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This section contains all our foreign exchange jobs 'FX' or 'forex' , including sales, trading, structuring and investing. FX jobs crop up in investment banks, trading houses, asset managers, hedge funds, commercial banks and corporates companies. Within companies, corporate treasury departments manage the organisation's exposure to changes in exchange rates. Fundamentally, forex jobs and money broker jobs are all about predicting how economic factors and or government intervention cause currencies to rise in value appreciate or fall in value depreciate against one another.
Within investment banks, FX traders typically focus on trading currency pairs, the most common of which are: A large proportion of FX trading is comprised of so-called 'spot trading,' where currencies are bought and sold for immediate deliver. Equally, however, a significant proportion of FX trading jobs involve derivatives such as futures - products in which contracts are exchanged agreeing to trade one currency for another for a specified price at a particular point in the future, as well as swaps and options.
Most currency derivatives are highly liquid and traded on major exchanges. However, FX derivative products are also traded over the counter OTC , bilaterally, between individual buyers and sellers without going through exchanges.
Most FX trading takes place electronically using electronic execution platforms that allow banks and corporate clients to place foreign exchange trades online, without having to place them through actual human traders. Money market careers can include, for example, repo trading roles, in which holders of government securities sell them on to a counterparty, but agree to buy them back for a specified price at an agreed date no more than 30 days in the future.
You're using our new beta search It's a work in progress and we rely on your feedback to improve. Find out what's changing Back to current search. In an increasingly global world, where business is done across borders in different currencies, the impact of exchange rate fluctuations can be considerable.
This drives activity in the FX markets which in turn fuels demand for high quality candidates. FX jobs can be found at investment banks , trading houses, commercial banks , asset managers, hedge funds and even some corporate organisations.
In FX trading jobs 'spot traders' will enter into immediate transactions on the request of a client. However there are also FX jobs dealing in currency derivatives, where deals are done now where the currency exchange does not happen until a later date. These include currency futures traded through an exchange and currency forwards conducted over the counter.
For someone working within a bank as a Corporate FX - Sales Executive, it is usual to focus on a specific type of client. This might be selling to hedge funds, promoting electronic trading systems to sell on behalf of private clients, or dealing with multinational pension funds. Those with a niche expertise in the relevant sector will usually gain an advantage when applying for FX jobs.