Delta-One Index Trader: Asia Arbitrage & Event-Driven

Bohan; Hong Kong; On-site; HKD 1,200,000 - 3,000,000; Full time

Job summary

Bohan is seeking an experienced Delta-One Index Trader to join our Asia-focused hedge fund in Hong Kong. You will run and expand a profitable trading book across cash equities, index futures, ETFs, swaps and related instruments, with market-making, relative-value and catalyst-driven strategies.

The person will collaborate with research, quant and sales/trading teams to optimize fair-value models, liquidity, and execution costs, while managing intraday risk and capital usage.

Qualifications

• Minimum 5 years’ experience trading delta-one/index products in Asia at a hedge fund, proprietary trading firm, or major sell-side bank.
• Proven P&L track record in index arbitrage and/or index-linked event-driven strategies.
• Strong experience trading prop risk with capacity, risk, and drawdown management.
• Deep familiarity with Asia equity and derivatives markets (HK, China, Japan, Korea, Taiwan, India, ASEAN).
• Solid understanding of futures, ETFs, swaps and baskets pricing and risk.

Responsibilities

• Run a risk-managed delta-one trading book across Asia equity indices, single-stock baskets, ETFs and index futures.
• Risk trade and optimise index arbitrage strategies (cash–futures basis, ETF vs basket, ADR/local, sector and thematic baskets).
• Develop and trade event-driven opportunities around index rebalances (MSCI, FTSE, HSCEI, TOPIX, etc.), IPO inclusions, deletions, and corporate actions.
• Work closely with research and quant teams to refine models for fair-value, liquidity, slippage, and execution cost estimation.
• Manage intraday risk, inventory, and funding; monitor exposures across markets, sectors, factors and counterparties.
• Collaborate with sales/trading and prime brokers to source liquidity, locate inventory and improve execution quality.
• Contribute to the build-out of tools, signals and infrastructure for delta-one and index arbitrage strategies (screeners, backtests, analytics, monitoring).
• Ensure full adherence to internal risk limits, compliance, and relevant exchange and regulatory requirements across Asian markets.

Skills

Delta-One trading

Index arbitrage

P&L management

Risk management

Execution quality

Education

Finance/Economics/Math degree

Job description

Bohan is seeking an experienced Delta-One Index Trader to join our Asia-focused hedge fund in Hong Kong. You will run and expand a profitable trading book across cash equities, index futures, ETFs, swaps and related instruments, with market-making, relative-value and catalyst-driven strategies.

The person will collaborate with research, quant and sales/trading teams to optimize fair-value models, liquidity, and execution costs, while managing intraday risk and capital usage.