Sales – Cotton Futures recruitment
Why joining Newedge is a smart move
We are the top broker for listed derivatives. With our large flow, market makers call us daily. We provide trade ideas for clients. And our teams are collaborative.
Requirements
Requires a client list / existing book of business. Production-based and focuses on implementation of the strategic vision and business mandate of the Agricultural Commodities Business Line by:
- Developing Newedge’s market penetration
- Increasing client profitability through external sales (clients – new and existing) and internal cross-selling.
- Working in partnership with Newedge, your peers, supervisor(s) and Business Line Management, and support departments to be best-in-class.
- Sales of cotton futures to commercial clients
- Develop new client business by actively marketing Newedge products
- Assist customers in the formulation and implementation of hedging and trading strategies
- Take orders from customers
- Provide best execution
- Advise customers of market information, new products, and Newedge research
- Maintain and develop relationships with clients
- Manage all credit, risk, and operational aspects of a client-driven brokerage operation and act as principal liaison with your desk head and senior management on all aforementioned issues
- Focus on profitability for each client and growing our market penetration with traditional and non-traditional clients
- Improve levels of business passing through desk
- Support the desk in staffing decisions, training, recruiting, marketing, and e-business development
- Provide direction and guidance to junior members of staff
- Have a solid understanding and working knowledge of exchange hours, procedures, and products
- Use Newedge databases and business applications
Skills Required
- Must have market knowledge and experience in the industry
- Ability to make use of the above knowledge and act responsibly using sound decision-making skills
- The role requires sound numerical ability and literacy skills
- Technical skills are required to understand and use trading systems or communication tools, such as electronic trading platforms, instant messaging systems, or e-mail
- Excellent communication, marketing, and sales skills
- Knowledge of Newedge policies, procedures, and guidelines
- Needs to have a good understanding of the regulatory framework and rules of market exchanges and policies of Newedge
- Needs to understand the regulations applicable to the performance of the role
- Needs to build a good working relationship with Compliance and other control functions
- Must have unquestioned integrity, propriety, and accountability
Registrations Required
- Series 3
Exchanges
- ICE Futures
About Newedge
Newedge offers global multi-asset brokerage services across a broad range of listed and OTC derivatives and securities. As a Futures Commission Merchant, Newedge consistently ranks No. 1 or No. 2, based on the CFTC’s (US regulator) tracking of customer assets on deposit. As an independently run agency broker, we offer a very different and more effective service to investment banks. We are a leading force in global multi-asset brokerage, overseeing more than 20 offices across Europe, the Americas, the Middle East and Asia Pacific. Newedge offers access to over 85 of the world’s top derivative and stock exchanges, and has 3,000+ employees serving mainly institutional clients.
Newedge offers a full range of execution and clearing services covering options and futures contracts for financial products, as well as for money market instruments, bonds, FX, equities and commodities, including agricultural products and soft commodities, energy and emissions and metals.
Newedge also provides a range of value added services including Prime brokerage, asset financing, electronic trading and order routing, cross margining, and the centralized reporting of client portfolios.
We don't claim to make markets; we simply match buyers and sellers of risk. Like investment banks, we can't guarantee to sell a position - but because we don't take positions or underwrite deals (simply taking a turn on each trade), clients can be confident that we aren't front running them either.
Put simply, Newedge's agency broker business model minimizes risk and conflict of interest and maximizes our capability to construct and execute superior, relevant, client-focused solutions.