Spring is a time for new beginnings and that can certainly be said for both the markets and our internal day-to-day here at The TRADE.
Seismic innovations in the way that stocks and shares are trading – namely the extension of equities trading hours to a 24/5 model – look set to come to fruition in the next year. While the US appears bullish with its plans to extend its trading day, the UK and Europe remain reluctant to follow suit.
This Q1 edition explores this and more, with heaps of content to get stuck into. You’ll also find included the long-only results from our Algorithmic Trading Survey, as well as the latest news and moves.
Starring on our cover for this quarter is director of equity trading at Glenmede Investment Management and winner of The TRADE’s Buy-side Market Structure Expert of the Year Award 2024 at Leaders in Trading New York, Melissa Hinmon. Alongside her in this issue’s buy-side line up is a Meet the Desk interview with Fidelity International’s foreign exchange trading desk, and a Q&A interview with Pictet Asset Management’s Jade Beckmann.
As the markets outside of The TRADE’s four walls shift, look within and you’ll find it’s a time for change inside our house also. It’s with a heavy heart that we say goodbye to our long-standing reporter Wesley Bray who leaves us at the end of March to explore a new career path.
Wesley’s contribution to The TRADE over the last four years has been central to our beloved publication’s growth and success and we wish him all the very best for the future. As the saying goes, when one door closes another one opens, so watch this space for a new face joining The TRADE on its beat.
Take a look below for more detail on the Q1 content:
Buy-side cover interview – Building success in a fragmented US
Annabel Smith sits down with Melissa Hinmon, director of equity trading at Glenmede Investment Management and winner of The TRADE’s Buy-side Market Structure Expert of the Year Award at Leaders in Trading New York 2024, to explore her career path thus far, discuss advice for those starting out in the industry, and highlight the standout market structure themes for 2025.
In depth – An un-unified approach to expanding equities trading hours
As the US and Europe continue to take opposing approaches to extending trading hours, Wesley Bray explores what’s encouraging division of thought, arguable benefits and the potential long-term market impact.
Webinar recap – The 2025 outlook: What’s on the innovation horizon
The trading world faces a year of significant transformation driven by extended trading hours, AI adoption, and T+1 settlement. During a recent TRADE webinar, industry leaders discussed key innovations, liquidity concerns, and evolving market structures shaping the future of trading.
Meet the Desk – Fidelity International: Championing individuality in the real money world
Claudia Preece sits down with Fidelity International’s global FX desk – winner of the 2024 Foreign Exchange Trading Desk of the Year – to explore the key ingredients for a successful team, highlighting their focus on well- rounded traders, the importance of a hands-on approach to technology, and plans for further expansion.
The Big Interview – Pictet Asset Management’s Jade Beckmann
Claudia Preece sits down with one of The TRADE’s 2024 Rising Stars and equity trader at Pictet Asset Management, Jade Beckmann, to discuss the dynamic on the firm’s desk, delving into what’s front of mind for the team for the rest of 2025 and unpacking which factors are set to have the biggest impact on traders’ day-to-day life now, and into the future.
In depth – Keeping the APAC door open as Europe moves to T+1
With Europe traditionally trading with APAC markets more than the US – thanks to shared market hours – a symbiotic relationship has emerged, but what does this mean when it comes to the European shift to T+1? CLAUDIA PREECE delves into the real cost of being out of global alignment, the impacts of fragmentation, and the potential for ‘third mover advantage’.
The TRADE’s Algorithmic Trading Survey Long-only 2025: A resurgence driven by innovation and market adaptation
After recent years of stagnation, The TRADE’s Algorithmic Trading Survey records a resurgence of growth, fuelled by innovation in strategy development and implementation, as long-only firms navigate increasingly complex and volatile markets.
Closing bell – A quick farewell
Wesley Bray reflects on his time with The TRADE as he looks to his next chapter.
Read the full issue here.