Quantitative Developer
About the job
- Strong fundamentals in computer science, algorithms, data structures, and quantitative problem solving.
- Hands-on experience building quantitative trading, algorithmic trading, execution, or high-frequency trading systems.
- Strong understanding of market microstructure, order books, execution, slippage, and liquidity.
- Experience with execution algorithms, netting, dynamic or delta hedging, and inventory management.
- Deep understanding of crypto market structure and exchange mechanics, including REST/WebSocket APIs and real-time market data.
- Strong experience with Go for concurrent, high-throughput, performance-sensitive systems.
- Proficiency in Python for research, data analysis, backtesting, simulation, and strategy prototyping.
- Ability to challenge assumptions, translate market behavior into quantitative hypotheses, and continuously improve execution and hedging strategies.
- Experience building and operating resilient, production-grade systems in 24/7 real-time markets.
- Design, build, and optimize automated execution and hedging systems operating across crypto exchanges and liquidity venues.
- Develop execution algorithms, netting mechanisms, and dynamic hedging strategies to efficiently manage trade flow and market exposure.
- Build systems to manage, rebalance, and risk-manage inventory positions resulting from trading and execution activity.
- Own the full lifecycle, from quantitative research, backtesting, and simulation to implementation, deployment, monitoring, and live performance tuning.
- Analyze market microstructure, order book dynamics, execution quality, slippage, and trading performance to identify opportunities and continuously improve strategies.
- Build high-throughput, low-latency trading systems using Go for core execution services and Python for research, analysis, and strategy development.
- Make pragmatic architectural and quantitative decisions, balancing execution quality, latency, risk, reliability, and trading costs.
- Continuously improve live trading systems with a focus on performance, observability, resiliency, and operational excellence.
- Familiarity with distributed systems, event-driven architectures, queueing systems, and modern cloud environments.
About the company
Midas is a fintech platform with an SEC-licensed app that lets individual investors access major U.S. stock markets, including NASDAQ and NYSE, to buy and invest in a wide range of stocks (about 10,000 shares listed on the NYSE). The app provides investment tools that help users calculate potential returns and share financial summaries, making it easier to plan and communicate a portfolio strategy. Users interact with the platform to place trades and view insights, while the company earns revenue mainly from transaction fees and may offer premium features through subscriptions. Midas aims to help people diversify their portfolios and build a stronger financial future by giving simple access to large-cap stocks and clear, shareable financial insights.
Company Size
1,001-5,000
Company Stage
Series B
Total Funding
$137M
Headquarters
Istanbul, Türkiye
Founded
2020
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Simplify's Take
What believers are saying
- August 2025 funding lifted Midas above $140 million total capital.
- June 2026 digital-wallet and prepaid-card plans deepen engagement and transaction revenue.
- September 2025 U.S. options launch and 2026 overseas trading approvals broaden monetization.
What critics are saying
- June 2026 e-money license pursuit exposes Midas to payments regulatory rejection.
- Robinhood, Interactive Brokers, and local brokers squeeze Midas on price and product breadth.
- If options, cards, and wallets stall, Midas remains a low-margin brokerage clone.
What makes Midas unique
- Midas has 3.5 million users and a flat $1.50 U.S. trading fee.
- August 2025 Series B raised $80 million from QED, IFC, QuantumLight, and Spark.
- August 2026 SPK approvals expanded Midas into five overseas trading categories.
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Benefits
- Wellness Program