What are Spread Betting / CFD Market Maker?

A spread betting / CFD market maker is a firm who quotes both a buy and a sell price in Spread Bets & CFD’s, hoping to make a profit on the turn or the bid/offer spread. Derivatives market makers make a market in derivative products. CFD’s and Spread Betting are a retail marketed derivative product.

Derivatives are financial instruments whose value changes in response to the changes in underlying variables.

If I work as a spread betting / CFD Market Maker what will I be doing?

When investors, brokers and proprietary traders want to trade on leverage (Debt) they will ring you up or place electronic orders and ask you to make them a price.

If you work in a spread betting firm your job will be very much computerised and involve making a leveraged price for traders charging a larger bid/offer spread than the underline market, making margin calls in order to take larger deposits when the customers trade goes against them and accepting and rejecting orders as the underline moves. If you work in a CFD firm most of your time will be spent inputting hedged orders onto a Level 2 screen.

Your job will be to price these bate and contracts. Your job is to make a profit through spread and interest.

You will spend most of your time in front of a number of screens on the phone.

Spread Bet / CFD market makers work at varied hours depending on the market they are making. Currencies are a 24 hour market and most spread betting companies man the phones till 9pm.

How do I get a graduate scheme / internship / entry level job or career in Spread Betting / CFD Market Maker?

Obtaining a graduate scheme, internship or entry level role in spread betting / CFD Market Maker can be very challenging and competitive – though very achievable by getting your application, CV, interview and general approach right. You can guarantee that ninety percent of applicants for Spread Betting / CFD Market Maker roles will not know how to apply, so getting your application in the top ten percent makes things a lot more achievable.

Approaching the company in the right way will make all the difference. Combining the right approach with a strong interview (and in some cases assessment centre) writ a strong focused tailored CV will go a long way. Make sure you have gone through the free videos on this sight by entering your name and email address in the top right of this screen underneath the video. Once you have filled this in you will have instant access to everything you need to secure your career in Spread Betting / CFD Market Maker.

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