Full-Time
Junior Quantitative Trader
Asian Market Hours
Confirmed live in the last 24 hours
Old Mission
51-200 employees
Global market maker for illiquid ETFs
Mid, Senior
Chicago, IL, USA
Position requires joining the Chicago office.
- A degree in a quantitative field such as computer science, engineering, or one of the hard sciences
- Proficiency with at least one of the following languages: Python, C++, JAVA, VBA, R, Matlab, or Ruby
- 3+ years of relevant trading experience
- Experienced with automated trading systems
- Proven trustworthiness and performance under the highest ethical standards
- Great attention to detail
- Ability to solve problems in a high-pressure environment
- Superior written and verbal communication skills
- Must be self-motivated, dependable, responsible, and results driven
- Maintain integrity at all times
- A desire to work Asian market hours. Work hours will include US holidays if the international markets are open
- Monitor systems and manage all trading activity between Sunday – Thursday from 4:00 pm – 3:00 am CST
- Oversee and manage the trade execution and risk of complex trading portfolios across the firm
- Implement trading strategies that leverage technology to efficiently execute trades at minimum transactional costs
- Adjust trading system parameters for liquidity to increase the value of the order book executing trades, canceling, and adding orders to maintain the correct risk profile
- Communicate changes to microstructure and trading conditions to other team members
- Monitor risk and PnL, working with positions across all portfolios troubleshooting issues and adjusting model parameters as needed
- Research potential trading opportunities
Old Mission operates as a market maker that focuses on providing liquidity for hard-to-price and illiquid exchange-traded funds (ETFs). The company facilitates the buying and selling of these financial products, helping large institutions manage and transfer risk effectively. Old Mission's approach involves a team of skilled traders and technologists who work collaboratively to ensure efficient transactions. Unlike many competitors, Old Mission emphasizes the human aspect of trading, offering personalized service and problem-solving capabilities that enhance client relationships. The company's goal is to support its clients by providing reliable liquidity and fostering long-term partnerships.
Company Stage
Private
Total Funding
N/A
Headquarters
Chicago, Illinois
Founded
2008
Simplify's Take
What believers are saying
- Growing interest in ESG investing aligns with Old Mission's expertise in illiquid ETFs.
- AI-driven trading algorithms enhance market-making efficiency for Old Mission.
- Thematic ETFs' popularity allows Old Mission to expand into niche investment areas.
What critics are saying
- Increased competition in ETF market-making could pressure Old Mission's margins.
- DeFi platforms threaten traditional market makers like Old Mission with automated trading.
- Regulatory scrutiny on high-frequency trading could impact Old Mission's profitability.
What makes Old Mission unique
- Old Mission specializes in illiquid ETFs, a niche market with fewer competitors.
- The company combines automated trading with human problem-solving for unmatched service.
- Old Mission has a global reach, providing liquidity in multiple asset classes.
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Benefits
Competitive Salary
Discretionary bonus
Top tier Medical, Dental, Vision, Disability and Life Insurance paid for by the firm
401(k) with employer match
Full stocked kitchen, free breakfast and lunch everyday on-site
Tuition reimbursement
Flexible Spending Plan
Commuter Benefit Program