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Trading Operations Associate (36338BE)
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We’re working with a globally recognised financial markets organisation at the heart of the international industrial metals market. They’re looking for a Trading Operations & Pricing Associate to join their London team, supporting the operation of one of the world’s most important metals trading venues. This is a specialist opportunity for someone with experience in a trading, exchange or market environment who is interested in the mechanics of price discovery, electronic trading and financial market infrastructure.
The Role
You’ll play a key role in the day-to-day oversight of trading activity across both the Ring and electronic trading platform, helping ensure that the market operates efficiently, fairly and in accordance with the relevant rules and regulations. A significant part of the role will involve the determination and management of the exchange’s reference and settlement prices, making this an excellent opportunity to develop deep expertise in how prices are established across global commodities markets. You’ll also work closely with teams including Market Surveillance, Trading Operations and senior stakeholders, while gaining exposure to a broad range of trading processes and functions.
What You’ll Be Doing
- Provide effective first-line supervision of trading activity across the Ring and electronic trading platform
- Participate in the determination of the exchange's Official, Closing and Settlement Prices
- Contribute to the Pricing Committee responsible for determining reference prices
- Ensure pricing procedures meet both commercial and regulatory requirements
- Apply and enforce relevant dealing regulations and codes of conduct
- Participate in disciplinary processes relating to trading rule breaches
- Manage procedures relating to Error Trades and Dynamic Price Bands
- Determine Closing Prices for Traded Options, taking account of relevant market activity and participant submissions
- Support compliance with Benchmark Regulation requirements
- Monitor trading activity and provide relevant observations and referrals to Market Surveillance
- Respond to stakeholder queries relating to pricing procedures and Trading Operations
- Contribute to projects designed to improve price discovery and trading processes
- Provide training and education to colleagues on price discovery across Futures and Options
- Work across different venues and functions within Trading Operations to build a broad understanding of the business
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What We’re Looking For
This is a specialist role, so we're looking for someone who already understands the trading environment and is comfortable working with market terminology, trading rules and pricing processes. You’ll ideally have:
- Around four years' experience working for a trading member/client, another exchange or within an exchange trading environment
- Experience or knowledge of electronic trading
- A strong understanding of market terminology and trading rules and regulations
- Knowledge of benchmark administrator responsibilities
- A thorough understanding of forward price curves across metals
- Experience with dealing regulations
- Knowledge of traded options would be advantageous
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You'll also need to be numerate, highly accurate and comfortable making decisions in a fast-moving environment where there is little room for error.
Technical Skills
You'll ideally have:
- Strong data input and analytical skills
- Good IT literacy
- Quick and accurate numerical skills
- Python – intermediate
- Power BI – intermediate
- SQL – beginner/intermediate
You’ll also bring
- The ability to remain calm and effective under pressure
- Excellent attention to detail and accuracy
- Strong interpersonal and communication skills
- Good commercial and business awareness
- Self-motivation and reliability
- A collaborative, team-oriented approach
- The ability to handle confidential information appropriately
- A genuine willingness to learn and develop
Relevant educational qualifications are required, including GCSEs (or equivalent) in Mathematics and English. Where applicable, candidates will also have completed the relevant LME probationary dealers examination.
Why this role?
This is a chance to develop specialist expertise in an environment that sits at the centre of global commodities trading and price discovery. You’ll gain exposure to both traditional and electronic trading, develop a detailed understanding of how reference and settlement prices are established, and work alongside teams responsible for market surveillance, regulation and trading operations. For someone with a trading or exchange background who wants to build a long-term career in financial market infrastructure and commodities, this is a particularly distinctive opportunity.
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