US Equity Index Options Trader

DRW Holdings, LLC; Greater London; Hybrid; GBP 187,000 - 224,000; Full time

Benefits offered by this job

Group medical, dental, vision

401k with discretionary match

Disability insurance

Life and AD&D insurance

Health savings accounts

Flexible spending accounts

Job summary

DRW is seeking a US Equity Index Trader to join our US Options Trading team. You will actively trade US index and equity options, manage positions and risk, and refine pricing, execution, and risk management approaches.

We value autonomy, strong trading discipline, and deep knowledge of options theory and market microstructure. The role offers a competitive base salary and a comprehensive benefits package, with discretionary bonus eligibility.

Qualifications

• Experience in index options trading and US markets.
• Strong track record in trading and risk discipline.
• Solid understanding of options theory, volatility, and microstructure.

Responsibilities

• Actively trade US index and equity options, managing positions and risk.
• Analyze market flows, volatility, and microstructure to identify opportunities.
• Refine pricing, execution, and risk management approaches to improve performance.
• Conduct post-trade analysis to evaluate decisions and drive improvements.
• Develop tools, monitoring, and processes to enhance trading stability and scalability.
• Collaborate with risk management, researchers and developers during live trading.

Skills

Index options trading

US market exposure

Risk management

Options theory & volatility

Systematic/discretionary trading

Analytical thinking

Team collaboration

Learning mindset

Tools

Trading platforms

Job description

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus

We are seeking a US Equity Index Trader to join our US Options Trading team.

How you will make an impact

• Actively trade US index and equity options, managing positions and risk.
• Analyze market flows, volatility, and microstructure to identify and capture trading opportunities
• Refine pricing, execution, and risk management approaches to improve trading performance
• Conduct post-trade analysis to evaluate decisions, optimize strategies, and drive systematic improvements
• Contribute to the development of tools, monitoring, and processes that enhance trading stability and scalability
• Partner closely with risk management, researchers and developers during live trading and high-pressure situations

You will be right at home if you have

• Proven experience as an Index Options Trader, with exposure to US markets or similar equity derivatives
• Strong track record of trading performance and disciplined risk management
• Deep understanding of options theory, volatility, and market microstructure
• Comfortable trading both systematic and discretionary when required
• Calm under pressure, with the ability to quickly diagnose and act on trading problems
• Strong analytics, detail-oriented, and proactive in identifying improvements
• Strong communicator who thrives in a collaborative, team-based environment
• Passionate about markets, with a continuous drive to learn and improve

The annual base salary range for this position is $250,000 to $300,000 depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.

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