Proprietary Principal Trading

Know the odds.
Survive.

Systematic strategies across global markets, traded entirely with our own capital. Every idea has to earn its place with evidence, or it does not trade.

Ashburn · Chicago · London · Frankfurt · Singapore · Tokyo · Sydney

Drag to explore · Arrow keys when focused

Major data-center hubs. Illustrative connections,
not a representation of firm facilities.
Proprietary capital
100%
Asset classes
05
Market coverage
24/7
System uptime
99.9%

Simple.

We do not overcomplicate things. Every strategy, model, and system we run is reduced to the fewest parts that still do the job. Each extra part is another way to be wrong, another thing that can break, and another decision to second-guess when it matters most.

Information gets the same treatment. There is no reason to study 24 one-hour bars when a single bar carries the same information we actually need. If the simpler view answers the question, the extra detail is not insight. It is noise with better graphics.

Simple does not mean easy. It means everything unnecessary has been removed, and what remains has earned its place.

I

Proprietary capital only

We trade our own balance sheet. No outside money, no investment products, no customers. Ever.

II

Fail fast, learn always

We challenge ideas early and often. Every failed test gives us evidence to learn from, improve, and test again.

III

Risk before return

Limits are enforced in software, not by exception. No strategy outranks the controls that govern it.

Five asset classes. One standard.

We run systematic strategies across global markets.

01

Equities

Global single-name and index equities, traded across lit exchanges and dark pools.

US · Europe · APAC
02

Futures

Index, rate, and commodity futures traded over co-located connections to CME, ICE, and Eurex.

Indices · Rates · Commodities
03

Options

Volatility and directional strategies executed as multi-leg structures with automated hedging.

Equity · Index · Volatility
04

Foreign Exchange

Institutional liquidity across major, minor, and emerging-market pairs, through every session.

Majors · Minors · EM
05

Digital Assets

Spot and derivatives on the largest tokens: markets that never close, and infrastructure that doesn't either.

Spot · Perpetuals · Options

Built in-house, end to end

Our edge is engineered. Research, execution, risk: every system in the stack is proprietary and purpose-built.

Research platform

Designed, built, and maintained by our own engineers: market data, research tooling, high-fidelity simulation, and transaction-cost models.

Execution systems

Low-latency pipelines built and maintained in-house, connected directly to the venues we trade.

Risk engine

Real-time exposure monitoring, hard limits enforced in code, and automated kill switches at every layer.

Test early. Learn continuously.

01

Research

Quantitative researchers turn market observations into clear, testable hypotheses.

02

Fail fast

We pressure-test assumptions early with rigorous simulation, realistic costs, and strict out-of-sample testing.

03

Learn and improve

Every result, especially a failed test, becomes evidence we use to refine the idea or move on quickly.

04

Deploy with discipline

Only validated strategies reach production, with comprehensive monitoring, hard risk controls, and continuous review.

Work from anywhere. Compete everywhere.

Bars and Code is fully remote and deliberately small. We look for exceptional engineers, researchers, and traders who test boldly, learn openly, and improve quickly.

Introduce yourself

Engineering

Distributed systems, low-latency execution, market data infrastructure.

Quantitative Research

Statistical modeling, machine learning, strategy development.

Trading

Systematic execution, market microstructure, risk management.

Get in touch

We welcome serious inquiries from candidates and counterparties.

Location
Fully remote, globally distributed
Status
Trading active