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We are seeking a Trading Operations Associate to join our team at the London Metal Exchange in London.

The successful candidate will provide effective first-line supervision for all trading activity on the Ring and LMEselect, participate in the determination of the LME's Futures reference prices, and ensure the Error Trade Policy and Dynamic Price Bands on LMEselect are managed effectively.

Responsibilities:

  • Ensure the LME's reference prices are determined in a manner that promotes the LME and meets commercial and regulatory requirements
  • Participate on the Pricing Committee on the Ring for the determination of Official and Closing Prices
  • Enforce the LME's Ring Dealing Regulations and Code of Conduct
  • Establish Settlement Prices on LMEselect for Ferrous Prices and new product launches
  • Ensure procedures around the Error Trade Policy and Dynamic Price Bands on LMEselect are managed effectively
  • Carry out the procedure for the determination of the Closing Prices for Traded Options using LMEprism
  • Ensure Benchmark Regulation Compliance as a Benchmark Administrator
  • Provide regular updates to LMEC on all relevant pricing-related matters
  • Provide Market Surveillance with all relevant observations and referrals from trading activity
  • Effectively deal with all stakeholder queries relating to LME's pricing procedures and Trading Operations
  • Recommend and promote enhancements to the management on issues that will benefit the LME's price discovery procedures
  • Provide tutorials and education to LME staff on issues relating to price discovery for Futures and Options

Person Specification:

  • 5 GCSE's or more with C grades or above for mathematics and English language
  • Four years experience either working for a Member/Client, other Exchange or the LME in the trading environment
  • A knowledge or experience in electronic trading
  • A good knowledge of Benchmark Administrator responsibilities
  • A thorough knowledge of market terminology and the LME Rules and Regulations
  • A thorough understanding of the forward price curve for each metal
  • A thorough understanding of the dealing regulations
  • Where appropriate, a knowledge of Traded Options

Skills Required:

  • Data input skills
  • Interpersonal skills and the ability to communicate
  • Good business awareness
  • IT literacy
  • Quick and accurate numerical skills
  • Python (Intermediate Standard)
  • SQL (Beginner/Intermediate Standard)
  • Power Bi (Intermediate Standard)

Personal Qualities:

  • The ability to work under pressure
  • Dealing with confidential information
  • Self-motivation
  • Teamwork
  • Reliability
  • Willingness to learn

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