Institutional Equity Sales Trader, Mumbai

Job Description:

INSTITUTIONAL DEALER

Equity Dealer- Institutional Broking

Key Responsibilities :

- Executing Trade Orders both on BSE/NSE Cash mkt/ Derivatives mkt terminals and on Bloomberg with 0% dealing error
- Having experience of DMA ( one touch/ direct ) trade.
- Having Experience to trade on various trading platform like Omnesys / Odin /TCS with risk parameter
- Having a knowledge of Algo trading
- Having knowledge of BOD and EOD process
- Having a knowledge of Mapping of client code on Bloomberg fix
- Assisting in brokers empanelment
- Prepare and upload beginning-of-day orders' batch files, monitor trade executions, refresh end-of-day orders' batch files.
- Develop and maintain a long-term relationship with customers and secure dealing votes from institution clients.
- Generate block leads from clients, work on mandates to build book and getting block executed is the key role
- Assisting clients for best execution , vvap and to reduce impact cost
- Communicating trading ideas, tracking the client portfolio and keep feeding him on their interest
- Meeting clients, coordinating with research and sales team to cater to clients- interests
- Conduct regular meetings with clients as part of client servicing
- BSE 6a/7a and NSE OTR file reporting system
- Exchange bulk / block reporting system
- Trade confirmations to client, custodian and the exchange.
- STP reporting to custodian and clients
- Back office knowledge like contract generation, pay in/ pay out also required.
- To keep track on Corporate action announced
- Having experience in QIP and OFS trade

INSTITUTIONAL DEALER

- To keep track on New Listing
- Managing various regulatory compliances relating to dealing. Communication with all regulatory
authorities and outside parties.
- Should be able to read market price movements and have a decent market intelligence
network. Having strong relationship with other mkt participant/ HNIs
Candidate Profile :
- Degree with 5/7 years of work experience as equity sales trader with leading institutional broker
- Degree in Stock Market Course preferred.
- Strong client / customer references
- Excellent communication and inter-personal skills
- Basic accounting knowledge along with advanced knowledge of excel and market related
terminals such as Bloomberg etc a must