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Overnight Fixed Income Trader

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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 1200 employees at our Chicago headquarters and offices 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.

Our formula for success is to hire exceptional people, encourage their ideas and reward their results.

As an Overnight Fixed Income Trader, you’ll have an opportunity to combine the disciplines of risk management, research and technology to develop and execute innovative trading strategies in some of the world’s most competitive markets. Teams are close-knit groups and will allow new traders to grow into a key role within the team without a prolonged training period by trading overnight. If you’re looking for responsibility and the opportunity to have an impact on a desk, this is the role for you.

*Please note - this role is based in the Singapore office, and covers the US trading hours of 6:30pm to 6:30am.  

What you’ll do in this role….

  • Deploy and execute trading strategies during the US overnight market hours
  • Identify distortions in bond prices overnight and execute trades based on the information you accumulate
  • Research and analyze trends across major financial markets and cultivate a thorough understanding of current world events and their impact across financial markets
  • Collaborate with senior traders to continuously improve strategies
  • Perform post-trade analysis of strategies along with engineers to build out bespoke technology systems
  • Communicate relevant news, market events, and system behaviors to team members

You’ll be right at home if you have….

  • A bachelor’s or master’s degree in economics, finance, mathematics, statistics, computer science, engineering, or related field
  • 5 or more years of trading experience in Fixed Income
  • Prior experience with complex trading systems or systems used to execute spread based trading strategies
  • A sound grasp of probability and statistics, as well as risk/reward and expected values
  • Self-motivation, enjoy challenges and significant responsibility, and thrive in fast-paced, competitive environments that often involve calculated risk
  • An ability to communicate effectively, concisely, and precisely when conveying information about the trades you have executed, and the present market conditions
  • Both the desire to work well within a team and a strong independent drive to accomplish tasks on your own.
  • Experience with Python and machine learning techniques a plus

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