RPMI Railpen has announced plans to internalise its trading desk, which is expected to be operational over the summer.
Railpen - which manages £31bn of assets on behalf of the railway pension schemes - said the move follows substantial growth in Railpen s trading activity over the past few years.
As part of the move, Tom O Kelly has joined Railpen as head trader reporting to investment director Rachit Sharma, who oversees Railpen s execution arrangements. O Kelly has a strong background in multi-asset trading, having spent 11 years at Dalton Strategic Partnership, followed by periods at Balyasny Asset Management and, most recently, Santander Asset Management.
Get Your Game On, Powell Stumbles, Greatness Awaits, Sizing Up Friday Let s see what, if any, impact the February labor market data have on the markets.
Mar 05, 2021 | 07:31 AM EST
Glory
I got to my desk here on Friday morning at 03:30. Not early. Not late. Usual time.
For the first half hour or so, I try not to even look at social media or anything like that. For 30 minutes I just absorb as much data, read as much opinion, think about what I am trying to do, and drain my first cup of coffee. By 4 a.m. all my trading systems are up, my emails read, and I am pretty much ready to rock.
5 Chip Stocks to Consider as Markets Tumble While chip stocks have outperformed in recent months, some still look intriguing as tech stocks in general sell off this week.
Mar 05, 2021 | 06:30 AM EST
With markets in a take-no-prisoners mood towards tech stocks (or close to it), some chip developers and equipment makers are starting to look more appealing.
It wouldn t surprise me if tech sees more selling pressure before a bottom arrives. Many (though not all) growth stocks are still pretty expensive; both margin debt and ARK fund redemptions could drive a lot of forced selling; and Jerome Powell s Thursday remarks didn t do anything to calm investor nerves about inflation and bond yields.
March 04, 2021
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Investors with a short-term horizon can buy the stock of Thirumalai Chemicals at current levels. The stock surged 6.3 per cent accompanied by extraordinary volume on Thursday, breaking above a key long-term resistance at ₹100 which was also psychological resistance levels.
Since the stock recorded a 52-week low at ₹31.5 in March 2020, it has been in an intermediate to long-term uptrend, forming higher highs and higher lows. In November 2020, the stock breached a key resistance at ₹80 and continued to trend upwards.
However, the stock had met with a resistance at ₹118 in early December and witnessed a near-term corrective fall. Key support at ₹90 had provided base for the stock in January this year and the stock gradually continued to trend upwards.