Liquidity Manager

Trevose Partners; Singapore; Hybrid; SGD 154,000 - 240,000; Full time

Job summary

Trevose Partners is seeking a Liquidity Manager to own liquidity quality for the London trading session, spanning eFX trading, analytics and institutional relationships.

You will monitor live liquidity, develop execution-quality analytics, and engage with liquidity providers and institutional clients, with strong autonomy and end-to-end ownership.

Qualifications

• 3–6 years' experience in eFX liquidity management or related analytics.
• Experience with liquidity-provider relationships and eFX trading.
• Strong knowledge of FX market microstructure.

Responsibilities

• Own liquidity quality throughout the London trading session and monitor real-time pricing and latency across providers.
• Diagnose and resolve live liquidity issues across provider behaviour, routing and connectivity.
• Develop and maintain analytics using Python and SQL on trade and quote data.
• Analyse metrics like markouts, fill/reject rates, net yield, toxicity and P&L attribution.

Skills

Liquidity management experience

Python

SQL

Analytical skills

Communication skills

Tools

Python

SQL

Job description

• Liquidity-provider configuration

Liquidity Manager - FX / eFX, London Coverage

About the Role

A leading electronic FX trading venue is looking for a Liquidity Manager to take ownership of liquidity quality across the London trading session.

This is a hybrid role sitting across eFX trading, quantitative analysis and institutional relationship management. You will monitor and diagnose live liquidity behaviour, develop analytics to measure execution quality, and engage directly with liquidity providers and institutional clients.

The role offers significant ownership and autonomy, requiring strong real-time judgement, analytical capability and a solid understanding of FX market microstructure.

Key Responsibilities

• Own liquidity quality throughout the London trading session, monitoring real-time pricing, fill and reject behaviour, spread stability and latency across liquidity providers.
• Diagnose and resolve live liquidity issues, distinguishing between provider behaviour, venue, routing and connectivity-related causes.
• Develop and maintain performance analytics using Python and SQL, working with raw trade and quote data.
• Analyse metrics including markouts, fill/reject rates, net yield, toxicity and P&L attribution at both liquidity-provider and client level.
• Engage with liquidity providers on pricing quality, spread behaviour, execution performance and last-look practices.
• Support liquidity-provider admission, tiering and remediation decisions using data-driven analysis.
• Work with institutional clients on liquidity and execution-quality issues, partnering with Sales where appropriate.
• Maintain structured session handovers and contribute to internal knowledge and process documentation.
• Escalate liquidity and execution issues appropriately based on defined thresholds and market conditions.

Requirements

• Typically 3-6 years' experience in eFX liquidity management, liquidity-provider relationship management, eFX trading, or quantitative/analytical support to an eFX desk.
• Experience gained within an FX venue, ECN, aggregator, bank eFX desk or non-bank market maker is highly relevant.
• Strong understanding of FX market microstructure, including:
  • FX aggregation
  • Last look
  • Sweep and routing logic
  • Liquidity-provider configuration
  • Markout methodologies
• Demonstrable Python and SQL skills applied to market, pricing or execution data.
• Strong analytical and problem-solving skills, with the ability to investigate issues independently and make informed decisions.
• Ability to manage work end-to-end, exercise sound judgement and escalated issues appropriately.
• Strong written and verbal communication skills, with the ability to clearly communicate liquidity and execution findings.
• Comfortable working independently during evening hours and across different regional trading sessions.
• Willingness to potentially relocate to London in the future, subject to business requirements and eligibility.

Desirable Experience

• Experience working on the venue/platform side rather than exclusively within a bank.
• Knowledge of FIX connectivity.
• Understanding of LD4 and NY4 infrastructure and FX latency considerations.
• Previous experience covering unsocial hours or cross-regional trading sessions.
• Experience with FX Global Code, TCA methodologies or execution-quality reporting.

Working Hours & Location

• Approximately 15:00-00:00 SGT, Monday to Friday, covering the London open through the New York overlap.
• Part of the role can be performed remotely.
• Potential opportunity for permanent relocation to London in the future, subject to business requirements, role performance and immigration eligibility.
• Late-finish transport arrangements are available while Singapore-based.