Senior FX Futures and Spot Trader

TransMarket Group L.L.C.; Chicago (IL); Hybrid; USD 180,000 - 280,000; Full time

Benefits offered by this job

Profit sharing

Job summary

TransMarket Group in Chicago, IL, seeks a Senior FX Futures and Spot Trader to join a fast-paced, on-site trading floor. You will trade FX futures and spot instruments, build quantitative tools, and manage real-time execution using rigorous risk controls.

The ideal candidate has 5+ years of profitable FX trading experience, advanced degrees in a quantitative field, and strong Python programming for analysis. You will mentor junior traders and collaborate across desks in a highly dynamic firm.

Qualifications

• 5+ years of experience trading FX futures and spot with profitability.
• Strong quantitative background in finance and mathematics.
• Advanced degree(s) in a quantitative field are preferred.
• Proficiency in programming for quantitative analysis is required.

Responsibilities

• Trade FX futures and spot instruments leveraging FX market fundamentals.
• Develop and maintain quantitative tools for strategy optimization.
• Manage real-time trade execution with robust risk controls.
• Collaborate with traders to refine trading strategies.
• Mentor Junior Traders and share FX market insights.

Skills

FX trading

Quantitative analysis

Risk management

Mentorship

Education

Bachelor's in Financial Engineering

Master's in Statistics

Doctorate in Mathematics

CS-related degree

Tools

Python

Job description

Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm in Chicago. We use next-generation technology to capture opportunities around the world and manage risk in financial markets. Our mission is to bless others through the services we provide and through the generous stewardship of the wealth we create.

TMG is a well-established and profitable business as a respected member of the global financial system for over 40 years, but also is like a startup because the potential of our group is at least one order of magnitude greater than what we are currently producing. We have an entrepreneurial culture and collaboratively develop our business with patience and discipline; we work hard, learn constantly, and relentlessly improve our expertise.

Description

Our Quantitative Traders are dedicated to enhancing the global economy by facilitating risk transfer and restoring price equilibrium. At TransMarket Group, you'll collaborate with a team committed to eliminating inefficiencies and managing risk in the world's financial markets. As a Senior FX Futures and Spot Trader, you'll leverage the firm's robust capital base and resources to elevate your trading strategies. The ideal candidate possesses a proven track record of disciplined trading, niche expertise in FX markets, and exceptional risk assessment and management skills.

Responsibilities

• Utilize deep expertise in FX market fundamentals, quantitative modeling, and risk management to trade FX futures and spot instruments.
• Develop and maintain quantitative tools and analytics for strategy optimization.
• Manage real-time execution of trading systems, ensuring efficient trade execution.
• Collaborate with fellow traders to share insights and refine trading strategies.
• Mentor Junior Traders, fostering their development and understanding of FX markets.

Requirements

• Minimum of 5 years of experience trading FX futures and spot markets with a consistent track record of profitability.
• Bachelor's, Master's, or Doctorate in Financial Engineering, Statistics, Mathematics, Computer Science, or a related field.
• Strong understanding of FX market structures, including spot, forwards, and futures.
• Demonstrated passion for financial markets and trading.
• Proficient in Python or similar programming languages for quantitative analysis.
• Attention to detail with the ability to make sound judgments under pressure.
• Strong work ethic and a collaborative mindset.
• Ability to thrive in a fast-paced trading environment.
• This position requires physical presence and is on-site (all 5 days) at our office in Chicago, IL.

We offer one of the most generous profit sharing programs in the industry because we believe our employees should be able to take part in our rapid growth and success. We are proud to offer more world-class benefits for our full-time employees and their families.

TransMarket Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, gender, sexual orientation, gender identity or expression, religion, national origin, marital status, age, disability, veteran status, genetic information, or any other protected status.