Listed Execution Broker, COEX

670 TP ICAP Americas Holdings Inc.; New York (NY); On-site; USD 135,000 - 150,000; Full time

Job summary

TP ICAP Group in New York seeks an experienced Listed Interest Rates Broker to develop institutional relationships, facilitate trading across listed rate products, and provide market intelligence to buy-side and sell-side clients.

The role requires deep knowledge of global rates markets, exchange-traded products and practical execution, with a focus on compliance, market integrity and professional conduct.

Qualifications

• Deep knowledge of global interest rate markets and pricing.
• Experience with futures, options, spreads, curves and related products.
• Strong network with institutional clients and ability to grow accounts.

Responsibilities

• Build and maintain relationships with hedge funds, asset managers, banks and institutional investors.
• Generate brokerage revenues through active client coverage and new business development.
• Identify trading opportunities and connect buyers and sellers across global listed rates markets.
• Develop the desk’s franchise and expand market share within core products.

Skills

Global rates expertise

Client relationship skills

Execution & trading

Regulatory compliance

Communication skills

Education

Bachelor’s degree in Finance/Economics

Tools

Bloomberg

TT Platform

CME Direct

Excel

Job description

Group Overview

TP ICAP Group is a world leading provider of market infrastructure. Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions. Through our people and technology, we connect clients to superior liquidity and data solutions.

The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform. Founded in London in 1866, the Group operates from more than 60 offices in 27 countries. We are 5,200 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.

Role Overview

We are seeking an experienced Listed Interest Rates Broker to join our global macro and listed derivatives business. The successful candidate will be responsible for developing institutional client relationships, facilitating execution across listed interest rate products, identifying liquidity, generating trading opportunities, and providing high-quality market intelligence to buy-side and sell-side clients.

The role requires a deep understanding of global rates markets, exchange-traded interest rate products, and the ability to connect market participants efficiently while maintaining the highest standards of compliance, professionalism, and market conduct. Consistent with brokerage responsibilities, the broker will support price discovery, develop new business, and facilitate transactions for clients.

Role Responsibilities

Client Coverage & Revenue Generation

• Build and maintain relationships with hedge funds, asset managers, banks, proprietary trading firms, and institutional investors.
• Generate brokerage revenues through active client coverage and new business development.
• Identify trading opportunities and connect buyers and sellers across global listed rates markets.
• Develop the desk's franchise and expand market share within core products.

Market Making & Liquidity Discovery

• Source and disseminate liquidity across exchange-traded interest rate products.
• Maintain real-time knowledge of market positioning, flows, and pricing.
• Facilitate execution while ensuring fair and orderly market practices.
• Support clients with market color, trade ideas, and relative value opportunities.

Product Coverage

Products may include:

• CME SOFR Futures & Options
• Eurodollar Legacy Positions
• U.S. Treasury Futures & Options
• Eurex Euribor Futures & Options
• SONIA Futures & Options
• ICE Gilt Futures & Options
• JGB Futures & Options
• STIR spreads, packs, bundles, butterflies and curve structures

Risk & Regulatory Responsibilities

• Adhere to all exchange, regulatory, and internal compliance requirements.
• Maintain confidentiality of client information and trading activity.
• Ensure accurate trade capture, booking, and reporting.
• Demonstrate the highest standards of market conduct and integrity.

Experience / Competences

Essential

• Deep understanding of global interest rate markets.
• Strong knowledge of monetary policy transmission and central bank pricing.
• Thorough understanding of futures, options, spreads, packs, bundles, flies, and curve trades.
• Understanding of exchange delivery mechanics and contract specifications.

Relationship Management

• Strong institutional client network.
• Ability to develop new relationships and grow existing accounts.
• Credibility with portfolio managers, traders, and risk managers.
• Excellent communication and negotiation skills.

Commercial Skills

• Demonstrated ability to generate brokerage revenues.
• Proven business development capability.
• Commercial awareness and entrepreneurial mindset.
• Ability to identify and monetize market opportunities.

Trading & Execution Expertise

• Experience executing large and complex listed rates transactions.
• Strong understanding of exchange market structure.
• Knowledge of electronic and voice execution methods.
• Ability to monitor liquidity and market flows in real time.

Technical Skills

• Bloomberg proficiency.
• Familiarity with TT, CQG, CME Direct, ICE, Eurex and broker platforms.
• Excel and market analytics capabilities.
• Strong understanding of trade lifecycle and post-trade processes.

Personal Attributes

• Highly driven and self-motivated.
• Strong attention to detail.
• Professional and resilient under pressure.
• Collaborative team player.
• Ability to operate in fast-moving market environments.

Desired

• Proven experience broking listed interest rate products.
• Established client relationships across hedge funds and institutional asset managers.
• Track record of generating meaningful brokerage revenue.
• Experience with both futures and options markets.
• Knowledge of U.S., European, and UK rates products.
• Experience working within a regulated brokerage environment.

Professional 5 $135,000-$150,000

Company Statement

We wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background.

We may be considering you for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Your potential is what truly matters to us.

Location USA - 200 Vesey Street - New York, NY

Work with us

Joining TP ICAP puts you at the heart of markets that matter. You’ll have the freedom to innovate and act on your initiative. We’ll train you and build your abilities in your specialist area, so that you can become an expert in your field. And all within a connected network that’s there to set you up for success.

More about us

TP ICAP Group is a collection of premium brands each with a distinct, client-focused offering. Underpinning and connecting these client-facing brands is the financial security, operational strength and know-how we have as a Group.

We combine our people’s know-how with the latest technology to improve price discovery, trade execution and liquidity flow. Connections create strength. Through them, we help our clients to manage risk, realise investment strategies and expand the scope for growth. And connections act as a catalyst. Sparking richer solutions for our clients to break new ground, modernising markets for future performance, and creating dynamic careers for our people. Our capacity to connect builds trust, supports communities and gives us the power to anticipate and respond to change, whatever direction the world takes. It’s what makes TP ICAP a mainstay in the global markets, now and in the future. TP ICAP. We connect.