Commodities and Global Markets

Our Commodities and Global Markets group has over 2,000 staff in 22 countries who provide products and services to clients exposed to commodities and financial markets.

The group specialises in providing clients with access to markets, financing, financial hedging, research and market analysis, and physical execution across energy; metals, mining and agriculture; fixed income and currencies; credit; futures and equity markets.

With a diverse platform covering more than 25 market segments and over 160 products that has evolved over more than four decades, the group leverages its deep market knowledge to provide tailored solutions for clients.

In our Commodities and Global Markets group you’ll work on a trading desk in a fast-paced environment. You could be:

  • developing your knowledge of market dynamics
  • tailoring innovative products and solutions for clients
  • producing fundamental market analysis and research
  • engaging with clients.

Programme locations

London

Graduate programme

1 year, allocated to a team from August

Internship programme

Allocated to a team from June to August

Group highlights

Market trading across 160+ products in 25+ market segments

No. 2 US physical gas marketer in North America1

Differentiated insights on 2,000+ stocks

We currently have the following opportunities within our business:

 

Internship opportunities

 

Apply now

Our Central Risk team provides our businesses globally with pricing and risk management assistance, and an independent view on how risk is managed and represented in our trading systems.

As an Intern in our Central Risk team, you’ll work with our businesses to identify and manage risk in systems and processes, design tactical and strategic solutions to support our culture of risk-based decision making and have the opportunity to evaluate the development of new products. You’ll also undertake thorough financial risk and P&L analysis for derivatives and structured products, and work on projects used by all of our Commodities and Global Market group’s trading businesses.

Our QIS Business is a market-leader in providing clients with access to algorithmic or systematic trading strategies across asset classes (Commodities, Equities, Fixed Income). Our team research, design and sell strategies to institutional investors globally such as asset managers, pension funds and hedge funds. Our strong technology platform allows us to build sophisticated investable indices for our clients which can be customised to meet their needs.

As an Intern in QIS Sales, you’ll use your analytical and communication skills on the sales desk to help prepare information for clients on our strategies. You will work with structuring, trading and technology to learn about the process of creating a strategy, the nuances of investment across different asset classes, and how to present sometimes complex products to clients in one of the fastest growing areas of investment.

As an Intern in QIS Trading, you will use your quantitative and analytical skills to support the traders in their activities such as risk hedging, performance assessment and reporting. You will work closely with the Structuring and the Quant Strat teams to launch new strategies and integrate them in the trading execution infrastructure.

The Quantitative Investment Strategy team develop quantitative/systematic trading strategies across various asset classes. As an Intern, you will gain hands on experience researching systematic strategies under the guidance of senior team members.

You’ll have a strong academic background in a quantitative subject and good programming skills (ideally in Python).

A typical internship in QIS involves taking the lead on building a new strategy under the guidance of senior team members. The Internship will involve:

  • Reviewing academic papers on the strategy
  • Gathering relevant data
  • Coding initial prototypes of the strategy in Python
  • Discussing and implementing improvements to the strategy before delivering a final model
  • Presenting findings to a sales team to decide how to market the strategy
  • Working on marketing materials.

Macquarie Specialised and Asset Finance provides specialist finance and asset management solutions to our clients across a range of industries across the globe. Our team finance the assets people use every day, such as airplanes, trains, motor vehicles, and other equipment related to the technology, healthcare and mining industries with an asset and loan portfolio is excess of £18.9 billion.

As an Intern in our Specialised and Asset Finance team, you’ll be given the opportunity to get involved in a number of projects relating to existing and targeted assets within the Asset Finance business; this may include research, credit analysis, transaction structuring, portfolio management and working with the business development team. You’ll have exposure to the assets we finance and the long-standing relationships we have built with our clients.

Graduate opportunities

 

Apply now

As an Intern in the Energy Markets division, you’ll provide support to the London trading desk. Our desk trades with producers, consumers, refiners, trade houses and institutional clients. The desk is focused on growing its customer franchise and delivering derivative solutions to clients.

