At a Glance
- Tasks: Design and implement arbitrage strategies in metals trading, focusing on SHFE.
- Company: Leading trading firm with a global presence and innovative approach.
- Benefits: Competitive salary, performance bonuses, and opportunities for professional growth.
- Other info: Collaborative culture with a focus on continuous improvement and automation.
- Why this job: Join a dynamic team and make impactful decisions in the fast-paced trading environment.
- Qualifications: 4-8+ years of trading experience, strong analytical skills, and risk management expertise.
The predicted salary is between 80000 - 100000 £ per year.
What You Will Do
- Design, back test, and implement arbitrage strategies focused on SHFE and related instruments.
- Analyze market microstructure to identify cross-exchange and cross-contract arbitrage opportunities, including calendar spreads, inter-month trades, and LME-SHFE basis strategies.
- Monitor daily profit and loss (P&L), manage risk exposures, and ensure adherence to margin and position limits.
- Maintain accurate trade capture, position reporting, and post-trade reconciliation; contribute to automation and process improvements.
- Prepare daily market insights, trade rationales, and periodic performance reports for senior stakeholders.
- Ensure compliance with all applicable regulatory requirements and maintain robust internal controls.
Who You Are (Basic Qualifications)
- 4–8+ years of experience trading metals (copper preferred), with a demonstrable track record in arbitrage trading and consistent P&L generation.
- Strong understanding of SHFE contract specifications, delivery mechanisms, warehousing systems, margining, and Chinese market microstructure.
- Advanced quantitative and analytical skills, including experience developing statistical arbitrage models and conducting rigorous strategy validation.
- Familiarity with electronic trading systems, order management systems, and real-time market data feeds.
- Proven risk management expertise, including experience with VaR, stress testing, and scenario analysis.
- Excellent written and verbal communication skills; fluency in English required, Mandarin strongly preferred.
What Will Put You Ahead
- Direct experience with LME-SHFE basis trading, physical metal logistics, and warehouse receipt systems.
- Experience engaging with Chinese market participants, brokers, and regulatory frameworks.
- Knowledge of options trading and hedging strategies within metals markets.
- Bachelor’s or master’s degree in finance, Economics, Mathematics, Engineering, Physics, or a related discipline.
Proprietary SHFE Arbitrage Trader employer: Koch Minerals & Trading
Koch Minerals & Trading offers a dynamic and empowering work environment in London, where employees are encouraged to challenge the status quo and drive meaningful change. With a strong focus on compliance and innovation, the company provides ample opportunities for professional growth and collaboration across diverse teams, ensuring that every employee can contribute to impactful projects while enjoying a supportive culture that values individual contributions.
We think you need these skills to ace Proprietary SHFE Arbitrage Trader
Arbitrage Strategy Design
Market Microstructure Analysis
Cross-Exchange Arbitrage
Risk Management
Trade Capture and Reporting
Statistical Arbitrage Models
Electronic Trading Systems
