B

Belvedere Trading

Makes markets in options using its own capital

Overview

Belvedere Trading is a proprietary trading firm that uses its own capital to make markets in options and other exchange-traded derivatives. Its traders post prices at which they are willing to buy or sell, providing liquidity to other market participants while managing the positions those transactions create. Quantitative researchers, traders, and engineers develop pricing models, execution tools, and risk systems that support decisions and trading across electronic exchanges. The firm earns money from its trading activities and arrangements with backed trading groups, using internal technology as part of that business. Belvedere Trading was founded in 2002 and is headquartered in Chicago, Illinois.

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About Belvedere Trading

Simplify's Rating
Why Belvedere Trading is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Quantitative FinanceFinancial Services

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

2002

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Simplify's Take

What believers are saying

  • Capital exceeded the regulatory floor: Belvedere Trading LLC held $131.8 million net capital in December 2025, versus $1 million required.
  • Trader development crosses products: Belvedere's junior rotation program spans equity indices, interest rates, and commodity desks.
  • Training connects traders and engineers: Belvedere Trading University teaches options theory, software systems, and simulated trading.

What critics are saying

  • Clearing exposure is concentrated: Belvedere Trading LLC disclosed approximately $150 million credit exposure to its clearing firm in December 2025.
  • Campus offers have limited flexibility: Belvedere's recruiting FAQ fixes position, title, location, and internship dates after an offer.
  • Some engineering work starts early: Belvedere's Chicago FPGA Engineer posting requires occasional on-site attendance before standard business hours.

What makes Belvedere Trading unique

  • Hardware development targets trading latency: Belvedere's FPGA Engineer role builds algorithmic systems and develops new hardware platforms.
  • Floor execution complements technology: Belvedere recruits traders for Cboe Super Pit or AMEX open-outcry markets.
  • Experienced groups get customized backing: Belvedere ties trading splits to capital needs and makes proprietary technology optional.

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Benefits

Medical coverage

Life Insurance

Complimentary access to a full gym in the building

Time off

Parental leave

401(k)

Continuing education

Transit benefit program

Relocation reimbursement

Company News

ETFDailyNews.com
Jun 9th, 2025
Parallel Advisors LLC Has $53,000 Position in Granite Ridge Resources, Inc. (NYSE:GRNT)

Belvedere Trading LLC acquired a new stake in shares of Granite Ridge Resources in the fourth quarter valued at about $75,000.

Castle Placement
Nov 6th, 2024
Top 10 CloudTech & DevOps Capital Raises in the U.S. - October 16th-31st, 2024

Databento, developer of a colocation platform designed to provide simpler and faster historical data to receive market data, raised $10 million of Series A1 venture funding from Clear Street, Lightscape Partners and Belvedere Trading.

Global Fintech Series
Oct 30th, 2024
Databento Closes $10 Million in Additional Funding to Drive Global Expansion

Databento, one of the fastest-growing companies in the financial data industry, today announced the successful close of $10 million in additional funding, increasing its total Series A round to $30 million. This caps off an extraordinary year that saw a 985% surge in revenue and over 7,000 new customers.

MarketBeat
Feb 5th, 2024
GABELLI & Co INVESTMENT ADVISERS INC. Takes $594,000 Position in Sequans Communications S.A. (NYSE:SQNS)

Belvedere Trading LLC purchased a new stake in Sequans Communications in the 2nd quarter worth about $51,000.

ETFDailyNews.com
Jan 18th, 2024
Independence Contract Drilling (NYSE:ICD) Stock Passes Below 200-Day Moving Average of $2.71

Belvedere Trading LLC purchased a new stake in Independence Contract Drilling in the fourth quarter valued at $38,000.

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