---
title: 'Quantitative Trader / Developer — Capital Markets at OpenFX'
canonical: 'https://feeny.ai/job/quantitative-trader-developer-capital-markets-openfx-new-york-m2mf2kbwmxkk'
type: 'job'
last_seen: '2026-10-16'
---

# Quantitative Trader / Developer — Capital Markets at OpenFX

- **Company:** OpenFX
- **Location:** New York, NY / Dubai, United Arab Emirates / London, United Kingdom / Miami, FL / Bangalore, India
- **Posted:** 2026-09-15
- **Last confirmed live:** 2026-10-16
- **Apply:** https://job-boards.greenhouse.io/openfx/jobs/5425059008

## Job description

## About Us

OpenFX is on a mission to move money as freely as data, unrestricted by time zones, banking hours, or legacy systems. We are building the infrastructure that will power the next generation of cross-border payment systems for institutions. The team's execution has been exceptional, and we're scaling at a remarkable pace. Our stellar early team comes with experience in companies like J.P . Morgan, Goldman Sachs, FalconX, Paypal, Affirm, Polygon, Kraken, Nium & others. We’re backed by Accel, Lightspeed, NfX, and other top-tier investors.

## Role Overview

We're hiring a quantitative trader/developer for Capital Markets which covers trading, hedging, and market-making strategies across our stablecoin and FX business. You'll have the opportunity to work directly with the trading desk on strategies with real, immediate P&L impact, with daily 1:1 mentorship from the experienced traders and engineers leading Capital Markets. You're evaluated on the strategies you ship and the P&L they generate. You own a thread from idea to live trading, and the person you're building it with is a trader. We're specifically looking for someone with a trading background: a prop trading firm, a crypto market maker, or a trading platform where you've both written the code and owned the trading decision it produced.

Key Responsibilities:

- Trading strategy development. Develop, maintain, and improve trading and hedging strategies across our stablecoin and FX business, from idea to live execution, with full ownership of the outcome.
- Production trading systems and live operations. Own the reliability, observability, and operational performance of our live trading environment. Monitor systems in real time, act as primary responder to production issues, and work with the desk to investigate, mitigate, and resolve incidents affecting trading, risk, or system stability.
- Production tooling and operational safety. Build and improve internal tools, dashboards, alerts, and automation that reduce manual intervention in live trading. Design and maintain safe testing, deployment, rollout for production changes.
- Market microstructure and research. Build tools to research how our markets actually trade, and work with the desk to turn that analysis into an edge.
- Full-cycle ownership. Engage in full-cycle trading development — research, coding, testing, and deploying into production.
- High Agency: Bring ideas to the desk unprompted and be ready to defend them. Find the competitive edge that drives results.

## What we are looking for

Must-haves:

- Comfortable writing production code and owning a trading decision and its P&L on the same strategy.
- Skills in probabilistic thinking and mathematical reasoning, with the ability to react quickly and accurately to rapidly changing market conditions.
- 3+ years of solving hard problems through code with real metrics and impact in industry, and strong development skills in Python and/or C++.
- Real experience in market making, prop trading, or a trading-adjacent quant role.
- Competitive spirit, a drive to improve, and an appetite for risk-taking.
- Comfortable with abstract, ambiguous problems - explore a venue or a strategy, you don't wait for a spec.
- Self-directed enough to learn a substantial new domain on the job - a new venue, a new asset class, new infrastructure.
- Reliable, predictable availability around scheduled market-moving events.
- Extreme attention to detail

What helps you stand out

- Experience at a prop trading firm, HFT shop, or crypto market maker (Jane Street, Two Sigma, XTX, Jump, Wintermute, Cumberland/DRW, or similar).
- Proven research background in an academic or professional environment, with expertise in statistics or machine learning.
- Experience with on-chain derivatives, DeFi perp venues, or cross-venue arbitrage.
- Experience building or operating stablecoin infrastructure or settlement rails.
- Background in market microstructure, options pricing, or systematic FX trading.

