Head of Dealing

The Head of Dealing for a crypto exchange that also offers futures and CFDs trading plays a pivotal role in overseeing the trading operations, ensuring compliance, and managing risk. Here's a brief outline of what such a role entails:

Responsibilities:

Trading Operations:

• Oversee and manage the execution of trades across crypto spot markets, futures, and CFDs.
• Ensure smooth functioning of trading systems, minimizing downtime or disruptions.
• Monitor order book health, spreads, and liquidity.

Risk Management:

• Establish and enforce risk management protocols to limit exposure to market, counterparty, and liquidity risks.
• Analyze market movements and implement hedging strategies where necessary.
• Conduct stress testing and scenario analysis regularly.

Compliance & Regulatory:

• Ensure trading activities comply with global regulations, including MiCA and other jurisdictional guidelines.
• Liaise with compliance teams to align policies with market standards.

Strategic Development:

• Design and implement trading strategies to optimize revenue generation and competitive positioning.
• Work with the product team to develop and refine offerings like perpetual swaps, leveraged tokens, and other derivatives.

Team Leadership:

• Build and manage a team of dealers and trading analysts.
• Provide training and maintain high-performance standards.

Client Interaction:

• Collaborate with VIP clients and institutional traders, providing insights, support, and liquidity solutions.
• Oversee market-making activities for proprietary and third-party participants.

Data Analysis:

• Utilize advanced analytics and trading algorithms to monitor performance and market trends.
• Make data-driven decisions for optimal execution and spread management.
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Key Skills & Qualifications:

• Experience:
• Minimum 8-10 years in trading or dealing, with a focus on crypto, futures, or CFDs.
• Proven track record of managing high-volume, multi-asset trading desks.
• Technical Skills:
• Proficiency in trading platforms (e.g., MetaTrader, cTrader) and crypto exchanges.
• Knowledge of quantitative trading systems and algorithmic strategies.
• Regulatory Knowledge:
• Familiarity with MiCA and other relevant financial regulations.
• Strong understanding of AML/KYC and risk compliance measures.
• Soft Skills:
• Excellent decision-making under pressure.
• Strong leadership and interpersonal skills.

Strategic Importance:

The Head of Dealing ensures the exchange remains competitive by providing deep liquidity, excellent execution, and robust risk management, directly contributing to user satisfaction and profitability.