Systematic Options Trader

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

Benefits offered by this job

Competitive salary

Bonus opportunities

Paid time off

401(k) plan

On-site gym

Free meals in office

Team events

Volunteer opportunities

Job summary

Wolverine Trading, LLC is seeking an experienced quantitative trader/researcher to join its options market-making desk in Chicago. You will define exchange-facing market-making algorithms and identify options pricing volatility signals, leveraging large datasets and market microstructure insights.

The role focuses on growing profitability by guiding trading algorithm development and research infrastructure, with strong collaboration across software and hardware teams to deploy research into

Qualifications

• 5+ years of research on large exchange data or options datasets.
• Proven track record on a systematic market-making desk or similar volatility trading context.
• Experience with low-latency trading tech and how research translates to production systems.
• Deep knowledge of exchange infrastructure and market microstructure.
• Strong collaboration with software/hardware engineers to implement research.
• Background in statistics and/or linear algebra is a plus.
• Experience with C++ or a similar language is a plus.

Responsibilities

• Grow firm profitability by influencing the development of trading algorithms and researching options pricing signals.
• Define microstructure research initiatives and shape research infrastructure.

Skills

Quant research

Market microstructure

C++ experience

Statistics/Linear algebra

Tools

C++

Job description

Systematic Options Trader

Department: Trading

Employment Type: Full Time

Location: Chicago, IL

Description

Wolverine has an opportunity for an experienced quantitative trader/researcher to join a growing options market-making desk within a well-established firm. The ideal candidate has a passion for defining exchange-facing market-making algorithms and/or identifying options pricing volatility signals. You have experience defining research priorities and deriving actionable insights from large datasets within the exchange-listed options space, leveraging your deep knowledge of market microstructure.

What You’ll Do

• Grow firm profitability by influencing the development of trading algorithms and researching options pricing signals.
• Define microstructure research initiatives and shape research infrastructure.

What We’re Looking For

• 5+ years of experience conducting or guiding research on large sets of exchange market data and/or options pricing datasets.
• Proven track record of driving improvements on a systematic market-making desk or semi-systematic volatility trading desk—preferably at a top-tier market-making firm.
• Exposure to and a deep understanding of low-latency market-making technology, including how insights gleaned from research projects are integrated into a production trading system.
• Deep knowledge of exchange infrastructure and microstructure.
• Strong communication skills and experience collaborating with software and hardware engineers to see your research through to production.
• Strong background in statistics and/or linear algebra is a plus.
• Experience with C++ or a similar programming language is a plus.

Why Join Us

Our flat organizational structure promotes teamwork across the Firm and offers easy access to senior staff. While we work exceptionally well as a team in the office, our bonds are further strengthened through company events, activities and giving back. Volleyball, soccer, hockey, 5K runs, picnic, parties, and trivia nights provide friendly competition and build better relationships. By getting out of our usual environment and doing out-of-the-ordinary things together, we foster creativity and broaden our imaginations to accomplish new challenges.

Benefits

• Highly competitive salary & bonus opportunity
• Generous paid time off and flexible scheduling
• 100% coverage of medical, dental, vision, life, and disability benefits for single coverage
• Generous Paid Parental Leave
• Retirement Plans: 401K and Roth 401K
• Profit sharing plan
• Long- and short-term disability

Additional Perks

• Free breakfast and lunch from our in-house kitchen with rotating menus (including snacks!)
• On-site gym with a subsidized membership
• Frequent company outings
• Opportunity to give back to organizations that help individuals in need in the Chicagoland area

Professional Development

• In-house education team – classes and resources are offered for continuous learning opportunities
• Mentorship Program through your first six months of employment

The base compensation range for this role is approximately $150,000 - $200,000 contingent on experience. Wolverine Tradings's total compensation model includes base salary and an annual discretionary bonus.