Systematic Macro Research

Where rigour
meets the river's
long memory

Thames River Trading develops unique macro research powered by systematic frameworks, quantitative signal processing, and decades of cross-market experience.

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Systematic thinking.
Disciplined conviction.

Thames River Trading sits at the intersection of rigorous quantitative analysis and macro market intelligence. Building systematic frameworks that cut through noise to identify durable, high-conviction opportunities across global macro.

Research is shaped by the same discipline that flows through the City — patient, deep, and built to weather every tide.

20+
Years across cycles
Modern AI
Techniques
150+
Research papers
Global Macro
Focus

Research areas explored

01

Macro Strategy

Top-down systematic research across rates, FX and commodities. Our signal-driven framework identifies regime shifts before they become consensus.

02

Quantitative Signals

Bespoke factor models processing cross-asset price, flow, and sentiment data into actionable, statistically validated signals with proven out-of-sample track records.

03

Thematic Research

Long-duration thematic research identifying structural shifts in the global economy — geopolitical realignment, energy transition, demographic headwinds, and monetary regime change.

The systematic
edge

01

Data Architecture

Aggregation of high-frequency data across global markets, central bank communications, and macro economic releases into a unified, normalised research database.

02

Regime Classification

Bespoke macro regime models identify the current global cycle state, conditioning all downstream signal generation and portfolio construction.

03

Signal Generation

Multi-factor systematic signals across momentum, carry, value, and positioning dimensions are blended with discretionary macro overlay for robust, diversified alpha.

Recent insights

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Rates

Terminal Rates and the New Neutral

Reassessing r* across the G10 in a world of structurally higher inflation, fiscal dominance, and deglobalisation.

January 2026 — 28 pages
Commodities

Energy Transition Bottlenecks: Copper, Lithium and the Critical Metals Cycle

Quantifying the supply-demand mismatch in critical minerals and the macro implications for inflation and EM current accounts.

December 2025 — 36 pages

Lets talk
research
today.

Enquire below to discuss research coverage or collaborations.

Location London, United Kingdom