Databento Gets 2,000 Applications for 20 Jobs
The market data firm drew heavy interest from hedge fund and trading professionals during recent market turmoil.
Updated on Nov. 11, 2026 in Job Search
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Databento received approximately 2,000 applications for 20 vacancies after advertising the positions during last week's hedge fund market turmoil. The firm specifically encouraged applications from employees at multistrategy hedge funds and offers remote and flexible working arrangements.
Why it matters
Market losses prompted several hedge fund managers to reduce investment teams and capital allocations, leaving skilled quantitative professionals looking for new roles. The response suggests strong demand for talent with trading and quantitative experience at firms that supply market data infrastructure.
Databento received about 2,000 applications for 20 positions, a ratio of roughly 100 applicants per opening, down from about 20,000 applications for five roles in an earlier round. The firm raised $97m in Series B financing in July, and the outcome of the current hiring round has not been disclosed.
The players
Databento
Founded in 2020, Databento provides market data infrastructure to trading firms and financial institutions, and employs former professionals from Citadel, Two Sigma, Tower Research, Flow Traders and Susquehanna International Group.
Christina Qi
Christina Qi is the founder and chief executive of Databento, and she advertised the positions during the recent hedge fund market turmoil.
The details
Databento advertised the positions during last week's hedge fund market turmoil and specifically targeted quantitative professionals from hedge funds and proprietary trading firms. Applications came mainly from hedge funds and proprietary trading firms, with others from investment banks, fintech companies, cryptocurrency businesses and independent trading operations.
Timeline
July: Databento raised $97m in Series B financing.
Last week: Databento advertised the open positions during hedge fund market turmoil.
Market Landscape
The hedge fund cutbacks that followed recent market losses have released experienced quantitative staff into the job market. Databento's applicant surge shows that firms supplying market data infrastructure are competing for the same talent pool that hedge funds are shedding.
For quantitative professionals at hedge funds and proprietary trading firms, the demand shown here indicates that skills in market data and trading infrastructure are currently in high demand. Remote and flexible working arrangements offered by employers in this segment may widen the range of roles available to job seekers.
The takeaway
Professionals in quantitative trading roles should track hiring activity at data and infrastructure firms, since these employers are actively recruiting experienced talent during periods of hedge fund retrenchment. Reviewing how your current skills map to market data and trading technology can help you position yourself for openings that offer flexible working options.
Further reading
Explore more reporting in the Job Search section for context on hiring trends in finance and trading.
Source note: This article includes information reported by Hedgeweek.
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