Options Quant Trader: Systematic Market-Making & Pricing

Ashby

Chicago (IL)

On-site

USD 150,000 - 200,000

Full time

8 hours ago

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Benefits offered by this job

Full medical, dental, vision, life & 1

Job summary

Old Mission, a global proprietary trading firm with offices in Chicago, seeks a quantitative trader to implement market-making on CME options, develop pricing models, and build desk tooling. Collaborate with quants and developers to manage risk and source liquidity across exchanges.

The role requires a quantitative degree, 1–4 years trading experience, and programming proficiency (Python, C++, Java, VBA, Matlab, or Ruby).

Qualifications

An undergraduate or advanced degree in a quantitative field such as CS, engineering, or hard sciences.
1-4 years of trading experience including algorithmic trading and knowledge of options theory.
Proficiency in Python, C++, Java, VBA, Matlab, or Ruby.
Ability to work in a team, often under pressure.
Strong desire to learn and understand how things work.
Proven trustworthiness and high ethical standards.

Responsibilities

Implement and calibrate market-making strategies for CME options on futures.
Develop pricing models with the quantitative research team.
Build desk tooling for pricing, risk management, and opportunity identification.
Manage a portfolio of fixed income volatility products.
Analyze macro indicators and policy impacts on rate volatility surfaces.
Manage trading risks and enforce risk limits.
Ensure trading complies with regulatory requirements and internal policies.
Collaborate with traders, quants and developers.
Use the trading platform to source liquidity across exchanges.