Junior Trader
Primary responsibilities include:
- Trades listed and OTC securities using brokers, Electronic Communication Networks (ECN’s), ATS’s and/or crossing networks
- Monitors any incoming news, research, or reports
- Communicates trade thoughts and news to portfolio managers and research teams
- Produces in-house trading reports that summarize all trading activity from previous day
- Takes reports from brokers and other execution venues
- Works with trading operations department to resolve trade “breaks”
- Determines the overall reasonableness of transaction costs while taking into account such factors as market condition, size and timing of the order, depth of the market, per share price, difficulty of execution, financial responsibility and broker commitment
- Monitors and evaluates the performance and execution capabilities of brokers to ensure that clients consistently receive executions of superior quality
- Executes rebalancing ASAP trades and checks executions
- Monitors and executes F/X trading
- Trades International markets when needed on a back up basis
- Performs special projects and other duties as assigned
Knowledge/Experience:
- Bachelor’s degree with 2-5 years of relevant experience in the securities industry
- Equity trading required, options trading experience a plus
- Knowledge of trading operations, products and services, and company investment philosophy
- Assumes knowledge of markets, macroeconomics, statistical and economic research techniques, broker relations, and company operations and functions as they relate to trading operations.
- Strong work ethic with initiative, flexibility and resilience, eagerness to learn, and drive
Submit a cover letter (optional) and resume detailing trading experience to hr@driehaus.com. Reference job code [JRT] when applying.
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