Commodity Pricing Engine Developer/Murex Developer

Market Cloud Ltd; Greater London; On-site; GBP 90,000 - 140,000; Full time

Job summary

Market Cloud Ltd in the United Kingdom is seeking a highly skilled Commodity Pricing Engine Developer to design, build, and enhance a bespoke real-time pricing engine for RFQ workflows in trading environments.

You will combine deep derivatives pricing expertise with quantitative model development and software engineering to deliver low-latency, accurate prices, integrate with market data feeds, and collaborate with traders and quants to scale robust pricing solutions.

Qualifications

• Experience in commodity derivatives pricing and OTC products.
• Proven ability to design, calibrate, and validate pricing models.
• Strong knowledge of financial mathematics and valuation techniques.
• Proficient in Python, C++, and Java.
• Experience integrating pricing with market data feeds and trading platforms.

Responsibilities

• Design, develop, and maintain pricing models for commodity and OTC derivatives.
• Build, calibrate, and validate quantitative pricing models.
• Develop and enhance a bespoke pricing engine for RFQ quotes.
• Integrate pricing models with market data feeds and trading platforms.
• Optimize pricing calculations for real-time performance and low latency.
• Collaborate with traders, quants, and tech teams to translate requirements into scalable solutions.
• Conduct model testing, performance analysis, and improvements.
• Ensure governance, validation standards, and risk management alignment.
• Support production deployments and troubleshoot pricing issues.

Skills

Commodity/OTC derivatives pricing

Quantitative development

Financial mathematics

Python

C++

Java

Market data integration

Problem solving

Tools

Bloomberg API

Job description

About the Role

We are seeking a highly skilled Commodity Pricing Engine Developer to design, build, and enhance a bespoke pricing engine that generates real-time prices for client RFQ (Request for Quote) workflows. The ideal candidate will have deep expertise in commodity derivatives pricing, quantitative model development, and software engineering, with a strong focus on delivering accurate and low-latency pricing solutions in trading environments.

Key Responsibilities

• Design, develop, and maintain pricing models for commodity and OTC derivatives products.
• Build, calibrate, and validate quantitative pricing models to ensure accuracy and robustness.
• Develop and enhance a bespoke pricing engine for RFQ quote generation.
• Integrate pricing models with market data feeds, trading platforms, and RFQ systems.
• Optimize pricing calculations for real-time performance and low-latency execution.
• Collaborate with traders, quants, and technology teams to translate business requirements into scalable solutions.
• Conduct model testing, performance analysis, and continuous improvements.
• Ensure compliance with model governance, validation standards, and risk management frameworks.
• Support production deployments and troubleshoot pricing-related issues.

Required Skills & Experience

• Strong experience in Commodity Derivatives or OTC Derivatives Pricing.
• Proven expertise in Quantitative Development, including model creation, calibration, and validation.
• Deep understanding of financial mathematics and derivatives valuation techniques.
• Strong software engineering skills with proficiency in:
• Python
• C++
• Java
• Similar object-oriented programming languages
• Experience integrating pricing systems with market data and trading platforms.
• Strong problem-solving and analytical skills.
• Ability to work effectively in a fast-paced trading environment.

Preferred Qualifications

• Experience building real-time pricing engines within electronic trading (e-Trading) environments.
• Knowledge of Bloomberg market data integration.
• Experience with messaging technologies and connectivity frameworks.
• Familiarity with distributed systems and high-performance computing concepts.
• Understanding of commodity markets, trading workflows, and risk management processes.