“ Being versed in technology advancements , the ability to use algos and analytics , and combining this with an understanding of sensitivity of pricing is important .”
[ B I G I N T E R V I E W | L A U R A - J A N E P U R N E L L ]
in regions or time zones that offer the best liquidity , which translates into competitive pricing for our clients . We also have a systematic trading desk which executes low touch flow electronically , utilising increasingly sophisticated technology . This trend is mirrored on the sell-side , where banks have developed their own algos for low-touch bond trading , creating instant risk transfer . This electronification of trading flow allows our high touch desk , which I sit on , to focus on alpha generating activities .
In this context , technology and automation has made our decision making smarter . We can execute multiple trades simultaneously using smarter tools , freeing up time for our high touch desk to handle larger and more complex transactions . This has resulted in greater efficiency on the desk , greater sophistication of trading and importantly , it has improved both our pre- and post-trade analysis .
“ Being versed in technology advancements , the ability to use algos and analytics , and combining this with an understanding of sensitivity of pricing is important .”
How does BlackRock navigate shifting liquidity supply and demand dynamics ? As the liquidity landscape continues to evolve , we are constantly assessing our global trading platform infrastructure and execution capabilities . Currently our workflow is optimised for scale , delivering performance through efficiencies and risk control . As we look to the future , we envision an increasingly networked trading platform and ecosystem . One which is fluid with respect to information flow , delivers real-time liquidity , and creates alpha opportunities to benefit our clients . In this networked environment , buy- and sell-side interact seamlessly , with sell-side dealers remaining fundamental to our trading activity .
What tools are required to make this all-to-all network environment ? As mentioned , we are continuously looking for opportunities to enhance trading efficiency . As we navigate a more networked environment , the continued evolution of Aladdin , which is our centralised global platform for our trading and investment management process , remains key . Aladdin enables us to manage trade orders efficiently through a centralised dashboard , it creates direct market access via integration with execution platforms and sell-side dealers , trading analytics , and multi-portfolio functionality such as crossing which allows us to internalise some of our trading flow and minimise market footprint and transaction costs for our clients .
How do you navigate being a working mother ? What more needs to be done to encourage a suitable work / life balance for parents in general ? Returning to work as a first-time mother last year was certainly challenging , and I believe resilience , a positive mindset , and a supportive environment , were all key to my personal journey . Prior to returning , I proactively leant on my employee networks , which helped guide important childcare decisions , alleviated concerns and provided comfort , and importantly an ongoing supportive environment once back at work . There ' s no silver bullet or single strategy , but I believe flexibility is key . It ' s something I didn ’ t necessarily appreciate before having children , but at BlackRock , we have a flexible working environment for all employees , which provides not only the option to work from home one day a week , but also flexible time off . This has been invaluable for me when balancing work and childcare commitments , and I believe critical for firms to think about , especially with respect to female talent retention .
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