Assistant Manager - Markets

Role Summary

We are seeking an Assistant Manager – Markets (Market Making) to join our Markets team at CoinDCX.

This role is critical to maintaining efficient, competitive, and well-priced markets acrossspot and derivatives trading platforms. You will be responsible formarket quality management, derivatives pricing oversight, market maker performance monitoring, and quantitative analysis of order books to improve spreads, depth, and pricing integrity.

This is a hands-on role working closely with trading, market makers, product, and engineering teams in a fast-paced, 24/7 market environment.

Key Responsibilities

1) 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 liquidity and competitiveness across market conditions
• Analyze historical spread and depth data to identify improvement opportunities
• Develop systematic, data-driven approaches to enhance market quality
• Manage market maker KPIs, onboarding, and ongoing performance
• Operate and optimize the market maker program, including incentive structures

2) Derivatives Pricing Oversight

• Monitor and manage price deviations between derivatives contracts and their mark / index prices
• Track and analyze pricing differentials between CoinDCX derivatives and global benchmark exchanges
• Investigate pricing anomalies and coordinate with trading, market making, and engineering teams for rapid resolution
• Ensure pricing integrity and minimize basis and manipulation risk across derivatives markets

3) Risk Monitoring & Quantitative Analysis

• Build and maintain dashboards and alerting systems for market quality and pricing metrics
• Conduct post-trade analysis to evaluate market maker effectiveness
• Perform statistical analysis on:
• Order book dynamics
• Pricing deviations
• Market microstructure behavior
• Support data-driven decision-making for liquidity, pricing, and market structure improvements

4) Cross-Functional Collaboration

• Work closely with Trading, Product, Engineering, and Market Making teams
• Partner with Engineering to implement:
• Monitoring tools
• Automated alerts
• Systematic pricing and market quality improvements
• Communicate insights 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 a related quantitative field
• 1–3 years of experience in:
• Market making
• Quantitative trading
• Market surveillance (crypto or traditional derivatives preferred)
• Strong understanding of:
• Market microstructure
• Order book dynamics
• Derivatives pricing principles
• Proficiency in Python (pandas, numpy, scipy) for analysis and automation
• Experience with SQL and large time-series datasets
• Solid grounding in statistics and probability applied to financial markets

Preferred Qualifications

• Prior experience at a crypto exchange, trading firm, or HFT environment
• Familiarity with derivatives products:
• Perpetual futures
• Dated futures
• Options
• Experience with real-time data processing and monitoring systems
• Knowledge of:
• Market making algorithms
• Liquidity provision strategies
• Understanding of:
• Funding rates
• Index pricing
• Mark price methodologies in crypto derivatives
• Experience with data visualization tools such as Tableau, Grafana, or similar

Technical Skills

• Programming: Python (required), SQL (required)
• Tools: Jupyter notebooks, Git, Linux / command line
• Mathematics: Statistics, probability, time-series analysis
• Financial Knowledge: Derivatives pricing, market microstructure, liquidity and risk metrics

What We’re Looking For

• Analytical Rigor: Ability to derive actionable insights from complex market data
• Attention to Detail: High vigilance on pricing accuracy and market quality metrics
• Problem-Solving Mindset: Proactive, systematic approach to issue identification and resolution
• Communication Skills: Ability to explain technical concepts to both technical and non-technical stakeholders
• 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

• Market quality metrics (spreads, depth, pricing deviations) show consistent improvement
• Pricing anomalies are detected early and resolved quickly
• Market maker performance and liquidity contribution improve measurably
• Data-driven insights directly influence trading and market structure decisions

Hiring Process

Here’s what your journey with us looks like:

• Application Review – Skills, experience, and role alignment
• Recruiter Connect – Introductory discussion
• Functional Round(s) – Deep dive into markets knowledge and problem-solving
• Assignment / Simulation (role dependent) – Practical market or data exercise
• Culture & Values Discussion – Ways of working and team alignment

Where We Work

We believe the best ideas emerge when people build together. Collaboration, speed, and trust thrive when teams share the same space.

This role is based out of our Bangalore office, operating in a work-from-office setup.

Perks That Empower You

• Competitive compensation with performance-linked incentives
• Exposure to high-volume trading operations and professional market makers
• Collaborative environment with traders, quants, and engineers
• Continuous learning and professional development opportunities