BitMEX

Quantitative Developer

Asia

Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Cryptocurrency, Fintech, Trading PlatformsIndustries

About BitMEX

BitMEX stands as a globally leading exchange for crypto derivatives, offering traders a professional-grade trading platform. Since its inception in 2014, BitMEX has maintained an impeccable security record with “no coin lost, ever!”.

Our platform caters to cryptocurrency derivatives traders by providing low latency, deep liquidity, and maximum availability. Currently, BitMEX offers more than 100 derivatives contracts, 16 pairs for spot trading, and an easy covert function between 30+ different cryptocurrencies.

In 2015, BitMEX revolutionised the market by inventing the Perpetual Swap, which has since become the most widely traded crypto product. Demonstrating a commitment to transparency, since 2021, BitMEX has been among the first exchanges to regularly publish its on-chain Proof of Reserves and Proof of Liabilities, ensuring that the funds available exceed the total client balances.

Overview

The Trading Engine sits at the core of the BitMEX platform and handles all brokerage and trading aspects. The Trading Engine team is responsible for order management, risk management, position keeping, PNL calculations, market data distribution, order matching, and settlement.

We are building a best-in-class engineering team to help us scale the BitMEX trading platform to millions of users and millions of transactions per second, and grow an innovative set of new products. We are looking for strong technologists to join our lean core team with a keen interest in building the next generation of electronic trading systems.

Key Responsibilities

  • Ownership in the design, development and delivery of trading system components
  • New feature implementation, bug fixing, and performance tuning
  • Partner with Financial Products and quantitative researchers on product delivery
  • Mentor team members and drive firm initiatives

Requirements

  • 8+ years programming experience writing high-performance Java applications
  • Bachelor's degree in a Computer Science or similar STEM discipline
  • Experience in a related industry, such within a Hedge Fund, Investment Bank, or an Exchange developing financial trading applications
  • Understanding of the modern software development fundamentals and testing practises inclusive of TDD and BDD
  • Understanding of design patterns and object-oriented programming such as SOLID, with in-depth understanding of algorithms and their complexities
  • Understanding of the Java Memory Model and concurrency in practise
  • Demonstrable analytical and problem solving skills, with an ability to break larger problems down and turning complex problems into simpler abstractions
  • Genuine passion for software development, and a keen lifetime learner who puts quality over quantity

Nice to have

  • Experience in development of execution algos and risk management systems
  • Finance knowledge in FX/Crypto spot and derivatives markets
  • Basic understanding of mathematics
  • Working knowledge of the KDB/q language
  • Working knowledge of containerisation using Docker/Kubernetes
  • Experience with REST/WS, FIX or any other financial protocols

Why BitMEX?

BitMEX offers a dynamic environment that blends intense work, a vibrant culture, and diversity. We actively recruit across time zones to meet growing demands and attract top global talent.

We're seeking determined, responsible, and collaborative individuals to join us in building a leading cryptocurrency ecosystem. We value meticulousness, agility, and simplicity. As a 24/7 global exchange, we look for adaptable team players who can excel in a diverse, cross-market environment.

We provide flexible arrangements to our remote contract talents with:

  • Work from home to help you find the perfect balance between work, family and personal life
  • Paid holidays and leave so you won’t miss out any important events
  • Team buil

Skills

Quantitative Development
Trading Systems
Order Management
Risk Management
PNL Calculations
Market Data
Order Matching
Settlement
Performance Tuning
C++
Java
Python
Low Latency
High Availability
Cryptocurrency Derivatives
Financial Products

BitMEX

Peer-to-peer cryptocurrency trading platform

About BitMEX

BitMEX is a peer-to-peer cryptocurrency trading platform that focuses on Bitcoin and other major cryptocurrencies like Ethereum and XRP. It allows traders to leverage their positions, offering up to 100x leverage on Bitcoin contracts and varying leverage on other cryptocurrencies. Users can trade perpetual contracts, which do not expire, enabling them to hold positions indefinitely as long as they meet margin requirements. BitMEX serves a wide range of clients, from individual retail traders to institutional investors, and generates revenue through trading fees on transactions. The platform is recognized for its strong security measures that protect users' funds and data, and it also offers a Testnet for users to practice trading strategies without financial risk. Additionally, BitMEX provides a robust API for traders to create custom trading tools and access real-time data.

None, SeychellesHeadquarters
2014Year Founded
$65KTotal Funding
GROWTH_EQUITY_VCCompany Stage
Fintech, Crypto & Web3Industries
51-200Employees

Benefits

Remote Work Options
Paid Holidays
Paid Vacation
Company Social Events
Flexible Work Hours

Risks

Regulatory scrutiny from past compliance failures could impact BitMEX's operations and reputation.
Increased competition from emerging exchanges offering better leverage options may erode market share.
Volatility in new token listings like GOAT and STLS poses financial risks for traders and platform.

Differentiation

BitMEX offers up to 100x leverage on Bitcoin contracts, attracting experienced traders.
The platform provides perpetual contracts, allowing indefinite position holding with margin requirements.
BitMEX is renowned for its industry-leading security measures, ensuring user fund protection.

Upsides

Launch of Multi Asset Margining simplifies trading, potentially attracting more users.
Introduction of XBTG25 futures contract enhances market position with diverse investment options.
Support for token migrations like POL positions BitMEX as a forward-thinking exchange.

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