AP Capital is a diversified investment firm Globally trading equities, commodities, FX, fixed income (Bonds, Credit &amp; Rates). We adopt market neutral strategies to minimize the impact of market turbulence and maximize investment potential. Furthermore, we aim to provide risk-adjusted returns while improving liquidity.
As a Futures Trader specializing in the Iron/Steel/Coal sector, you will play a pivotal role in generating revenue.
Job Description:
<ul>
<li>Develop and Execute Trading Strategies: Utilize your expertise in the Iron/Steel &amp; Coal products industry to create and implement commodity arbitrage trading plans.</li>
<li>Iron Ore, Coal &amp; Steel&nbsp;Futures Arbitrage: Take ownership of arbitrage trading for iron ore product futures and commodity futures, encompassing both offshore and onshore products. Specific China vs Global futures Arb is required</li>
<li>Holdings Analysis and Reporting: Organize and consolidate business segment holdings. Monitor brokerage bank funds and monthly positions, promptly communicating updates to the trading supervisor.</li>
<li>Industry Research and Reporting: Collect, organize, and analyze industry data. Monitor industry trends, conduct thorough research within your designated sector, and prepare insightful research reports.</li>
<li>Investment Opportunity Identification: Demonstrate a keen eye for recognizing valuable investment opportunities within the market.</li>
</ul>
Qualifications:
<ul>
<li>Relevant Experience: Possess a minimum of 3-5 years of hands-on experience within the futures or securities finance industry with Futures or commodities arbitrage and a solid PnL Trackrecord.</li>
<li>Market Insight: Showcase your perceptive market insights, combined with exceptional organizational, planning and logical analysis skills. Effective communication, coordination, and execution abilities are essential.</li>
<li>Initiative and Team Spirit: Demonstrate a strong sense of initiative, responsibility, and execution capability. Possess excellent communication and problem-solving skills, coupled with a collaborative team spirit.</li>
<li>Adaptability: Thrive in diverse work environments and effectively manage work pressure.</li>
<li>Educational Background: Hold a Bachelor's degree or higher in economics, finance, mathematics, statistics, engineering or related field.</li>
</ul>
If you are ready to contribute your expertise to a thriving trading environment, where your skills will be valued and your potential will be nurtured, AP Capital invites you to be part of our team. Join us in shaping the future of commodities trading.

Proprietary Trader, Iron Ore / Steel / Coal (Singapore, HK or China)

Proprietary Futures Trader &ndash; Agricultural
AP Capital is seeking an experienced Proprietary Futures Arbitrage Trader to join our team, preference is in Singapore. HK or China can be considered. As a Futures Trader specializing in the agricultural sector, you will play a pivotal role in building the desk, trading book &amp; generating revenue.
You will lead and manage:
<ul>
<li>Trading Strategies: Utilize your expertise in the agricultural products industry to create and implement&nbsp;commodity arbitrage trading strategies and execution. (China vs Global arb)</li>
<li>Agricultural&nbsp;Futures Arbitrage: Take ownership of arbitrage trading for agricultural product futures and commodity futures, encompassing both offshore and onshore products. (products such as Grains, Veg Oils, Soy etc)</li>
<li>Holdings Analysis and Reporting: Organize and consolidate business segment holdings. Monitor brokerage bank funds and monthly positions, promptly communicating updates to the trading supervisor.</li>
<li>Industry Research and Reporting: Collect, organize, and analyze industry data. Monitor industry trends, conduct thorough research within your designated sector, and prepare insightful research reports.</li>
<li>Investment Opportunity Identification: Demonstrate a keen eye for recognizing valuable investment opportunities within the market.</li>
</ul>
Qualifications:
<ul>
<li>Relevant Experience: Possess a minimum of 3-5 years of hands-on experience within the futures or securities finance industry with&nbsp;Futures or commodities arbitrage and a solid PnL Trackrecord.</li>
<li>Market Insight: Showcase your perceptive market insights, combined with exceptional organizational, planning and logical analysis skills. Effective communication, coordination, and execution abilities are essential.</li>
<li>Initiative and Team Spirit: Demonstrate a strong sense of initiative, responsibility, and execution capability. Possess excellent communication and problem-solving skills, coupled with a collaborative team spirit.</li>
<li>Adaptability: Thrive in diverse work environments and effectively manage work pressure.</li>
<li>Educational Background: Hold a Bachelor's degree or higher in economics, finance, mathematics, statistics, engineering or related field.</li>
</ul>
If you are ready to contribute your expertise to a thriving trading environment, where your skills will be valued and your potential will be nurtured, AP Capital invites you to be part of our team. Join us in shaping the future of agricultural commodities trading.

