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Growth Team Weekly Investment Insights
Following a break, we’re excited to resume our Growth Team insights series. In this post, we check on the macroeconomic data driving markets so far in 2025.
Trading Viewpoints: Tick Tock, How to Trade the Clock
Our embedded traders work alongside portfolio managers and analysts to constantly assess market structures, liquidity and execution. These functions seek to help enable operational alpha by reducing risks, minimizing transaction costs and taking advantage of price differentials. To support our analysis, we gather and evaluate uniquely curated datasets. Below is the outcome of one such analysis:
Transaction costs in foreign exchange can be a significant drag on emerging markets debt portfolios if not carefully managed. As a result, foreign exchange trade execution strategy becomes a vital component of such portfolios. One key decision in minimizing transaction costs is determining the optimal time of day for execution. Unlike exchange-traded markets, the foreign exchange market operates 24 hours a day without official opening or closing times, making timing decisions dependent on the analysis of transaction costs.
Trading Viewpoints: A Little Skew Goes a Long Way
Our embedded traders work alongside portfolio managers and analysts to constantly assess market structures, liquidity and execution. These functions seek to help enable operational alpha by reducing risks, minimizing transaction costs and taking advantage of price differentials. To support our analysis, we gather and evaluate uniquely curated datasets. Below is the outcome of one such analysis:
The rise of electronic trading in liquid foreign exchange markets has brought significant benefits to asset managers, including enhanced price discovery, faster trading execution, and improved trade processing efficiency. However, one often overlooked advantage is the benefit of skewed prices offered by liquidity providers. We aimed to quantify the value of this skew and assess its impact on emerging market currencies.