Macquarie
The Macquarie portfolio trading team is located in Hong Kong, Sydney, Tokyo, London, New York, Toronto and Montreal covering all global developed and emerging markets, pre- and post-trade tools, transaction cost analysis reports, execution consultancy, equity, futures, exchange-traded fund (ETF) and depository receipt execution.
By leveraging Macquarie’s agency franchise and high crossing rates, local specialist trading expertise and strong algorithmic and technology platform help to achieve the desired outcome for clients.
Liquidity access
When clients trade with the Macquarie PT desk, they have the ability to interact with the firm’s mix of PT, cash and warrant equity flows, internal markets in various markets and select external lit and dark venues globally.
Client coverage
The firm’s client base falls into four main categories: active long-only managers – using PT for cash flow trades, macro level rebalances, sector and country rotations; index managers – trading cash flow, rebalancing portfolios and index events; quant funds – regular management of model rebalances; and hedge funds – implementing macrocountry- or sector-level exposure.
Pre- and post-trade analytics
Macquarie provides pre-trade analysis on all trades, based on proprietary modelling of market and stock specific impact and timing risk to establish optimal trading strategies. The company’s post-trade analytic suite provides full breakdown of execution performance against primary and a range of secondary benchmarks, providing a full transparency of crossing rates and venue participation at the stock level. Additionally, Macquarie has a dedicated team who will build any type of client specific customised execution or transaction cost analysis reports.
Future plans
Program trading is at the heart of Macquarie’s global execution platform and continues to be a key area of growth and development for the firm. The main focus is the continued expansion the company’s global presence, footprint and coverage in program trading across both the agency and risk space.