Associate, FX Algo Developer (London)

As an Algo Developer on the eFX Market Making team, you will:
• Research strategies for tailoring our prices and controlling the behavior of auto-hedging
• Write production-quality code used for pricing and hedging FX instruments
• Oversee the algos’ performance intraday, verifying that pricing and hedging is behaving as expected and acting when needed to fix issues

What is the opportunity?

The eFX Market Making team manages our eFX trading.  We develop and run pricing and hedging algorithms that provide reliable pricing to our clients and automate our reactions to the market and our own risk.  The team is made up of algo traders with a diverse skill set of market microstructure knowledge, trading acumen, software engineering, and quantitative sophistication.

We are hiring in London for an algo developer who will expand and improve our algo trading stack.  These algos are responsible for price construction and the auto-hedging of our risk.  We are a Java shop, so the role requires Java proficiency, as well as some quant experience and knowledge of the microstructure of electronic markets. Our algos must work within tight latency constraints so experience writing low-latency code would be highly beneficial. Finally, we also use q/kdb and python so experience in these technologies is preferred.

What will you do?

As an Algo Developer on the eFX Market Making team, you will:

• Research strategies for tailoring our prices and controlling the behavior of auto-hedging
• Write production-quality code used for pricing and hedging FX instruments
• Oversee the algos’ performance intraday, verifying that pricing and hedging is behaving as expected and acting when needed to fix issues

What do you need to suceed?

In selecting candidates for this role, we look for the following:

• Personal ambition to deliver consistent and sustainable code—someone who takes prides in the quality of their software design
• Proficiency in Java

• Analytical thinker, able to propose innovative solutions to trading challenges

• Ability and curiosity to explore time series/unstructured data and formulate hypothesis that can be tested and verified

• Preferred:
  • Knowledge of FX pricing and electronic markets
  • Strong statistical and math background
  • Experience with zero-GC and low latency design patterns in Java
  • Proficiency in q/kdb and python

What is in it for you?

We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper.  We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Opportunities to work with the best in the field
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• A world-class training program in financial services
• Front office seat with daily exposure to market color and trading flow
• Grow your tech skills in widely used technologies and contribute your ideas to our trading stack
• Impact—the code you write directly affects the success of our desk
• FCA licensing required; bank will sponsor exams if needed

Job Skills

Additional Job Details

100 BISHOPSGATE:LONDONLondonUnited Kingdom35Full timeCAPITAL MARKETSRegularSalaried2024-10-022024-10-29