Listed Execution Broker, COEX

TP ICAP Group; 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 client relationships, facilitate executions, and identify liquidity across listed rate products. The role requires deep knowledge of global rates markets and compliance with industry standards.

You will connect market participants to opportunities while supporting price discovery and revenue growth. The team focuses on expanding market share through strong client networks, market intelligence,

Qualifications

• 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.

Responsibilities

• 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.
• 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.

Skills

Market knowledge

Relationship management

Trading experience

Communication skills

Negotiation skills

Tools

Bloomberg

TT

CQG

CME Direct

ICE

Eurex

Job description

Group Overview

Group Overview The 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

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 Market Knowledge

• 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 know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.

Location

USA - 200 Vesey Street - New York, NY

Connecting clients, communities and colleagues for sustainable growth

More about us

TP ICAP connects people, platforms, ideas, and insight across the world’s financial, energy and commodities markets. As a global leader in market infrastructure and data-led solutions, we enhance market access, increase efficiencies, and unlock possibilities. 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.

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. Connections are at the heart of what we do. 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.