Ben Waters | Trader
Ben Waters, trader, has been an equity delta one trader in Global Indices/MSCI since March 2019. Here, he trades in Developed Markets and Emerging Markets (with a focus on the latter).
Delta one products are those that offer investors the same exposure as if these investors owned the underlying asset they represent. In comparison, non-delta one products (such as options) have asymmetric payoffs, meaning that price changes in the derivatives can be different from those of the underlying asset.
Early Career
As a summer analyst at Citi, London, Mr Waters dealt in markets and securities services on the Trading Execution Desk from June to August 2017. Prior to this, from June 2014 to June 2015, he was the University of Auckland Investment Club Inc’s investment analyst. He was so successful in this role that he received the organisation’s Outstanding Performance by a UAIC Investment Committee Member 2014 to 2015 award.
Education
Mr Waters graduated from the London School of Economics and Political Science in 2018, holding a BSc in accounting and finance. During his time studying he was a member of several societies, including the Business and Finance Society, the Trading Society and the Alternative Investments Society. Before this, Mr Waters attended Westlake Boys High School, where he was the recipient of the Top A-Level Scholar award.
Quantitative and Analytical Skills
As well as being highly astute in taking risks and managing delta one derivatives and cash products, Mr Waters has proven quantitative and analytical abilities regarding financial products and markets, an appetite to take on reasonable risk to potentially achieve outsized returns, and a sharp eye for alpha opportunities.
Hobbies & Professional Interests
Benjamin Waters, trader, has managed a real money portfolio of his own since 2012, investing in a range of options and stocks and deploying equities strategies involving DCF and multiples valuation and fundamental analysis; he has also deployed options strategies incorporating debit, credit and horizontal spreads and outright calls. Mr Waters used the trading profits derived from these trading activities to fund his university tuition and associated living costs.
For recreation, Mr Waters enjoys a wide range of sports – particularly sailing, basketball and tennis – and loves to travel.
