---
title: 'Senior Backend Engineer (L3) - Trading at OpenFX'
canonical: 'https://feeny.ai/job/senior-backend-engineer-l3-trading-openfx-bengaluru-z8jfq0m7yg5c'
type: 'job'
last_seen: '2026-10-16'
---

# Senior Backend Engineer (L3) - Trading at OpenFX

- **Company:** OpenFX
- **Location:** Bengaluru, India
- **Posted:** 2026-08-06
- **Last confirmed live:** 2026-10-16
- **Apply:** https://job-boards.greenhouse.io/openfx/jobs/5380466008

## 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 Senior Backend Engineer for our Trading team — the team that owns the client's entire trade experience.

Trading owns quote generation, pricing strategy, the spread engine, and the trade lifecycle across GUI, API, and soon conversational AI. Our north star is Total Payment Volume, with Gross Revenue as the control metric. Every trade a client places moves through the systems this team builds.

You will own significant parts of the Client Trading Engine and Pricing Engine end-to-end — design, build, ship, and operate. This is a hands-on senior IC role with high ownership and accountability - the pricing logic you write today shows up in tomorrow's revenue numbers.

We're specifically looking for someone with a trading background — you've built systems where a quote had to be correct and fast, and where a bug meant real money. Think a crypto exchange, brokerage, or trading platform (CoinDCX, Groww, CoinSwitch Kuber, or similar).

## Key Responsibilities

- Design, build, and operate services across the trade path — quoting, pricing, spread application, and trade lifecycle management.
- Own features end-to-end: scoping, technical design, delivery, rollout, and the operational health of what you ship.
- Drive work to closure with Product, Design, and Operations. You are accountable for adoption, not just delivery.
- Act as a product engineer — scope a problem statement, understand its product impact, and take the hard prioritisation calls.
- Build for correctness and latency on a live client trade path. Understand and weigh trade offs.
- Instrument what you build — logging, metrics, and alerting that make the behaviour of the trade path predictable in production.
- Design for failure: retries, idempotency, and safe recovery when a downstream dependency misbehaves.
- Expose trading capability across surfaces — GUI, public API, and conversational AI — with clean, stable contracts.
- Raise the bar through code review and design feedback, and mentor L1/L2 engineers on the team.
- Build a healthy engineering-excellence and tech-debt backlog — surface the right items, work with the EM on a resolution plan, and drive them to closure.
- Participate in on-call, respond to incidents with urgency, and turn post-mortems into durable fixes.
- Work directly with product and the Hedging team to connect what you build to Total Payment Volume and gross revenue.

## What we are looking for

Must-haves:

- 4–6 years of experience building and operating production backend systems.
- A trading background — you've worked at a trading company, exchange, or brokerage and have built systems on a live trade or order path (e.g. CoinDCX, Groww, CoinSwitch Kuber, or similar).
- Strong fundamentals in system design, data modelling, and API design, with practical experience in distributed systems.
- Solid command of object-oriented programming principles and low-level design patterns.
- Solid production engineering instincts — observability, debugging complex systems, performance tuning, and incident response.
- Comfort with abstract, ambiguous problems — you can turn a vague mandate into scoped, sequenced deliverables without waiting for someone to specify it for you.
- Hands-on and high agency. You find the important problem and go solve it rather than waiting to be assigned it.
- Heavy AI user. You use AI coding tools with real technique and get materially more done because of it.
- Data-driven, and a clear written communicator — we are async-heavy and globally distributed.

What helps you stand out:

- Experience with pricing, quoting, or spread engines specifically.
- Experience with FX, multi-currency systems, or cross-border payments.
- Experience with market data, order books, or market microstructure.

What Success Looks Like

- The services you own on the trade path are reliable, well-tested, and observable — issues are caught before clients notice them.
- You ship complex features end-to-end from technical design to execution, delivery and adoption.
- The team moves faster because of your code reviews, documentation, and technical judgment.
- L1/L2 engineers around you grow measurably faster.
- You become a go-to engineer for the trade path.
- You raise the bar for the Trading team.

## 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

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- [Client Success, North America](https://feeny.ai/job/client-success-north-america-openfx-miami-k33367r2gna0) — Miami, FL
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- [SDET (L2) - Banking](https://feeny.ai/job/sdet-l2-banking-openfx-bengaluru-42pptstq5x66) — Bengaluru, India
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