EVOLVING TRADING DESK
20
“One [route] is where
traders will simply
become button pushers
where algorithms will
completely take over.”
Robert Beddow, head of
trading, Renaissance Asset
Management
19
“I hope to see more end-to-
end user trading through
electronic platforms. This
will be extremely important
in fixed income and repo
trading.”
Jan Mark Van Mill, co-head of
trading,
APG Asset Management
23
“Over the last four years we have gone
from barely trading anything
electronically to 45-50% of our trading
using algos.”
Andrew Black, senior trader, Pioneer Investments
DISRUPTING PROVIDERS
42
“Clearing is the catalyst of our
business; mandatory clearing
helps us, but if there is enough
voluntary clearing and meets
the right characteristics for us
then we will definitely enter
the market.”
Brian Oliver, European head of
institutional sales & relationship
management, Citadel Securities
62
“Start-ups offer innovative
solutions which have been
designed specifically to fill the
gaps in the incumbents’
offerings.”
Ralph Achkar,
director of capital markets, Colt
65
“There is a need for hybrid
systems which can work in
tandem with distributed
systems leveraging new
technologies.”
Hirander Misra, CEO, GMEX Group
56
“For pension funds cleared
contracts are far from ideal. It
implies that they have to hold large
cash buffers.”
Thijs Aaten, managing director for treasury
and trading, APG Asset Management
CLEARING TROUBLES…
42
“Looking at inflation
swaps clearing, the
problem is that it is illiquid, and it would be
difficult to close out in the event of a default.”
Ricky Maloney, business manager for rates and LDI desk,
Old Mutual Global Investors
