
Pharo Management · London
Execution Trader Who we are: Pharo Management is a leading global macro hedge fund with a focus on emerging markets. Founded in 2000, the firm has offices in ...
Execution Trader
Pharo Management is a leading global macro hedge fund with a focus on emerging markets. Founded in 2000, the firm has offices in
London, New York, Hong Kong and Abu Dhabi, and currently manages $8 billion in assets across four funds. Pharo trades foreign
exchange, sovereign and corporate credit, local market interest rates, commodities, and their derivatives. We trade in over 70
countries across Asia, Central and Eastern Europe, the Middle East and Africa, Latin America as well as developed markets. Our
investment approach combines macroeconomic fundamental research and quantitative analysis.
Pharo employs a diverse, dynamic team of 135 professionals representing over 20 nationalities and 30 languages. We have a strong
corporate culture anchored in core values such as collaborative spirit, creativity, and respect. We are passionate about what we
do and are committed to attracting the best and brightest talent.
This is a great opportunity to join a market leader and contribute to our continued success.
We are looking to hire a trader to join our execution team in London. The execution team handles all trading for the firm. They
are a crucial component of Pharo’s global investment team, allowing us to trade in large volumes while minimizing our footprint.
Besides executing trades, they are also responsible for giving market colour to the portfolio managers, recommending trade ideas,
evaluating liquidity and weighing on investment decisions. They participate in risk meetings and work closely with all our
economists and portfolio managers. Execution traders are Pharo’s link to the street and are crucial to maintaining good
relationships. We hire individuals who have scope to grow within the firm and who will fit in Pharo’s collegial environment.
credit
Work status and location
Assistant Portfolio Manager Who we are: Pharo Management is a leading global macro hedge fund with a focus on emerging markets. Founded in 2000, the firm has offices in London, New York, Hong Kong and Abu Dhabi, and currently manages $8 billion in assets across four funds. Pharo trades foreign exchange, sovereign and corporate credit, local market interest rates, commodities, and their derivatives. We trade in over 70 countries across Asia, Central and Eastern Europe, the Middle East and Africa, Latin America as well as developed markets. Our investment approach combines macroeconomic fundamental research and quantitative analysis. Pharo employs a diverse, dynamic team of 140 professionals representing over 20 nationalities and 30 languages. We have a strong corporate culture anchored in core values such as collaborative spirit, creativity, and respect. We are passionate about what we do and are committed to attracting the best and brightest talent. This is a great opportunity to join a market leader and contribute to our continued success. Job description: We are seeking an Assistant Portfolio Manager to support and report directly to a Portfolio Manager. The successful candidate will play a key role in the day-to-day management of the portfolio and in supporting active trading strategies. Responsibilities will include: * Support the Portfolio Manager in the day-to-day management and oversight of the portfolio * Monitor trades with a focus on risk management, stop-loss and profit targets, and closely track price action * Assist with trade execution, portfolio rebalancing, FX hedge adjustments, and accurate trade booking * Support the implementation, monitoring, and performance attribution of active strategies within the portfolio * Monitor and track key market events and external research, with particular emphasis on generating and sourcing market colour for CEEMEA and Asia * Contribute to improving investment processes, including through the use of automation (e.g. model-based approaches) * Build and maintain strong working relationships with execution traders and other portfolio managers locally Required qualities and skills: * 2 - 5 years of fixed income trading or front-office investment experience, with a focus on credit, rates and/or FX * Degree in Economics or a quantitative discipline * Exceptional academic record, analytical and numerical skills; some knowledge of Python/VBA preferred * Experience or exposure to CEEMEA/Asia markets * Ability to work effectively under pressure while maintaining a high level of accuracy and attention to detail * Self-motivated, highly organised, and proactive in problem-solving * Strong written and verbal communication skills * Demonstrated strong work ethic and collaborative team approach Work status and location: * Full time in London
We are looking for an Index Options Low-Latency Execution Quantitative Trader to join our team. IMC's Index Options desk is one of the leading electronic liquidity providers in index options markets. Our execution team is responsible for getting IMC into the trades we want to participate in, across a range of mechanisms. Our ultra-low latency infrastructure is best-in-class, and because IMC is highly collaborative between traders, quant researchers, and developers, the scope of this role spans deep trade analysis, execution system improvement, and early ownership of a defined part of the strategy. YOUR CORE RESPONSIBILITIES: * Drive revenue in low-latency index options trading by building upon and improving our electronic execution systems * Deliver high-quality analysis using a variety of datasets, including options pricing, trades data, and exchange feed * Dive into specific trade examples to understand the behavior of our systems and those of our competitors, identify anomalies, and quantify opportunities * Use backtesting and analysis tools to predict the impact of changes to our execution systems and continuously improve our performance * Work collaboratively with traders, quant researchers, and developers to bring ideas from inception to production * Take early ownership of a defined area of the strategy, for example a certain exchange or execution type, and grow into setting multi-month improvement plans YOUR SKILLS AND EXPERIENCE: * 2+ years of experience in low-latency index options execution, including liquidity providing and taking * Strong understanding of exchange microstructure and how automated trading systems interact with exchanges * Entrepreneurial mindset with a competitive nature, strong ownership mentality, and a bias toward action * Ability to perform efficient analysis on large datasets in Python * Preference for relevant tertiary qualifications (graduate or post-graduate) in a quantitative field: mathematics, computer science, statistics, or similar, with strong academic results * Strong communicator, able to collaborate effectively across trading, research, and development teams The Base Salary range for the role is included below. Base salary is only one component of total compensation; all full-time, permanent positions are eligible for a discretionary bonus and benefits, including paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive information. Salary Range $250,000—$250,000 USD About Us IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989, we’ve been a stabilizing force in financial markets, providing essential liquidity upon which market participants depend. Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high-performance culture, and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies, and from developing an innovative research environment to diversifying our trading strategies, we dare to continuously innovate and collaborate to succeed.
We're building out a trading initiative in London, with a growing focus on listed commodities options. This expansion is supported by a mix of internal talent and experienced external hires. With a collaborative and entrepreneurial culture, the team offers a unique opportunity to help shape and scale a new desk from an early stage. The group combines deep expertise with broad trading experience and values innovation, ownership, and cross-functional collaboration. As the desk continues to grow, there will be increasing opportunities to take on broader responsibilities and contribute meaningfully to its success. Your Core Responsibilities * Manage broker relationships in the Commodities team Be able to take lots of responsibility and ownership early in your time here to drive the strategy forward * Closely collaborating and effectively communicate with Vol and Screen traders to manage risk portfolios * Leverage an entrepreneurial mindset to identify and research new trading opportunities * Perform trades analysis to improve trading Your skills and experience: * 2+ years of experience as an Execution/Broker Trader * BS, MS preferably in business, economics or STEM * You have a quantitative and strategic mindset and a healthy appetite for risk * Strong technical skills in Statistics and Python * You have a proven ability to act and make decisions in a fast-paced and competitive environment * You are analytical, passionate about reflecting on past trades, and always seeking to do better * Strong communication and teamwork abilities About Us IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989, we’ve been a stabilizing force in financial markets, providing essential liquidity upon which market participants depend. Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high-performance culture, and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies, and from developing an innovative research environment to diversifying our trading strategies, we dare to continuously innovate and collaborate to succeed.