Institutional Derivativea Dealer

iRageCapital; Mumbai; On-site; INR 900,000 - 1,300,000; Full time

Benefits offered by this job

Competitive compensation

Performance bonus

Annual offsites

Health insurance

Professional growth opportunities

Job summary

iRageCapital in Mumbai is seeking an Institutional Derivative Dealer to run high frequency / algorithmic execution for institutional clients and continually improve our execution engine.

You will execute arbitrage strategies, manage slippage and fill rates, work with quants and developers to test new ideas, and communicate clearly with clients.

Qualifications

• Strong dealing and execution instincts in fast-moving markets.
• Excellent client-facing communication.
• Proficiency in Python, Excel; familiarity with Bloomberg.

Responsibilities

• Execute arbitrage strategies, cash-futures, futures futures, options-futures.
• Own execution quality: slippage, fill-rates, impact, spread capture.
• Work with quants/devs to build new trading strategies.
• Interface with institutional clients: clear updates, market color, execution plans.
• Thrive in fast markets, quick decisions, clean processes, zero panic.

Skills

Dealing instincts

Execution in fast markets

Client communication

Python

Tools

Python

Excel

Bloomberg

Job description

About Us

iRage is one of India's leading high-frequency trading firms. We build and own everything in-house, from ultra-low-latency execution to our entire trading infrastructure. Our systems deliver some of the lowest latencies in the market, with order-send speeds under 100 nanoseconds - but the harder problem we've solved is keeping that latency low at scale. We run thousands of independent portfolios in parallel, carrying overnight positions across thousands of instruments, with tooling that coordinates state and information across hundreds of servers spanning multiple data centres in real time.

The stack is ours end to end: custom FPGA pipelines - including PHY and MAC layers we built on hardware firmware in-house - and a C++ codebase we control from market-data ingestion through order entry and risk. We run experiments over days just to shave off a single clock cycle.

But great technology alone doesn't move markets. Our quant and tech teams work side by side, and the results speak for themselves: millions of trades a day. To put that in perspective, we handle the equivalent of several Big Billion Days in a single day, every day, at lightning speed. iRage is where deep technical expertise meets real market impact, in one of the world's fastest-growing trading ecosystems.

Location:

Mumbai

Role Summary

We’re hiring an Institutional Derivative Dealer, a sharp, calm under pressure dealer with a quant edge to run high frequency / algorithmic execution for institutional clients and keep improving the execution engine.

Key Responsibilities

• Execute arbitrage strategies, cash-futures, futures futures, options-futures.
• Own execution quality: slippage, fill-rates, impact, spread capture.
• Work with quants/devs to build new trading strategies.
• Interface with institutional clients: clear updates, market color, execution plans.
• Thrive in fast markets, quick decisions, clean processes, zero panic.

What we looking for

• Strong dealing + execution instincts; comfort with high speed markets.
• Great communication (client-facing, crisp, professional).
• Quick maths + logic (bps, spreads, impact, PnL intuition).
• Familiarity with Python, Excel and Bloomberg ( if have worked prior)

Why this role

• True front office seat with visible impact.
• Institutional clients + HFT + quant rare blend, measurable outcomes, high learning curve.

Why You’ll Love Working Here

We’re a team that hustles—plain and simple. But we also believe life outside work matters. No cubicles, no suits—just great people doing great work in a space built for comfort and creativity.

Here’s what we offer

• Compensation – competitive package, plus a meaningful performance bonus

• Generous paid time off – Recharge & come back sharper.

• Work with the best – Collaborate with top-tier global talent.

• Adventure together – Annual offsites (international & domestic) plus regular team outings.

• Performance rewards – Attractive bonuses for those who go above & beyond.

• Health covered – Comprehensive insurance so you’re always protected.

• Fun, not just work – On-site sports, games, & a lively workspace.

• Learn & lead – Regular knowledge-sharing sessions led by your peers.

• Annual Education Allowance – Take any external course, or certification that makes you better at your craft.

• Stay fit – Gym memberships with equal employer contribution to keep you at your best.

• Relocation support – Smooth move? We’ve got your back.

• Friendly competition – Work challenges & extracurricular contests to keep things exciting.