Open Trading Specialist

Posted 11 Hours Ago
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New York, NY
Hybrid
Senior level
Fintech • Information Technology • Financial Services
We’re transforming how the world trades fixed income. And we’re not done, yet.
The Role
The Open Trading Specialist will develop relationships with dealer and client desks to facilitate trading on MarketAxess's platform, identify trading opportunities, and report trading trends. Responsibilities include resolving trade disputes and collaborating with sales to enhance trading participation.
Summary Generated by Built In

About Us 

MarketAxess is on a journey to digitally transform one of the world’s largest financial markets, enabling the shift from analog, phone-based trading to a fully electronic marketplace. Why does this matter? Because our platform makes trading fixed-income more accessible, ultimately improving transparency, efficiency, and competition in the marketplace. Changing the way an established industry transacts is no easy feat. There will be twists and turns, because no one’s ever done this before. But now, more than 2,000 clients around the world rely on our solutions, and that number is only expected to grow in the years ahead. We know where we’re going. How we get there is up to us. Join us and help Take Us There. 

About the Role

The Open Trading Specialist will be responsible for cultivating relationships with MarketAxess’s dealer and client desks in order to facilitate open trading.  He/she will be responsible for identifying trading opportunities and promoting their execution on the MarketAxess platform.  The Trader will be responsible for facilitating trades in the corporate credit markets.

How You'll Help Take Us There

  • Resolution of trade disputes in collaboration with Dealer and Client Sales, and the Customer Services teams.
  • Cultivating relationships with MarketAxess’s dealer and client desks in order to facilitate open trading.  
  • Helping the sales team drive the growth of Open Trading in the US, through areas such strategic initiatives, new product development to expand the current Asia and global business.
  • Deepen relationships with sell side traders to be a resource on pricing data and market trends.
  • Reporting Open Trading numbers and trends to management on a regular basis.

The candidate will be measured on:

  • Increasing participation in OT in the region.
  • Protecting the firm from trading losses and maintaining MarketAxess’ standing as a high quality counterparty in trading relationships.

What We're Looking For

  • 5+ years of solid product knowledge in fixed income
  • Previous experience working in a front or middle office position at a broker/dealer and/or experience in the interdealer corporate credit retail space.  
  • The candidate must have strong verbal and written communication skills and strong interpersonal skills. A high volume of data reporting will be expected in the role
  •  S/he should have a focused work ethic and be operate with a high degree of diligence
  • Service and results orientated
  • Able to deliver results under pressure
  • Can work in an entrepreneurial and start-up environment

What’s In It for You?

In addition to working on cutting edge technology and in our culture of innovation, collaboration, and openness, we offer: 

  • Free Food: We provide free lunch for employees when they are working in the office. Plus, our offices are stocked with snacks. 
  • Paid Time Off: Competitive PTO package including vacation and personal days, sick leave and charity days 
  • Generous Parental Leave: Up to 20 weeks fully paid leave 
  • 401(k): Dollar-for-dollar employer match up to $17.5K 
  • Employee Stock Purchase Plan: Employees can purchase MarketAxess common stock at a discount 
  • Wellness Stipend: We provide employees with up to $1K annually towards gym memberships, home office equipment and more 
  • Onsite Healthcare: We offer convenient access to world-class care through Mount Sinai at our Hudson Yards location  
  • Tuition Assistance and Professional Training: Benefit from on-demand learning, boot camps, and opportunities to attend conferences 
  • Core benefits: Highly competitive medical, dental, and vision programs 

For job positions in NYC, NY, and other locations where required, the estimated salary range for a new hire into this position is $140,000 USD to $200,000 USD. Actual salary may vary depending on job-related factors, which may include knowledge, skills, experience, and location. You may also be eligible for annual cash incentives, equity, and other benefit programs. 

MarketAxess Corporation and its affiliates provide equal employment opportunities to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, veteran status, or any other legally protected characteristic in the location in which the candidate is applying. 

All of your information will be kept confidential according to EEO guidelines. 


MarketAxess Privacy Notice for Candidates

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Top Skills

Data Reporting
Fixed Income
Trading

What the Team is Saying

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The Company
HQ: New York, NY
892 Employees
Hybrid Workplace
Year Founded: 2000

What We Do

MarketAxess is on a journey to digitally transform one of the world's largest financial markets, enabling the shift from analog, phone-based trading to a fully electronic marketplace.

Why does this matter? Because our platform makes trading fixed-income more accessible, ultimately improving transparency, efficiency and competition in the marketplace.

Changing the way an established industry transacts is no easy feat. There will be twists and turns because no one’s ever done this before. But now, more than 2,300 companies around the world rely on our solutions, and that number is only expected to grow in the years ahead.

We know where we’re going. How we get there is up to us. Join us and help Take Us There.

Why Work With Us

When we say we have an environment without endless layers, we really mean it. You’ll work alongside talented colleagues of all backgrounds and experience in an environment where your voice is valued. You’ll be in the middle of the action, where your contributions will be seen and recognized.

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