Head of Derivatives Product

About The Role

Key Responsibilities

• Define the complete product specification for v1: instrument design (expiries, strike intervals, tick sizes, contract multipliers, settlement currency), trading rules, and fee structure.
• Own the product roadmap from MVP (isolated margin, weekly and monthly expiries) through v2 (portfolio margin, multi-leg strategies, combos and spreads).
• Translate the quant team s risk methodology (mark price, IV surface, liquidation logic) into clear, publishable product documentation and trading rules.
• Design the trader experience in partnership with frontend engineering: options chain layout, Greeks dashboards, position management, strategy builder.
• Benchmark continuously against leading crypto options venues; identify gaps and differentiation opportunities.
• Define settlement procedures, expiry calendars, and corporate-event handling (index disruptions, exchange outages on reference venues).
• Work with the Market Maker Relationship Lead to shape maker/taker fee tiers, block trade facilities, and RFQ functionality.
• Own regulatory and compliance product requirements in coordination with legal counsel (jurisdictional eligibility, KYC tiers, position limits).
• Define and track success metrics: open interest, daily volume, bid-ask spreads, active traders, liquidation rates.
• Run beta programs with anchor clients; convert client feedback into a prioritized backlog.