April 2025 saw huge spikes in volatility as the Trump administration announced its global tariff agenda. Paris Pender, head of portfolio and macro credit trading at Trumid, speaks to Trader TV about the growing trends in portfolio trading and its overall adoption, whereby desks are using the protocol for not only managing risk but executing tactical trades, and profit-taking opportunities during the highly volatile month.
Pender discusses the growing appetite he is seeing for the protocol across buy and sell-side strategies; how traders’ approach to PT trading has evolved in recent years; and what to expect in terms of the protocol’s trajectory of growth and innovations in pricing analytics.