# Senior Researcher (HFT, Market Making, Crypto)

> Koton · United Kingdom (Remote) · Full-time · Posted 2026-10-07

**Salary:** EUR 90,000–160,000

**Workplace:** remote

**Department:** Trading

## Description

_We trade the world's most volatile markets and make them more efficient.  
  
_Koton is a boutique, proprietary trading firm and a top-tier market maker on the world's largest crypto exchange, quoting across roughly 90% of trading pairs on both spot and futures. Our core is high-frequency market making, where the speed and cost-efficiency of execution decide the outcome. Around that core we run further strategies built on the same low-latency infrastructure. Binance is where our depth sits today, and we are actively expanding to other venues.

We build our own technology and run these strategies at scale, all with a small, tight-knit team where individual work is directly visible in the results. Most of our team sits in Brno in Czech Republic.  

**We're looking for a senior researcher to own trading strategies end-to-end, from first hypothesis to live PnL.** The work comes with genuine autonomy, real capital behind it, and a feedback loop tight enough to tell you quickly whether your edge is real.

### What you'll do

-   Design and iterate crypto trading strategies
-   Identify signals in order book dynamics, analyse trade flow, fill behavior and short-term price evolution
-   State hypotheses, validate them on real historical data
-   Design solutions, collaborate with dev team to deploy into production, analyze feedback from trading team
-   Refine performance and PnL metrics, perform post-trade analysis and continuously review trading logic

### Who you are

-   You have a detailed understanding of a number of trading strategies that were successful in a live HFT environment, either your own design or a long-term contribution to strategies design in a team
-   You own the full loop: idea →  analysis, validation → live PoC  → iteration
-   You communicate clearly and can explain your reasoning  to various stakeholders
-   You can work happily and efficiently in a remote setup long-term or you are happy to relocate

### Bonus points

-   Direct HFT experience in crypto and on exchanges (a real plus, though not required)
-   Hands-on cross-exchange arbitrage
-   Experience with DEX strategies and on-chain venues
-   You think in terms of edge decay, latency sensitivity, and the trade-off between inventory risk and spread capture
-   Expert Python, SQL, advanced .net

## Requirements

We expect strong evidence across several of these:

-   A career across several trading firms including a research-focused role
-   HFT or market making in crypto or traditional markets
-   Proprietary trading firms or quantitative trading teams
-   Order book mechanics
-   Execution, slippage, and adverse selection
-   Short-term alpha generation
-   Cross exchange arbitrage
-   Strong data skills in Python or similar
-   Comfortable preparing and analyzing large datasets
-   Disciplined about backtesting, evaluation, and risk management

_Note: This is a senior, remote, individual-contributor role. We expect you to be comfortable and effective working in a remote environment._

## Benefits

-   **Paid time off** to actually switch off
-   **Fully catered office**: all-day snacks, daily lunch, coffee and drinks on us
-   **Work-from-home flexibility** for non-remote roles
-   **Training and development** to keep sharpening your edge
-   **Performance bonuses** tied to results
-   **Relocation support** for candidates moving to Czechia
-   **Pick your own hardware**, top-spec kit, no IT-catalogue limits

**Annual salary:** This depends on your experience, the level of ownership you take on, and other factors. We believe in paying fairly, with a base salary typically ranging from 90,000 to 160,000 EUR per year, and we're always open to a conversation. We like smart people and want them to feel appreciated and to enjoy the work they do here.

## Apply

[Apply at Koton](https://apply.workable.com/koton-trading/j/2C1C16409B/apply)

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