---
title: 'Junior Trading Analyst - Volatility Trading at Eclipse Trading'
canonical: 'https://feeny.ai/job/junior-trading-analyst-volatility-trading-eclipse-trading-hong-kong-5n5byh9w3ve9'
type: 'job'
last_seen: '2026-09-09'
---

# Junior Trading Analyst - Volatility Trading at Eclipse Trading 

- **Company:** Eclipse Trading 
- **Location:** Hong Kong, China
- **Posted:** 2026-07-20
- **Last confirmed live:** 2026-09-09
- **Apply:** https://job-boards.greenhouse.io/eclipsetrading/jobs/8640163002

## Job description

Eclipse Trading is a leading proprietary trading firm. Founded in 2007, we have over 120 employees across 4 office locations – Hong Kong (our HQ), Sydney, Shanghai and Chicago. Our trading expertise and strategies are deployed across several markets globally, focusing on various products including equity derivatives, delta one, ETFs, commodity derivatives, and cryptocurrency. Technology is inextricably linked to our trading strategies, creating an environment powered by intellectual curiosity, problem solving, and innovation.

We are looking for a sharp, data-driven individual who understands that the best trading models are born from the synthesis of rigorous research and live market intuition. This is not an ivory-tower role for pure number-crunching or detached theoretical modelling. Instead, you will work side-by-side with traders to codify their market intuition, convert abstract trading ideas into algorithms, and directly scale our competitive edge in production. This is an on-site role and this position is part of our global Quant and Integration team and will report to the Senior Trading Analyst of Quant and Integration.

## Responsibilities and Duties

- Perform quantitative analysis on the market to improve existing trading strategies and develop new ones
- Work with traders and quants to identify technical trading problems, conduct detailed research and deliver mathematical solutions
- Derive fair value and price sensitivity of financial instruments based on mathematical theory and statistical models
- Design and deploy automation tools to improve trading

## What you offer

- 1-3 years of hands-on experience working on or with a high to mid frequency trading desk that specializes in volatility trading
- Experience working with parametric volatility models
- Smile decomposition into meaningful parameters
- Spot-Volatility correlation modelling
- Fitting optimal, bias and arbitrage free shapes
- Experience working with traders on optimizing and backtesting options portfolios/strategies.
- Long/Short relative volatility
- Dispersion/Partial dispersion
- Modelling Vol Beta/Correlation between different underliers
- Forecasting Realized Volatility and Skewness
- Event Vol pricing (earnings, macro, takeovers etc.)
- Term structure modelling
- Good command of spoken and written English
- Exceptional proficiency in Python and data analysis libraries
- A genuine curiosity about new, cutting-edge volatility research and a passion for turning theoretical research into profitable trading strategies
- A self-starter who can take an ambiguous trading problem, structure an empirical experiment, and deliver production-ready solutions independently
- A strong academic background in a quantitative or engineering discipline

## What we offer

- The opportunity to work in a collaborative environment where your contributions directly impact the success of the desk
- A close-knit team that values innovation, creativity, and professional growth
- Exposure to cutting-edge trading strategies and technologies in the volatility space
- A flat management structure, where everyone's voice is valued
- Work life balance within a multi-cultural environment

Eclipse Trading is an equal opportunity employer and we believe that diversity and inclusion are essential pillars of our success as a company. We are dedicated to embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential.

All information provided will be treated in strict confidence and used solely for recruitment purposes.

Due to the high number of responses that we receive, we are only able to respond to successful applicants.

## About Eclipse Trading 

## Company Overview
- **One-liner**: Eclipse Trading is a leading proprietary trading firm that combines technology and quantitative analysis to provide liquidity in equity derivatives, delta one, ETFs, commodity derivatives, and cryptocurrency markets globally.
- **Entity Type**: Private (proprietary trading firm, no external investors)
- **Headquarters**: Wan Chai, Hong Kong
- **Founded**: 2007
- **Founders**: Not publicly listed; key leadership includes co-founder Jason J. and partner Anthony Stevens [linkedin.com]