Proprietary Futures Trader – Agricultural (Singapore, HK or China)

Dubai &ndash; Mid to Senior Level &ndash; Full time&nbsp;
Proprietary Trader - Macro Rates
AP Capital is a diversified investment firm Globally trading equities, commodities, FX, fixed income (Bonds, Credit &amp; Rates). We adopt market neutral strategies to minimize the impact of market turbulence and maximize investment potential. Furthermore, we aim to provide risk-adjusted returns while improving liquidity.
We are looking for a Fixed Income / Rates focused Proprietary Trader specifically focused on MENA (Saudi Arabia, Turkey, UAE etc.) and GCC (Bahrain, Kuwait, Oman, Qatar etc.). This will join the newest division that was launched in 2023.
The successful candidate will be responsible for developing and executing trading strategies, managing risk and generating profits within rates and other products, asset classes.
Key Responsibilities
<ul style="margin-top: 0in;" type="disc">
<li class="xmsonormal" style="color: black; margin-bottom: 8.0pt; line-height: 105%; mso-list: l0 level1 lfo1; tab-stops: list .5in;">Develop and implement proprietary trading strategies focused on rates products, including interest rates futures, interest rates swaps, CDS, CDX etc.</li>
<li class="xmsonormal" style="color: black; margin-bottom: 8.0pt; line-height: 105%; mso-list: l0 level1 lfo1; tab-stops: list .5in;">Conduct thorough market analysis and research to identify trading opportunities for&nbsp;global macro strategies.</li>
<li class="xmsonormal" style="color: black; margin-bottom: 8.0pt; line-height: 105%; mso-list: l0 level1 lfo1; tab-stops: list .5in;">Execute trades efficiently and effectively, ensuring compliance with risk management protocols.</li>
<li class="xmsonormal" style="color: black; margin-bottom: 8.0pt; line-height: 105%; mso-list: l0 level1 lfo1; tab-stops: list .5in;">Monitor and manage portfolio risk, adjusting strategies as necessary to optimize performance.</li>
<li class="xmsonormal" style="color: black; margin-bottom: 8.0pt; line-height: 105%; mso-list: l0 level1 lfo1; tab-stops: list .5in;">Collaborate with other traders, analysts, and risk management teams to share insights and enhance trading strategies.</li>
<li class="xmsonormal" style="color: black; margin-bottom: 8.0pt; line-height: 105%; mso-list: l0 level1 lfo1; tab-stops: list .5in;">Stay updated on market trends, economic indicators, and regulatory changes impacting the interest rates market.</li>
<li class="xmsonormal" style="color: black; margin-bottom: 8.0pt; line-height: 105%; mso-list: l0 level1 lfo1; tab-stops: list .5in;">Prepare regular reports on trading performance, market conditions, and strategy adjustments.</li>
</ul>
Qualifications
<ul style="margin-top: 0in;" type="disc">
<li class="xmsonormal" style="color: black; margin-bottom: 8.0pt; line-height: 105%; mso-list: l1 level1 lfo2; tab-stops: list .5in;">Bachelor&rsquo;s degree in Finance, Economics, Mathematics, or a related field. Advanced degrees or relevant certifications (e.g., CFA, FRM) are a plus.</li>
<li class="xmsonormal" style="color: black; margin-bottom: 8.0pt; line-height: 105%; mso-list: l1 level1 lfo2; tab-stops: list .5in;">Proven experience as a proprietary trader with a focus on&nbsp;credit and rates products.</li>
<li class="xmsonormal" style="color: black; margin-bottom: 8.0pt; line-height: 105%; mso-list: l1 level1 lfo2; tab-stops: list .5in;">Strong analytical skills and the ability to interpret complex financial data.</li>
<li class="xmsonormal" style="color: black; margin-bottom: 8.0pt; line-height: 105%; mso-list: l1 level1 lfo2; tab-stops: list .5in;">Excellent risk management and decision-making abilities with satisfied track records.</li>
</ul>
<ul style="margin-top: 0in;" type="disc">
<li class="xmsonormal" style="color: black; margin-bottom: 8.0pt; line-height: 12.85pt; mso-list: l2 level1 lfo3; tab-stops: list .5in;">Proficiency in trading platforms and financial software.</li>
<li class="xmsonormal" style="color: black; margin-bottom: 8.0pt; line-height: 105%; mso-list: l2 level1 lfo3; tab-stops: list .5in;">Strong communication and interpersonal skills&nbsp;</li>
</ul>
<ul style="margin-top: 0in;" type="disc">
<li class="xmsonormal" style="color: black; margin-bottom: 8.0pt; line-height: 105%; mso-list: l4 level1 lfo4; tab-stops: list .5in;">Ability to work independently and as part of a team in a fast-paced environment.</li>
</ul>
What We Offer
<ul style="margin-top: 0in;" type="disc">
<li class="xmsonormal" style="color: black; margin-bottom: 8.0pt; line-height: 105%; mso-list: l3 level1 lfo5; tab-stops: list .5in;">Competitive salary and performance-based bonuses.</li>
<li class="xmsonormal" style="color: black; margin-bottom: 8.0pt; line-height: 105%; mso-list: l3 level1 lfo5; tab-stops: list .5in;">Opportunities for professional growth and development.</li>
<li class="xmsonormal" style="color: black; margin-bottom: 8.0pt; line-height: 105%; mso-list: l3 level1 lfo5; tab-stops: list .5in;">A dynamic and collaborative work environment.</li>
</ul>

