Equities Execution Quant

TP ICAP
London
1 year ago
Applications closed

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The TP ICAP Group is a world leading provider of market infrastructure.

Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.

Through our people and technology, we connect clients to superior liquidity and data solutions. The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform.

The Group operates from more than 60 offices in 27 countries. We are 5,300 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.

About Liquidnet

Liquidnet is a leading technology-driven, agency execution specialist that intelligently connects the world’s investors to the world’s investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors that collectively manage $33 trillion in equity and fixed income assets. Our network spans 46 markets across six continents. We built Liquidnet to make global capital markets more efficient and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need.

Role Overview

As an Equities Execution Quant you will play an important role in the research and development of new algorithmic trading solutions for European equity markets. Liquidnet has a full suite of scheduled and liquidity-seeking algorithms, including the market-leading Liquidnet Dark, but we are continually looking at ways to improve their functionality.

This role is part of a small team of quantitative analysts within an extended EMEA Execution & Quantitative Services (EQS) group constituting traders, sales people, and execution consultants.

Role Responsibilities

  1. Extensive data analysis using transactional and non-transactional order data combined with raw tick data.
  2. Coding on internal quantitative Python libraries.
  3. Writing functional and technical specifications for small and larger pieces of functionality to be implemented by our software engineering teams.
  4. User-Acceptance-Testing (UAT) of the new functionality to ensure that it works as envisioned and designed.
  5. Analysis of historical transactions in our data-warehouse using SQL.
  6. Support of sales and trading teams with their enquiries regarding implemented algorithm behaviour.
  7. Working with execution consultants on transaction cost analysis for specific clients and their customizations.
  8. Suggesting platform improvements to enhance electronic execution workflows for external clients and internal stakeholders.
  9. Providing relevant data and support materials to keep marketing information up to date with respect to quantitative models.
  10. UAT of external execution management system (EMS) order tickets routing to Liquidnet algorithms.

Experience / CompetencesEssential

  1. Demonstrable knowledge of the mechanics of equity execution algorithms.
  2. Degree-level qualification in a numerate discipline.
  3. Practical programming experience in Python (including Pandas and Numpy) and SQL.
  4. Proficiency in statistical models and techniques.
  5. Excellent communication and organisational skills.

Desired

  1. Knowledge of European equity market microstructure.

Band & level: Professional, 4

#LI-Hybrid #LI-ASO #LNET

Not The Perfect Fit?

Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.

Company Statement

We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.

Location

UK - 135 Bishopsgate - London

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