TMGM Group is hiring a Senior or Lead Crypto Quant Trader, a move that strongly suggests the broker is laying the groundwork for crypto perpetual futures trading within its ecosystem. According to the job description, the role will focus on building a full in-house market-making stack for crypto perpetuals, including pricing and quoting engines, execution logic, order management systems, and exchange connectivity.
The hire goes beyond simple product support. Responsibilities include implementing funding-rate-aware quoting, systematic hedging strategies, and real-time risk monitoring—hallmarks of a professional, internal trading desk rather than a passive brokerage setup. For retail traders, this raises the possibility that TMGM could eventually offer crypto perpetuals either directly or as part of an expanded CFD product suite.
Why crypto perpetuals matter for retail traders
Crypto perpetuals, or “perps,” are among the most actively traded crypto derivatives globally. Unlike traditional futures, they have no expiry date and rely on funding rates to keep prices aligned with spot markets. These instruments are popular with both professional and retail traders due to their deep liquidity, 24/7 availability, and high leverage.
For a CFD-focused broker like TMGM, adding crypto perps would represent a strategic extension beyond spot-linked crypto CFDs. It would allow traders to express directional views on digital assets more efficiently, while giving the broker greater flexibility in pricing, risk management, and internal liquidity provisioning.
Investor Takeaway
Part of a wider shift toward in-house market making
TMGM’s move mirrors a broader industry trend. Crypto-native platforms such as Crypto.com have increasingly built internal market-making teams to trade on their own venues, rather than relying solely on external liquidity providers. This approach allows tighter spreads, better control over risk, and faster iteration of new products—but it also raises questions around transparency and market neutrality.
In the CFD brokerage space, similar patterns are emerging. Brokers are seeking greater control over execution and pricing as crypto becomes a core asset class rather than a peripheral offering. TMGM’s focus on funding-rate modeling and systematic hedging suggests it is taking a sophisticated, institutional-style approach to crypto market making.
How this fits into TMGM’s broader strategy
Founded in 2013 and headquartered in Sydney, TMGM has built a global multi-asset CFD business spanning Forex, Shares, Commodities, Indices, and Futures. The firm employs more than 500 staff across three continents and maintains a strong brand presence, including its role as Chelsea FC’s Official Regional Online Forex and Trading Partner in Asia-Pacific.
Expanding into crypto perpetuals would align with TMGM’s trajectory toward more advanced derivatives. Rather than simply listing additional instruments, the firm appears to be investing in infrastructure that could support continuous pricing, internal risk warehousing, and scalable crypto liquidity.
Investor Takeaway
How competitors are moving in crypto
TMGM is not alone. Several established brokers are deepening their crypto exposure. FxPro, which previously offered crypto CFDs, has been building a dedicated crypto trading desk, with a Senior Crypto Manager role focused on execution and risk. Hantec Markets and XTB have also expanded digital asset offerings, introducing 24/7 crypto CFD trading, tighter spreads, and plans to list additional tokens, including smaller-cap cryptocurrencies.
At the same time, the boundary between crypto and traditional FX infrastructure is blurring. Crypto prime broker FalconX recently announced the launch of an FX desk in London, offering liquidity in major fiat pairs such as USD, EUR, and GBP to crypto firms and exchanges. The desk, led by former BCB Group executives, highlights how crypto-focused firms are moving into traditional markets—just as traditional brokers are moving deeper into crypto.
What comes next for TMGM and retail crypto traders?
While TMGM has not formally announced a crypto perpetuals product, the scope of the quant role suggests more than exploratory interest. Building proprietary pricing, execution, and risk systems is typically a prerequisite for launching perps at scale.
If TMGM proceeds, retail traders could gain access to crypto perpetuals within a familiar CFD-style environment, potentially combining the leverage and flexibility of perps with broker-level controls and compliance frameworks. As competition intensifies, execution quality, transparency, and risk safeguards will likely become key differentiators.
For now, the hire itself is the clearest signal: TMGM is positioning for a deeper role in crypto derivatives as the line between CFD brokers and crypto-native venues continues to fade.