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) matching

Unlimited PTO

Free lunch and snacks

Commuter benefits

Team events

Job summary

Edgehog Trading, a Chicago-based proprietary trading firm, seeks a skilled options trader to manage pricing, positioning, and algorithmic activity across desks. You will engage brokers and counterparties, analyze market microstructure, and monitor execution quality to generate alpha and improve strategy performance.

Ideal candidates have 2+ years trading options, strong Python, and the ability to thrive under pressure in a fast-paced environment.

Qualifications

• 2+ years trading options and managing an options market-making book
• BA/BS/MS/PhD in CS, Data Science, Engineering, Math, Economics, Finance, Physics, or related field
• Strong verbal communication, detail oriented, team player
• Excellent ability to use market information to positively impact trading operations and algorithms
• Ability to work under pressure and make fast decisions in a dynamic market
• Strong interpersonal skills to manage external counterparties
• Strong Python programming skills; familiarity with AI agents a plus

Responsibilities

• Manage pricing, positioning, and algorithmic trading activity across option market making strategies
• Serve as main contact for brokers and counterparties
• Analyze market microstructure and execution quality to generate alpha signals
• Proactively manage real-time risk across a diversified options portfolio
• Develop relationships to improve access to flow and expand business
• Collaborate with quants and engineers on models using proprietary data

Skills

Options trading

Market analysis

Python

Verbal communication

Decision making under pressure

Interpersonal skills

Education

CS/Data Science/Engineering/Math/Economics/Finance/Physics (BA/BS/MS/PhD)

Tools

Trading systems

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