CoinDCX - Associate/Sr. Associate - Quant
Role Summary
We are seeking a Quantitative Associate to join our Market Operations team at our crypto exchange.
This role is critical to maintaining efficient, competitive, and well-priced markets across spot and derivatives trading platforms. You will be responsible for market quality monitoring, derivatives pricing oversight, quantitative analysis of order books, and development of data-driven insights to improve spreads, depth, and pricing integrity.
This is a hands-on quantitative role working closely with trading, market making, product, and engineering teams in a fast-paced, 24/7 market environment.
Key Responsibilities
MARKET QUALITY MANAGEMENT
- Own and optimize spread and depth metrics across spot and futures order books
- Monitor real-time order book dynamics to maintain target spread and liquidity levels across market conditions
- Analyze historical spread and depth patterns to identify improvement opportunities
- Develop systematic, data-driven approaches to enhance market quality
DERIVATIVES PRICING OVERSIGHT
- Monitor and manage price deviations between derivatives contracts and corresponding mark prices
- Track and analyze price differentials between internal derivatives products and global benchmarks (Binance, OKX, Bybit, Deribit, CME)
- Investigate pricing anomalies and coordinate with trading, market making, and engineering teams to resolve issues
- Minimize basis risk and ensure pricing integrity across derivatives books
RISK MONITORING & QUANTITATIVE ANALYSIS
- Build and maintain dashboards and alerting systems for market quality and pricing metrics
- Conduct post-trade analysis to evaluate market making effectiveness
- Perform statistical analysis on:
Order book dynamics
Pricing deviations
Market microstructure behavior
- Support data-driven decision-making through quantitative insights
CROSS-FUNCTIONAL COLLABORATION
- Work closely with Trading, Product, and Engineering teams to understand market making strategies
- Partner with Engineering to implement:
Monitoring tools
Automated alerts
Systematic pricing improvements
- Communicate findings and recommendations clearly to senior stakeholders
YOU'LL EXCEL IF YOU HAVE
- Bachelor's or Master's degree in Mathematics, Statistics, Physics, Computer Science, Finance, Economics, or related quantitative field
- 1–3 years of experience in:
- Quantitative trading
- Market making
- Market surveillance (crypto or traditional derivatives preferred)
Strong understanding of:
- Market microstructure
- Order book dynamics
- Derivatives pricing principles
Technical proficiency in:
- Python (pandas, numpy, scipy)
- SQL
- Large time-series datasets
- Statistics and probability applied to financial markets
Preferred Qualifications
- Prior experience at a crypto exchange, trading firm, or HFT environment
- Familiarity with:
- Perpetual futures
- Dated futures
- Options
- Experience with:
- Real-time data processing and monitoring systems
- Market making algorithms
- Liquidity provision strategies
- Funding rates
- Index pricing
- Mark price methodologies in crypto derivatives
- Experience with Tableau, Grafana, or similar visualization tools
Technical Skills
Programming:
- Python
- SQL
- APIs
- Real-time data streams
Tools:
- Jupyter notebooks
- Git
- Linux / command line
Mathematics:
- Statistics
- Probability
- Time-series analysis
- Optimization
Financial Knowledge:
- Derivatives pricing
- Market microstructure
- Risk metrics
Additional:
- Python / Rust coding capabilities
What We're Looking For
- Analytical rigor: Ability to extract actionable insights from complex datasets
- Attention to detail: High vigilance on pricing accuracy and market quality metrics
- Problem-solving mindset: Proactive, systematic approach to issue resolution
- Communication skills: Ability to explain technical concepts to diverse audiences
- Adaptability: Comfort operating in fast-moving, 24/7 market environments
- Collaboration: Strong team orientation across trading, quant, and engineering functions
YOU'LL KNOW YOU'RE WINNING WHEN
- Arbitrage strategies are developed and deployed based on funding and pricing inefficiencies in derivatives books
- Market quality metrics (spreads, depth, pricing deviations) show consistent improvement
- Pricing anomalies are detected early and resolved quickly
- Quantitative insights directly influence trading and market making decisions
HIRING PROCESS
- Application Review
- Recruiter Connect
- Functional Round(s)
- Assignment / Simulation Round
- Culture & Values Discussion
- Founder Conversation (Optional)
WHERE WE WORK
We operate as a
work-from-office organisation based out of
Bangalore , where collaboration, speed, and innovation happen in real time.
Perks & Benefits
- Flexible benefits structure
- Unlimited wellness leaves
- Mental wellness support
- Bi-weekly learning and growth sessions
READY TO BUILD WHAT'S NEXT
If you're looking for a role that gives you direct access to high-stakes decisions, deep impact, and a chance to build the future of finance, this is it.
Join CoinDCX and help make crypto accessible to every Indian, together.
