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PJM Virtuals/UTC Trader

Location:United States - Remote or Hybrid

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Competitive, Flexible Market Rate on offer

Paritas is working with a privately funded investment company specializing in wholesale electricity markets. Who are now looking to add Traders with solid experience and a strong track record who can hit the ground running.

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The client maintains a flat corporate structure with traders managing their portfolios while contributing ideas and expertise to the team. Traders are compensated with a base salary based on experience, along with a % of profits paid out on a milestone basis with no time restrictions

The company’s current primary products traded include Virtuals, UTC’s, and financial contracts over ICE for various ISO hubs.

Key Responsibilities:

• Execute high-frequency UTC and virtual bids/offers in PJM

• Identify profitable spread trades using congestion forecasts, grid data, and price signals

• Build and optimize models to forecast DA vs. RT spreads

• Monitor nodal price movements, transmission constraints, and ISO rule changes

• Manage risk exposure, P&L, and compliance in real time
  

Ideal Background:

• Experience in

  PJM virtual trading, ideally with a successful P&L

• Strong understanding of

  ISO market structures, LMP pricing, DA/RT mechanics

• Proven track record with

  UTC, INC/DEC, and virtual spread positions

• Fluent in Python, R, SQL, or similar for modeling and signal development

• Quantitative mindset, strong attention to detail, and fast decision-making

• Bonus: experience with FTRs, MISO, ERCOT, or CAISO markets