ETF Trader

Nine Mile, Inc; Sydney; On-site; AUD 180,000 - 240,000; Full time

Job summary

Nine Mile seeks a Trader to join the APAC ETF Market Making team from Sydney, focusing on global equity ETFs and APAC/global markets.

You will develop and execute trading strategies, apply pricing models, and manage risk while collaborating with the market-making team to advance systematic trading capabilities.

Qualifications

• 2+ years of trading experience at an HFT or market making firm.
• Strong knowledge of ETF mechanics, pricing, NAV calculation, and arbitrage.
• Understanding of global equity market microstructure and rebalancing dynamics.
• Proficiency in Python for strategy development and execution.
• Excellent numerical, analytical, and problem-solving skills.

Responsibilities

• Develop and execute trading strategies across global equity ETFs.
• Apply ETF pricing models, fair value calculations, and NAV estimation.
• Manage basket risk and tracking error across diversified holdings.
• Identify and exploit arbitrage opportunities between ETFs, baskets, and futures.
• Research and develop new systematic trading opportunities.
• Collaborate with the market-making team on initiatives and tools.
• Design and implement algorithmic trading strategies and execution tools.
• Engage with regulators, issuers, exchanges, and brokers across APAC.

Skills

Python

Probability & Statistics

Numerical analysis

Trading experience

Education

Mathematics / Engineering / Physics / Econometrics / CS

Job description

Nine Mile is an electronic principal trading firm focused on market-making and arbitrage opportunities globally. Technology is at the forefront of our business, powering Nine Mile's unified global trading platform and the micro-decisions required for successful trading.

Nine Mile's scale and efficiency allow us to be nimble, responding quickly to market opportunities and regulatory changes, whilst operating within a robust operational risk management framework.

At our heart, it's our people that power Nine Mile - our strategy, technology, and relationships.

We are proud to have a team of highly motivated, intelligent individuals who strive to solve complex problems through creative, sophisticated technology in an open, meritocratic environment.

The Role

Join Nine Mile's APAC ETF Market Making team as a Trader, based in Sydney, with a primary focus on Global Equity ETFs across APAC and global markets.

Key responsibilities include:

• Developing and executing trading strategies across global equity ETFs spanning developed and emerging market indices, sectors, and thematic baskets
• Applying advanced ETF pricing models, fair value calculation, and NAV estimation across multiple time zones and underlying equity markets
• Managing basket risk and tracking error across diversified equity holdings, factoring in dividends, index rebalances, and corporate actions
• Identifying and exploiting arbitrage opportunities between equity ETFs, their underlying baskets, futures, and related instruments
• Researching and developing new systematic trading opportunities within global equity ETF markets
• Collaborating closely with the broader market-making team
• Designing, implementing, and enhancing algorithmic trading strategies and execution tools
• Proactively engaging with regulators, issuers, exchanges, and brokers across the APAC region

What You Will Bring

• 2+ years of relevant trading experience at a High-Frequency Trading or Market Making firm, ideally with direct exposure to equity ETFs
• Strong knowledge of ETF mechanics, pricing, NAV calculation, index replication, creation/redemption flows, and arbitrage strategies
• Understanding of global equity market microstructure, index construction, and rebalancing dynamics
• Proficiency in Python
• Highly advanced capability in probability and statistics
• Excellent numerical, analytical, and problem-solving skills
• A genuine passion for financial markets, particularly systematic and quantitative trading
• Strong academic record in Mathematics, Engineering, Physics, Econometrics, Computer Science, or a related discipline

Our Culture

At Nine Mile, we operate in a highly competitive and dynamic environment. Our success depends not only on our vision, technology, and strategies, but on the people who bring them to life every day.

We foster a culture that rewards open interaction, rigorous problem-solving, creativity, and teamwork. We believe helping others succeed is as important as individual achievement.