Quantitative Trader – Futures

Trading Interview; Chicago, Northern (IL, KY); Hybrid; USD 180,000 - 350,000; Full time

Job summary

DRW is seeking a Senior Quantitative Trader (Delta One) to lead embedded quantitative research and trading within the FICCO options platform. You will design, deploy, and scale futures-driven systematic strategies, collaborating with options traders to integrate signals and hedging frameworks across global futures markets.

This role emphasizes delta-one strategy development, systematic execution, and rigorous backtesting with a focus on risk-aware, scalable trading frameworks and capital

Qualifications

• 7+ years of experience in systematic trading and futures derivatives.
• Demonstrated PnL ownership in a quant-driven trading environment.
• Strong understanding of derivatives pricing, volatility dynamics, and risk modeling.

Responsibilities

• Design, develop, and deploy delta-one futures trading strategies across global markets.
• Build delta-driven signal generation frameworks to support futures and options portfolios.
• Implement robust futures-based hedging methodologies to optimize portfolio risk.
• Develop directional options overlays grounded in quantitative futures signals.
• Understand and manage risk across live strategies: exposure, volatility, liquidity, cross-asset correlations.
• Partner with developers and trading infra teams to productionize models and optimize execution.
• Conduct rigorous research, backtesting, and performance attribution analyses.
• Iterate on models to improve signal quality, scalability, and capital efficiency.
• Contribute to portfolio construction and capital allocation decisions within the FICCO platform.

Skills

Systematic trading

PnL ownership

Derivatives pricing

Risk modeling

Quantitative research

Tools

Backtesting frameworks

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