Former Nordea manager to revolutionize trading

Miles Kumaresan’s career took a giant leap when he left his job as global head of trading at Nordea Asset Management to start a new company. Today, London-based Wave Labs, with a small team based in his old hometown of Bergen, is expected to make big changes in fixed income trading.

Photo: Pr

When Miles Kumaresan was Global Head of Trading at Nordea Asset Management, he saw that it was quite easy to optimize trading costs in most asset classes by using statistical models and technology. But he also saw how difficult it was to optimize trading costs in fixed income due to the market structure of the fixed income market.

“While other asset classes have become liquidity driven, fixed income, however, has remained intermediary-driven due to the intricate properties of this instrument class. Electronification in fixed income is not straight forward. It is not linear. This is evident in several failed attempts over the decades,” Kumaresan tells AMWatch. 

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Why do Nordic funds have so few female portfolio managers?

Only 16 percent of fund managers in Sweden are women. The figure is 11 percent in Finland, while just 6 percent of fund managers in Denmark and Norway are female. AMWatch has talked to four Nordic women in finance in search of answers regarding this imbalance and to hear about their career experiences. 

Further reading

Trial banner

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch