← All arms

Execution

Bidding on, then unwinding, large Fundamentals Arm orders.

Three execution desks compete to provide the tightest market on each Fundamentals Arm order. The winner takes on the position and has to work it out on the exchange.

Whenever a Fundamentals pod wants to trade, it asks every team in the Execution Arm for a simultaneous market. The desks compete to quote the tightest spread that still leaves room to make a profit on the unwind.

The winning desk takes the trade onto its book and is then responsible for unloading it on the exchange as efficiently as possible. The job is execution risk management end to end.