Proprietary capital only
We trade our own balance sheet. No outside money, no investment products, no customers. Ever.
Proprietary Principal Trading
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
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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.
We trade our own balance sheet. No outside money, no investment products, no customers. Ever.
We challenge ideas early and often. Every failed test gives us evidence to learn from, improve, and test again.
Limits are enforced in software, not by exception. No strategy outranks the controls that govern it.
We run systematic strategies across global markets.
Global single-name and index equities, traded across lit exchanges and dark pools.
Index, rate, and commodity futures traded over co-located connections to CME, ICE, and Eurex.
Volatility and directional strategies executed as multi-leg structures with automated hedging.
Institutional liquidity across major, minor, and emerging-market pairs, through every session.
Spot and derivatives on the largest tokens: markets that never close, and infrastructure that doesn't either.
Our edge is engineered. Research, execution, risk: every system in the stack is proprietary and purpose-built.
Designed, built, and maintained by our own engineers: market data, research tooling, high-fidelity simulation, and transaction-cost models.
Low-latency pipelines built and maintained in-house, connected directly to the venues we trade.
Real-time exposure monitoring, hard limits enforced in code, and automated kill switches at every layer.
Quantitative researchers turn market observations into clear, testable hypotheses.
We pressure-test assumptions early with rigorous simulation, realistic costs, and strict out-of-sample testing.
Every result, especially a failed test, becomes evidence we use to refine the idea or move on quickly.
Only validated strategies reach production, with comprehensive monitoring, hard risk controls, and continuous review.
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 yourselfDistributed systems, low-latency execution, market data infrastructure.
Statistical modeling, machine learning, strategy development.
Systematic execution, market microstructure, risk management.
We welcome serious inquiries from candidates and counterparties.