Trader

Role OverviewThe Systematic ETF Trader will own and enhance a fully operational, high-performance trading system focused on ETF market making, arbitrage, and cross-asset hedging, with scope to develop and scale trading strategies across equity ETFs, futures, and fixed income instruments. This role is impactful in driving daily P&L, refining trading algorithms, and collaborating on infrastructure improvements, with a clear pathway toward leadership within a growing platform.

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Key ResponsibilitiesActively trade equity ETFs, futures, and related derivatives within a systematic market making framework, managing execution and risk on a daily basisDesign, own, and optimize market making, arbitrage, and hedging strategies, including spread setting, order placement, inventory management, and intraday risk controlsDevelop and refine automated trading models, signal generation, and risk algorithms from research through to production implementationManage ETF creation/redemption processes, incorporating primary and secondary market dynamics into pricing and risk modelsAnalyze NAV dislocations, basket composition changes, and ETF/NAV basis relationships to inform trading decisionsCollaborate with ETF issuers and authorized participants on operational and structural matters affecting trading strategiesImprove trade execution quality by leveraging microstructure insights, latency management, and venue-specific rulesPartner with engineering teams to enhance low-latency infrastructure, integrate new indicators and risk controls, and maintain high system performanceModel cross-asset relationships including interest rates, sector exposures, and index mechanics to expand platform capabilitiesImplement real-time risk management tools such as position limits, P&L monitoring, and regulatory compliance checksTake full ownership of existing systematic trading systems, including integration of new signals, backtesting frameworks, and production workflows
Core Qualifications & Requirements3-7+ years of hands-on experience in systematic market making or ETF arbitrage trading, with proven record of managing live strategiesDeep understanding of ETF creation/redemption processes, authorized participant workflows, NAV calculations, and premium/discount dynamicsPractical experience optimizing trading algorithms, spread models, inventory strategies, and risk management frameworksStrong programming skills in Python for strategy development, analysis, and backtesting; C++ experience preferredSeries xzbcwsv 7 and Series 57 licenses required or obtainable promptlyKnowledge of equity and futures market microstructure, execution venues, latency considerations, and maker-taker economicsFamiliarity with primary/secondary market liquidity, exchange rules, and fee structures
Nice-to-Have QualificationsBackground at a proprietary trading firm or market-making organization specializing in systematic strategiesExperience with fixed income ETFs, interest rate products, and related derivatives such as Treasuries, SOFR futures, or swapsProven end-to-end strategy development from research, testing, deployment, and live monitoringEngagement with market regulators, exchanges, or ETF issuers in operational or compliance mattersLeadership experience in hiring, mentoring, or managing junior trading staff