Trading Operations Specialist at Virtu Financial

New York, New York, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, TradingIndustries

Requirements

Minimum 2 years of experience working in a trade support role at a financial institution (banks and trading firms preferred)
Experience in middle and/or back office trading operations, with a solid understanding of clearing and settlement cycles
Natural problem solver who seeks to improve upon trading operations workflows
Exceptional communicator who can translate their ideas into workable solutions
Ability to take a complex program and design workable solutions
Interest in growing programming abilities

Responsibilities

Monitoring regulatory processes and pre-market activities
Managing trade clearance, settlement and reconciliation
Communicating with counterparties and clients, as needed
Monitoring intra-trading day processes to ensure smooth operation
Building relationships with third party providers

Skills

Key technologies and capabilities for this role

trade clearancetrade settlementreconciliationdata analysisrisk managementcomplianceoperations workflowsbooks and records

Questions & Answers

Common questions about this position

What experience is required for the Trading Operations Specialist role?

Candidates need a minimum of 2 years of experience in a trade support role at a financial institution, preferably banks or trading firms, along with experience in middle and/or back office trading operations and a solid understanding of clearing and settlement cycles.

What key skills are they looking for in this position?

The role requires a natural problem solver who improves trading operations workflows, an exceptional communicator who translates ideas into solutions, the ability to design workable solutions for complex programs, and interest in growing programming abilities.

Is the salary specified for this Trading Operations Specialist position?

This information is not specified in the job description.

What is the location or work arrangement for this role?

This information is not specified in the job description.

What makes a strong candidate for this Trading Operations Specialist role?

A strong candidate has at least 2 years in trade support at financial institutions, experience with clearing and settlement, problem-solving skills to enhance workflows, strong communication abilities, and interest in developing programming skills; early-career professionals eager to grow in trading and financial services are ideal.

Virtu Financial

Market making and trading solutions provider

About Virtu Financial

Virtu Financial specializes in market making and trading solutions, providing services that enhance the efficiency of financial markets. The company uses advanced technology and its understanding of market structures to offer a variety of products, including execution services, liquidity sourcing, and analytics. Clients such as institutional investors and broker-dealers benefit from Virtu's ability to generate liquidity, which helps stabilize markets. A key feature of Virtu's offerings is its Open Technology platform, which supplies clients with data-as-a-service, including a library of APIs and tools to improve trading strategies. Unlike many competitors, Virtu emphasizes transparency and a comprehensive approach to trading, aiming to support clients in navigating global financial markets effectively.

New York City, New YorkHeadquarters

2008Year Founded

$194.5MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

501-1,000Employees

Benefits

Wellness Program

Gym Membership

Risks

Increased competition from firms like Citadel Securities challenges Virtu's market share.

Regulatory scrutiny on high-frequency trading may raise compliance costs for Virtu.

Cryptocurrency market volatility impacts Virtu's liquidity provision and risk management.

Differentiation

Virtu leads in electronic market making across diverse asset classes globally.

The Open Technology platform offers a robust data-as-a-service solution with extensive APIs.

Virtu's commitment to transparency and innovation strengthens its industry position.

Upsides

Growing demand for algorithmic trading boosts Virtu's market making services.

ESG investing trends increase demand for transparent trading platforms like Virtu's.

Quantum computing advancements enhance Virtu's trading algorithms and market efficiency.

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