Equity Options Quant Trader

Hedge Fund; Chicago (IL); On-site; USD 90,000 - 130,000; Full time

Job summary

A leading trading firm in Chicago is looking for an algorithmic trader to develop and implement innovative trading strategies in equities and options. The ideal candidate will possess a Bachelor’s degree, a proven track record of strategy profitability, and proficiency in Python and SQL. The role involves enhancing trading operations and conducting extensive post-trade analysis. Competitive spirit and strong problem-solving skills are essential. Join a dynamic environment focused on financial markets and trading excellence.

Qualifications

• Bachelor’s degree in a related field; advanced degrees are a plus.
• Proven track record to detail the profitability of your strategies.
• Experience in decision-making and risk management.

Responsibilities

• Develop and execute new automated trading strategies.
• Enhance trading operations in collaboration with the technology team.
• Conduct post-trade analysis and perform portfolio performance reviews.

Skills

Passion for financial markets

Strong problem-solving skills

Effective communication

Proactive ownership

Education

Bachelor's degree in a related field

Tools

Python

SQL

Statistical modeling

C++

Java

Job description

Prop Trading firm is seeking an algorithmic trader to generate and implement new trading strategies for single name equities and options. The firm trades across various frequencies in equities, commodities, crypto, and fixed income markets.

Responsibilities

• Develop and execute new automated trading strategies including identifying opportunities, testing their validity, and building necessary infrastructure for production.
• Enhance trading operations in collaboration with the technology team by expanding and maintaining internal tools.
• Conduct post-trade analysis and perform portfolio performance reviews across strategies.

Skills and Competencies

• A passion for financial markets, a competitive mindset, and an entrepreneurial spirit.
• Strong problem-solving skills, multitasking abilities, and a proactive approach to ownership.
• Comprehensive understanding of trading metrics, environments, and market behavior to make informed decisions.
• Effective communication and the ability to thrive in an individual or team-oriented environment.

Qualifications

• Bachelor’s degree in a related field; advanced degrees are a plus.
• A proven track record to detail the profitability of your strategies.
• Proficiency in Python, SQL, and statistical modeling. C++ and/or Java is a plus.
• Experience in decision-making and risk management.