The flow index trading team is responsible for executing and managing high-volume index option trades on behalf of institutional clients, including pension funds, hedge funds, and brokers. The role centers on delivering competitive pricing, building strong client relationships, and leveraging electronic trading platforms to optimize execution and minimize errors.
Job Summary:
As an Analyst within the Flow Index Trading team, you will be responsible for managing daily trading book activities, which include risk management, customer pricing, and trading of all related products. You will also serve as a key liaison with the sales teams. You must adapt quickly to shifting market conditions, navigate regulatory requirements, and stay ahead of competitive pressures from fintech firms and startups.
Job Responsibilities:
- Assist in pricing trades and execution of orders from clients and internal trading desks
- Assist in managing risk, evaluating position and performance under various scenarios
- Learn how to identify trading opportunities and then develop new trading strategies for the desk and clients
- Respond to Middle Office emails (T+1 trade inquiries, corporate actions, etc)
- Monitor market flows to help evaluate incoming inquiries and providing context to sales
- Work with Quant team to administer Robo trader for pricing and hedging
- Perform routine book maintenance, such as closing pins and early exercise.
- Assist in running and investigating daily PnL in coordination with MO/IT
Required Qualifications, Capabilities, and Skills:
- Attention to detail and aptitude to quickly learn the business
- Understanding of financial markets and intellectual curiosity to explain market moves
- Strong analytical and technical background to price Derivative products
- Advanced Excel/VBA skills to develop spreadsheet solutions for the business
- Able to follow pre-established desk procedures around risk, pricing, PnL and execution
- Provide accurate responses/feedback on day to day activities, with complete transparency
- Strong communication skills required to comprehensively talk to clients about orders, executions and market activity