We started off today’s members meeting with a head trader breakfast where we discussed navigating the new normal and the changing role of the head of desk.

Our members agreed that the role of the head of desk has rapidly evolved over the past few years, as levels of automation continue to increase and more and more execution is handled autonomously. The role has expanded and by extension the purview of the trader. Now there is more of a dedicated focus on alpha generation and data science alongside closer relationships with PMs to inform investment strategy and future trading decisions.

The group also highlighted the need to demonstrate trader value via efficient communication internally, agreeing that there should be one ‘point person’ within the trading team who manages regular communication and feedback with PMs.

What does this mean for you as a head of desk?

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