Senior Index Options Trader

Trading Interview; New York (NY); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Generous paid time off

Hybrid working opportunities

Savings plans

Free breakfast, lunch, and snacks

Wellness reimbursement

Sports teams and fitness events

Volunteer opportunities

Social events

Continuous learning

Job summary

Tower Research Capital in New York seeks an experienced Index Options Trader to manage a portfolio of listed options products, collaborate with traders and researchers, and work with developers to improve systems and execution. 3+ years on a high-volume index options market-making desk with expertise in volatility pricing, risk management, and best-execution protocols is required.

Strong Python/C++ coding skills are preferred.

Qualifications

• 3+ years of experience on a high-volume share index options market-making desk.
• Expertise in capturing opportunities from volatility pricing dislocations.
• Experience operating distributed automated trading systems.
• Knowledge of various exchange protocols to achieve best execution.
• Ability to work in a fast-paced, high-pressure environment.

Responsibilities

• Managing a portfolio of listed options products.
• Collaborating with traders and quantitative researchers to optimize strategies.
• Working with developers to improve systems, latency, and execution.
• Identifying and monetizing new trading opportunities.
• Mentoring junior traders and/or quantitative researchers.

Skills

Python

C++

Option market making

Distributed systems

Latency optimization

Data analysis

Tools

Exchange protocols

Job description

Tower Research Capital is a leading quantitative trading firm founded in 1998. Tower has built its business on a high-performance platform and independent trading teams. We have a 25+ year track record of innovation and a reputation for discovering unique market opportunities.

Tower is home to some of the world’s best systematic trading and engineering talent. We empower portfolio managers to build their teams and strategies independently while providing the economies of scale that come from a large, global organization.

Engineers thrive at Tower while developing electronic trading infrastructure at a world class level. Our engineers solve challenging problems in the realms of low-latency programming, FPGA technology, hardware acceleration and machine learning. Our ongoing investment in top engineering talent and technology ensures our platform remains unmatched in terms of functionality, scalability and performance.

At Tower, every employee plays a role in our success. Our Business Support teams are essential to building and maintaining the platform that powers everything we do — combining market access, data, compute, and research infrastructure with risk management, compliance, and a full suite of business services. Our Business Support teams enable our trading and engineering teams to perform at their best.

At Tower, employees will find a stimulating, results-oriented environment where highly intelligent and motivated colleagues inspire each other to reach their greatest potential.

Tower seeks an experienced Index Options Trader.

Responsibilities:

• Managing a portfolio of listed options products
• Collaborating with other traders and quantitative researchers to optimize existing strategies
• Working with developers to improve systems, latency, and execution
• Identifying and monetizing new trading opportunities
• Mentoring junior traders and/or quantitative researchers

Qualifications:

• 3+ years of experience on a high volume share index options market-making desk
• Expertise in capturing opportunities from both short-term and long-term dislocations in volatility pricing
• Deep understanding of the risks involved in managing a large index options portfolio
• Experience in operating, optimizing, and iteratively improving distributed automated trading systems
• Knowledge of various exchange protocols to achieve best execution
• Ability to work in a fast-paced, high-pressure environment
• Passion and drive to take a leading role in a growing options business
• Relevant programming experience, preferably in Python and/or C++
• Excellent attention to detail

Anticipated New York annual base salary range $120,000-180,000, plus eligible for discretionary bonus

Tower’s headquarters are in the historic Equitable Building, right in the heart of NYC’s Financial District and our impact is global, with over a dozen offices around the world.

At Tower, we believe work should be both challenging and enjoyable. That is why we foster a culture where smart, driven people thrive – without the egos. Our open concept workplace, casual dress code, and well-stocked kitchens reflect the value we place on a friendly, collaborative environment where everyone is respected, and great ideas win.

Our benefits include:

• Generous paid time off policies
• Savings plans and other financial wellness tools available in each region
• Hybrid working opportunities
• Free breakfast, lunch, and snacks daily
• In-office wellness experiences and reimbursement for select wellness expenses (e.g., gym, personal training and more)
• Company-sponsored sports teams and fitness events (JPM Corporate Challenge, Cycle for Survival, Wall Street Rides FAR and more)
• Volunteer opportunities and charitable giving
• Social events, happy hours, treats, and celebrations throughout the year
• Workshops and continuous learning opportunities

At Tower, you’ll find a collaborative and welcoming culture, a diverse team and a workplace that values both performance and enjoyment. No unnecessary hierarchy. No ego. Just great people doing great work – together.

Tower Research Capital is an equal opportunity employer.

This description was published by Tower Research Capital.

Tower Research Capital is a quantitative trading firm founded in 1998 by Mark Gorton. It builds technology and deploys automated trading strategies across a broad range of asset classes in…