Senior Metals Trader

Grasshopper; Singapore; On-site; SGD 180,000 - 480,000; Full time

Benefits offered by this job

21 days annual leave

Mentorship & professional growth

Comprehensive Insurance package incl.

Annual Dental & Wellness budget

Employee bonus referrals

Job summary

Grasshopper in Singapore seeks a Senior Metals Trader with elite track record in precious metals, focused on global gold arbitrage and physical delivery mechanics. You will bridge physical commodity flows with electronic trading, designing, scaling, and executing arbitrage strategies across venues such as London, COMEX, SGE, and OTC markets using our technology stack and capital allocation.

You will manage end-to-end physical delivery, navigate logistics and financing costs, and collaborate with

Qualifications

• 7+ years of institutional trading experience focused on precious metals with a profitable track record in gold trading.
• Deep hands-on understanding of physical delivery protocols, Loco London clearing, vaulting dynamics, and refining/transportation friction.

Responsibilities

• Deploy and manage a profitable global gold arbitrage book across physical and futures markets.
• Oversee end-to-end physical delivery, vaulting, and swap mechanics to optimize arbitrage yields.
• Identify and exploit cross-market price dislocations (London, COMEX, SGE, OTC) and cross-commodity dynamics.
• Manage delta, basis, and FX risk; maintain relationships with bullion banks and liquidity providers.
• Collaborate with Quant Researchers and Software Engineers to automate pricing models and execution workflows.

Skills

Precious metals

Physical delivery

Arbitrage

Quantitative mindset

Professional network

Mandarin fluency

Job description

Grasshopper is a quantitative trading technology provider based in Singapore, and is the holding company of Grasshopper Asset Management. Our state-of-the-art technology, built from the ground up in-house, puts us at the forefront of developments in electronic trading. An unbroken record of consistency and profitability is underpinned by firm values of curiosity, empowerment and flexibility.

We are seeking an exceptional Senior Metals Trader with an elite track record in precious metals, with a specific focus on global gold arbitrage and physical delivery mechanics.

In this role, you will bridge the gap between traditional physical commodity flows and modern electronic trading. You will design, scale, and execute arbitrage strategies across global venues (e.g., London, COMEX, SGE, and OTC markets), leveraging our firm’s world-class technology stack, capital allocation, and rapid market-access capabilities.

Key Responsibilities

• Strategy Execution & Management: Deploy and manage a profitable global gold arbitrage book, capitalizing on price discrepancies between physical spot, futures, and other markets.
• Physical Delivery Optimization: Oversaw the end-to-end lifecycle of physical delivery, vaulting, and swap mechanics. Navigate the logistics, financing costs (leases/unallocated accounts), and friction points of moving physical metal to optimize arbitrage yields.
• Cross-Market Arbitrage: Continuously identify and exploit geographical mispricings (e.g., East vs. West flows, London vs. New York vs. Shanghai) and cross-commodity/spread dynamics.
• Risk & Liquidity Management: Manage delta, basis, and FX risk inherent in cross-border physical and electronic arbitrage. Cultivate and maintain deep relationships with bullion banks, refiners, and liquidity providers.
• Infrastructure Collaboration: Work hand-in-hand with our internal Quant Researchers and Software Engineers to automate pricing models, streamline execution workflows, and minimize time-to-market for new trading venues.

Required Qualifications & Experience

• Experience: 7+ years of institutional trading experience explicitly focused on precious metals, with a verified, profitable track record in gold trading.
• Physical Markets Expertise: Deep, hands-on understanding of physical delivery protocols, Loco London clearing, vaulting dynamics, and the mechanics of refining/transportation friction.
• Arbitrage DNA: Proven experience executing complex arbitrage strategies across COMEX, LBMA market makers, and regional exchanges (e.g., Shanghai Gold Exchange (SGE), India/GIFT City, or Middle Eastern hubs).
• Quantitative Mindset: While you do not need to be a quantitative trader, you should have a systematic, data-driven approach to markets.
• Network: An established network of counterparties including bullion desks, clearing firms, and physical market participants.
• Languages: Fluent in Mandarin at least at a business-level proficiency

#gam

What we offer:

• 21 days annual leave
• An opportunity to learn from experienced professionals, fostering mentorship opportunities and personal growth
• Comprehensive Insurance Package with extended coverage for dependents
• Annual Dental & Wellness budget
• Employee bonus referrals

What you can expect working at Grasshopper:

At Grasshopper, you will be working in a diverse and dynamic environment with a flat hierarchy. With over 100 employees and 15 nationalities working in an open office, communication is essential to performance. To keep our edge as the “small giant” of trading technology, we give employees a high level of autonomy and encourage them to get creative, take risks, make mistakes and learn from them. The sprint is on!

Grasshopper is an equal opportunity employer.