Quantitative Equity Options Dispersion Trader

Trading Interview; Greater London; Hybrid; GBP 150,000 - 230,000; Full time

Job summary

DRW in London seeks a highly motivated Quantitative Trader for the Equity Options team, focusing on dispersion strategies in US and European markets. You will develop and optimize systematic and discretionary strategies, working with technologists, researchers, and traders.

You will design dispersion trades, analyze volatility surfaces, and monitor risk, leveraging Python/C++ and large data to improve forecasting and execution.

Qualifications

• Strong academic background in a quantitative field.
• Experience trading equity options in US and/or European markets.
• Solid understanding of options theory and pricing.

Responsibilities

• Develop and manage quantitative trading strategies in US and EU equity options.
• Design dispersion trades and capture relative value.
• Analyze volatility surfaces, correlations, and cross-asset links.
• Monitor risk exposures including vega, gamma, and tail risks.
• Collaborate with developers to build trading infra and execution systems.
• Leverage AI/LLMs to improve opportunity spotting.
• Refine models using large datasets to forecast implied vs realized volatility.
• Respond to market events and adjust positions in real time.
• Contribute to research on new products and markets.

Skills

Quantitative analysis

Options trading

Python

C++

Statistics

Big data

Fast-paced environment

Education

Advanced degree in Math/Physics/CS

Tools

NumPy

Pandas

Job description

DRW in London seeks a highly motivated Quantitative Trader for the Equity Options team, focusing on dispersion strategies in US and European markets. You will develop and optimize systematic and discretionary strategies, working with technologists, researchers, and traders.

You will design dispersion trades, analyze volatility surfaces, and monitor risk, leveraging Python/C++ and large data to improve forecasting and execution.