Quantitative Execution Trader

Edgehog Trading; Chicago (IL); On-site; USD 135,000 - 165,000; Full time

Benefits offered by this job

Health insurance

401(k) with company match

Unlimited paid time off

Free lunch, coffee, drinks, and snacks

Commuter benefits

Team events

Job summary

Edgehog Trading in Chicago is seeking a talented trader-engineer with 2+ years of options trading experience to manage pricing, positioning, and algorithmic activity across multiple desks.

You will work with brokers and institutional counterparties, analyze market microstructure, monitor real-time risk, and collaborate with researchers and engineers to improve models using proprietary data. Base salary around 150,000 USD with discretionary bonus.

Qualifications

• 2+ years of trading experience in options market making with a track record of success.
• BA/BS/MS/PhD in CS, Data Science, Engineering, Math, Economics, Finance, Physics or related field.
• Sharp verbal communication skills and detail orientation.
• Strong ability to use market information to positively impact trading operations and algorithmic systems.
• Ability to work well under pressure and make fast decisions in dynamic markets.
• Effective interpersonal skills to manage external counterparty relationships.
• Strong Python programming skills; familiarity with AI agents is a plus.

Responsibilities

• Manage pricing, positioning, and algorithmic trading activity across a range of options market making strategies and desks
• Act as the primary point of contact for brokers and institutional counterparties
• Analyze market microstructure and execution quality to generate alpha signals
• Proactively manage real-time risk across a diversified portfolio of options positions
• Develop new relationships to improve access to flow and expand the business
• Collaborate with quant researchers and engineers to develop models using proprietary datasets

Skills

Python programming

Trading experience

Communication

Team player

Education

Degree in CS/Data Science/Engineering/Math/Economics/Finance/Physics

Job description

About Us

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.

About Us

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

• Manage pricing, positioning, and algorithmic trading activity across a range of options market making strategies and desks
• Act as the primary point of contact for brokers and institutional counterparties, translating relationship and flow context into concrete adjustments for pricing and positioning
• Analyze market microstructure and execution quality to generate alpha signals and improve strategy performance
• Proactively manage real-time risk across a diversified portfolio of options positions
• Develop new relationships to improve access to flow and expand the business
• Collaborate with quant researchers and engineers to develop new models using our proprietary datasets

Qualifications And Skills

• Previous experience trading (2+ years) with a proven track record of success managing an options market making book and maintaining/improving automated trading systems
• BA/BS/MS/PhD degree in Computer Science, Data Science, Engineering, Math, Economics, Finance, Physics, or related field
• Sharp verbal communication skills, detail oriented, team player
• Excellent ability to use market information to positively impact trading operations and algorithmic trading systems
• Ability to work well under pressure and make fast decisions in a dynamic market
• Effective interpersonal skills, can successfully manage and form external counterparty relationships
• Strong python programming skills, familiarity with AI agents 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: Weekly 1-on-1s with your mentor, quarterly reviews with leadership
• Chicago-based: Affordable cost of living, vibrant trading community

Benefits

• 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
• Commuter benefits
• 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 150,000 USD per year