Russell Investments Keeps an Eye on Market Globalization and the NYSE's Bid for Euronext

Russell Investments
909 A Street
Tacoma, WA 98402

Assets under management:

$171 billion globally for our fund of funds products and $300 billion for transition management.

Fund(s) for which you trade:

There are two types of flow coming into Russell. One is our major product line, our manager of managers product. We're also executing for our transition management business. Those are external third-party clients that we're transitioning assets for globally.

Types of products traded:

Equities, derivatives, currencies and fixed income.

Daily volume:

$2 billion to $4 billion a day across all business lines. It rotates across all product lines.

Structure of trading department:

We have 20 traders globally responsible for executing all asset classes and markets. Most of the dealing is out of Tacoma. There are four traders stationed physically in London. We were using a model where traders become specialists by country and market. However, a few years ago we started to get away from that model. Now we rotate trading so everyone has exposure to all markets. Certainly there are pros and cons to each. For the specialist model, they do know the market, market micro structure, but by rotating globally we've been able to parlay that experience into a broader understanding of the markets.

Previous Positions:

I started at Russell in 1997 as an assistant trader and worked my way up from there.

Education:

Hillsdale College in Hillsdale, Mich.

I hope that you aren't able to see technology, that we can interact with the market without manipulating technology. I'd rather be involved in the purest form of trading - placing bids and offers - as opposed to figuring different ways to manipulate different technology or phones.