Trader (ETF/Index Arb)

Posted 7 Days Ago
Be an Early Applicant
Singapore, SGP
In-Office
Senior level
Fintech • Software • Financial Services
The Role
Trade and manage a proprietary APAC and China-focused book across index futures, ETFs, and underlying baskets. Calculate fair value, identify ADR, index arbitrage, and statistical arbitrage opportunities, execute trades, manage risk, and adjust models for corporate actions. Monitor macroeconomic, regulatory, and market-structure developments while collaborating with risk, operations, and technology teams. The role requires extensive index arbitrage, ETF market-making, or related trading experience and Python proficiency.
Summary Generated by Built In

About Grasshopper

Grasshopper is a quantitative trading technology provider based in Singapore, and is the holding company of Grasshopper Asset Management. Our state-of-the-art technology, built from the ground up in-house, puts us at the forefront of developments in electronic trading. An unbroken record of consistency and profitability is underpinned by firm values of curiosity, empowerment and flexibility.

About Grasshopper Asset Management

Grasshopper Asset Management, a subsidiary of Grasshopper, is a Licensed Fund Management Company (LFMC) regulated by the Monetary Authority of Singapore. With low-latency quantitative strategies, we generate diversified, stable and uncorrelated returns with an unbroken 18 year streak of profitability by maintaining multiple layers of algorithmic and manual risk controls.

About the Role:

We are seeking a seasoned Trader to join one of our Trading Teams. This ideal candidate is someone who has experience trading across Asian markets and is looking to step into a role with greater autonomy and ownership. You'll work closely with risk, operations and technology, along with a strong sense of market intuition, quantitative rigor, and the ability to make sound decisions under pressure.

As a key member of the Trading Team, you’ll:

  • Trade and take ownership of a proprietary book with focused on APAC and China
  • Continuously calculate fair value across index futures, ETFs, and their underlying baskets, incorporating cost of carry, dividend expectations, and financing/borrow costs
  • Identify and execute opportunities, including but not limited to ADR, index arbitrage and statistical arbitrage
  • Manage risk exposure while operating within firm-wide limits and controls, and track corporate actions (dividends, index rebalances, mergers, splits) to adjust pricing models and positions accordingly
  • Stay current on macro, regulatory and market structure developments so as to identify opportunities 

We’d love for you to have:

  • At least 5+ years trading on an index arb, ETF MM, or D1 desk (basis trading, cross-asset/cross-border arb), ideally within a proprietary trading firm, market maker, or bank with a proven track record
  • Direct experience trading APAC and/or China
  • Strong communication skills, with the ability to articulate complex trading strategies and market insights to both technical and non-technical stakeholders
  • Sharp attention to detail and the ability to make fast, disciplined decisions under pressure
  • Coding proficiency in Python for pricing, research, or monitoring tools

#gam

What you can expect working at Grasshopper:

At Grasshopper, you will be working in a diverse and dynamic environment with a flat hierarchy. With over 100 employees and 15 nationalities working in an open office, communication is essential to performance. To keep our edge as the “small giant” of trading technology, we give employees a high level of autonomy and encourage them to get creative, take risks, make mistakes and learn from them. The sprint is on!

Grasshopper is an equal opportunity employer.

Skills Required

  • At least 5 years of experience trading on an index arbitrage, ETF market-making, or D1 desk
  • Experience with basis trading or cross-asset/cross-border arbitrage
  • Experience trading APAC and/or China markets
  • Experience at a proprietary trading firm, market maker, or bank with a proven track record
  • Strong communication skills and ability to explain complex trading strategies and market insights
  • Ability to make fast, disciplined decisions under pressure
  • Python coding proficiency for pricing, research, or monitoring tools
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The Company
148 Employees
Year Founded: 2006

What We Do

Grasshopper is a Singapore-based quantitative trading technology provider and the holding company of Grasshopper Asset Management. It develops proprietary, in-house technology for electronic trading and operates as a proprietary trading firm providing liquidity in global markets. Its low-latency quantitative strategies, algorithmic and manual risk controls, and technology-led asset-management capabilities support diversified, stable, and uncorrelated returns, alongside a diverse, international workforce.

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