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Originally published: August 2007
Original link:
http://www.advancedtrading.com/galleries/showGallery.jhtml?galleryID=18
ING Investment Management's equities trading
operation has gone through a transformation over the past two years since
Nanette Buziak, head equity trader, took the helm. When Buziak joined ING,
she was charged with consolidating the firm's two trading floors — one in
Hartford, Conn., and the other in New York. The result is an eight-seat
trading desk and equities investment operation that handles trading for
$60 billion in domestic and international equities pictured in this photo
gallery. The consolidated floor is located on Park Avenue in Manhattan.
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ING Investment Management's eight-seat
equities trading desk is based in New York City and led by Nanette
Buziak, its head equities trader. |
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To trade equities, ING uses the Charles River Order Management
System (left screens), and the trading desk is in the process of upgrading to
version 8. The middle left screens show Reuters data, and the middle right
screens show Bloomberg. The far right screens show news from Streetaccount,
another news and data service. ING's U.S. desk use Reuters and Bloomberg as
their main data sources. Equity traders access many dark pools including
Liquidnet, Pipeline and Posit for anonymous block trading. As for algorithms,
traders use ITG's algos as well as algos from most of the major bulge bracket
firms.
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Equities Trading Workstation
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 ING upgraded its trading turrets in November deploying IPC's
IQ/MAX.
"We looked at going strictly with IP (Internet Protocol) technology,"
says Martin Ratajczak, telecommunications manager at ING Investment
Management Americas. The simplest function they wanted was a caller ID
function. "MAX provides a caller ID function so the traders are able
to scroll and see inbound and outbound telephone numbers," he says.
ING upgraded from a 15-year IPC TradeNet system, an entirely analog
device.
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Equities Trading Workstation
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Domestic Equities Desk
ING Investment Management does not use an
execution management system. |
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Tom Genkinger, A Senior Trader, ING
Genkinger trades healthcare stocks and
backs up the international trading desk. |
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NG's international traders trade stocks in 45 countries for
N.Y.-based PMs. The firm operates using a passbook scenario —
meaning the N.Y. desk will trade stocks in the N.Y. time zone (such
as Latin America and the U.S.) on behalf of ING's portfolio managers
in The Hague, the firm's headquarters. International trading shifts
are split — the early shift is 4 a.m. to 2 p.m., which is why some
of the workstations are empty as these traders have ended their
shift.
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ING International Trading Workstations
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International Trading Workstation-ING
International traders use FIX to route
orders to their brokers. They also use the Charles River Order
Management System as well as market data sources Bloomberg and
Reuters. ING traders do not use dark pools for international equity
trading. |
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Thus, portfolio managers, analysts and compliance
officers sit in the same room as the traders. She explains, "We need
communications on what's driving a trading decision, as that helps us do our
job. If we know there is urgency in an order, or there might be news coming out
after the close that might affect the stock — if we don't get an immediate hit
in natural liquidity, we know we need to get more aggressive."
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Around the
Desk
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Two years ago, when the Hartford trading desk was
consolidated with the New York City desk and the floor
was reorganized, Head Equity Trader Nanette Buziak
decided to keep the whole equities team on the same
floor to strengthen communications among them. |
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Analysts and PMs Surrounding the Trading
Desk
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Bloomberg Screen
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Domestic Trading Workstation
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Bloomberg Charts
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Equities Workstation at ING |
See other exchanges and trading
floors:
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