Financial Engineering Practitioners Seminar: Edith Mandel
Date: September 28, 2015 from 6:00 pm to 7:30 pm EDT
Location: Davis Auditorium, CEPSR Building
Contact: For further information regarding this event, please contact IEOR Department by sending email to info@ieor.columbia.edu .
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Title: Quantitative Trading in Fixed Income

Abstract: We start with the overview of the interest rate market, identifying the specifics, and how they affect the choices of models used for relative-value trading, market-making, risk-management and algorithmic execution. We highlight the inadequacy of equity-centric algorithms and why plug-and-play approach does not lead to continued success in fixed income trading.

In the second part of the talk, we focus on the recent changes in the fixed-income market, as it's slowly but surely transitions towards greater automation and transparency.

Bio: As a principal at Greenwich Street Advisors, LLC, Edith advises both established participants in the Fixed Income market and those companies considering opportunities for expansion. As an expert in the Fixed Income market, Edith evaluates the opportunity cost, advises on trading infrastructure build-out, electronic and quantitative trading, alpha research and algorithmic execution. 

Prior to starting her own advisory firm this year, Edith Mandel was the head of Fixed Income Mid-Frequency Trading at KCG (formerly GETCO). While there, she spearheaded a development of a new quantitative and systematic business within the Fixed Income group.

Edith started her career at Goldman Sachs in 1996, where she held a number of positions in the Fixed Income division. As a Managing Director, Edith ran a team of quantitative desk strategists responsible for US Rates trading.

Prior to joining KCG in 2011, Edith Mandel worked at Citadel for 3 years as a Managing Director, Head of Fixed Income Quantitative Research. There she was instrumental to a significant revamp and expansion of the Fixed-Income Asset Management business.