Trader TV
By Hamish McArthur & Dan Barnes
Trader TV Productions was formed in 2017, launching Trader TV that year. The firm is a partnership between Dan Barnes and Hamish McArthur.
Trader TVMar 04, 2024
Spotlight on the ECB, EU stocks, UK Budget and overlooked markets
Podcast with Supriya Menon, head of multi-asset strategy for Europe, the Middle East, and Africa at Wellington Management, discusses how she will be approaching the upcoming week, including how she’ll be preparing for the eagerly anticipated European Central Bank (ECB) interest rate decision on March 7 and dissecting any signals the bank provides on this year’s rate path.
Markets brace for heavy Gilt supply; money market outflows and major upcoming liquidity events
Ed Wicks, global head of trading at Legal & General Investment Management, discusses how his trading desk will be preparing for the week ahead amid the expected heavy Gilt supply (UK government bonds) and the upcoming MSCI index rebalancing.
Despite the liquidity squeeze ‘the only way is up for UK equities’
Podcast with Tim Lucas, UK equity fund manager and research analyst at Newton Investment Management, discusses how his firm navigates the challenging liquidity environment in UK equities and the struggling primary markets.
Eyeing trades amid a struggling Chinese economy and opportunities in Turkish bonds and EM distressed debt
Join us this week on Trader TV where we speak to Nick Eisinger, co-head of emerging markets active fixed income fund at Vanguard, unpacks his views on a struggling Chinese economy and the wider implications on global markets. Despite the growing concerns for the world's second-largest economy, he says it “doesn’t mean there are no trades in China” and discusses where there could be potential for the upside.
Soft landing at risk from escalating war and bracing for the end of ECB’s bond purchase programme
Dan Farrell, senior portfolio manager at Northern Trust Asset Management, warns that hopes of a soft-landing are at risk from being disrupted by the escalating war in the Middle East and advises desks to prepare for some major liquidity events coming up this year.
Following on from a bumper week for data and central bank interest rate decisions, from the Federal Reserve and the Bank of England, Farrell discusses how markets are cautiously optimistic that rates have peaked but says that geopolitical tensions could still hinder the battle against inflation.
Caution needed ahead of central bank decisions and fears of inflation uptick
Podcast with Alex Koutny, head of International Rates at Vanguard, warns that markets should tread cautiously ahead of central banks interest rates decisions as fears grow over reacceleration of inflation.
Koutny discusses how his buy-side desk is positioned ahead of a busy week and how he expects markets to react to the central banks Federal Reserve and Bank of England’s long-anticipated first interest rate decisions of 2024.
This Week: Chasing risk in fixed income; the looming maturity wall and the AT1s comeback
We speak to Sarah Harrison from Allspring Investment Management about the week ahead.
Grappling with market volatility; predicting yields and a pickup in bond issuance
Podcast with Robert Daly, director of fixed income at Glenmede Investment Management, discussing the challenging start to the year across markets and where he is placing his chips going into this week. He also provides his outlook on credit; he predicts where he thinks yields will be in six months, and unpacks why he thinks bond issuance will see a strong pickup this year.
This Week: Taking on risk, early rate cuts, and a second wave for US treasury yields
Join us this week when we speak to Charles-Henry Monchau, chief investment officer at Syz Group, discussing how traders could have a busy week for December standards as they wrap up the year.
What is behind increased use of interest rate and index products?
oin us this week on Trader TV as we speak to Mezhgan Qabool, Eurex and Olivier d'Assier, Axioma, as we take a look at the key drivers of risk in European and Asa Pacific markets this year, and the potential options for investors in order to position their portfolios to manage those risks, we see that interest rate and index products are proving increasingly popular instruments.
Getting onboard APAC's revolution in automated bond trading
Podcast with Laurent Ischi, director for AiEX and Workflow Solutions for APAC at Tradeweb tells us how the trend is spreading and expanding in Asia Pacific, as trading activity in the region's bond markets is being accelerated by hedge funds and asset managers engagement with swaps and cash bonds, alongside greater dealer auto-quoting which allows for more efficient execution.
#GenerationTrader: ‘Growing up with the Gurkhas has shaped my trading skills’
Podcast with Lisa Sherchan, equities trader at Northern Trust, discusses how her background of growing up around the Queen’s Gurkha Engineers, a unit of the British Army, has allowed her to better manage working in a high-pressure environment and shaped her approach to working with her team on the trading desk.
