Job description
Positioning
Focus on the research and development, backtesting, real trading implementation, and risk control iteration of CEX spot and perpetual contract market making strategies. Responsible for building and optimizing exchange order book liquidity, balancing market making profits, slippage control, and position risk, outputting a stable and implementable market making strategy system to support platform liquidity construction and proprietary trading profits.
Responsibilities
1. Independently develop CEX spot and perpetual contract market making strategies, covering core logic such as dynamic spread quoting, intelligent order placement and cancellation, order book adaptation, and inventory hedging, adapting to the 24-hour high volatility, spikes, and fee fluctuation in the crypto market.
2. Build a backtesting system suitable for market making scenarios, complete factor validation, parameter optimization, and overfitting checks, outputting compliant and controllable, robust profit strategies.
3. Responsible for strategy deployment, monitoring, and adjustment throughout the entire cycle, dynamically optimizing quoting logic based on market conditions, improving market making transaction efficiency and profits, and strictly controlling drawdowns and unilateral position exposure.
4. Establish a dedicated risk control and capital management system for market making, standardizing inventory hedging, stop-loss circuit breakers, and position limit mechanisms to avoid trading risks brought by extreme market conditions, spikes, and fee fluctuations.
5. Review real trading data, complete performance attribution, identify strategy failure scenarios, continuously optimize order book depth, slippage, and fee adaptation logic, enhancing strategy stability and capacity.
6. Keep up with mainstream market making strategies in the industry, iteratively optimize strategy models, and cooperate with the platform to complete liquidity optimization and trading ecosystem upgrade-related work.
Requirements
1. 3 years or more of quantitative real trading experience in digital currency CEX market making, with a verifiable stable profit market making strategy performance curve; experience in exchanges or leading quantitative institutions is preferred.
2. Proficient in CEX trading mechanisms, order book structure, funding rates, fee rebates, and slippage logic; familiar with the risk characteristics of extreme market conditions in the crypto space, possessing mature market making risk control thinking.
3. Proficient in using Python for quantitative modeling, data backtesting, and time series analysis, capable of independently completing the entire process of market making strategy from research and development, validation to real trading implementation.
4. Solid mathematical statistics and probability modeling skills, skilled in inventory management, spread arbitrage, and neutral hedging, avoiding heavy unilateral betting.
5. Clear logic, data sensitivity, capable of independent review and iteration, strong execution ability, and able to quickly adapt to market condition iteration strategies.
Bonus Points
1. Experience in high-frequency/mid-frequency market making, multi-currency portfolio market making, and cross-cycle hedging;
2. Familiar with machine learning factors and low-latency trading optimization;
3. Experience in strategy system building and team mentoring.