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PAIR TRADING:
COLLABORATION IN
FINANCE
EVAN LEYBOURN
Evan Leybourn
Lean / Agile Business Leader and Author
Melbourne, Australia
@eleybourn
http://theagiledirector.com
CLICK TO...
AN AGILE TECHNIQUE TO
IMPROVE THE QUALITY
AND PRODUCTIVITY OF
STOCK TRADING
THIS IS A SIMPLE IDEA
TWO ROLES:
1. DRIVER – WHO TRADES
2. NAVIGATOR – WHO ADVISES
SIMPLE RULES
ROLES SWITCH EVERY
½ - 1 HOUR
SIMPLE RULES
PAIRS SWITCH EVERY
DAY
HARD TO SELL, BUT
MASSIVE INCREASE IN
QUALITY FOR ~15% COST
OVERHEAD
SOME ADVANTAGES
1. HIGHER QUALITY
TRADES
SOME ADVANTAGES
2. SKILLS AND
KNOWLEDGE TRANSFER
SOME ADVANTAGES
3. SHARED KNOWLEDGE
OF INDUSTRY AND
COMPANIES
SOME ADVANTAGES
4. JUSTIFIABLE TRADES
SOME ADVANTAGES
5. RESILIENCE TO
INTERRUPTIONS
PITFALLS AND DISADVANTAGES
1. COSTS MORE IN THE
SHORT TERM
PITFALLS AND DISADVANTAGES
2. A SOCIAL SKILL THAT
TAKES TIME TO LEARN
PITFALLS AND DISADVANTAGES
3. REQUIRES BOTH TO BE
ACTIVELY ENGAGED ALL
THE TIME
PITFALLS AND DISADVANTAGES
4. BONUSES NEED TO BE
SHARED ACROSS THE
TEAM
UNSURE ABOUT THE VALUE OF PAIR TRADING
EXPERIMENT, MEASURE
AND EVALUATE
TO READ THE FULL ARTICLE VISIT:
HTTP://AGILEBUSINESSMANAGEMENT.ORG
CLICK HERE TO DISCOVER MORE
TO LEARN MORE, CHECK OUT
DIRECTING THE AGILE
ORGANISATION
BY EVAN LEYBOURN
AVAILABLE AT AMAZON AND ALL
GOOD BOOK STORES
CL...
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Pair Trading: Collaboration in Finance

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Pair trading* is a technique to improve the productivity and quality of stock trading (or any type of financial trading, e.g. commodities). In pair trading, two traders share a single workstation. The trader at the keyboard (usually called the driver) actively trades, while the second trader (called the observer or navigator) is reviewing, advising, thinking through problems and generally sanity checking the first. These two roles switch on a regular basis (e.g. every 1/2 hour). The pairs also swap partners every day.

Pairing is one of the most valuable techniques you can bring your business, yet it is initially counter intuitive. It is hard to convince management that pairing will do anything but double your costs. In actual fact, most empirical studies show a significant increase in quality for a small (15-20%) cost overhead as compared to individuals working independently.

Veröffentlicht in: Wirtschaft & Finanzen
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Pair Trading: Collaboration in Finance

  1. 1. PAIR TRADING: COLLABORATION IN FINANCE EVAN LEYBOURN
  2. 2. Evan Leybourn Lean / Agile Business Leader and Author Melbourne, Australia @eleybourn http://theagiledirector.com CLICK TO DISCOVER MORE
  3. 3. AN AGILE TECHNIQUE TO IMPROVE THE QUALITY AND PRODUCTIVITY OF STOCK TRADING
  4. 4. THIS IS A SIMPLE IDEA TWO ROLES: 1. DRIVER – WHO TRADES 2. NAVIGATOR – WHO ADVISES
  5. 5. SIMPLE RULES ROLES SWITCH EVERY ½ - 1 HOUR
  6. 6. SIMPLE RULES PAIRS SWITCH EVERY DAY
  7. 7. HARD TO SELL, BUT MASSIVE INCREASE IN QUALITY FOR ~15% COST OVERHEAD
  8. 8. SOME ADVANTAGES 1. HIGHER QUALITY TRADES
  9. 9. SOME ADVANTAGES 2. SKILLS AND KNOWLEDGE TRANSFER
  10. 10. SOME ADVANTAGES 3. SHARED KNOWLEDGE OF INDUSTRY AND COMPANIES
  11. 11. SOME ADVANTAGES 4. JUSTIFIABLE TRADES
  12. 12. SOME ADVANTAGES 5. RESILIENCE TO INTERRUPTIONS
  13. 13. PITFALLS AND DISADVANTAGES 1. COSTS MORE IN THE SHORT TERM
  14. 14. PITFALLS AND DISADVANTAGES 2. A SOCIAL SKILL THAT TAKES TIME TO LEARN
  15. 15. PITFALLS AND DISADVANTAGES 3. REQUIRES BOTH TO BE ACTIVELY ENGAGED ALL THE TIME
  16. 16. PITFALLS AND DISADVANTAGES 4. BONUSES NEED TO BE SHARED ACROSS THE TEAM
  17. 17. UNSURE ABOUT THE VALUE OF PAIR TRADING EXPERIMENT, MEASURE AND EVALUATE
  18. 18. TO READ THE FULL ARTICLE VISIT: HTTP://AGILEBUSINESSMANAGEMENT.ORG CLICK HERE TO DISCOVER MORE
  19. 19. TO LEARN MORE, CHECK OUT DIRECTING THE AGILE ORGANISATION BY EVAN LEYBOURN AVAILABLE AT AMAZON AND ALL GOOD BOOK STORES CLICK HERE TO DISCOVER MORE

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