Trader - Market Making Specialist

Ndax; Calgary; Remote; CAD 120,000 - 190,000; Full time

Benefits offered by this job

Competitive pay

Healthcare coverage

Life Insurance

Paid time off

Stock options or equity opportunities

Training & development

Job summary

NDAX, Canada's leading cryptocurrency trading platform, seeks a Trader – Market Making Specialist in Calgary. You will design market-making strategies, monitor conditions, and optimize execution to provide liquidity and growth across multiple trading pairs.

The role requires strong quantitative skills, crypto market knowledge, and experience with algorithmic trading. You will collaborate across teams to improve trading infrastructure and manage risk in a fast-paced environment.

Qualifications

• Bachelor’s degree in Finance, Economics, Mathematics, or related field.
• 3+ years of market making or proprietary trading experience in financial services.
• In-depth knowledge of cryptocurrency markets, trading strategies and microstructure.
• Strong analytical and quantitative modeling skills.
• Proficiency in programming languages such as Python or R is a plus.

Responsibilities

• Develop and implement market-making strategies to provide liquidity across trading pairs.
• Monitor market conditions, volumes, and competitors to anticipate market movements.
• Utilize algorithmic trading strategies to optimize pricing, execution, and positioning.
• Manage risk exposure through quantitative analysis and hedging strategies.
• Collaborate with tech teams to enhance trading infrastructure and tools.
• Provide insights and reports on trading performance and improvements.
• Stay updated on industry trends and regulatory changes that affect trading.
• Share knowledge and train the trading team.

Skills

Market making

Proprietary trading

Crypto markets

Quantitative analysis

Python or R

Trading platforms

Risk management

Cross-functional collaboration

Fast-paced environment

Education

Bachelor’s degree in Finance, Economics, Mathematics, or related field

Job description

As one of Canada’s largest and fastest growing cryptocurrency trading platforms, NDAX has set the bar high for the country’s fintech industry and is constantly leading the way in terms of security and innovation. We’re on a mission to empower more Canadians to unlock the full potential of digital finance. To address the various needs in the Canadian cryptocurrency space, NDAX has assembled a multidisciplinary team with diverse backgrounds, including finance, technology, engineering, compliance, marketing, and more.

We're proud to have been recognized as one of Canada’s Best Workplaces by Great Place to Work®.

We are looking for a highly skilled and motivated Trader – Market Making Specialist to join our trading team. In this role, you will be responsible for ensuring liquidity in the market by actively managing the complexities of trading strategies and execution. You will collaborate with various teams to optimize market-making strategies, manage risk exposure, and enhance the overall trading performance.

Key Responsibilities:

• Develop and implement market-making strategies to provide liquidity across various trading pairs.
• Monitor and analyze market conditions, trading volumes, and competitor activities to anticipate market movements.
• Utilize algorithmic trading strategies to optimize pricing, execution, and market positioning.
• Manage risk exposure through quantitative analysis and effective hedging strategies.
• Collaborate with technology teams to enhance trading infrastructure and implement new tools for operational efficiency.
• Provide insights and reports on trading performance, identifying areas for improvement and opportunities.
• Stay up-to-date with industry trends, news, and regulatory changes that may affect trading activities.
• Contribute to team knowledge-sharing and training initiatives to build overall trading proficiency.

Requirements

• Bachelor’s degree in Finance, Economics, Mathematics, or a related field.
• 3+ years of experience in market making, proprietary trading, or a similar role within financial services.
• In-depth knowledge of cryptocurrency markets, trading strategies, and market microstructure.
• Strong analytical skills with proficiency in quantitative analysis and financial modeling.
• Familiarity with trading platforms, algorithmic trading, and risk management tools.
• Excellent communication and interpersonal skills to work effectively within cross-functional teams.
• Ability to thrive in a fast-paced, dynamic environment, managing multiple priorities under pressure.
• Proficiency in programming languages such as Python or R is a plus.

Benefits

• Competitive Compensation (Base salary plus performance-based bonuses)
• Extended Healthcare Plan (Medical, Disability, Dental & Vision)
• Life Insurance
• Paid Time Off
• Potential Equity or Stock Option Plan
• Training & Development Opportunities
• Bonus – Awards – Gifts
• Collaborative, fast-paced culture with a passionate team dedicated to shaping the future of crypto trading
• Modern offices with cutting-edge technology (or remote options for qualified candidates)
• Free access to gym (For Calgary based employees only)