About the Role
As a Quantitative Trader, you’ll play a key role in managing market risk and supporting algorithmic trading on a fast-paced dealing desk. This is a dynamic position ideal for someone with front-office internship experience eager to develop their career in trading.
Responsibilities
- Operate the dealing desk on a day-to-day basis, including executing algorithmic trades and hedging market risk associated with CMC’s product offering.
- Facilitate the increased use of automation in pricing and risk management to improve efficiency in hedge execution and flow management.
- Contribute to optimal risk management practices — from concept to implementation — ensuring they align with overall trading strategy.
- Maintain the firm’s global trading exposures within predefined company limits (MRCR, Risk and P&L).
- Collaborate with the Financial Risk Management team to develop a strong understanding of market, credit, and liquidity risk across products.
- Apply a data-driven approach to all strategy decisions using Python and other analytical tools to extract insights and support improvements.
- Monitor and analyse all external trading costs, identifying significant changes and suggesting cost-saving opportunities.
- Track the market impact of hedge executions and ensure full compliance with relevant exchange rules.
- Review client activity and system behaviour for risks to revenue, working alongside Sales and Financial Risk teams to address any issues.
- Regularly assess the firm's best execution obligations — reviewing reports daily and making adjustments to pricing configurations as needed.
Requirements
- A degree in a relevant scientific or quantitative discipline (e.g. Mathematics, Engineering, Physics, Computer Science).
- Internship or early-career experience in the front office, ideally in equities, FX, derivatives, or related areas.
- Strong quantitative and analytical skills, with experience in data analysis and modelling.
- Strong understanding or interest in financial markets, trading strategies, and how external events influence product pricing.
- Excellent communication skills and the ability to collaborate across teams.
Skills
- Python
- Data analysis
- Modelling
- Algorithmic trading
Location
- Toronto
Work Type
- Week day and weekends availability
Experience Level
- Recent graduate
- Internship experience
Education Level
- Degree in a relevant scientific or quantitative discipline
About the Company
- CMC Markets is one of the world’s first ever fin-tech companies and was launched in 1989 to break down the barriers of financial trading and make trading accessible to everyone.
- Our mission is to use our award-winning, Next Generation trading platform and unparalleled client service to empower millions of people to have the best trading experience out there.
- Our clients can trade on thousands of instruments using the best technology, supported by sophisticated charting, competitive pricing and automated execution.
- We're trusted by investors globally, but also by banks, brokers, funds and trading desks though our top-tier liquidity institutional offering, enabling these businesses to expand into new markets and increase revenue potential.
- We were recently listed on the FTSE250, and our business continues to go from strength to strength as we continue to invest in our technology and our people.
Equal Opportunity
- CMC Markets is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of gender, sexual orientation, marital or civil partner status, gender reassignment, race, colour, nationality, ethnic or national origin, religion or belief, disability or age.
