About the Role
You will define, specify, and ship a core trading surface for an on-chain orderbook exchange. You will translate market maker and institutional trader requirements into engineering-ready specifications, partner with engineers on matching and risk engine design, set market parameters, track product success metrics, and write RFCs and briefs. You will run competitive analysis, prioritize listings and launches, coordinate cross-functional readiness for market launches, and expand the venue's product surface into adjacent areas like lending and hedging as the product matures.
Requirements
- 5–8 years of product management experience with 2+ years shipping product at an orderbook trading venue
- Experience working on a trading or exchange team and owning a roadmap with market makers and institutional traders
- Fluent trader vocabulary including funding, basis, skew, taker, maker, ADL, oracle slippage, and latency-sensitive flow
- Familiarity with perp market mechanics including liquidation engines, insurance funds, cross- and isolated-margin, funding rate design, and mark price construction
- Active experience trading perpetuals with non-trivial volume
- Track record of shipping in pre-PMF environments and defining product surface and scope
- Excellent written communication and ability to produce specs, RFCs, and memos
- Ability to communicate clearly with engineers and external trading partners
- Technical fluency sufficient to read code and contribute to design reviews
- Japanese language proficiency preferred
Responsibilities
- Own the product strategy and v1 specification for a core trading surface
- Act as the primary product interface to market makers and high-volume traders
- Drive the listings pipeline end-to-end
- Define which markets to list and on what timeline
- Set initial market parameters including leverage caps, tick and lot size, funding cap, oracle source, and margin requirements
- Coordinate engineering, risk, and market maker readiness for each launch
- Partner with engineering on matching engine, risk engine, and API contracts
- Contribute to design decisions such as ADL versus insurance-fund design and cross- versus isolated-margin accounting
- Define and track product success metrics such as depth, slippage, fill rate, API latency, listings velocity, and MM uptime
- Build and maintain the exchange competitive intelligence function
- Write specs, RFCs, and market maker briefs to align engineering, risk, and external partners
- Translate institutional counterparty requirements into specifications and maintain coherent venue direction
- Contribute to design of adjacent surfaces including lending markets, hedging and basis-trade flows, and structured products
Benefits
- Competitive compensation
- Equity or stock options available when conditions are met
- Remote work with overlap with APAC working hours
- Hybrid in Tokyo or Singapore preferred