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For Companies At a Glance
- Tasks: Support brokers, manage trades, and monitor market data in a fast-paced environment.
- Company: Join TP ICAP, the world's largest interdealer broker, connecting clients to financial markets.
- Benefits: Receive comprehensive training, mentorship, and opportunities for career growth in finance.
- Why this job: Perfect for finance enthusiasts eager to learn and build a career in Equities.
- Qualifications: Interest in financial markets, strong communication skills, and a willingness to learn.
- Other info: Work in a dynamic team at our London office, engaging with top industry professionals.
The predicted salary is between 24000 - 36000 £ per year.
The TP ICAP Group is a world leading provider of market infrastructure.
Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.
Through our people and technology, we connect clients to superior liquidity and data solutions.
The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform.
The Group operates from more than 60 offices in 27 countries. We are 5,300 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.
About ICAP
ICAP, part of TP ICAP group, provides a wide variety of execution and information services to wholesale market participants.
We offer broking services covering a wide range of asset classes, including Commodities, Credit, Equities, FX, Money Market Funds and Rates.
For each asset class, ICAP offers e-trading capability, giving clients the option to enter prices and execute trades directly via one of our hybrid electronic trading systems, or to engage with brokers who can identify and negotiate trades.
Role Overview
ICAP Single Stocks refers to the broking services provided by ICAP (a division of TP ICAP Group) in trading single stock derivatives and other equity-related instruments. In the world of financial services, this involves facilitating trades in individual stocks rather than indices or other broader equity-related products. These services cater to institutional clients, such as hedge funds, asset managers, and proprietary trading firms, looking to execute sophisticated trading strategies.
This entry-level role is an excellent opportunity for someone passionate about financial markets, eager to learn, and ready to build a career specialising in Equities. You will receive comprehensive training and mentorship to develop the skills and knowledge necessary to excel in broking, with a focus on Equity Options, Swaps and Cash.
Role Responsibilities
- Promote TP ICAP Group
- Provide complete support to the brokers for the smooth running of the desk
- Ensure timely input of trades into trading systems
- Resolve any trade queries received internally and externally, and ensure any trade discrepancies are resolved in a timely manner
- Identify trade opportunities and calculate strategies
- Keep trade records up to date
- Update real-time manual / electronic whiteboards with market data
- Provide input on various projects for brokers and traders
- Provide trade details to brokers and traders on a daily basis
- Give live quotes to traders through the messaging systems
- Monitor markets and follow financial news and developments
- Understand the underlying products being traded and keep up to date with knowledge of new products/procedures
- Liaise with clients, (via telephone and face to face) to understand the business objectives of your clients as to provide a reliable and efficient broking service
- Develop new business with existing clients and on-board new clients following the correct process with the Client On-Boarding team
Experience / Competences
Essential
- Demonstrated interest and understanding in the financial markets and the economy, ideally within Equities
- Willingness to engage with internal and external stakeholders outside of the immediate desk environment
- Evidences professional and personal integrity at all times
- Hard working and willingness to learn
- Good communication skills, written and verbal
- Handles situations and problems effectively using own initiative
Desired
- Demonstrates ability to work effectively with others
- Seeks opportunities for improvements
- Demonstrates high levels of energy in seeking out and achieving new goals
- Ability to work effectively in a high-pressure environment, can keep emotions under control in difficult situations with proven resilience
Location
UK – 135 Bishopsgate – London
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Trainee Broker – ICAP Single Stocks employer: TP ICAP Group
Contact Detail:
TP ICAP Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trainee Broker – ICAP Single Stocks
✨Tip Number 1
Familiarize yourself with the latest trends in the financial markets, especially in Equities. Follow relevant news sources and market analysis to stay updated, as this knowledge will help you engage confidently with brokers and clients.
✨Tip Number 2
Network with professionals in the finance industry, particularly those involved in broking and trading. Attend industry events or webinars to make connections that could lead to valuable insights and potential job opportunities.
✨Tip Number 3
Practice your communication skills, both verbal and written. Being able to convey complex information clearly and effectively is crucial in a broking role, so consider joining groups or workshops that focus on public speaking or business communication.
✨Tip Number 4
Demonstrate your enthusiasm for learning by seeking out internships or entry-level positions in finance. Gaining practical experience will not only enhance your resume but also give you a better understanding of the broking environment.
We think you need these skills to ace Trainee Broker – ICAP Single Stocks
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Trainee Broker position. Understand the responsibilities and required skills, especially those related to financial markets and equities.
Tailor Your CV: Customize your CV to highlight relevant experiences and skills that align with the role. Emphasize any previous exposure to financial markets, communication skills, and your willingness to learn.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for financial markets and your eagerness to develop a career in broking. Mention specific reasons why you want to work at TP ICAP and how you can contribute to their goals.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail and professionalism.
How to prepare for a job interview at TP ICAP Group
✨Show Your Passion for Financial Markets
Make sure to express your genuine interest in financial markets, especially in Equities. Share any relevant experiences or knowledge you have about trading and market dynamics to demonstrate your enthusiasm.
✨Prepare for Technical Questions
Be ready to answer questions related to single stock derivatives and equity-related instruments. Brush up on key concepts and current market trends to showcase your understanding of the products you'll be dealing with.
✨Demonstrate Strong Communication Skills
Since the role involves liaising with clients and brokers, practice clear and concise communication. Be prepared to discuss how you would handle client interactions and resolve trade queries effectively.
✨Exhibit a Willingness to Learn
Highlight your eagerness to learn and grow within the role. Discuss any previous experiences where you took the initiative to acquire new skills or knowledge, showing that you're ready to embrace the comprehensive training offered.
