34 n THE TRADE HO T 100 n www.thetradenews.com
n HOT 100
Bellaro started his career running international trading for Scudder, Stevens and Clark.
The company ran one of the first teams trading Korean, Argentine and
Brazilian funds and was among the first – along with George Soros – to be
trading Asia from the US in live time.
When Deutsche took over in 2002, it became one of the first movers
in electronic trading in the US, using it to “optimise efficiency and reduce
market impact” and became one of the first teams to have no human
intervention at all.
Since 2010, Bellaro has been based in Frankfurt, his mission to build a
“best in class” trading platform.
But technology isn’t enough, says Bellaro, as you need a first class
team if you want to be a leader in electronic training.
Since going to Frankfurt, Bellaro has focused on bringing back liquidity
strategies and the the best ways to achieve the results his clients expect.
As a result, his team has done more block trading in the past year than the
previous five, he says.
“We are bringing back the art of block trading which is a response to
current market structure changes and anticipating what the future of trad-
ing will look like.
“Some large banks – as well as smaller firms – may disengage from
research and some could pull out of equity trading altogether,” he
“We are entering into the most significant amount of change we have
Bellaro sees himself as something of a visionary, by playing an active
role in groups like the Plato Partnership, “to proactively determine what
– the future market structure looks like for the greater good of the market
and our investors.” n
Head of trading
Deutsche Asset & Wealth