Quantitative Researcher (Bangalore Division)

Coin DCX
- 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 workplace. 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 & ADVANTAGES
• 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 Coin DCX and help make crypto accessible to every Indian, together. Apply on Kit Job: kitjob.in/job/4mu4ni