Municipal Bonds Trader
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About The Position
The Municipal Bonds Trader plays a crucial role in the fixed income department, working closely with the retail sales force and other retail traders to provide essential administrative support and assistance. This position is responsible for a variety of tasks associated with municipal trading, which includes monitoring messenger services, organizing customer inquiries, processing transactions, and preparing various communications. The trader must ensure that all operations run smoothly and efficiently, contributing to the overall success of the trading team. In this role, the Municipal Bonds Trader will respond to retail sales inquiries and research questions, resolving problems promptly and efficiently. They will be responsible for determining bond values and providing information necessary for bidding on retail customer bids wanted lists. Additionally, the trader will manage customer municipal bond evaluation requests, which involves determining offering prices, appropriate sales credits on bonds within their inventory, and making informed decisions on whether to bid based on the correct market price for bonds. The trader will also be tasked with posting salespeople on various trades and updating post-market data as it becomes available. Ensuring that municipal offerings are accurately posted on the Electronic Communication Network (ECN) is another critical responsibility. The Municipal Bonds Trader must monitor market conditions regarding interest rate movements and credit changes, advising retail brokers accordingly. Furthermore, they will generate sales ideas by evaluating municipal offerings from other broker-dealers and selecting the most appropriate options to market to the retail sales forces.