What success looks like

- Your strategies are live and measurably reducing costs or generating P&L on the book.
- You operate independently — your manager is a sounding board on the trade, not someone assigning your work.

## What We Offer

- Competitive salary and benefits package.
- Equity in a rapidly growing company.
- Opportunity to work in a fast-paced startup at the forefront of fintech innovation.
- Opportunity to make a significant impact on global financial infrastructure
- Collaborative work culture with emphasis on personal and professional growth.

We are committed to building a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

## About OpenFX

## Company Overview
- **One-liner**: OpenFX is building a modern, real-time settlement network that replaces outdated cross-border payment systems, enabling businesses to move money globally with 99% faster settlement and significantly lower costs.
- **Entity Type**: Private (Series A)
- **Headquarters**: Miami, Florida, United States
- **Founded**: 2024
- **Founders**: Prabhakar Reddy (Founder & CEO)

## Core Business
- **Primary industry/industries**: Financial Services, Cross-Border Payments, FX (Foreign Exchange) Infrastructure, Fintech
- **Target customers**: B2B; finance teams at enterprises and businesses of all sizes that need to move money across borders; companies needing embedded financial infrastructure.
- **Mission or purpose statement**: "Make money move as freely as data." The company aims to create an open, transparent, and accessible network where settlements occur in seconds, costs are reduced from percentage points to basis points, and trade execution is programmatic (via APIs) and available 24/7/365.

## Products & Services
- **Real-Time Settlement Network**: A proprietary platform that bridges previously isolated domestic payment networks and optimizes capital flows, bypassing the complex correspondent banking system. It delivers 24/7/365 operations, with most transactions settling in under 60 minutes.
- **FX & Treasury Management**: Seamless, low-cost FX liquidity available 24/7, with transparent pricing (0.01-0.3%) and zero hidden costs.
- **Embedded Financial Infrastructure**: APIs that allow companies to integrate global money movement directly into their own platforms.
- **Real-Time Tracking & Reporting**: Enhanced transparency with real-time tracking and detailed reporting for all transactions.

## Market Standing
- **Valuation**: Not publicly disclosed.
- **Key Metric - Total Funding**: **$117 million** across three rounds.
- **Funding History**:
    - **Series A (March 2026)**: $94 million, led by Accel with 8 investors.
    - **Venture Round (June 2025)**: $23 million, led by Accel with 6 investors.
    - **Seed Round (June 2024)**: Undisclosed amount with 1 investor.
- **Notable Investors/Partners**: **Accel** is the lead investor across all rounds. Other investors include a total of 8 in the Series A and 6 in the Venture Round.
- **Growth Signals**:
    - Processes **billions in annualized payment volume**.
    - Experienced rapid headcount growth of **+12.5% monthly** (currently ~50 employees).
    - Active job postings have grown **+30.8% monthly** (17 open roles).
    - Global team operating across North America, Europe, Middle East, and Asia (7 countries).
    - Team includes alumni from major fintech and finance firms like Affirm, Revolut, Coinbase, PayPal, Visa, Mastercard, JP Morgan, and Goldman Sachs.

## Competitive Advantages
- **Speed & Cost**: Claims to be 99% faster (most transactions settle in <60 mins vs. 2-7 days) and 80% cheaper than traditional FX and correspondent banking systems.
- **24/7/365 Operations**: The platform operates continuously, including weekends and holidays, unlike the traditional market which shuts down.
- **Proprietary Technology**: Built a new settlement infrastructure from the ground up to bypass the complex, multi-layered correspondent banking system, optimizing capital flows through proprietary routing technology.
- **Institutional-Grade Security**: 99.99% uptime and robust security measures.
- **Experienced Team**: Founded and staffed by serial entrepreneurs and experts from top-tier financial and technology companies.

