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Full-Time

Quantitative Developer

Posted on 5/8/2024

FalconX

FalconX

201-500 employees

Institutional crypto trading platform for financial institutions

Fintech
Crypto & Web3

Compensation Overview

$171.5k - $246.5kAnnually

+ Performance-linked Bonus + Equity

Mid

New York, NY, USA

Category
Quantitative Analysis
Algorithm Development
Quantitative Finance
Software Engineering
Required Skills
Rust
Python
Blockchain
Data Analysis
Requirements
  • Bachelor's or Master's degree in Computer Science, Mathematics, or a related field
  • Strong proficiency in Python
  • Experience with data analysis and statistical modeling is a plus
  • Excellent problem-solving skills and ability to work effectively under pressure
  • Strong communication and collaboration skills to work in a cross-functional team environment
  • Experience with C++ or Rust is a plus
  • Familiarity with blockchain technology and Web3 infrastructure is a plus
  • Ability to adapt to a fast-paced and rapidly changing digital assets industry
Responsibilities
  • Work with trading team to design, enhance, and support trading strategies
  • Assist in monitoring and troubleshooting existing strategies
  • Conduct testing and debugging to identify and resolve system issues and inefficiencies
  • Play a key role in managing and optimizing strategy research pipelines
  • Collaborate across trading and engineering teams to enhance and support trading systems, including high-performance execution systems

FalconX operates an institutional crypto trading platform that focuses on the needs of financial institutions dealing with digital assets like Bitcoin and Ethereum. The platform simplifies the trading process by providing clear price discovery and efficient trade execution, allowing institutions to buy and sell cryptocurrencies without concerns about price discrepancies or hidden fees. Trusted by major financial institutions, FalconX tailors its services to hedge funds, asset managers, and proprietary trading firms, ensuring their specific requirements are met. The company offers a range of services including trade execution, credit, treasury management, market making, and prime services, generating revenue through these specialized offerings. FalconX aims to provide a reliable and efficient trading experience for institutional clients in the rapidly evolving crypto market.

Company Stage

Series D

Total Funding

$427M

Headquarters

San Mateo, California

Founded

2018

Growth & Insights
Headcount

6 month growth

18%

1 year growth

36%

2 year growth

50%
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Simplify's Take

What believers are saying

  • FalconX's partnerships, such as with SignalPlus and Avail, enhance its service offerings and market reach.
  • The company's ability to attract top talent, like Ravi Doshi, strengthens its leadership and expertise in the crypto trading space.
  • FalconX's significant funding and backing from notable investors like GIC and Adams Street Partners provide a strong financial foundation for growth.

What critics are saying

  • Regulatory scrutiny, as evidenced by the $1.7 million fine from the CFTC, could pose ongoing challenges.
  • The highly competitive nature of the crypto trading market requires continuous innovation to maintain a leading position.

What makes FalconX unique

  • FalconX's focus on institutional clients sets it apart from many crypto trading platforms that cater to retail investors.
  • The company's comprehensive suite of services, including trade execution, credit, and treasury management, offers a one-stop solution for financial institutions.
  • FalconX's rapid product innovation and high praise for product velocity make it a standout in the fast-evolving crypto market.

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