FX & Money Markets: currently 250 jobs.The latest job was posted on 23 Feb 19.
FX & Money Markets
Further your career with these FX and Money Markets jobs currently available in Hong Kong.
FX is an abbreviation of an abbreviation. FX refers to 'forex' which is a shortening of the term 'foreign exchange'. FX is ultimately about the trading of currencies for risk management or investment purposes, by correctly anticipating the movement of currency values in relation to each other.
The majority of FX trades occur via online systems, but the industry is not completely automated and there is still plenty of scope for human involvement.
FX Working Environments
A range of organisations require FX specialists to fulfill various roles.
Investment banks use FX traders to generate profits. Their FX traders move money between currency pairs, such as the US Dollar and Japanese Yen, to take advantage of currency value fluctuations.
Hedge funds and asset managers use currency exchange as part of longer term strategies to mitigate clients’ risks, or compliment their wider portfolio.
Large international companies will employ forex experts in their corporate treasury department to manage the company's exposure to fluctuations in currency exchange rates.
Forex related jobs are best divided according to the type of organisation they are based in, and whereabouts they are positioned in the process of currency exchanges.
For example a corporate FX - sales executive at a bank will be responsible for beginning relationships with new corporate customers wishing to partake in the forex industry. Any lead generated will be passed on to more senior relationship managers, who will work with the client to understand their investment and risk management needs. Further along the chain, a forex strategy for that client will be agreed, which the traders execute.
These roles are typically supported by a range of centralized services that gather market information, and help inform buy and sell decisions. For example, an FX Strategist will track, monitor and analyse the macroeconomic picture to anticipate likely exchange rate movements.