Posted by J.P. Morgan is a top tier liquidity provider in global FX markets offering competitive pricing across 300 currency pairs in cash and derivative products. We offer a full spectrum of currency services – from plain vanilla to exotic options; from major currencies to emerging markets.
Automated Trading Strategies – Associate -United States
Job Description:
• Learn, understand, and improve our market making solutions
• Work closely with our partners (risk managers, sales, technology) to deliver results
• Work closely with technology to develop cutting edge low latency infrastructure that meets business needs in a scalable manner.
• Derive automatic hedging solutions with risk managers to extract the best values out of our flows.
• Perform statistical analysis of algorithmic order executions or market making activity to drive iterative improvements.
• Intelligently utilize internal and non-public sources of liquidity to minimize the impact of algorithmic order execution.
• Create generic and bespoke post-trade transaction cost analysis models and reports for evaluation algorithmic order executions.
• Create pre-trade transaction cost analysis to help clients choose algorithmic orders for appropriate execution.
• Create/modify/implement algorithmic orders to execute on behalf of clients as well as internal manual traders.
• Understands firm’s approach and policies for managing risks in relevant business and applicable legal and regulatory rules, and follows policies.
• Balance potentially competing needs across clients, internal partners and the firm.
Qualification:
• Interest in market microstructures and quantitative FX trading.
• Attention to detail, adaptable and hungry to learn.
• Design and programming skills, with primary focus on Java and Python.
• Interest in applying agile development practices in a front-office trading environment.
• Excellent verbal and written communication skills as this position involves frequent interaction with different teams in the firm and lots of non-technical users.
• Demonstrable proficiency with market and product terminology.
• Ability to think take complex problems, typically with many unknowns, logically break into digestible tasks and execute.
• Ability to think strategically and creatively when faced with problems and opportunities. Eager to look for new ways of doing things and able to understand the benefits of leveraging the firm’s scale.
Desirable:
• Degree in Engineering, Mathematics, Physics, Computer Science or equivalent. Computer Science is preferred. Some graduate school in a technical field is preferred.
• FX markets experience and general trading concepts and terminology is useful but not essential
• Experience in electronic market making and algorithmic market making is a plus