The TRADE 63 - Q1 2020 | Page 3

[ E D I T O R I A L ] THETRADE thetradenews.com  Editor HAYLEY MCDOWELL [phone] [email protected] Multimedia Reporter KIAYS KHALIL [phone] [email protected] Advertising Director MARC CAROLISSEN [phone] [email protected] Senior Account Manager MATT ALDRED [phone] [email protected] Head of Operations KAREN DELAHOY [phone] [email protected] Subscriptions [phone] [email protected] Head of Design STEPHAN SLATER [phone] [email protected] Publisher JONATHAN WATKINS [phone] [email protected] Tungsten Publishing 20 Little Britain London, UK EC1A 7DH [phone] © The Trade is owned and produced by Tungsten Publishing Ltd. ©Tungsten Publishing 2020 Although Tungsten Publishing has made every effort to ensure the accuracy of this publication, neither it nor any contributor can accept any legal responsibility whatsoever for consequences that may arise from errors or omissions or any opinions or advice given. This publication is not a substitute for professional advice on a specific transaction. No reproduction allowed without prior permission. A new chapter for The TRADE T he TRADE is delighted to announce that Hayley McDowell has been appointed editor, as we begin an exciting new chapter in the publica- tion’s story. When I imagined sitting down to pen my first editor’s letter, I certainly didn’t expect to be doing so amid a global pandemic. I also hadn’t envisioned compiling it from the comfort of my own home, with a talented new editorial team scattered across London trying to master Zoom, Skype and GoToMeeting in place of networking at the likes of the postponed FIX Trading Conference, TradeTech Europe, and our own proprietary events. No, much like the billions of people around the world, this wasn’t how I imagined the start of 2020. But that doesn’t mean the latest chapter of our own story is not an eventful and exciting one! Like all of you, we’re trying to rise to the challenge here at The TRADE, working remotely, yet tirelessly, to produce the most in-depth and relevant content for this magazine. Fortunately, we have worked hard to produce features throughout the first quarter, and our cover interview with the equity trading desk at T. Rowe Price was carried out just prior to the shut downs which would soon sweep Europe, and indeed London. In keeping with the global unity theme seen throughout the COVID-19 pan- demic, we have writers from throughout Europe and Asia contributing to this edition, along with coverage from the US and interviews with industry experts throughout the world. As we continue to expand here at The TRADE, I’m also thrilled to welcome Kiays Khalil to the editorial team as our new multimedia reporter. He will be focusing on some exciting new digital projects at The TRADE, including a range of video content and the recent launch of our podcasts, which some of you may have already listened to on our website. We’re also excited to be announcing another new reporter here this summer. For me, this new role, new team and the current global situation has given me time to reflect. A lot has changed at The TRADE since I first began report- ing on buy-side trading and trends in market structure. You realise that while some change is bad (global pandemic), other transformation is inevitable - as evident in the new technology and automation that continues to take hold of the buy-side trading desk. The equity execution team at T. Rowe Price, and winners of Trading Desk of the Year at the Leaders in Trading awards ceremo- ny in November, discuss the impact of this in our cover interview on page 28. While it may have been an unexpected start to 2020, and it isn’t quite busi- ness as usual, I would like to take this opportunity to say that I feel privileged to lead The TRADE as it starts this new chapter… Now that’s something I imag- ined saying in my first editor’s letter. Hayley McDowell Editor The TRADE Issue 63 // thetradenews.com // 3