Quantitative Trader (Options)

Trading Interview; Chicago (IL); On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

Full medical, dental, vision, and life

On-site breakfast and lunch

Tuition reimbursement

401(k) with employer match

Paid vacation, sick, and parental time

Commuter and flexible spending plans

Job summary

Old Mission Capital is seeking a quantitative trader to implement and calibrate market-making strategies in CME options on futures. You will collaborate with quants to develop pricing models and build desk tools for pricing, risk management, and liquidity sourcing.

The role spans fixed income volatility portfolios and requires strong teamwork under tight schedules. The ideal candidate holds a quantitative degree, has 1–4 years of trading experience, and is proficient in Python, C++, Java, VBA,

Qualifications

• Undergraduate or advanced degree in a quantitative field such as computer science, engineering, or hard sciences.
• 1-4 years of trading experience with algorithmic trading and options theory knowledge.
• Proficiency in at least one language: Python, C++, Java, VBA, Matlab, or Ruby.
• Ability to work in a high-pressured team environment with a strong ethics standard.

Responsibilities

• Implement and calibrate systematic market-making strategies for CME options on futures.
• Develop pricing models with the quantitative research team.
• Build desk tooling for pricing, risk management, and opportunity identification.
• Manage a portfolio of fixed income volatility products across assets with various holding times.
• Analyze macro indicators and central bank policies affecting rate volatility surfaces.
• Manage trading risks by setting limits and adhering to risk policies.
• Ensure compliance with regulatory requirements and internal policies.
• Collaborate with traders, quants and developers and leverage the trading platform to source liquidity.

Skills

Trading experience

Options theory

Python

C++

Java

VBA

Matlab

Ruby

Education

Quantitative degree

Job description

Old Mission is a global proprietary trading firm that leverages state-of-the-art technology and research to identify and execute profitable trading strategies across multiple asset classes around the world. Our offices in Chicago, New York, and London are all composed of naturally-curious individuals who thrive in a team environment and constantly strive for improvement.

Responsibilities

Implement and calibrate systematic market-making strategies that provide liquidity in CME options on futures.

Develop pricing models in collaboration with our quantitative research team.

Build desk tooling for pricing, risk management, and opportunity identification.

Manage a portfolio of fixed income volatility products across different assets with various holding times and liquidity profiles.

Analyze macroeconomic indicators, central bank policies, and other factors that influence interest rate volatility surfaces.

Manage trading risks by setting appropriate limits and adhering to our risk management policies.

Ensure all trading activities comply with regulatory requirements and internal policies.

Work closely with other traders, quants and developers.

Leverage a sophisticated trading platform to execute desired trades, sourcing available liquidity across multiple exchanges.

Required Skills

An undergraduate or an advanced degree in a quantitative field such as computer science, engineering, or one of the hard sciences.

1-4 years of trading experience encompassing algorithmic trading and a strong knowledge of options theory.

Proficiency with at least one of the following languages: Python, C++, Java, VBA, Matlab, or Ruby.

The ability to work and solve problems as part of a team, often in a high-pressured environment.

A strong desire for knowledge and to understand how things work.

Proven trustworthiness and performance under the highest ethical standards.

Benefits and Perks

Fully paid Medical, Dental, Vision, Disability, and Life Insurance

Fully stocked kitchen; free breakfast and lunch every day on-site

Tuition Reimbursement Program

401(k) with employer match

Paid Vacation, Sick, and Parental leaves

Commuter and Flexible Spending Programs

Base Salary Range

$150,000 - $200,000 - Salaries are based on numerous factors such as skills, experience, and education. Our compensation package also includes a discretionary bonus and a comprehensive benefits program for full-time employees. For more information, reach out to your recruiter.

Old Mission is not accepting unsolicited resumes from any staffing/search firms. All resumes submitted by staffing/search firms to any employee at Old Mission via-email, the Internet or directly without a valid signed search agreement will be deemed the sole property of Old Mission, and no fee will be paid in the event the candidate is hired by Old Mission.

Applications are handled on their careers site: we are not the employer and cannot process them.

Old Mission Capital is a quantitative market-making firm founded in 2008. It prices "thousands of financial instruments globally" and has "traded trillions of dollars of securities using proprietary systems and…