Floor Trader-SPX

Confirmed live in the last 24 hours

201-500 employees

Automated options market-maker using proprietary technology

Company Overview

Akuna Capital stands out as a leading options market-maker, leveraging its proprietary low-latency technologies, trading strategies, and mathematical models to provide liquidity with competitive quotes. The firm's commitment to continuous growth is evident in its expansion into new markets and products, offering employees the unique opportunity to shape its future. With a strong culture of employee ownership and no external investors, Akuna Capital ensures a collaborative environment where decisions are data-driven and the focus is on sustainable growth.

Quantitative Finance

Data & Analytics

Fintech

Company Stage

N/A

Total Funding

N/A

Founded

2011

Headquarters

Chicago, Illinois

Growth & Insights

Headcount

6 month growth

↓ -4%

1 year growth

↓ -12%

2 year growth

↑ 4%

Locations

Chicago, IL, USA

Experience Level

Entry

Junior

Mid

Senior

Expert

Desired Skills

Communications

CategoriesNew

Finance & Banking

Quantitative Finance

Requirements

2+ years of experience market making options on the CBOE floor
SPX pit experience in the last 18 months required
Entrepreneurial self-starter ready to work in a fast paced, team environment
Strong mathematical aptitude giving the ability to maximize trading opportunities in a high-pressure environment
Effective and efficient communication and superior interpersonal skills
Passion for problem-solving and finding creative solutions in an ever-changing market
BS/MS in Finance, Economics, Business, Mathematics, or equivalent

Responsibilities

We are seeking a Floor Trader to join Akuna's Equity Indices team in the SPX pit on the CBOE floor. The ideal candidate will be a highly motivated individual interested in supporting our team coverage and competing in the marketplace. Candidates must possess working relationships inside of and strong familiarity with the S&P500 complex of options
As a part of Akuna's SPX team, you will make markets on options for brokers using our proprietary pricing and execution software custom-designed for use on your trading tablet. Whether being first to make a market or removing liquidity on a resting order, the opportunities you identify and execute on in the marketplace will be immediately represented in the team's P&L. You will be entrenched in a collaborative and comprehensive team environment where you will have the opportunity to learn our systems and trading style from some of our most experienced traders. Your previous experience will be expected to provide value from day one even as you adapt to your new role

About Akuna:

Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting-edge technology, data driven solutions, and automation. We specialize in providing liquidity as an options market-maker – meaning we are committed to providing competitive quotes that we are willing to both buy and sell. To do this successfully, we design and implement our own low latency technologies, trading strategies, and mathematical models.

Our Founding Partners first conceptualized Akuna in their hometown of Sydney. They opened the firm’s first office in 2011 in the heart of the derivatives industry and the options capital of the world – Chicago. Today, Akuna is proud to operate from additional offices in Sydney, Shanghai, London, and Boston.

What you’ll do as an SPX Floor Trader at Akuna:

We are seeking a Floor Trader to join Akuna’s Equity Indices team in the SPX pit on the CBOE floor. The ideal candidate will be a highly motivated individual interested in supporting our team coverage and competing in the marketplace. Candidates must possess working relationships inside of and strong familiarity with the S&P500 complex of options.

As a part of Akuna’s SPX team, you will make markets on options for brokers using our proprietary pricing and execution software custom-designed for use on your trading tablet. Whether being first to make a market or removing liquidity on a resting order, the opportunities you identify and execute on in the marketplace will be immediately represented in the team’s P&L. You will be entrenched in a collaborative and comprehensive team environment where you will have the opportunity to learn our systems and trading style from some of our most experienced traders. Your previous experience will be expected to provide value from day one even as you adapt to your new role.

Qualities that make great candidates:

2+ years of experience market making options on the CBOE floor
SPX pit experience in the last 18 months required
Entrepreneurial self-starter ready to work in a fast paced, team environment
Strong mathematical aptitude giving the ability to maximize trading opportunities in a high-pressure environment
Effective and efficient communication and superior interpersonal skills
Passion for problem-solving and finding creative solutions in an ever-changing market
BS/MS in Finance, Economics, Business, Mathematics, or equivalent