Job Description
The role involves comprehensive execution and operation of contract trading, ensuring smooth processes from launch to delisting while maintaining liquidity, execution quality, and operational safety. Responsibilities include managing new coin listings/delistings, formulating and executing market-making strategies based on market conditions, monitoring order books and exposures, overseeing core parameters like index prices and funding rates, and responding to extreme market conditions. Additionally, the position requires participation in backend testing, data analysis for optimization, and continuous improvement of trading strategies.
Key Responsibilities
- Execute and maintain the full lifecycle of contract trading, ensuring liquidity, execution quality, and operational stability.
- Manage new coin listings/delistings, coordinating configuration changes, risk controls, announcements, and post-launch reviews.
- Develop and implement market-making strategies (spreads, depth, order placement, inventory/exposure targets) to enhance trading experience.
- Monitor order books 24/7 for depth, spreads, slippage, execution patterns, and abnormal fluctuations.
- Oversee critical parameters (index prices, mark prices, funding rates, ADL) and handle discrepancies.
- Respond swiftly to extreme market conditions, parameter changes, liquidity gaps, and system alerts.
- Test and optimize market-making backend tools, providing feedback to improve observability and efficiency.
- Conduct periodic data reviews (depth, spreads, fill rates, liquidations, funding performance) to refine strategies.
Job Requirements
- 2+ years of experience in exchanges, brokerages, quant trading, or market-making, with expertise in perpetual/futures contracts.
- Proficiency in liquidity metrics (spreads, depth, slippage, impact cost, fill rates) and order book dynamics.
- Deep understanding of contract mechanisms (index/mark prices, funding rates, liquidation, ADL, matching logic).
- Strong execution under pressure, with ability to coordinate risk mitigation during high volatility.
- Analytical skills using Excel/SQL/BI/Python for reporting and strategy optimization.
- Accountability and willingness for shift-based (A/B rotation) 24/7 coverage.
Preferred Qualifications
- Experience managing external market makers/liquidity providers, assessing performance against benchmarks.
- Familiarity with trading systems (matching, risk control, pricing feeds, settlement) and troubleshooting with tech teams.
- Background in building monitoring frameworks, alert thresholds, SOPs, and post-mortem processes.
Benefits
Remote work flexibility with A/B shift rotations to ensure 24/7 market coverage and emergency response (specific schedules follow team policies).
