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Trading Technology

04:25 PM
Leslie Kramer, Contributing Writer
Leslie Kramer, Contributing Writer
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Barclays Global Investors Is Working to Stay on Top of Market Trade Developments

Head trader Mike Sobel explains in which areas Barclays is spending resources and investing time, such as risk analysis.


Barclays Global Investors
Michael Sobel
Head Trader

Barclays Global Investors
45 Fremont Street
San Francisco, CA 94105

Assets under management:

$1.6 trillion.

Fund(s) for which you trade:

There are different strategies that we trade for. The first is the iShares brand of exchange-traded funds. We also have all of our institutional index funds, which cover a broad range of global indices and specialized strategies for clients. We have the Global Active Quantitative Equities Funds, a portfolio of global equity long and short, which is one of our hedge fund offerings. And the last is our Commodities Index Replication offering.

Types of products traded:

U.S. equities, equity derivatives, international equities (including emerging markets), commodities, fixed-income futures and exchange-traded funds.

Daily volume in equities:

More than $1.25 billion.

Structure of trading department:

BGI has a team of 15 full-time traders. Each of those traders is assigned to a primary investment strategy. We have a few other managers on the team here. The first is Ananth Madhavan, who heads up the trading research group globally, and that team is heavily involved in the deployment of our active trading technology and also in building out the infrastructure to do pre- and post-trade analytics in-house. Then we have Richard Tsai, whose primary responsibility is for our U.S. market-neutral trading as well as supervising our global electronic-trading and currency-trading initiatives.

Previous Positions:

Morgan Stanley, Equity Derivatives (1993-1999).

Education:

I have a B.S. in accounting from Binghamton University (State University of N.Y.), class of 1993.

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