[ M E E T T H E D E S K | N I N E T Y O N E ]
a year and a half at Aviva Investors as a credit trader and for five years at Vanguard as a fixed income trader . Wood now trades the credit side of things at Ninety One across regions and also supports the local rates and FX traders on the desk .
For him , it is the correlation between real world events and the markets that drew him to his role in finance in the first place . The changing stance of the US Federal Reserve when it comes to interest rates
and the looming election , paired with the Bank of Japan ’ s decision to raise rates , is just one topic that has kept traders busy as of late .
“ It ’ s impossible to be involved in the markets without paying attention to developments in the US . However , Japan ’ s current situation is particularly significant , as they ’ re [ The Bank of Japan ] one of the few central banks raising rates while others are cutting ,” says Wood .
“ This has broad implications , as demonstrated recently when the Nikkei dropped over 12 % in a single trading session , affecting volatility and liquidity for weeks . This context is crucial for our dayto-day operations . If a portfolio manager wants to execute a trade days after such an event , they need to understand that liquidity may be reduced , and they must be confident in their strategy if they ’ re willing to pay more in the bid-offer spread .”
One of the newer members
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