One of Wall Street's largest trading firms is hiring a crypto trader for the weekends

Quick Take

  • Virtu Financial is growing its footprint in the crypto market.
  • 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 is hiring a weekend crypto trader. 

The 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 a wholesaler for crypto brokers. 

The potential hire also reflects the unique nature of crypto, which trades 24/7. Virtu is seeking a "dependable, trustworthy and highly self-motivated and self-disciplined individual," the job advert said. 

RELATED INDICES

"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."

Virtu is reportedly 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. 


© 2023 The Block. 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.

About Author

Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].