Amber Group: The Way of Institutional-level Encryption Asset Quantification Services
As of the first half of the year, Amber Group, an encrypted financial service institution, has executed more than 200 billion US dollars in transactions, and its asset management scale has reached 150 million US dollars. Quantitative trading, as the field that Amber Group has cultivated for many years, provides an important foundation for this achievement.
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Talent selection with equal emphasis on knowledge, experience and mentality
Quantitative trading, especially quantitative trading in the field of encrypted finance, is undoubtedly a knowledge-intensive field. This can be seen in the screening of quantitative trading talents of Amber Group. There are usually multiple rounds of interviews. In addition to the basic resume evaluation, knowledge and experience in computer programming, mathematical models, financial transactions, including encrypted finance, etc. will also be focused on.
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The core of division of labor and cooperation lies in the effective implementation of different strategies
Focusing on different divisions of labor, Amber Group's quantitative trading team cooperates in groups. The two larger groups are Proprietary Trading and Platform Trading. Proprietary trading mainly covers high-frequency strategies and some trend strategies; platform trading mostly provides support for fixed-income businesses, including providing support for related functions of the upcoming new version of Amber App; in addition, it is responsible for customized strategies and quantification Tool groups, etc., together form an efficient quantitative trading team.
In terms of group cooperation, Amber Group has built a basic framework for collaboration, including a unified trading system and a shared tool and strategy library. Within this framework, Amber Group adopts multi-strategy and multi-variety simultaneous transactions. Groups or individuals can still maintain relative independence and flexibility—some people focus on trend trading signals, some invest in high-frequency strategies, and some are deeply involved in statistical arbitrage. Each strategy is self-managed by its own responsible team, assessing opportunities and risks in real time and making constant adjustments. On this basis, various strategies are communicated frequently, and assets are efficiently deployed under the monitoring of the risk control system to meet the needs of different strategies in different cycles.
Such a collaborative system is even more advantageous in dealing with extreme market conditions. After experiencing many major market changes from 2017 to the present, Amber Group already has a relatively mature response plan and risk control system - most of the programs will automatically reduce leverage to a certain extent as the market changes, and some programs are larger or larger. More extreme fluctuations require human intervention. Taking the extreme market on March 12 as an example, the drop reached 50% within 24 hours. Some strategies could not keep up with such extreme changes and were artificially suspended, or problems were found in the rapid response mechanism, and they were reactivated after adjustment.
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7x24 non-stop service requires the scientific cooperation of machines and people
Amber Group realizes non-stop service from the following aspects.
First, machine execution. Amber Group relies on its technical accumulation, and most of its strategies are programmatic transactions, so as to ensure uninterrupted, emotion-free, and constant execution.
Second, risk control and early warning. The ever-growing risk control system is an effective supplement to the algorithm. It will send necessary early warning prompts to traders when the machine routinely executes transactions.
Third, collaboration across time zones. In terms of working hours, the North American trading team of Amber Group can achieve a seamless relay after the early hours of Asian time. It ensures that early warning information or customer feedback can always be received in a timely manner, and teams in South Korea and other regions also cooperate.
Fourth, the duty system. According to Amber Group's past experience, many market fluctuations occurred during holidays. Therefore, through the on-duty system, it is ensured that no matter the special situation encountered during the Chinese New Year or Christmas, it will be properly resolved.
Amber Group has always been committed to serving global users with innovative technology, combining artificial intelligence, big data, blockchain and other high-tech with sophisticated quantitative research, applying it to the encrypted financial ecology, and helping global users to integrate into smart encryption more efficiently and flexibly financial world, and continue to create long-term value for it.
