Shankar Narayanan | Source | Head of Research at Quantitative Brokers
Shankar Narayanan
Shankar Narayanan leads the quantitative research efforts and team coordination within QB. He has been with QB since 2017. Shankar has around 15 years of industry experience, including several years as a mid-to-high frequency researcher and statistical-arbitrage portfolio manager. Shankar has a Bachelor's in Chemical Engineering from the Indian Institute of Technology, a Master's in Financial Engineering from U.C. Berkeley, and a Ph.D. in Financial Economics from The City University of New York. His doctoral dissertation was on price discovery and market microstructure.
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Quantitative Brokers (https://quantitativebrokers.com/)
Head of Research
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Chaotic Trading in Energy, Metals and Food Spills Into Real World
Wild swings in commodity futures markets complicate business for those who use raw materials and filter into higher prices for consumers. Traders are stepping away from the risky market, creating even more volatility.
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Shankar Narayanan, head of research at Quantitative Brokers LLC, which uses algorithms to trade on behalf of hedge funds, banks and asset managers, said that traders wary of tipping their hands or making big ripples in illiquid markets are slicing up large trades into smaller transactions, which is making it difficult to ascertain prices. Wider gaps between offers to buy and sell have meant more volatility across nearly every commodity, Mr. Narayanan said.
The average size of buy and sell offers in U.S. crude futures, for example, has decreased by 81% from a year ago, to the lowest since 2008, Mr. Narayan has calculated. For U.S. natural-gas futures, the year-over-year decline in quote size has been 62%. Corn-future quotes have shrunk by 75%.
