Yiyang Huang iSAM Securities · Trading Solutions
Trading Solutions · iSAM Securities

Understanding
the Business.
Understanding
the Role.

My understanding of iSAM Securities is that the trading desk sits at the intersection of client flow, proprietary technology, automated pricing, inventory and hedging, research, risk and P&L ownership.
Electronic Market Making FX & Precious Metals Client Flow P&L Ownership Pricing Configuration Inventory & Hedging Weekend Liquidity
TradingOperate · Monitor · Improve
Client
Flow
Bid / Ask
Pricing
P&L &
Risk
Research &
AI
Pricing
Config
01 · Self Introduction

Quantitative roots. Market-facing ambition.

Finance + technology + production systems → electronic trading.

Background

  • Sichuan University · Financial Engineering
  • Duke University · Financial Technology
  • ARC Capital · Quant Research

Current → Next

  • Trading data · Python / SQL · production investigation
  • Move closer to pricing, execution, risk and P&L
  • Build a long-term career in electronic trading
02 · Company Understanding

Two businesses. One systematic DNA.

My understanding of where iSAM Securities comes from — and where it is going.

iSAM Funds

  • Buy-side systematic investing
  • Capital deployment & portfolio returns
  • Quantitative research-driven

iSAM Securities

  • Sell-side electronic liquidity provision
  • FX / precious metals / evolving 24×7 capability
  • Pricing, execution, flow, inventory and client service
PoP / STPAgency execution
AggregationLiquidity management
Proprietary PricingPrice curation
Retail MMInternalisation
Institutional MMInventory + flow
Weekend / 24×7Next growth edge
03 · Team Collaboration

Different strengths. One trading lifecycle.

The role works across research, technology, trading and client context.
01

Quant Developers

  • Build proprietary systems
  • Trading infrastructure
  • Production reliability
02

Quant Traders / Researchers

  • Mathematical models
  • Pricing logic
  • Research & calibration
03

Trading Solutions

  • Operate & optimise live pricing
  • Inventory / hedging / P&L
  • Issue triage & research
04

Sales / Clients / LPs

  • Client context & flow
  • Liquidity relationships
  • Feedback into pricing
ONE BOOK · ONE P&L · GLOBAL PORTFOLIO OPTIMISATION
04 · Role Business Model

Understand the flow. Price the risk. Improve the economics.

Client FlowWho · when · size · direction
→
Automated PricingSpread · size · skew · config
→
InternalisationOffset flow · manage inventory
→
Hedging / LPsLiquidity · execution · risk transfer
→
Research / P&LLearn · adjust · optimise

Good Execution ≠ Tightest Spread

  • Fill quality
  • Latency & rejection
  • Market impact
  • Flow suitability

P&L Down? Ask Why.

  • Flow change
  • Inventory / hedging
  • Execution / LP behaviour
  • Pricing / parameters
05 · Working Style

High standards. Open communication. Real ownership.

Operate

  • Understand the live system
  • Know what the config changes
  • Own the book context

Triage

  • Investigate before reacting
  • Use Python / SQL / KDB
  • Escalate with context

Research

  • Use quieter time well
  • Flow / P&L / pricing analysis
  • AI as an accelerator

Communicate

  • Clients
  • LPs
  • Quant / Dev / Global Trading
Weekend coverage: not simply a shift — part of the build-out toward reliable 24×7 liquidity.
WHY ME
Smart
Hardworking
Multidisciplinary / Hybrid
Passionate
Resilient
Yiyang Huang · iSAM Securities · Trading Solutions