Portfolio trading is reshaping credit - here's how

About this episode

The episode discusses the impact of portfolio trading on global credit markets with insights from industry experts.

In this episode of Making Sense, Shiny Das, from the Vida Portfolio Solutions product team, sits down with Gustav Vogel, head of Portfolio Trading in Europe, Middle East, and Asia, and Marcus Imbert, head of Portfolio Solutions in North America. Together they explore the rise of portfolio trading and how it is reshaping credit markets globally. They compare how portfolio trading differs across EMEA and North America, from pre-trade pricing and transparency frameworks to the role of local market structure and regulation. The conversation also looks at how ETFs and ETF primary trading support liquidity and risk transfer, the growing demand for thematic and proxy baskets, and the expansion of portfolio trading into cross-currency, cross-asset and bespoke solutions during periods of market volatility. This episode was recorded on March 16, 2026. This podcast is intended for institutional clients only. The views expressed in this podcast may not necessarily reflect the views of J.P. Morgan Chase & Co, and its affiliates, together J.P. Morgan, and do not constitute research or recommendation advice or an offer or a solicitation to buy or sell any security or financial instrument…

People in this episode

Host: Shiny Das

Guests: Gustav Vogel, Marcus Imbert

Topics covered

• portfolio trading
• credit markets
• ETFs
• liquidity
• market volatility
• thematic baskets

Keywords

• portfolio trading
• credit markets
• ETFs
• liquidity
• risk transfer
• market volatility
• thematic baskets

Mentioned in this episode

Organizations: J.P. Morgan

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