Senior Business Analyst – Trading & Market Microstructure (Crypto Exchange)

Posted 29 July 2026
Salary HKD1500000 - HKD3000000 per annum
LocationHong Kong
Job type Permanent
Discipline Crypto & Blockchain
Referencea3471ef2-2333-4cc4-a76c-7d041153494b

Job description

We are partnering with a leading global digital asset platform to identify a Senior Business Analyst with deep expertise in trading analytics, derivatives mechanics, and market microstructure. This role sits at the intersection of product, trading, and risk, driving analytical frameworks that underpin multi-asset trading operations.

Key Responsibilities
  • Own and maintain trading analytics frameworks across multiple asset classes (spot, perpetuals, futures, and FX), ensuring consistency in data definitions, calculations, and reporting standards
  • Conduct in-depth analysis of core trading mechanics, including funding rate models, mark price construction, liquidation logic, and ADL (Auto-Deleveraging) behavior
  • Review and validate technical research, analytical models, and internal documentation related to trading operations, liquidity dynamics, and exchange microstructure
  • Partner with product and trading teams to support the rollout of new products and market structure enhancements, assessing impacts on risk, accounting, and user portfolios
  • Serve as a subject matter expert for internal and external stakeholders on trading rules, fee structures, API considerations, and operational workflows
  • Contribute to cross-functional initiatives such as liquidity optimization, trading efficiency improvements, and risk analytics development
Requirements
  • 5+ years of experience in trading analytics, quantitative analysis, or market operations within crypto, derivatives, or institutional trading environments
  • Strong hands-on experience with both spot and derivatives markets, with the ability to translate complex market microstructure into actionable business insights
  • Deep expertise in derivatives trading concepts, including perpetual funding rates, mark price methodologies, margin systems, and liquidation mechanisms
  • Prior experience within a leading crypto exchange, market-making firm, prop trading desk, or traditional derivatives platform is highly preferred
  • Proven track record of contributing to complex, cross-functional trading or product initiatives
  • Solid understanding of on-chain trading considerations, including gas fees, slippage, and blockchain settlement dynamics
This is an opportunity to play a critical role in shaping trading infrastructure and product evolution within a fast-growing digital asset environment.

Additional Information We regret that only shortlisted candidates will be contacted.

Interested? If you are motivated by the opportunity to drive regional growth for a global payments platform and thrive in a high-growth, fast-paced environment, we would like to hear from you.

Please connect or send your profile directly to jchan@captarpartners.com for a confidential discussion.