Derivatives Trader
iRage · Mumbai, Maharashtra, India
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- On site
- Full-time
- ₹3,000,000 / year
- Mumbai, Maharashtra, India
Job highlights
- Execute HFT/algo trading for institutional clients.
- Improve execution quality and capture spreads.
- Collaborate with quants and developers on algos.
- Communicate effectively with institutional clients.
- Thrive in fast-paced, high-speed markets.
About the role
Quant Dealer - Institutional Client Execution | HFT | Front Office
We’re hiring a Quant 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.
What you’ll do
- Execute client flow using HFT/ algo execution (low-latency, real-time decisioning)
- Own execution quality: slippage, fill-rates, impact, spread capture
- Work with quants/devs (and code yourself where needed) to build + tune algos (VWAP/TWAP/adaptive)
- Interface with institutional clients: clear updates, market color, execution plans
- Thrive in fast markets - quick decisions, clean processes, zero panic
What we want
- Strong dealing + execution instincts; comfort with high-speed markets
- Great communication (client-facing, crisp, professional)
- Quick maths + logic (bps, spreads, impact, PnL intuition)
- Coding familiarity (Python/C++ preferred) + appetite to improve algos
- Microstructure awareness: order book, liquidity, volatility regimes
Why this role
True front-office seat with visible impact. Institutional clients + HFT + quant - rare blend, measurable outcomes, high learning curve.
Key skills/competency
- Quant Dealer
- HFT
- Algorithmic Execution
- Institutional Clients
- Low-latency
- Real-time Decisioning
- Execution Quality
- Trading Algos
- Market Microstructure
- Quantitative Finance
Skills & topics
- Quant Dealer
- HFT
- Algorithmic Trading
- Institutional Execution
- Quantitative Finance
- Python
- C++
- Front Office Trading
- Market Microstructure
- Derivatives Trader
How to get hired
- Tailor your resume: Highlight quantitative skills, HFT experience, and client-facing communication.
- Showcase coding prowess: Emphasize Python/C++ proficiency and algo development contributions.
- Demonstrate market intuition: Detail your understanding of market microstructure and execution quality metrics.
- Prepare for technical questions: Be ready to discuss trading strategies and quantitative concepts.
- Understand iRage's focus: Research their institutional client execution and HFT capabilities.
Technical preparation
Practice Python/C++ coding for algo tuning.,Review order book dynamics and liquidity concepts.,Understand slippage, fill rates, and impact metrics.,Prepare for quantitative and logic-based problems.
Behavioral questions
Describe handling pressure in fast markets.,How do you communicate market color to clients?,Share an experience improving an algo's performance.,Discuss a time you made a quick, clean decision.
Frequently asked questions
- What is the primary responsibility of a Quant Dealer at iRage?
- The primary responsibility of a Quant Dealer at iRage is to execute high-frequency and algorithmic trading strategies for institutional clients, focusing on optimizing execution quality.
- What technical skills are most valued for the Quant Dealer role at iRage?
- iRage values strong quantitative skills, familiarity with Python or C++, and an understanding of market microstructure for the Quant Dealer position. Experience with HFT and algorithmic execution is crucial.
- How does iRage approach institutional client execution with HFT?
- iRage employs a blend of institutional client focus and High-Frequency Trading (HFT) technology. This involves low-latency execution, real-time decisioning, and a keen eye on execution quality metrics to benefit clients.
- What kind of market environment can a Quant Dealer expect at iRage?
- A Quant Dealer at iRage can expect to thrive in fast and dynamic markets. The role requires quick decision-making, clean processes, and the ability to remain calm under pressure.
- Is coding required for the Quant Dealer position at iRage?
- Yes, coding familiarity is expected, with Python and C++ being preferred. Quant Dealers are expected to work with quants and developers, and potentially code themselves to build and tune trading algorithms.
- What distinguishes the Quant Dealer role at iRage from other trading positions?
- This role offers a unique front-office seat combining institutional client interaction, HFT expertise, and quantitative development. It presents a steep learning curve with measurable outcomes and significant impact.