Quantitative Trader - Equity Options
A leading quantitative trading firm with a 20-year track record of success is expanding its equity and equity index options market-making desk in Chicago. This is an opportunity to join a highly profitable, technology-driven platform where traders work closely with dedicated engineering and research teams to continuously optimize strategies and maximize returns. You'll have immediate impact, managing your own book while driving innovation across new products and markets.
Key Responsibilities:
- Manage your own book covering single-name equities and/or index options, ensuring disciplined risk and P&L management.
- Collaborate with researchers and developers to enhance pricing models, optimize existing strategies, and build new tools for semi-systematic trading.
- Identify and capitalize on market opportunities through data-driven insights and cross-desk collaboration.
- Develop and refine risk frameworks to mitigate tail risks and volatility shocks.
- Contribute to strategy evolution, leveraging quantitative research and technology to improve execution and quoting efficiency.
Ideal Candidate:
- 2-5 years in options market making, ideally focused on equities or equity indices.
- Strong programming ability in Python; experience with data analysis and backtesting frameworks.
- Deep understanding of options pricing, Greeks, volatility surfaces, and market microstructure.
- B.S./M.S. in a STEM field (Math, Statistics, Computer Science, Engineering) from a top-tier institution.
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