Global Broking Off-Cycle Internship 2026, Paris - TP Inflation Swaps

The TP ICAP Group is a world leading provider of market infrastructure.

Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.

Through our people and technology, we connect clients to superior liquidity and data solutions.

The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform.

Founded in London in 1866, the Group operates from more than 60 offices in 27 countries. We are 5,200 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.

About TP (Tullett Prebon)

A world-leading intermediary in the wholesale financial and energy markets, Tullett Prebon seeks to maximise value for its clients' trading activities across voice, hybrid and pure electronic channels.

We offer broking services for a wide range of asset classes, including Equities, Credit, FX, Rates and Insurance Derivatives.

Across all asset classes, Tullett Prebon offers e-solutions to give clients the choice to enter prices and execute trades electronically and directly via one of our hybrid electronic trading systems, or to engage with brokers to help identify and negotiate trades.

Role Overview

We are seeking a highly motivated Intern to join our Inflation Swaps team in Paris for a six-month placement. This internship offers a unique opportunity to gain hands-on exposure to global financial markets and develop a strong understanding of the role of an Interdealer Broker within a fast-paced trading environment.

Working closely with experienced brokers and support teams, you will gain insight into inflation-linked products, market dynamics, trade lifecycle management, and pricing tools while contributing to day-to-day business activities.

From this role you will get:

• Practical experience within a leading global financial markets business.
• Exposure to inflation-linked products and derivatives markets.
• Opportunity to work alongside experienced brokers and market professionals.
• Development of technical, analytical, and commercial skills in a real-world trading environment.
• A collaborative and international working environment, based in our offices in central Paris.

Role Responsibilities

• Monitor and follow up on trades across a range of products, including bonds, swaps, and options.
• Assist with trade capture and booking activities, ensuring accuracy and timely processing.
• Develop and automate pricing tools and analytics using Python and other technologies.
• Support the maintenance and enhancement of existing pricing models and systems.
• Liaise with Middle Office and Back Office teams to resolve trade and operational queries.
• Analyse market and trading data to support business decision-making.
• Contribute to process improvement and automation initiatives across the desk.

Experience / Competences

Essential

• Strong interest in financial markets, macroeconomics, and fixed income products.
• Fluent in both French and English, with excellent written and verbal communication skills.
• Strong programming skills in Python.
• Good understanding of SQL and relational databases.
• Ability to manipulate, validate, and analyse large datasets.
• High level of technical aptitude and ability to work independently.
• Strong analytical and problem-solving skills.
• Proficiency in Microsoft Excel.

Desired

• Previous experience within Financial Services, FinTech, or a similar environment.
• Currently studying for a degree at a Business School, Engineering School, or a related discipline.
• Knowledge of financial instruments such as bonds, swaps, and derivatives would be advantageous.
• Familiarity with data visualisation or automation tools is beneficial.

Role Band & Level: Support, 1

Not The Perfect Fit?

Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.

Company Statement

We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord

• our Employee Network
• is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.

Location

France

• Rue Washington
• Paris