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Head of eFX Algos – Chicago Prop Trading Firm
  • Job type: Permanent
  • Location: London
  • Salary: £100000 - £140000 per annum, Benefits: + Bonus
  • Description Head of eFX Algo Trading – Chicago Based Prop Trading Firm A leading Chicago Based prop trading firm is looking to hire an experienced high...
High-Frequency Trading - Quantitative Researcher
  • Job type: Permanent
  • Location: Chicago
  • Salary: $130000 - $165000 per annum
  • Description High-Frequency Trading – Quantitative Researcher Our client, a leading proprietary trading firm, is looking to add qualified quantitative researchers to their strategy
C++ Developer - High Frequency Trading Firm
  • Job type: Permanent
  • Location: Singapore
  • Salary: Competitive
  • Description C++ Developer | Proprietary Trading Firm Low Latency | HFT | Trading Platform Singapore This well-funded proprietary algorithmic trading firm is looking to expand their
Prop Power Trader, Dublin
  • Job type: Permanent
  • Location: Dublin
  • Salary: Competitive
  • Description An established power and gas trading firm is expanding their power team. They require an experienced individual to join a successful trading desk to cover...
Lead Oil Products Trader - Houston
  • Job type: Permanent
  • Location: Houston
  • Salary: Competitive
  • Description A leading integrated oil trading firm are looking to hire a Lead Oil Products Trader in Houston. They are looking for a highly driven individual...
Quantitative Trading Strategist | New York
  • Job type: Permanent
  • Location: New York
  • Salary: Competitive
  • Description Quantitative Trading Strategist | Front Office Quant | New York A tier one Asset Management firm located in the Greater NYC area is looking to expand its...
Light Ends Trader - London
  • Job type: Permanent
  • Location: London
  • Salary: Competitive
  • Description A globally established trading house is expanding their Light Ends trading team in London. They require an experienced trader their successful Light ends business to...
Eurodollar Trader
  • Job type: Permanent
  • Location: Chicago
  • Salary: Competitive
  • Description Eurodollar Trader Our client, a global proprietary trading firm, is looking to add experienced traders to their team. This is an ideal position for a...
C++ Trading Platform Architect | NYC&SF Locations
  • Job type: Permanent
  • Location: New York
  • Salary: $150000 - $250000 per annum, Benefits: Bonus + Full Benefits
  • Description C++ Trading Platform Architect Quantitative Trading Firm NYC / SF Locations 150k-250k base + bonus This quantitative market making firm is looking to bring on senior

Salary, Job Description and Skill Requirements

Trading specialists assess financial data and define suitable standards for securities on monetary markets. As experts in their field, trading specialists are also expected to analyze financial trends with the help of statistical applications and modeling in order to understand price levels, as well as threats that will likely effect an organization. 
To grow the price of their stock portfolios, traders work as part of a larger team with relevant team members including portfolio managers, researchers and operations personnel. Effective monitoring of investment opportunities often requires a trading specialist to build a supporting team which may include research analysts, portfolio managers, and assistant traders.

Employment Outlook and Salary

The average yearly salary of a trading specialist is around $87,124, with salaries ranging between $68,500 and $105,000. As with other financial positions, the expected salary can differ widely based upon a variety of factors such as experience level, skill set and formal education, with a related degree also playing a crucial role in commanding a higher salary.
At more senior levels, both UK and US based trading managers can expect to earn higher than those in lower positions with the average yearly salary coming in at around $96,247 for the latter. 

According to the Bureau of Labor and Statistics, the demand for trading specialists is set to increase by 4% by 2022.

Job Description

Trading specialists are responsible for purchasing and selling shares, bonds, and assets for stakeholders, with the goal of capitalizing on assets and reducing financial threats. Additional responsibilities include: analyzing data, providing professional advice, supporting business processes, data management, customer reporting and portfolio management. Working with finance and customer support teams, trading specialists must have the ability to perform in a group environment, alongside strong attention to detail, excellent computer skills and a professional approach. A solid knowledge of market structures and trends is essential.

Traders usually fall into one of the following categories:

  • Flow traders - purchase and sell monetary items to a bank’s customers
  • Propriety traders - trade on behalf of the bank
  • Sales traders - collect information from customer and act as mediators between the customers and either flow or propriety traders

Job responsibilities vary among different types of traders, with flow and propriety traders typically carrying out the following tasks:

  • Gathering relevant information
  • Liaising with multiple parties, such as sales staff and agents
  • Investigating, assessing and exploring current market trends
  • Submitting daily trading reports to key stakeholders
  • Updating sales staff regarding market rates
  • Conducting trades

Sales traders focus on client interactions in order to secure new clients and develop strong relationships. Typical employers of traders include commercial houses, investment banks, exchanges, and reserves departments of key companies.

Key Skills & Qualifications

Candidates with degrees in accountancy, commerce, economics, finance, math, politics or the sciences have a strategic advantage on those with other degrees. Barriers are high, with employers typically requiring at least a 2:1 degree mark and a challenging selection procedure. Recruitment is typically handled through assessment days which might include comprehensive interviews and psychometric tests. 

Knowledge of a second language is beneficial.

Other required skills include:

  • Strong numerical competency skills
  • Excellent communication and interpersonal skills and the ability to work in a team
  • Physical and psychological strength
  • Independent thinking
  • Business acumen
  • Ability to work under pressure