Index Arbitrage Trader

Trevose Partners; Hong Kong; On-site; HKD 2,000,000 - 4,000,000; Full time

Job summary

Trevose Partners in Hong Kong is seeking a senior Delta One trader to lead systematic trading initiatives and manage cross-asset risk.

You will design and implement low-latency models in Python and C++, drive profitability, and collaborate with prime brokerage to optimize borrowings.

Qualifications

• 8+ years of hands-on trading experience in Delta One, index market making, or related strategies.
• Proven profitability and risk management in quantitative or relative value strategies.
• Strong programming in Python or C++, with experience in low-latency trading infra.
• Leadership and interpersonal skills to collaborate across cross-functional teams.
• Excellent communication and presentation abilities.
• Willingness to establish the business as a lead from the start.

Responsibilities

• Trade cash equities, index futures, ETFs, and swaps to capture pricing gaps.
• Control market risk, basis risk, and funding costs.
• Create systematic or algorithmic trading models in Python or C++ to spot price errors.
• Profit from predictable market flows during rebalancing and corporate actions.
• Collaborate with prime brokerage and lending teams on stock borrowing and balance sheet limits.

Skills

Python

C++

Low-latency trading

Leadership

Communication

Quantitative analysis

Job description

Core Responsibilities:

• Trade cash equities, index futures, exchange-traded funds (ETFs), and swaps to capture pricing gaps.
• Control market risk, basis risk (the price difference between a futures contract and the cash market), and funding costs.
• Create systematic or algorithmic trading models in programs like Python or C++ to spot price errors instantly.
• Profit from predictable market flows during index rebalancing and corporate actions.
• Work with prime brokerage and lending teams to handle stock borrowing and balance sheet limits.

Requirements

• 8+ years of hands-on trading experience in Delta One, index market making, or systematic or quantitative market making
• Proven history of profitability and risk management in quantitative or relative value strategies.
• Strong programming proficiency in languages such as Python or C++, with familiarity in low-latency trading infrastructure.
• Strong leadership and interpersonal skills, with the ability to work effectively with cross-functional teams
• Excellent communication and presentation skills
• Strong analytical and problem-solving abilities
• Willingness to undertake the establishment of the business as a business lead from the start