[Remote] Financial Transmission Right (FTR) Trade Lead

Note: The job is a remote job and is open to candidates in USA. Five Rings is a proprietary trading firm focused on strategy, innovation, and technology in global markets. The Financial Transmission Rights (FTR) Trade Lead will be responsible for expanding congestion trading efforts, identifying and executing FTR strategies, and collaborating with quantitative researchers and traders.

Responsibilities

• Develop and execute proprietary FTR trading strategies across multiple ISO markets (PJM, MISO)
• Conduct detailed congestion analysis, auction modeling, and secondary market evaluations
• Monitor and manage risk, including position exposure and PnL attribution
• Partner with internal teams to enhance tools and improve execution efficiency

Skills

• 3-7+ years of experience trading virtuals, FTRs or similar power market products
• Strong understanding of ISO/RTO market rules, auction processes, and transmission dynamics
• Deep analytical and programming capabilities
• Ability to make quick, rational and informed decisions in fast-paced market conditions

Company Overview

Five Rings is a proprietary trading firm founded with a vision of combining strategy, innovation & technology to succeed in global markets. It was founded in 2009, and is headquartered in New York, New York, USA, with a workforce of 51-200 employees. Its website is https://fiverings.com.

Company H1B Sponsorship

Five Rings has a track record of offering H1B sponsorships, with 1 in 2026, 12 in 2025, 9 in 2024, 5 in 2023, 1 in 2022, 4 in 2021, 2 in 2020. Please note that this does not guarantee sponsorship for this specific role.