About the role
DRW is a technology-driven, diversified principal trading firm. We trade our own capital at our own risk, across a broad range of asset classes, instruments and strategies, in financial markets around the world. As the markets have evolved over the past 25 years, so has DRW – maximizing opportunities to include real estate, cryptoassets and venture capital. With over 1,000 employees around the world, we work together to solve complex problems, challenge consensus and deliver meaningful results. It’s a place of high expectations, deep curiosity and thoughtful collaboration.
We are seeking a Proprietary Risk Trader who is focused on ETFs, Single Stocks or Futures to join one of our Global Trading teams.
What you’ll do in this role:
- Build, execute, and risk manage discretionary & semi-systematic strategies end-to-end across ETFs and index futures.
- Run ETF market-making and index arbitrage (cash–futures/TRS basis, baskets), and contribute to central risk book decisions to internalize flow and optimize inventory/hedging.
- Analyse flows & themes (macro, microstructure, corporate actions) to generate tradeable hypotheses and P&L.
- Partner with developers/quants to improve models, data pipelines, and execution tooling (Python-first culture).
- Drive execution quality: route selection, algo parameters, participation, and post-trade attribution.
- Contribute to desk risk positioning and runbooks; uphold controls (price bands, notional caps, borrow/recall awareness.
Requirements
- 5+ years as a trader in ETFs or index futures (prop/MM/sell-side delta-one).
- Asia markets experience (HK/SG/JP/KR/TW at minimum). Onshore China (QFI/Stock Connect, futures) is a strong plus.
- Hands-on exposure to ETF MM, index arbitrage, and/or central risk book workflows.
- Strong Python (pandas/numpy; quick prototyping/backtests; comfort with data hygiene & attribution).
- Ability to translate macro/news into positioning; understanding of microstructure (auctions, halts/LULD, tick/lot, fee tiers) and SBL/borrow dynamics.
- Profitable track record in equities/futures (high-level P&L drivers and risk used to achieve it).
- Nice to have
- Experience with internalization/crossing frameworks; broker algo tuning (VWAP/TWAP/POV).
- Corporate-actions & index events playbooks; AP/issuer interactions for Cr/Rd.
- Mandarin/Cantonese language skills (for brokers/issuers/reg materials) are a plus.
For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.
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Aplyr's read
DRW is a dynamic proprietary trading firm where technology and quantitative research drive innovation across diverse asset classes. Ideal for tech-savvy finance professionals.
What's promising
- •DRW offers a tech-driven environment focusing on quantitative research for trading.
- •The firm provides opportunities in diverse asset classes, including equities and derivatives.
- •DRW is known for hiring skilled engineers and researchers, emphasizing innovation.
What to watch
- •The proprietary trading model may involve high-pressure environments with significant performance expectations.
- •Limited public information about the company's work-life balance and employee satisfaction.
- •The fast-paced nature of trading may not suit everyone, especially those new to finance.
Why DRW
- •DRW integrates cutting-edge technology with trading strategies, setting it apart in the financial sector.
- •The firm actively invests in machine learning and data engineering roles.
- •DRW's focus on diverse asset classes offers varied career paths for specialists.
Aplyr’s read is generated by AI from public sources. Was it useful?
About DRW
DRW Trading is a proprietary trading firm that engages in trading across various asset classes, including equities, fixed income, and derivatives. The firm leverages technology and quantitative research to drive its trading strategies.
