Trading Analyst (Crypto)

The Firm

XTX Markets is a leading algorithmic trading firm which uses state-of-the-art machine learning technology to produce price forecasts for over 50,000 financial instruments across equities, fixed income, currencies, commodities and crypto. It uses those forecasts to trade on exchanges and alternative trading venues, and to offer differentiated liquidity directly to clients worldwide. The firm trades over $250bn a day across 35 countries and has over 250 employees based in London, Singapore, New York, Paris, Bristol, Mumbai and Yerevan.

We leverage the talent of the people who work here, modern computational techniques and state-of-the-art research infrastructure to analyse large data sets across markets quickly and efficiently, to maximize the effectiveness of our proprietary trading algorithms. We are actively seeking new methods and ideas. The models that drive our trading strategies have evolved considerably over the last 10 years, from econometric methods that gave our company its name, to trees, to neural networks, to modern deep learning architectures.

XTX Markets has an unrivalled level of computational resources in the trading industry, with a growing research cluster currently containing over 25,000 GPUs with 650 petabytes of usable storage. Teams across the firm include world-class researchers with backgrounds in pure math, programming, physics, computer science and machine learning. The firm is also constructing a large-scale data centre in Finland to future-proof its significant computational capabilities.

At XTX Markets technology is our business and we are a diverse organization which attracts outstanding talent from across all industry backgrounds. We are focused on teamwork and our people collaborate on all aspects of the business, working openly and with respect for each other, our clients and the market. Our culture is non-hierarchical and one where everyone is valued. We strive for excellence in everything we do.

The Role 

The “Trading Desk” oversees real-time trading across all strategies, liaising with risk managers, senior management, researchers, software developers, systems engineers, external counterparties, and clients in order to keep the business running 24/7. They closely monitor real world events and their impact on markets and if necessary, undertake the appropriate action to ensure the best outcome for XTX, our clients, and counterparties.

This is a global team, which has a presence in London, Singapore, New York, and Paris. We are hiring for this role in Singapore, and you will work closely with a London weekend Crypto Trading Analyst as well as the local Crypto Trading Analyst in Singapore.
We are seeking a candidate to join the team to work on Saturday, Sunday, and then two further weekdays each week. We envisage that you will work from home on Saturday and Sunday and from the office on the two other days. You will work from 7am to 7pm on Saturday and Sunday, and 8am-6pm on the weekdays. Your compensation will reflect a 5-day working pattern.

Responsibilities

• Supervise trading strategies and provide first level support to ensure smooth running of the business, mostly focused on Crypto but with exposure to other asset classes as required.
• Risk management of the global portfolio across multiple asset classes throughout the day.
• Use trading metrics and data analysis methods in the decision-making process to improve existing strategies.
• Conduct preliminary research into new strategy ideas.
• Collaborate with quant research team to provide real-time feedback on model optimization.
• Assist with project work relating to expansion into new markets.
• Team up with developers to improve automated tools for monitoring trading and alerting of internal and external anomalies.
• Liaise with brokers/exchanges, trading operations and back office on trade/position reconciliation issues, risk limits and margin requirements.
  

Essential Attributes

• You will have at least 1 years experience relevant working experience at a Crypto firm or on a Crypto desk a comparable quant-driven firm.
• Knowledge of, and interest in, crypto trading and related industries.
• Proficiency in Python (we use Pandas regularly).
• Excellent quantitative and analytical skills.

Desirable Attributes

• Graduate from a top university in a quantitative discipline such as Mathematics, Statistics, Computer Science.
• Excellent written and verbal communication skills.
• You operate with integrity and to a high ethical standard.
• You are highly motivated; current, and former colleagues consider you exceptionally hard working and conscientious.
• Innovative. You continually think about how improvements in technology and processes can achieve better results. You are conscious of the long-term cost of short-term decisions but demonstrate good judgment on when to be pragmatic.
• Team player. You enjoy working in a dynamic team and are comfortable with being challenged to improve your work.
• Disciplined self-starter with a high degree of motivation and rigour.

Interview Process

• Your resume will be assessed by the hiring manager.
• If successful, you will be required to complete a home assignment related to the role which tests your knowledge of trading and Python.
• Should you be successful you will meet other members of the London and Singapore trading analyst team, members of our quant research team, as well as senior business leadership in both Singapore and London. Interviews will be initially via Teams, with the final round onsite in our Singapore office.
• During the process you should expect to be tested on mathematics, problem solving, statistics, trading knowledge and other skills relevant to the role.

PLEASE NOTE THAT EMPLOYEES OF XTX MAY NOT ENGAGE IN DAY-TRADING INCLUDING, BUT NOT LIMITED TO CRYPTO. YOU MAY BUY AND HOLD CRYPTO (AND OTHER ASSETS) BUT YOU MUST HOLD EACH ASSET FOR AT LEAST 30 DAYS AFTER PURCHASE, REGARDLESS OF PRICE FLUCTUATION.