Proprietary Trader - Macro Rates (Dubai)

Reports to: Head of Fixed Income Trading
Position Overview
We are seeking an experienced and dynamic Fixed Income Trader to join our trading team in Buenos Aires. The ideal candidate will have a deep understanding of the Argentine fixed income market, with hands-on experience trading ARS local currency bonds, global bonds, and FX. This individual will play a critical role in executing and managing trades, developing trading strategies, and monitoring macroeconomic developments that impact local and global bond markets.
Key Responsibilities
<ul type="disc">
<li>Execution &amp; Trading
<ul type="circle">
<li>Execute trading strategies across a range of ARS-denominated sovereign bonds, global bonds, and associated FX positions.</li>
<li>Maintain real-time awareness of market flows, liquidity conditions, and pricing dynamics to ensure best execution.</li>
</ul>
</li>
</ul>
<ul type="disc">
<li>Strategy Development
<ul type="circle">
<li>Develop and implement short-term and medium-term trading strategies to capitalize on market dislocations and opportunities.</li>
<li>Provide market color and trade ideas to the broader investment team, leveraging local expertise and market relationships.</li>
</ul>
</li>
</ul>
<ul type="disc">
<li>Market Monitoring &amp; Analysis
<ul type="circle">
<li>Continuously monitor local macroeconomic indicators, monetary policy announcements, fiscal developments, and geopolitical events that impact the Argentine fixed income and FX markets.</li>
<li>Analyze credit risk, interest rate risk, and currency exposure to ensure alignment with overall portfolio objectives and risk appetite.</li>
</ul>
</li>
</ul>
<ul type="disc">
<li>Risk &amp; Liquidity Management
<ul type="circle">
<li>Actively manage liquidity, funding costs, and overall risk exposures within approved limits.</li>
<li>Coordinate with risk management and treasury teams to optimize balance sheet usage and funding strategies.</li>
<li>Maintain a disciplined approach to position sizing, stop-loss adherence, and risk-reward assessments.</li>
</ul>
</li>
</ul>
<ul type="disc">
<li>Relationship Management
<ul type="circle">
<li>Build and maintain strong relationships with local brokers, market makers, and counterparties to enhance market access and execution quality.</li>
<li>Represent the firm in local market discussions and contribute to building a strong franchise presence in the Argentine market.</li>
</ul>
</li>
</ul>
&nbsp;Qualifications &amp; Requirements
<ul type="disc">
<li>Minimum 3 years of hands-on trading experience in ARS local currency bonds, global bonds, and FX markets.</li>
<li>In-depth knowledge of Argentine macroeconomic and political landscape, central bank policy, and debt issuance dynamics.</li>
<li>Strong analytical skills, with the ability to quickly interpret complex market data and translate it into actionable strategies.</li>
<li>Demonstrated track record of risk management and P&amp;L generation in volatile market environments.</li>
<li>Excellent communication and interpersonal skills, with fluency in both Spanish and English preferred.</li>
<li>Bachelor&rsquo;s degree in Finance, Economics, or a related field; advanced degree or CFA designation is a plus</li>
</ul>

