Electronic Trading - Technical Equities Analyst

Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.

We are seeking a highly analytical and technically skilled Electronic Trading Analyst to join our UK Equities team. This role is ideal for someone passionate about market microstructure, electronic execution, and data-driven decision-making. You'll work closely with traders, technologists, and external partners to optimise trading performance and shape the future of our electronic trading capabilities.

Key Responsibilities

• You will analyse UK equities trade flows, with a particular focus on electronic and algorithmic execution. This includes monitoring trading performance across venues and strategies, identifying patterns and anomalies, and delivering actionable insights to traders on execution trends and venue dynamics.
• You'll collaborate closely with traders and technology teams to refine execution strategies such as VWAP, TWAP, POV, and Implementation Shortfall.
• Your input will help enhance smart order routing and algorithmic logic, and contribute to the strategic roadmap for trading tools and analytics.
• The role involves working with stakeholders across IT, compliance, and external vendors (including EMS/OMS providers and algo developers) to support infrastructure improvements.
• You'll also assist client trading teams and distribution with analytics, presentations, and custom studies.
• You'll be responsible for producing regular reports and dashboards on trading performance, liquidity metrics, and market trends.
• Additionally, you'll research new tools and datasets to enhance decision-making, including transaction cost analysis (TCA) and pre-/post-trade analytics.

Core Skills and Knowledge

• Strong understanding of UK equity markets, venues (LSE, CBOE Europe, Turquoise), and liquidity dynamics.
• Experience in electronic trading or market structure analysis.
• Proficiency with EMS/OMS platforms, especially Fidessa.
• Familiarity with algorithmic trading strategies and smart order routing.
• Technical fluency in Python, SQL, and Excel (including VBA).
• Solid grasp of FIX protocol and experience with FIX hubs and connectivity.
• Deep understanding of FIX message structures (e.g., NewOrderSingle, ExecutionReport).
• Experience with FIX hubs, gateways, and troubleshooting.
• Knowledge of Smart Order Routers (SORs), algo wheels, and low-latency architecture.
• Understanding of internal crossing engines, dark pools, and liquidity aggregation.
• Exposure to global equities (US, EU, India) and cross-market trading rules.
• Experience with TCA platforms (e.g., Bloomberg BTCA, Virtu).
• Awareness of regulatory frameworks such as MiFID II.

As part of our collaborative & agile culture, our working week is 4 days in the office and one day remote. Investec offers a range of wellbeing benefits to make our people feel healthier, balanced and more fulfilled in their lives inside and outside of work. Here is a selection of what we offer; Wellbeing Subsidy, Corporate Gym Membership, Virtual GP, Peppy Health App (Fertility, Menopause and Early Parenthood), Optional Private Medical & Dental Insurance, Monetary Non-contributory Pension & Discretionary Bonus, Life & Income Protection, Life Assurance, Critical Illness & Income Protection, Travel Season Ticket Loan & Electric Vehicle Scheme.

Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation.

Please note that if you are NOT a passport holder of the country for the vacancy you might need a work permit.