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Belvedere Trading

Makes markets in options using its own capital

Experienced Commodities Options Trader

Prop & Hedge Fund TradingConfirmed live in the last 24 hours
Full-timeChicago, IL, USA$150k - $200k /yr

About the Job

Requirements

  • 3–7+ years of experience trading commodity options (energy, metals, agriculture, or related markets)
  • Demonstrated success generating profit and loss, managing complex risk profiles, and navigating fast-moving markets
  • Deep understanding of options pricing, volatility dynamics, and commodity market structure, including fundamental drivers
  • Proficiency with analytical and programming tools such as Python, R, or SQL, with the ability to work with large datasets and improve modeling or decision-support systems
  • Ability to thoughtfully approach decision-making, thrive under pressure and adapt quickly to changing market conditions
  • Excellent communication skills and a team-oriented mindset
  • Bachelor’s degree or higher in Finance, Engineering, Physics, Mathematics, Economics, Computer Science, or a related technical field

Responsibilities

  • Lead market-making and execution across commodity options products, guiding pricing, risk parameters, and strategic direction
  • Own and refine trading strategies from ideation through execution, generating insights in high-volume and high-volatility markets
  • Identify trends and mispricings by leveraging data, market structure knowledge, and an understanding of supply–demand dynamics across commodities
  • Collaborate with technologists and quants to enhance analytics, improve models, and systematize trading workflows that scale
  • Develop tools to analyze positional opportunities, evaluate risk, and improve options liquidity
  • Manage risk with discipline, monitoring exposures in real time and ensuring adherence to Belvedere’s risk philosophy
  • Work cross-functionally with research, technology, and trading teams to drive innovation and support the continued evolution of our commodities options trading groups

About the Company

Belvedere Trading

Makes markets in options using its own capital

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.

Company size
201-500
Company stage
Not listed
Total funding
Not listed
Headquarters
Chicago, IL
Founded
2002

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