WHAT WE DO
TEMPTRADER.COM provides temporary trading and execution staff when you need them.
If you need to cover holiday absence, staff illness, or even a longer period such as maternity cover we help by providing FCA registered dealing personnel.
It always better if we plan for a controlled handover but in an emergency we can have reliable and registered staff on-site in 4 hours or less.
TEMPTRADER.COM allows asset managers to maintain in house trading functionality at a point where it might otherwise become impractical or uneconomic.
We understand that in this era of increased technology usage and tightening budget constraints it is normal for in house trading and execution functions to run staffing leaner in order to control costs.
This makes sense until the point where you find yourself unable to cope due to a staff absence which leads to a critical shortage of capacity.
Some asset managers consider outsourcing trading to alleviate this kind of issue, others fear “the street” knowing about the existence of their order before it is executed. We understand that outsourcing can work for some firms but others believe that the execution of the portfolio manager’s instructions should remain within the asset management firm.
In short many prefer their execution to be “in house” so that they can keep an eye on it, but “in house” used to mean having spare capacity and that’s expensive
TEMPTRADER.COM engages with you contractually to provide in house FCA registered staff to operate your systems for however many days you need. We maintain their FCA registration and ensure their CPD is up to date. We register them to your firm while they work for you.
Culturally this is important, because they are in your firm, working to your firms’ standards.
TEMPTRADER.COM supports the desire for “in house” capacity by helping to control the costs by allowing you to run your in house execution desk at a prudently tight level of staffing while demonstrating a credible contingency plan to cover staffing shortages.
Regulators and potential investors often look for credible contingency planning when undertaking their due diligence. A contract with TEMPTRADER.COM which provides reassurance at the trading desk level is, therefore, both valuable and inexpensive.