Fixed Income US – Technology on the Trading Desk: Digital Week

Fixed Income US – Technology on the Trading Desk: Digital Week

12 May 2021 - 13 May 2021

2:00 pm - 4:00 pm

Zoom – EDT

Meeting description:

PLEASE NOTE THAT THIS MEETING IS IN: EASTERN DAY TIME (EDT).

Individually tailored learning & networking experience for Heads of Trading, Fixed Income, Credit, and Rates from international and local long-only asset managers, hedge funds, pension funds and wealth managers.. 

We will be inviting 40 Fixed Income trading heads based in the US and Canada, keeping the community small enough so you can have relevant and useful discussions, and big enough to ensure a variety of opinions and experiences. Vendor participation on certain tables is exclusively limited to solution providers that have been recommended by our members.

Review the topics of discussion and book now to request to join the discussions!

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Following this acceptance a member of The Finance Hive team will reach out to schedule some time in your diary to understand more of your priorities for the event and send you the calendar invite with all the details you need.

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Your Peer Group Is Your Secret Source – Closed doors, Open minds, Chatham House Rule applies.

Topics of discussion include:

  • Building a best-in-class data infrastructure
  • Standardizing your new issuance process
  • Adding value through a fixed income EMS
  • Methodologies for pre- and post-trade TCA
  • Tapping into enhanced algos, workflows and rules-based execution in Rates
  • Realizing the benefits of low-touch and no-touch credit workflows and execution
  • Enhancing peer-to-peer engagement as price makers and takers
  • Developing an effective strategy for Portfolio Trading

Detailed breakdown of Roundtable topics:

Building a best-in-class centralised data infrastructure: How are buy side heads collecting, organising pulling meaningful
analysis out of their data sets?

  • Harnessing the data you have- What is the most efficient way you can bring all your data sources together to feed your execution decisions?
  • Assessing the key building blocks needed to improve aggregation, build a data lake, and transfer this to the desk for a value add.
  • Data sourcing- How can you extract yourself from current data flows to tap into alternative, more targeted flows?
  • How can you standardise all the data you are receiving so it is easily digestible and usable on the trading desk?
  • How are members combining internal and external data, and setting themselves up for accurate analysis of all these flows to aid their decision making?
  • How can you overcome poor, inaccurate and incomplete data to make it more machine readable and provide better, more firm streams of pricing?

Hosted by: Invesco 

 

Standardizing your new issuance process- What steps can the buy side take to improve the process and reduce the manual
burden on the trading desk?

  • How are different buy side firms setting themselves up internally to improve new issue workflow?
  • How are buy side evaluating the three key new initiatives coming to market and how can they be connected into your workflow?
  • What processes can buy side heads standardize on the desk to make it less time consuming?
  • How can you streamline the communication between traders, analysts and portfolio managers to make the whole process more efficient?
  • How can you connect the dots of data, research and allocation in an efficient manner?
  • How can the buy side collaborate to improve toe offering of new initiatives coming to market?
  • What key reference data fields must you be obtaining from the sell side to meet compliance and give you a more transparent view of markets?

Hosted by: Loomis Sayles & Co.

 

Adding value through a fixed income EMS- A buy side pulse on the current standards and how to make sure you are getting
the most out of your system

  • Incorporating or upgrading your EMS- What are the minimum standards you should be expecting from a modern, agile system?
  • Assessing the merits of a fixed income EMS- How can you ensure you are getting the most out of your system?
  • What is the realistic potential of an EMS to enhance your aggregation, automation and analytical capabilities?
  • In which areas have EMS platforms reduced the workload of traders and enabled them to focus on more high tough areas of the trading workflow?
  • Assessing the key criteria buy side should focus on when selecting and using either an in-house or 3rd party system.
  • Experience sharing of specific protocols through an EMS- What works well and where can improvements be made?

