CME Group and BrokerTec
Philip Chiritescu
10 June 2025
Philip Chiritescu, senior sales associate at CME Group and BrokerTec, speaks with Daniel Tison about the importance of collaboration and how electronic trading venues have revolutionised US repo desks
Image: Philip Chiritescu
Can you tell me about your journey into the securities finance industry?
I initially became intrigued with the industry during my undergraduate studies when I took a fixed income analysis course, looking at how repo markets facilitate liquidity and their importance among institutions globally.
In my final year of university, I secured an internship at CME Group on the platform sales team, which focused primarily on the distribution of front-end futures and options execution on the CME Globex platform. This role gave me exposure to many teams across the company, and I made sure to assimilate as much as possible from all parts of the business and offer assistance to as many people as I could.
As a result, by the end of the year, I landed my current role on the same team, but this time as a fixed income sales associate, focusing on the distribution and adoption of our BrokerTec US Treasury and US repo electronic trading platforms.
This includes the established repo central limit order book (CLOB) and our growing BrokerTec Quote global platform, which services request-for-quote trading, covering a wide range of aspects of the securities finance industry.
As a young professional, what aspects of your role or the industry do you find most exciting?
The most exciting aspect of my role is being able to work in a fast-paced industry with colleagues who come from various career trajectories and with customers across some of the largest financial institutions in the world. I find it fulfilling when we are able to enhance our customers鈥� existing trading workflows with our evolving platform and product offerings.
One of my most rewarding experiences was the opportunity to work alongside veterans on our US repo desk and observe how one of the largest dealer-to-dealer execution platforms functions from a liquidity management perspective. The experience taught me the importance of collaboration and how electronic trading venues have revolutionised an instrumental, yet understated, facet of the market, which facilitates hundreds of billions of dollars in transactions daily.
Another fulfilling experience has been working on BrokerTec Quote, which is an agile and fast-growth venue where we are increasing market share rapidly. It has been very exciting to be part of the team advancing this product and contributing to its success.
Many companies offer various training and development opportunities for their employees. How has your company supported your growth?
CME Group has supported my growth and development through various in-person and virtual training opportunities focused on enhancing our ability to sell across our entire product suite. We also have the ability to acquire certifications, which encouraged me to pursue my Series 7 General 糖心vlog Representative licence.
My role allows me to work closely with colleagues on our US Repo and Treasury teams and Financial division management, and working with our technology team has allowed me to broaden my technical knowledge and expertise.
As a company, CME Group is committed to investing in the employee experience and encourages a culture of personal development through courses, mentoring, and coaching circles.
What misconceptions about working in the financial industry have you encountered, and how do you address these challenges?
A common misconception that I have encountered in our industry is that work-life balance is non-existent, and that the competition can be relentless, especially in the early stages of your career.
While the industry can be very challenging and stressful at times, I do my best to separate work from my personal life and still find the time to enjoy things outside of the workplace, such as spending time with friends and family, and staying active.
I have also noticed that at CME Group, rather than competing against one another, our leadership encourages collaboration across teams to achieve shared outcomes.
Looking ahead, where do you see yourself in the next five years in terms of your career goals and aspirations?
In five years, I hope to be on the manager track, continuing to solidify my expertise in securities lending and financial derivatives markets. I would also relish the opportunity to mentor other junior colleagues on my team and across the divisions. Lastly, I would like to expand my proficiency in data analytics, which can be used to provide helpful insights to internal colleagues and external market participants.
What advice do you have for other young professionals aspiring to pursue a career in your industry?
If I had one piece of advice, it would be to stay persistent, cultivate relationships, and absorb as much knowledge as you can from those around you.
Try to find ways in which you can stand out to colleagues. That can be by assisting with an upcoming project or by proactively taking on additional responsibility.
Although your technical capabilities are valued, your interpersonal skills will benefit you just as much. Make sure you are constantly learning and have the ability to adapt to your environment.
Philip Chiritescu Bio
Philip Chiritescu is a senior associate under the Client Development and Sales Division on the platform solutions team. He is responsible for the distribution of the BrokerTec fixed income and CME Group futures and options front-end execution platforms.
Based in New York, Chiritescu joined the company in June 2022 as a global client development and sales intern. He holds a Bachelor of Science in business and technology from Stevens Institute of Technology, with a concentration in finance and computer science.
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