Product Manager / Director, Institutional Liquidity & Growth

The role

You will own the management and improvement of liquidity across spot, margin, futures, perpetual swap and options markets. You will work with institutional traders, market makers, HFT firms and quantitative teams to develop market-structure, product and commercial solutions.

What you will do

• Analyse institutional client needs, market-maker and HFT trading behaviour, market trends, competitor liquidity, fee structures, order types and liquidity programmes.
• Own the liquidity product roadmap across spot, margin, futures, perpetual swaps and options.
• Translate quantitative analysis and institutional trading requirements into clear product specifications and solutions.
• Work with Quant, Data, Engineering, Matching Engine, Risk and Relationship managers teams to deliver scalable solutions.
• Define targets, baselines, guardrails and post-launch measurement for each liquidity initiative.
• Understand participants' market-making, hedging, arbitrage, inventory-risk and latency-sensitive strategies.
• Partner with Institutional Relationship Management teams to onboard and engage liquidity providers.
• Communicate product and programme changes and gather structured feedback.

Required qualifications

• Proven experience in liquidity management, electronic trading or market structure within a crypto or traditional exchange, market maker, HFT firm, proprietary trading firm, quantitative fund or instit
• Strong understanding of institutional and HFT trading strategies, including market making, cross-venue arbitrage, price discovery, hedging, inventory and risk management, adverse selection, toxic flow
• Hands-on ability with SQL and Python, with experience analysing large-scale order-book, order and trade data.
• Deep knowledge of market microstructure, order books, matching, tick size, maker/taker economics, order types, execution quality and liquidity dynamics across spot and derivatives.
• Front-to-back knowledge of crypto, FX, equities, fixed income or listed derivatives.
• Strong product execution and stakeholder-management skills.
• Able to communicate credibly with traders, quants, engineers, senior executives and external partners.
• Fluent in English and Mandarin.

Nice to have

• A quantitative background in mathematics, statistics, computer science, financial engineering or a related field
• Experience with Level 2 or Level 3 market data

Benefits

• Competitive total compensation package
• L&D programs and education subsidy
• Various team building programs and company events
• Wellness and meal allowances
• Comprehensive healthcare schemes for employees and dependants

Before you apply

• Applicants should have a current right to work in Hong Kong
• Applicants should not require OKX's sponsorship of a visa

About the company

OKX is a leading crypto exchange and the developer of OKX Wallet. It is part of OKG, a group that brings the value of Blockchain to users around the world.