This Week: Central banks decide; defaults Vs downgrades, and unlocking year-end liquidity
Podcast with Manuel Hayes, senior portfolio manager at Insight Investments, talking about how markets could expect some volatility this week as these central banks make their final interest rate decisions for 2023. He also talks through how traders can make the most of a challenging liquidity environment as we come into year-end, he unpacks his views on whether we’re in a default or downgrade regime and discusses what to expect from HY and IG in the new year.
Markets to tread cautiously and prepping for corporate refinancing troubles ahead
Podcast with Francesco Castelli, head of credit strategy at Banor Capital, discusses the liquidity environment going into year-end and his thoughts on the Goldilocks scenario priced into the markets. He also warns of corporate refinancing troubles set to cause problems in the new year and unpacks his adjusted outlook on bank credit.
Recession alarm bells are ringing: How to prepare and what's overlooked
Podcast with Edward Smith, chief investment officer at Rathbones Group, discusses what signals he is focusing on this week and how he's preparing for a long-debated recession to hit global economies with particular concerns that the UK will be struck hardest. He unpacks the firm’s investment strategy, what recession signals he is paying attention to, and what is being overlooked in Q3 earnings.
Adjusting course: Taking on risk; hedging equities Vs rates and leveraging CDSs
Join us this week on Trader TV where we speak to Antoine Marmoiton, trader and analyst at Alken Asset Management, discussing what he and his team are focusing on this week and whether he thinks a recession is just around the corner. He dives into how Alken AM is realigning its strategy going into year-end; he looks at potential hedging opportunities in equities and rates and unpacks why he thinks traders should be paying attention to numbers around HY Cash and CDSs in the US.
Will markets see a misjudgement on inflation this week?
Podcast with Luca Paolini, chief strategist at Pictet Asset Management, flags up the big events this week which might impact investment and trading events , including a misjudgement on inflation; the property market in China; leverage in aspects of the government bond market, and a misalignment of housing data expectations in the US; plus the timing of weakening economic data.
Spotlight on China and Australia, surging government debt and geopolitical risks
Brian Mangwiro, portfolio manager at Barings, discusses important signals out of China and Australia this week and the knock-on effects on global fixed income. He also talks through how he's positioned in terms of US Vs European bonds going into year-end; the implications of the growing volume of government debt, and intensifying geopolitical risks.
Trader TV This Week with Bryn Jones
Join Jo Gallagher on This Week with Trader TV where we talk to Bryn Jones, Head of Fixed Income at Rathbones Investment Management.
Axe data use cases evolve in a push for fixed-income electronification
Podcast with Byron Cooper-Fogarty, chief operating officer at Neptune Networks, discusses the growing use of axe data in varying buy-side workflows and its role in accelerating the electronification of fixed-income markets. He looks at the evolving use cases for axe data not only on the execution desk but also for portfolio construction and management.
Accelerated development of standardized APIs and trading algos are driving fixed-income automation
Podcast with Steve Toland, Co-Founder of TransFICC, discusses the changing face of fixed-income and multi-asset trading desks through the development of standardized APIs; bank user interfaces, and trading algorithms for RFQ negotiations. He also unpacks the limitations of some algos in fixed income and says that there is a long way to go before AI is ready for FI trading applications.
Smart Market Making in a Dynamic Environment
Podcast with Pontus Eriksson of FIS, Alexis Cooper and Stefan Auerweck of Bank of America discussing how a sell-side firm can support its clients across assets, in both complex and vanilla instruments, in order to provide investors with the best possible outcome when generating returns in an environment characterised by inflation, central bank responses, and volatile corporate market.
PanAgora dissects equities amid earnings; US politics and debt, and the struggling deal market
Podcast with Jonathan Birtwell, head of trading and portfolio implementation team at PanAgora Asset Management, discusses opportunities and risks in equities, amid a big week for Q3 earnings and widespread political uncertainty. He also unpacks his views on where the US Vs Europe is at in the rates cycle, his projections for Q4 relative to seasonal patterns, and his expectations for the remaining deal calendar.
Building agility into the trading desk
Podcast with Andrea Pirino and Greg Cooper of valantic FSA outlining the challenges that face sell-side trading desks in the current market environment, and the optimal way to develop trading technology in order to overcome these challenges.
Machine learning can find the most efficient way to trade a bond
Podcast with Gio Accurso, senior research analyst at MarketAxess, explaining how the path from better data is creating efficiency on the trading desk for investment managers.
Repo markets met with pressure to electronify and adapt to a higher rates environment
Podcast with Tim Martins at MTS discusses the pressure on both sides of the aisle to create better visibility of repo data between the dealers and the buy side. He also unpacks the need for the sell side to adapt to the higher central bank rates environment and the demand to electronify workflows in repo trading.
