The TRADE Magazine, Summer 2019

John runs through what you can find in the latest issue of The TRADE, now available to read online.

OutcThe latest issue of The TRADE is now available to read online, so regardless if you’re off on holiday or still in the office, dive into all the best content from the Summer 2019 issue:

Buy-side cover interview – Since joining Royal London Asset Management in early 2018, the firm’s head of dealing, Cathy Gibson, has been busy establishing and running a new centralised trading desk. Gibson talks to John Brazier about building a desk on the foundation of diversity in the face of increasing market complexity and evolving trading conditions.

The big interview – James Baugh, head of EMEA equities market structure at Citigroup, talks to The TRADE about the impact MiFID II has had on European market structures, the changing relationship between the buy- and sell-sides, and what further regulatory changes may be in store.

Buy-side interview – The TRADE talks to Alison Hollingshead, chief of staff for trading platform & core tech at Man Group, about the importance of diversity to the financial industry and how the firm is taking a proactive approach to this challenge.

Timeline: The first 500 days of MiFID II – The TRADE presents a comprehensive timeline of the major incidents, developments, statistics and talking points that have occurred during the first 500 days of the MiFID II regulatory regime, a milestone that occurred on 18 May 2019, including data delays, the rise of periodic auctions and systematic internalisers, and inevitable demands.

Outsourced trading: The future of the buy-side desk? – With an increasing number of buy-side firms turning to outsourced trading providers in recent years, Hayley McDowell finds out how providers really operate and differ from agency brokers, and examines what benefits opting for outsourced execution can offer to the asset management industry.

Embracing artificial intelligence for the buy-side – The increasing use of artificial intelligence and machine learning systems among buy-side firms is in danger of creating a hype bubble. The TRADE examines where asset managers are currently using these technologies to optimise their trading strategies and what pitfalls firms must avoid to (eventually) foster a harmonious trading between man and machine.

The fixed income desk in 2019 – Chris Hall talks to four leading fixed income heads of trading desks around the world to gauge the state of the fixed income markets in 2019, covering the biggest opportunities and challenges for asset managers, how the relationship with the sell-side and vendors has evolved, and what new skills are required on a successful desk.

The 2019 algorithmic trading survey (hedge fund) – Brokers are stepping up to the plate in the post-MIFID II landscape to provide consistent execution to long-only buy-side firms that are more knowledgeable and discerning than ever before.

Hayley’s comment – Facebook’s foray into finance