Quantitative Trader (Options)

Old Mission; Chicago (IL); On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

Disability Insurance

Life Insurance

Free meals on-site

Tuition Reimbursement

401(k) with match

Paid vacation and parental leaves

Commuter benefits

Flexible Spending Program

Job summary

Old Mission is a global proprietary trading firm with offices in Chicago, New York, and London. We seek a trader/designer who will implement market-making strategies in CME options on futures and build pricing models with our quantitative team.

You will develop desk tools, manage fixed income volatility portfolios, analyze macro factors, and ensure compliance with regulations while collaborating closely with traders, quants, and developers.

Qualifications

• Undergraduate or higher degree in a quantitative field such as computer science, engineering, or hard sciences.
• 1-4 years trading experience with algorithmic trading and knowledge of options theory.
• Proficiency in Python, C++, Java, VBA, Matlab, or Ruby.

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 opportunities identification.
• Manage a portfolio of fixed income volatility products across assets with varying liquidity.
• Analyze macro indicators and central bank policies impacting rate volatility surfaces.
• Manage trading risks by setting limits and following risk policies.
• Ensure trading activities comply with regulations and internal policies.
• Collaborate with traders, quants, and developers.
• Leverage a sophisticated trading platform to access liquidity across exchanges.

Skills

Python

C++

Java

VBA

Matlab

Ruby

Education

Quantitative field 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.