Full-Time

Broker Trader

Updated on 5/19/2026

Edgehog Trading

Edgehog Trading

11-50 employees

Proprietary trading firm for electronic options

Compensation Overview

$150k/yr

+ Discretionary Bonus

Chicago, IL, USA

In Person

Category
Finance & Banking (1)
Required Skills
Risk Management
Requirements
  • Previous experience (1+ years) in an options market making role covering brokers and institutional counterparties
  • BA/BS/MS/PhD degree in Computer Science, Data Science, Engineering, Math, Economics, Finance, Physics, or related field
  • Strong verbal communication skills
  • Detail oriented
  • Team player
  • Excellent ability to use market information to positively impact trading operations
  • Ability to work well under pressure and make fast decisions in a dynamic market
  • Strong interpersonal skills, can successfully manage and form external counterparty relationships
Responsibilities
  • Manage broker and institutional counterparty relationships across multiple products
  • Negotiate prices and make options markets for brokers and other relevant external parties
  • Collaborate and communicate effectively with screen traders to manage portfolio risk and pricing
  • Develop new relationships to improve access to flow and expand the business
  • Conduct trade analysis to identify trends and capitalize on opportunities

Edgehog Trading is a proprietary trading firm that focuses on electronic option market making strategies. It runs algorithmic trading to post bids and offers in options markets, aiming to profit from small price differences while managing risk through automation and data-driven decisions. The company achieves this with a team that combines traders, developers, and data scientists, all working to scale and automate profitable strategies across markets. The main differentiators are its in-house, data-centered approach and a problem-solving framework that helps it address complex challenges in efficient markets. The goal is to grow and fully automate its profitable strategies to a high level of precision and scale.

Company Size

11-50

Company Stage

N/A

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

2018

Simplify Jobs

Simplify's Take

What believers are saying

  • Retail options trading grew 40% YoY through 2025, expanding addressable market.
  • 16+ operational options exchanges create demand for sophisticated routing and execution.
  • Volatility derivatives automation opens adjacent revenue streams beyond core market-making.

What critics are saying

  • CEO Michael Jang and core quants represent existential single-point-of-failure risk.
  • SEC regulatory crackdown on rebates and PFOF compresses margins 30-50% within 18 months.
  • 100% revenue concentration in options; flash crash or regulatory halt eliminates all income.

What makes Edgehog Trading unique

  • Specialized options market microstructure expertise with automated execution algorithms.
  • Positioned to capitalize on SEC 2024-2025 transparency reforms and multi-venue fragmentation.
  • Lean 15-person team enables rapid strategy iteration in fast-moving options markets.

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Benefits

Performance Bonus