Full-Time
Akuna Capital’s 2024 Virtual Quant Trading Challenge
Posted on 7/24/2024
Akuna Capital
501-1,000 employees
Derivatives market making and liquidity provision
Entry
Company Historically Provides H1B Sponsorship
Remote in USA
- Able to dedicate 3-5 hours uninterrupted from August 15th - August 22nd, 2024
- Pursuing a BS/MS/PhD in Engineering, Economics, Statistics, Mathematics, Computer Science, Actuarial Science, or related field
- Strong math aptitude, statistical and quantitative analysis skills
- Strong Python programming background
- Entrepreneurial self-starter ready to work in a fast-paced, competitive, team environment
- Desire and ability to learn the intricacies of financial markets
- Major GPA of 3.5 or above
- Graduating between December 2024 – August 2026
- Participate in the Virtual Quant Trading Challenge by writing market-making bots
- Compete against other participants on a simulated exchange
- Gain hands-on trading experience
- Submit resume and motivation letter in PDF format
Akuna Capital specializes in derivatives market making, providing liquidity in global financial markets. They enable quick buying and selling of assets without significantly affecting their prices. The company uses advanced technology and sophisticated algorithms developed by a team of developers, traders, and quantitative analysts to achieve this. Akuna primarily serves institutional clients like banks and hedge funds, offering efficient trading services without charging fees or commissions. Instead, they profit from the bid-ask spread, which is the difference between the buying and selling prices of assets. Their success relies on their technology and a collaborative environment that allows them to adapt quickly to market changes and improve trading strategies.
Company Size
501-1,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Chicago, Illinois
Founded
2011
Simplify's Take
What believers are saying
- Investment in fintech platforms like Options AI expands market reach to retail investors.
- Digital asset trading growth aligns with Akuna's derivatives market-making expertise.
- Focus on ethical data sourcing offers new data-driven trading strategy opportunities.
What critics are saying
- Competition from AI-driven trading firms may erode Akuna's market share.
- DeFi platforms offering derivatives trading could disrupt traditional market-making models.
- Regulatory scrutiny on high-frequency trading may lead to stricter compliance requirements.
What makes Akuna Capital unique
- Akuna Capital specializes in derivatives market-making with cutting-edge technology.
- The firm provides liquidity without charging fees, earning through bid-ask spreads.
- Akuna's collaborative environment enhances trading algorithms with input from developers and analysts.
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Benefits
Generous Paid Leave Policies - Vacation leave starting at 20 days per year that increases based on tenure, flexible sick leave, primary carer’s leave starting at 12 weeks, and volunteer time off.
Medical & Retirement Packages - 100% coverage of monthly premiums for employees enrolled in Akuna’s BlueCross BlueShield offerings and dental and vision plans, as well as a 401(k) plan with company match.
Wellness & Inclusion - Our employees have access to complimentary fitness and mindfulness events both in-person and virtually, as well as an in-building gym in our Chicago office. Additionally, our employee-led Culture Committee works together to continue building a healthy, positive, and inclusive work environment.
Continuing Education - We are proud to offer firm-wide classes through our Akuna U program, access to webinars, digital books, and case studies via Safari, opportunities to attend conferences, and tuition reimbursements to make sure you keep learning!
Social Events - We host happy hours, team outings and poker nights, sponsor a variety of employee-led clubs and sports teams, and offer volunteer opportunities to all employees.
Kitchen & Games Room - Catch up over a coffee made to order by our in-house barista and grab a bite to eat in our stocked kitchen, or challenge a fellow coworker to a friendly ping pong match in our games room!
Referral Bonuses - We want to reward you for helping us grow our awesome, hard-working team.
Company News
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