Job description template

[contrakt]

Im very happy that its final time to describe my trading job in sufficient detail.

Can you point me to an example of an detailed
job-description of a trader?

Till now I only found short job-descriptions on the Internet.

Im a short term trader of an index/etf, so a description of a short term equity trader might be very helpful.

Other detailed trader job-descriptions are also welcome.

thank you

 

[contrakt]

Best so far

Capital Markets was founded in 1989. Our core strength in equity execution, including block trading of listed securities, program trading, and rapidly growing NASDAQ agency capabilities, combined with a variety of fixed-income, foreign exchange, and syndicate products, allows us to offer our clients comprehensive solutions, backed by superior service.

We have are seeking an experienced professional to join our quantitative team. In this role, the Equity Trading Quant will collaborate with the quant group to:
Research, design, back-test, deploy, evaluate, monitor, and tune high-frequency equity trading systems including
o Algorithmic trading strategy servers (all prevalent strategies)
o Automated market making for both Nasdaq and Specialist operations
o Program trading (agency and risk)
o Institutional-order-size automated market making
o Pairs, baskets, and other statistical arbitrage strategies

· Price and define optimal program trading strategies (including blind-bid)
· Structure portfolios
· Provide market microstructure research to enhance client value and improve trading performance
· Create and support analytical systems used for comprehensive performance measurement and attribution (both proprietary
and customer-facing)
· Create tic-level to 30-minute equity price prediction models
· Improve target price models
· Work with clients to improve their trading performance and thereby sell our trading services

 

[mitul09]

Hi, im new to this. I am looking to break into broking/trading but finding it extremely difficult to get any junior/trainee roles in broking/trading. Now I understand that the markets are doing very badly hence not many jobs, plus all the experienced peole are applying for the junior roles as they have lost their jobs because of cutbacks. This is not the only problem, to get these junior/trainee roles, everyone wants the cadidate to be CF30 or FSA qualified. There are no jobs where the company is willing to put you through the exams themselves, so the alternative is to find the £1000+ to do the exams ourselves. The problem is, we have to find other jobs to save the money to do the exam, then spend the time studying. Are there any companies (prefferably smaler ones) that will give non FSA/CF30 qualified people (or graduate in my case with a poor third class honours degree in BSc. Chemistry from the University of Southampton - ranked third in UK for chemistry) the opportunity to work for them in the capacities specified above??? I Say smaller companies because the bigger ones ask for a minimum of 2:1. Personally I know that I can talk myself into being offered a job if I ever got to the stage to speak to someone in recruitment departments, as I have the sales background and have worked enough to know how to answer the questions. The problem lies in the application process, as the systems filter applications which do not match the minimum grades or being from a so called, "Red Brick," institution. I have thought about lying about the grades so that a human actually reads the application and calls me so that I can sell myself and explain to them why I am suitbale, but this is a, "catch 22," scenario, as I am damned if I do and damned if I don't.

Sorry about the rant but I am very frustrated at the moment.

Please provide some advice and answers to my questions please!!!!!!!!!!!!!!

 

[Magos]

Job description
There are three types of trader: proprietary, flow (market makers), and sales.

Flow traders buy and sell products on the financial markets on behalf of the bank's clients. Products include securities, such as shares and bonds, foreign exchange (FX), and other assets such as futures, options and commodities. They make prices and execute trades with the aim of maximising assets or minimising financial risk.

Proprietary traders trade on behalf of the bank itself. Their aim is to buy at low prices, and sell high.

Sales traders deal directly with clients, providing market information and promoting new financial ideas to clients.

(prospects)


Happy to help

 

[kwickwool]

Hi Mitul,

You spend 3 years studying chemistry at Southhampton and come out with a third and are trying to break into the trading world, you will be lucky getting anythign with a third.

You are too qualified for basic roles and your degree is not going to get you anywhere for jobs requiring degrees, should have spent less time getting pissed and more time studying mate.

 

[RPEX]

like a man awaking from a coma, i arrive to the party 2 years late.

Mitul,

-Why did you study Chemistry if you wanted to work in financial markets. It sounds like a hard degree, but for all its relevance you might as well have studied geography.

-Out of curiosity, at what point did you decide that this career path was for you? It could be just a phase.

- You are wrong about the FSA qualified thing. A firm will only want an approved recruit if they need to get them working straight away. The costs of getting someone to pass the 2 exams for CF30 are minimal to any firm worth its salt.