Broking / Electronic
As markets become more liquid and products become more standardised they are increasingly traded on electronic broking platforms. Interdealer brokers have developed their own trading platforms which offer lower costs, increased speed and ease of execution. A key strategic opportunity for ICAP is to create faster, more transparent, more efficient broking services using technology to constantly enlarge our available market and make it more economic for banks to trade through us rather than direct. ICAP's global network, of which the largest platforms are EBS for spot FX and BrokerTec for fixed income products, is highly scalable and offers connectivity to over 7,400 workstations and 1,500 algorithmic trading systems worldwide. Increasingly our networks are integrated with our customers' own post-trade networks.
Our electronic broking division currently accounts for 35% of Group Operating profit*and has had another strong year, despite short-term fallout from the dislocations in the credit markets as hedge funds deleveraged and bank proprietary trading was reduced. The fixed income and FX businesses remain very strong and are well positioned to benefit from increased government and corporate bond issuance and currency volatility. Demand for improvements in the efficiency of post-trade processing and for reductions in the capital allocated to existing positions continues to provide opportunities for ICAP's range of post-trade processing, portfolio compression and reconciliation and risk management services - Traiana, TriOptima and Reset.
Who we are looking for
"A lot of my day involves spending time with clients on trading floors in banks, in meetings and entertaining over lunch or dinner. It's my job to initiate new business and get the screens in front of as many people as possible."
Joselyn Kendall, Electronic Broking, London
A keen interest in the financial markets and a strong academic record are essential. Electronic broking is all about building and maintaining relationships with clients and so you'll need exceptional interpersonal and networking skills. You'll also need to be comfortable with technology. You'll be well prepared and will have researched ICAP and the world of interdealer broking. You'll have a personal view on our recent performance and potential growth areas for our business. A second language is an advantage.
We have a range of full-time and internship opportunities in electronic broking depending on your region. For more information on current roles available and deadlines please visit the vacancy search engine at Apply Now or read more about what it is like to work in electronic broking by reading some of our profiles.
To download a pdf of our Electronic Broking job description please click here.
