Trader, Equity Trading

PanAgora Asset Management, Inc.; Boston, Northern (MA, KY); Hybrid; USD 120,000 - 180,000; Full time

Job summary

PanAgora Asset Management, Inc. seeks an experienced Trader to implement investment decisions across Equity, FX, Synthetic and Options desks. The role reports to the Director of Equity responsible for trading and portfolio construction.

The trader will execute orders, communicate market activity to Investment Teams, and collaborate with the desk to build proprietary tools. Strong programming and data analytics skills are essential to automate processes and enhance trading capabilities.

Qualifications

• 5+ years of experience trading equities in global markets.
• Proficiency with Python, SQL, and AI-enabled development tools.
• Experience with OMS/EMS systems (Enfusion or Newport preferred).

Responsibilities

• Execute orders in global markets to ensure portfolios are properly positioned.
• Communicate trade performance, relevant news and market activity, and trading strategy to the Investment Teams.
• Perform administrative assignments: Interact with trading operations to ensure data integrity.
• Reconcile post-trade details with the brokerage community to ensure proper settlement of executions.
• Perform transaction cost research to enhance the firm’s trading capabilities and increase the team’s electronic trading capabilities.
• Partner with Investment Team members and the desk to design and develop proprietary trading tools that enhance execution, workflow efficiency, and decision-making.
• Leverage programming, data analytics, and AI technologies to automate processes, improve market insights, and support scalable trading operations.

Skills

Trading equities

Electronic trading

Programming & data analytics

Python & SQL

Team player

Education

BA/BS in finance or related

Tools

OMS

EMS

Enfusion

Newport

Job description

Company Overview

Company Overview Founded in 1989, PanAgora (Greek for across marketplace) Asset Management is a premier provider of investment solutions spanning most major asset classes and risk ranges. We seek to provide investment solutions using sophisticated quantitative techniques that incorporate fundamental insights and vast amounts of market information. While PanAgora’s investment strategies are highly systematic in nature, the processes deployed within these strategies are built and overseen by talented professionals with significant and diverse investment experience. Innovative research plays a central role in our investment philosophy and process, and is an essential component of our firm’s ability to deliver attractive investment solutions. Investment teams are organized into an Equity Strategies group and a Multi Asset Strategies group. Most investment team members are engaged in original research using fundamental intuition, market intelligence, modern finance and scientific methods. We are committed to providing clients with reliable investment processes, consistent performance, transparency, and access to our investment resources. Our client base is comprised of institutional investors across the globe, including public & private retirement funds, sovereign wealth funds, endowments & foundations, and sub-advisory mandates.

Summary

Summary Working as part of a team of traders, which are embedded in the Investment Team, the primary responsibility for the Trader is to implement PanAgora’s investment decisions. The desk is responsible for executing orders across products; Equity, Foreign Exchange, Synthetic and Options. These orders will span; the Emerging & Developed Markets, Electronic and Sell-Side Desk Trading, Special Situations and Long-term rebalance baskets. This position will report to the Director of Equity responsible for trading and portfolio construction.

Primary Duties and Responsibilities

• Execute orders in global markets to ensure portfolios are properly positioned.
• Communicate trade performance, relevant news and market activity, and trading strategy to the Investment Teams
• Perform administrative assignments: Interact with trading operations to ensure data integrity
• Reconcile post-trade details with the brokerage community to ensure proper settlement of executions
• Perform transaction cost research to enhance the firm’s trading capabilities and increase the team’s electronic trading capabilities.
• Partner with Investment Team members and the desk to design and develop proprietary trading tools that enhance execution, workflow efficiency, and decision-making.
• Leverage programming, data analytics, and AI technologies to automate processes, improve market insights, and support scalable trading operations.

Essential Skills

• 5+ years of experience trading equities in global markets or execution research
• Strong working knowledge of equity markets, algorithms and electronic trading tools
• Prior experience creating intra-day trading strategies is a plus
• Experience with programming, automation, and data analytics, including knowledge of Python, SQL, and AI-enabled development tools, is strongly preferred to support the continued evolution of the firm’s trading and investment capabilities
• Experience with an OMS and EMS is required, with Enfusion and/or Newport experience a plus
• BA or BS degree required: major in finance, computer sciences, operations management, engineering, mathematics or similar discipline is preferred
• Team player; willingness to work with people at all levels to promote the firm’s common interests, and to work tirelessly toward the achievement of both departmental and personal goals

Equal Opportunity and Diversity Statement

PanAgora is an equal opportunity employer and provides equal employment opportunities to job applicants and employees without regard to race, religion, sex, marital status, color, national origin, age, physical or mental disability, veteran status, pregnancy, ancestry or sexual orientation.

PanAgora is committed to maintaining an environment that is free from discrimination as well as adhering to applicable federal and state laws.

Company Culture & Core Values

Our culture thrives on collaboration and creativity. We believe encouraging diversity of thought generates new perspectives that contribute to the overall investment debate, allows for focused collaboration, and ultimately leads to investment innovation. We nurture and promote our culture with a focus on the following principles: Our Core Values Team - At PanAgora, we maintain that a team approach to investing fosters collaboration and compounds the value of insights contributed by any single team member. Research - We believe a holistic approach to research that emphasizes the identification of market inefficiencies, often overlooked by traditional academic research, contributes to the development of more robust idea generation. PanAgora’s strategies combine the firm’s fundamental investment philosophy and original research with an advanced quantitative framework. Service - We seek to provide flexible investment solutions tailored to the evolving needs of our clients. We pair an array of investment offerings with a high degree of transparency in an effort to ensure that our clients understand the drivers of past performance and have proper expectations for the future. We focus on providing unfettered access to experienced client services and investment professionals, and pride ourselves on providing accurate and timely communication with our clients.