Spotlight on earnings, mispriced illiquid credit, defaults and tactical entry points
Join Jo Gallagher on Trader TV This Week where we speak update you on the week ahead and have a chat with Sarah Harrison, Senior Portfolio Manager at Allspring Global Investments.
Brace for volatility, illiquidity in credit, and risks in e-commerce and EM valuations
Podcast with Orlando Gemes, founder, and chief investment officer at Fairwater Capital, provides his views on what to expect from the credit and equities markets this week and urges desks to prepare for upcoming volatility. He also discusses the new issue market; where we might see illiquidity in credit; Fairwater’s approach to the e-commerce sector and convertible bonds, and the ongoing turmoil in global real estate.
Prepare for volatility; Chinese Golden Week, IPO normality, and an equities rally
Join us this week on Trader TV when we speak to Stuart Lawrence, head of UK equity trading at UBS Asset Management, on how traders should anticipate a pick up in realised volatility this week. He also unpacks the impact of the Chinese Golden Week on markets; his view on what to expect from the primary markets going forward, his outlook on equities for Q4 and a potential rally before end of year.
Building better liquidity with Bloomberg Bridge
Podcast with Katharine Furber, global head of emerging markets trading, and Paul Kaplan global head of credit, equities, TRS and price transparency at Bloomberg, telling us how a mix of tools - including Bloomberg Bridge, Sort Best, BVAL and Portfolio trading - is being used to optimise access to liquidity and pricing, in emerging and developed markets for buy- and sell-side trading desks.
The value in data-driven FX trading
Podcast with Pierre Jonathan and Alex Nowak of J.P. Morgan updating us on recent strategy in FX markets and market structural changes, the impact these have on price construction and hedging decisions along with interplay between sales and trading which then supports and optimises client pricing.
Crucially, dealers need to ensure they are fully testing both pricing and algo capabilities in order to get clients best execution in the market and via internalisation.
Growing fears amid strike actions, reshoring, and opportunities in emerging markets
Join Jo Gallagher on Trader TV This Week with Luke Hickmore, investment director at Abrdn, discussing the main issues trading desks should be focusing on this week, including his house views on the so-called “mountain top” profile for interest rates. He also unpacks the growing concerns amid strike actions seen in the US and UK; the risks behind the reshoring of manufacturing taking place globally and some of the overlooked opportunities in emerging markets.
European derivatives market is ripe for innovation and growth
Podcast with Philipp Schultze, head of equities and index sales EMEA at Eurex, talks about how the European derivatives market has seen significant changes over the last five years and has huge potential for further innovation, particularly in lowering the barrier to entry to listed markets for both institutional and retail traders.
Speaking ahead of his panel discussion at this year’s Derivatives Forum Amsterdam on September 26, Philipp discusses the work that needs to be done to evolve the derivatives space and how Europe is uniquely positioned to drive that growth.
Rising concerns over US debt, UK uncertainty, and a refinancing shake-up in Japan
Join Jo Gallagher on this week with Trader TV as we speak to Ben Ashby, chief investment officer at Henderson Rowe, discussing how trading desks should be thinking about the mounting concerns over the growing US Federal Government deficit.
Optimising trading efficiency on the sell-side trading desk
Podcast with Andrea Pirino and Greg Cooper of valantic FSA talking about the pressure to do more with less - in a compliant manner - will require sell-side desks to develop 'power-users' of technology in order to optimise the way their technology is developed and applied, efficiently.
Andrea and Greg look at best practice for dealers in optimising their workflow and developing a rapid response to challenging and changeable market conditions.
A new wave of bond issuance; EU Vs. US credit and the knock-on effects of China
Join us this week on Trader TV as we speak to Sarang Kulkarni, senior portfolio manager at Vanguard, discusses how traders should prepare for the week ahead in anticipation of an uptick in bond issuance. He also unpacks the risks of mispricing the US slowdown; he gives his take on EU Vs. US credit and talks through the knock-on effects of ongoing weaknesses in Chinese manufacturing.
Prepare for volatile inflation data, risks in cyclicals, and US / Chinese frictions
Join us this week on Trader TV where we speak to Arun Sai, senior multi-asset strategist at Pictet Asset Management, discussing how trading desks should prepare for volatility in the US’s disinflation journey and his take on the European Central’s rate decision this week. He also walks us through vulnerabilities in the equities market, risks in High Yield, and the impact of US and Chinese frictions.
