Quantitative Researcher FX Spot Market Making | Top-Tier Bank

Location: London

We are partnering with a top-tier global investment bank is seeking a Quantitative Researcher to join its FX Spot Market Making team. The role focuses on developing quantitative models and intraday trading signals that directly support electronic market-making, pricing, hedging, and execution across major FX spot products.

Working closely with FX traders, structurers, and technology teams, the successful candidate will contribute to the research, testing, and deployment of systematic models operating in highly liquid, fast-moving markets.

Key Responsibilities

• Research, develop, and backtest intraday alpha signals for FX spot market making, including price momentum, limit order book dynamics, and client and market flow imbalance.
• Translate research outputs into production-ready inputs for pricing, hedging, and execution strategies.
• Enhance electronic market-making and algorithmic execution frameworks, including volume-based and liquidity-aware strategies.
• Develop and maintain limit order book models to address intraday execution and liquidity provision challenges.
• Design, implement, and monitor a structured testing (“clinical trial”) framework for systematic tuning of pricing, hedging, and execution parameters.
• Partner closely with traders and engineers to ensure robust deployment, monitoring, and ongoing optimisation of live models.

Requirements

• PhD in a quantitative discipline (e.g. mathematics, statistics, physics, computer science, engineering).
• Proven experience developing intraday trading or market-making strategies in FX or other liquid asset classes.
• Strong understanding of FX market microstructure and limit order book behaviour.
• Hands-on experience with kdb+, Python, and Java.
• Experience working with large-scale, high-frequency or intraday market data.

The team is open to candidates with strong quantitative backgrounds from cash equities market making or quant strategist roles, provided they have demonstrable intraday trading experience and exposure to FX markets.

To apply please send a copy of your cv to

mailto:[email protected]