Streamlining Execution: Automated Trading on Buy Side Equity Desks

During Summer 2020 The Finance Hive brought together a select group of buy side equity head traders interested in discussing how their firms were embracing automation. Although they differed in the extent to which automation was a feature of their existing workflow and execution, they were united in their appetite to learn, share experiences and brainstorm on expectations as to the next steps.

While the atmosphere was mainly optimistic, and participants at all levels of the automation spectrum were keen to understand and identify opportunities where it might be able to make their workflow or execution more efficient and cost effective; there was also some  concern expressed as to what the future role of the buy side trader might look like. Automation was ultimately seen as an enabler – but only to those who could be  dynamic enough to embrace evolving responsibilities and grow their skill sets.

This report summarises the conversations, conclusions drawn and the key takeaways from the buy side to take back to their desks.

The group agreed that you need at least 1000-2000 data samples per day to be able to draw meaningful conclusions – and even then, there needs to be an element of randomness to be able to remove the inherent trader bias you will find in your sample.

To read more, download the report to view the full findings.

Thanks to our recommended partner for moderating the discussion:

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