Trader

Role Overview The 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. Key Responsibilities Actively trade equity ETFs, futures, and related derivatives within a systematic market making framework, managing execution and risk on a daily basis Design, own, and optimize market making, arbitrage, and hedging strategies, including spread setting, order placement, inventory management, and intraday risk controls Develop and refine automated trading models, signal generation, and risk algorithms from research through to production implementation Manage ETF creation/redemption processes, incorporating primary and secondary market dynamics into pricing and risk models Analyze NAV dislocations, basket composition changes, and ETF/NAV basis relationships to inform trading decisions Collaborate with ETF issuers and authorized participants on operational and structural matters affecting trading strategies Improve trade execution quality by leveraging microstructure insights, latency management, and venue-specific rules Partner with engineering teams to enhance low-latency infrastructure, integrate new indicators and risk controls, and maintain high system performance Model cross-asset relationships including interest rates, sector exposures, and index mechanics to expand platform capabilities Implement real-time risk management tools such as position limits, P&L monitoring, and regulatory compliance checks Take full ownership of existing systematic trading systems, including integration of new signals, backtesting frameworks, and production workflows Core Qualifications & Requirements 3-7+ years of hands-on experience in systematic market making or ETF arbitrage trading, with proven record of managing live strategies Deep understanding of ETF creation/redemption processes, authorized participant workflows, NAV calculations, and premium/discount dynamics Practical experience optimizing trading algorithms, spread models, inventory strategies, and risk management frameworks Strong programming skills in Python for strategy development, analysis, and backtesting; C++ experience preferred Series 7 and Series 57 licenses required or obtainable promptly Knowledge of equity and futures market microstructure, execution venues, latency considerations, and maker-taker economics Familiarity with primary/secondary market liquidity, exchange rules, and fee structures Nice-to-Have Qualifications Background at a proprietary trading firm or market-making organization specializing in systematic strategies Experience with fixed income ETFs, interest rate products, and related derivatives such as Treasuries, SOFR futures, or swaps Proven end-to-end strategy development from research, testing, deployment, and live monitoring Engagement with market regulators, exchanges, or ETF issuers in operational or compliance matters Leadership experience in hiring, mentoring, or managing junior trading staff