Managing Gamma and Vega: Practical and Customizable Frameworks for Volatility Trading
Webinar Replay: Move from manual delta-hedging to scalable, systematic volatility execution.
The practical challenge
Bridging the gap between Volatility theory and live execution
For professional desks in Asia’s fast-moving markets, the bottleneck is rarely the “view” it is the implementation.
Translating volatility views into delta-controlled positions often requires a taxing combination of fragmented systems and manual intervention. As portfolios grow, these manual processes hit a capacity wall, leading to execution path dependency and unintended directional risk.
This webinar focuses on volatility as a process and implementation question. We will explore how to structure hedged exposure to isolate Gamma and Vega while reducing the operational load on the desk.
Agenda
- The Scalability Constraint: Analyzing how manual position management limits bandwidth and consistency for specialized desks (Delta One, Options, Algos).
- Design-Led Exposure: Moving from trading instruments to trading Exposure Profiles, concentrating risk in volatility rather than direction.
- The HVO/HVS Framework: A deep dive into Hedged Volatility Orders and Spreads to automate the “heavy lifting” of delta neutrality.
- Portfolio-Level Management: Extending the framework to baskets, index components, and correlated assets.
- Live Implementation Demo: A technical walkthrough of structuring, hedging, and scaling volatility positions in real-time.
Features demonstration
Systems in Action
The session concludes with a live demonstration of Hedged Volatility Orders (HVO) and Hedged Volatility Spreads (HVS) in the Horizon Trading Solution environment.
Who should attend?
- Heads of Trading & Technology: Seeking to improve desk efficiency and institutionalize execution workflows.
- Derivatives Traders: Looking for better tools to manage complex structured product exposure (e.g., Warrants).
- Quant & Algo Traders: Interested in the systematic handling of path-dependent volatility positions.
