ICYMI: One of Wall Street’s largest trading firms is hiring a crypto trader for the weekends
Now it is on the hunt for a weekend trader to work on its new crypto trading desk.
Count this as a sign that one of Wall Street's most important market participants is becoming increasingly focused on the digital assets market: Virtu Financial isThe firm, one of the traditional finance world's most important market makers, is a later entrant to the crypto market and has ramped up its hiring efforts in the space this year.
The aspiration to hire a crypto trader for the weekend indicates the extent to which crypto is a priority for Virtu, which trades across 200 venues in dozens of countries. The firm is known for making markets in crypto exchange-traded products and has been trying to carve out a niche as aThe potential hire also reflects the unique nature of crypto, which trades 24/7.
"Our Crypto Traders are risk managers that help to keep our trading system and strategies running smoothly, providing critical operational support and maintaining our high‐performance algorithmic trading strategies."working with rival Citadel Securities on a new ecosystem for institutional crypto trading. The operation could help brokers like Charles Schwab and Fidelity offer crypto services to their clients.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Frank Chaparro covers the intersection of financial markets and cryptocurrency as Director of News. Since joining the publication in 2018 as its first reporter, he has played a key role in building The Block into a leader in financial journalism and research.
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