FTR Trader
Position Overview:
We are seeking a highly skilled and experienced Financial Transmission Rights (FTR) Trader to join our dynamic trading team. The ideal candidate will have a deep understanding of U.S. power markets-specifically PJM, MISO, or ERCOT-and a proven track record of leveraging quantitative models to identify and execute profitable trading strategies. This role offers the opportunity to work in a fast-paced, data-driven environment with significant autonomy and impact.
Key Responsibilities:
- Develop and execute FTR trading strategies across PJM, MISO, or ERCOT markets.
- Analyze congestion patterns, market fundamentals, and transmission constraints to identify arbitrage opportunities.
- Build and maintain quantitative models to forecast price spreads and optimize portfolio performance.
- Monitor market developments, regulatory changes, and ISO filings to assess trading implications.
- Collaborate with risk, analytics, and operations teams to ensure accurate position management and reporting.
- Continuously refine trading strategies based on performance metrics and market feedback.
- Familiarity with power flow modeling tools (e.g., PowerWorld, PSSE).
- Experience working with large datasets and machine learning techniques.
Qualifications:
- Minimum 5 years of experience in FTR trading or related power market roles.
- Strong quantitative and analytical skills; proficiency in Python, R, SQL, or similar tools.
- Deep understanding of ISO market rules, transmission topology, and congestion drivers.
- Proven ability to manage risk and generate consistent PnL.
- Excellent communication and collaboration skills.
- Bachelor's or Master's degree in a quantitative field (e.g., Engineering, Mathematics, Economics, Finance)
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