Research Analyst (Indian Equities)

IMC

We're seeking a Corporate Development Manager to help build and scale IMC's external engagement function in India. In this role, you will be responsible for managing relationships with exchanges, regulators, brokers, and industry associations, while providing market intelligence that supports IMC's growth in one of the world's largest and fastest-evolving capital markets. The Corporate Development team plays a key role in supporting IMC's expansion in India, covering all aspects of external engagement, market intelligence, regulatory monitoring, and project management. As part of a small, high-impact team in Mumbai, you will work closely with IMC's India leadership and trading desks to ensure IMC is well-positioned in the Indian market. The working environment is collaborative, non-hierarchical, and fast-paced. You will manage a wide range of stakeholders both internally and externally, and your initiative, judgment, and ability to build trusted relationships will directly contribute to IMC's success in India.   Your Core Responsibilities: * Foster and maintain excellent relationships with exchanges, regulators, brokers, custodians, industry associations, and other market participants through regular meetings and proactive engagement * Proactively gather market intelligence relating to regulatory developments, market participants activity, and market structure changes * Assess implications for IMC of SEBI circulars, exchange notifications, and RBI announcements and coordinate with stakeholders accordingly * Support the preparation and submission of responses to SEBI consultation papers, ensuring alignment with IMC's global advocacy positions * Manage the execution of business development and regulatory initiatives, including new market access, exchange product onboarding, and compliance workstreams. Keep key internal stakeholders informed on priorities and status * Attend relevant industry conferences and events (FIA, ASIFMA, ANMI, BBF) to build IMC's network and identify engagement opportunities * Invest in relationships proactively. Be a good partner to counterparts and build IMC's reputation as a constructive, long-term market participant   Your Skills and Experience:  * 8+ years of experience in Indian financial markets, specifically in one or more of the following: business development at an exchange (NSE, BSE, MCX), institutional/FPI brokerage (exchange relations or operations), or financial markets regulatory consulting * Direct working experience with NSE and/or BSE in a professional capacity (as an exchange employee or broker exchange relations manager) * Strong working knowledge of proprietary trading firms and HFT/market-making firms: must already know the relevant issues, have the judgment to assess what is and is not relevant to HFTs, and understand the role of liquidity providers in the market ecosystem * Strong understanding of the Indian capital markets regulatory framework: SEBI Act, Stock Broker Regulations, FPI regulations, margin/clearing requirements, and the SEBI algo trading framework * Working knowledge of how SEBI decision-making works: the hierarchy from government to SEBI to exchanges, the role of Advisory Committees and Working Groups, and the consultation paper process * Demonstrated track record of managing external relationships with financial market infrastructure (exchanges or regulators) in India * Strong written and verbal communication: professional, well-organized, and with attention to detail * Demonstrated initiative and strategic thinking: proactive, knows what they don't know, and has the energy to figure things out. Strong problem-solving ability. Not someone who waits for direction * Is able to establish strong rapport and represent IMC credibly in meetings with exchange officials, broker relationship managers, and industry association representatives. Strong personal values   Preferred Qualifications * Prior employment at NSE (business development, member services, or regulatory departments) or at a large institutional broker's exchange relations team * Exposure to the HFT/algorithmic trading segment of the Indian market: understanding of colocation, algo registration, surveillance processes, and how exchanges interact with proprietary trading firms * Familiarity with Indian industry associations: ANMI, BBF, CPAI, FIA, ASIFMA. Prior attendance at or participation in SEBI working groups or consultation processes is highly valued * Exposure to commodity markets (MCX) in addition to equity markets * Existing professional network with FPI brokers, exchange technology teams, or regulatory officials About Us IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989, we’ve been a stabilizing force in financial markets, providing essential liquidity upon which market participants depend. Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high-performance culture, and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies, and from developing an innovative research environment to diversifying our trading strategies, we dare to continuously innovate and collaborate to succeed.

IMC

We're looking for a motivated individual to join our APAC Middle Office team as a Trading Operations Analyst, supporting our systematic equities and ETF desks across APAC markets. This is a fast-paced, high-ownership role where you'll play a critical part in ensuring our traders can operate safely and efficiently throughout the trading day. Your Core Responsibilities:  * Tracking and managing the full lifecycle of corporate actions (stock splits, bonus shares, changed tickers, acquisitions, spinoffs, bankruptcies, divests, fund mergers) and the associated position changes * Providing traders with a clear view of tradeable positions and outstanding issues before safe market entry * Working with prime brokers and clearers to correct reports, co-ordinating across multiple counterparties simultaneously * Reconciling P&L and cash breaks, including swap-related and corporate action-driven breaks * Contributing to ETF P&L analysis and refinement, including multi-currency complexity * Participating in the design and build of internal tooling to improve visibility of issues Your Skills and Experience:  * 2-4 years’ experience in a Middle Office, Trade Support or Product Control role * Tertiary education in Finance, Economics, Commerce, or a related field * Strong attention to detail and comfort working under time pressure * Ability to manage multiple tasks simultaneously across different markets * A collaborative team player who communicates clearly and proactively * Experience with Python, SQL, VBA and Claude Code is preferred but not essential About Us IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989, we’ve been a stabilizing force in financial markets, providing essential liquidity upon which market participants depend. Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high-performance culture, and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies, and from developing an innovative research environment to diversifying our trading strategies, we dare to continuously innovate and collaborate to succeed.

IMC

IMC is hiring a Quantitative Trader to focus on monetization research and back testing for high- to mid-frequency delta-one equity strategies. This role emphasizes research depth, systematic evaluation, and capital efficiency, partnering closely with quant researchers and engineers to turn signals into scalable, profitable trading strategies. Based in Sydney, this role is ideal for candidates who excel at research-driven trading problems, large-scale data analysis, and rigorous performance validation. For exceptional candidates from top global trading firms, Hong Kong location may be considered. Core Responsibilities * Research and evaluate new trading signals and strategy ideas with a focus on monetization potential * Design and run large-scale back tests to assess PnL, risk, capacity, and robustness * Analyse transaction costs, market impact, and execution assumptions within back testing frameworks * Optimize portfolio construction, capital allocation, and risk controls across strategies * Work with engineers to improve back testing infrastructure, data quality, and research tooling * Partner with live traders to ensure research assumptions align with real-world execution behaviour * Drive strategies from research validation through production readiness Skills & Experience * Degree in a quantitative field (Mathematics, Physics, Computer Science, Engineering, Economics, or similar) * 3+ years of experience in quantitative trading or monetization research, preferably in equities * Strong experience with back testing frameworks, large datasets, and systematic performance evaluation * Deep understanding of market microstructure, transaction costs, and scalability constraints * Strong programming skills (Python/C++ strongly preferred); ability to write clean, research-grade code * Rigorous, detail-oriented mindset with strong statistical intuition * Experience at leading systematic or proprietary trading firms is a strong plus About Us IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989, we’ve been a stabilizing force in financial markets, providing essential liquidity upon which market participants depend. Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high-performance culture, and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies, and from developing an innovative research environment to diversifying our trading strategies, we dare to continuously innovate and collaborate to succeed.