At a Glance
- Tasks: Support US equities trading with real-time execution and algorithmic monitoring.
- Company: Dynamic trading firm focused on electronic execution in US markets.
- Benefits: Competitive salary, flexible hours, and opportunities for professional growth.
- Other info: Work during US market hours with a focus on innovation and collaboration.
- Why this job: Join a fast-paced environment and make an impact in the trading world.
- Qualifications: 3-7 years in DMA or electronic trading support; strong analytical skills required.
The predicted salary is between 36000 - 60000 £ per year.
Location: London (US Market Hours)
Function: Trading / Electronic Execution
Role Summary
We are hiring a Direct Market Access (DMA) Specialist to support our US equities (and potentially multi-asset) electronic and high-touch execution activities. This is a front-office, desk-based role aligned with US trading hours, focused on DMA infrastructure, FIX connectivity, algorithmic execution support, and real-time monitoring of order flow. The position also offers the potential to expand into a broader execution / flow-trading remit as responsibilities grow and the business develops.
Key Responsibilities
- DMA & Real-Time Execution Support
- Provide real-time, desk-based support, actively monitoring US electronic order flow throughout the trading session.
- Ensure continuity and stability of DMA connectivity, routing configurations, and exchange access.
- Configure and support FIX order, execution, and drop-copy sessions.
- Diagnose and resolve issues such as rejects, connectivity interruptions, or latency anomalies in coordination with brokers and venues.
- OMS/EMS & Platforms
- Configure and maintain OMS/EMS workflows, routing tables, user profiles, and execution paths.
- Work with platforms including Bloomberg EMSX/TOMS and Trafix.
- Support UAT cycles, system upgrades, and production release testing.
- Algorithmic Execution
- Test and validate execution algorithms (VWAP, TWAP, POV, liquidity-seeking).
- Monitor algorithm performance, venue selection, and routing logic during live trading.
- Identify and escalate anomalies such as unexpected slippage or routing deviations.
- High-Touch Execution
- Handle selected US equity orders requiring manual oversight or execution discretion.
- Provide intraday liquidity insight, execution strategy considerations, and market colour.
- Coordinate with brokers, venues, and dark/auction mechanisms to support best execution.
- Risk & Controls (in close cooperation with Risk team)
- Configure and maintain pre-trade risk checks (max order size, price collars, credit limits, restricted lists).
- Participate in market access testing, exchange certification, and periodic control reviews.
- Ensure adherence to SEC, FINRA, exchange rules, and FCA compliance standards.
- Monitoring & Reporting
- Investigate and escalate execution anomalies or system irregularities.
- Work with Technology, brokers, and vendors to resolve issues efficiently.
- Produce execution metrics, incident reports, and performance analytics.
Qualification & Experience
- 3–7+ years of experience in DMA, electronic trading support, FIX connectivity, or execution services.
- Strong understanding of US equities market structure, including Reg NMS, dark pools, routing, and auctions.
- Proficiency with FIX protocol (4.x) and diagnosing FIX workflow issues.
- Experience with Bloomberg EMSX/TOMS and Trafix.
- Ability to analyse FIX logs, routing behaviour, latency patterns, and execution outcomes.
- Strong Excel skills; Python or SQL is an advantage.
- Excellent communication skills, attention to detail, and ability to operate independently during US market hours.
How to Apply
To apply, please send your CV and a brief note outlining your relevant experience and interest in the role to jobs-trading@gbmsecurities.com
DIRECT MARKET ACCESS (DMA) SPECIALIST - US MARKETS in London employer: GBM Securities
At our London-based firm, we pride ourselves on being an exceptional employer that fosters a dynamic and inclusive work culture. As a Direct Market Access Specialist, you will benefit from comprehensive training and development opportunities, ensuring your growth in the fast-paced world of electronic trading. Our commitment to employee well-being is reflected in our flexible working hours aligned with US markets, competitive compensation packages, and a collaborative environment that encourages innovation and excellence.
StudySmarter Expert Advice🤫
We think this is how you could land DIRECT MARKET ACCESS (DMA) SPECIALIST - US MARKETS in London
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We think you need these skills to ace DIRECT MARKET ACCESS (DMA) SPECIALIST - US MARKETS in London
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