PAX Markets, Inc.
Founding Principal Hardware Engineer
PAX Markets, Inc., Redwood City, California, United States, 94061
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Founding Principal Hardware Engineer
role at
PAX Markets, Inc. . This range is provided by PAX Markets, Inc.. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range
$200,000.00/yr - $225,000.00/yr What You’ll Do
As founding principal hardware engineer, you will lead the design and in-production implementation of an exchange and co-located trading facility on a single silicon device. You will lead development of PAX core technology and set future design directions. PAX Ultra Low-latency In-silicon Matching Engine: PAX is building the world\'s first exchange and co-located trading facility on a chip. We will go-to-market using AWS F2 FPGA instances and follow-on with an ASIC design that combines network aggregation with exchange functionality. With only the F2 FPGA setup, PAX will immediately provide the fastest tick-to-trade and market data publication in the world, across all exchanges (e.g. faster than NYSE, Deutsche Börse, etc.). Exchange Integrated High Frequency Trading Logic: The PAX λ API provides traders with on-chip exchange integrated HFT decision logic. Using the λ API, traders can make markets or take arbitrage opportunities. The λ API enables traders to respond to market events the very instant the information is registered in the exchange matching engine. PAX Business Model: PAX sells access to its ultra-low latency λ API and offers trading otherwise for free. Existing exchanges typically offer rebates for liquidity providers (makers) and charge fees to liquidity takers (the maker/taker fee structure). At PAX when λ and non-λ orders pair together, the free-tier order is given a cash rebate regardless of whether their order was characterized as making or taking. PAX is the first exchange to offer zero-fee trading and rebates for both making and taking. Deep Dives On PAX Market Structure & Technology: On-exchange trading incentives with inherent price competition. PAX rebates & fees. PAX λ API. Relevant Background
Candidates with experience in high frequency trading (HFT) or at an exchange are encouraged to apply. Skills
SystemVerilog FPGA or ASIC design experience Rust and/or C++ HFT Protobuf Curiosity and ability to learn Passion for trading and markets Seniority level
Mid-Senior level Employment type
Full-time Job function
Engineering and Information Technology Industries
Capital Markets
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Founding Principal Hardware Engineer
role at
PAX Markets, Inc. . This range is provided by PAX Markets, Inc.. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range
$200,000.00/yr - $225,000.00/yr What You’ll Do
As founding principal hardware engineer, you will lead the design and in-production implementation of an exchange and co-located trading facility on a single silicon device. You will lead development of PAX core technology and set future design directions. PAX Ultra Low-latency In-silicon Matching Engine: PAX is building the world\'s first exchange and co-located trading facility on a chip. We will go-to-market using AWS F2 FPGA instances and follow-on with an ASIC design that combines network aggregation with exchange functionality. With only the F2 FPGA setup, PAX will immediately provide the fastest tick-to-trade and market data publication in the world, across all exchanges (e.g. faster than NYSE, Deutsche Börse, etc.). Exchange Integrated High Frequency Trading Logic: The PAX λ API provides traders with on-chip exchange integrated HFT decision logic. Using the λ API, traders can make markets or take arbitrage opportunities. The λ API enables traders to respond to market events the very instant the information is registered in the exchange matching engine. PAX Business Model: PAX sells access to its ultra-low latency λ API and offers trading otherwise for free. Existing exchanges typically offer rebates for liquidity providers (makers) and charge fees to liquidity takers (the maker/taker fee structure). At PAX when λ and non-λ orders pair together, the free-tier order is given a cash rebate regardless of whether their order was characterized as making or taking. PAX is the first exchange to offer zero-fee trading and rebates for both making and taking. Deep Dives On PAX Market Structure & Technology: On-exchange trading incentives with inherent price competition. PAX rebates & fees. PAX λ API. Relevant Background
Candidates with experience in high frequency trading (HFT) or at an exchange are encouraged to apply. Skills
SystemVerilog FPGA or ASIC design experience Rust and/or C++ HFT Protobuf Curiosity and ability to learn Passion for trading and markets Seniority level
Mid-Senior level Employment type
Full-time Job function
Engineering and Information Technology Industries
Capital Markets
#J-18808-Ljbffr