Trade Coverage

tp; New York (NY); On-site; USD 120,000 - 200,000; Full time

Job summary

Liquidnet, part of the TP ICAP Group, is seeking a senior role to cover Liquidnet ATS Members and manage institutional relationships in US equity markets from New York. You will drive intraday activity, ensure traders are logged in before the open, and proactively respond to match opportunities.

The role requires strong knowledge of ATS, liquidity metrics, and the ability to guide trading strategies and workflows.

Qualifications

• BS/BA degree preferred and strong market knowledge.
• Deep understanding of US equity trading venues and order flows.
• Experience with LN ATS language and block liquidity metrics.
• Willingness to travel as needed.

Responsibilities

• Provide primary account coverage for Liquidnet ATS Members including institutional, hedge, quant, multi-strategy and index funds.
• Manage senior level relationships primarily focused on trading desks.
• Drive intraday coverage cadence for each Member based on their preference and style.
• Drive system logins and ensure traders are present before the open.
• Respond to and address match opportunities throughout the day.
• Proactively identify intraday opportunities to sell and reinforce our products and services.
• Suggest intraday workflows on indications/broken matches.
• Advise on trading strategies for broken matches using market data.
• Influence Member usage of Liquidnet protocols.
• Coordinate with Production Support and Trade Support on trade issues.
• Prospect and convert new clients to Liquidnet platform.

Skills

BS/BA degree

US equity market knowledge

ATS language & liquidity metrics

Liquidity/Block trading experience

Professional writing/presentation

Travel flexibility

Education

BS/BA preferred

Tools

EMS/OMS systems

ATS platforms

Job description

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.

The Group operates from more than 60 offices in 27 countries. We are 5,300 people strong. We work as one to achieve our vision of being the world's most trusted, innovative, liquidity and data solutions specialist.

Liquidnet

Liquidnet is a leading technology-driven, agency execution specialist that intelligently connects the world's investors to the world's investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors that collectively manage $33 trillion in equity and fixed income assets. Our network spans 46 markets across six continents. We built Liquidnet to make global capital markets more efficient and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need.

Role Responsibilities:

• Provide primary account coverage for Liquidnet ATS Members including institutional, hedge, quant, multi-strategy and index funds.
• Manage senior level relationships primarily focused on but not limited to trading desks.
• Drive the cadence and rhythm for the intraday ATS coverage of each Member based on their preference and style.
• Drive system logins and ensure traders are present before the open.
• Respond to and proactively address match opportunities throughout the day.
• Proactively identify and leverage intraday opportunities to sell, reinforce and retrain on our products and services.
• Proactively suggest intraday workflows on specific indications/broken matches.
• Advise on a suitable trading strategy on broken matches/residuals using market data and ARM.
• Influence and guide Member behavior to enforce usage of the system that is within Liquidnet protocols.
• Respond to and address intraday client inquiries - answering question or escalating to appropriate parties.
• Effectively communicate with Production Support and Trade Support on the proper management and resolution of any trade situations.
• Prospect and convert new clients to Liquidnet platform
• Collaborate with team members to formulate wallet share maximization strategy.
• Develop and drive account plans in alignment with business OKR’s and KPI’s leading periodic reviews to monitor performance.
• Partner with team members to develop and execute coverage back up plan.
• Contribute to driving, marketing and selling our platform regionally and globally.
• Commit to ongoing continuing learning.
• Partner with FI, ETD and IA to deliver the entire firm.

Experience / Competencies: Essential

• BS, BA preferred.
• Multi-task oriented, high capacity qualitative and quantitative thinker with exceptional knowledge of US equity market function.
• Comprehensive knowledge of buy-side and sell-side trading techniques and order flow. In-depth understanding of markets, venues (dark and lit), ems/oms, SOR's wheels, service bureaus, ATS, exchanges and the technologies that drive and differentiate them.
• Comprehensive knowledge of the ATS block trading landscape, competitor capabilities and the LN competitive advantage.
• Expertise in LN ATS language and metrics that support the client experience and drive block liquidity/execution to the platform.

Experience / Competencies: Desired

• Knowledge of market microstructure and current regulatory landscape with an ability to anticipate changes that may affect business in the region in which we operate.
• Demonstrated capacity for collaborating with business segment leaders, product development teams, marketing, technology, compliance, and operations across region.
• Professional writing and presentation skills.
• Travel as needed.
• Series 7, 63, and 57 required. Not a necessity prior to employment.

Manager 6

Up to $200K