Trader

WHAT WE DO: We deploy Market Making strategies on listed Options and Futures on multiple exchanges globally and are consistently ranked within the top three liquidity providers on the exchanges and markets we are mature in. We utilize our in-house ultra-low latency and high performant trading platforms to provide best in class pricing and liquidity to markets. Our philosophy is to bring together trading acumen, cutting edge technology and a scientific method to achieve sustainable success in the marketplace. We empower our team members and maximise their ability to succeed by offering an environment that is open, collaborative and supportive. 

THE ROLE:

• Monitor the risk exposures that result from the activity of each relevant trading desk and
  adjust volatility parameters as required to ensure that the company’s pricing is in line
  with the market.
• Set the trading parameters of the execution systems used by the company to ensure
  competitive participation in the marketplace.
• Follow the trading flow to ensure optimal positioning to absorb the supply and demand
  disbalances that occasionally drive market prices.
• Develop and maintain a daily trading plan to anticipate various trading scenarios and set
  out intended courses of action depending on each outcome.
• Monitor key trading statistics to ensure that trading activities are appropriately adjusted
  as soon as deviation from prescribed KPIs becomes apparent.
• Liaise with brokers, assess pricing structures, and provide up-to-the-minute pricing
  quotes based on market conditions and data analysis.
• Monitor the trading behavior and determine whether the quoting behaviors of the systems
  are sound and competitive based on a thorough understanding of the market and relevant
  data.
• Make adjustments to trading logic, for example by utilizing Actant software, which uses
  unique algorithmic programming to assist with trading decisions, by preparing or
  requesting the relevant change to the quoting script and following through with its
  implementation and release into production and by making changes to internal trading
  systems.
• Identify and implement modifications to internal trading systems, including assessing the
  logic amendment required, formulating a request, discussing with key stakeholders,
  including the Head of Desk, submitting feature change requests, and working with the
  technology team to see the change through implementation.
• Establish and refine metrics that enable the trading desk to assess the pricing dislocation
  in risk factors relevant to the desk: implied vs realized volatility, implied vs realized
  skew, kurtosis, and future spread level.
• Investigate trades that challenge the competitiveness or the sound functioning of systems
  through detailed and thorough review of to-the-microsecond and order-by-order market
  data, and make improvements to that research framework.
• Manage, train, and guide juniors and experienced hires to ensure that all team members
  have a thorough understanding of the tools that underpin trading activities.

Salary: $130,000-175,000 per annum.

WHAT WE ARE LOOKING FOR:

• Requires Bachelor’s degree in Mathematics, Financial Engineering, or a related field of
  study,
• Plus two (2) years of experience with financial theory; Python scripting; Actant
  scripting; market making; relative value trading; systematic position taking; modeling;
  developing and maintaining a daily trading plan; and, risk monitoring.

WHAT WE OFFER:

• Amazing opportunity to be a key member of a highly committed employee-owned
  trading firm.
• The upside of start-up without the associated risks.
• Great friendly, informal and highly rewarding culture.
• Informal dress code.
• Fast growing global firm with plenty of opportunity where you will have significant
  impact.
• Benefits: Medical, Dental, Vision Insurance coverage for employees and their
  dependents. 401k with employer match. Short Term Disability, Long Term Disability,
  and Life Insurance. Annual learning and development stipend.

#LI-DNI