Graduate Algorithmic Trader - DeFi

London /
DeFi /
About Wintermute

Wintermute is one of the largest algorithmic trading firms in digital assets globally. We manage hundreds of millions in assets and trade more than $5B+/day across dozens of different trading platforms. Culturally, we combine 1) the highest standards of technological and trading sophistication from traditional financial markets and 2) technology startup nature, as we are moving very fast and empowering people to act like owners. 
Wintermute provides liquidity algorithmically across most vested exchanges in crypto, across CeFi and DeFi, on-screen and OTC, as well as supports high profile blockchain projects. At Wintermute, we believe in the decentralization of finance and we believe that trading companies of the future are technology companies, not financial services providers. 
In DeFi, Wintermute is known to be one of the largest algorithmic traders in DeFi. We support all major DEX, trading platforms, AMMs and we work with most major chains. Wintermute is an official market maker for many prominent blockchain projects and we actively support the DeFi ecosystem by investing in early stage projects, helping them kick-start and maintain liquidity and collaborating/co-creating products with promising projects.
Wintermute is a hyper-growth highly profitable proprietary trading business. We are backed by LightspeedPantera CapitalSino Global Ventures, Avon Ventures by Fidelity InvestmentsDeFi Alliance and other top tier investors. Learn more about our team and culture on our website and Evgeny’s post here.

Working at Wintermute 

We are looking for a Graduate Algorithmic Trader with strong coding skills and a curiosity about high-frequency trading, market making and crypto trading. At Wintermute, you will be responsible for your own “desk” after a short period of training. You will have the opportunity to develop your own product (trading algorithms, trading strategies), while also getting advice and guidance from very experienced traders and developers, including the founders/management team. You will get a lot of independence and responsibility right away, and you'll learn at an unprecedented speed!
What will you work on

After a short training period, you will be assigned your own “DeFi desk” with related P&L responsibility for specific chains and protocols. You will develop a deeper understanding of DEX’s, on-chain money markets and cross-chain bridges, amongst other DeFi related tasks. You’ll need to keep up to date and act on all the latest developments, including but not limited to flashbots execution, new chains/layer2 architectures. You’ll be liaising with developers to improve our existing strategies and developing new ones. We will share more technical details in the interviews. As an emerging field, DeFi is growing fast and so will you. 

Hard Skills Requirements

    • Familiar with at least one of the following programming languages: Python, Rust, Java or C++
    • Curiosity in the DeFi space proven by doing extra-curricular project/work/research in this space (CeFi trading does not count!)
    • Trading knowledge isn’t required but a strong willingness and curiosity to learn algorithmic, high frequency, quantitative and market making trading is crucial.
    • Excellent quantitative and analytical skills – we will test. 

Wintermute Offer

    • A unique opportunity to work on very interesting projects, get the level of responsibility and ownership that would be unlikely at any other project or trading firm
    • A unique opportunity to join one of the strongest and most successful DeFi teams globally
    • Great company culture: informal, non-hierarchical, ambitious, highly professional yet collaborative and entrepreneurial  
    • A cool office in central London with a sci-fi touch
    • We support significant flexibility in regards to working from home and working hours; however, we require hard/smart work and >60% work from the office; we are unable to accept remote candidates
    • Weekly team events, such as team lunches, team dinners, team board games and Dota playing sessions; these are not obligatory in any sense, but this is what we like to do
    • Aligned incentive structure: a significant part of your compensation is similar to that of owners - significant performance-based variable pay and the best thing - your contribution directly impacts both and the upside is unlimited
    • We offer standard perks too, like pension, private health insurance, free food and office gym, but that’s probably not the right reason to join us
    • We offer UK work permits and help in relocation

Write to us if you

    • Love coding, love problem solving, and love seeing your products work
    • Love building things
    • Curious about algorithmic trading and financial markets
    • Determined, ambitious yet humble, willing to work hard and learn on the way
    • Like meritocracy and being judged by what you deliver
    • Like working like an owner, not 9-to-5 or contractor mentality
    • Ideally like working in the team environment (not fully remote), at least half-time working from our London office but we are also open to candidates who wants to work fully remotely

Tips for a successful application

    • Only apply to us if you are genuinely interested or curious about this role and DeFi space; this is not for someone who is just looking for "a job"
    • This is a London based role
    • Do some research: look at our website and social media channels
    • Write us a short, honest, and direct message if you'd like to apply. Tell us about why you are interested in DeFi in general and in Wintermute in particular. Do not send us generic copy paste applications, we are looking for authentic people who share our interests, values and ambitions!
    • If you don't have an obviously matching experience or skills, make sure you state very clearly what you can bring or how your experience is relevant.
    • Prepare to be tested on your hard skills required for this job. We do not care as much about your credentials (university or prior employer), but we care a lot about your knowledge and ability to get things done.
    • Unfortunately, we won't be able to proceed if you simply press "submit button"; we do promise to reply to everyone who puts time and effort in making the application relevant!