At a Glance
- Tasks: Support trading operations and ensure accurate pricing for metals on a global scale.
- Company: Join the London Metal Exchange, a leader in industrial metals trading.
- Benefits: Enjoy a competitive salary, health benefits, and opportunities for professional growth.
- Other info: Diverse and inclusive workplace with excellent career advancement opportunities.
- Why this job: Make an impact in the dynamic world of trading while learning from industry experts.
- Qualifications: Basic understanding of market terminology and eagerness to learn about trading operations.
The predicted salary is between 35000 - 45000 £ per year.
Shift Pattern: Standard 40 Hour Week (United Kingdom)
Scheduled Weekly Hours: 40
Corporate Grade: F - Officer
Reporting Line: (UK Division) Trading & COO
Location: UK-London
Worker Type: Permanent
About the London Metal Exchange
The London Metal Exchange (LME) is the world centre for industrial metals trading. Most of the world’s global non-ferrous futures business is conducted on the LME’s three trading platforms totalling $21 trillion, 191 million lots and 4 billion tonnes notional with a market open interest high of 2.1 million lots in 2025. The metals community uses the LME, an HKEX Group company, as a venue to transfer or take on price risk, as a physical market of last resort and as the provider of transparent global reference prices.
Overall Purpose
- To provide support for first-line supervision for all trading activity on the Ring and electronically (LMEselect).
- To provide support for the determination of the LME’s Futures reference prices, both on the Ring and on LMEselect.
- To support the Ring Disciplinary Committee responsible for ensuring conformity to the LME’s Ring Dealing Regulations and Code of Conduct.
- To provide support to ensure the Error Trade Policy and Dynamic Price Bands on LMEselect are managed effectively.
- To support and learn the procedures for participating on the Benchmark Pricing Function in the determination of the Platinum and Palladium auction prices.
- To provide support for the determination of the Closing Prices for Traded Options.
- To learn and support all processes across LME venues and functions managed by Trading Operations.
Responsibilities
- Supporting role to ensure the LME’s reference prices are determined in a manner that promotes the LME and meets the commercial and regulatory requirements of the job in full.
- Supporting the Quotations Committee on the Ring for the determination of Official and Closing Prices.
- Supporting role for the enforcement of the LME’s Ring Dealing Regulations and Code of Conduct; this involves gaining a thorough understanding of the disciplinary procedures for rule breaches.
- Supporting role for the establishment of Settlement Prices on LMEselect for Ferrous Prices and other cash-settled futures traded electronically.
- Carry out the daily procedures around the Error Trade Policy and Dynamic Price Bands on LMEselect and to support the management to ensure they are policed effectively and consistently, with all relevant information updated and documented.
- Supporting the daily procedure for the determination of the Closing Prices for Traded Options using LMEprism by making reference to all relevant trading activity and participant submissions.
- Supporting role to ensure the Platinum and Palladium prices are determined effectively through daily auctions on LMEbullion.
- Provide regular updates to LMEC on all relevant pricing-related matters, and to ensure the reference price are transmitted accurately on a daily basis through LMEprice.
- Provide Market Surveillance with all relevant observations and referrals from trading activity across LME venues.
- Effectively deal with all stakeholder queries relating to LME’s pricing procedures and Trading Operations in general.
- Recommend and promote enhancements to the management on issues that will benefit the LME’s price discovery procedures, and to participate in all relevant projects and initiatives.
- Assist with tutorials and education to LME staff on issues relating to price discovery for Futures and Options.
Knowledge and Experience Desired
- A reasonable knowledge of market terminology.
- An understanding of the LME prompt date and contract structure.
- An understanding of the forward price curve for each metal.
- A basic understanding of electronic trading.
- A basic understanding of the LME Trading Regulations.
- A basic knowledge of Traded Options.
- A basic understanding of the relevant Benchmark Regulations.
- To be in the process of studying for the LME probationary dealers exam.
The LME is committed to creating a diverse environment and is proud to be an equal opportunity employer. In recruiting for our teams, we welcome the unique contributions that you can bring in terms of education, ethnicity, race, sex, gender identity, expression & reassignment, nation of origin, age, languages spoken, colour, religion, disability, sexual orientation and beliefs. In doing so, we want every LME employee to feel our commitment to showing respect for all and encouraging open collaboration and communication.
Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code:388) and one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metals Exchange. As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets. HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.
Trading Operations Analyst employer: Hong Kong Exchanges
Hong Kong Exchanges is an exceptional employer, offering a dynamic work environment in the heart of London where innovation meets tradition. With a strong focus on employee growth, we provide extensive training and development opportunities, fostering a culture of collaboration and excellence. Our commitment to compliance and accuracy in trading operations ensures that you will be part of a team that values integrity and professionalism, making your contributions meaningful and impactful.
StudySmarter Expert Advice🤫
We think this is how you could land Trading Operations Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with yours. This will help you stand out and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice your interview skills with friends or family. Get comfortable answering common questions and discussing your experiences. The more you practice, the more confident you'll feel when it’s time to shine!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Trading Operations Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Trading Operations Analyst role. Highlight relevant experience and skills that match the job description, like your understanding of market terminology and electronic trading.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this role. Share your passion for trading operations and how your background aligns with the responsibilities outlined in the job description.
Showcase Your Knowledge:Demonstrate your knowledge of the LME and its trading processes in your application. Mention any relevant studies or experiences that show you understand the industry and are eager to learn more.
Apply Through Our Website:We encourage you to apply directly through our website. This ensures your application gets to the right people and shows us you're serious about joining our team at the LME!
How to prepare for a job interview at Hong Kong Exchanges
✨Know Your Metals
Make sure you brush up on your knowledge of market terminology and the LME's contract structure. Understanding the forward price curve for each metal will give you a solid foundation to discuss during the interview.
✨Familiarise with Trading Regulations
Get to grips with the LME Trading Regulations and the Error Trade Policy. Being able to discuss these topics confidently will show that you're serious about the role and understand the importance of compliance in trading operations.
✨Show Enthusiasm for Learning
Express your eagerness to learn about the Benchmark Pricing Function and how prices are determined. Mention any relevant studies or exams you're pursuing, like the LME probationary dealers exam, to demonstrate your commitment to the field.
✨Prepare Questions
Have a few insightful questions ready about the role and the company. This not only shows your interest but also gives you a chance to assess if the company culture aligns with your values, especially regarding diversity and collaboration.