Fixed Income Proprietary Trader - ARS Local Currency & Global Bonds (Argentina)

Reports to: Head of Fixed Income Trading
Position Overview
We are seeking an experienced and dynamic Fixed Income Trader to join our trading team in S&atilde;o Paulo. The ideal candidate will have a deep understanding of the Brazilian fixed income market, with hands-on experience trading BRL local currency bonds, dollar-denominated global bonds, DI Futures and FX. This individual will play a critical role in executing and managing trades, developing trading strategies, and monitoring macroeconomic developments that impact local and global bond markets.
Key Responsibilities
<ul type="disc">
<li class="x_MsoNormal">Execution &amp; Trading&nbsp;
<ul type="circle">
<li class="x_MsoNormal">Execute trading strategies across a range of BRL-denominated sovereign bonds, dollar-denominated global bonds, and associated FX positions.</li>
<li class="x_MsoNormal">Maintain real-time awareness of market flows, liquidity conditions, and pricing dynamics to ensure best execution.</li>
</ul>
</li>
</ul>
<ul type="disc">
<li class="x_MsoNormal">Strategy Development
<ul type="circle">
<li class="x_MsoNormal">Develop and implement short-term and medium-term trading strategies to capitalize on market dislocations and opportunities.</li>
<li class="x_MsoNormal">Provide market color and trade ideas to the broader investment team, leveraging local expertise and market relationships.</li>
</ul>
</li>
</ul>
<ul type="disc">
<li class="x_MsoNormal">Market Monitoring &amp; Analysis
<ul type="circle">
<li class="x_MsoNormal">Continuously monitor local macroeconomic indicators, monetary policy announcements, fiscal developments, and geopolitical events that impact the Brazilian fixed income and FX markets.</li>
<li class="x_MsoNormal">Analyze credit risk, interest rate risk, and currency exposure to ensure alignment with overall portfolio objectives and risk appetite.</li>
</ul>
</li>
</ul>
<ul type="disc">
<li class="x_MsoNormal">Risk &amp; Liquidity Management
<ul type="circle">
<li class="x_MsoNormal">Actively manage liquidity, funding costs, and overall risk exposures within approved limits.</li>
<li class="x_MsoNormal">Coordinate with risk management and treasury teams to optimize balance sheet usage and funding strategies.</li>
<li class="x_MsoNormal">Maintain a disciplined approach to position sizing, stop-loss adherence, and risk-reward assessments.</li>
</ul>
</li>
</ul>
<ul type="disc">
<li class="x_MsoNormal">Relationship Management
<ul type="circle">
<li class="x_MsoNormal">Build and maintain strong relationships with local brokers, market makers, and counterparties to enhance market access and execution quality.</li>
<li class="x_MsoNormal">Represent the firm in local market discussions and contribute to building a strong franchise presence in the Brazilian market.</li>
</ul>
</li>
</ul>
Qualifications &amp; Requirements
<ul type="disc">
<li class="x_MsoNormal">Minimum 3 years of hands-on trading experience in BRL local currency bonds, dollar-denominated bonds, and FX markets.</li>
<li class="x_MsoNormal">In-depth knowledge of Brazilian macroeconomic and political landscape, central bank policy, and debt issuance dynamics.</li>
<li class="x_MsoNormal">Strong analytical skills, with the ability to quickly interpret complex market data and translate it into actionable strategies.</li>
<li class="x_MsoNormal">Demonstrated track record of risk management and P&amp;L generation in volatile market environments.</li>
<li class="x_MsoNormal">Excellent communication and interpersonal skills, with fluency in both Portuguese and English preferred.</li>
<li class="x_MsoNormal">Bachelor&rsquo;s degree in Finance, Economics, or a related field; advanced degree or CFA designation is a plus.</li>
</ul>
Why Join Us?
This is an exceptional opportunity to work at the forefront of Brazil&rsquo;s dynamic fixed income market. You will join a collaborative, entrepreneurial team with global reach and significant resources, offering you the platform to make a meaningful impact on trading performance and strategy.

