Proprietary capital only
We trade our own balance sheet. No outside money, no investment products, no customers. Ever.
Proprietary Principal Trading
Disciplined capital.
Engineered execution.
Bars and Code is a proprietary trading firm. We trade our own capital in global markets, with strategies grounded in quantitative research and executed by purpose-built systems. No outside investors, no clients, no managed money.
- Proprietary capital
- 100%
- Asset classes
- 5
- Market coverage
- 24/7
- System uptime
- 99.9%
01 / The Firm
Independent by design
We are engineers who trade and traders who build, risking only our own capital. That structure keeps incentives clean, decisions fast, and discipline absolute.
Every strategy we run begins as a research question and ends as production software. Researchers and engineers work side by side, so the distance between an idea and a live, risk-controlled position is measured in weeks, not quarters.
Because we have no clients and accept no outside investment, we are accountable only to our own risk standards, and we hold them deliberately high. Capital preservation is not a department here. It is the operating system.
Quantitative rigor
Every position is the output of a researched, backtested, and continuously monitored systematic process.
Risk before return
Limits are enforced in software, not by exception. No strategy outranks the controls that govern it.
02 / Markets
Five asset classes. One standard.
We run systematic strategies across global markets, with infrastructure tuned to the microstructure of each venue we trade.
Equities
Global single-name and index equities, with smart order routing across lit and dark venues.
Futures
Index, rate, and commodity futures traded over co-located connections to CME, ICE, and Eurex.
Options
Volatility and directional strategies executed as multi-leg structures with automated hedging.
Foreign Exchange
Institutional liquidity across major, minor, and emerging-market pairs, through every session.
Digital Assets
Spot and derivatives on the largest tokens: markets that never close, and infrastructure that doesn't either.
03 / Technology
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
Petabyte-scale market data, high-fidelity simulation, and transaction-cost models calibrated to live conditions.
Execution systems
Low-latency pipelines with sub-millisecond decision paths and intelligent order routing across venues.
Risk engine
Real-time exposure monitoring, hard limits enforced in code, and automated kill switches at every layer.
04 / Approach
From hypothesis to production
Research
Quantitative researchers mine global datasets for persistent, explainable market anomalies.
Validation
Candidate strategies must survive rigorous historical simulation, realistic cost models, and strict out-of-sample testing.
Deployment
Strategies ship as fault-tolerant production software with comprehensive monitoring and controls.
Oversight
Live performance is measured against expectation daily. Strategies that drift are cut without sentiment.
05 / Careers
Work from anywhere. Compete everywhere.
Bars and Code is fully remote and deliberately small. We look for exceptional engineers, researchers, and traders who want ownership of hard problems and a direct stake in the results.
Introduce YourselfEngineering
Distributed systems, low-latency execution, market data infrastructure.
Quantitative Research
Statistical modeling, machine learning, strategy development.
Trading
Systematic execution, market microstructure, risk management.
06 / Contact
Get in touch
We welcome serious inquiries from candidates and counterparties. Every message is read by someone who can act on it.
- info@barsandcode.com
- Location
- Fully remote, globally distributed
- Status
- Trading active