Full-Time

Experienced Individual Equity Options

Trader

Confirmed live in the last 24 hours

Belvedere Trading

Belvedere Trading

201-500 employees

Proprietary trading firm specializing in options

Quantitative Finance
Financial Services

Compensation Overview

$150k - $200kAnnually

Junior, Mid

Chicago, IL, USA

Position requires onsite presence in Chicago, Illinois.

Category
Quantitative Trading
Quantitative Finance
Finance & Banking
Required Skills
Python
R
SQL
Risk Management
Data Analysis
Requirements
  • 1-3 years of trading experience, ideally in single-stock options, index, or ETF trading.
  • Bachelor's degree or higher, preferably in Finance, Economics, Mathematics, Engineering, Computer Science, or a related discipline.
  • Strong quantitative and analytical background; familiarity with market microstructure and pricing.
  • Proficiency in programming languages such as Python, R, or SQL, with the ability to work with large datasets and develop models.
  • Ability to make high-stakes decisions under pressure in a fast-paced environment.
  • A team-oriented mindset with excellent communication skills.
Responsibilities
  • Become a leader in options market-making, while being recognized and compensated for your contributions within the firm.
  • Participate in formal education on quantitative concepts to build your trading knowledge.
  • Execute trades in a fast-paced environment with precision and a focus on maximizing profitability.
  • Excel in market-making on a highly collaborative team and actively provide liquidity across multiple markets while ensuring efficient pricing and risk management.
  • Execute strategy development and collaborate with the team to design and implement trading strategies in the highest volume names.
  • Provide analytics & insights to analyze market data to identify trends, mispricing, and emerging opportunities within the IEO space.
  • Develop tools to analyze positional opportunities, evaluate risk, and improve options liquidity.
  • Collaborate with technologists, quants, and traders to systematize models and trading strategies.
  • Ensure risk management by monitoring and managing positions within risk limits.

Belvedere Trading is a proprietary trading firm located in Chicago that focuses on options trading in the financial markets. The firm uses its own technology and risk management strategies to identify and take advantage of market inefficiencies quickly. Belvedere continuously updates and improves its trading models and software to maintain a competitive edge. Unlike many of its competitors, Belvedere emphasizes a strong company culture that fosters entrepreneurship and empowerment among its team of over 200 members, which helps to keep employee turnover low. The firm's goal is to achieve ongoing growth and success by leveraging advanced technology and skilled personnel to navigate the changing landscape of financial markets.

Company Stage

N/A

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

2002

Simplify Jobs

Simplify's Take

What believers are saying

  • AI-driven trading algorithms enhance Belvedere's focus on market inefficiencies.
  • Quantum computing offers new opportunities for enhancing proprietary technology.
  • 5G technology improves data transmission speeds, benefiting high-frequency trading operations.

What critics are saying

  • Increased competition from Databento could impact Belvedere's market share.
  • Investments in high-risk stocks may lead to significant financial losses.
  • Participation in volatile crypto markets could expose Belvedere to heightened financial risk.

What makes Belvedere Trading unique

  • Belvedere Trading leverages proprietary technology to capitalize on market inefficiencies.
  • The firm specializes in options trading with a focus on equity index and commodity derivatives.
  • Belvedere Trading maintains a distinctive company culture with high levels of entrepreneurship and empowerment.

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Benefits

Medical coverage

Life Insurance

Complimentary access to a full gym in the building

Time off

Parental leave

401(k)

Continuing education

Transit benefit program

Relocation reimbursement