Fixed Income Proprietary Trader - BRL Local Currency & Global Bonds (Brazil)

AP Capital is a diversified investment firm globally trading equities, commodities, FX, fixed income (Bonds, Credit &amp; Rates). We adopt market neutral strategies to minimize the impact of market turbulence and maximize investment potential. Furthermore, we aim to provide risk-adjusted returns while improving liquidity.
As a Futures Trader specializing in the precious / base metals sector, you will play a pivotal role in building the desk, trading book &amp; generating revenue.
You will lead and manage:
<ul data-start="562" data-end="1528">
<li>
<div role="presentation">Trading Strategies: Utilize your expertise in the base metals industry to create and implement commodity arbitrage trading strategies and execution. (China vs Global arb)</div>
</li>
<li>
<div role="presentation">Precious / Base Metals Futures Arbitrage: Take ownership of arbitrage trading for base metals futures and commodity futures, encompassing both offshore and onshore products.&nbsp;Products such as Gold, Silver, Copper, Aluminum, Zinc, Nickel, Lead, Tin etc.</div>
</li>
<li>
<div role="presentation">Holdings Analysis and Reporting:&nbsp;Organize and consolidate business segment holdings. Monitor brokerage bank funds and monthly positions, promptly communicating updates to the trading supervisor.</div>
</li>
<li>
<div role="presentation">Industry Research and Reporting:&nbsp;Collect, organize, and analyze industry data. Monitor industry trends, conduct thorough research within your designated sector, and prepare insightful research reports.</div>
</li>
<li>
<div role="presentation">Investment Opportunity Identification:&nbsp;Demonstrate a keen eye for recognizing valuable investment opportunities within the market.</div>
</li>
</ul>
Qualifications:
<ul data-start="1553" data-end="2439">
<li>
<div role="presentation">Relevant Experience:&nbsp;Possess a minimum of 3-5 years of hands-on experience within the futures or securities finance industry with Futures or commodities arbitrage and a solid PnL Trackrecord.</div>
</li>
<li>
<div role="presentation">Market Insight:&nbsp;Showcase your perceptive market insights, combined with exceptional organizational, planning and logical analysis skills. Effective communication, coordination, and execution abilities are essential.</div>
</li>
<li>
<div role="presentation">Initiative and Team Spirit:&nbsp;Demonstrate a strong sense of initiative, responsibility, and execution capability. Possess excellent communication and problem-solving skills, coupled with a collaborative team spirit.</div>
</li>
<li>
<div role="presentation">Adaptability:&nbsp;Thrive in diverse work environments and effectively manage work pressure.</div>
</li>
<li>
<div role="presentation">Educational Background:&nbsp;Hold a Bachelor's degree or higher in economics, finance, mathematics, statistics, engineering or related field.</div>
</li>
</ul>
If you are ready to contribute your expertise to a thriving trading environment, where your skills will be valued and your potential will be nurtured, AP Capital invites you to be part of our team. Join us in shaping the future of base metals trading.

Proprietary Futures Trader – Precious / Base Metals (Singapore, HK or China)

