Barclays Appoints Asita Anche as Head of Cross-Asset Quantitative Trading

Barclays, a London based investment bank and financial service firm, has hired Asita Anche as its new Head of Cross-Asset Quantitative Trading Quantitative Trading Quantitative trading is defined as a type of market strategy that relies on mathematical and statistical models to both identify and execute opportunities. Also known as quant trading, this strategy uses models that are driven by quantitative analysis, as well as advanced research and measurement to strip complex patterns of behavior into numerical values.Of note, quantitative trading eschews qualitative analysis, which evaluates opportunities based on subjective factors such as management exper Quantitative trading is defined as a type of market strategy that relies on mathematical and statistical models to both identify and execute opportunities. Also known as quant trading, this strategy uses models that are driven by quantitative analysis, as well as advanced research and measurement to strip complex patterns of behavior into numerical values.Of note, quantitative trading eschews qualitative analysis, which evaluates opportunities based on subjective factors such as management exper Read this Term. Anche worked as a trader at Goldman Sachs for nearly seven years, from July 2010.

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Anche will assume her new position with Barclays in July, said a source close to the matter. The financial service company has commented that its selective hiring process is all part of the investment bank’s endeavors to enhance revenues. This push is being lead by Tim Thorsby, the new head of Barclays International, which includes the investment bank.

Asita Anche, who has yet to announce her career move on her LinkedIn page, has held a few executive positions such as Managing Director at High Frequency Trading between 2009 and 2010. Including this role, she had worked for this company for six years. Anche has a master’s degree in Computer Science from the University of Illinois at Urbana-Champaign, where she studied between 2002 and 2004.

In addition to Anche’s hiring, Barclays recently hired Chris Leonard, who is the founder of hedge fund Arcem Capital, as the leader of U.S. interest rate trading.

In further Barclays news, employee Christopher Ashton was recently blacklisted for life by the U.S. Federal Reserve for his part in the chatroom "the Cartel", where bank traders allegedly colluded to manipulate Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term related rates. The fine against him was set at $1.2 million.