Our CEO had the opportunity to be in Singapore last week at the EQDerivatives, Inc conference. He was quoted as saying:

“The conference brought together asset allocators, investments managers, liquidity providers and financial institutions where they provided interesting panel discussions and perspectives on risk, market structure, supply and demand dynamics and some of the intra-market challenges that exist. Very topical that the content was expanded to incorporate commodity derivative markets.”

We thank all the presenters, sponsors, partners and team at EQD who have made this a world class event for participants in the derivatives market.

We are looking forward to EQD Asia 2024 conference!

Our CEO, Stephen Howard, joined the DBS Investment Lunch: Assessing Market Trends and Fund Strategies in Central Hong Kong earlier this week.

Big thanks to Clara Chow, CESGA® from Preqin for describing the 2023 hedge fund landscape for the performance returns by strategy and asset class.

The panel (Ortwin Gierhake, Alvin Fan and Benjamin Wong) shared some really interesting insights on fund raising as they discussed the latest market trends and offered expert opinions on fund raising and fund formation structures. Critical takeaway, its all about flexibility and delivering a client solution.

Many thanks to DBS Bank for organising such an insightful lunch, to their partner sponsors, and to every who joined in this timely discussion.

fundraising #hedgefunds #asianhedgefunds #markettrends

Last week, our CEO had the opportunity to join Bloomberg for their insightful session on “Investing Strategy Amidst Inflation, Recession Scares, and Policy Change.” The timing couldn’t have been better, considering the myriad challenges that investors were contending with.

A big thank you to Bloomberg for hosting such a valuable discussion, and to everyone who participated and engaged in this important conversation. Looking forward to discussion with the team from Bloomberg like this in the future!

Our heartfelt and best wishes are with you and your family throughout this New Year. Wishing you prosperity and happiness from all of us at Howard Trading. Kung Hei Fat Choi!

With 2021 coming to a close, and having been full of challenges for everyone, we want to send our best wishes to all of you. We hope 2022 brings greater opportunities and success for you, your family and your business. From all of us at Howard Trading Limited, Wishing you a very Happy New Year!

May you and your family have a safe and joyous celebration this Christmas!

Our warmest greetings to all of you from Howard Trading Limited!

In 2021 we’ve continued our internship programme broadening our candidate reach further afield. Successful candidates complete a bespoke three week project on a topical area within financial markets, developing analytical, communication, markets, organisational, presentation, report writing and teamwork skills.

Congratulations to our first US based intern, Brandon Rudolph who completed our May-June Remote Internship completing a report on Path Dependant products within the Exchange Traded Fund Market. 

Wishing both Brandon the best with his studies at the Cleveland’s Case Western University. Again, well done.

Our previous interns have gone on to work in Credit & Equity Derivatives roles within top tier investment banks.  If you are a high quality candidate, enjoy challenges and are looking for a financial markets internship during 2021 please reach out to our recruiting team at “recruiting@howard-trading.com“

Over-levered. With the news over the weekend that Bill Hwang’s Archegos Capital Management investments in Baidu, Discovery, Fartech, Shopify, Tencent Music Entertainment, GSX Techedu, iQiyi Inc, VIPShop and ViacomCBS were liquidated by their prime brokers all eyes are how this happened.

JPMorgan’s Kian Abouhossein wrote that the losses may range between $5billion and $10billion for the banks trading with Archegos.

In the coming weeks, we will no doubt see more information presented to the broader investment community, however, so much leverage could be extended to one institution and what triggered the fire-sale process to de-risk will be the focus of intense scrutiny. We suspect regulation is coming down the pipe, we hope this is driven by transparency and not outlawing products per se. Expect to see a re-pricing of risk from the prime brokers in the coming weeks and months as they reassess how they price, trade and risk manage this previously perceived low-risk business.

Our CEO, Stephen Howard, was interviewed by the Wall St Journal online overnight on the topic of Total Return Equity Swaps. To read the full article, visit The Wall Street Journal:

https://www.wsj.com/articles/what-is-a-total-return-swap-and-how-did-archegos-capital-use-it-11617125839

Our CEO, Stephen Howard, participated in a Clubhouse Discussion within the “Asymmetric Returns in Investing” room this morning.

Led by Geoffrey Chen and Kay Van-Peterson, the discussion revolved around portfolio construction, understanding risk appetite, how derivatives can be used to support portfolio optimisation to better manage risks and investment positioning.

Commenting on the discussion, “…Clubhouse is a fantastic medium to have a closed-form, deep-dive discussion into a topic. The two interviewers did an excellent job of shaping the landscape and helping to draw insights and observations. Interesting that we had participation from Japan, Hong Kong, Singapore, Europe and the US – truly a global platform.”

Our heartfelt and best wishes are with you and your family throughout this New Year. Wishing you prosperity and happiness from all of us at Howard Trading. Kung Hei Fat Choi!