Senior Metals Trader
Grasshopper · Singapore
About Grasshopper
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.
About Grasshopper Asset Management
Grasshopper Asset Management, a subsidiary of Grasshopper, is a Licensed Fund Management Company (LFMC) regulated by the Monetary Authority of Singapore. With low-latency quantitative strategies, we generate diversified, stable and uncorrelated returns with an unbroken 18 year streak of profitability by maintaining multiple layers of algorithmic and manual risk controls.
Why we're looking:
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
- Well stocked pantry
- Annual Dental & Wellness budget
- Gym membership
- 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.