KHA stands for “Know-How Assessment”.

For the ATSR who join the Partnership that comes with a small start-up capital in the MSA, it can be difficult to rely on the ATSR Fee to put food on the plate in the beginning. But as a newly employed ATSR, you have the benefit of base pay. The catch is that you must still strive to survive 3 to 6 months of Know-How Assessment Probationary Period working for Eon Labs Ltd..

ATSR who choose KHA Probationary Period can choose either full-time or flextime employment. The former is paid in monthly wage and the latter is paid in hourly wage during Probationary Period.

🏕️ Live Outside Canada

For individuals who do not reside in Canada, please refer to the following link: https://docs.google.com/document/d/1hjH_3T6YSZjlnE1xTVhCofkoa5MSniVEnaa7Pat5SgU/edit?usp=sharing. Presently, we are unable to employ individuals who reside outside of Canada. However, we can offer independent contractor positions.

🪢 Terms in the ‣

The Employer and the Employee will sign a confidentiality agreement so that the Employer will not to disclose, transfer, use or derive directly or indirectly gain of any sorts from the Employee's Intellectual Property if the Employer rates the information that the Employee shares unfavorably.

The Employee agrees to go through the KHA Probationary Period in four stages:

  1. The first stage may take up to three (3) days. The Employee's Know-How ("EKH") will be reviewed, including but not limited to the proprietary ideas, algorithms, and codes that form the basis of the Employee's backtesting framework and data used to generate the simulated backtesting results reviewed during the hiring process. The Employee must explain the EKH in detail to the Employer. If the Employer rates the EKH unfavorably, they are entitled to terminate the Employee's employment without notice. If the EKH disclosed so far is rated favorably by the Employer, the second stage will begin.
  2. Second stage may take up to seven (7) days. In addition to the continuation of what's done in the first stage, the Employee is responsible for trading a designated managed sub-account ("MSA"). The trading system must demonstrate robustness in live trading and its signals synchronous with backtesting ones. If the Employer rates the EKH or the synchronicity unfavorably, the Employer is entitled to terminate the Employee's employment without notice; but if rated favorably, the third stage will be assumed.
  3. Third stage may end before your first full month of employment ends. In addition to the continuation of what's done in the first stage and the second stage, the MSA trading performance will be monitored closely. The performance matrices used includes the Worst-But-Unfailing key performance metrics ("WBUF") as defined by but not limited to the Investment Time Horizon ("ITH"), the Minimum Rolling Trade Frequency ("MRTF"), the Trailing Maximum Acceptable Drawdown ("TMAD") and the Trailing Minimum Acceptable Excess Gain ("TMAEG"). If the Employer rates the EKH, the synchronicity or the trading performance of the Employee's MSA unfavorably, the Employer is entitled to terminate the Employee's employment without notice; but if rated favorably, the fourth stage will be assumed.
  4. Fourth stage may end before the Employee's first sixth month of employment ends. In addition to the continuation of what's done in the first stage, the second stage and the third stage, the Employee is responsible for furnishing the risk management aspect of MSA and integrating them to the Employer's system backend, including but not limited to monitor, alert and auto-liquidate all positions when WBUF matrices, such as TMAD, are close to or being violated.

ALTERNATIVELY if the Employee chooses flextime employment, the statement highlighted in GREEN above is change to: “the Employer is entitled to terminate the Employee's employment without notice and with payment to the Employee according to the time and work-done logged on Jira and by TimeDoctor.”

🪢 Terms in the ‣

The “Additional Provisions” section in the agreement states: “This agreement shall become valid and binding only upon the satisfaction of the following condition(s): the Confidential Information is rated by the Recipient unfavorably as detailed in the EMPLOYMENT CONTRACT agreed and signed by the Information Provider and the Recipient, where the Recipient is also the Employer stated in the EMPLOYMENT CONTRACT who is responsible for reviewing and rating of the Confidential Information. Until such time as the condition(s) has/have been satisfied, this agreement shall have no force or effect.”

In other words, ATSR has nothing to lose in terms of intellectual property by taking a chance on the KHA Probationary Period.