ü Trade Assistants have a solid trade support experience with direct trade booking, and revenue reporting. They understand the trade flow processing, P&L principles, trading and transactions and they also keep updated with market knowledge and market intelligence work accordingly.
ü They directly support Foreign Exchange / Interest Rates in a direct trade, P&L or desk support capacity.
ü They communicate with sales and trading teams so it's important that the Trading Assistant is able to communicate succinctly and concisely.
ü They build a strong rapport with clients, external vendors and other teams to deliver excellence to the Firm.
ü They work with trade support teams, salespeople, trading assistants and external Middle Office functions to ensure perfect trade bookings & settlement, and quick resolution of trade dispute.
ü Trade assistants assist to OTC options-
They are helpful in the over-the-counter market rather than on a formal exchange like exchange traded option contracts.
They also play important role in allowing participants to define their own terms.
ü Trade assistant helps with the activities on the fx and rates trading desk. Activities include manual deal bookings, reconciliation, credit checks, broker co-ordination, MIS, etc
ü Responsible for ensuring all activities are in adherence as per Compliance Risk.
ü Provide frequent updates to the immediate superior when required.
ü The Trade Assistant's primary responsibilities include conducting the Start of Day (SOD) duties and End of Day (EOD). They are ready for operations that carry out crucial tasks.
ü They prioritise workload effectively in line with business priorities.
ü They continue to work in harmony with Relationship Managers by assisting in their attempts to grow the company.
ü They generate brokerage primarily through advising clients on their equity portfolio for long term investments as well as positional trading ideas in stocks for short/ medium term.
ü Trade Assistant can be beneficial for Hedge funds and other major investment clients who require the ability to borrow securities or cash in order to engage in netting to attain absolute returns can benefit from a prime brokerage, which is a packaged group of services provided by investment banks and other financial institutions.
ü Trade Assistant also helps with currency conversion at a predetermined rate known as the foreign exchange rate.
ü They manage currency exposures and ensure no residual balances.
ü Collate, analyse daily/weekly/monthly management reporting data.
ü Execute and keep track of short-term trading strategies and books based on speculative and hedged position for a particular commodity, market, or customer.
ü Contribute to developing and implementing sales strategies, identifying potential customers and fostering existing customer relationships.
If you are looking for trade assistant then click on the be
low link:
https://www.fundtec.in/virtual-assistant