NEW YORK, June 17, 2015 /PRNewswire-USNewswire/ -- During a recent event, Women in Derivatives (WIND), a nonprofit organization focused on the development of female leaders, facilitated a discussion to identify market trends and key challenges in the rapidly changing investment environment.
The June 11 panel discussion, Navigating the New Investing Landscape: Market Trends and Practitioner Perspectives, was moderated by Sandra Rocks, Counsel at Cleary Gottlieb. The event was hosted by Credit Suisse and Cleary Gottlieb and panelists included a range of senior industry representatives:
- Grace J Koo, Managing Director, Investment Banking, Equity Derivatives Investor Product Solutions, Credit Suisse
- Alexander Evis, Managing Director, Securities Division, Goldman Sachs
- Sonja Gibbs, Director, Capital Markets and Emerging Markets Policy, Institute of International Finance
- Jessica Rossello, Trader, Vanguard
During the discussion, Alexander Evis highlighted concerns regarding the accessibility of capital. "The challenge we face is the decline in the amount and diversity of capital available to provide liquidity in some fixed income instruments relative to the size of the markets," he explained.
Grace Koo added "In today's regulatory environment, it is incumbent upon banks to create products and solutions that have risk profiles that are capital efficient, without compromising the economics or rationale of the trade."
"While low rates and abundant central bank liquidity are still masking the problem, there is growing concern about secondary bond market liquidity across the spectrum – global corporate, high-yield and even government bond markets," Sonja Gibbs cautioned. "Going forward, this illiquidity is likely to add greater volatility to the process of normalizing U.S. rates."
Jessica Rossello discussed efforts to increase transparency and address liquidity concerns. "Buy side firms are migrating to electronic trading platforms to take advantage of market transparency as well as exploring newer sources of liquidity through MAC swaps and order books," she stated.
For more information regarding the event, please contact Kristin Boggiano, President of Women in Derivatives at [email protected], 212-518-9721.
About Women in Derivatives
Women in Derivatives (WIND) is a nonprofit organization established in 2007. Its core mission is to attract, retain, educate and develop female leaders in the derivatives industry. It provides targeted channels for education, mentoring and sponsorship, leveraging senior leaders within its organization. Participants include people in trading, sales, law, economics, marketing, research, academia, government, operations and technology. For information on how to become a member, please see http://womeninderivatives.org/membership/become-a-member/.
SOURCE Women in Derivatives