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About the role
ROLE SUMMARY: We are seeking a Quantitative Associate to join our Market Operations team at our crypto exchange. This role is critical to maintaining efficient, competitive, and well-priced markets across spot and derivatives trading platforms. You will be responsible for market quality monitoring, derivatives pricing oversight, quantitative analysis of order books, and development of data-driven insights to improve spreads, depth, and pricing integrity. This is a hands-on quantitative role working closely with trading, market making, product, and engineering teams in a fast-paced, 24/7 market environment. KEY RESPONSIBILITIES MARKET QUALITY MANAGEMENT - Own and optimize spread and depth metrics across spot and futures order books - Monitor real-time order book dynamics to maintain target spread and liquidity levels across market conditions - Analyze historical spread and depth patterns to identify improvement opportunities - Develop systematic, data-driven approaches to enhance market quality DERIVATIVES PRICING OVERSIGHT - Monitor and manage price deviations between derivatives contracts and corresponding mark prices - Track and analyze price differentials between internal derivatives products and global benchmarks (Binance, OKX, Bybit, Deribit, CME) - Investigate pricing anomalies and coordinate with trading, market making, and engineering teams to resolve issues - Minimize basis risk and ensure pricing integrity across derivatives books RISK MONITORING & QUANTITATIVE ANALYSIS - Build and maintain dashboards and alerting systems for market quality and pricing metrics - Conduct post-trade analysis to evaluate market making effectiveness Perform statistical analysis on: - Order book dynamics - Pricing deviations - Market microstructure behavior - Support data-driven decision-making through quantitative insights CROSS-FUNCTIONAL COLLABORATION - Work closely with Trading, Product, and Engineering teams to understand market making strategies Partner with Engineering to implement: - Monitoring tools - Automated alerts - Systematic pricing improvements - Communicate findings and recommendations clearly to senior stakeholders YOULL EXCEL IF YOU HAVE: Bachelors or Masters degree in Mathematics, Statistics, Physics, Computer Science, Finance, Economics, or related quantitative field. 1-3 years of experience in: - Quantitative trading - Market making - Market surveillance (crypto or traditional derivatives preferred) Strong understanding of: - Market microstructure - Order book dynamics - Derivatives pricing principles Technical proficiency in: - Python (pandas, numpy, scipy) - SQL - Large time-series datasets - Statistics and probability applied to financial markets PREFERRED QUALIFICATIONS - Prior experience at a crypto exchange, trading firm, or HFT environment Familiarity with: - Perpetual futures - Dated futures - Options Experience with: - Real-time data processing and monitoring systems - Market making algorithms - Liquidity provision strategies - Funding rates - Index pricing - Mark price methodologies in crypto derivatives - Experience with Tableau, Grafana, or similar visualization tools TECHNICAL SKILLS Programming: - Python - SQL - APIs - Real-time data streams Tools: - Jupyter notebooks - Git - Linux / command line Mathematics: - Statistics - Probability - Time-series analysis - Optimization Financial Knowledge: - Derivatives pricing - Market microstructure - Risk metrics Additional: - Python / Rust coding capabilities WHAT WERE LOOKING FOR: - Analytical rigor: Ability to extract actionable insights from complex datasets - Attention to detail: High vigilance on pricing accuracy and market quality metrics - Problem-solving mindset: Proactive, systematic approach to issue resolution - Communication skills: Ability to explain technical concepts to diverse audiences - Adaptability: Comfort operating in fast-moving, 24/7 market environments - Collaboration: Strong team orientation across trading, quant, and engineering functions YOULL KNOW YOURE WINNING WHEN - Arbitrage strategies are developed and deployed based on funding and pricing inefficiencies in derivatives books - Market quality metrics (spreads, depth, pricing deviations) show consistent improvement - Pricing anomalies are detected early and resolved quickly - Quantitative insights directly influence trading and market making decisions HIRING PROCESS: 1. Application Review 2. Recruiter Connect 3. Functional Round(s) 4. Assignment / Simulation Round 5. Culture & Values Discussion 6. Founder Conversation (Optional) WHERE WE WORK: We operate as a ROLE SUMM
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