## Strategic Focus
- **Global Expansion**: The company has regional heads for North America, Latin America, Europe, the Middle East, APAC, and Africa/India, indicating a strong focus on global market penetration.
- **Becoming the Digital Backbone**: By 2030, OpenFX envisions itself as the critical digital backbone of global finance, processing trillions through its settlement network.
- **Product Development**: Actively hiring for product roles focused on API, payments, currency expansion, and onboarding, signaling a push for product maturity and feature depth.
- **Compliance & Licensing**: Hiring for Heads of Compliance and Licensing in the Americas, UK, and UAE, indicating a strategic focus on regulatory compliance across key markets.

## Why Work Here
- **Culture & Values**: The company emphasizes "Velocity" (swift response, strategic speed), "Trust & Ownership" (autonomy, radical responsibility), and "Respect" (collaboration over ego). The mission is to "make money move as freely as data."
- **Remote/Hybrid/Office Policy**: The company has a global, distributed team with hubs in Miami (HQ), London, Dubai, Bengaluru, and other locations. Many roles are listed as "Remote (USA)" or "Remote (EMEA or APAC)", suggesting a flexible, remote-friendly culture.
- **Notable Perks & Engineering Culture**: The company is building infrastructure for the next century of global commerce. The engineering team is building a new settlement network from the ground up, offering a challenging and impactful technical environment. The team is composed of veterans from top tech and finance firms, providing a high-caliber peer group.
- **Growth Trajectory**: With $117M in funding, rapid headcount growth, and ambitious goals, OpenFX offers the opportunity to be part of a high-growth startup at a critical stage.
- **Diverse & Global Team**: The company has a strong international presence with teams across 7 countries, offering a diverse and global work environment.

## Sources
1. [openfx.com - Company Page](https://www.openfx.com/company)
2. [openfx.com - Careers Page](https://www.openfx.com/careers)
3. [openfx.com - Homepage](https://www.openfx.com/)
4. [Greenhouse - OpenFX Jobs](http://job-boards.greenhouse.io/openfx)
5. [LinkedIn - OpenFX Company Profile](https://www.linkedin.com/company/openfx)

## Other roles at OpenFX

- [Client Success, LATAM](https://feeny.ai/job/client-success-latam-openfx-miami-dg3k472xhct9) — Miami, FL
- [Commercial Legal Counsel](https://feeny.ai/job/commercial-legal-counsel-openfx-miami-usa-london-uk-amsterdam-ncq1hndb7v18) — Miami Usa London UK Amsterdam, Netherlands
- [Client Success, North America](https://feeny.ai/job/client-success-north-america-openfx-miami-k33367r2gna0) — Miami, FL
- [Engineering Manager - DevOps](https://feeny.ai/job/engineering-manager-devops-openfx-bengaluru-dyrqveqqj6sx) — Bengaluru, India
- [SDET (L2) - Banking](https://feeny.ai/job/sdet-l2-banking-openfx-bengaluru-42pptstq5x66) — Bengaluru, India
- [Head of Client Success, MENA](https://feeny.ai/job/head-of-client-success-mena-openfx-united-arab-emirates-z7fgjertr7ha) — United Arab Emirates
- [Engineering Manager- Data](https://feeny.ai/job/engineering-manager-data-openfx-bengaluru-9nm34cyha23b) — Bengaluru, India
- [Engineering Manager- Payments](https://feeny.ai/job/engineering-manager-payments-openfx-bengaluru-jaj9zevgjcwy) — Bengaluru, India
- [Senior Backend Engineer (L5) -Payments](https://feeny.ai/job/senior-backend-engineer-l5-payments-openfx-bengaluru-h6ztjwzr3z2a) — Bengaluru, India
- [Senior Backend Engineer (L3) - Payments](https://feeny.ai/job/senior-backend-engineer-l3-payments-openfx-bengaluru-6syg5phnzfab) — Bengaluru, India