©The Trade Ltd. London 2016.
Although The Trade Derivatives has made
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No I am not attempting to recreate JJ Abrams’s reboot of the Star Wars franchise, but
there is a new generation of derivatives traders and execution specialists that could
shape the future of the industry.
This issue is dedicated to showcasing success. Inspired by the phenomenal effort of
those involved in the Olympics and Paralympics in Rio, our cover feature is devoted
to those Rising Stars in derivatives (p. 16), in which we profile the top under 40
individuals from the asset management, proprietary trading, and pension fund
In an added attempt to profile success The Trade Derivatives also features the 2016
Derivatives Prime Brokerage Survey (p. 66). Two years on from the last time we ran
the survey, the prime brokerage space has significantly changed as capital
requirements begin to take hold on hedge fund operations. The survey features
individual profiles of those banks involved in derivatives prime brokerage.
As well as this, a new force has awakened that has the potential to significantly
disrupt Europe’s interest rate futures trading scene. We speak to Andrew Ross, CEO
of the London Stock Exchange Group’s (LSEG) new trading platform, CurveGlobal
(p. 24), about its launch and how it intends to wrestle market share from the giants of
Eurex and ICE.
Furthermore in July, The Trade Derivatives held a webinar on interest rate swaps
clearing for the buy-side. This issue features a write-up of that webinar discussion
(p. 26), in which we delve into the issues surrounding the processes involved in swaps
clearing, what this means for swaps futures products, and the implications the
clearing mandate will have on the buy/sell-side relationship.
Finally, we highlight the developments in the financial technology (Fin Tech) world,
and the sudden emergence of regulatory technology (Reg Tech)
As the industry attempts to deal with tough regulations, there is
hope that this new generation of traders, exchanges, banks and
technology firms will carry the derivatives industry on.
A long time ago on a trading
desk far, far away…
Editor, The Trade Derivatives
A new hope