Austin is having a moment right now and Lisa Dallmer is part of the wave of new arrivals to the Texas state capital. She recently relocated from New York City to take the role of Global Chief Operating Officer at Dimensional Fund Advisors, where she runs finance, operations, and technology for the $637 billion asset manager….
It was supposed to be a quiet trading day in the U.S. that could easily be handled through post-Thanksgiving drowsiness. Instead, news spread Thursday night of an ominous new coronavirus variant, and traders braced for widespread losses on Black Friday. In a rush of adrenaline that recalled the dark days of March 2020, Craig Erlam, a senior market analyst at currency trading and data firm Oanda, had to jettison his plans.
The pandemic has accelerated a set of trends in equity trading that have been playing out for over a decade. As a result, some are calling time on the role of the sales trader. Yet this role, if redefined, actually offers more value than ever. At the height of pandemic volatility, brokers were struggling to replicate the dealing floor environment at home, and their risk traders were pulling back from capital commitment in the face of uncertainty. At the same time, the liquidity and trading environment has become increasingly bifurcated between electronic and high-touch trading channels.
HSBC’s former global head of FX eDistribution and Distribution platforms has left the bank after nearly two decades to join JP Morgan in a digital markets sales role. Earlier this month, Lee Butler joined JP Morgan, based in London, as its head of sales foundational products as part of the bank’s sales product team in its digital markets’ division which looks after all digital products used by its global sales personel.