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

Bohan; Hong Kong; On-site; HKD 1,200,000 - 2,100,000; Full time

Job summary

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

The role requires a strong P&L track record in index arbitrage and event-driven strategies, plus deep familiarity with Asia equity and derivatives markets.

Qualifications

• Minimum 5 years’ experience trading delta-one/index products in Asia.
• Proven P&L track record in index arbitrage and/or index-linked event-driven strategies.
• Strong experience sizing risk and managing drawdowns to changing market regimes.
• Deep familiarity with Asia equity and derivatives markets (HK, China, Japan, Korea, Taiwan, India, ASEAN).
• Solid understanding of pricing and risk for futures, ETFs, swaps and baskets.

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, IPO inclusions/deletions, and corporate actions.
• Collaborate 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 and improve execution quality.
• Contribute to the build-out of tools, signals and infrastructure for delta-one and index arbitrage strategies.
• Ensure full adherence to internal risk limits, compliance, and exchange/regulatory requirements across Asian markets.

Skills

Delta-One

Index arbitrage

P&L management

Asia markets

Risk management

Execution quality

Quant/Modeling

Communication

Education

Finance/Economics/Math degree

Job description

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

The role requires a strong P&L track record in index arbitrage and event-driven strategies, plus deep familiarity with Asia equity and derivatives markets.