Sr. FX Sales Trader recruitment
Day-to-day Responsibilities Include:
Execute Foreign Exchange OTC, Cash, Currency Options and EFP transactions. In addition, keep customers updated on market news and views. This position is primarily focused on managing the liquidity and managing clients.
• Ascertain the best method for trade execution (spot/forward/EFP/options). This is accomplished by using information from the electronic trading platforms (EBS, Reuters 3000) and speaking with banks (discussing liquidity, pricing, and time frames.) A determination must be then be made by the trader on which bank to execute with and which currency
• Keep abreast of market news as well as keep customers informed of same
• Manage liquidity with our inter-bank counterparts
• Monitor EFP book. Monitor spreads between EFP and cash foreign exchange equivalent. Check and balance customer accounts.
• Trade input.
• Reconcile trade sheets at end of shift.
Qualifications Include:
• Basic knowledge of macro-economics, political developments, and market liquidity conditions.
• Knowledge of foreign exchange markets and market conventions
• Computer skills including Word, Excel and Lotus Notes
• Ability to understand economic, political and market changes and develop a strategy for trade execution.
• Excellent customer service skills.
• Must be available for entertainment with clients and/or office visit travel
• 5 Years previous experience
• BA or equivalent
• Fundamental economic analysis and some technical analysis capability and make decisions on that data.
• Ability to assess client's need relative to available projects and services.
• Understanding of sales process from sourcing prospects to closing the sale and customer follow-up
• Foreign Language skills helpful
Required Registrations: Series 3
Newedge is a leading force in global multi-asset brokerage with a world-leading position in the execution and clearing of listed derivative products. Newedge offers access to more than 85 markets and has a presence in 23 locations across 17 countries.
Newedge offers a full range of execution and clearing services covering options and futures contracts for financial products and commodities, as well as for money market instruments, bonds, FX, equities and commodities on OTC markets. 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.
Supported by two top tier rated shareholders, Société Générale and Crédit Agricole CIB, Newedge is independently run and regulated.
Newedge is an equal opportunity employer. For more information about Newedge, visit