Summary
Overview
Work History
Education
Skills
Timeline
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Sho Setoguchi

Summary

  • FX Options Trader with 13 years of experience at Barclays across most currency pairs (G10 & EM) and products (Flow, Correlation, Vol products & Structured products). Consistent revenue producer regardless of the business line.
  • My greatest strength lies in ability to learn new things and adapt to environments. Repeatedly proven it in different stages of life. Entered the University of Tokyo without going to cram school, survived and kept delivering results at turbulent times of Barclays (reported to 15 direct managers), got promoted to the only director within the team who didn't major in science and most recently made myself a PM in crypto fund by self study.
  • Focus in recent years has been on research and systematic trading using Python. Was ranked at 5th in Numerai (data science competition to predict relative performances of ~4000 stocks) and been running several profitable bots in crypto space.

Overview

17
17
years of professional experience

Work History

Co-Founder, Chief Investment Officer

Penguin Securities
04.2023 - Current
  • Driving business initiatives under the support of Daiwa Securities, aiming to bridge the gap between traditional finance and the emerging asset class of crypto.
  • Bringing established financial best practices into the crypto space while introducing unique crypto-native investment opportunities to traditional financial institutions.

Portfolio Manager

Bastion Trading (Crypto HF)
01.2022 - 03.2023
  • In charge of quant strategy and event-driven book.
  • Recent examples: SOLO airdrop on XRP, Wormhole hack, LUNA and UST, USDT de-peg, CEL, TRIBE, STEPN etc.

FX Options Trader

Barclays Bank Plc
10.2010 - 08.2021
  • Managed risks of global books during Asia time as senior trader. Traded flow books for 5 years and exotic books for 5 years.
  • Vanillas / 1st Gens / TARFs / Correlations / Vol products / Long dates in both G10 & EM.
  • Deep understanding of Japanese clients and their flows
  • Pnl History:

2021: Bespoke book (Correlation, Vol products and Short-dated Structured) +5mil GBP

2020: JPY flow book flat, Bespoke book +5mil GBP

2019: JPY flow book +8mil GBP

2018: JPY flow book + 5mil GBP, EUR flow book +50mil GBP

2017: EUR flow book +50mil GBP

2010-2016: Long dates book +50~150mil GBP

Credit & Emerging Market Structuring

Barclays Securities Japan Limited
04.2008 - 09.2010
  • Localized FX & Credit product offerings by building rapport with Japanese security houses and having constant dialogues.
  • Achieved Barclays' first EM currency linked Uridashi in Japan and paved way for more emerging market product offerings in later years.
  • Was responsible for pricing and marketing of structured credit products such as credit linked note (single name, FTD and synthetic CDO).

Education

Bachelor of Arts - Economics

The University Of Tokyo
Japan
03.2008

Skills

  • Intermediate level in Python
  • Proficient in application of data science and machine learning

Timeline

Co-Founder, Chief Investment Officer

Penguin Securities
04.2023 - Current

Portfolio Manager

Bastion Trading (Crypto HF)
01.2022 - 03.2023

FX Options Trader

Barclays Bank Plc
10.2010 - 08.2021

Credit & Emerging Market Structuring

Barclays Securities Japan Limited
04.2008 - 09.2010

Bachelor of Arts - Economics

The University Of Tokyo

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Sho Setoguchi