eFX Quantitative Trader - VP

Commerzbank AG; Slough; On-site; GBP 90,000 - 130,000; Full time

Job summary

Commerzbank AG in the United Kingdom seeks a postgraduate quantitative analyst to apply statistical methods to extract value from FX trade flow and optimize pricing and liquidity for a diverse client base.

You will research, test and implement quantitative price discovery and trading strategies for an electronic FX market making business, coordinating with IT to bring strategies to production and to manage risk across global trading books.

Qualifications

• Postgraduate degree in a technical field.
• Strong background in statistics and quantitative methods.
• Experience applying quantitative techniques to optimise electronic market making and FX trading.

Responsibilities

• Research new methods to optimize delivery of pricing and liquidity to FX clients.
• Design and backtest systematic trading signals and pricing strategies.
• Collaborate with IT to deploy strategies to production and manage risk.
• Stay updated with latest research on algorithmic trading and FX markets.
• Identify client patterns and translate into strategic proposals for the global franchise.
• Respond to sales/client queries in a timely and transparent manner.

Skills

Python

R

Matlab

Statistics

FX markets

Quantitative methods

Trading strategies

Education

Post graduate degree in a technical field

Tools

q/kdb+

Java

Job description

Job purpose:

• To apply statistical methods to extract informational value from trade flow in order to optimize the pricing and liquidity to a diverse set of FX end users


• To research, test and implement quantitative price discovery and trading strategies for an electronic FX market making business


• To help grow the profitability of the business and client satisfaction through the quantitative analysis of proprietary data


• To risk manage the trading flow via the trading algorithms

Key activities:

• Research new methods for systematically optimizing delivery of pricing and liquidity to clients


• Research new market making pricing strategies


• Research new risk management algorithms designed to efficiently and profitably control inventory levels generated from client flow


• Use market data from various trading venues as well as proprietary information to design and backtest systematic trading signals


• Coordinate with IT to bring new systematic trading strategies to production


• Stay up to date with the latest research on algorithmic trading


• Responsible for managing the global trading books, ensuring compliance with risk profiles and risk limits


• Identify client patterns and translate into strategic proposals to maximize the success of the global franchise


• Respond to sales/client queries in a timely and transparent fashion

Specialist knowledge:

• Experience in applying quantitative techniques to optimise an electronic market making business


• Strong background in statistics


• Knowledge and experience with FX markets


• Comfortable working with numerical computing languages (eg. R, Matlab, Python), some experience with q/kdb+ and Java preferred

Education:

• Post graduate degree in a technical field