology reporter and presenter, BBC presenter and transformation lead in financial services, media and telecoms David McClelland sits down with Rich Turner, Insight Investments and Ray Uy, Invesco. They discuss how you can showcase and champion the role and contribution of the trading desk both internally and to external clients. This includes the role of alpha contribution on the desk, the critical role of analytics when demonstrating value, the role and measurement of qualitative performance, and the necessity of effective cross-departmental communication.  The discussion also highlights the balance between centralised and integrated trading structures, the impact of technology on trading practices, and the critical nature of strong relationships when navigating market volatility.

Join our specials guests:  - Eoghan O’Reilly, Senior Fixed Income Trader, Abrdn  - Matt Coupe, former sell side Director of Market Structure at one of the major sell side firms, and cross-asset market structure and eTrading expert, as well as the co-chair of FIX EMEA. Hosted by:  - David McClelland - Technology reporter and presenter, BBC presenter and transformation lead in financial services, media and telecoms In this episode, we delve into the evolving landscape of dealer wallet share with special guests Eoghan O’Reilly, Senior Fixed Income Trader at Abrdn, and Matt Coupe, an expert in market structure and eTrading. We examine the rise of new liquidity providers, such as agency brokers and non-bank entities, alongside traditional Tier 1 banks. Our discussion covers the impact of cost pressures on the buy side, leading to the shrinking and restructuring of dealer panels across various asset classes. Our guests highlight the strategies available for optimising relationships with sell-side partners, focusing on the role of traders, algorithms and platforms. They also share advice on how to measure and quantify the value of counterparty relationships, the importance of dealer reviews, and incentivising mid-sized sell side players. Finally, Eoghan and Matt explore the effects of electronic trading on these crucial relationships and emphasise the need for continuous communication and engagement.

In this final installment of our 3-part series leading up to the Capital Markets Xchange [https://www.the-cmx.com] event on June 27, 2024, in London, join our expert panel and special guest host David McClelland as they explore how to build a winning trading desk by fostering a high-performing team. This episode features: * Nigel Todd - Head of Global Forex Trading, Fidelity International * Alison Hollingshead - COO, Investment Management, Jupiter Asset Management * Rosanna Bruni - Strategic Advisor & Board Director, Capital Markets + Diversity & Inclusion Champion * Jeff Schwartzman - Global Head of Learning & Organizational Development, TPICAP/Liquidnet University Our experts underscore the importance of trust, a clear vision, purpose, autonomy, accountability, and psychological safety in creating a robust team culture. They tackle the challenges of recruiting diverse talent and underscoring the necessity of continuous learning and development. Highlighting the significance of empathy, respect, and kindness, we discuss how these attributes contribute to effective leadership and an inclusive environment. They also delve into balancing modern performance metrics, advisory roles, and adding value to investments, emphasizing the need for strategic succession planning and skill diversification to mitigate key person risks. Join CMXtra for insights and advice on: * Trust, clear vision, purpose, autonomy, accountability, and psychological safety are essential for building a high-performing team and a strong team culture. * Recruiting diverse talent and ensuring continuous learning and development are crucial for a successful trading desk. * Leadership should embody empathy, respect, kindness, and inclusivity. * Balancing modern performance measurements, advisory roles, and investment value requires a focus on individual performance metrics. * Succession planning and skill diversification are vital for mitigating key person risks.

Today we take a deep dive into the transformative journey towards T+1 settlement, a milestone set by regulatory bodies to foster greater operational efficiency and compliance in the trading sphere. This episode brings together visionary leaders from Baillie Gifford, Invesco, and Evenlode Asset Management, as well as insights from ICMA, to illuminate the path through the complexities of this transition. From operational risks to the nuances of FX transactions and liquidity, our guests discuss not just the challenges but the vast opportunities—streamlining processes, embracing cutting-edge technology, and the power of collective action. As we approach the critical May 28 deadline, we delve into how firms are gearing up, the broader impact on the financial markets, and the prospects of moving towards even more efficient settlement cycles like T0. Join us for an inspiring look at how adapting to these changes paves the way for competitive edges, cost savings, and a more resilient market.