Job Title: Market Maker
Job Summary
The Market Maker is responsible for providing liquidity and maintaining orderly markets in financial instruments, such as stocks, bonds, derivatives, and other securities. This role involves quoting buy and sell prices, managing inventory risk, and facilitating smooth and efficient trading operations. The Market Maker works closely with traders, analysts, and clients to ensure fair and efficient market conditions.
Responsibilities
• Provide continuous bid and ask quotes for financial instruments, ensuring liquidity and maintaining market depth.
• Facilitate trades by matching buy and sell orders, and manage the execution of transactions in a timely and efficient manner.
• Monitor market conditions and adjust quotes and trading strategies to reflect changing market dynamics.
• Manage inventory risk by balancing long and short positions and implementing hedging strategies as necessary.
• Monitor and control risk exposures associated with market making activities, including price volatility and liquidity risk.
• Implement and adhere to risk management protocols and guidelines to minimize financial risk.
• Analyze market trends, trading volumes, and other relevant data to inform pricing strategies and trading decisions.
• Stay informed about economic news, market events, and developments that may impact market conditions and trading activities.
• Use quantitative analysis and trading algorithms to optimize trading strategies and improve market making performance.
• Provide liquidity and execute trades for institutional and retail clients, ensuring high-quality service and execution.
• Address client inquiries and provide information on market conditions, trading strategies, and order execution.
• Build and maintain relationships with clients and other market participants to support business development and market presence.
• Ensure compliance with regulatory requirements, internal policies, and industry standards related to market making activities.
• Maintain accurate records of trading activities, positions, and transactions for reporting and audit purposes.
• Prepare and submit reports on trading performance, risk exposures, and market conditions as required.
• Utilize trading platforms, algorithms, and other technology tools to support market making activities and optimize trading strategies.
• Collaborate with technology teams to enhance trading systems and address any technical issues affecting market making operations.
Qualifications
• Bachelor’s degree in Finance, Economics, Mathematics, or a related field. Advanced degrees or professional certifications (e.g., CFA) are a plus.
• Proven experience in market making, trading, or a related financial role.
• Strong understanding of financial markets, instruments, and trading strategies.
• Proficiency in quantitative analysis, financial modeling, and trading systems.
• Excellent analytical, problem-solving, and decision-making skills.
• Ability to work under pressure, manage multiple priorities, and respond quickly to market changes.
• Strong communication skills and the ability to interact effectively with clients and colleagues.
Location: Austin, TX, United States
Posted: Aug. 9, 2024, 8:47 p.m.
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