## Core Business
- **Primary industry/industries**: Capital Markets / Financial Services / Proprietary Trading
- **Target customers**: The company trades using its own capital; it has no external customers or investors, acting as a market maker and arbitrage trader across global exchanges [eclipsetrading.com]
- **Mission or purpose statement**: Eclipse Trading is neutral to market direction and focuses on providing liquidity through equity derivatives market making and various arbitrage strategies [eclipsetrading.com]

## Products & Services
- **Proprietary Trading Platform**: A custom-built electronic trading platform developed and maintained by the in-house technology team. The platform enables high-frequency market making and arbitrage across multiple asset classes [eclipsetrading.com]
- **Equity Derivatives Market Making**: Providing two-sided quotes (bid and ask) on options and other derivatives across various strikes and maturities on global exchanges [eclipsetrading.com]
- **Arbitrage Strategies**: Direction-neutral trading strategies that exploit pricing inefficiencies across markets and products [eclipsetrading.com]

## Market Standing
- **Valuation/Market Cap**: Not disclosed (privately held, no investors)
- **Key Metric**: Annual Revenue of $8.9M USD; 95 employees (+10.1% YoY) [linkedin.com]
- **Notable Investors/Partners**: No investors — the firm trades strictly with its own capital. Operates exchanges and liquidity venues in Hong Kong, Australia, China, the US, the UK, and Singapore [linkedin.com]
- **Growth Signals**: Active job postings (15 open roles), 36.4% quarterly job growth, 25% yearly job growth; expanding presence from 4 offices (Hong Kong, Sydney, Shanghai, Chicago) into 9 countries of operation [linkedin.com]

## Competitive Advantages
- **Proprietary Capital Base**: No external investors or clients, meaning all profits accrue internally and strategy is fully controlled in-house [eclipsetrading.com]
- **Integrated Tech/Trading Culture**: Traders and developers work side-by-side on a single, custom-built platform, allowing rapid iteration and tight feedback loops between strategy and execution [eclipsetrading.com]
- **Global Reach with Lean Team**: ~95 employees operating across Asia, Australia, and North America, with talent drawn from top banks and trading firms (Morgan Stanley, Optiver, Citadel, J.P. Morgan, IMC) [linkedin.com]
- **Long Track Record**: Stable since 2007, with consistent strategy and no reliance on outside funding or market hype

## Strategic Focus
- **Current priorities**: Recruiting top-tier quantitative and engineering talent to support continued growth; expanding into new markets and asset classes (including cryptocurrency); investing in their proprietary trading platform and quantitative research [eclipsetrading.com]
- **Direction**: Maintain a flat, collaborative structure where individual contributors can have immediate impact without the bureaucracy of larger organizations [eclipsetrading.com]

## Why Work Here
- **Culture**: Described as informal, dynamic, and collaborative; employees hail from over 15 countries, with an international and open atmosphere. The firm emphasizes that everyone’s input is valued regardless of background or experience level [eclipsetrading.com]
- **Hybrid/Office Policy**: In-office presence required at one of four global offices (Hong Kong HQ, Sydney, Shanghai, Chicago). The firm sponsors work visas for successful applicants relocating to these hubs [eclipsetrading.com]
- **Notable Perks**: A strong commitment to graduate training — structured hands-on rotations, mentorship, and clear promotion paths from Graduate Developer/Trader to senior roles. Experienced hires enjoy a collaborative environment with less overhead than at large banks [eclipsetrading.com]
- **Engineering Culture**: Developers work directly on the core trading platform, with exposure to quantitative research, low-latency systems, and trading strategy. The two-month graduate rotation program gives new hires exposure to both Quant and Tech teams before choosing their home team [eclipsetrading.com]
- **Compensation**: Competitive for the prop trading space; sample salaries include Graduate Developer (AUD ~99,786/year), Team Lead (HKD ~1,680,000/year), and Director (HKD ~1,554,236/year) [linkedin.com]

## Sources
1. [eclipsetrading.com](https://www.eclipsetrading.com/)
2. [eclipsetrading.com/careers](https://www.eclipsetrading.com/careers/)
3. [eclipsetrading.com/faq](https://www.eclipsetrading.com/faq/)
4. [linkedin.com/company/eclipse-trading](https://www.linkedin.com/company/eclipse-trading)

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