About the Role
A senior leadership position within the Brokerage Department, responsible for the end-to-end design, implementation, and management of a new Market Making and Liquidity Providing desk. This role combines high-level strategic planning with hands-on technical execution, focusing on capital allocation, risk management, and sustainable revenue generation through bid-ask spread capture. The Role will be based in Muscat Oman targeting the MSX (Muscat Stock Exchange) as a starting point and to expand to GCC markets in a later stage.
Responsibilities:
- Desk Setup & Infrastructure
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Technology Integration: Select and oversee the deployment of low-latency execution platforms, algorithmic trading engines, and real-time risk monitoring tools.
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Execution & Quantitative Strategy
- Algorithm Development: Develop and refine automated quoting strategies, focusing on volume participation, price improvement, and inventory management.
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Liquidity Provision: Maintain tight spreads and depth across assigned MSX tickers to meet exchange-defined "Market Maker" obligations.
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Revenue Generation & Scalability
- Profitability Targets: Drive P&L growth through spread capture, and proprietary positioning within risk limits.
- Regional Expansion: Develop a roadmap for scaling the desk’s infrastructure to enter UAE, Saudi, and other GCC markets once the MSX operations are stabilized.
Required Technical Skills
- Equity Market Making and Liquidity Provision
- Equities Trading and Sales Trading
- Muscat Stock Exchange (MSX) market structure and trading rules
- GCC equity markets and regional exchange regulations
- Automated and algorithmic quoting strategies
- Bid-ask spread management and spread-capture strategies
- Market depth and order-book analysis
- Inventory, position and exposure management
- Trading P&L management and revenue attribution
- Capital allocation and risk-adjusted return analysis
- Real-time market, position and risk monitoring
- Pre-trade and post-trade risk controls
- Low-latency execution platforms
- Order Management Systems and Execution Management Systems
- OMS/EMS implementation and oversight
- FIX protocol and exchange connectivity
- Direct Market Access (DMA)
- Smart order routing
- Trade execution, order handling and transaction-cost analysis
- Equity valuation, pricing and volatility analysis
- Quantitative trading and statistical analysis
- Market-maker obligations and exchange compliance
- Trade surveillance and market-abuse controls
- Clearing, settlement and post-trade operations
- Broker, custodian, exchange and technology-vendor coordination
- Trading-platform selection, implementation and testing
- Business continuity and trading-system controls
- Financial modelling and management reporting
- Advanced Excel and trading analytics
- Python, SQL, C++ or similar quantitative tools — preferred
Qualifications & Experience
- Bachelor’s Degree from accredited in Finance, Accounting, or a related field.
- Experience: Minimum of 10–15 years in financial markets, with a proven track record in Equities Market Making.
- Market Knowledge: Deep understanding of the GCC regulatory landscapes, specifically the mechanics of the MSX and regional exchanges.
