A Securities or Commodities Trader trades securities or commodities electronically or on a trade or auction floor such as a stock exchange. Securities include stocks and bonds; commodities include products such as oil, gold, or corn. Monitors financial markets and the performance and price of different securities. Negotiates prices and terms for a sale or trade.
Research and trade FTR and congestion opportunities across one or more ISO/RTO markets. Develop, test, implement, and refine quantitative trading strategies. Analyze trades, positions, portfolio exposures, market conditions, and new trading opportunities. Manage strategy and portfolio risk throughout the full trading lifecycle. Apply statistical, probabilistic, modeling, and programming techniques to power-market problems. Collaborate with traders and analysts while helping mentor junior members of the FTR team.
WHAT WE'RE LOOKING FOR
2+ years of experience as an FTR Trader or in a closely related congestion/power trading role. Strong working knowledge of at least one ISO/RTO. Experience with the complete lifecycle of a trading strategy. Portfolio and trading risk-management experience. Experience with quantitative modeling and programming. Strong analytical ability with comfort using probability and statistics to solve trading problems. Ability to operate effectively in a fast-moving trading environment.
A bit about us:
- A highly sophisticated quantitative trading firm is expanding its Financial Transmission Rights trading operation in New York and is looking for an experienced FTR Trader to join the team. This role is built for someone who can contribute immediately across congestion markets while continuing to develop new strategies across multiple ISO/RTOs. You will have exposure to the complete lifecycle of a trading strategy, including research, modeling, implementation, portfolio construction, risk management, and ongoing performance analysis. You will work alongside experienced FTR traders and analysts while also collaborating with other trading desks across the firm. The environment is highly quantitative and research-driven, with significant emphasis on continually developing better strategies, technology, and trading processes. Why join us? - $250,000-$300,000 base salary. Annual discretionary bonus. Opportunity to join a growing FTR trading operation. Direct exposure to experienced traders and quantitative analysts. Cross-desk collaboration within a sophisticated proprietary trading environment. Significant opportunity to contribute to new trading strategies, technology, and processes. #accounting-finance #quantitative-research #ftr-trading #multi-iso #multi-rso #strategy-ownership #tier2
