Quantitative Trader (Options)

Trading Interview; Chicago, Northern (IL, KY); Hybrid; USD 150,000 - 200,000; Full time

Benefits offered by this job

Fully paid Medical, Dental, Vision,Diff

On-site meals

Tuition Reimbursement Program

401(k) with employer match

Paid Vacation, Sick, Parental leaves

Commuter & Flexible Spending Programs

Job summary

Old Mission Capital is seeking a quantitative market-maker to implement and calibrate pricing-driven strategies across CME options on futures. You will collaborate with quants and developers to build pricing models and desk tooling for risk management and opportunity identification.

The role requires 1–4 years in algorithmic trading with strong options theory, plus proficiency in Python, C++, Java, or Matlab, and a collaborative, high-ethics mindset.

Qualifications

• Undergraduate or advanced degree in a quantitative field (CS/engineering/science).
• 1-4 years of trading experience with algorithmic trading and options theory.
• Proficiency in Python, C++, Java, VBA, Matlab, or Ruby.
• Strong teamwork and problem-solving in high-pressure environments.
• Proven integrity and high ethical standards.

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 fixed income volatility portfolios across assets with varying liquidity profiles.
• Analyze macroeconomic indicators and central bank policies affecting rate volatility surfaces.
• Manage trading risks by adhering to risk management policies and limits.
• Ensure compliance with regulatory requirements and internal policies.
• Collaborate with traders, quants, and developers; leverage a sophisticated trading platform to source liquidity.

Skills

Python

C++

Java

VBA

Matlab

Ruby

Team collaboration

Algorithmic trading

Education

Bachelor's or advanced degree in quantitative field (CS/engineering/science)

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.

Old Mission does not seek capital from outside investors, allowing us the flexibility to aggressively invest in our team members and keep them engaged in the firm’s growth.

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 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…