Full-Time

Trade Desk Specialist

Pragma

Posted on 8/13/2024

MarketAxess

MarketAxess

501-1,000 employees

Institutional electronic trading platform for fixed-income

Data & Analytics
Financial Services

Compensation Overview

$115k - $160kAnnually

+ Annual Cash Incentives + Equity

Junior, Mid

New York, NY, USA

Hybrid environment requires a mix of in-office and remote work.

Category
Risk Management
Sales & Trading
Finance & Banking
Requirements
  • 2+ years of experience in Equities electronic trading with a preference for having covered the broker-dealer community.
  • Must have FINRA Series 7 & 63 or be able to obtain them within the first three months of joining.
  • Strong attention to detail in both written and verbal communication.
  • Ability to operate efficiently in high pressure situations.
  • Ability to empathize and build rapport with clients.
  • Knowledge of electronic trading in FX, Credit or Rates a plus.
  • Bachelor's degree or equivalent (Comp Sci. or Engineering a strong plus).
Responsibilities
  • Manage trading risk by monitoring and analyzing Equities order flow.
  • Become an expert in equity market structure to better service clients with time-sensitive trading issues and inquiries related to trading performance, logic, and suspected problems.
  • Manage client requests and algorithmic configurations for Pragma’s clients.
  • Work closely with Product and Sales to scale up the business.
  • Opportunity to gain exposure and learn about electronic trading and market structure in other asset classes (Credit, FX and Rates).

MarketAxess operates an electronic trading platform focused on fixed-income markets, allowing institutions to trade bonds more efficiently. The platform connects over 2,000 firms, including major asset managers and broker-dealers, who use its patented technology to enhance liquidity and improve execution quality. A key feature is the Open Trading™ marketplace, which facilitates all-to-all trading, creating a diverse liquidity pool for credit market participants. Additionally, MarketAxess provides automated trading solutions, market data products, and various pre- and post-trade services, leveraging its extensive data resources. Unlike competitors, MarketAxess emphasizes a unique trading environment that fosters collaboration among a wide range of market players. The company's goal is to streamline bond trading processes, reduce costs, and enhance overall market efficiency.

Company Stage

IPO

Total Funding

$41.1K

Headquarters

New York City, New York

Founded

2000

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased electronic trading adoption in emerging markets boosts MarketAxess' growth potential.
  • Integration with S&P Global enhances MarketAxess' market data offerings for clients.
  • Recent investments indicate strong investor confidence in MarketAxess' future growth.

What critics are saying

  • Competition from platforms like Tradeweb and Bloomberg may erode MarketAxess' market share.
  • Leadership changes could lead to strategic shifts or instability within the company.
  • Expansion into emerging markets exposes MarketAxess to geopolitical risks and currency volatility.

What makes MarketAxess unique

  • MarketAxess' Open Trading™ is a unique all-to-all trading solution in credit markets.
  • The platform offers comprehensive pre- and post-trade services, enhancing client trading efficiency.
  • MarketAxess integrates extensive market data and analytics, providing superior insights to clients.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

401(k) Company Match

Employee Stock Purchase Plan

Wellness Program

Mental Health Support

Tuition Assistance and Professional Development

Onsite Healthcare

Generous Parental Leave

INACTIVE