Hot 100: Mike Bellaro, Deutsche Asset and Wealth Management

As we continue our celebration of buy-side traders ahead of the release of the Hot 100 handbook, we profile Deutsche's Mike Bellaro.
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Bellaro started his career running international trading for Scudder, Stevens and Clark.

The company ran one of the first teams trading Korean, Argentine and Brazilian funds and was among the first – along with George Soros – to be trading Asia in live time from the US.

When Deutsche took over in 2002, it became one of the first movers in electronic trading in the US, using it to “optimise efficiency and reduce market impact” and became one of the first teams to have no human intervention at all.

Since 2010, Bellaro has been based in Frankfurt, his mission to build a “best in class” trading platform.

But technology isn’t enough, says Bellaro, as you need a first class team if you want to be a leader in electronic training.

Since going to Frankfurt, Bellaro has focused on bringing back liquidity strategies and the the best ways to achieve the results his clients expect. As a result, his team has done more block trading in the past year than the previous five, he says.

“We are bringing back the art of block trading which is a response to current market structure changes and anticipating what the future of trading will look like.

“Some large banks – as well as smaller firms – may disengage from research and some could pull out of equity trading altogether,” he says.

“We are entering into the most significant amount of change we have ever seen.”

Bellaro sees himself as something of a visionary, by playing an active role in groups like the Plato Partnership, “to proactively determine what – the future market structure looks like for the greater good of the market and our investors.”