Prior to agentic assistants this stuff spiraled into unfathomable complexity very fast.
It still might, we shall see.
From The Trade, September 18:
The ideal strategy is one focused on allowing expert knowledge to scale across multiple asset classes, without diluting core competencies, argued Schroders’ Gordon Noonan, speaking at the TradetechFX conference in Barcelona on Wednesday.
For Gordon Noonan, head of FX trading – London at Schroders, a multi-asset approach to foreign exchange execution is not just effective, but essential.
Across capital markets, specialisation remains key to many strategies across the street, however, Noonan argues that there are real gains to be won from a holistic approach to a desk.
When questioned as to whether dealer relationship management presents a challenge for the multi-asset approach given that the perception is that specialised desks are often more successful at maintaining counterparty connections, Noonan conceded that it was of course a valid point.
Noonan explained that an integrated approach is the ideal path forward, wherein work is being calibrated by experts in the background.
“You’re never going to get to a point where the team is super multi-asset and everyone’s a five out of 10. We would never come up with that.
“[…] In my world, how I visualise the desk is that I’m the FX guy but I will be able to pick up rates, I’ll be able to pick up credit etc. but it will have been calibrated by someone else who are experts in the area.”He added that the strategy should be focused on allowing expert knowledge to scale across multiple asset classes, without diluting core competencies.
When further probed as to whether he would outsource the FX business management at his form, Noonan was firm, asserting that there is more value in keeping this inhouse.....
....MUCH MORE
