Optimising Portfolio Trading
in collaboration with
Drawing together some of the most cutting-edge insights from The Hive community, with a sprinkle of benchmarking and a healthy dose of practical tips.
Portfolio trading has evolved from execution tool to strategic imperative – but members are telling us that optimisation remains an intriguing yet not fully realised opportunity
While PT delivers faster, more efficient execution with certainty of risk transfer by close of play, several desks report weaker subsequent markouts despite strong day-one T-costs. Discover how leading buy-side credit desks are measuring true success, timing trades strategically, and building cleaner baskets to extract optimal value from PT
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Download our brand new Hive Mind guide, for:
- A 5-step practical playbook for PT optimisation – From structured PT vs list testing to time-of-day analysis and basket analytics that flag problematic line items
- Success measurement framework beyond T-cost – Track subsequent day markouts, ETF basis, line-item bite sizes, and dealer performance by sector to build evidence on when PT delivers superior results
- Intra-day timing intelligence – Why liquidity rises after open and into close, how ETF create-redeem constraints affect afternoon execution, and when lists outperform baskets
- Real buy-side mitigation strategies – How leading desks build cleaner baskets, align dealer selection with historical PT performance, and tighten all-or-nothing integrity rules
When time is critical, Portfolio trading is a powerful solution for immediate risk transfer. It is a blunt tool – because the winning counterparty may only be focussed on a limited portion of the basket, however the ability for us to act decisively, outweighs that compromise. Success factors hinge on ETF friendly composition!” –
Shaun Copeman, Senior Credit & Fixed Income Trader, Federated Hermes