As part of the Oil trading desk in London you will:

  • assist the members of the trading team in day to day procedures and operations (booking deals, checking data is input accurately, reconciling and running reports)
  • price and execute deals for clients
  • provide on-going pricing and execution support to the trading team
  • liaise with participants from the commodities markets
  • build and improve analytical models to improve desk’s trading capabilities

Our Commodity Financing team provides bespoke financing and other credit solutions for clients with commodity exposure. We are a market leader in the most sophisticated transactions including financing through trading arrangements such as monetisations, intermediations and structured prepayments, and we cover energy, metals and agricultural products through physical and financial trading.

As a graduate within the Commodity Financing team, you will be involved in the origination, structuring, and execution of financing transactions. You will support the full deal process from pitching transactions, structuring and pricing deals, as well as engaging with sales, trading and support areas of the broader Macquarie platform. Our complex, structured transactions require a multi-disciplinary skill set needing both qualitative and quantitative aptitudes.

Our Equities Derivative and Trading division is a global securities business comprising of Volatility, Index Trading, Equity Finance, Structured Equity solutions and Global instruments. We enable client's access into markets, leverage and provide hedging solutions.

As a Graduate in Equities Derivative and Trading, you will work in close proximity with the Equity Finance getting exposure to delta1 products, stock lending and repo activity across multiple assets classes. The business facilitates clients trading objectives, you will utilise your technical skills to assist traders in deal analytics, life cycle management and inventory management.

Equities Derivative and Trading provides first class training to new joiners taking a bottom up and hands on approach. You will get exposure to a wide variety of derivative products, strategies and technical aspects of business operations.

Macquarie Specialised and Asset Finance provides specialist finance and asset management solutions to our clients across a range of industries across the globe. Our team finance the assets people use every day, such as airplanes, trains, motor vehicles, and other equipment related to the technology, healthcare and mining industries with an asset and loan portfolio is excess of £18.9 billion.

As a Graduate in our Specialised and Asset Finance team, you’ll be given the opportunity to get involved in a number of projects relating to existing and targeted assets within the Asset Finance business; this may include research, credit analysis, transaction structuring, portfolio management and working with the business development team. You’ll have exposure to the assets we finance and the long-standing relationships we have built with our clients.

Latest news

Macquarie strengthens global Macro Strategy offering in Asia and EMEA

London, 11 Mar 2019

Macquarie Group's Macro Strategy team - part of Macquarie's Commodities and Global Markets Group - has announced the expansion of its global client offering, with additional capabilities in both Asia and Europe.

Macquarie expands oil and gas equity research capabilities with new hires in London

London, 15 Feb 2019

Macquarie Group has announced the appointment of David Hewitt and James Carmichael to its oil and gas equity research team within Macquarie’s Commodities and Global Markets (“CGM”) Group.

Find out more

From Engineering to Equities: Ed Boyd's graduate year

Trading energy in the UK: Natasha Feldman’s graduate year

Our graduate stories: Josh – Commodities and Global Markets (CGM)

Meet our people

Kira Eaton – Commodities and Global Markets

“I started as an intern on the Fixed Income and Structured Finance desk within Fixed Income and Currencies in the Commodities and Global Markets group. I am now a full-time analyst with the team where we focus on lending warehouse lines, originating, structuring and distributing securitisations of mainly secured debt on a public and private basis. We also look at non-senior corporate debt and infrastructure/green debt opportunities.

“I work predominantly on the distribution side, responsible for distributing UK, European and Australian Residential Mortgage-Backed Securities and other ABS trades to investors. The team specialises in bringing first time issuers to the capital markets, and I have had the opportunity to work closely on a couple of these inaugural trades including Domivest’s and Belmont Green’s new issues.

“I have had access to clients early on and have helped to build out the client base. Given the dynamic nature of our team, there is a lot of variety to my role including working closely with the structurers and assisting with the day-to-day running of the warehouse lines. The flat structure at Macquarie also means that I learn from, and work directly with, very senior members of the team.

“I really enjoy the client interaction. I spend most days catching up with investors over the phone or at meetings to find out about their current investments and whether anything in our pipeline fits with their mandates. I cover a wide range of investors over different locations which also means I get to travel quite a bit for roadshow meetings and for conferences, and this is an aspect that I also really enjoy.”