Podcasts

Optimizing Electronification in Fixed Income Trading

Aug. 15, 2023

Guests: Martin Mannion, Managing Director and Co-Head, TD Securities Automated Trading; Matt Schrager, Managing Director and Co-Head, TD Securities Automated Trading; and Jason Wen, Managing Director, US IG Credit Trading, TD Securities

Host: Peter Haynes, Managing Director and Head of Index and Market Structure Research, TD Securities

As automation becomes more prevalent, how has the fixed income market evolved? Listen as Martin Mannion, Matt Schrager and Jason Wen speak with host, Peter Haynes as they look at the rise and benefits of electronic trading, accelerated trends in the credit space and why a hybrid model between human and technology is key to success.

Listen to additional episodes for more perspectives from a variety of thought leaders on key themes influencing markets, industries and the global economy today.

This podcast was originally recorded on August 8, 2023.

Disclaimer

This podcast should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this recording was obtained from publicly available sources, has not been independently verified by TD Securities, may not be current, and TD Securities has no obligation to provide any updates or changes. All price references and market forecasts are as of the date of recording. The views and opinions expressed in this podcast are not necessarily those of TD Securities and may differ from the views and opinions of other departments or divisions of TD Securities and its affiliates. TD Securities is not providing any financial, economic, legal, accounting, or tax advice or recommendations in this podcast. The information contained in this podcast does not constitute investment advice or an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. Neither TD Securities nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed.

Martin Mannion
Managing Director and Co-Head, TD Securities Automated Trading

Biography

Martin co-heads TD Securities Automated Trading (“TDSAT”) along with Matt Schrager. Since 2013, Martin has served as Co-CEO of Headlands Tech Global Markets (subsequently acquired by TD Securities and converted into TDSAT). Prior to this role, Martin was Chief Operating Officer (COO) and Managing Director for Citadel Execution Services, and served as a Board Member for DirectEdge Holdings, EASDAQ, and NYSE Amex. Prior to Citadel, Martin worked in the Transaction Services group at the NASDAQ Stock Market.

Matt Schrager
Managing Director and Co-Head, TD Securities Automated Trading

Biography

Matt co-heads TD Securities Automated Trading (“TDSAT”), overseeing quantitative research and software development for TDSAT’s automated trading businesses. Matt joined Headlands Tech Global Markets (subsequently acquired by TD Securities and converted into TDSAT) in 2015 as a trader and software developer, and over time transitioned into a leadership position focused on quantitative and technical aspects of the business. During his time at TDSAT, Matt has helped architect TDSAT’s pioneering fixed-income automated trading platform, growing the business into a leading liquidity provider in the space.

Jason Wen
Managing Director, US IG Credit Trading, TD Securities

Biography

Jason leads the US IG Credit Trading Business, responsible for growing the existing institutional credit trading business and advancing the partnership with TD Securities Automated Trading's growing algorithmic trading capabilities in credit. He joined TD Securities in 2023 and prior to his role, was a Senior Credit Trader at JPMorgan Securities for 18 years where he was responsible for a wide variety of sectors such as Financials, Healthcare, Industrials, and Basics Materials in addition to developing pricing strategies for the firm's portfolio trading efforts.

Peter Haynes
Managing Director and Head of Index and Market Structure Research, TD Securities

Biography

Peter joined TD Securities in June 1995 and currently leads our Index and Market Structure research team. He also manages some key institutional relationships across the trading floor and hosts two podcast series: one on market structure and one on geopolitics. He started his career at the Toronto Stock Exchange in its index and derivatives marketing department before moving to Credit Lyonnais in Montreal. Peter is a member of S&P’s U.S., Canadian and Global Index Advisory Panels, and spent four years on the Ontario Securities Commission’s Market Structure Advisory Committee.