The State of Capital Markets Post COVID-19: Major Paradigm Shifts​

The State of Capital Markets Post COVID-19: Major Paradigm Shifts

The role of trading and risk management of capital markets is often put to the test during the worst of circumstances. Following the financial crisis of 2008, regulations were put in place to reign in counterparty credit risks and market disturbances were a normal occurrence, however no event has challenged the market to the extent of the novel Coronavirus.

Because the pandemic has unleashed havoc on all facets of the securities industry, between July 1 and September 1, 2020 Audrey Costabile Blater, Senior Research Analyst at Aite Group interviewed 30 market participants from 20 responding firms, representing executives from banks, asset managers, hedge funds, exchanges, and consultants, to capture insights into the potential impact of the COVID-19 pandemic within capital markets.

In this webinar Blater unveiled the key finds of her research, and join Numerix Chief Strategy Officer, Satyam Kancharla and Numerix CMO, James Jockle in a discussion where they examined insights, offer reaction and commentary across several areas including:

• The changing front-office technology mindset
• Evolving middle-office solutions and practices, including stress testing
• Performance of risk management procedures and models during COVID-19
• The accelerated adoption of cloud or Software as-a-Service (SaaS)-based platforms
• The stability and effectiveness of post-crisis reforms
• Changes in worldview and perception over the next 12 to 18 months

Featured Speakers:

Audrey Costabile Blater, Senior Research Analyst, Aite Group

Audrey Blater, Ph.D., is a senior research analyst who supports Aite Group’s Institutional Securities & Investment group’s efforts, focusing on fixed income, foreign exchange, listed and OTC derivatives, and risk management research. Her work spans technological developments, industry trends, and market structure as well as the impact of financial regulations. Ms. Blater brings to Aite Group over 18 years of financial markets experience. Most recently, she served as the director of research for the International Swaps and Derivatives Association (ISDA). During her tenure at ISDA, she led the association’s research effort to communicate public policy goals and derivatives industry trends to ISDA’s membership, the regulatory community, and other stakeholders through public speaking engagements and written research, including thought leadership pieces, white papers, and commentaries. Ms. Blater was also a senior applied researcher for MSCI Inc., where she worked with sales professionals to engage clients and prospects through in-person meetings and written research related to multiple-asset-class market risk. She authored several papers focusing on enterprise risk management, stress testing, and expected shortfall, drawing from the market knowledge she gained as a fixed income analyst and trader working for AQR Capital Management, a Greenwich, Connecticut-based quantitative hedge fund. Ms. Blater holds an M.A. and a Ph.D. in Economics from Fordham University as well as a B.B.A. from Iona College. Her thesis, China’s New Millennium Financial Liberalization Programs: Economic Risks to the Chinese Retail Investor has been presented and discussed at multiple forums.

Satyam Kancharla, Chief Strategy Officer & Executive Vice President, Client Solutions Group, Numerix

Mr. Kancharla, as Chief Strategy Officer and Executive Vice President, is responsible for corporate strategy and currently heads the Client Solutions Group at Numerix. This group is responsible for Product Management, Financial Engineering and Business Analysis. Prior to this, he has served in various roles in Quantitative Software Development, Financial Engineering and Client Services at Numerix. Before transferring to Numerix in New York City, he was the CTO for Numerix Japan LLC in Tokyo, heading the Pre-Sales and Financial Engineering teams for Asia.

Prior to joining Numerix in 2003, Mr. Kancharla also worked with Merrill Lynch and GE Capital in Quantitative Finance and Product Development roles.He holds an MBA degree from New York University’s Stern School of Business, an MSc degree in Applied Statistics and Informatics from Indian Institute of Technology, Bombay and a BScin Mathematics and Computers from the University of Mumbai.

Moderator: James Jockle, Chief Marketing Officer & Executive Vice President, Numerix

As Chief Marketing Officer and Executive Vice President of Global Marketing & Corporate Communications, Mr. Jockle leads the company’s global marketing and corporate communications efforts, spanning a diverse set of solutions and audiences. He oversees integrated marketing communications to clients in the largest global financial markets and to the Numerix partner network through the company's branding, electronic marketing, research, events, public relations, advertising and relationship marketing.

Since joining Numerix in 2008, Mr. Jockle has launched the organization’s award-winning thought leadership program, bringing to light challenges and insights from Numerix market experts. Mr. Jockle also hosts the Numerix Video Blog to tackle the challenges pressing the derivatives markets—from regulatory issues to trading strategies.

Prior to joining Numerix, he served as Managing Director of Global Marketing and Communications for Fitch Ratings. During his tenure at Fitch, Mr. Jockle built the firm’s public relations program, oversaw investor relations and led marketing and communications plans for several acquisitions. Prior to Fitch, Mr. Jockle was a member of the communications team at Moody's Investors Service.