Quantitative Researcher – Options Market Making

Trading Interview; Chicago, Northern (IL, KY); Hybrid; USD 100,000 - 150,000; Full time

Benefits offered by this job

Competitive salary

Bonus potential

Paid time off

Medical, dental, vision benefits

401K and Roth 401K

Profit sharing

On-site gym

Free breakfast and lunch

Company events

Job summary

Wolverine Trading, based in Chicago, seeks a Quantitative Researcher to deepen understanding of US Equity Options micro-structure and to build experimental analytics pipelines. You will contribute to a culture of research and experimentation across our liquidity-dissemination team.

You will learn exchange rules, order flow dynamics, and engine mechanics while solving problems with data-driven approaches and collaborating with trading and engineering teams.

Qualifications

• Background in a quantitative field.
• Knowledge of basic statistical concepts such as regression analysis.
• Experience with Python and common data science packages.
• OOP experience is a plus; willingness to learn C# required.
• Understanding or willingness to learn networking and FPGA concepts.
• Strong technical and non-technical communication skills.

Responsibilities

• Gain domain expertise on US Equity Options exchange micro-structure.
• Propose, run, and maintain production testing pipelines in an experimental framework.
• Curate, document, and present experimentation results to trading and engineering staff.
• Generate ideas for trading feature enhancements via post-trade analytics.
• Work with large tick databases to build core datasets for strategy enhancements.

Skills

Quantitative background

Statistics basics (regression)

Python & data science packages

OOP programming (C# willingness)

Networking/FPGA basics

Strong communication (technical & non-

Job description

We are looking for a Quantitative Researcher to join an experienced team responsible for disseminating liquidity for over four thousand underlying products across nearly two dozen exchanges in the US Equity Options Market. Successful candidates will have the opportunity to build and grow around a research and experimentation culture, helping to shape the future direction of our analytics suite.

You will learn the intricacies of the US Equity Options Market in areas ranging from order flow dynamics to exchange rules and matching engine mechanics. The successful candidate will have an organized analytical approach to problem solving and a relentless drive for learning through experimentation.

Market makers enhance the stability of our financial system by providing crucial liquidity to the marketplace, and in doing so operate in a highly competitive landscape. We succeed by the quality of our ideas and the rate of our innovation, and you will have the opportunity to make tangible contributions towards this pursuit.

What You’ll Do

• Gain domain expertise on US Equity Option exchange micro-structure.
• Propose, run, and maintain production testing pipelines within an experimental framework.
• Curate, document, and present experimentation results to trading and engineering staff.
• Generate ideas for trading feature enhancement and parameter configurations through post trade analytics.
• Work with large tick databases to build and maintain core datasets designed to increase team productivity and facilitate strategy enhancements.

What We’re Looking For

• Background in a quantitative field
• Knowledge of basic statistical concepts such as regression analysis
• Experience with Python and common data science packages
• Experience with object-oriented programming is a plus but not a requirement. A willingness to learn C# is required.
• An understanding of or willingness to learn about low-level details relating to networking and FGPAs.
• Strong technical and non-technical communication skills

Why Join Us

Our flat organizational structure promotes teamwork across the Firm and offers easy access to senior staff. While we work exceptionally well as a team in the office, our bonds are further strengthened through company events, activities and giving back. Volleyball, soccer, hockey, 5K runs, picnic, parties, and trivia nights provide friendly competition and build better relationships. By getting out of our usual environment and doing out-of-the-ordinary things together, we foster creativity and broaden our imaginations to accomplish new challenges.

• Highly competitive salary & bonus opportunity
• Generous paid time off and flexible scheduling
• 100% coverage of medical, dental, vision, life, and disability benefits for single coverage
• Retirement Plans: 401K and Roth 401K
• Profit sharing plan
• Long- and short-term disability
• Free breakfast and lunch from our in-house kitchen with rotating menus (including snacks!)
• On-site gym with a subsidized membership
• Frequent company outings
• Opportunity to give back to organizations that help individuals in need in the Chicagoland area

Professional Development:

• In-house education team – classes and resources are offered for continuous learning opportunities
• Mentorship Program through your first six months of employment

The base compensation range for this role is approximately $100,000-$150,000 contingent on experience. Wolverine Trading's total compensation model includes base salary and an annual discretionary bonus.

Wolverine Trading was founded in Chicago in 1994 and operates at the intersection of financial markets and advanced technology. Its proprietary trading group engages in market making and valuation arbitrage…