The TRADE Derivatives
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D E R I V A T I V E S Women bullish
on futures and options
Businesses throughout the financial industry are expected to embrace
and celebrate diversity in the workplace. Thankfully, they are obliging
and we are seeing more equality within senior roles in the capital
markets. It is becoming the status quo for women to start a career in
financial services companies and move on to more senior roles.
However on the eve of International Women’s Day in March this
year, the image of a statue of a girl in front of Wall Street’s well-known bronze charging bull sent a clear message to the industry:
more needs to be done.
The image was a way of calling attention to the lack of gender
diversity on corporate boards and the pay gap of women working in
financial services compared to their male counterparts.
Even in some areas of the derivatives industry, particularly in the
investment and risk-taking side of the business, there is a lack of female representation. But there are a group of influential women that
are leading the charge.
After all, BlackRock, the world’s largest asset manager, recently
named Supurna VedBrat as its new head of global trading. Arguably,
she now controls one of the top trading desks in global financial markets, and is now leading the way in buy-side trading (p. 12).
Citadel Securities, one of the fastest growing and largest non-bank
market makers, hired Nicola White from Morgan Stanley last year to
boost its electronic trading capabilities in fixed income (p. 28).
And at some of the top global exchanges, clearing houses, and
technology vendors, these juggernauts are now being led by women
This issue showcases those women in charge throughout the derivatives industry, and looks to highlight the hurdles in overcoming the
We also round up the main talking points from The TRADE Derivative’s Future of Post Trade event, where speakers from BlackRock,
Aviva Investors and Old Mutual shared their thoughts on the battle
for euro swaps clearing, the onset of regulated collateral management, and the challenges with MiFID II trade reporting. (p. 68).
There are large scale changes coming to the derivatives industry.
Whether it is internal changes, or infrastructure
changes, looking back is not an option.