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Founding Principal Hardware Engineer

PAX Markets· Engineering
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Hybrid (Redwood City, CA)$200k - $225kFull-timePosted 11mo ago

About the role

Lead the design and in-production implementation of an exchange and co-located trading facility on a single silicon device, driving the core technology and future design directions for PAX Markets.

Responsibilities

  • Lead the design and in-production implementation of an exchange and co-located trading facility on a single silicon device.
  • Lead development of PAX core technology and set future design directions.

Qualifications

  • 3+ years experience in hardware engineering (implied from role)
  • Experience in high frequency trading or exchange environments (encouraged)
  • Strong system-level design experience in FPGA/ASIC contexts
  • Background in SystemVerilog, FPGA/ASIC design, Rust and/or C++ (as applicable to role)
  • Curiosity and ability to learn; passion for trading and markets

Skills

Required:SystemVerilogFPGA or ASIC designRust and/or C++HFT
Nice to have:Protobuf
Last updated Sep 30, 2026. Interested? Apply on the company site.
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About PAX Markets

Exchange and co-located trading facility, on a chip.

PAX is a new crypto exchange and is the first – in all capital markets – to operate from a single chip rather than an entire datacenter. PAX moves traders to within nanometers of the exchange – closer than ever before possible. Such proximity unlocks unprecedented value to high frequency customers and PAX shares this value by offering zero-fee with cash-back to every other market participant on every trade. PAX is to exchange as Robinhood was to retail brokerage: the first in the industry to “go to zero” and a complete game changer across every asset and geography. PAX founders, Pete and Ben have spent years working as high-frequency traders, from crypto to traditional markets. Having directly experienced the benefit of electronic trading, they share a belief in its potential to further evolve and create better global markets.

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