Quantitative Trader (Options)

Old Mission • Chicago, IL

2d

About The Position

Old Mission is a global proprietary trading firm that uses technology and research to identify and execute trading strategies across asset classes. The Quantitative Trader will implement and calibrate systematic market-making strategies that provide liquidity in CME options on futures, develop pricing models with the quantitative research team, and build desk tools for pricing, risk management, and opportunity identification. The role manages a portfolio of fixed income volatility products across assets with varying holding times and liquidity profiles, and analyzes macroeconomic indicators, central bank policies, and other influences on interest rate volatility surfaces.

The trader manages risk by setting appropriate limits and following risk management policies, ensures trading complies with regulatory requirements and internal policies, and works with traders, quantitative researchers, and developers. The position uses a sophisticated trading platform to execute trades and source liquidity across multiple exchanges.

Requirements

• An undergraduate or 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 strong knowledge of options theory.
• Proficiency in at least one of Python, C++, Java, VBA, Matlab, or Ruby.
• Ability to work and solve problems as part of a team, often in a high-pressure environment.
• Strong desire for knowledge and understanding how things work.
• Proven trustworthiness and performance under the highest ethical standards.

Responsibilities

• Implement and calibrate systematic market-making strategies that provide liquidity in CME options on futures.
• Develop pricing models in collaboration with the 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 varying 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 risk management policies.
• Ensure trading activities comply with regulatory requirements and internal policies.
• Work closely with other traders, quantitative researchers, and developers.
• Use the trading platform to execute trades and source available liquidity across multiple exchanges.

Benefits

• Fully paid medical, dental, vision, disability, and life insurance.
• Fully stocked kitchen with free breakfast and lunch every day on-site.
• Tuition reimbursement program.
• 401(k) with employer match.
• Paid vacation, sick, and parental leave.
• Commuter and flexible spending programs.
• Discretionary bonus.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level