Quantitative Developer (Affiliated Trading)

Posted 16 Days Ago
Be an Early Applicant
2 Locations
Remote
Mid level
Fintech • Payments • Financial Services
The Role
As a Quantitative Developer at Kalshi, you will design and maintain autonomous systems for market-making strategies. Responsibilities include building liquidity allocation systems, ensuring system performance and reliability, managing data from various sources, and collaborating with research teams on forecasting algorithms. You will play a vital role in shaping the company's trading activities as it scales.
Summary Generated by Built In

What we're up to

Kalshi is the first and only federally regulated exchange where people can trade on any event. Think like the NYSE, but instead of trading stocks, you trade on the events you know and care about. Kalshi has more than 500 markets across politics, economics, financials, weather, tech, AI, culture and more.

After three years of regulatory struggle, Kalshi's historic regulatory approval from the CFTC has allowed it to launch a new asset class: event contracts. Event contracts, the fastest-growing asset class today, are elegant financial instruments structured as simple yes/no questions about the future. 

Kalshi's vision is to build the next-generation financial ecosystem for trading what we believe will be the largest asset class of all. Kalshi's vision is bold. We're on a long journey in uncharted territories. We are looking for passionate and outlier members excited to embark on this voyage toward building the financial system's next inflection point.

Role Roadmap

Kalshi Trading is the market-making arm of Kalshi. It aims to provide liquidity to all the markets in the Kalshi Exchange, as well as price them efficiently. As an Engineer, you will be responsible for planning, building and maintaining autonomous systems that execute and support our market making strategies on the Kalshi Exchange. We are looking for someone with 3-7 years of experience building distributed and performance engineering systems as well as a strong understanding of theoretical trading system design. We're scaling, which means your role will evolve and grow with the company; your initial attack threads include:

  • Building autonomous systems that will dynamically allocate liquidity on the Kalshi Exchange, based on the outputs from the forecasting models and algorithms
  • Working on performance and ensuring the systems are operating reliably and with low latency
  • Retrieving, organizing, storing and exposing data from the Kalshi Exchange as well as from a variety of external data sources
  • Working with the research team to implement the forecasting models and algorithms they develop in scalable and efficient ways
  • Maintaining an organized record of all of the trades executed by the market maker

The rest of what the role looks like is up to you - a big part of our approach is that you get to chart your path as we grow and evolve. You will have a lot of influence in shaping what borth your role and the activity of Kalshi Trading look like as we grow. There's a lot of green field to conquer, we trust that you'll make a lot of it your own :)

 

Our Culture

We are a group of people who work hard and get stuff done. Meritocracy is at our core, and we value people who take ownership and figure (usually hard) things out. We dream big and climb the steeper mountain. We love our craft deeply and are proud of what we put out in the world. We are committed to our vision of an improved financial ecosystem and our mission of bringing more truth to the world through the power of markets.

Kalshians are, by far, Kalshi's largest asset: we pick our teammates carefully, but once we pick our teammates, we trust them deeply.

Commitment to Equal Opportunity

Kalshi is committed to creating a culture of inclusion and belonging, and we are proud to be an equal opportunity employer. We believe it is our collective responsibility to uphold these values and encourage candidates from all backgrounds to join us in our mission. All qualified applicants will be treated with respect and receive equal consideration for employment without regard to race, color, creed, religion, sex, gender identity, sexual orientation, national origin, disability, uniform service, veteran status, age, or any other protected characteristic per federal, state, or local law. If you are passionate about what you do and want to use your talents to support our mission and values, we’d love to hear from you.

The Company
HQ: San Francisco, California
49 Employees
On-site Workplace
Year Founded: 2019

What We Do

The first US federally regulated exchange where you can trade on the outcome of any event.

Kalshi’s historical regulatory approval from the CFTC enables it to offer a new asset class called “event contracts,” which allow traders to take positions on whether a future event will happen or not. Kalshi aims to enable investors to trade on almost anything with economic relevance from Covid numbers to whether a bill will pass in Congress, broadening the historical definition of what a commodity derivative is and paving the way for the futures market to catch up to the novel risks facing the economy today.

Kalshi is backed by Sequoia, Henry Kravis, Charles Schwab, and Y Combinator

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