Trading

Minimizing trading risk, costs and improving trade execution quality

Trading

The Trading team at TRS trades more than $380 billion annually across multiple global asset classes. Our mandate and areas of focus include Implementation and Execution Advisory.

Jaime Llano

Managing Director, Head of Trading

Implementation

We effectively and efficiently implement investment ideas across asset classes. To accomplish this, Trading maintains relationships with the top global broker/dealers. We continuously monitor and update our technology and adapt as necessary, using best practices. We use Transaction Cost Analysis (TCA) to evaluate and constantly improve the quality of our execution. TRS Trading has placed in the first or second quartile versus a peer universe of institutional trading desks for 11 straight years.

Execution Advisory

We collaborate with teams across the Investment Management Division (IMD) to provide execution solutions. This includes assessing the market impact of a trade, providing transition management services between external managers and generating short-term technical analysis to aid in the timing of investments.