Description
Provide continuous liquidity by posting two-sided quotes, executing trades, and managing inventory and risk across assigned securities. Price and hedge positions using data and models, meet exchange quoting obligations, and ensure best execution and regulatory compliance while communicating market color and fills to counterparties.
- • Post two-sided bids and offers to provide continuous liquidity.
- • Monitor order books, market microstructure, and inventory positions in real time.
- • Negotiate and quote executable prices to brokers, clients, and electronic RFQ venues.
- • Maintain accurate records of quotes, trades, and confirmations.
- • Execute trades to manage inventory and fulfill quoting obligations across assigned instruments.
- • Process and confirm executions and allocations promptly through middle- and back-office systems.
- • Report positions, P&L, and trade results to management daily.
- • Coordinate with sales and counterparties to understand flow and liquidity needs.
- • Communicate fills, quotes, and market color to clients and internal teams.
- • Assess counterparties’ liquidity needs and tailor quoting depth and spread accordingly.
- • Provide liquidity services through continuous quoting on exchanges, ATSs, and RFQ platforms.
- • Identify cross-venue and internalization opportunities to source or lay off risk.
- • Develop pricing, spread, and inventory management plans within risk limits.
- • Review quotes and executions for accuracy and compliance with SEC/FINRA and exchange rules.
- • Expand quoting relationships with brokers and platforms to increase order flow.
- • Design and implement hedging strategies using correlated cash products, ETFs, options, or futures.
- • Track and analyze factors affecting prices, including earnings, corporate actions, macro data, and order flow.
- • Inform traders, managers, and clients of market conditions, volume, volatility, and competitive dynamics.
- • Provide liquidity and price indications on specific securities without offering investment advice.
- • Evaluate spread capture, exchange rebates, fees, and slippage to ensure profitability.
- • Explain trading protocols, tick sizes, auctions, and settlement practices to counterparties.
- • Calculate execution costs, maker-taker fees, and commission impacts on profitability.
- • Prepare desk P&L, risk, and exposure reports to monitor performance.
- • Supply real-time quotes and updates on issuer news and corporate actions for covered names.
- • Supervise junior traders or support staff and ensure timely trade capture and allocations.
- • Route, post, and modify orders across venues using smart order routing and algo tools.
- • Negotiate block trades and liquidity provisions with institutional counterparties.
- • Respond to RFQs promptly and request external liquidity when necessary.
- • Model fair value, volatility, and microstructure impacts to set competitive quotes.
- • Trade derivatives and related instruments to hedge inventory and manage risk exposures.
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Financial Services
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O*NET occupational data (work activities, skills, knowledge).
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This site includes information from O*NET by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license. Career Clutch has modified some of this information for student readability. USDOL/ETA has not approved, endorsed, or tested these modifications. O*NET® is a trademark of USDOL/ETA.
Last reviewed: Jan 2026
