Senior FX Dealer

Syphonix; Greater London; On-site; GBP 90,000 - 150,000; Full time

Job summary

Syphonix in London seeks a Senior FX Dealer to support and improve FX/CFD dealing operations. The role focuses on execution quality, liquidity setup, exposure monitoring and hedging.

You will work with Prime of Prime providers, bridge liquidity, and LPs to optimize pricing and reduce latency, while mentoring junior dealers and coordinating with Sales, Technology and Compliance.

Qualifications

• Proven experience as an FX Dealer or Senior Dealer.
• Experience with FX/CFD trading and liquidity management.
• Familiarity with Prime of Prime and institutional brokers.
• Strong knowledge of MT4/MT5, FIX API and liquidity setup.
• Ability to monitor risk and hedging requirements independently.

Responsibilities

• Handle the daily operation of the FX / CFD dealing desk in London.
• Manage trade execution, pricing quality, liquidity monitoring and order flow.
• Monitor client exposure, product exposure, hedging requirements and abnormal trading activities.
• Work with LPs, Prime of Prime providers, bridge providers and liquidity aggregators to improve execution quality.
• Review slippage, rejection rates, latency, fill ratios and other execution performance indicators.
• Support the setup and optimization of A-book, B-book and hybrid risk models.
• Identify toxic flow, latency arbitrage, abusive trading patterns and other high-risk trading behavior.
• Build and improve dealing procedures, escalation mechanisms, handover processes and reporting standards.
• Support and mentor junior dealers as the London team grows.
• Work closely with Sales, Technology, Compliance and senior management on trading-related matters.

Skills

FX Trading

Liquidity management

Execution quality

Risk monitoring

Stakeholder collaboration

Tools

MT4/MT5

FIX API

Job description

We are looking for an experienced Senior FX Dealer to support and improve our FX / CFD dealing operations in London. The ideal candidate should have solid experience in FX / CFD dealing, Prime of Prime, institutional FX brokerage, liquidity management and dealing desk operations. This is a hands-on senior dealing role focused on execution quality, liquidity setup, exposure monitoring and hedging.

Key Responsibilities

• Handle the daily operation of the FX / CFD dealing desk in London.
• Manage trade execution, pricing quality, liquidity monitoring and order flow.
• Monitor client exposure, product exposure, hedging requirements and abnormal trading activities.
• Work with LPs, Prime of Prime providers, bridge providers and liquidity aggregators to improve execution quality.
• Review slippage, rejection rates, latency, fill ratios and other execution performance indicators.
• Support the setup and optimization of A-book, B-book and hybrid risk models.
• Identify toxic flow, latency arbitrage, abusive trading patterns and other high-risk trading behavior.
• Build and improve dealing procedures, escalation mechanisms, handover processes and reporting standards.
• Support and mentor junior dealers as the London team grows.
• Work closely with Sales, Technology, Compliance and senior management on trading-related matters.

Requirements

• Proven experience as an FX Dealer, Senior Dealer, Liquidity Manager or similar role.
• Strong experience in FX / CFD trading, including FX, precious metals, indices or related CFD products.
• Prior exposure to Prime of Prime, institutional FX brokerage, liquidity management or LP aggregation.
• Strong understanding of MT4 / MT5, FIX API, bridge, aggregator and liquidity setup.
• Good understanding of A-book, B-book and hybrid execution / risk models.
• Ability to monitor exposure, assess trading risk and manage hedging requirements independently within the dealing function.
• Strong analytical ability in execution quality, slippage, rejection, latency and client order flow.
• Ability to handle daily dealing activities independently and help resolve complex execution and risk issues.
• Strong communication skills and ability to work with internal and external stakeholders.
• Based in London, or able to work in London.

Preferred Qualifications

• Previous experience in a Prime of Prime, FX / CFD broker, liquidity provider, institutional FX brokerage or prop trading environment.
• Existing knowledge of the London, UK or European FX / CFD market.
• Experience mentoring junior dealers or supporting trading operations team members.
• Strong network with LPs, Prime of Prime providers, bridge providers or institutional FX counterparties.