Proprietary Trader

6 days ago


Chicago, Illinois, United States Old Mission Full time
About Old Mission

Old Mission is a global proprietary trading firm that leverages cutting-edge technology and research to identify and execute profitable trading strategies across multiple asset classes worldwide.

Job Summary

We are seeking a highly skilled Quantitative Trader to join our team in Chicago, New York, or London. As a Quantitative Trader, you will be responsible for implementing and calibrating systematic market making strategies, developing pricing models, and managing a portfolio of fixed income volatility products.

Key Responsibilities
  • Market Making and Risk Management
    • Implement and calibrate systematic market making strategies that provide liquidity in CME options on futures.
    • Manage trading risks by setting appropriate limits and adhering to our risk management policies.
  • Pricing and Modeling
    • Develop pricing models in collaboration with our quantitative research team.
    • Build desk tooling for pricing, risk management, and opportunity identification.
  • Portfolio Management
    • Manage a portfolio of fixed income volatility products across different assets with various holding times and liquidity profiles.
  • Research and Analysis
    • Analyze macroeconomic indicators, central bank policies, and other factors that influence interest rate volatility surfaces.
  • Team Collaboration
    • Work closely with other traders, quants, and developers to achieve business objectives.
Requirements
  • An undergraduate or an 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 a strong knowledge of options theory.
  • Proficiency with at least one of the following languages: Python, C++, Java, VBA, Matlab, or Ruby.
  • The ability to work and solve problems as part of a team, often in a high-pressured environment.
  • A strong desire for knowledge and to understand how things work.
  • Proven trustworthiness and performance under the highest ethical standards.
Benefits and Perks
  • Competitive salary with discretionary annual bonus.
  • Fully paid Medical, Dental, Vision, Disability, and Life Insurance.
  • Fully stocked kitchen; free breakfast and lunch every day on-site.
  • Tuition Reimbursement Program.
  • 401(k) with employer match.
  • Flexible Spending Plan.
  • Commuter Benefit Program.

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