Full-Time

Junior Quantitative Strategist

Posted on 7/15/2024

Akuna Capital

Akuna Capital

501-1,000 employees

Derivatives market maker providing liquidity

Fintech
Financial Services

Entry, Junior

Chicago, IL, USA

Category
Quantitative Research
Quantitative Trading
Quantitative Finance
Required Skills
Python
Requirements
  • BS/MS/PhD degree in a technical field – Engineering, Computer Science, Math, Physics (or related subject) must be completed upon employment
  • Strong programming skills in Python
  • Desire and ability to learn the intricacies of financial markets
  • Must be graduating August 2025 or prior
  • GPA of 3.5 or above
  • Legal authorization to work in the U.S. is required on the first day of employment including F-1 students using OPT or STEM
Responsibilities
  • Identify and execute on ideas to further automate our trading
  • Quantify the expected and actual impact of innovations on our results
  • Develop and maintain ownership over automated trading strategies
  • Rotational training program where you will get exposure to 4 different desks

Akuna Capital specializes in derivatives market making, providing liquidity in global financial markets. They enable quick buying and selling of assets without significantly affecting their prices. The company uses advanced technology and sophisticated algorithms developed by a team of developers, traders, and quantitative analysts to achieve this. Akuna primarily serves institutional clients like banks and hedge funds, offering efficient trading services without charging fees or commissions. Instead, they profit from the bid-ask spread, which is the difference between the buying and selling prices of assets. Their success relies on a collaborative environment where technology and trading strategies are continuously refined to adapt to market changes.

Company Stage

N/A

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

2011

Simplify Jobs

Simplify's Take

What believers are saying

  • Investment in Options AI indicates growth in retail trading tools market.
  • Caden's open data platform could enhance Akuna's data analytics capabilities.
  • Fintech expansion, like Till Payments, offers partnership opportunities for Akuna.

What critics are saying

  • Increased competition from new entrants in derivatives market-making.
  • Potential strategic misalignment with investments in diverse startups like Caden.
  • Focus on retail trading tools may divert attention from institutional clients.

What makes Akuna Capital unique

  • Akuna Capital excels in derivatives market-making with cutting-edge technology and sophisticated algorithms.
  • The firm provides liquidity without fees, profiting from the bid-ask spread.
  • Akuna's collaborative environment enhances rapid adaptation to market changes.

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Benefits

Generous Paid Leave Policies - Vacation leave starting at 20 days per year that increases based on tenure, flexible sick leave, primary carer’s leave starting at 12 weeks, and volunteer time off.

Medical & Retirement Packages - 100% coverage of monthly premiums for employees enrolled in Akuna’s BlueCross BlueShield offerings and dental and vision plans, as well as a 401(k) plan with company match.

Wellness & Inclusion - Our employees have access to complimentary fitness and mindfulness events both in-person and virtually, as well as an in-building gym in our Chicago office. Additionally, our employee-led Culture Committee works together to continue building a healthy, positive, and inclusive work environment.

Continuing Education - We are proud to offer firm-wide classes through our Akuna U program, access to webinars, digital books, and case studies via Safari, opportunities to attend conferences, and tuition reimbursements to make sure you keep learning!

Social Events - We host happy hours, team outings and poker nights, sponsor a variety of employee-led clubs and sports teams, and offer volunteer opportunities to all employees.

Kitchen & Games Room - Catch up over a coffee made to order by our in-house barista and grab a bite to eat in our stocked kitchen, or challenge a fellow coworker to a friendly ping pong match in our games room!

Referral Bonuses - We want to reward you for helping us grow our awesome, hard-working team.

INACTIVE