Delta One Trader

Vega Solutions; Singapore; On-site; SGD 180,000 - 270,000; Full time

Job summary

Tokka Labs in Singapore seeks an institutional-grade trader to drive execution and strategy for our Real World Asset and derivatives desks. You will price, hedge, and trade fragmented EM assets, applying on-chain RWA know-how to scale liquidity and manage FX risk in illiquid markets.

Responsibilities include designing and running proprietary trading, arbitrage, and market-making strategies for tokenized RWAs and delta-one products, while collaborating with researchers and engineers on pricing

Qualifications

• 5+ years of institutional trading experience on EM ETF, Delta One or structured basket trading desk.
• Deep pricing expertise for complex baskets and cross-currency/FX risk management.
• Strong knowledge of delta one products, linear derivatives, and futures market mechanics.
• Proficiency in Python, SQL, or R for data analysis and strategy prototyping.
• Thrives in a fast-paced, 24/7 market environment with analytical rigor and entrepreneurial grit.

Responsibilities

• Strategy & Execution: Design, deploy, and run proprietary trading, arbitrage, and market-making strategies for tokenized RWAs, delta one products, and crypto futures.
• Derivatives Management: Trade and manage positions in futures and delta one products, optimizing basis risk, funding rates, and roll efficiencies.
• Liquidity & Arbitrage: Manage order execution and arbitrage strategies across highly fragmented venues, bridging decentralized protocols (DeFi) and centralized exchanges (CeFi).
• Risk & Hedging: Dynamically manage multi-variable risk exposures, including underlying asset volatility, complex FX risk (critical for EM-linked underlyings), basis risk, and protocol depegging.
• Cross-Functional Collaboration: Partner with quantitative researchers to refine pricing models for basket assets and collaborate with smart contract engineers to optimize on-chain execution and capital efficiency.
• Product Innovation: Serve as the internal domain expert on creation/redemption-style market mechanics to help optimize asset wrappers and tokenized structures for secondary market liquidity.

Skills

Institutional trading

Pricing complex baskets

Cross-currency / FX risk

Delta one / futures

Python / SQL / R

Tools

Python

SQL

R

Job description

About Tokka Labs

Tokka Labs is a proprietary trading firm with a focus on close collaboration, rigorous research, and cutting-edge technology. We are market makers, searchers, and solvers for top protocols on the most popular blockchains in the world. We design and implement our own trading systems and strategies to provide liquidity in the most diverse and challenging environments. At the core of it all lies our unwavering commitment to pushing boundaries of decentralized finance and we are always on the lookout for like-minded individuals to join us on this journey.

The Role

We are looking for a sharp, institutional-grade trader with a background in Emerging Markets ETFs, Delta One, or complex basket trading to drive execution and strategy for our expanding Real World Asset (RWA) and derivatives desks.

To be clear: You won't be trading traditional ETFs here. Instead, you will be taking the exact skillset required to price, hedge, and trade fragmented EM assets and applying it to the rapidly growing on-chain RWA ecosystem. If you know how to navigate illiquid underlying markets, manage complex FX risk, and trade linear derivatives, we want your toolkit to help us scale our RWA, futures, and delta one trading operations.

Responsibilities

• Strategy & Execution: Design, deploy, and run proprietary trading, arbitrage, and market-making strategies for tokenized RWAs, delta one products, and crypto futures.
• Derivatives Management: Actively trade and manage positions in futures and delta one products, optimizing for basis risk, funding rates, and roll efficiencies.
• Liquidity & Arbitrage: Manage order execution and arbitrage strategies across highly fragmented venues, bridging decentralized protocols (DeFi) and centralized exchanges (CeFi).
• Risk & Hedging: Dynamically manage multi-variable risk exposures, including underlying asset volatility, complex FX risk (critical for EM-linked underlyings), basis risk, and protocol depegging.
• Cross-Functional Collaboration: Partner with quantitative researchers to refine pricing models for basket assets and collaborate with smart contract engineers to optimize on-chain execution and capital efficiency.
• Product Innovation: Serve as the internal domain expert on creation/redemption-style market mechanics to help optimize asset wrappers and tokenized structures for secondary market liquidity.

Requirements

• Experience: 5+ years of institutional trading experience on an Emerging Markets ETF, Delta One, or structured basket trading desk.
• Core Skillset: Deep technical expertise in pricing complex baskets, managing cross-currency/FX risk, and navigating illiquid, highly fragmented order books.
• Derivatives Expertise: Strong operational knowledge of delta one products, linear derivatives, and futures market mechanics (basis trading, curves, and hedging).
• Technical Skills: Proficiency in Python, SQL, or R for data analysis, strategy prototyping, and post-trade performance review.
• Mindset: Thrives in a fast-paced, collaborative, 24/7 market environment. You possess the analytical rigor of an institutional trader combined with the entrepreneurial grit required to build in an emerging asset class.