Hosted by: Aglion Capital

 

What makes good TCA? Assessing buy side methodologies for pre- and post-trade TCA, reduced information leakage and
enhanced investment decisions

  • Sharing buy side approaches and benchmarks for fixed income TCA- How are buy side firms tackling this?
  • What are the foundations for a strong pre-trade process?
  • Is it possible to set up a framework to quantify TCA data for fixed income?
  • Pre-trade information, distribution and usage- How can you make the most of your axes and pre trade sources to create better pre-trade trade indications?
  • What is the best way of collecting data and conducting meaningful analysis from this?
  • How are buy side establishing and proving best price?
  • Is one TCA methodology across all fixed income products sufficient or do you need a more tailored approach?

Hosted by: TBC 

 

Tapping into enhanced algos and rules-based execution in Rates- How are buy side heads embracing streaming, algos and
more efficient workflows?

  • Rates automation as a starting point- How have buy side leaders implemented an automation roadmap to set their desk up for future success?
  • How is automation changing the way the buy side trade and execute aspects of their rates workflow?
  • Overcoming fee pressures by becoming more systematic- Where does automation of Fixed Income flow in rates makes sense in 2021 and where needs to retain the human touch?
  • Rates how should you adjust your workflow to integrate automation into your best execution mandates?
  • How are buy side heads taking advantage of the wider availability of APIs and algorithms to embrace automated trading?
  • How are fixed income heads getting buy in from both PMs and their trading team so they embrace fixed income automation?
  • What are the supporting protocols from vendors such as algos and rules-based settings?

Hosted by: TBC 

 

Automating Credit workflows and execution: How are buy side realizing the benefits of low-touch and no-touch from liquidity
aggregation through to trade execution?

  • What is the optimal desk structure to take advantage of multiple automated workflows?
  • What data infrastructure and indices are crucial to enhance your pre-trade price discovery process and improve confidence in your execution?
  • Which workflows can and should be optimised via a low touch, systematic approach to maximise efficiencies on the desk?
  • How are buy side firms setting up workflow automation for axes, portfolio optimisation, liquidity generation and straight through processing?
  • Automating beyond RFQ- How can you automate alternative protocols including all to all and direct streaming?
  • How can you increase the agility of your automation by giving traders more controls on the rules and styles of execution?
  • How can you enable your automation to become more advanced and have the ability to make trade recommendations the human trader was not expecting?
  • Measuring success- What methodologies are buy side heads implementing to measure the success and quality of their automation?

Hosted by: JP Morgan Asset Management

 

Increasing peer-to-peer engagement- Benchmarking strategies to become more active and confident as both price makers
and takers

  • Maximizing liquidity through alternative trading protocols- How can buy side heads increase their abilities on peer-to-peer platforms as both price makers and takers?
  • What steps are buy side heads taking to be more active in all-to-all trading to take advantage of being price makers and takers?
  • How are buy side firms engaging in all-to-all trading as a price maker and how can they increase the reliability of a match and meeting at mid?
  • Where are the realistic gains in access to liquidity, transparency, price discovery and speed of execution?
  • How can buy side help drive forward the development of all-to-all to make it more reliable, and a route to more cost-efficient execution?
  • How can you become more target based when working through an all-to-all platform with the ability to show a price and have the ability to challenge prices when necessary?

Hosted by: Dimensional Fund Advisors

 

Reviewing the use cases, key risks and evolution of Portfolio Trading- How to develop an effective strategy

  • What are the use cases for portfolio trading, what sizes is it optimal for and how many line items should be typical in a portfolio trade?
  • How do buy side heads determine whether to go via a portfolio trade vs list and high touch trading?
  • What does a well-defined portfolio look like?
  • What are the critical regulatory and execution risks you need to monitor when handling portfolio trades?
  • Measuring success: As a dealing desk, should Portfolio Trading form part of your execution strategy, or does evidence show you are better trading line-by-line
  • Improving transparency- How can you maximise your pre- and post-trade analysis on market movements to give you the best chance of a successful portfolio trade?
  • What technologies and solutions can help you better process residual risk?
  • How can you improve the depth and quality of analysis of your portfolio trading execution?
  • How are buy side heads minimising information leakage on client orders and activity when working with vendors?

Hosted by: TBC