Full-Time
College Graduates
Full-Time, Junior Software Engineer
Posted on 1/17/2025
Old Mission
51-200 employees
Global market maker for illiquid ETFs
Compensation Overview
$145k - $175k/yr
Entry, Junior
Chicago, IL, USA + 1 more
More locations: New York, NY, USA
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- An undergraduate or an advanced degree in a quantitative field such as Computer Science, Engineering, or one of the hard sciences
- Minimum 3.0 GPA
- Knowledge of C++ and Python, SQL, JavaScript, React
- Understanding of systems programming, data structures, and algorithms
- Familiarity working in a Linux environment
- Strong analytical and problem solving skills
- Great communication skills, both written and verbal
- A strong work ethic and ability to adapt quickly in a fast-paced environment
- Developing and supporting C++ based trading applications and tools
- Contributing to the firm’s daily activities
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 transfer of risk for large institutions by ensuring that there is enough liquidity in the market, which allows these institutions to buy and sell ETFs more efficiently. Old Mission's team consists of traders, technologists, and operational support staff who work collaboratively to address challenges and provide exceptional service. Unlike many competitors, Old Mission emphasizes the human aspect of trading, fostering a culture that prioritizes long-term relationships with clients and a commitment to problem-solving. The company's goal is to support its clients by making the trading process smoother and more efficient, ultimately helping them manage their investments better.
Company Size
51-200
Company Stage
Private
Total Funding
N/A
Headquarters
Chicago, Illinois
Founded
2008
Simplify's Take
What believers are saying
- Rising demand for ESG-focused ETFs aligns with Old Mission's expertise in illiquid ETFs.
- AI-driven trading algorithms enhance Old Mission's market-making efficiency and accuracy.
- Thematic ETFs' popularity offers expansion opportunities for Old Mission's market-making services.
What critics are saying
- Increased competition in ETF market-making could pressure Old Mission's pricing and liquidity.
- Regulatory scrutiny on automated trading may raise compliance costs for Old Mission.
- Volatility in emerging markets could affect Old Mission's ETF valuations and liquidity.
What makes Old Mission unique
- Old Mission specializes in hard-to-price and illiquid ETFs, a niche market.
- The company combines automated trading with human problem-solving for unmatched service.
- Old Mission has a global reach, providing trillions in liquidity for over a decade.
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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
Company News
OLD Mission Capital LLC acquired a new stake in WisdomTree Emerging Markets Quality Dividend Growth Fund in the fourth quarter worth $2,431,000.
Finally, OLD Mission Capital LLC purchased a new stake in Cadeler A/S in the fourth quarter worth about $435,000.
Finally, OLD Mission Capital LLC purchased a new stake in Schwab Fundamental Emerging Markets Large Company Index ETF in the 4th quarter valued at about $22,872,000.
OLD Mission Capital LLC acquired a new stake in Bilibili in the first quarter worth $14,849,000.
OLD Mission Capital LLC invests $4.67 million in International Flavors & Fragrances Inc. (NYSE:IFF).