AP Capital is a diversified global investment firm trading across equities, commodities, FX, and fixed income (bonds, credit &amp; rates). We employ market-neutral strategies to reduce market volatility exposure and deliver consistent, risk-adjusted returns. Our aim is to enhance liquidity and long-term capital efficiency. We are expanding our Macro Rates team and are looking for a Proprietary Trader with deep expertise in Japan, Korea, and Australia interest rate markets. This role will drive our proprietary trading strategies in&nbsp;rates and bond futures&nbsp;across these key Asia-Pacific markets. Key Responsibilities:
<ul>
<li>Develop and execute proprietary trading strategies in Japan (JGBs), Korea (KTBs), and Australia (ACGBs) rates markets, including&nbsp;bond futures, interest rate swaps, and options.</li>
<li>Conduct detailed macroeconomic, interest rate, and cross-market analysis to identify trading opportunities in Asia-Pacific rates markets.</li>
<li>Manage a trading book with disciplined risk oversight, ensuring consistent P&amp;L generation and compliance with internal and regulatory guidelines.</li>
<li>Monitor market movements and dynamically adjust trading strategies in response to BOJ, BOK, and RBA policy decisions, as well as global macro trends.</li>
<li>Collaborate closely with research, risk, and other traders to refine trading approaches and enhance market insights.</li>
<li>Maintain deep knowledge of interest rate derivatives, bond futures, and associated liquidity and hedging dynamics in Japan, Korea, and Australia.</li>
</ul>
Qualifications:
<ul>
<li>Minimum 3 years of proprietary trading experience in Japan, Korea, or Australia interest rate markets, with strong focus on&nbsp;government bonds and bond futures.</li>
<li>Proven track record in rates and derivatives trading with consistent risk-adjusted returns.</li>
<li>Strong quantitative and analytical skills; degree in Finance, Economics, Mathematics, Engineering, or related field. Advanced degrees or certifications (CFA, FRM) are a plus.</li>
<li>Proficiency with trading platforms and financial software.</li>
<li>Strategic thinker with ability to interpret complex macroeconomic and market data.</li>
<li>Strong collaboration skills and ability to thrive in a fast-paced environment.</li>
<li>Business-level English required; Japanese or Korean proficiency highly desirable.</li>
</ul>
What We Offer:
<ul>
<li>Competitive salary with performance-based bonuses.</li>
<li>Access to a dedicated macro trading platform with strong support infrastructure.</li>
<li>Career growth opportunities within a focused, high-performance, and collaborative team.</li>
</ul>

Fixed Income Proprietary Trader – APAC (Japan, Korea, Australia) Rates & Bond Futures

AP Capital is a diversified global investment firm trading across equities, commodities, FX, and fixed income (bonds, credit &amp; rates). We employ market-neutral strategies to reduce volatility and deliver consistent, risk-adjusted returns while expanding into frontier markets.
We are seeking an experienced Proprietary Trader focused on frontier market local currency bonds and rates, specifically in&nbsp;Africa and CIS&nbsp;(Commonwealth of Independent States)&nbsp;regions&nbsp;. This is a unique opportunity to build and run a dedicated book in these high-potential, specialized markets.
Key Responsibilities
<ul data-start="1012" data-end="1710">
<li>Develop and implement proprietary trading strategies in&nbsp;local currency sovereign bonds and rates products&nbsp;across Africa and CIS Frontier Markets.</li>
<li>Conduct in-depth macroeconomic, credit, and political risk analysis to identify trading opportunities.</li>
<li>Execute trades efficiently while managing portfolio risk, with a sharp focus on&nbsp;sovereign credit risk, FX convertibility, and political event risk.</li>
<li>Monitor and optimize portfolio performance, ensuring adherence to firm-wide risk protocols.</li>
<li>Collaborate with analysts and other traders to share insights and refine strategies.</li>
<li>Stay updated on local market regulations, macroeconomic developments, and sovereign risk in frontier markets.</li>
<li>Prepare regular reports on trading performance, market conditions, and strategy adjustments.</li>
</ul>
Qualifications
<ul data-start="1733" data-end="2245">
<li>Bachelor&rsquo;s degree in Finance, Economics, Mathematics, or related field; advanced degrees or CFA/FRM a plus.</li>
<li>Proven experience trading&nbsp;frontier or emerging market local currency bonds/rates, specifically in Africa and CIS.</li>
<li>Strong understanding of local market structures, liquidity, settlement conventions, and FX management.</li>
<li>Excellent risk management, analytical, and decision-making skills.</li>
<li>Proficiency in trading platforms and financial software.</li>
<li>Strong communication and teamwork skills.</li>
</ul>
What We Offer
<ul data-start="2267" data-end="2456">
<li>Competitive compensation and performance-based bonuses.</li>
<li>Opportunity to expand and shape a frontier markets trading desk.</li>
<li>Dynamic, entrepreneurial, and collaborative environment.</li>
</ul>