Product Manager / Director, Institutional Liquidity & Growth

As a Senior Institutional Liquidity Product Manager at OKX, you own the management and improvement of liquidity across OKX's spot, margin, futures, perpetual swap and options markets. You work closely with institutional traders, market makers, HFT firms and quantitative teams to identify liquidity gaps and develop market-structure, product and commercial solutions that improve execution quality and market competitiveness. This is a strategic and hands-on role combining market microstructure expertise, quantitative analysis, product delivery and commercial ownership.

What you'll do

• Analyse institutional client needs, market-maker and HFT trading behaviour, market trends, competitor liquidity, fee structures, order types and liquidity programmes to identify opportunities for differentiation
• Own the liquidity product roadmap across spot, margin, futures, perpetual swaps and options, including monitoring capabilities, order types, market structure, maker protection and liquidity improvement initiatives
• Translate quantitative analysis and institutional trading requirements into clear product specifications and solutions, working closely with Quant, Data, Engineering, Matching Engine, Risk and Relationship Manager teams to deliver scalable solutions from problem definition through launch
• Define targets, baselines, guardrails and post-launch measurement for each liquidity initiative, use controlled or phased rollouts where appropriate, evaluate causal impact and ROI, and continuously adjust the roadmap based on data and client feedback
• Understand participants' market-making, hedging, arbitrage, inventory-risk and latency-sensitive strategies, and translate these needs into product and programme requirements
• Partner with Institutional Relationship Management teams to onboard and engage liquidity providers, communicate product and programme changes, gather structured feedback and improve participation in priority markets

What you bring

• Proven experience in liquidity management, electronic trading or market structure within a crypto or traditional exchange, market maker, HFT firm, proprietary trading firm, quantitative fund or institutional trading platform
• Strong understanding of institutional and HFT trading strategies, including market making, cross-venue arbitrage, price discovery, hedging, inventory and risk management, adverse selection, toxic flow and latency-sensitive execution
• A quantitative background in mathematics, statistics, computer science, financial engineering or a related field
• Hands-on ability with SQL and Python, with experience analysing large-scale order-book, order and trade data
• Deep knowledge of market microstructure, order books, matching, tick size, maker/taker economics, order types, execution quality and liquidity dynamics across spot and derivatives
• Front-to-back knowledge of crypto, FX, equities, fixed income or listed derivatives, with the ability to apply that knowledge to new products and market structures
• Strong product execution and stakeholder-management skills, with the ability to drive cross-functional delivery across Quant, Data, Engineering, Risk, Finance, Sales and Operations from problem definition to measurable outcome
• Ability to communicate credibly with traders, quants, engineers, senior executives and external partners
• Fluency in English and Mandarin

Nice to have

• Experience with Level 2 or Level 3 market data

What we offer

• Competitive total compensation package
• L&D programs and education subsidy for employees' growth and development
• Various team building programs and company events
• Wellness and meal allowances
• Comprehensive healthcare schemes for employees and dependants

About OKX

OKX is a leading crypto exchange and developer of OKX Wallet, giving millions access to crypto trading and decentralized applications. OKX is trusted by hundreds of large institutions seeking access to crypto markets and is backed by Proof of Reserves. Part of OKG, a group bringing blockchain value to users worldwide through products including OKX, OKX Wallet and OKLink.

OKX prioritises applicants who have a current right to work in Hong Kong and do not require visa sponsorship. Hong Kong is a group-level service hub, and OKX does not operate a virtual asset trading platform in Hong Kong.