Peter is the Head of Institutional at Ascot Securities and has over 38 years of experience in Australian equity markets. He has held senior roles with other ASX participants including Hambros, El & C Baillieu, Ord Minnett and Instinet. Peter is also a Master of SAA.

Question: What does an average day look like for you?

Peter: I am responsible for a small team of senior market professionals providing broking and advisory services to a range of institutional clients who manage both long and short funds.

The day starts early as we process new economic and market data from around the world and narrow it all down to specific trading opportunities for our clients. We use cutting edge analysis software that is proprietary to aaig, of which our business is a part, and then apply our market experience and judgment to make convictions calls on where to trade.

At Ascot we focus on absolute return and we are completely benchmark agnostic.  We scan the entire market, make sense of the myriad data points, and recommend only true alpha generating positions on individual companies. In the current reporting season, we have scored a 70% success rate on our directional calls.

Question: What are the key challenges facing your business?

Peter:  Our business continues to grow, so the main challenge is finding the right individuals to join our business. We are very careful about who we hire. Our team is small but very skilled, experienced and high impact. That’s our business model. It’s a good problem to have.

Question: What are your priorities for 2019?

Peter: The main priority is to start marketing our Introducing Broker service through our Integrated Trading Platform. We opened our first account with ASRW last year and completed all necessary internal testing. We have everything in place to get started and are merely waiting for the timetable set by the ASX to roll around so we can formally transition ASRW. This will happen in the third Quarter of 2019. After that we will market the service more broadly.

Disclaimer:

This article has been prepared by the Australian Stock Report Pty Ltd (AFSL: 301 682. ABN: 94 106 863 978)

(“ASR”). ASR is part of Amalgamated Australian Investment Group Limited (AAIG) (ABN: 81 140 208 288 Level 13, 130 Pitt Street, Sydney NSW 2000).

This article is provided for informational purpose only and does not purport to contain all matters relevant to any particular investment or financial instrument. Any market commentary in this communication is not intended to constitute “research” as defined by applicable regulations. Whilst information published on or accessed via this website is believed to be reliable, as far as permitted by law, we make no representations as to its ongoing availability, accuracy or completeness. Any quotes or prices used herein are current at the time of preparation. This document and its contents are proprietary information and products of our firm and may not be reproduced or otherwise disseminated in whole or in part without our written consent unless required to by judicial or administrative proceeding. The ultimate decision to proceed with any transaction rests solely with you. We are not acting as your advisor in relation to any information contained herein. Any projections are estimates only and may not be realised in the future.

ASR has no position in any of the stocks mentioned.

November 4, 2019