ETF Trading & Market Making

- Actively monitor and trade ETFs across NSE and BSE, covering Equity, Gold, Debt and International ETFs.
- Provide competitive two-way quotes and actively manage bid-ask spreads based on market conditions and liquidity.
- Monitor order books, traded volumes, market depth and liquidity in real time.
- Manage trading inventory and optimise positions throughout the trading session.
- Identify opportunities to improve liquidity, execution quality and trading profitability.

2. Arbitrage & Price Discovery

- Identify and execute arbitrage opportunities between ETFs and their underlying basket/index/instruments.
- Monitor ETF prices against intraday NAV, iNAV, fair value and underlying asset prices.
- Identify and act on NAV premiums/discounts and pricing inefficiencies.
- Analyse deviations between ETF market prices and underlying instruments to support efficient price discovery.
- Evaluate transaction costs, market impact and execution feasibility before deploying arbitrage strategies.

3. Execution & Order Book Management

- Execute trades with a robust focus on price, speed, liquidity and minimal slippage.
- Continuously monitor bid/ask spreads, market depth and order-book dynamics.
- Optimise order placement and execution strategies based on prevailing liquidity.
- Minimise execution impact and transaction costs while maintaining trading discipline.
- Respond rapidly to changes in market conditions without compromising risk controls.

4. Risk & Position Management

- Strictly adhere to defined position, exposure and inventory limits.
- Monitor real-time P&L;, open positions and trading exposures.
- Manage inventory efficiently and prevent excessive directional exposure.
- Maintain strong awareness of execution risk, liquidity risk, basis risk and market volatility.
- Escalate unusual market movements, liquidity disruptions or risk-limit breaches promptly.

5. Market Monitoring & Trading Technology

- Monitor market-moving events,



news and macroeconomic triggers including RBI/Fed decisions, interest-rate movements, CPI/inflation data and global market developments.
- Track volume spikes, volatility, price dislocations and changes in market liquidity.
- Use trading APIs, dashboards, Excel and analytical tools to monitor and execute strategies.
- Work with technology/data teams to improve trading tools, dashboards and execution workflows.
- Develop basic analytical scripts or tools to evaluate spreads, deviations, trading costs and execution quality.

6. P&L;, Analytics & Reporting

- Maintain accurate trade logs, execution records and daily trading reports.
- Analyse realised and unrealised P&L;, spreads, inventory and execution performance.
- Track trading costs, slippage and execution efficiency.
- Participate in daily/weekly trading desk reviews and strategy discussions.
- Contribute ideas to improve market-making efficiency, arbitrage capture and overall desk profitability.

What We're Looking For

You could be a great fit if you:

- Have experience in ETF trading, proprietary trading, arbitrage, market making or institutional execution.
- Understand the relationship between an ETF, its NAV/iNAV and underlying securities or indices.
- Have a strong understanding of order books, bid-ask spreads, liquidity and market microstructure.
- Are highly comfortable working with numbers and real-time market data.
- Can make fast, rational and disciplined decisions under pressure.
- Have strong attention to detail and respect predefined risk limits.
- Are proficient in MS Excel; knowledge of Python, APIs or trading/market-data tools is an advantage.
- Have a genuine interest in markets and enjoy working in a fast-paced trading environment.

Key Skills

ETF Trading | Market Making | Arbitrage | Execution | Order Book Management | Price Discovery | NAV/iNAV Analysis | Liquidity Management | Inventory Management | Risk Management | P&L; Analysis | Excel | Python | APIs | Market Microstructure

📌 ETF Market Trader (Ahmedabad)
🏢 Intellectual Capital HR Consulting
📍 Ahmedabad