Role Summary
We are hiring a Direct Market Access (DMA)Specialist to support our US equities (and potentially multi-asset) electronic and high-touch execution activities. This is a front-office, desk-based role aligned with US trading hours, focused on DMA infrastructure, FIX connectivity, algorithmic execution support, and real-time monitoring of order flow. The position also offers the potential to expand into a broader execution /flow-trading remit as responsibilities grow and the business develops.
Key Responsibilities
DMA & Real-Time Execution Support
- Provide real-time, desk-based support, actively monitoring US electronic order flow throughout the trading session.
- Ensure continuity and stability of DMA connectivity, routing configurations, and exchange access.
- Configure and support FIX order, execution, and drop-copy sessions.
- Diagnose and resolve issues such as rejects, connectivity interruptions, or latency anomalies incoordination with brokers and venues.
OMS/EMS & Platforms
- Configure and maintain OMS/EMS workflows, routing tables, user profiles, and execution paths.
- Work with platforms including Bloomberg EMSX/TOMS and Trafix.
- Support UAT cycles, system upgrades, and production release testing.
Algorithmic Execution
- Test and validate execution algorithms (VWAP, TWAP, POV, liquidity-seeking).
- Monitor algorithm performance, venue selection, and routing logic during live trading.
- Identify and escalate anomalies such as unexpected slippage or кrouting deviations.
High-Touch Execution
- Handle selected US equity orders requiring manual oversight or execution discretion.
- Provide intraday liquidity insight, execution strategy considerations, and market colour.
- Coordinate with brokers, venues, and dark/auction mechanisms to support best execution.
Risk & Controls (in close cooperation with Risk team)
- Configure and maintain pre-trade risk checks (max order size, price collars, credit limits, restricted lists).
- Participate in market access testing, exchange certification, and periodic control reviews.
- Ensure adherence to SEC, FINRA, exchange rules, and FCA compliance standards.
Monitoring & Reporting
- Investigate and escalate execution anomalies or system irregularities.
- Work with Technology, brokers, and vendors to resolve issues efficiently.
- Produce execution metrics, incident reports, and performance analytics.
Qualification & Experience
- 3–7+ years of experience inDMA, electronic trading support, FIX connectivity, or execution services.
- Strong understanding of USequities market structure, including Reg NMS, dark pools, routing, andauctions.
- Proficiency with FIX protocol(4.x) and diagnosing FIX workflow issues.
- Experience with Bloomberg EMSX/TOMS and Trafix.
- Ability to analyse FIX logs, routing behaviour, latency patterns, and execution outcomes.
- Strong Excel skills; Python or SQL is an advantage.
- Excellent communication skills, attention to detail, and ability to operate independently during US market hours.
How to Apply
To apply, please send your CV and a brief note outlining your relevant experience and interest in the role to jobs-trading@gbmsecurities.com
