Principal Trader

  • Galaxy Digital
  • New York, NY, USA
  • Nov 04, 2021
Full time Trading

Job Description

 

About Galaxy Digital

Galaxy Digital is a diversified financial services firm dedicated to the digital asset, cryptocurrency and blockchain technology industry. As one of the most well-capitalized and trusted companies in the industry, Galaxy Digital is a publicly listed company on the TSX and operates five synergistic business lines: Trading (arbitrage, macro, market making/OTC), Asset Management (passive and active strategies, including venture capital), Principal Investing, Investment Banking Services (capital markets and M&A) and Mining (proprietary mining and mining finance). Galaxy Digital’s CEO and Founder Michael Novogratz leads a team of institutional veterans focused on this high-growth, technology-driven space. The company is headquartered in New York City, with offices in San Francisco, Tokyo, Hong Kong, London, Chicago, the Cayman Islands (registered office) and New Jersey.

Role Description

Galaxy Digital is actively looking for an experienced Principal Trader with a successful track record. This candidate should be familiar DeFi trading strategies. This person will have the ability to evaluate opportunities based on risk/reward and probability distribution. The ideal candidate is a results-driven, disciplined problem solver, and can adapt quickly to new technologies and market conditions. They will have strong options and product knowledge, preferably as a market maker, excellent communication, and presentation skills with the aptitude to thrive within a dynamic and fast-paced trading environment.

Responsibilities

  • Serve as a Principal Trader on our rapidly growing Digital Assets Desk
  • Identify trading opportunities
  • Trade and manage risk of products within a technology-driven construct
  • Disseminate information to sales/sales trading force on a timely basis
  • Coordinate operational processes, including trade booking and risk/revenue reconciliation as needed
  • Produce desk research and reports that analyze protocols
  • Participate in weekly research meetings and discussions
  • Provide guidance for new application features
  • Research, design, and test new automated trading strategies within the firm’s research infrastructure

Qualifications

  • Degree in quantitative discipline strongly preferred (Mathematics, Statistics, Data Science, Quantitative Finance, Engineering, Computer Science)
  • 4+ years of trading experience
  • Proficient in performing data analysis in Python (pandas, numpy, scikit-learn, statsmodels, matplotlib)
  • Working knowledge of SQL
  • Experience developing automated trading strategies
  • Knowledge and interest in digital assets, DeFi, and Blockchain technologies

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.

Galaxy Digital seeks to provide equal employment opportunities to all employees and job applicants for employment without regard to age, race, color, creed, religion, gender (including gender identity or pregnancy), sexual orientation, marital status, ancestry, national origin, citizenship, disability, military or veteran status, genetic information or predisposing genetic characteristic, status as a victim of domestic violence, sexual violence or stalking, arrest or conviction record, his or her sexual and other reproductive health decisions, or other protected status. This policy applies to all terms and conditions of employment.