Posted in General Business 27 days ago.
This job brought to you by eQuest
Location: Boston, Massachusetts
The role of a trader on the Emerging Market trading desk is to assist the trading team in providing liquidity to clients for manual deal flow and to monitor client orders in the banks order management system. Traders are expected to be able to synthesize macro data and research to provide the sales team with market commentary and technical research. The trader will also be expected to take principal risk positions in accordance with the firms trading and markets risk guidelines. All members of the FX team are expected to work collaboratively with the Sales team and the eFX team to increase client interactions and grow revenues.
Purpose Of Role:
Including (but not limited to): Market-make and order-manage for Sales/clients in Emerging Market FX with a specific focus on NDFs.
Leverage principal positioning via transparent machine driven or manual trade initiatives within overall risk guidelines to maximize revenue opportunities.
•Quoting and managing direct/non-machine qualifying voice order business from Sales.
•When appropriate, use eFX liquidity for portfolio efficiency and use of discretion to tighten or skew pricing, based on client specific knowledge.
•Use macro views & technicals to manage risk from client flows and maximize the revenue opportunity
•Execute flows according to client’s orders (at best, slowly, “iceberg”, etc.)
•Relay to traders in other offices any important/large client flows
•Continuously monitor client orders in Barracuda
•Monitor and execute limit and stop loss orders for clients
•Continuously synthesize informational content of macroeconomic data, market research, news stories and price action
•Assist sales team in formulating trading strategies for clients
•Post ideas in global chats Sales and Trading chats
•Continuously monitor trading positions and risk limits and ensure all positions are accounted for and booked properly
•Make sure positions are within proper risk and credit limits
•Read news, internal & external research, analyze overnight market moves and upcoming market events to offer opinions to sales and trading team
•Review volumes report from previous day to ensure its accuracy
Work Parameters Or Boundaries:
•Work with the Spot, Forward, Emerging Market, and NDF traders in the other centers to optimize the value of the global book working closely with the responsible risk monitoring locale to ensure maximum use of the available internal liquidity.
•Collaborate for proficient staffing coverage of Bank holidays and vacations with the other geographies.
•Attend global team meetings to discuss new developments, client analysis and delivery roadmap.
Specific Qualifications / Skills:
Extensive trading experience in FX, specifically with Latam or Asian NDFs
Process oriented open mindset with good understanding of technology and global markets.
Strong and succinct communication skills.
Level Of Education:
Previous Level Of Experience:
BS Degree, and appropriate FX or other markets’ experience.