Equity Trader

First Recruiting, LLC; Chicago (IL); On-site; USD 150,000 - 230,000; Full time

Job summary

We are seeking an experienced Senior Trader to join our Trading department in Chicago, covering Asian market hours (5pm–2am CT). The candidate will trade stocks and other instruments, monitor news and research, and communicate ideas to PMs and research teams.

Required: 6+ years of institutional trading, including 3+ years in Asian or European markets, with strong execution, broker relations, and market analysis skills.

Qualifications

• Bachelor’s degree with 6+ years of institutional trading experience.
• Experience trading Asian or European markets.
• Ability to work during Asian market hours.
• Strong understanding of market conditions and execution costs.

Responsibilities

• Trades stocks and other instruments using brokers and/or relevant crossing networks.
• Monitors any incoming news, research, or reports.
• Communicates trade thoughts and news to portfolio managers and research teams.
• Produces in-house trading reports that summarize all trading activity from previous day.
• Works with trading operations department to resolve trade “breaks.”
• Determines the overall reasonableness of transaction costs while taking into account such factors as market condition, size and timing of the order, depth of the market, per share price, difficulty of execution, financial responsibility and broker commitment.
• Executes rebalancing trades and checks executions.
• Continually analyzes information feeds, news reports, and actual stock price changes to maintain knowledge of current market and stock conditions for equities to be traded.
• Monitors national, regional, and sector markets to identify trends and events that may impact stock evaluation, portfolio management, and equity trading outcomes.
• Initiates, maintains, and cultivates professional relationships with outside investment brokers and other resources to enhance market intelligence and identify investment and trading opportunities.
• Maintains detailed knowledge of technology and systems that support trading operations (i.e. Ridgeline or other order management systems and Bloomberg EMSX.
• Strong knowledge and experience trading Asian markets.

Skills

Institutional trading

Asian markets expertise

Broker relations

Technical analysis

News & research interpretation

Education

Bachelor's degree

Tools

Ridgeline OMS

Bloomberg EMSX

Job description

We are seeking an experienced Senior Trader with 6+ years of institutional trading experience to join our Trading department and cover Asian market hours. (5pm to 2am CT)

Primary responsibilities:

Trades stocks and other instruments using brokers and/or relevant crossing networks.

Monitors any incoming news, research, or reports.

Communicates trade thoughts and news to portfolio managers and research teams.

Produces in-house trading reports that summarize all trading activity from previous day.

Works with trading operations department to resolve trade “breaks.”

Determines the overall reasonableness of transaction costs while taking into account such factors as market condition, size and timing of the order, depth of the market, per share price, difficulty of execution, financial responsibility and broker commitment.

Executes rebalancing trades and checks executions.

Continually analyzes information feeds, news reports, and actual stock price changes to maintain knowledge of current market and stock conditions for equities to be traded.

Monitors national, regional, and sector markets to identify trends and events that may impact stock evaluation, portfolio management, and equity trading outcomes.

Initiates, maintains, and cultivates professional relationships with outside investment brokers and other resources to enhance market intelligence and identify investment and trading opportunities.

Maintains detailed knowledge of technology and systems that support trading operations (i.e. Ridgeline or other order management systems and Bloomberg EMSX.

Strong knowledge and experience trading Asian markets.

Knowledge/Experience:

Bachelor’s degree with 6+ years of institutional trading equity securities, including 3+ years in Asian or European markets.

Ability to work in dynamic, high-demand trading environment during Asian market hours.

Technical analysis experience a plus.

Knowledge of trading operations, products and services.

Assumes knowledge of markets, macroeconomics, statistical and economic research techniques, broker relations, and company operations and functions as they relate to trading operations.