jobs

Sales Trading
New York, NY

Our vision is to bring more innovation, efficiency, and equality of opportunity by helping create an open financial system for the world. We are focused on making digital currency accessible to everyone and are guided by two key principles: be the most trusted company in our industry and create products that are easy to use.

GDAX plays a critical role in achieving that vision. As public blockchains create an open financial system for the world, sophisticated traders will need a place to discover, access, and exchange digital assets. We are focused on building the most trusted and secure digital asset exchange for institutions and professional traders. These traders will bring important liquidity to the industry, providing improved price stability and enabling more people to participate in an open financial system.

This is where you come in — we are looking for someone to stand up and operate a block trading desk for GDAX. You will serve as the trusted counterparty to the world’s largest traders, establishing GDAX as the premier block trading destination in the industry. You will work closely with our Product, Sales, and Risk teams to provide on and off-exchange execution options for institutions and HNW individuals. If you’re excited about bringing a new asset class to the financial world, this is the right team for you.

A little about us: we are a cross-functional, product-driven team dedicated to building the premier digital asset exchange in the world.  We value positive energy, continuous learning, and clear communication and are committed to building a diverse and inclusive environment for people from all backgrounds.

Responsibilities:

Establish GDAX as the premier block trading destination in the industry
Develop, manage, and grow desk trading volume for institutions and HNW individuals
Exercise prudent risk-taking decisions for the company and its clients
Maintain the highest standards of client confidentiality and professional market conduct
Requirements:

6+ years working on a trading desk, preferably with experience facilitating block trades in a variety of asset classes including FX, commodities, fixed income, and derivatives.
Experience in a risk-taking role at an investment bank, hedge fund, or investment management firm
Excellent data analysis, relationship management, and interpersonal communication skills
Demonstrated passion for trading digital assets such as bitcoin, ether, and litecoin
Entrepreneurial mindset with a desire to build a business from the ground up
What to send

Resume or LinkedIn profile
A response to the following prompt: “Tell us how you would stand up and operate a block trading desk. What are the key components and milestones needed to succeed?”
 

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of gender, race, religion, color, national origin, sexual orientation, age, marital status, veteran status, or disability status.Welcome to EditPad.org - your online plain text editor. Enter or paste your text here. To download and save it, click on the button below.

Bitcoin has many cousins and competitors. None have grown more popular than Ethereum, a global computer network with its own virtual currency, called Ether.

What is Ethereum?


Ethereum is a global computing network operating according to rules defined by Ethereum software. Those rules allow the Ethereum network to be programmed to complete certain types of computing tasks, with every computer on the network completing the task in parallel to ensure it is done correctly. Generally the tasks involve money.

The creator of Ethereum, Vitalik Buterin, has likened it to a global smartphone that can be programmed to operate according to the apps built on top of it. The apps are called Dapps because they are run by a decentralized network of computers.

Mr. Buterin says he chose the name because it refers to “the hypothetical invisible medium that permeates the universe and allows light to travel.” He announced Ethereum in late 2013, but it didn’t go into operation until 2015. Continue reading the main story



Ethereum is not a virtual currency?


The Ethereum network has its own virtual currency, Ether. In the simplest sense, Ether are needed to pay the other computers on the network to complete tasks. It isn’t free to use the network.People have also decided to buy and hold Ether, betting that it will become more valuable as more people want to use the network and need Ether to pay for the network’s computing power.


What does Ethereum have to do with Bitcoin?


Mr. Buterin was a Bitcoin aficionado, and he was inspired by its success. But he set out to build something that could do more than Bitcoin: He wanted to build a system that would make it possible to program more complex financial transactions. Photo






Racks of servers at a facility in China “mining” Bitcoins and Ether. Credit Gilles Sabrie for The New York Times The shared records of the Ethereum network — of every transaction and computation it has ever performed — are known as a blockchain, just as the shared records of all Bitcoin transactions are known as a blockchain.

But Ethereum’s blockchain database is totally independent of Bitcoin’s blockchain.

Why would you want to use this network?

Let’s say two companies want to conduct a complicated financial transaction, like settling a stock option. Neither company trusts the other company to conduct the transaction on its computers. Both companies could hire a third party, like a stock exchange, to conduct the transaction, which is what they generally do today.

But that forces them to trust that third company and to pay that company fees. With Ethereum, they can conduct the transaction on a shared computer that allows them both to check the records, ideally saving on fees.As this example suggests, Ethereum has proved attractive to financial companies that have to complete lots of complicated financial transactions with competitors they don’t trust.

Many banks are looking at how Ethereum could be used as a central operating system for various trading markets, replacing today’s exchanges and middlemen. JPMorgan Chase has even created its own version of Ethereum, known as Quorum.Other companies, like Samsung and Toyota, have experimented with Ethereum as a way to keep track of products moving through supply chains that involve many players.

Photo




Kim Si-wan, advisor at Coinone, an offline cryptocurrency exchange in South Korea, explaining virtual currency market trends. Credit Jean Chung for The New York Times Dozens of large companies around the world came together this year to create the Enterprise Ethereum Alliance.

The group is working to develop versions of the Ethereum software that are battle tested enough to be used in a corporate setting.

Does that mean the world’s biggest companies will corner the market on Ether?

The versions of the Ethereum software that companies are building will most likely be used to set up private networks that would be totally separate from the public Ethereum network and that would not use the Ether currency. Some people, though, are betting that these private networks will eventually be plugged back into the public network.


How do you buy Ether?

Just as with Bitcoin, you can buy Ether from people who already own them on virtual currency exchanges. Most large countries have exchanges where a variety of virtual currencies can be bought with the local currency.

How are Ether created?

Just as with Bitcoin, Ethereum are “mined,” or created by computers joined into the Ethereum network. These computers are in a race to...continue reading: https://www.nytimes.com/2017/10/01/technology/what-is-ethereum.html