Founding Principal Hardware Engineer

PAX Markets, Inc.; Redwood City (CA); On-site; USD 130,000 - 170,000; Full time

Job summary

PAX Markets, Inc. is seeking a founding principal hardware engineer to lead the design and in-production implementation of a co-located trading facility on a silicon device. The role involves pioneering development using AWS F2 FPGA instances transitioning to ASIC technology.

The ideal candidate will have strong experience in high-frequency trading (HFT) and should possess skills in SystemVerilog, FPGA or ASIC design, and programming in Rust/C++. If you're passionate about trading and markets, we encourage you to apply.

Qualifications

• Experience in high-frequency trading (HFT) or at an exchange.

Responsibilities

• Lead the design and implementation of a trading facility on a silicon device.
• Develop PAX core technology and set future design directions.

Skills

SystemVerilog

FPGA or ASIC design experience

Rust and/or C++

HFT

Protobuf

Curiosity and ability to learn

Passion for trading and markets

Job description

What You’ll Do

As the founding principal hardware engineer, you will lead the design and in‑production implementation of an exchange and co‑located trading facility on a single silicon device. You will also lead the development of PAX core technology and set future design directions.

PAX Ultra‑Low‑Latency In‑Silicon Matching Engine

PAX is building the world's first exchange and co‑located trading facility on a chip. Production will run on AWS F2 FPGA instances and will later transition to an ASIC that combines network aggregation with exchange functionality.

Exchange Integrated High‑Frequency Trading Logic

The PAX λ API gives traders on‑chip, exchange‑integrated HFT decision logic. Using the λ API, traders can make markets or take arbitrage opportunities, responding to market events instantly as they are registered in the matching engine.

Deep Dives On PAX Market Structure & Technology

• On‑exchange trading incentives with inherent price competition.
• PAX rebates & fees.
• PAX λ API.

Relevant Background

Candidates with experience in high‑frequency trading (HFT) or at an exchange are encouraged to apply.

Skills

• SystemVerilog
• FPGA or ASIC design experience
• Rust and/or C++
• HFT
• Protobuf
• Curiosity and ability to learn
• Passion for trading and markets