Senior Quantitative Trader — Index Options Market Making

MA CAPITAL U.S. LLC

New York (NY)

On-site

USD 180,000 - 280,000

Full time

2 days ago

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Job summary

MA Capital US LLC, a proprietary trading firm, seeks an experienced Quantitative Trader to manage its index options market-making business in New York. You will own live trading decisions, risk management, and daily operations with a close team of researchers and engineers.

You will optimize pricing, quoting, hedging, and execution while advancing strategies and tools. The role offers ownership, collaboration with top quants, and direct impact on performance across global markets.

Qualifications

3-5 years of professional options trading experience, with meaningful experience in index options market making.
Direct experience trading SPX, VIX, ES options, or closely related index and volatility products.
Experience operating an automated or semi-automated options market-making system.
Strong understanding of options pricing, implied volatility, volatility surfaces, skew, term structure, and Greeks.
Practical experience managing delta, gamma, vega, inventory, event risk, and hedging.
Strong understanding of quoting, spread capture, adverse selection, execution, and hedging costs.
Ability to analyze live trading P&L and make effective decisions using both data and real-time market information.
Ability to work effectively with quantitative researchers and engineers to improve trading systems and performance.

Responsibilities

Live Trading & Risk Management: Manage the day-to-day operation of the index options market-making system, including positions, P&L, inventory, Greeks, margin, and market exposure.
Quoting & Hedging: Make real-time decisions around quoting, sizing, skew, edge, inventory, and hedging while managing delta, gamma, vega, term structure, and event risk.
Performance Analysis: Analyze fills, markouts, spread capture, adverse selection, hedge costs, and P&L attribution to identify opportunities to improve trading performance.
Research Collaboration: Partner with quantitative researchers to evaluate pricing models, signals, and strategy changes before deployment.
Technology Collaboration: Work closely with engineers to improve pricing, quoting, execution, monitoring, and automated risk controls.
Strategy Development: Develop and improve hedging strategies and identify opportunities to expand and enhance the market-making platform.