The TRADE 61 - Q3 2019 | Page 45

[ I N T E R V I E W ethnic and cultural diversity resulted in a 33% increase in per- formance. It’s not just diversity in gen- der, race, ethnicity and cultural background. Studies show that employees from companies which are diverse in both inherent and acquired diversity (traits you gain from life and work experiences) are 45% more likely to report a growth in market share over the previous year and 70% more likely to report the firm captured a new market. The basic way of how this works is that one utilises the wisdom of the crowd. A team with very specific diverse experiences, per- spectives and skill sets will have a measurably enhanced ability to make better informed decisions. In asset management this can then lead to creating better models, which, in turn, enables better trading and investment decisions. It’s also one of the key factors | S T E F A N I E H O LT Z E - J E N ] which makes a winning team. The FX markets are moved by a wide range of macro-economic indica- tors and there is no one factor that is statistically relevant enough to single-handedly explain or predict its movements. It’s actually very important to be able to iden- tify what the various drivers are and where these chang- es are likely to be headed. Having a wide range of different views means you are together better able to assess potential risks and rewards when entering positions in the FX market. And the more diverse you are, by defi- nition, the more ability you have to make sure you have covered the whole range of angles and not excluded anything because you haven’t been trained to look at it or an unconscious bias prevented you from considering a different outcome. Issue 61 // TheTradeNews.com // 45