Execution Trader

Position Execution Trader Reports to Chief Trading Officer Location New York City, USA Overview - About MillTech MillTech provides advanced FX Hedging and Cash Investment solutions to increase market access, reduce costs and automate manual workflows. With a focus on automation, integration and connectivity, we have pioneered an independent risk management and liquidity solution for fund managers, institutions and global corporates, which is purpose‑built to deliver best execution at scale. Since its inception in 2020, the MillTech platform has grown to support over $500bn in annual FX volume and over $35bn in client programs and is now trusted by some of the world’s largest institutions. In 2026, MillTech announced a $60m minority investment from the growth equity arm of Apax Partners which valued the company at $325m. As part of our next phase of growth, we will be opening an office in New York City this year. Headquartered in London, the world’s largest FX hub, MillTech provides services to clients in the United Kingdom, United States, Canada, Switzerland, Belgium, Denmark, Ireland, Luxembourg, Norway and Liechtenstein. MillTech is authorised and regulated by the UK’s Financial Conduct Authority (FCA FRN 911636) and registered with the USA’s National Futures Association (NFA). The opportunity You will report to the Chief Trading Officer and work closely with internal teams as you engage in a range of trade execution tasks. You will be expected to take initiative, bring new ideas and invest your time in refining your knowledge of the various products and trade workflows. Responsibilities Play a key role in the oversight and execution of foreign exchange and money market products on a continuous basis Ensure compliance with internal policies and regulatory requirements Ensure best execution by monitoring market liquidity, pricing, spreads, and counterparty performance Provide updates of market liquidity and macro themes Perform and review daily transaction cost analysis (TCA) to determine means of improvement to the execution process by highlighting thematic trends Assist in the creation and evolution of reports pertaining to best execution, marketing, execution analytics and TCA Research various execution topics for validation or rejection of pertinent themes including: Contributing to projects: Operational efficiencies/risk reduction New products Communicate with electronic and voice sales and traders at our growing panel of FX liquidity providers Build and grow relationships with liquidity providers, especially with US desks Requirements (essential) New York City based Minimum 5+ years’ experience in a buy‑side FX trade execution function Strong knowledge of FX market trading and liquidity dynamics around OTC FX Spot, Forwards and NDFs Investment Management Certificate, relevant US regulatory registrations (e.g. FINRA Series 7/63 and/or NFA Series 3) Understanding of OMS functionality Understanding of EMS functionalities (preferably FX Connect & BidFX) Excellent analytical skills Familiarity with TCA Experienced user of Bloomberg Excellent attention to detail Comfortable with all modes of communication and clarity in delivery of message Enthusiastic interest to learn Flexibility with regard to varied working patterns Good collaborative approach What we offer in return A competitive salary with annual reviews 25 days’ paid annual leave plus an additional day per year of service Excellent staff development and training opportunities Flexible working arrangements including remote working Healthcare benefits #J-18808-Ljbffr MillTech