Michael Mollemans

Michael Mollemans

Michael is a Senior Analyst at TABB Group, with over 25 years of trading and research experience, across 5 countries.  Before joining TABB Group, he was Head of Sales Trading Asia Pacific at Pavilion Global Markets and Head of Electronic Trading (Advanced Execution Services) at Credit Suisse Securities Japan. Prior to that, Michael was Head …
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Personal Summary

Michael is a Senior Analyst at TABB Group, with over 25 years of trading and research experience, across 5 countries.  Before joining TABB Group, he was Head of Sales Trading Asia Pacific at Pavilion Global Markets and Head of Electronic Trading (Advanced Execution Services) at Credit Suisse Securities Japan. Prior to that, Michael was Head of Electronic Trading Sales for Daiwa Capital Markets America in New York and Electronic Sales Trader at Credit Lyonnais Securities in Japan and New York. Michael has a PhD in Econometrics, is a Chartered Financial Analyst (CFA), a Chartered Market Technician (CMT). Over the past ten years, Michael has been a regular guest speaker at trading technology conferences and lecturer of electronic trading courses.

He started his career as an investment banking analyst at the Development Bank of Singapore (DBS) in 1995. There he worked with the research team to analyze deals across the Asia Pacific. After a few years, DBS expatriated him to Thailand to work on bank and financial firm acquisitions. He later established and managed an equity research unit for newly formed DBS Thai Danu Securities with a small team of analysts covering the top fifty Stock Exchange of Thailand listed stocks. After three years in Bangkok, he moved to Tokyo to learn Japanese, continue his studies in financial markets and begin the next chapter in his career.

When algorithmic trading was just starting to make a name for itself around 2000-2001, which is when Michael began his electronic trading career in Tokyo with Credit Lyonnais Securities Japan. He initially focused on providing high frequency and algorithmic trading services to U.S. hedge funds trading Japanese equities. After a few years in Tokyo, Michael moved to New York to establish and manage the electronic trading unit for Credit Lyonnais Securities America. There, he built out the high frequency and algorithmic trading services for the U.S. markets and supported many of the same hedge fund clients the firm many of the same U.S. hedge funds the firm handled in Japan.

He joined Daiwa Securities America in New York as Head of Electronic Trading Sales and, once again, established and managed the electronic trading unit, with a focus on high frequency and algorithmic trading services for U.S. markets. In 2005, regulation national market system (Reg NMS) started while maker/taker price offerings became increasingly competitive, which put smart order routing strategies into the limelight.

Michael returned to Tokyo to join Credit Suisse Securities Japan as Head of Electronic Trading (Advanced Execution Services). Credit Suisse’s dark pool, Crossfinder, was a focus as it had leading market share among the dark pools in Japan. Customizing algorithms and making the algorithms interact with dark liquidity in a more efficient manner was another focus.

He later moved to Montreal and joined Pavilion Global Markets as Head of Sales Trading, Asia Pacific. He traded all the Asian markets from Japan to India for the global quantitative trading clients and transition management unit of the firm. There, he used a variety of broker algorithm suites, interacted with all dark liquidity venues and used several different execution management systems (EMS). Later, he was made Head of Global Market Structure & Analytics to provide market structure transaction cost analytics services for clients. Currently, Michael is Senior Analyst at TABB Group.

Michael’s research work started in 2002 with a paper titled “convertible bond announcement effect in Japan” and “credit rating announcement effect in Japan.” More recently, he published three articles in the Global Trading Journal titled “best execution and the electronification of high touch trading,” “high touch algos,” and “the road ahead in transition management.” He also produced a “global markets trading performance analytics & microstructure” and “trend vs peer universe transaction cost analytics” reports.

Michael’s guest speaker experience over the past ten years covers topics including “smart venue analytics,” “next-generation TCA,” “real-time analytics,” “optimizing dark pool strategies,” “balancing automation with human elements of trading,” “algos & dark pools,” “extremely low latency.” Lecturer experience includes a “2-day course, algorithmic trading & dark pools,” “2-day course, gaining liquidity and best execution,” and “institutional sales trading.”

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