Systematic Execution Trader
Systematic Execution Trader
MILLENNIUM
Millennium Management LLC is a global hedge fund with more than 3,000 employees and offices in the United States, Europe and Asia. We were founded in 1989, and we employ a global multi-strategy investment approach, opportunistically engaging in a broad array of trading and investing strategies including: Relative Value Fundamental Equity, Statistical Arbitrage, Fixed Income, Merger Arbitrage, Futures/Currency, and Options among others.Millennium has differentiated itself from other investment management firms through our consistent ability over the last 25 years to generate returns that have not been correlated to the general market.
The talent and dedication of our people are critical to our success. We offer an opportunity for developing one’s professional career while working with individuals trained in a variety of disciplines in a collegial and dynamic environment. We also offer a broad range of competitive benefits on a global basis.
Job Function Summary
The Execution Trader will have primary trading responsibility for multiple portfolio managers (“PMs”) covering multiple sectors. The execution trader will need to interact with the sell side & multiple ECN’s (electronic trading networks) to achieve best execution.The successful candidate will create strong internal and external relationships, provide coverage for systematic strategies, and offer market news and color to the PMs contributing to the overall revenue generation.
Principal Responsibilities- Provide multi-asset class trading expertise primarily in equity and futures markets but also in FX and options.
- Monitor automated trading systems and algorithmic trading activity.
- Execute trades as directed by PMs.
- Provide market and trading color to PMs; use market and sector knowledge to assist PMs with timing and implementation of trade ideas.
- Build and maintain relationships with sell-side brokers and traders.
- Assist PMs with commission tracking and allocation.
- Provide management with information on PM trading activity.
- Bachelor's degree
- Must have sell-side (electronic sales trader) or a Systematic Buy side execution trading totaling 3 year's experience minimum.
- Multi Asset Knowledge: Equities (core), Futures, Options, FX, Fixed Income (nice to have).
- Previous experience covering multi-PM's in a high-volume environment.
- General tech skills- understanding front end trading guis, excel macros, and coding a plus.
- Detail oriented; Demonstrates thoroughness and strong ownership of work.
- Good team player with a strong willingness to participate and help others.
- Able to prioritize in a fast moving, high pressure, constantly changing environment; Good sense of urgency.
- Strong communication skills.
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