Saul Pennington-Smith

Proprietary Trading

Managing Partner

In 2006 Saul worked for PricewaterhouseCoopers in Business Assurance and Internal Controls before shifting his focus into beginning a career focused in finance, primarily in Fixed Income & Equity Derivatives trading. The majority of this time was spent in Dubai, where he set up his own company. He operated with a partner based out of Sydney and built, maintained and executed multiple medium frequency (intraday) systematic strategies in liquid derivatives markets. The approximate nominal exposure was 400 million USD.

Following that Saul spent time working in the USA (Chicago, New York) and London for a number of multi-asset firms. In 2015 he relocated back to Australia and took on a position at a proprietary trading firm based in Sydney. In addition to continuing to trade systematic strategies, he was responsible for designing and implementing algorithmic trading tools for use within the firm.

In mid-2016 Saul returned to trading his own capital, focusing on systematic strategies in foreign exchange and derivatives.

Saul relocated to South East Asia and continued to trade existing strategies and focus on research and development to handle some of the growing changes in the finance industry (Python-based solutions for handling big data, utilizing cloud resources, exploring external data-sets).

Based in Bangkok, his role as Head of Proprietary Trading at Varys Capital consists of developing and deploying trading strategies, execution of orders, exchange procurement, hedging Varys portfolio, trading tech development, and risk management assessment.

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