Trainee Broker - Single Stock Options in London

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 operates from more than 60 offices in 27 countries and is home to a stable of premium brands.

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.

This is an exciting entry-level opportunity to begin a career in front-office financial markets within TP ICAP’s Equities & Equity Derivatives business. As a Trainee Broker on the Single Stock Options (SSO) desk, you will receive structured on-the-job training and gain exposure to dynamic global equity derivatives markets, working closely with experienced brokers and institutional clients. The role is ideally suited to a bright, motivated, and commercially curious individual who thrives in fast-moving environments, can think quickly, and enjoys working both independently and as part of a high-performing team.

The Single Stock Options desk focuses on the intermediation of listed and over-the-counter options on individual equities across key global markets. The desk plays a critical role in:

• Facilitating liquidity between institutional counterparties (e.g. banks, hedge funds, asset managers)
• Supporting client execution and market access across single name volatility products
• Providing real-time price discovery, volatility indications, and market colour
• Assisting clients with hedging, risk management, and tactical positioning strategies
• Interpreting macro-economic developments, corporate events, earnings cycles, and idiosyncratic equity drivers impacting option pricing

You will gain first-hand exposure to how equity markets, corporate fundamentals, volatility dynamics, and technical supply/demand factors influence pricing and trading strategies in the options market, including concepts such as implied volatility, skew, and Greeks.

Key Responsibilities

• Provide day-to-day operational and commercial support to brokers to ensure the smooth and efficient running of the desk.
• Develop a strong understanding of the credit products traded within Euro Financials, including market conventions and trade lifecycle.
• Monitor market movements, news flow, and macro-economic developments relevant to European financial issuers.
• Deliver live market quotes to traders and clients via messaging systems and trading platforms.
• Assist in identifying potential trade opportunities and relative value strategies.
• Accurately capture, calculate, and relay trade details and market information to brokers and clients on a daily basis.
• Maintain high standards of accuracy, professionalism, and confidentiality.
• Act as a positive ambassador for TP ICAP Group, promoting its values and reputation with internal and external stakeholders.

Experience & Competencies

Essential

• Foundational understanding of financial markets, with exposure to equities or derivatives preferred
• Demonstrated interest in equity markets, trading strategies, and market-driven environments
• Numerical and analytical skills, with the ability to interpret and communicate market data effectively
• Excellent verbal and written communication skills
• High attention to detail and ability to work with precision under pressure
• Ability to perform in a fast-paced, commercially driven trading environment
• Strong problem-solving mindset and intellectual curiosity
• High ethical standards and commitment to responsible market conduct

Desired

• Basic understanding of options theory (e.g. Black-Scholes, implied volatility, Greeks)
• Familiarity with financial market data platforms (e.g. Bloomberg, Refinitiv) or trading systems
• Additional European or global language skills
• Strong interpersonal and relationship-building skills
• Interest in corporate events, earnings cycles, and equity-specific catalysts
• High energy, resilience, and strong motivation to build a career in front-office broking

We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute.

Location: UK - 135 Bishopsgate - London