APAC Options Market-Making Trader – Sydney

Nine Mile is an electronic principal trading firm focused on market-making and arbitrage opportunities globally. Technology is at the forefront of our business, powering Nine Mile’s unified global trading platform and the micro-decisions required for successful trading.

Nine Mile’s scale and efficiency allow us to be nimble, responding quickly to market opportunities and regulatory changes, whilst operating within a robust operational risk management framework. At our heart, it’s our people that power Nine Mile – our strategy, technology, and relationships. We are proud to have a team of highly motivated, intelligent individuals who strive to solve complex problems through creative, sophisticated technology in an open, meritocratic environment.

Join Nine Mile’s market making team as a Trader, based in Sydney, focused on options across APAC. We’re expanding into options market making, with a mandate to build out across a range of products and asset classes over time. You’ll develop and execute market making strategies and manage risk across listed options. This is an early role in a growing part of our business, so you’ll have genuine ownership over how the book is traded and where it goes next, working alongside a small, technical team from strong trading backgrounds.

Key responsibilities include:

• Developing and executing options market making strategies across APAC, with scope to grow across a range of products and asset classes over time
• Pricing options and managing the book across the greeks, volatility surface, skew, and term structure
• Dynamically hedging options risk using underlying equities, futures, and ETFs
• Identifying and exploiting relative value and arbitrage opportunities across options, their underlyings, ETFs, and related derivative instruments
• Researching and developing new systematic trading opportunities within options markets
• Working closely with technology to design and improve pricing models, quoting engines, and execution tools tailored to options market microstructure
• Collaborating closely with the broader market-making team
• Proactively engaging with regulators, exchanges, issuers, and brokers across APAC options and derivatives markets

What you Will Bring:

• 5+ years of options trading or market making experience at a High-Frequency Trading or Market Making firm, ideally in listed or exchange traded options
• Deep understanding of options pricing and risk, including volatility surfaces, the greeks, skew, and term structure
• Hands-on experience running and managing an options book, including dynamic hedging
• A track record of developing and owning trading strategies, with the appetite to help grow a new area of the business
• Strong grasp of options and derivatives market microstructure
• Familiarity with ETFs or the wider APAC derivatives landscape is a plus
• Proficiency in Python
• Highly advanced capability in probability, statistics, and stochastic processes
• Excellent numerical, analytical, and problem-solving skills
• A genuine passion for financial markets, particularly systematic and quantitative options trading
• Strong academic record in Mathematics, Engineering, Physics, Econometrics, Computer Science, or a related discipline

At Nine Mile, we operate in a highly competitive and dynamic environment. Our success depends not only on our vision, technology, and strategies, but on the people who bring them to life every day. We foster a culture that rewards open interaction, rigorous problem-solving, creativity, and teamwork. We believe helping others succeed is as important as individual achievement.