Graduate Quantitative Trader

Edgehog Trading; Chicago (IL); On-site; USD 126,000 - 154,000; Full time

Benefits offered by this job

Health, dental, vision insurance (prem

401(k) with company match

Unlimited PTO

Free lunch & snacks

Team events in Chicago

Job summary

Edgehog Trading is a Chicago-based proprietary trading firm focused on electronic options market making. You will complete a comprehensive 4-month training program covering options theory, quantitative modeling, and on-desk trading, then transition to live trading with mentorship.

Throughout, you will design and optimize systematic trading strategies, analyze market microstructure, and manage real-time risk across a diversified options portfolio, shaping the firm's growth with your contributions.

Qualifications

• Enrolled in final year (BA/BS/MS/PhD) in a quantitative or tech field.
• Exceptional attention to detail and strong analytical abilities.
• Excellent quantitative and analytical skills; able to solve complex problems.
• Willing to take on responsibility with high operational excellence.
• Proficient in Python; pandas/NumPy/SciPy familiarity is a plus.
• Experience with AI agents for task automation is a plus.

Responsibilities

• Complete a comprehensive 4-month training covering options theory, quantitative modeling, systematic trading, and on-desk trading.
• Design, research, and optimize systematic options trading strategies using quantitative methods.
• Analyze market microstructure and execution quality to improve strategy performance.
• Manage real-time risk across a diversified options portfolio.
• Work hands-on with proprietary trading systems, models, and infrastructure.
• Gradually transition into live trading with mentorship and support.

Skills

Python

Quantitative analysis

Attention to detail

High responsibility

Education

Bachelor’s/Master’s/PhD in CS, Data Science, Engineering, Mathematics, Economics, Statistics, Finance, Physics or related field

Tools

pandas

NumPy

SciPy

Job description

Edgehog Trading is a proprietary trading firm specializing in electronic options market making. We take a technology-driven approach, designing and operating automated, scalable systems to provide liquidity across markets.

Our team spans trading, engineering, and business operations, working together to build and support the systems that power the firm. We emphasize data-driven decision making, rigorous problem solving, and continuous improvement to navigate complex and evolving markets.

We operate in a highly collaborative environment where ideas can move quickly from concept to implementation, and where individuals are empowered to take ownership and contribute directly to the firm’s growth.

What you'll do:

• Complete a comprehensive 4-month training program covering options theory, quantitative modeling, systematic trading strategies, and on-desk trading
• Design, research, and optimize systematic options trading strategies using quantitative analysis and statistical methods
• Analyze market microstructure and execution quality to identify opportunities and improve strategy performance
• Manage real-time risk across a diversified portfolio of options positions
• Work hands-on with our proprietary trading systems, models, and infrastructure
• Gradually transition into live trading responsibilities with senior mentorship and ongoing support

Qualifications and skills:

• In your final year of study toward a BA, BS, MS, or PhD in Computer Science, Data Science, Engineering, Mathematics, Economics, Statistics, Finance, Physics, or a related field
• Exceptional attention to detail
• Excellent quantitative and analytical skills
• Ability to take on significant responsibility quickly while maintaining a high degree of operational excellence
• Strong Python programming skills; familiarity with libraries such as pandas, NumPy, or SciPy is a plus
• Experience using AI agents to automate tasks and workflows is a plus

Why Edgehog:

• Small team advantage: Direct access to founders and senior team members from day one
• Ownership early: Manage real P&L and make meaningful impact within your first year
• Cutting-edge tech: Work with our proprietary models and low-latency trading systems built in-house
• Tight feedback loops: Bi-weekly 1-on-1s with your mentor, quarterly reviews with leadership
• Chicago-based: Affordable cost of living, vibrant trading community
• Comprehensive health, dental, and vision insurance with premiums 100% covered by the firm
• 401(k) with a 4% company match
• Unlimited paid time off and sick leave
• Free lunch, coffee, drinks, and snacks
• Monthly happy hours and annual team events

The base salary range for this position is listed below. Base salary represents just one part of overall compensation; all full-time, permanent roles are eligible for a discretionary bonus and benefits, including items in the above list.

The base salary for this role is 140,000 USD per year