Trader

Midpoint Markets; San Francisco, Northern (CA, KY); Hybrid; USD 150,000 - 200,000; Full time

Benefits offered by this job

Medical and dental insurance

401k match & wellness benefits

Job summary

Midpoint Markets in San Francisco is seeking a Trader to join our Trading Operations team. You will ensure trading runs seamlessly, scale strategies to new markets, and build tools that progressively automate the management of our trading activities.

This role primarily follows Asian hours, requires a high degree of autonomy, and we prefer in-person attendance at our office to facilitate team collaboration when needed.

Qualifications

• Deep interest in trading concepts and crypto exchange mechanics.
• Strong problem solving to understand markets and complex systems.
• Analytical skills to quickly evaluate tradeoffs in real time.
• Solid programming ability with exchange APIs and debugging.

Responsibilities

• Overseeing automated trading processes: monitoring positions, exposure, and P&L.
• Managing collateral and capital across exchanges to maximize efficiency.
• Building deep understanding of crypto trading mechanics and API constraints.
• Serving as primary contact with exchanges and optimizing market maker participation.
• Troubleshooting system issues and implementing hotfixes as needed.
• Writing and reviewing code that supports trading systems.
• Reconciling accounting data and P&L from multiple sources.
• Opening accounts and creating API keys, handling non-automated trades.
• Identifying process improvements and implementing automations.

Skills

Trading concepts

Crypto exchange mechanics

Analytical skills

Programming ability

Debugging

Communication skills

Time management

Self-learning

Tools

Exchange APIs

Job description

Trading Operations Full-time San Francisco

Trader

Keep every part of our trading running seamlessly, scale our strategies to new markets, and build the tools that progressively automate how we manage them.

We're a proprietary trading firm building systematic quantitative strategies in crypto. Since 2018, we've been a consistent liquidity provider across major venues, helping markets become more efficient and mature while staying comfortable operating at the frontier as market structure evolves.

Our core strategies span market-making, HFT, and statistical arbitrage. We're a team of engineers, technologists, researchers, and traders who build end-to-end systems: robust data and research pipelines to uncover edges, and low-latency infrastructure and execution software to capture them in production. We trade at scale (~$1B in daily notional volume) in a dynamic, fast-paced, and highly competitive environment.

We're looking for the brightest, most driven people to join us: collaborative problem-solvers who want ownership, impact, and the chance to work with a team that brings 100+ years of collective quantitative finance experience.

About the position

We are seeking a Trader to join our Trading Operations team. Our mission is to ensure every aspect of trading runs seamlessly, efficiently, and intelligently. In this role, you will be directly responsible for helping us scale our strategies to new markets. You will also help us build tools to progressively automate the management of our trading and respond to changing market dynamics. This role primarily covers Asian hours and requires a high degree of autonomy. While working independently is essential, we strongly prefer in-person attendance at our office to facilitate team collaboration when needed.

Responsibilities

• Overseeing automated trading processes: monitoring positions, exposure, and P&L, and investigating issues as they arise.
• Managing collateral and capital across exchanges to maximize efficiency.
• Building deep understanding of crypto trading mechanics, including margin, leverage, fee structures, and API constraints.
• Serving as primary point of contact with exchanges and optimizing our participation in market maker programs.
• Troubleshooting system issues, reading trading logs, triaging errors, and implementing hotfixes when needed.
• Writing, modifying, reviewing, and debugging the code that supports the trading systems.
• Reviewing and reconciling accounting data and P&L from multiple sources.
• Executing operational tasks such as opening accounts, creating API keys, and handling non-automated trades.
• Identifying process improvements and implementing automations to increase efficiency.

What we look for

We're not focused on narrow technical experience. Instead, we value smart, adaptable thinkers who take ownership and thrive under pressure. We're more interested in how you approach problems than what you already know. The ideal candidate will possess:

• Deep interest in trading concepts and crypto exchange mechanics (slippage, fees, funding rates, spreads, etc.).
• Strong problem solving with the ability to understand markets and interactions, identify failures in complex systems, and execute solutions.
• Strong analytical skills with the ability to quickly evaluate quantitative tradeoffs in real time, triage tasks, and identify the highest return in a dynamic environment.
• Solid programming ability, with a focus on debugging emergent issues and problem-solving exchange interactions: able to read code, understand tracebacks, write code to interact with exchange APIs, and critically evaluate AI-generated suggestions.
• Exceptional organization and follow-through, able to manage multiple tasks and ensure none are dropped.
• Strong communication skills to coordinate across developers, quants, back office, and external parties.
• Adept at operating in a frenetic, high-stakes environment with long and irregular hours; a willingness to take on tasks outside of your comfort zone and work with others to elevate yourself.
• Self-learner mentality with high responsiveness, including outside of structured work hours.

Compensation

The annual total compensation for this position is $150,000 – $200,000+. Final offers are determined by a variety of factors which may include, as applicable, a candidate's technical expertise, educational background, years of experience, etc.

Location

We strongly prefer in-person in San Francisco.

• Fully paid medical and dental insurance for all employees and dependents.
• Competitive 401k match and generous wellness benefits.

We are proud to be an equal opportunity workplace. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity/expression, age, status as a protected veteran, status as an individual with a disability, or any other applicable legally protected characteristics.