Economics of the Trade and Creative Problem Solving
The economics of the trade have changed significantly over the past 10 years, resulting in a need for more flexibility and creativity in generating returns. The market continues to evolve to changing needs across counterparts, adoption of new regulations, and the changing resource envelope. Capital, liquidity, and counterpart concentration limits require both borrowers and agent lenders to find ways to optimize financial resources. Whether it be CCPs, peer to peer, equity collateral, synthetics, or the decrease in special demand, the industry must think differently about ways of trading and interacting with the market. The hedge fund industry is also adapting its strategies as a result. How does that impact industry returns? In addition, the market has seen unexpected market events, such as the recent GameStop phenomenon, which have indirect impacts on our market. Join us to explore these topics and dive into the potential collateral damage of these recent events.
Moderator: Brooke Gillman, Managing Director, eSecLending
Panelists: Bogdan Fleschiu, Executive Director, J.P. Morgan
Jarrod Polseno, Managing Director, State Street
Nehal Udeshi, Managing Director, Goldman Sachs
Mark Whipple, Global Head of Securities Lending, Invesco