Key Takeaways
- • Databento received approximately 2,000 applications for 20 vacancies, according to a report by eFinancialCareers, after targeting quantitative professionals from hedge funds and proprietary trading firms.
- • Founder and CEO Christina Qi advertised the roles during last week's hedge fund market turmoil, specifically encouraging applications from employees of multistrategy hedge funds.
- • Qi described the volume of applications as relatively typical given current employment market conditions, following an earlier round that drew approximately 20,000 applications for five positions.
- • Market losses have prompted several hedge fund managers to reduce investment teams and capital allocations, while electronic market makers such as Jane Street and Citadel Securities have shown greater resilience.
- • Databento, founded in 2020 and providing market data infrastructure, raised $97m in Series B financing in July to support its expansion.
Summary
Databento has received approximately 2,000 applications for 20 vacancies, according to a report by eFinancialCareers, highlighting intense competition for quantitative roles after recent market volatility. The market data infrastructure provider targeted professionals from hedge funds and proprietary trading firms during a period of hedge fund market turmoil, with founder and chief executive Christina Qi specifically encouraging applications from employees at multistrategy hedge funds.
Qi said the applications came predominantly from hedge funds and proprietary trading firms, alongside candidates from investment banks, fintech companies, cryptocurrency businesses and independent trading operations. She described the volume as relatively typical given current employment market conditions. The company offers remote and flexible working arrangements and already employs former professionals from Citadel, Two Sigma, Tower Research, Flow Traders and Susquehanna International Group.
The recruitment drive takes place against a difficult backdrop for parts of the hedge fund industry, where market losses have prompted several managers to reduce investment teams and capital allocations. Electronic market makers including Jane Street and Citadel Securities have demonstrated greater resilience, contributing to diverging employment prospects across the quantitative trading sector.
Databento, founded in 2020, provides market data infrastructure to trading firms and financial institutions. The company raised $97m in Series B financing in July to support its expansion. The latest figures follow an earlier hiring round in which the company received approximately 20,000 applications for five positions, underscoring sustained competition for roles across financial technology and quantitative trading businesses.
Qi said the applications came predominantly from hedge funds and proprietary trading firms, alongside candidates from investment banks, fintech companies, cryptocurrency businesses and independent trading operations. She described the volume as relatively typical given current employment market conditions. The company offers remote and flexible working arrangements and already employs former professionals from Citadel, Two Sigma, Tower Research, Flow Traders and Susquehanna International Group.
The recruitment drive takes place against a difficult backdrop for parts of the hedge fund industry, where market losses have prompted several managers to reduce investment teams and capital allocations. Electronic market makers including Jane Street and Citadel Securities have demonstrated greater resilience, contributing to diverging employment prospects across the quantitative trading sector.
Databento, founded in 2020, provides market data infrastructure to trading firms and financial institutions. The company raised $97m in Series B financing in July to support its expansion. The latest figures follow an earlier hiring round in which the company received approximately 20,000 applications for five positions, underscoring sustained competition for roles across financial technology and quantitative trading businesses.
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