At a Glance
- Tasks: Execute trades in interest rate futures and options across global exchanges.
- Company: Fast-growing agency brokerage specialising in interest rate derivatives.
- Benefits: Competitive compensation, remote work flexibility, and professional growth opportunities.
- Other info: Collaborative culture with cutting-edge trading technology and exposure to top-tier hedge funds.
- Why this job: Join a tech-driven firm and make an impact in fast-paced trading environments.
- Qualifications: 1-5 years of experience in executing listed futures and options.
The predicted salary is between 50000 - 70000 £ per year.
We are a fast-growing agency brokerage specializing in interest rate derivatives, partnering with the world’s leading hedge funds. We are a technology-driven firm, building our own software and automation infrastructure to redefine the agency brokerage model. As we continue our rapid global expansion, we are strengthening our execution team with ambitious, technically skilled traders who thrive in fast-moving markets.
As part of the execution team, you will focus on trading listed interest rate futures and options across G3 currencies on global exchanges and liquidity pools. You’ll be directly involved in the execution of contracts such as TY, SOFR, ESTR, and RX, managing orders across electronic trading systems, the Chicago pits, and through call-around activity with market makers and liquidity providers.
Your role will require deep understanding of futures and options structures, including spread trading, delta and gamma hedging, and pricing synthetics. You’ll work closely with clients and internal teams to deliver best execution and maintain market-leading performance in highly competitive environments.
Key Responsibilities- Execute listed interest rate futures and options across global exchanges and multiple liquidity pools.
- Manage complex order flows including spreads, strips, and options strategies.
- Calculate and manage hedges, Greeks, and synthetic prices in real time.
- Execute trades electronically, in-pit (Chicago), and via call-around with liquidity providers.
- Maintain a high level of market awareness, monitoring interest rate trends, volatility, and liquidity dynamics.
- Support automation and workflow improvements within the trading technology stack.
- Experience: 1–5 years executing listed futures and options in interest rate derivatives markets (TY, SOFR, ESTR, RX, etc.).
- Derivatives Expertise: Solid grasp of futures and options mechanics, including implied pricing, calendar spreads, and volatility trading.
- Execution Skills: Proven ability to navigate exchange-traded and OTC hybrid workflows, including blocking, crossing, and synthetic construction.
- Technical Proficiency: Comfort with electronic trading platforms, order management systems, and pricing tools.
- Shift Flexibility: Willingness to cover New York trading hours (12–10pm London time), with flexibility to work remotely for late shifts.
- Mindset: Detail-oriented, disciplined, and motivated to excel in fast-paced markets with a focus on precision and continuous learning.
Exposure to global fixed income markets and top-tier hedge fund clients. Opportunity to develop deep expertise in futures and options execution. Collaborative, high-performance environment with cutting-edge trading technology. Competitive compensation and a clear path for professional growth in trading and execution.
Execution Trader - Futures and Options & Interest Rates in City of London employer: Marlin Selection Recruitment
Contact Detail:
Marlin Selection Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Execution Trader - Futures and Options & Interest Rates in City of London
✨Tip Number 1
Network like a pro! Reach out to industry contacts, attend trading events, and join relevant online forums. The more people you know in the field, the better your chances of landing that dream role.
✨Tip Number 2
Show off your skills! Prepare for interviews by practising your execution strategies and market analysis. Be ready to discuss your experience with futures and options, and how you can contribute to our tech-driven approach.
✨Tip Number 3
Stay updated on market trends! Keep an eye on interest rate movements and volatility. This knowledge will not only impress interviewers but also help you make informed decisions during your trading career.
✨Tip Number 4
Apply through our website! We love seeing candidates who are genuinely interested in joining our team. Make sure your application reflects your passion for trading and your understanding of the role.
We think you need these skills to ace Execution Trader - Futures and Options & Interest Rates in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience with interest rate derivatives and trading strategies. We want to see how your skills align with the role, so don’t be shy about showcasing your relevant achievements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about trading and how you can contribute to our execution team. Keep it concise but impactful – we love a good story!
Showcase Your Technical Skills: Since we’re a tech-driven firm, it’s crucial to highlight your proficiency with electronic trading platforms and order management systems. Let us know how you’ve used technology to enhance your trading performance in the past.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Marlin Selection Recruitment
✨Know Your Derivatives Inside Out
Make sure you brush up on your knowledge of futures and options, especially the specific contracts mentioned like TY, SOFR, ESTR, and RX. Be prepared to discuss spread trading, delta and gamma hedging, and how you would approach pricing synthetics in real-time.
✨Showcase Your Technical Skills
Since this role is heavily reliant on technology, be ready to talk about your experience with electronic trading platforms and order management systems. If you've worked on any automation or workflow improvements, share those examples to demonstrate your technical proficiency.
✨Demonstrate Market Awareness
Stay updated on current interest rate trends and volatility dynamics. During the interview, reference recent market movements and how they might impact trading strategies. This shows that you’re not just knowledgeable but also actively engaged in the market.
✨Exhibit a Collaborative Mindset
This role involves working closely with clients and internal teams, so highlight your teamwork skills. Share examples of how you've successfully collaborated in high-pressure environments, and express your enthusiasm for contributing to a high-performance team.