Market Making Trader

Nonco Greater London, England, United Kingdom

Market Making Trader

Nonco is a pioneer institutional digital asset trading firm with a unique non-custodial approach, integrating counter party risk management and settlement capabilities. Our firm aims to build the 21st-century crypto brokerage, seamlessly merging human interaction, service, and scalable technology to offer the ultimate trading experience.

Key Responsibilities:

• Strategy Development & Execution: Research and implement market-making strategies on both centralized (CEX) and decentralized (DeFi) exchanges, focusing on optimizing liquidity provision and price discovery.
• Risk Management: Monitor and mitigate execution, market, and counterparty risks associated with trading strategies, ensuring robust risk controls to navigate adverse market conditions and volatility.
• Market Structure & Execution Optimization: Analyze order book dynamics, market microstructure, and transaction costs to enhance execution efficiency, reduce slippage, and improve profitability.
• Real-time Trading Operations: Monitor trading systems in real-time and adjust trading parameters to maximize profitability while ensuring compliance with risk limits.
• Historical Data Analysis & Performance Optimization: Utilize backtesting and data-driven insights to refine trading models and optimize trade execution across different market conditions.
• DeFi & Smart Contract Interaction: Engage with automated market makers (AMMs) and order flow dynamics, ensuring effective execution across on-chain and hybrid liquidity venues.
• Stakeholder Reporting & Collaboration: Provide reports and insights to internal teams and external stakeholders (projects, exchanges), detailing strategy performance, market trends, and trading efficiency.

Requirements:

• Education: Degree with significant quantitative elements, such as mathematics, computer science, engineering, or a related field.
• Cryptocurrency & DeFi Expertise: Strong knowledge of digital asset markets, with a proven track record in high-frequency trading, arbitrage, or market-making strategies in both CEX and DeFi environments.
• Quantitative & Analytical Excellence: Strong mathematical and statistical modeling skills, with a deep understanding of market dynamics.
• Risk Management Proficiency: Ability to assess the merits of trading strategies, manage execution risks, and optimize portfolio hedging techniques.
• Strategic Thinking & Problem-Solving: Capable of identifying, evaluating, and realizing new market opportunities, trade execution improvements, and revenue streams.
• Operational Agility: Ability to multitask and thrive under pressure in a fast-paced, high-stakes trading environment.
• Collaboration & Stakeholder Communication: Strong ability to communicate insights, collaborate with quant teams, and present reports to exchanges, counterparties, and internal management.

Experience:

• 5+ years of experience in a well-established HFT/market-making/algo trading/quantitative firm, operating proprietary electronic market-making software.
• 5+ years of experience managing PnL associated with a product or portfolio, demonstrating strong risk management skills.

Technical Skills:

• Proficiency in Java (frameworkless development).
• Strong understanding of PostgreSQL and Clickhouse , capable of developing and optimizing data models and schemas for complex queries and analytics.
• Knowledge of smart contracts (Solidity, Rust) and DeFi protocols is a plus.

Seniority Level

Mid-Senior level

Employment Type

Full-time

Job Function

Finance and Sales

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