Quantitative Trader

About Kappa Lab

Kappa Lab is a market maker specializing in digital assets, providing continuous liquidity 24/7 across over 50 centralized and decentralized exchanges. Utilizing proprietary technology and quantitative models, Kappa Lab maintains consistent pricing and rapid responsiveness across trading venues.

Role Summary

The Quantitative Trader will join a hands-on trading team responsible for managing and enhancing live market-making strategies, while researching and prototyping new quantitative strategies. The role balances achieving strong performance and profit-and-loss results with deep analytical insight into markets and the technical implementation of trading methods.

Responsibilities

• Manage and refine live market-making strategies by adjusting quoting parameters, spreads, trade sizing, and hedging mechanisms, continuously assessing and improving performance.
• Research, prototype, and deploy new quantitative trading strategies covering various venues and asset categories.
• Conduct detailed analysis of execution quality, including fill rates, adverse selection, realized spreads, and trading costs.
• Operate within a configuration-as-code environment where strategy parameters are controlled through versioning, peer review, and software deployment processes.
• Monitor active trading to manage risk effectively during volatile market conditions.
• Collaborate closely with engineering teams to enhance trading systems and contribute code directly.

Candidate Requirements

• Strong quantitative reasoning with proficient application of statistical analysis to fast-moving, noisy data sets.
• Experience writing maintainable, production-level Python code, familiarity with version control systems, and capability to debug live systems under pressure.
• Proven ability to derive actionable insights from large market datasets and communicate findings clearly.
• Understanding of cryptocurrency markets, blockchain technologies, and core trading concepts.
• Solid judgment regarding risk management, including deciding when to adjust trading size, hedge, or halt activity.
• A proactive approach with demonstrated initiative to identify opportunities, execute quickly, and drive projects forward.

Preferred Qualifications

• Experience in market making, high-frequency trading, or systematic execution strategies.
• Proficiency in the Rust programming language.
• Knowledge of decentralized finance (DeFi) and on-chain trade execution.

Location and Work Environment

The role is based in Dubai with an onsite working arrangement. The company also operates hybrid offices in London and Dubai.

Application Details

Applicants are invited to submit a CV along with a concise cover letter addressing:

• Their personal interest and experience in trading and betting, especially related to cryptocurrency.
• An overview of software projects they have developed or are interested in developing, either professionally or personally.

Equal Opportunity Statement

Kappa Lab is committed to diversity and inclusion, offering equal opportunity without discrimination based on race, ethnicity, religion, gender, sexuality, age, disability, or any other protected characteristic.