Equity & Options Research Analyst (Event-Driven)

Chicago Trading Company; Chicago (IL); On-site; USD 200,000 - 225,000; Full time

Benefits offered by this job

Generous time off

Insurance coverage

Paid parental leave

Free breakfast and lunch

Wellness reimbursement

Job summary

Chicago Trading Company (CTC) in Chicago is looking for an equity analyst with at least 3 years of experience to analyze events affecting options pricing. The role involves conducting fundamental analysis and developing proprietary tools. CTC offers a salary range of $200,000 to $225,000 USD and a variety of employee benefits.

The ideal candidate will possess strong quantitative modeling skills and a deep understanding of corporate finance and options trading strategies.

Qualifications

• 3+ years of experience as an equity analyst.
• Deep understanding of options trading and corporate actions.
• Data-driven approach with quantitative modeling skills.

Responsibilities

• Analyze events and their impact on options pricing.
• Conduct fundamental analysis to find mispricing opportunities.
• Develop tools to identify event-driven opportunities.

Skills

Equity analysis

Corporate finance

Options pricing theory

Quantitative modeling

Event-driven strategies

Job description

Chicago Trading Company (CTC) is a premier proprietary trading firm specializing in options market making. Our collaborative culture fuels innovation in quantitative research, systematic trading strategies, and cutting-edge trading technology. For over three decades CTC has provided critical liquidity across derivatives exchanges worldwide - making them fairer, more transparent, and more efficient.

We strive to be the most innovative firm in the industry today, tomorrow, and long into the future while upholding ethical excellence. We believe that CTC makes a positive impact on the markets, the lives of our employees, and all the communities to which we belong. Started in 1995 by a team of forward-thinking Traders, we are proud to call ourselves an industry leader that keeps making markets and each other better.

We are seeking an Equities Research Analyst to join our Equities Options Market Making team. This role will focus on identifying and analyzing events such as earnings, dividends, macro events, and capital structure changes that may have an impact on options pricing across US equity markets. A successful candidate will work closely with options traders to capitalize on event-driven mispricing, corporate actions, and fundamental disconnects between equity distributions and options market pricing. This position requires real-time analysis and communication in a fast-paced trading environment with 24-hour market coverage.

What You’ll Do

• Identify, analyze and communicate the impact of events, earnings, dividends, macro events and capital structure changes on options pricing and trading strategies in real-time
• Conduct fundamental analysis on individual equities to identify mispricing opportunities relative to options market pricing, particularly around corporate actions, convertible bonds and earnings
• Develop proprietary tools and models to systematically identify event-driven and capital structure opportunities across global markets
• Build workflows for keeping track and communicating market-moving news and catalysts to traders
  
  

What We’re Looking For

• 3+ years of experience as an equity analyst, with focus on company and macro events, capital structure analysis, or options trading in a real-time environment
• Deep understanding of corporate finance, options pricing theory, and how corporate actions affect options Greeks and volatility surfaces
• Experience with event-driven strategies (merger arbitrage, spin-offs, dividend captures) and ability to quickly analyze earnings reports and SEC filings
• Data-driven approach with quantitative modeling skills; experience with volatility trading and cross-asset arbitrage
  
  

Compensation

The salary range for this role is listed below. This role is also eligible for an annual discretionary bonus. The discretionary bonus will be dependent upon the individual’s skills, experience, qualifications, and firm performance.

Salary Range

$200,000—$225,000 USD

Most teams at CTC, with the exception of Trading, follow a hybrid workplace model, subject to change based on business need.

Our Benefits

We strongly believe in the well-being of our employees and their families so we offer outstanding benefits to support you both professionally and personally. These benefits include generous time off, insurance coverage, paid parental leave, free breakfast and lunch (plus healthy snacks, of course), wellness reimbursement, and a variety of other benefits focused on providing the best employee experience.

(Disclaimer: interns and contractors are not eligible for benefits at CTC)

Our Commitment to Diversity, Equity and Inclusion

At CTC, we aim to cultivate a workplace that celebrates diversity and each person feels included, engaged and empowered. Where each of us feels we belong. We are committed to having a diverse workforce and are proud to be an equal opportunity employer. CTC does not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment.

If you have a disability and believe you need a reasonable accommodation in order to search for a job opening or to apply for a position, please contact us at [e-mail]. Note that emails sent to this email account for non-disability related issues, such as following up on an application, will not receive a response.

Use of Artificial Intelligence (AI)

Information submitted by job applicants may be subject to review and analysis by automated systems, including Artificial Intelligence (AI), as part of the recruitment process. Such systems are utilized to enhance the efficiency and effectiveness of our hiring procedures. Applicants are advised that any information provided may be evaluated by AI tools to ensure an equitable and thorough assessment.

Compensation

The salary range for this role is listed below. This role is also eligible for an annual discretionary bonus. The discretionary bonus will be dependent upon the individual’s skills, experience, qualifications, and firm performance.