Volatility Triggers, CCC Rallies and Opportunities in HY ETFs
Join us this week on Trader TV where we speak to Manuel Hayes, senior portfolio manager at Insight Investment, discussing potential volatility triggers for the upcoming week and what to expect. He also unpacks his views on how CCCs in corporate credit are performing; where his trading team is finding opportunities in HY ETFs and his take on the future of portfolio trading.
LatAm sees growing demand for e-trading and access to international markets
Latin American markets have their own unique set of challenges when it comes to gaining access to better pricing in fixed income and connecting local and international markets.
Michael Baptista, head of emerging market dealer sales and Maria Calderon, head of LatAm sales at MarketAxess unpack the changes they are seeing across LatAm in electronic trading, block trading, and the growing appetite for bond traders on the continent to have better access to on- and offshore liquidity pools.
Spotlight on Jackson Hole; opportunities in interest rate volatility and EU bonds
Join Jo Gallagher on Trader TV This Week where we speak to Noah Wise, senior portfolio manager at Allspring Global Investments as he unpacks what trading desks and investors should take from this week’s US Fed meeting; how to capitalize on the recent interest rate volatility, and where his traders are finding hedging opportunities in European bonds.
Exploiting opportunities: High volatility, AI buzz, and the BoE's rate decision
Join us this week on Trader TV as we speak to Paul Markham, head of global equities at Newton Investments and discuss how traders could capitalize on the seasonal low volume and highly volatile environment. Paul unpacks his view on opportunities in the AI / semi-conductor space, the Chinese real estate market and the danger of the Bank of England being overly aggressive in their interest rate move this week.
Exploiting opportunities: High volatility, AI buzz, and the BoE rate decision
Join Jo Gallagher on This Week with Trader TV as we discusss exploiting opportunities, high volatility, AI buzz, and the BoE rate decision.
JP Morgan: Unpacking the liquidity challenges in fixed income and breaking down trading siloes
Podcast with Eddie Wen from JP Morgan where he unpacks how the bank is embracing the push to electronification in fixed income to better serve trading desks by developing new forms of data analytics, integrating trader workflows, and promoting economies of scale by breaking down siloes between varying asset classes.
Dissecting the Fed, Commercial Real Estate Risks, and EU Credit
Art DeGaetano, CIO and founder of Bramshill Investments, discusses how trading desks should direct their attention this week as markets are pricing in further interest hikes from the US and European central banks. DeGaetano also unpacks his less conventional take on regional bank risk to commercial real estate; he talks about where to find overlooked opportunities and his view of the European credit markets.
The mounting pressure on trader productivity
Podcast with Vicky Sanders from OpenFin where she talks through the operational strain and margin pressures on trading desks to become more efficient and improve productivity. She discusses the value of using solutions like OpenFin Workspace to create customizable workflows, which tie a variety of applications together and make them interoperable on the desktop.
Tapping the accelerating trajectory of change in fixed income markets
Podcast with Carl James, head of fixed income, global markets group and S&P Global Market Intelligence on how he believes trading desks will be able to collapse certain workflows and processes, substantially increasing efficiency and effectiveness of the desk in the issuance space.
Trading behaviour is reflecting market and macro dynamics
Join us as we talk to Mike Sobel and Jason Quinn of Trumid on how they have seen market activity changing, and what impact this has had on their users' trading styles.
As trading activity in fixed income markets has shifted in the sizes and numbers of tickets traded, notional volumes and counterparty activity, so traders have needed to engage with one another differently. Matching the right protocols to the optimal way of transferring risk requires access to supportive and effective platforms.
Markets Brace for Wave of Issuance, Earnings Volatility, and Summer Illiquidity
Join us on Trader TV This Week where we talk to Ryan Horan, IG / HY corporate bond trader at American Century Investments, discussing the challenging liquidity environment traders are facing and how desks should approach this week amid a new wave of bond issuance, a fresh batch of earnings, and the fall in market participation. He also unpacks his bullish views in some in potentially undervalued subsectors.
US Treasuries Surge while Fears Amid Financials, Chemicals Sector, and UK Gilts
This week on Trader TV we speak to Peter Baden, chief investment officer at Genoa Asset Management, discussing the buy side's house view on trading fixed income following the weakening US labour market; the potential return of banking turmoil; and the risks to look ouf for in the chemicals sector and UK Gilts.
End-of-week Volatility, UK Thames Water Crisis, and Stock-Specific Risks
Join Jo Gallagher on Trader TV This Week where we talk to Phil Milburn, co-head of the global fixed income team at Liontrust, to discuss how trading desks should prepare for this week with expected volatility in the US, and in Europe and the UK, we look at how to approach the Thames Water Crisis, the threat of contagion risks to other securities, and stock-specific risks.