Quantitative Researcher – Futures & ETF Market Making

Overview

K-Hawk Capital is a systematic trading firm focused on high-turnover intraday strategies in equities, ETFs, and futures. Our performance depends on sophisticated quantitative models, disciplined transaction-cost control, deep market microstructure insight, and tight integration with live trading systems.

We are hiring an experienced Quantitative Researcher specializing in Futures and ETF Market Making to research, develop, and continuously improve our market-making strategies, with a focus on optimal control, inventory management, market microstructure alpha, and execution optimization.

Key Responsibilities
- Design, implement, and optimize systematic market-making strategies across liquid futures and ETFs.
- Develop optimal control frameworks for energetic quoting, inventory management, position sizing, and risk management.
- Research and implement short-horizon market microstructure alpha signals using order flow, order-book imbalance, trade activity, and liquidity dynamics.




- Build and calibrate models for fill probability, queue position, adverse selection, and short-term price movements.
- Develop inventory-aware quoting strategies that dynamically adjust bid/ask prices, spreads, and order sizes based on market conditions.
- Research stochastic control, dynamic programming, and reinforcement learning approaches to market making.
- Model limit order book dynamics, including order arrivals, cancellations, queue depletion, and liquidity regimes.
- Develop and optimize execution algorithms to maximize spread capture while minimizing adverse selection, market impact, and transaction costs.
- Research cross-asset relationships between equity index futures and ETFs to improve pricing, hedging, and market-making decisions.
- Build and evaluate realistic backtesting and simulation frameworks incorporating queue priority, latency, partial fills, and exchange matching rules.
- Analyze historical and live tra

📌 Quantitative Researcher (India)
🏢 K-Hawk Capital
📍 India