Inter-Dealer Broker (IDB) Trader
About this role
Inter-Dealer Broker (IDB) Trader
Description
- The IDB Trader will be responsible for executing and managing proprietary trading positions across the firm's inter-dealer broker books, with a focus on FGN bond futures arbitrage, FX basis trading, yield curve positioning, and FX carry strategies.
- The role requires deep familiarity with the FMDQ Exchange ecosystem, Nigerian fixed income market microstructure, and derivative instrument pricing.
Key Responsibilities
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Proprietary Trading & Execution:
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Execute inter-dealer trades across FGN bonds, FGN bond futures (BF02, BF10), NAFEX / FMDQ FX futures, and fixed income derivatives on FMDQ Exchange.
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Monitor real-time FMDQ Q-Nuggets data, NDF rates, settlement prices, and average daily turnover to inform position management.
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Market Making & IDB Facilitation:
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