Quantitative Trader - Futures

P2P; Chicago (IL); On-site; USD 150,000 - 250,000; Full time

Benefits offered by this job

Comprehensive medical, dental, and vision insurance

401k with discretionary employer match

Flexible spending accounts

Job summary

A leading trading firm based in Chicago is seeking a Senior Quantitative Trader to design and deploy systematic strategies for delta-one futures trading. Ideal candidates will have over 7 years of experience in systematic trading, with a strong focus on derivatives and a proven PnL track record. The role requires deep quantitative skills and fluency in Python. In addition to a competitive salary range of $150,000 to $250,000, this position offers potential bonuses and comprehensive benefits.

Qualifications

• 7+ years of experience in systematic trading, preferably in futures and listed derivatives.
• Proven track record of direct PnL ownership in a quant-driven trading environment.
• Strong understanding of derivatives pricing, volatility dynamics, and risk modeling.
• Fluency in Python and experience working with large-scale datasets.

Responsibilities

• Design, develop, and deploy systematic delta-one futures trading strategies across global markets.
• Build and refine delta-driven signal generation frameworks to support futures strategies and options portfolios.
• Implement robust futures-based hedging methodologies to optimize portfolio risk.

Skills

Systematic trading

Quantitative expertise

Futures and listed derivatives

Python

Statistical modeling

Education

Advanced degree in Mathematics, Statistics, Physics, Engineering, Computer Science, or related field

Job description

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

DRW is seeking a Senior Quantitative Trader (Delta One) to join the FICCO options trading business. This individual will operate as an embedded quantitative research and trading lead within an established discretionary and systematic options platform, with a mandate to design, deploy, and scale futures-driven systematic strategies that complement and enhance the broader FICCO options franchise.

This role focuses on delta-one strategy development, systematic futures execution, portfolio hedging, and quantitative signal generation across global futures markets. The individual will partner closely with options traders to integrate futures-based signals, directional overlays, and risk-efficient hedging frameworks into the broader derivatives platform.

This position is suited for someone with demonstrated PnL ownership, deep quantitative expertise, and experience building scalable, systematic trading frameworks within derivatives markets.

Key Responsibilities

• Design, develop, and deploy systematic delta-one futures trading strategies across global markets (rates, FX, commodities, equities)
• Build and refine delta-driven signal generation frameworks to support both standalone futures strategies and options portfolios
• Implement robust futures-based hedging methodologies to optimize portfolio risk across the FICCO options business
• Develop and execute directional options overlays grounded in quantitative futures signals
• Understand and manage risk across live strategies, including exposure, volatility, liquidity, and cross-asset correlations
• Partner closely with developers and trading infrastructure teams to productionize models and optimize execution
• Conduct rigorous research, backtesting, and performance attribution analysis
• Continuously iterate on models to improve signal quality, scalability, and capital efficiency
• Contribute to portfolio construction and capital allocation decisions within the FICCO platform

Qualifications

• 7+ years of experience in systematic trading, preferably in futures and listed derivatives
• Proven track record of direct PnL ownership in a quant-driven trading environment
• Strong understanding of derivatives pricing, volatility dynamics, and risk modeling
• Deep experience in signal research, statistical modeling, and alpha generation
• Fluency in Python and experience working with large-scale datasets
• Strong knowledge of market microstructure and execution optimization
• Ability to independently drive research while collaborating effectively within a trading team

Preferred Background

• Experience trading across global futures markets (equities, rates, commodities, FX)
• Experience integrating options strategies within systematic futures frameworks
• Familiarity with portfolio construction, capital allocation, and risk budgeting models
• Experience working within or alongside an options trading desk
• Advanced degree in Mathematics, Statistics, Physics, Engineering, Computer Science, or related field

The annual base salary range for this position is $150,000 to $250,000 depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.

For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.

California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.