Is virtual currency trading back in fashion? Probably because the Bitcoin Spot ETF was just approved by the SEC. Traders at respected TradFi institutions may be inclined to dip their toes into cryptocurrencies once again, as was the case recently from a high-frequency trading quant in Singapore.
Kevin Suobrati has joined cryptocurrency market maker FlowDesk as a quantitative researcher. The company offers “market making as a service” as well as OTC trading and analysis services. Prior to joining FlowDesk, he was a Quantitative Risk Analyst at Jump Trading where he worked for over three years, followed by a long non-competitive period of two years.
Mr. Sobrati started his career as a quantitative actuary, but moved to margin trading with BNP Paribas in Hong Kong. Two years later, he joined Symmetry Investments, an independent hedge fund from Millennium. He worked there for three and a half years and then moved to his office in Jump Trading Singapore.
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Soobraty appears to have joined Jump Trading from his day job, rather than Jump Crypto, the digital assets division. The sector has been under intense scrutiny since huge losses were revealed, and it is notable that it is no longer on the list of authorized participants in Bitcoin ETFs. By contrast, rivals Jane Street and Virtu Financial joined in.
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