Trading - Trader (Market Making) - London

About us:

Founded in 2015, B2C2 is a global leader for institutional liquidity within digital assets. We bring 24/7 365 days a year deep, reliable pricing for spot, futures, options, CFDs, and NDFs across all market conditions. Our growing team has deep expertise across pricing, structuring, risk, systems, and regulation.

B2C2 bridges the gap between traditional financial and digital assets, and is relied upon by brokerages, exchanges, banks, fund managers, and other institutions to provide 24/7 liquidity. Headquartered in London, with global offices in Paris, Jersey City, Tokyo, Singapore, and Luxembourg, our fast-growing team has expertise in traditional financial and crypto markets.

We pride ourselves on our company culture and ability to attract not only the top talent but the right people. If you are looking for a role in an exciting new industry, at a dynamic company please keep reading.

About the role: 

We are hiring a Market Making Trader to help run and grow our quoting on centralised exchanges. You will manage automated market making strategies, monitor risk and inventory in real time, and work with quants and developers to improve pricing, execution and profitability. This is a high impact role at the cutting edge of digital asset trading.

Duties and Responsibilities:

• Manage and optimise the strategies used to make markets on crypto exchanges.
• Responsible for the PL of team and individual strategies.
• Develop and improve the models and strategies using quantitative methods.
• Collaborate with Quant Dev and Research during the full lifecycle of alpha and signals development and deployment.
• Conduct research and data analysis on bespoke trading data.

Strategy and trading

• Run automated market making strategies on centralised exchanges.
• Set and adjust quoting parameters such as spreads, sizes, skew and inventory limits in response to volatility, liquidity and flow.
• Spot new opportunities: listings, new venues, instruments and fee or rebate programmes.

Risk and monitoring

• Monitor positions, inventory, exposures and margin across venues in real time, and hedge where needed.
• Support disciplined intra-day risk management and reporting.

Research and improvement

• Analyse fill quality, adverse selection, queue position and markouts to improve strategy performance.
• Collaborate with quants and developers on new features, pricing models and latency improvements; test and roll them out safely.
• Evaluate venue economics, including fee tiers, maker rebates, liquidity programmes and API limits.

Required Skills and experience:

• University degree in a numerical degree, with strong grades.
• 3+ years as a market maker or systematic/electronic trader, in crypto or traditional markets.
• Strong grasp of market microstructure: order books, queue dynamics, adverse selection, latency and fees.
• Good knowledge of perpetual futures, funding rates, basis and margin mechanics.
• Solid programming and data skills, ideally Python and SQL, for analysis and tooling.
• Hands-on experience running automated quoting strategies and tuning their parameters.
• Entrepreneurial mind set and a natural intuition for risk, pricing, and how crypto markets function.
• Ability to work in a fast-paced fluid environment at the cutting edge of trading and technology within the industry.
• Excellent teamwork and clear communication skills and ability to express ideas.
• Calm, quick decision-making under pressure, with sound risk discipline.
• Willing to work flexible hours as part of a 24/7 coverage model.

A strong culture is a common denominator among the most successful companies and B2C2 is proud to be a values-based company.

• Ambitious - Striving to make history through world class achievements
• Innovative - Forward looking in our solutions for clients and employees
• Meritocratic - Rewarding positive contribution across the organisation
• Collegiate - Achieving through teamwork through a healthy environment
• Risk Aware – Informed decision making and considered in our practices

Equal Employment Opportunities Policy:

B2C2 is committed to a policy of equal employment opportunity for applicants and employees and we welcome applicants from all backgrounds. It is the policy of B2C2 to apply recruiting, hiring, training, promotion, compensation and professional development practices without regard to actual or perceived race, colour, religion, sex (including pregnancy, sexual orientation and gender identity), national origin, age, disability or certain classifications based on genetic information, or because someone is married or in a civil partnership or any other characteristic protected by federal, state or local laws, regulations or ordinances. As such, B2C2 will not tolerate discrimination against any of our employees on the basis of membership in a protected category. We are also committed to creating an inclusive environment to ensure we attract, engage, promote and retain the best talent. We will consider flexible working arrangements for any of our roles.