Delta One Trader

About Tokka Labs

Tokka Labs is a proprietary trading firm focused on close collaboration, rigorous research, and leveraging state-of-the-art technology. We act as market makers, solution seekers, and problem solvers for prominent protocols operating on the world's leading blockchains. Our approach involves designing and deploying proprietary trading systems and strategies to ensure liquidity in various complex and demanding markets. Our central mission is to innovate within decentralized finance, and we seek passionate individuals who share this vision to join our team.

The Role

We are seeking a highly skilled institutional trader with extensive experience in Emerging Markets ETFs, Delta One products, or sophisticated basket trading. This role is key to leading execution and strategy development for our growing Real World Asset (RWA) and derivatives trading desks.

Note: This position does not involve trading standard ETFs. Instead, you will apply your expertise in pricing, hedging, and trading fragmented emerging market assets to the fast-evolving on-chain RWA sector. Mastery in handling illiquid markets, complex foreign exchange risk, and linear derivatives trading is essential as you contribute to scaling our RWA, futures, and delta one trading initiatives.

Responsibilities

• Develop, implement, and manage proprietary trading, arbitrage, and market-making strategies focusing on tokenized RWAs, delta one instruments, and cryptocurrency futures.
• Engage in active trading and position management of futures and delta one products optimizing factors such as basis risk, funding costs, and roll strategies.
• Oversee order execution and arbitrage tactics across dispersed platforms, integrating decentralized finance protocols and centralized exchanges.
• Continuously monitor and mitigate multi-dimensional risk exposures including volatility of underlying assets, intricate FX risk pertinent to emerging markets, basis risk, and token depegging phenomena.
• Collaborate closely with quantitative researchers to enhance pricing models for basket instruments and work alongside smart contract engineers to advance on-chain execution efficiency and capital utilization.
• Function as a subject matter expert on creation and redemption market mechanics to help refine asset wrappers and tokenized structures, promoting improved liquidity in secondary markets.

Requirements

• A minimum of five years of professional experience trading at an institutional level on an Emerging Markets ETF, Delta One, or structured basket trading desk.
• Profound knowledge in pricing complex basket securities, managing cross-currency and FX risks, and operating within illiquid and highly fragmented order book environments.
• Comprehensive understanding of delta one derivatives, linear instruments, and futures market dynamics including basis trading, curve construction, and hedging strategies.
• Strong technical abilities, specifically proficiency in Python, SQL, or R, applied towards data analysis, strategy development, and evaluating post-trade outcomes.
• A dynamic, analytical trader mindset suited to a fast-moving, collaborative, 24/7 trading environment, combined with entrepreneurial drive to innovate within a nascent asset category.

Additional Information

Tokka Labs does not accept unsolicited resumes. Any candidate introductions made without prior approval from the talent acquisition team will be considered free for contact by the company without any associated liabilities. If the introduced candidate is hired, no placement fees will be issued.