Quantitative Analyst

Eclipse Trading; Chicago (IL); On-site; USD 110,000 - 180,000; Full time

Job summary

Eclipse Trading in Chicago seeks a Quantitative Analyst to join the on-site team. You will work with the US-based Quant and Integration group, collaborating with traders and quants to enhance strategies and develop new quantitative tools.

The role emphasizes strong Python skills, a solid background in volatility trading, and the ability to communicate complex ideas clearly within a close-knit desk environment.

Qualifications

• 2+ years on a mid-to-high frequency volatility trading desk in the US market.
• Expertise in options portfolio optimization and backtesting.
• Excellent proficiency in Python for scripting, data analysis and model development.
• A relevant quantitative degree with a strong academic record.
• Collaborative mindset with a desire to grow in a small, close-knit desk.
• Excellent command of English, both written and spoken.
• Authorization to work in the United States.

Responsibilities

• Perform quantitative analysis to improve existing trading strategies and develop new ones.
• Work with traders and quants to identify technical trading problems, conduct detailed research and deliver mathematical solutions.
• Build and maintain analytical tools and libraries

Skills

Python

Volatility trading

Options backtesting

Quantitative analysis

Education

Quantitative degree

Job description

Quantitative Analyst (Chicago)

Eclipse Trading is a leading proprietary trading firm. Founded in 2007, we have over 110 employees across 4 office locations – Hong Kong (our HQ), Sydney, Shanghai and Chicago. Our trading expertise and strategies are deployed across several markets globally, focusing on various products including equity derivatives, delta one, ETFs, commodity derivatives, and cryptocurrency. Technology is inextricably linked to our trading strategies, creating an environment powered by intellectual curiosity, problem solving, and innovation.

We are looking for a talented individual to be part of a close-knit team based in our Chicago office that values innovation, creativity, and professional growth. This is an on-site role and this position is part of our global Quant and Integration team and will report to both the US Trading Team Lead and the Senior Trading Analyst of Quant and Integration. The successful candidate will get the opportunity to work in a collaborative environment where their contributions directly impact the success of the desk, as well as gain exposure to cutting-edge trading strategies and technologies in the volatility space.

Responsibilities and Duties

• Perform quantitative analysis to improve existing trading strategies and develop new ones
• Work with traders and quants to identify technical trading problems, conduct detailed research and deliver mathematical solutions
• Build and maintain analytical tools and libraries

What you offer

Must have

• Proven 2+ years of experience working on or with a mid-to-high frequency trading desk specializing in volatility trading in the US market
• Expertise in options portfolio optimization and strategy back testing
• Excellent proficiency in Python for scripting, data analysis, and model development
• A relevant tertiary degree with a strong academic record, ideally in Mathematics, Physics, Computer Science, Financial Engineering, or a related quantitative field
• A collaborative mindset with a desire to work in a small, close-knit team and contribute to the growth of the desk
• Excellent command of spoken and written English, with the ability to communicate complex ideas clearly and effectively
• Authorization to work in the United States

Desirable

• Experience with relative value and/or dispersion based volatility strategies
• Experience with short-dated options and modelling short-term realized volatility measures
• Research experience in event-driven volatility pricing (e.g., earnings announcements, macroeconomic events, M&A activity)

What we offer

• The opportunity to work in a collaborative environment where your contributions directly impact the success of the desk
• A close-knit team that values innovation, creativity, and professional growth
• Exposure to cutting-edge trading strategies and technologies in the volatility space
• A flat management structure, where everyone's voice is valued
• Work life balance within a multi-cultural environment

Eclipse Trading is an equal opportunity employer and we believe that diversity and inclusion are essential pillars of our success as a company. We are dedicated to embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential.

All information provided will be treated in strict confidence and used solely for recruitment purposes. Due to the high number of responses that we receive, we are only able to respond to successful applicants.