How Does Kronos Research Achieve World-Class Performance?

Kronos Research is headquartered in Taiwan and operates an office in Singapore while supported by colleagues worldwide and delivers premier services to its institutional partners worldwide. At Kronos Research, talent and technology are the cornerstones. The company promotes open collaboration and a problem-solving approach and embraces an American-style work culture. Kronos Research fosters an environment where partners at every level trust each other, feel comfortable asking questions and solve problems collectively and swiftly. Unlike traditional top-down management, Kronos Research supervisors serve as advisors, addressing diverse needs to enhance productivity in each role. We aspire to see this industry flourish not only in Taiwan but worldwide, offering young and talented individuals an international platform to showcase their skills and excel.

A Glimpse into Quantitative Trading Technology and Teams 

As a world-leading quantitative trading firm, our quantitative trading technology and teams are what we pride ourselves on. The primary distinction between high-frequency trading and conventional market-known trading lies in automation. Traditional trading methods involve manual decision-making based on market information, whereas high-frequency trading automates these decisions through programmed algorithms. High-frequency trading focuses on short-term market fluctuations, swiftly making buy or sell decisions based on pre-trained statistical models. Behind substantial returns, this approach integrates various disciplines: data science, statistics, machine learning, low-level system optimisation, and distributed systems.

Let’s explore the roles each team plays in the trading process through this diagram:

The process of high-frequency trading begins with the Market Data Parser continuously collecting historical data from exchanges. This data is then used by Alpha Modelling to train models capable of predicting short-term market movements in the future. Next, the Trading Team develops strategy programs and applies suitable Alpha models based on strategy requirements. Infra Team executes the Orders placed with exchanges via ultra-low-latency trading programs. Below is an introduction to each role:

• Market Data Parser (Data Team): As a data-driven industry, high-frequency trading relies heavily on comprehensive and highly accurate data for training purposes. Kronos Research operates hundreds of servers in over ten global data centres, continuously recording quotes from exchanges 24/7. The data team employs cloud distribution and automation technologies to ensure stable data flows, managing over 10TB of data daily.
• Alpha Modeling (Alpha Team): In investment markets, "Alpha" represents returns exceeding the market average, with "Alpha Models" predicting future market movements. The Alpha Team utilises statistical and machine learning methods to identify predictive indicators in markets and describe them programmatically using mathematical models for subsequent strategy application.
• Position Management (Trading Team): Kronos Research boasts multiple trading teams, each responsible for different strategies such as market-making, arbitrage, spreads, and momentum trading. These teams select appropriate Alpha Models to predict market behavior, optimizing current trading actions (buying, selling, or holding) to maximize capital utilization.
• Order Execution (Infra Team): Once trading strategies are decided, instructions are sent to exchanges via ultra-low-latency programs. Order logic and management fall under the Infra Team’s domain, programmed primarily in C++ for foundational optimisations.
• Risk Management (Apps Team / Risk Team): High-frequency trading necessitates comprehensive risk control to prevent unexpected losses. The Risk Team establishes automated check mechanisms for various risks, while the Apps Team develops automated tools for real-time monitoring.

 

To optimise network latency across various cloud data centres hosting exchanges, Kronos Research deploys servers globally in more than ten data centres. These services, operational 24/7, rely on the High-Performance Computing Team’s expertise to ensure uninterrupted service. Each team’s role in this process is crucial, underscoring the importance of excellence in every aspect to compete in this world-class arena. This emphasis on technology and talent is why Kronos Research excels.

The office features a bright and open design, creating a comfortable workspace for the team at one of the world's top five cryptocurrency quantitative trading firms to conduct strategic research, reflection, and learning.

Kronos Research has evolved into a robust and talented team, starting with just two individuals. At the end of last year, Kronos moved to a new, larger office spanning 600 square meters. Kronos Research prioritises its people, offering a premier platform and environment for talent to achieve their dreams and deliver world-class results. We provide industry-leading salaries, substantial bonuses, regular internal training, Happy Hour gatherings, and celebratory events to recognise and reward our team.

 

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