Discover your dream Career
For Recruiters

Singapore HFT quant's departure suggests crypto trading's back in style

Is crypto trading back in fashion? Perhaps, as the Bitcoin spot ETF has just been approved by the SEC. Traders from venerated TradFi institutions might be inclined to dip their toes into crypto once more, with a recent example coming from a high frequency trading quant in Singapore.

Kévin Soobraty joins crypto market maker FlowDesk as a quantitative researcher. The firm provides "market making as a service" as well as OTC trading and analytics services. Prior to FlowDesk, he spent over three years at Jump Trading as a quant risk analyst, followed by a hefty 2 year non-compete period. 

Soobraty begun his career as an actuarial quant, but made a move into credit trading with BNP Paribas in Hong Kong. After two years, he joined a freshly launched Symmetry Investments, a hedge fund spun off from Millennium. He was there for three and a half years before moving to Jump Trading's Singapore office.

Click here to sign up for our fintech newsletter 🤖

Soobraty appears to have joined from Jump Trading's main business, rather than its digital assets arm, Jump Crypto. That division has been under much scrutiny since its massive losses were revealed, and it's been notably absent from the list of authorized participants for the bitcoin ETF. Rival firms Jane Street and Virtu Financial, contrarily, were on it.

Click here to create a profile on eFinancialCareers and make yourself visible to recruiters hiring for top jobs in fintech.

Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Click here to fill in our anonymous form, or email editortips@efinancialcareers.com. Signal also available

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Photo by Traxer on Unsplash

author-card-avatar
AUTHORAlex McMurray Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
DTG Capital Markets
Proprietary Trader (US, remote)
DTG Capital Markets
New York, United States
Paritas Recruitment - Data & Tech
Quantitative Researcher (Systematic Fund)
Paritas Recruitment - Data & Tech
London, United Kingdom
Quantitative Software Engineer
New York, United States
Equity Research Analyst/Associate/VP
Alexander Chapman
New York, United States

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.