Off The Desk On Tradeweb Trading Revolution: Transforming Markets with Automation
Sep 14, 2024
Stefan Helber, Team Lead for Rates and FX Trading at DWS Group, shares insights on how automation is revolutionizing fixed income markets. He discusses the journey from skepticism to acceptance of automation in trading, highlighting operational efficiencies and reduced costs. The conversation draws parallels between trading automation and autopilot systems, stressing the need for human oversight in volatile conditions. Helber also explores the significance of data analytics and collaboration with tech partners to enhance trading strategies and workflows.
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Early Automation Nerves
- Stefan Helber shares an early nervousness experience when first switching on automation for trading German government bonds. - That initial hesitation faded as automation proved reliable, improving efficiency and confidence among traders.
Open Dialogue Builds Trust
- Conduct open-door sessions to educate stakeholders about automation and address concerns early. - Emphasize safety measures and a controlled rollout to gain trust and ease adoption.
Automation Cuts Costs & Boosts Efficiency
- Automation can reduce transaction costs by efficiently handling multiple RFQs in parallel with consistency. - It also handles slower but aggressive pricing better than manual list execution can.