Sales Trader - Futures & Options

Key Responsibilities:

Trade Execution:

The primary responsibility of the Sales Trader is to execute trades on the trading terminal. This involves placing buy and sell orders for Futures and Options on behalf of clients, ensuring that the trades are executed promptly and at the best possible market price. The ability to make quick decisions in a fast-paced environment is crucial, as market conditions can change rapidly.

Client Servicing:

A significant part of the role involves interacting with institutional clients. Building and maintaining strong relationships with clients is essential to understanding their needs, providing expert advice, and ensuring smooth execution of trades. The Sales Trader acts as a point of contact for clients, addressing their concerns and providing tailored solutions based on their trading preferences and risk appetites. This service is key in retaining clients and generating repeat business.

Revenue Generation:

The Sales Trader must consistently contribute to the firm's revenue goals by executing profitable trades. This requires not only market knowledge but also the ability to identify trading opportunities in the Futures and Options markets. The trader must be skilled at risk management and making informed decisions to maximize profit while adhering to the firm's compliance and risk policies. The success of this role directly correlates with the trader's ability to generate revenue for the firm.

Market Analysis:

To be effective in executing trades and generating revenue, the Sales Trader must continually analyze market conditions, trends, and economic indicators. A working knowledge of tools like Bloomberg Terminal is essential for performing real-time analysis and gaining insights into market movements. By monitoring market conditions and understanding client needs, the trader can make strategic decisions that benefit both the client and the firm.

Collaboration with Internal Teams:

While the Sales Trader primarily works with institutional clients, they also need to collaborate with other teams within the firm, such as the risk management, compliance, and research teams. Working closely with these departments ensures that all trades adhere to the company's internal policies, regulatory guidelines, and risk management protocols.

Key Requirements:

Educational Qualifications:

A minimum of a graduate degree is required for this role. While any related field of study such as finance, economics, or business administration is preferred, practical experience in trading and financial markets is more critical.

Certifications:

NISM certifications for equity cash and derivatives modules are mandatory for this role. These certifications provide essential knowledge of financial instruments, market functioning, and regulations governing trading in India.

Experience:

A candidate should have a minimum of 8+ years of experience in the trading domain, particularly with equity and Futures & Options (F&O). This experience will enable the trader to handle complex client demands, understand market volatility, and execute trades efficiently. A comprehensive understanding of the equity and derivatives markets is critical for success in this position.

Skills and Competencies:

- Market Expertise: The ideal candidate should have a strong understanding of the equity markets and Futures & Options trading strategies.

- Technical Proficiency: Hands-on experience with trading platforms and tools such as Bloomberg Terminal.

- Client Management: Strong interpersonal skills to engage and retain institutional clients, providing them with exceptional service.

- Analytical Skills: The ability to analyze and interpret market data to make informed, strategic decisions.

- Risk Management: Experience in managing risk while executing trades, ensuring optimal profit and minimizing losses.