The Head of Dealing for a crypto exchange that also offers futures and CFDs trading plays a pivotal role in overseeing the trading operations, ensuring compliance, and managing risk. Here's a brief outline of what such a role entails:
Responsibilities:
Trading Operations:
- Oversee and manage the execution of trades across crypto spot markets, futures, and CFDs.
- Ensure smooth functioning of trading systems, minimizing downtime or disruptions.
- Monitor order book health, spreads, and liquidity.
Risk Management:
- Establish and enforce risk management protocols to limit exposure to market, counterparty, and liquidity risks.
- Analyze market movements and implement hedging strategies where necessary.
- Conduct stress testing and scenario analysis regularly.
Compliance & Regulatory:
- Ensure trading activities comply with global regulations, including MiCA and other jurisdictional guidelines.
- Liaise with compliance teams to align policies with market standards.
Strategic Development:
- Design and implement trading strategies to optimize revenue generation and competitive positioning.
- Work with the product team to develop and refine offerings like perpetual swaps, leveraged tokens, and other derivatives.
Team Leadership:
- Build and manage a team of dealers and trading analysts.
- Provide training and maintain high-performance standards.
Client Interaction:
- Collaborate with VIP clients and institutional traders, providing insights, support, and liquidity solutions.
- Oversee market-making activities for proprietary and third-party participants.
Data Analysis:
- Utilize advanced analytics and trading algorithms to monitor performance and market trends.
- Make data-driven decisions for optimal execution and spread management.
Key Skills & Qualifications:
- Experience:
- Minimum 8-10 years in trading or dealing, with a focus on crypto, futures, or CFDs.
- Proven track record of managing high-volume, multi-asset trading desks.
- Technical Skills:
- Proficiency in trading platforms (e.g., MetaTrader, cTrader) and crypto exchanges.
- Knowledge of quantitative trading systems and algorithmic strategies.
- Regulatory Knowledge:
- Familiarity with MiCA and other relevant financial regulations.
- Strong understanding of AML/KYC and risk compliance measures.
- Soft Skills:
- Excellent decision-making under pressure.
- Strong leadership and interpersonal skills.
Strategic Importance:
The Head of Dealing ensures the exchange remains competitive by providing deep liquidity, excellent execution, and robust risk management, directly contributing to user satisfaction and profitability.
